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Malaysia to let Lynas rare earth plant to continue operations

Malaysia will allow Australia's rare earth plant Lynas Corp to continue operating in the country, Tun Dr Mahathir Mohamad said.

KPDNHEP proposes electricity meters be calibrated for accuracy

PUTRAJAYA, May 29 (Bernama) -- Tenaga Nasional Bhd (TNB) should have their electricity meters calibrated to ensure accuracy, said the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) .

Serba Dinamik's earnings 21 pct higher at RM112 mln in Q1

KUALA LUMPUR, May 29 (Bernama) --  Serba Dinamik Holdings Bhd’s net profit rose by 21 per cent year-on-year to RM112.15 million in the first quarter (Q1) ended March 31, 2019, as it increased its maintenance, repair and overhaul (MRO) activity in Malaysia, Indonesia and the Middle East.

TNB takes action on electricity bills issue

KUALA LUMPUR, May 29 (Bernama) -- Tenaga Nasional Berhad (TNB) has given assurance it will refund the excess payment made by customers if it is proven that excess charges occur on their respective electricity bills.

TNB denies receiving government instructions to increase rates by 30 percent

MELAKA, May 29 (Bernama) -- Tenaga Nasional Berhad (TNB) today denied a message that went viral on social media that its board of directors has received government orders to raise electricity tariffs by 30 percent.

Velesto Energy expects stronger earnings in H2

KUALA LUMPUR, May 29 (Bernama) — Velesto Energy Bhd expects to record stronger earnings in the second half (H2) of this year, leveraging on a better utilisation of its jack up rigs.

Rise in electricity bill issue to be raised in cabinet

PUTRAJAYA, May 28 (Bernama) -- The issue on the significant rise in electricity bill and public outcry on the matter will be taken to the Cabinet meeting tomorrow said Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

Energy Commission ordered to investigate high electricity bill

PUTRAJAYA, May 28 (Bernama) -- The Ministry of Energy, Science, Technology, Environment and Climatic Change (MESTECC) has instructed the Energy Commission (EC) to investigate the high electricity bill imposed by Tenaga Nasional Bhd (TNB).

Petronas Gas posts higher Q1 earnings, approves 16 sen dividend

KUALA LUMPUR, May 28 (Bernama) -- Petronas Gas Bhd’s (PetGas) net profit rose to RM515.46 million in its first quarter ended March 31, 2019, against RM483.22 million a year earlier due to unrealised foreign exchange (forex) gain and higher share of profit from a joint-venture company. 

CCM PGW1 plant to be fully operational by Q3

KUALA LUMPUR, May 28 (Bernama) -- Chemical Company of Malaysia Bhd (CCM) will be reactivating and operating its Pasir Gudang Plant 1 (PGW1) by the third quarter of this year (Q3 2019) with a 50 per cent increase in capacity.