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  #81  
Old Posted Aug 26, 2021, 3:22 PM
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WORLD 2021
Part 46: UK | Genting Malaysia Bhd
Genting UK's online casino said to be marketed on new platform by Amazon.com unit
Esther Lee August 25, 2021 11:58 am +08
Quote:
KUALA LUMPUR (Aug 25): Genting Malaysia Bhd’s (GenM) indirect wholly-owned subsidiary Genting UK plc is reported to have moved its online Genting Casino operations to a new platform provided by SkillOnNet in collaboration with Amazon.com Inc unit Prime Gaming to expand Genting UK's online footprint across Europe, Inside Asian Gaming (IAG) reported today, quoting SkillOnNet head of corporate development Maor Nutkevitch.

IAG reported that under the new deal, gentingcasino.com will be marketed on the SkillOnNet network by Prime Gaming.

"However, sports betting will be dropped from the online offering, with gentingcasino.com to focus solely on online casino gaming,” IAG reported.
https://www.theedgemarkets.com/artic...amazoncom-unit
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  #82  
Old Posted Sep 11, 2021, 2:33 AM
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WORLD 2021
Part 46: Taiwan | MDEC & EasyStore
MDEC, EasyStore launch Malaysia Select Campaign in helping local businesses to expand to Taiwan
By NST Business - September 8, 2021 @ 11:54am
Quote:
KUALA LUMPUR: The Malaysia Digital Economy Corporation (MDEC) and EasyStore today announced the launch of Malaysia Select Campaign via a Malaysia-Taiwan shopping platform to assist Malaysian businesses in expanding to Taiwan.

MDEC chief digital business officer Aiza Azreen Ahmad said public-private initiatives such as this are important to growing Malaysia as an e-commerce producer rather than just merely consumers.

This is in line with the goals of National eCommerce Strategic Roadmap (NESR) 2.0, which aims to place the nation as the largest eCommerce market in the ASEAN-6 region by 2025.

"We aim to catalyse further the growth of e-commerce in Malaysia and equal importance, sustaining livelihoods and jobs in the process.

"Together, we can accomplish the goals of MyDIGITAL and place us firmly on course towards creating a globally competitive digital nation, anchored on inclusivity, sustainability and shared prosperity, firmly establishing Malaysia as the Heart of Digital ASEAN," she said in a statement today.

The campaign is scheduled to run from 1 October to 10 October 2021 and is supported by Commerce Development Research Institute of Taiwan, Exabytes, EasyParcel and Janio.

This online sales campaign also targets to provide support to at least 800 local businesses to increase their sales by at least 30 per cent and gain significant brand exposure in Taiwan.

Further, MDEC and EasyStore, in close consultation with the Commerce Development Research Institute of Taiwan, will be providing a kickstarter programme to participating local online businesses to introduce their brands and market their offerings to new market segments in Taiwan.

EasyStore chief business development officer and co-founder Alan Kok said the company shared a vision with MDEC to offer continuous support and leadership in pushing the e-commerce agenda forward for Malaysian businesses.

"In line with this, we strive our very best to simplify the selling process not solely on providing an easy-to-use e-commerce platform but also to equip local businesses with the ability to export.

"Together, we can help local businesses to achieve greater sales and greater global competitiveness via this campaign," he said.

Webinars will also be conducted to equip the participants with knowledge, tips and tricks in marketing to Taiwan.

Local businesses still without an online store presence may also embark on their e-commerce journey via EasyStore's single sales channel plan with no cost, while merchants can also upgrade and customise based on their requirement.

As of the end of 2020, more than 489,000 micro, small and medium enterprises (MSME) adopted e-commerce, while 378,000 small and medium enterprises (SME) were trained in e-commerce.

