PUTRAJAYA, May 6 (Bernama)– Sustainable Energy Development Authority of Malaysia (SEDA Malaysia) has not granted any feed-in approval for geothermal resources to any company, including Tawau Green Energy Sdn Bhd (TGE). Chief Executive Officer Datin Badriyah Abdul Malek said although geothermal …
Read More »Business : TPPA To Be Concluded Before Obama’s Term Ends In January 2017
KUALA LUMPUR, May 5 (Bernama) — The Trans-Pacific Partnership Agreement (TPPA) trade deal would be concluded before United States (US) President Barack Obama ends his term in January 2017. US Ambassador to Malaysia Joseph Y Yun said although the multi-lateral trade agreement was complicated in …
Read More »Business : Wesports Share Rises On Positive Q1 Result
KUALA LUMPUR, May 5 (Bernama) — Westports Holdings Bhd’s share price on Bursa Malaysia was higher in the morning session Monday after the company announced a positive first quarter result. As at 10.45 am, the counter rose 2.0 sen to RM2.56 after opening flat at RM2.54, with 1.67 million …
Read More »Business : Westports’ Pre-Tax Profit Up 25 Per Cent In Q1 To RM131.6 Million
KUALA LUMPUR, May 2 (Bernama) — Westports Holdings Bhd recorded a profit before tax of RM131.6 million for the first quarter, up 25 per cent year-on-year, thanks to an increase in container throughput and savings of the management fee from its termination of management services agreement. Its …
Read More »Business : Boeing Statement on Malaysia Airlines Flight 370
KUALA LUMPUR, May 2 (Bernama) — Since day one, the families and loved ones of those aboard Malaysia Airlines Flight 370 have been in our thoughts and prayers. Our goal, along with the entire global aviation community, is to find out what happened to the airplane and why. Boeing is actively eng …
Read More »Business : Application For Photovoltaic Solar Quota For 2014 To Open On Friday – SEDA
PUTRAJAYA, April 30 (Bernama) — Applications for this year’s feed-in-tariff photovoltaic solar quota for Peninsular Malaysia, Sabah and Labuan will open on Friday with several improvements. Sustainable Energy Development Authority Malaysia (SEDA Malaysia) chief executive Datin Badriah Ab …
Read More »Business : Matrade To Lead 20 M’sian O&G Exhibitors To OTC 2014
KUALA LUMPUR, April 30 (Bernama) — The Malaysia External Trade Development Corporation (Matrade) will lead 20 Malaysian oil and gas (O&G)companies to the Offshore Technology Conference (OTC) 2014 in Houston, United States (US). The participation in Houston is to promote Malaysia’s O& …
Read More »Business : Westports’ Share Price Flat At RM2.51 Due To P3 Overhang
KUALA LUMPUR, April 29 (Bernama) — Westports’ share price was flat at RM2.51 as at lunch break today, after opening at RM2.50 and with 250,000 shares transacted. In a note, Maybank Investment Bank (IB) Research said the stock had been flattish since listing in October 2013, due to the P3 …
Read More »Business : Seda Invites Interested Parties In Sabah And Labuan To Apply For FiA
KUALA LUMPUR, April 28 (Bernama) — The Sustainable Energy Development Authority (Seda) is inviting interested parties in Sabah and Labuan Federal Territory to apply for the feed-in approval (FiA) for renewable energy quota allocated for the areas. This follows the recent opening of the Seda of …
Read More »Business : Obama’s Visit Underlines Strong Economic Relations, Says Anifah
PUTRAJAYA, April 25 (Bernama) — The historic visit by US President Barack Obama underlines the strong economic relations that form the bedrock of Malaysia-United States bilateral ties, says Foreign Minister Datuk Seri Anifah Aman. He said the United States remained one of Malaysia’s bigg …
Read More »General : Senate: 1,981 Business Partnerships Created Since LLP Introduced In February, 2013
KUALA LUMPUR, April 23 (Bernama) — A total of 1,981 businesses have been created based on limited liability partnership (LLP) since the alternative form of doing business was introduced by the Companies Commission of Malaysia (CCM) in February, 2013. Domestic Trade, Cooperatives and Consumeris …
Read More »Business : UTP Gets RM1.13 Million MOSTI Grant For Fire Fighting Research
KUALA LUMPUR, April 22 (Bernama) — Universiti Teknologi Petronas (UTP) has received a TechnoFund grant worth RM1.13 million from the Ministry of Science, Technology and Innovation (MOSTI) for a fire fighting research project. The university said in a statement today the ‘Rescue-I Monitor …
Read More »Business : No Trade Pact To Be Signed During Obama Visit, Says Mustapa
KUALA LUMPUR, April 22 (Bernama) — Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, has indicated that no trade agreement will be signed during US President Barack Obama’s visit but a lot of issues will be discussed to strengthen bilateral relationship. He said O …
Read More »Business : Takaful Ikhlas Projects First Year Annual Contribution Of RM8 Mln
KOTA BHARU, April 21 (Bernama) — Takaful Ikhlas Sdn Bhd, a wholly-owned subsidiary of MNRB Holdings Bhd, is projecting first year annual contribution of RM8 million to be generated from the week-long Malaysian Unit Trust Week (MSAM) 2014 which started yesterday. President and Chief Executive O …
Read More »Business : Oil Royalty Agreement Can Be Re-Negotiated : Musa
KOTA KINABALU, April 17 (Bernama) — The oil royalty agreement Sabah signed with Petroliam Nasional Bhd (Petronas) on June 14, 1976 can be reviewed or re-negotiated in line with the current changes and needs, said Sabah Chief Minister Datuk Seri Musa Aman. Musa said all discussions could be dis …
Read More »