CYBERJAYA: Technology will be one of the core aspects of the National Water Transformation Plan 2040 (AIR 2040). Malaysian Water Services Commission (SPAN) chairman Charles Santiago said there are several dimensions in water transformation with technology as one of the cores alongside awareness and tariffs. “This morning, we held a commission members’ meeting where we…
PETALING JAYA: The current Renewable Energy Certificate tariffs (REC tariffs) are presenting challenges to the growth of Malaysia’s green hydrogen industry, said Gentari, the clean energy solutions arm of Petroliam Nasional Bhd (Petronas). Gentari’s Technical Centre of Excellence for Hydrogen head, Wan M. Ikhwan Wan Yusoff, is calling for government support, particularly through lower electricity…
KUALA LUMPUR: Deleum Bhd is setting its sights on expansion in Southeast Asia after completing the acquisition of a 70% stake in PT OSA Industries Indonesia, group CEO Rao Abdullah said. The US$7 million (RM31 million) PT OSA Industries deal is expected to be completed in the first half of 2025. “Our ambition is to…
KUALA LUMPUR: There is a need for diversified funding in Malaysia’s venture capital landscape as it is overly reliant on government-related sources, said Finance Minister II Datuk Seri Amir Hamzah Azizan. He highlighted that in 2022, government agencies and sovereign wealth funds contributed nearly two-thirds, or 63%, of total venture capital funding. “While this demonstrates…
KUALA LUMPUR: Malaysia is on track to increase its renewable energy capacity to 31% of the national energy mix by 2025, said Science, Technology and Innovation Minister Chang Lih Kang This, he added, will position Malaysia as a key player in the region’s green transition – a critical focus as the country prepares to assume…
PETALING JAYA: Malaysia aims to produce two million tonnes of hydrogen annually by 2030., scaling up to 16 million tonnes by 2050, under the Emission Driven Scenario (EDS), according to Science, Technology and Innovation Minister Chang Lih Kang. He said the successful implementation of the Hydrogen Economy and Technology Roadmap (HETR) will enable Malaysia to…
KUALA LUMPUR: The Social Enterprise Education Lab (SEEd.Lab), an incubator programme by Petroliam Nasional Bhd (Petronas) in collaboration with Tata Consultancy Services (TCS), is allocating RM250,000 for each venture under its incubation programme. SEEd.Lab head and programme manager Aidonna Jun Ayub saisd the amount includes a RM50,000 grant for each venture. “The 12-18 months programme…
KUALA LUMPUR: TMK Chemical Bhd, a player in Malaysia’s inorganic chemicals market, aims to raise RM385 million from its initial public offering (IPO) in conjunction with its listing on the Main Market of Bursa Malaysia Securities. The RM385 million will be raised through the public issue of 220 million new shares at RM1.75 per share….
KUALA LUMPUR: Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd, has launched OAKA Residences, a luxury residential development in Bukit Jalil, Kuala Lumpur, with a gross development value (GDV) of RM373 million. Berjaya Land Bhd executive director Tan Tee Ming said they expect a third of the development to be sold within…
KUALA LUMPUR: The New Investment Incentive Framework (NIIF) will balance complying with the Global Minimum Tax (GMT) while still keeping Malaysia competitive as an investment destination, said Datuk Johan Mahmood Merican, Secretary-General of Treasury, Ministry of Finance. He said the government needs time to develop the NIIF because it wants to improve the current sector-based…