SMEs exporting grew exponentially from 1,800 to 27,000. The sector also attracted investment worth RM1.5 billion for the establishment of regional e-fulfilment hubs.
https://www.nst.com.my/business/2021...cal-businesses

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  #83  
Old Posted Sep 12, 2021, 11:09 AM
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Originally Posted by nazrey View Post
Malaysia Airport Holding Bhd (MAHB)
MAHB’s asset in Turkey ranked fifth busiest airport in Europe
Malaysia Airports’ overseas asset Istanbul Sabiha Gokcen International Airport (IATA Code: SAW) in Turkey was ranked as the fifth busiest airport in Europe, registering a daily average of almost 500 flights. Eurocontrol is the European Organisation for the Safety of Air Navigation headquartered in Brussels, Belgium. The Malaysia Airports group’s sustainability is well supported by the encouraging recovery seen at SAW in the last several months. Since July 2020, passenger traffic at SAW contributed more than 50% to the group’s total.
https://www.malaysiaairports.com.my/taxonomy/term/416
https://www.malaymail.com/news/money...europe/1921565


https://www.airteamimages.com/-___276659_large.html
WORLD 2021
Part 47: Turkey | Malaysia Airports Holdings Bhd (MAHB)
MAHB's Istanbul airport implements new passenger flow management system
Bernama September 10, 2021 19:15 pm +08
Quote:
KUALA LUMPUR (Sept 10): Malaysia Airports Holdings Bhd’s (MAHB) Istanbul Sabiha Gokcen International Airport (ISGA) in Turkey has implemented a new passenger flow management system to heighten passenger safety and operational efficiency

In a statement today, the airport operator said the system, known as Xovis PTS, is part of the group-wide Airports 4.0 digital initiative aimed at improving travelling experience at airports within the new norms.

“The Xovis PTS comprises 184 state-of-the-art sensors that will automatically detect congestion at touchpoints, providing real-time information to the airport’s main command centre so that quick action can be taken to manage and resolve the situation.

“It also features a passenger tracking and area occupancy system that monitors and directs passengers to the next available queue line or facility at either immigration, security checkpoints or washrooms so that wait times can be reduced and full compliance to physical distancing measures can be ensured,” it said.

Group chief executive officer Datuk Mohd Shukrie Mohd Salleh said MAHB had expedited many of its digital initiatives to prepare for travel resumption.

“ISGA’s encouraging recovery continues as can be seen by its August traffic data of which, we recorded the highest daily passenger movements for the year so far on Aug 15, 2021 at 110,972 passengers,” he said.

He said ISGA recorded three million total passenger movements in July 2021, an increase of 35% from the previous month.

“This is already at 89% of our pre-Covid performance,” he said.

He added that although the pandemic had introduced another level of complexity to airport processes, ISGA’s more robust recovery is a good testbed to showcase technology that ensured passenger safety and convenience.
https://www.theedgemarkets.com/artic...agement-system

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  #84  
Old Posted Sep 13, 2021, 5:26 AM
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WORLD 2021
Part 48: USA | Top Glove Corp Bhd
Top Glove resumes glove exports to the US
By Azanis Shahila Aman - September 10, 2021 @ 9:43am
Quote:
KUALA LUMPUR: Top Glove Corp Bhd (Top Glove) has been permitted to resume exporting and selling gloves to the United States (US) effective September 10, following a revision to the US Customs and Border Protection's Customs and Border Protection's (CBP) findings.

The company, in a statement, said the CBP has affirmed that disposable gloves made by Top Glove in Malaysia would be admissible at all US ports of entry.

Previously, the CBP directed the country's ports to seize Top Glove's goods, and despite the ban, the authorities seized latex gloves made by Top Glove in July last year after the CBP found a shipment in Kansas City.

And in March this year, the CBP found evidence of multiple forced labour indicators in Top Glove's production process, including debt bondage, excessive overtime, abusive working and living conditions, and retention of identity documents. As a result, it directed its officials to seize goods from the manufacturer.
https://www.nst.com.my/business/2021...ove-exports-us
Quote:
Top Glove HQ
Shah Alam, Selangor


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  #85  
Old Posted Sep 14, 2021, 4:13 AM
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ASEAN 2021
Part 66: Vietnam | JAKS Resources Bhd
JAKS inks MoU with T&T Group for joint development of LNG-to-power project in Vietnam
Shazni Ong September 13, 2021 19:46 pm +08
Quote:
KUALA LUMPUR (Sept 13): JAKS Resources Bhd has inked a memorandum of understanding (MoU) with T&T Group Joint Stock Co to explore the possibility of collaborating to develop the 1,500MW Quang Ninh 2 liquefied natural gas (LNG)-to-power project in Quang Ninh province, Vietnam.

