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NuScale small modular reactor first to receive US NRC design approval

KUALA LUMPUR, Sept 1 -- NuScale Power has announced that the US Nuclear Regulatory Commission (NRC) completed Phase 6 review -- the last and final phase -- of the Design Certification Application (DCA) for its groundbreaking small modular reactor (SMR) with issuance of the Final Safety Evaluation Report (FSER).

Shocks in oil and gas industry weigh on financial performance

By SITI RADZIAH HAMZAH

KUALA LUMPUR, Aug 31  -- The oil and gas industry is experiencing its third price collapse in 12 years but after the first two shocks, the industry rebounded and business continued as usu

Serba Dinamik's earnings, revenue rise in 2Q20

KUALA LUMPUR, Aug 25 -- Serba Dinamik Holdings Bhd’s net profit rose to RM147.88 million in second quarter ended June 30, 2020 (2Q20), from RM130.44 million in the same period last year. 

Hibiscus Petroleum speeding up asset acquisition plans

KUALA LUMPUR, 24 August -- Hibiscus Petroleum Bhd is accelerating its asset acquisition plans following the improvement in the outlook for the oil and gas (O&G) market.  

RHB Investment Bank maintains 'buy' rating on Kumpulan Powernet

KUALA LUMPUR, Aug 24  -- RHB Investment Bank Bhd has maintained a 'buy' rating for Kumpulan Powernet Bhd based on the company's strong earnings growth despite the delay in its property development projects during the Movement Control Order (MCO) period. 

Call for public feedback on VBIAF Sectoral Guides on Palm Oil, Renewable Energy, Energy Efficiency

KUALA LUMPUR, Aug 24 -- The Value-based Intermediation Financing and Investment Impact Assessment Framework (VBIAF) Sectoral Guide Working Group (Working Group) today issued the first cohort of the VBIAF Sectoral Guides on Palm Oil, Renewable Energy and Energy Efficiency.

SARES power project changing lives in rural Sarawak

KUCHING, Aug 23 -- The Sarawak Alternative Rural Electrification Scheme (SARES) has created a big difference in the lives of the remote communities in the state ever since it was launched in June 2016, state power company, Sarawak Energy said.

Federal govt spent RM26.4 bln to improve Sabah's electricity supply - Minister

KOTA KINABALU, Aug 22 -- The Federal Government spent RM26.4 billion between 2001 and 2018, in the form of grants, loans and subsidies to improve the quality of electricity supply services in Sabah.

PetGas net profit increases to RM547.09 mln in 2Q20

KUALA LUMPUR, Aug 19 -- Petronas Gas Bhd’s (PetGas) net profit increased to RM547.09 million in the second quarter ended June 30, 2020 (2Q20) from RM502.89 million in the same period a year earlier. 

NTIS receives 693 applications from various sectors

CYBERJAYA, Aug 19  - The National Technology and Innovation Sandbox (NTIS) has received 693 applications from various sectors to participate in the initiative from July 15 until yesterday, Science, Technology and Innovation Minister Khairy Jamaluddin said.