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Eni, Petronas, Euglena Looking To Build Biorefinery In Malaysia
Eni, Euglena, and Petronas will jointly study the possibility of developing and operating a biorefinery in the Pengerang Integrated Complex (PIC) in Malaysia. The three parties are currently carrying out technical and economic feasibility assessments for the proposed...
5G network ahead of schedule, says DNB
PETALING JAYA: Digital Nasional Bhd (DNB) says its 5G network is ahead of schedule and will exceed 40% coverage of populated areas (Copa) nationwide by December, on track to achieve the committed 80% Copa by 2024 or earlier. In a statement, the company said the 5G...
Is our tourism industry reaching maturity or still in its infancy
INSTEAD of looking for substantive facts and figures, the answer can easily be found in the presence, or absence, of sightseeing tours with daily departures using tour buses, with tourist guides at major cities and popular destinations. These half-day or full-day...
Vegetable and seafood prices go up in Malaysia due to heavy rains
PETALING JAYA - Vegetables and seafood now cost more in Malaysia due to a drop in yield caused by the rainy season, and if the bad weather persists, prices are expected to soar even higher for the Chinese New Year period. Malaysia’s Federation of Vegetable...
No Malaysians affected in Thailand railway blast incident, says Perlis exco
KANGAR: No Malaysians were affected in the railway blast incident in Sadao, Thailand on Saturday (Dec 3) afternoon, says Izizam Ibrahim, the Perlis executive council member in charge of border relations and cooperation. He said from the information he received the...
Malaysia’s 5G network recognised globally at prestigious Glotel award in London
KUALA LUMPUR, Dec 4 — Malaysia’s 5G network has been recognised globally at the prestigious Glotel award which acknowledges innovation and excellence in advancing and transforming telecommunications. The winners were revealed at the global awards ceremony in London...
Malaysian shipping struggling to catch up, while ports ‘anchors aweigh’ from troubled waters
KUALA LUMPUR: Malaysia’s Maritime industry had a mixed development in 2022 with the shipping business slowly steaming in rough waters in 2022, attempting to recover from the hard knocks of the Covid-19 pandemic, and rebuilding it amid a lack of directional stability,...
F&N to leverage on Cocoland to expand packaged food segment
KUALA LUMPUR: The acquisition of Cocoaland Holdings Bhd (Cocoaland) will enable Fraser & Neave Holdings Bhd (F&N) to tap into a market segment worth RM4.2 billion. In a statement, F&N said the acquisition of Cocoaland is a strategic move to realise the...
Ringgit retreats to open lower against US dollar
KUALA LUMPUR: The ringgit retreated from its gains last week to open lower against the US dollar on Tuesday, weighed by a strengthening greenback and declining crude oil prices, an analyst said. At 9 am, the local note eased to 4.5000/5100 against the US dollar from...
Malaysian export prices drop slightly in October – DOSM
KUALA LUMPUR: Malaysia's export prices in October 2022 dropped slightly by 0.05 per cent from 149.8 points in the preceding month to 149.7 points, while the "import unit value index" showed a positive performance of 0.6 per cent to 133.2 points. Accordingly,...
Beer sales expected to pick up for Carlsberg in 4Q
KUALA LUMPUR: Off the back of a strong third-quarter performance, Carlsberg Brewery Malaysia Bhd is expected to put in a commendable fourth quarter result amid strong foreign tourist arrivals, and sporting events such as the 2022 Fifa World Cup and Singapore...
Ringgit opens higher against US$ as ‘stars align’ for local currency
KUALA LUMPUR:The ringgit opened higher against the US dollar today as the greenback continued its easing on the expectation that the US Federal Reserve (Fed) will be less hawkish on its monetary policy after softer inflation data there, analysts said. At 9 am, the...
Malaysia’s services, manufacturing growth set to continue in 2023
KUALA LUMPUR: Malaysia’s services and manufacturing growth, the big factor behind the country’s strong third quarter (Q3) gross domestic product (GDP) print, are projected to continue their growth into 2023. Moody’s Analytics, in its latest Asia Pacific Economic...
Malaysia’s end-Oct palm oil stocks seen at 3.5-year high on rise in output
KUALA LUMPUR : Malaysia's palm oil inventories at end-October likely swelled to its highest in three and a half years as production improved while imports slumped, a Reuters survey showed on Friday. Stockpiles were pegged to rise 9.3 per cent from September to 2.53...
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Report: Ahead of GE15, hotels hit by cancellations as Malaysians put voting before vacations
Monday, 31 Oct 2022 9:21 AM MYT KUALA LUMPUR, Oct 31 — Hotels have reportedly been receiving cancellations ahead of the 15th general election (GE15) as voters are calling off their holidays planned around November 19 to cast their ballots. Hotel bookings for events...
Palm oil futures rise on weather-related worries
Reuters Published October 24, 2022 KUALA LUMPUR: Malaysian palm oil futures firmed on Friday and were headed for a weekly rise, on concerns over production disruptions from the arrival of the monsoon season, but the gains were capped by sluggish October exports. The...
EU applauds Malaysia’s double aviation achievements, says Dr Wee
KUALA LUMPUR: The European Union (EU) Commission applauds Malaysia's double achievements in aviation with its re-election to the International Civil Aviation Organisation (ICAO) Council and reinstatement to Category 1 of the United States International Aviation Safety...
Malaysia, EU explore cooperation to develop sustainable aviation fuel, says transport minister
KUALA LUMPUR, Oct 16 — Malaysia and the European Union (EU) have agreed to explore further cooperation under the Transport Ministry to develop sustainable aviation fuel (SAF), Transport Minister Datuk Seri Wee Ka Siong said. He said this included making the product...
OGSE players to benefit from RM1bil maritime and logistics fund
KUALA LUMPUR: The RM1bil maritime and logistics fund is expected to benefit oil and gas services and equipment (OGSE) players, especially the close-to-100 offshore support vessel (OSV) service providers in Malaysia, according to Malaysia Petroleum Resources Corp...