Under the terms, both JAKS and T&T Group will agree on a common approach in relation to the implementation of the LNG-to-power project, including the location, design, technology and infrastructure involved for the import terminal and the power plant, and the selection of LNG and gas-fired power solutions suppliers.

Separately, T&T Group will be responsible for all legal matters pertaining to the LNG-to-power project. JAKS, on the other hand, shall be the strategic investor and is responsible for the engineering, construction and commission process.

The MoU, which was signed on Sept 11, 2021 at the Embassy of Vietnam in Helsinki, Finland, demonstrates the common vision of both parties to address Vietnam's increasing domestic electricity demand, increasing gas demand for gas-fired generation plus the required importation of LNG into Vietnam, said JAKS chief executive officer Andy Ang Lam Poah in a statement today.

"This is yet another breakthrough for JAKS to tap into the LNG field, which will essentially strengthen the group's power and energy business division in Vietnam. Our first ever entry into the power-energy sector was through the construction of the 1,200-megawatt Hai Duong Power Plant, which has fully commenced commercial operations in January this year.
https://www.theedgemarkets.com/artic...roject-vietnam
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  #86  
Old Posted Sep 14, 2021, 11:34 PM
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Part 67: Singapore | Sunway Bhd
Sunway-Hoi Hup consortium wins Singapore's Flynn Park bid with RM1.15bil offer
By NST Business - September 13, 2021 @ 3:05pm



Sunway Bhd, through its joint venture vehicle with Singapore developer Hoi Hup Realty, has won a competitive bid for the en-bloc acquisition of Flynn Park building with a bid of S$371 million (about RM1.15 billion).
Quote:
KUALA LUMPUR: Sunway Bhd, through its joint venture vehicle with Singapore developer Hoi Hup Realty, has won a competitive bid for the en-bloc acquisition of Flynn Park building with a bid of S$371 million (about RM1.15 billion).

Flynn Park, a 72-unit condominium block built in 1986 was open for tender at the end of July.

t is sited on an elevated 1.94-hectare freehold plot of land and is located 350 metres from the Pasir Panjang MRT station on the Circle Line.

In addition, the development is a stone's throw from landmarks such as the Pasir Panjang Food Centre, Mapletree Business City, VivoCity and Sentosa Island.

Under the URA Master Plan 2019, the site is zoned "residential" with a plot ratio of 1.4.

Sunway, in a statement today, said Sunway Property and Hoi Hup intended to redevelop the site into modern private residential condominiums, leveraging on the multiple strengths of its location which is on a hillside, at the fringe of the city centre, next to public transportation and yet next to the lush and mature Kent Ridge nature park.

The deal was brokered by Savills Singapore which described it as the largest collective sale site in Singapore in 2021.

Collective sales in Singapore has picked-up due to the rebound in Singapore's property market.

"Current developments by Sunway Property in Singapore includes Ki Residences, a private condominium in Clementi, and Parc Central, an executive condominium in Tampines have all done well since their respective launches.

"The projects have achieved robust take-ups of 60 per cent and 85 per cent respectively," Sunway added.

With the latest acquisition of Flynn Park, Sunway Property's landbank to date stands at 1,351.24 ha with a potential gross development value of RM54.4 billion.
https://www.nst.com.my/business/2021...rm115bil-offer
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  #87  
Old Posted Sep 16, 2021, 12:57 AM
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Revenue of Malaysian affiliates abroad rises over a decade, hits RM335.2b in 2019
Esther Lee September 15, 2021 12:55 pm +08



Quote:
KUALA LUMPUR (Sept 15): The revenue generated by Malaysian affiliates abroad reached a total of RM335.2 billion in 2019, increasing 1.3% year-on-year from RM330.9 billion in 2018.

