KUALA LUMPUR (Dec 27): The government will not allow increases in electricity tariffs that would burden the majority of the public, said Prime Minister Datuk Seri Anwar Ibrahim. (pictured) Speaking to reporters in Langkawi, Anwar said the upcoming electricity tariff adjustment would involve “only the ultra-rich (mahakaya) or profitable industries (yang mencatat keuntungan)”. “The majority…
Read MoreKUALA LUMPUR (Dec 27): The proposed adjustment in Peninsular Malaysia’s base electricity tariff under the Regulatory Period 2025-2027 (RP4) is mainly a “rebasing exercise” to reflect higher fuel costs assumption, said Tenaga Nasional Bhd (KL:TENAGA). Amid expectations of high costs of coal and gas, the government is also “putting a lot of thought” in the…
Read MoreKUALA LUMPUR (Dec 26): Peninsular Malaysia’s base electricity tariff has been set at 45.62 sen per kilowatt hour (kWh) in the three-year regulatory period 2025-2027 (RP4), said Tenaga Nasional Bhd (TNB) (KL:TENAGA). This marks a 14.2% increase from 39.95 sen/kWh set in RP3 (2022-2024). The increase will be effective July 1, the utility giant said….
Read MoreKUALA LUMPUR (Dec 24): The government has removed the 85% demand capacity cap for non-domestic users under its self-consumption (SelCo) programme, and to allow the installation of solar panels on the ground and over bodies of water. This comes with guideline changes set to take effect on Jan 1, 2025, according to a statement from…
Read MoreKUALA LUMPUR (Dec 23): Property developer Trinity Group has won the FIABCI Malaysia Property Award 2024 in the residential high-rise category for its flagship development, Trinity Pentamont, located in Mont’Kiara, Kuala Lumpur. In a statement today, the Klang Valley-based developer said the prestigious accolade underscores Trinity Pentamont’s benchmark-setting design and reinforces the group’s reputation for…
Read MoreKUALA LUMPUR (Dec 23): Mega First Corp Bhd (KL:MFCB) announced that its executive director, Goh Nan Yang, will step down from his position effective Dec 31, upon the expiry of his employment contract. In line with his resignation, Nan Yang will also vacate his role as an alternate director to MFCB’s executive chairman, Goh Nan…
Read MoreKUALA LUMPUR (Dec 23): KLCC (Holdings) Sdn Bhd, a unit of national oil and gas company Petroliam Nasional Bhd (Petronas), on Monday said that it has acquired 486 acres (196.68 hectares) of Bandar Malaysia land for an undisclosed price. A sale-and-purchase agreement for the land, the site of the former Royal Malaysian Air Force base…
Read MoreKUALA LUMPUR (Dec 23): The government on Monday announced an additional rooftop solar quota under the net energy metering (NEM) mechanism for households (NEM Rakyat) and the commercial and industrial segment (NEM Nova). NEM Rakyat will be increased by 150 megawatts (MW) to 600MW, while NEM Nova will be increased by 300MW to 1,700MW, the…
Read MoreKUALA LUMPUR (Dec 19): Trinity Group is equipping five of its flagship developments with automated external defibrillators (AEDs) and mobility-assistance equipment to enhance resident safety and as part of its environmental, social, and governance (ESG) initiatives. In a press release issued Dec 19, the developer said that this initiative addresses the rising need for residential…
Read MoreKUALA LUMPUR (Dec 19): Chai Woon Yun, daughter of Aset Kayamas founder Tan Sri Datuk Chai Kin Kong, has become the largest shareholder of Kanger International Bhd through a private placement. She subscribed for 122.32 million shares through a private placement on Dec 13, representing a 13.9% stake in the company. That raised her total…
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