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KUALA LUMPUR, Oct 15 (Bernama) -- Malaysia should continue fiscal consolidation, broaden its tax base and improve subsidy targeting to strengthen its resilience to future economic shocks, according to the International Monetary Fund (IMF).
KUALA LUMPUR, Oct 15 (Bernama) -- Demand for renewable energy (RE) under the Corporate Renewable Energy Supply Scheme (CRESS) is expected to remain resilient despite the revised system access charge (SAC).
KUALA LUMPUR, Oct 15 (Bernama) -- Eligible renewable energy developers under the Corporate Renewable Energy Supply Scheme (CRESS) Acceleration Package (CAP) will benefit from a fixed system access charge (SAC) of 14 sen per kilowatt-hour (kWh) for 10 years, while green consumers will be subject to a separate charge of four sen/kWh.
KUALA LUMPUR, Oct 15 (Bernama) -- Selangor state-owned conglomerate, Worldwide Holdings Bhd is positioning itself to develop Malaysia’s first nuclear power plant, aiming to be ready to make a final investment decision (FID) by 2031.
KUALA LUMPUR, Oct 15 (Bernama) -- The RM83 billion development expenditure allocation under Budget 2027 forms part of Malaysia’s RM430 billion five-year development allocation under the 13th Malaysia Plan (13MP) 2026–2030 to expand productive capacity and drive higher-value economic growth, said the Ministry of Finance (MoF).
KUALA LUMPUR, Oct 15 (Bernama) -- Sigenergy has launched its brand in Sri Lanka and signed a distribution agreement with Storex Renewables, along with memoranda of understanding (MoUs) with local installers Penta Prime and Solar Therm.
KUALA LUMPUR, Oct 15 (Bernama) -- Gamuda Bhd’s shares rose on Bursa Malaysia after announcing that its joint venture (JV) with Taiwan-based MiTAC Information Technology Corp has secured a RM3.7 billion contract to build the Keelung Mass Rapid Transit (MRT) system and trackwork in Taiwan.
KUALA LUMPUR, Oct 15 (Bernama) -- Tenaga Nasional Bhd (TNB) said there is a need for substantial investment in power generation and grid modernisation to support Malaysia’s changing energy mix while maintaining affordable, reliable and secure electricity supply.
KUALA LUMPUR, Oct 14 (Bernama) -- JAG Bhd’s wholly-owned subsidiary, JAG Capital Equity Sdn Bhd, is subscribing to new shares representing 6.17 per cent of the enlarged issued share capital of Australia-listed gold exploration and development company Metal Bank Ltd for A$752,400 (about RM2.15 million).
KUALA LUMPUR, Oct 14 (Bernama) -- The Malaysian Investment Development Authority (MIDA) has connected 25 Malaysian manufacturing and services companies with TNB Power Generation Sdn Bhd (TNB GENCO) and TNB Renewables Sdn Bhd to explore renewable energy (RE) supply-chain opportunities.
KUALA LUMPUR, Oct 13 (Bernama) -- Jati Tinggi Group Bhd (JTGroup) said its business operations remain on track, and emphasised that there has been no material change to its business operations or ongoing project execution arising from the recent market volatility.
BANGKOK, Oct 13 (Bernama) -- Malaysia’s palm oil industry must balance sustainability with long-term profitability and growth, while ensuring that rising compliance costs do not disproportionately burden smallholders, said Malaysian Palm Oil Association (MPOA) chief executive officer Roslin Azmy Hassan.