Data from the Department of Statistics Malaysia (DOSM) revealed that the revenue of Malaysian affiliates abroad has been consistently rising over the last 10 years, gaining 70% from RM197.6 billion in 2010.

By DOSM’s definition, affiliates abroad are those companies controlled by Malaysian companies owning more than 50% of equity in the former.

The rise in revenue comes in line with the increase in total number of affiliates abroad, which rose to 2,237 in 2019, up 0.9% compared to 2,217 in 2018. Over a decade, the number of affiliates has increased by 30.7% as it stood at 1,712.

The services sector contributed to 62.5% of the total revenue in 2019, amounting to RM209.5 billion, particularly in wholesale and retail trade, food and beverage and accommodation sub-sector.


The manufacturing sector came in second, making up 24.2% of total revenue, amounting to RM81 billion. The revenue from the sector was derived mainly from the sub-sector of petroleum, chemical, rubber and plastic products.

The smallest contributor to revenue came from the construction sector, amounting to RM6.2 billion in 2019.

In terms of region, Malaysian affiliates operating in Asia contributed slightly more than half of total revenue in 2019, amounting to RM188.9 billion. Second highest came from Europe, with turnover of RM56.7 billion, followed by the Africa region (RM44 billion).

Country wise, affiliates in Indonesia contributed the highest turnover of RM50 billion, followed by Singapore (RM39.2 billion) and the United Kingdom (RM38.1 billion).

It is also worth noting that the compensation of employees (COE) that were paid by Malaysian affiliates abroad increased to RM23.8 billion in 2019, 3.6% higher than RM23 billion in 2018. The largest contributor was from the services segment, representing 72.5% of the COE, particularly in financial services.

Similarly, the services sector was the largest employer with 153,140 persons employed by Malaysian affiliates aboard.

This was followed by the manufacturing sector of RM4.1 billion, largely in electrical, transport equipment and other manufacturing.

The agriculture sector, which accounted for the second-largest number of employees in affiliates abroad of 139,224 persons, paid only RM1 billion in 2019.
Quote:
NOTED
RM335.2 billion = $80.6 billion
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  #88  
Old Posted Sep 18, 2021, 6:10 PM
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Part 49: Tanzania | SMH Rail Sdn Bhd
Malaysia's first locally-produced locomotive by SMH Rail ready for export
By Farah Adilla - August 20, 2021 @ 6:07pm

Quote:
KUALA LUMPUR: SMH Rail Sdn Bhd has today unveiled its newly-manufactured locomotives and is poised to ship the first batch to its maiden export market soon.

The "H10 Series" of locomotives was built with advanced technology to reduce emission with "Towards Green Mobility" tagline, said SMH Rail, a rolling stock manufacturer and maintenance service provider.

SMH Rail chairman and managing director Datuk PK Nara said the first batch of the locomotives would be delivered to Tanzania Railways Corporation which had placed the order based on funding support from the World Bank.

"I am confident that these locomotives will bring enormous economic benefits to the African rail cargo industry.

"It is efficient in bridging connectivity, increases supply-chain access, accelerates industrialisation and promotes cross-border trade," Nara said at the virtual launch today.

He added that with more than 60 per cent of its content locally-manufactured in Malaysia, the H10 Series marked a cornerstone achievement of SMH Rail in the global rail industry.

SMH Rail said the H10 Series locomotives provided an intrinsic value to the environment and railway ecosystem together with innovation in design engineering that will fuel green operations.

"The H10 Series locomotives that were manufactured locally not only showcases Malaysia's expertise in rolling stock market but has also earned recognition by The Malaysian Book of Records as the 'First Made in Malaysia Locomotive' for the export market."

The company added that the H10 Series can potentially replace 100 cargo trucks, reduce carbon emissions by up to 75 per cent, lower highway congestion, and was four times more fuel-efficient than road freight transport on average.

"Its practical design ensures high reliability and availability for improved operational efficiency, increased haulage capacity and reduction of maintenance challenges, resulting in lower overall life cycle costs."

SMH Rail said with rapid growth in transport solutions, the H10 Series locomotives would enable a vision towards the future that is clean, fast and green.

The company added that it would continue to leverage opportunities and partnerships to develop its national and global footprint.
Malaysia's first locally-produced locomotive by SMH Rail ready for export | New Straits Times

SMH Rail Sdn Bhd/Siemens
Rasa, Selangor, Malaysia
H10 Series






Quote:
Rasa Plant, Hulu Selangor, Selangor


https://en.prnasia.com/releases/apac/63402-0.shtml
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  #89  
Old Posted Sep 22, 2021, 12:32 AM
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WORLD 2021
Part 50: UK/Australia | Eco World International Bhd
Eco World International's Q3 net profit plunges 93.4pct to RM2.49mil, revenue at RM127.13mil
By Ayisy Yusof - September 17, 2021 @ 6:33pm

Quote:
KUALA LUMPUR: Eco World International Bhd's net profit plunged 93.4 per cent year-on-year (YoY) in the third quarter (Q3) ended July 31, 2021, to RM2.49 million from 37.63 million posted a year ago.

In an exchange filing today, the property developer said this was mainly due to a lower share of results in the joint venture and higher finance cost following cessation of capitalisation of finance cost on general borrowings.

Its Q3 revenue plummeted 79.3 per cent YoY to RM127.13 million from RM615.44 million, dragged by lower revenue and profit recognition from Australia's Yarra One and West Village due to lesser handover of units sold to customers.

For the first nine month period, Eco World International's net profit increased 11.0 per cent to RM69.83 million from RM62.89 million, while revenue decreased 12.6 per cent to RM537.97 million from RM615.60 million.

The board believes demand for residential property in London, a significant employment centre, has room for further recovery, driven by the gradual return of workers to offices.

"Already there are some anecdotal signs of stronger demand for residential property in London where rental rate growth turned positive in the second quarter of 2021 for the first time since before the pandemic."

Meanwhile, the company said house prices in Sydney and Melbourne rose by 5.0 per cent to 6.0 per cent in the 12 months to July 2021.

"Low interest rates and lack of advertised supply could provide support to property prices, although the price growth momentum and property transaction volume may be affected by reintroduction of lockdown measures recently."

Eco World International said the lockdown measures would also likely be eased as the vaccination rate improves.

The Australian government has targeted to have 80 per cent of its adult population fully vaccinated by late- November 2021.

Regarding construction, the company said supply chain disruption and labour shortages have causing delays and driving cost pressures in the United Kingdom construction industry.

"However, the construction progress of the company's active projects in London are still largely on track. The build-to-rent (BtR) developments in Barking Wharf and Kew Bridge are expected to be completed in 2021, while the open market sales (OMS) units in Embassy Gardens Block A03 are scheduled to commence handover in the current financial year."

The handover of OMS units in Millbrook Park Phase II, Kew Bridge, Oxbow Phase 3B and Third and Caird are expected by the financial year ending October 31, 2022.
https://www.nst.com.my/business/2021...249mil-revenue

Millbrook Park


https://ecoworldlondon.com/places-to...ent/the-claves

Kew Bridge


https://ecoworldlondon.com/news-and-...rdo-kew-bridge

Oxbow Phase 3B


https://ecoworld.my/ecoworldsg/oxbow/

Third and Caird


https://ecoworld.my/ecoworldsg/third&caird/
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  #90  
Old Posted Sep 25, 2021, 2:25 PM
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Part 51: UK | Dagang NeXchange Bhd (DNeX)
DNeX completes acquisition of remaining 50% stake in UK-based greenfield asset
Justin Lim September 23, 2021 19:43 pm +08
Quote:
KUALA LUMPUR (Sept 23): Dagang NeXchange Bhd (DNeX), via its 90% owned subsidiary Ping Petroleum Ltd, has announced the completion of the acquisition of the remaining 50% interest in the UK North Sea Block containing the Avalon Oil Development.

The acquisition is from Summit Exploration and Production Ltd, a wholly-owned subsidiary of Sumitomo Corp, for an initial cash consideration of US$5 million (RM21.09 million) with further contingent payments, giving a total price of US$17 million (RM71.72 million).

In a statement today, DNeX said with 100% control of Avalon, the group has greater flexibility in executing the project in line with its growth strategy and diversification of assets.
https://www.theedgemarkets.com/artic...eenfield-asset
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  #91  
Old Posted Oct 1, 2021, 6:26 PM
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Part 67: Thailand | AirAsia
Thai AirAsia expands domestic network to 20 routes
Bernama October 01, 2021 14:40 pm +08
Quote:
BANGKOK (Oct 1): AirAsia has further expanded its network in Thailand to 20 routes this month in a bid to promote domestic tourism there.

The low-cost carrier said starting from this month, there are additional routes from the Don Mueang Airport to Phitsanulok, Nan, Loei, Sakon Nakhon, Surat Thani, Krabi, and Trang, along with regional connections Chiang Mai-Hua Hin (from Oct 15) and Chiang Mai-Phuket (from Oct 16).

“These are in addition to the 11 routes brought back into operation earlier in September, bringing the total routes for Thai AirAsia to 20 at present,” it said in a statement.
https://www.theedgemarkets.com/artic...work-20-routes
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  #92  
Old Posted Oct 1, 2021, 6:28 PM
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Part 67: Philippines | MY EG Services Bhd
MYEG's Philippines JV rolls out online payment services for income tax, economic zone fees
Adam Aziz September 28, 2021 19:18 pm +08
Quote:
KUALA LUMPUR (Sept 28): MY EG Services Bhd (MYEG) said its 40%-Philippines joint venture (JY) I-Pay MYEG Philippines Inc (MYEG Philippines) is rolling out two e-government services in the Philippines — the online payment of income tax to their Bureau of Internal Revenue, and the payment of fees to the Philippine Economic Zone Authority (PEZA).

The online income tax payment will be made available on MYEG Philippines' online portal from October this year, MYEG said.

"Made possible through a partnership with the Bureau of Internal Revenue, the service will enable Filipinos to fulfil their tax payment obligations without having to physically queue up at government counters," it said in a statement.
https://www.theedgemarkets.com/artic...omic-zone-fees
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  #93  
Old Posted Oct 1, 2021, 6:49 PM
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Part 51: China | Petroliam Nasional Bhd (Petronas)
Petronas to ship maiden carbon neutral LNG to China's Shenergy Group
By Azanis Shahila Aman - September 30, 2021 @ 1:03pm



Petronas said its subsidiary, Petronas LNG Ltd, had signed an agreement with Shenergy Group for the delivery of LNG cargoes from Petronas LNG Complex in Bintulu, Sarawak.
Quote:
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will deliver three carbon neutral liquefied natural gas (LNG) cargoes to China's Shenergy Group Company Ltd from October to March 2022.

Petronas said its subsidiary, Petronas LNG Ltd, had signed an agreement with Shenergy Group for the delivery of LNG cargoes from Petronas LNG Complex in Bintulu, Sarawak.

"The deal will see Petronas' first delivery of carbon neutral LNG to China," it said.

Petronas vice president of LNG marketing and trading Shamsairi Ibrahim said the group actively sought collaborations with buyers and end-users to achieve common sustainability goals.

"Petronas is proud to elevate our 15-year partnership with Shenergy that now includes the supply of carbon neutral LNG, reflecting our commitment in offering decarbonised LNG solutions to the market," said Shamsairi.

Shenergy vice president Wang Zhehong said as a long-term LNG partner and consumer of Petronas, the delivery aligned with China's ambition of hitting peak carbon dioxide emissions by 2030.

"This is a meaningful milestone for both our companies in our respective endeavours to be more environmentally conscious and reduce our carbon footprints," said Wang.

Shenergy remains a major LNG buyer and partner to Petronas since 2006 following the first long-term supply agreement with its subsidiary Shanghai LNG Co Ltd.

Petronas sustained its position as Shenergy's preferred LNG solutions provider when both parties concluded another new 12-year term deal last year.
https://www.nst.com.my/business/2021...shenergy-group
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  #94  
Old Posted Oct 5, 2021, 12:56 AM
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Part 52: UK | Hibiscus Petroleum Bhd
Hibiscus Petroleum remains committed to move development in the UK North Sea; proposes 1.0 sen dividend
Shazni Ong October 04, 2021 21:07 pm +08



Quote:
KUALA LUMPUR (Oct 4): Hibiscus Petroleum Bhd said its indirect wholly-owned subsidiary Anasuria Hibiscus UK Ltd (AHUK) remains committed to working with the UK Oil and Gas Authority (OGA) to move the Quad 15 area development in the UK North Sea forward.

"While any potential tieback by AHUK of the Crown discovery (within the Quad 15 area) to the common infrastructure provided through the Marigold development would probably be in line with the Maximising Economic Recovery (MER) strategy of the OGA, such an outcome is uncertain at this time," it said in a filing with Bursa Malaysia on Monday.

Hibiscus was clarifying the acquisition by AHUK of a 100% participating interest in the P2366 Licence in the UK North Sea from London-listed United Oil & Gas PLC and private oil and gas exploration firm Swift Exploration Ltd.

"Given that a common offtake solution has not been finalised for the area, AHUK is currently unwilling to commit to further investment in the Licence. AHUK had requested for a 12-month extension of Phase A of the Licence without further material financial commitments but after due consideration, the OGA was unable to accommodate AHUK’s request due to the terms of the Licence. Therefore, the Licence automatically terminated on Sept 30, 2021," it noted.

In a separate filing, Hibiscus has proposed a final dividend of 1.0 sen per share for the financial year ended June 30, 2021, subject to shareholders’ approval at the forthcoming annual general meeting.

The company had on Feb 22 declared its first interim dividend of 0.5 sen per share, which was paid on April 8.

Hibiscus shares closed one and a half sen or 2.11% higher at 72 sen on Monday, bringing a market capitalisation of RM1.45 billion. The stock has risen 45% in the past year.
https://www.theedgemarkets.com/artic...0-sen-dividend
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  #95  
Old Posted Oct 6, 2021, 2:43 AM
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Part 53: Taiwan | Petroliam Nasional Bhd (Petronas)
Petronas delivers its 50th LNG cargo
By Ayisy Yusof - October 5, 2021 @ 10:58am



Petroliam Nasional Bhd (Petronas) delivers its 50th liquified natural gas (LNG) cargo from its first floating liquefied natural gas (FLNG) facility, the Petronas Floating LNG Satu (PFLNG Satu).

Quote:
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has delivered its 50th liquified natural gas (LNG) cargo from its first floating liquefied natural gas (FLNG) facility, the Petronas Floating LNG Satu (PFLNG Satu).

The national oil company said the cargo was loaded on September 25 onto the Seri Cemara LNG carrier operated by MISC Bhd for shipment to Taiwan.

Petronas said the 50th cargo was a significant achievement, demonstrating the group's viability of offshore gas production with FLNG solutions.

The first FLNG cargo was produced from the Kanowit gas field, offshore Sarawak in 2017.
https://www.nst.com.my/business/2021...50th-lng-cargo
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  #96  
Old Posted Oct 7, 2021, 11:01 AM
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Part 54: Canada | Yinson Holdings Bhd
Yinson invests in Canadian firm to reduce reliance on fossil fuels
By Ayisy Yusof - October 6, 2021 @ 2:50pm
Quote:
KUALA LUMPUR: Yinson Holdings Bhd is set to lower or eliminate dependence on fossil fuels in marine and industrial applications by investing in Canada-based energy storage solutions provider Sterling PBES Energy Solutions Ltd.

The investment was made through Singapore-based Yinson Venture Capital Pte Ltd, which is a wholly-owned subsidiary of Yinson Green Technologies Pte Ltd (YGT).

Yinson said the investment suited firmly in YGT's strategy of investing in the marine electrification area, and closely aligned with the group's climate goals of achieving carbon neutrality by 2030 and net zero by 2050.

YGT and Sterling PBES have also entered into a memorandum of understanding (MoU) to form a joint venture to accelerate the large-scale rollout of Sterling PBES' solutions within selected countries in Southeast Asia and beyond.
https://www.nst.com.my/business/2021...e-fossil-fuels
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  #97  
Old Posted Oct 19, 2021, 10:39 AM
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WORLD 2021
Part 55: Kenya | Techna-X Bhd's (TXB)
Techna-X signs five-year technology partnership agreement with Kenya-based Pesapass Ltd
By NST Business - October 11, 2021 @ 6:15pm



Techna-X Bhd executive director Datuk Jared Lim says TISB has been working together with Pesapass to secure the RMS project from KWS for the past two years.
Quote:
KUALA LUMPUR: Techna-X Bhd's (TXB) wholly-owned subsidiary Touchpoint International Sdn Bhd (TISB) has secured a five-year exclusive technology partnership agreement with Pesapass Ltd, a company incorporated in Kenya, to license TISB's revenue management system (RMS) for Kenya Wildlife Service (KWS) and all of its 65 national parks and reserves.

The RMS developed for KWS will be known as the Safaripay Platform (Safaripay) and will be implemented across all of its managed parks which receive over two million visitors per year.

The combined ticketing revenue for all the parks managed by KWS is valued at up to RM500 million annually in a regular pre-Covid19 pandemic year.

TXB executive director Datuk Jared Lim said TISB has been working together with Pesapass to secure the RMS project from KWS for the past two years.

"This is touted as the largest RMS and one of the largest information technology (IT) system development in the history of Kenya.

"The RMS will help KWS to digitalise its entire revenue collection and management system, including online and onsite ticketing, facility and amenities reservations as well as consolidating and support for relevant existing third-party focused operations.

"At the same time, the RMS will reduce any potential revenue leakages, which means greater returns back to the Kenya wildlife and its community," Jared said in a statement today.

TISB will own all intellectual property rights of Safaripay, and in consideration of the licence for use by Pesapass, TISB will be entitled to a percentage of the total net revenue transacted over the platform.

TISB will also provide and support Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), cloud-hosted high specification secure digital wallet and revenue management payment solutions.

Safaripay will enable Pesapass to provide digital payments, revenue collection, connectivity devices, and loyalty propositions to KWS's merchandise retail clients across Pesapass's participating affiliates.

Jared said this agreement would be a great project showcase of TISB's capabilities to implement a large scale nationwide RMS development and augurs well for TXB as the agreement comes with an option of renewal for a further five years.

"This project is expected to be deployed in the fourth quarter of this year and holds a wide potential upside for TISB to implement other capabilities on Safaripay.

TISB will potentially be able to introduce additional technology elements into Safaripay, such as data analytics and Internet of Things (IoT) capabilities further to enhance the usefulness and efficiency in its system," Jared said.

This is the second project secured by TISB in the African continent.

The first is a five-year partnership with South Africa's Snappistore to provide a superapp platform that supports e-commerce businesses.

Both projects are implemented through a revenue-sharing system which will generate new and sustainable income streams for TXB as the company continues to capitalise on the market growth and rapid economic recovery in the region post-Covid-19.
https://www.nst.com.my/business/2021...nt-kenya-based

Last edited by nazrey; Oct 19, 2021 at 11:58 PM.
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Old Posted Oct 20, 2021, 12:00 AM
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WORLD 2021
Part 56: France | Ministry of International Trade and Industry (MITI)
Malaysia's trade mission to France generates RM2.6b potential investment
Bernama October 18, 2021 13:13 pm +08
Quote:
KUALA LUMPUR (Oct 18): The latest trade and investment mission to France has successfully generated total potential investment of RM2.6 billion and RM300 million worth of potential exports, according to the Ministry of International Trade and Industry (MITI).

This validates the success of Malaysia’s continuous efforts in attracting quality investment and in enhancing participation of local companies in the high-value global supply chain, the ministry said.

“The strong interest shown by French companies garnered during the mission serves as a major catalyst in expanding the bilateral trade and investment relations, most notably in areas that support the sustainable and green agenda advocated by both nations,” it said in a statement here on Monday.

The mission to France, which took place from Oct 15-17, was led by MITI and Senior Minister Datuk Seri Mohamed Azmin Ali. Among others, the Malaysian delegation also had a series of one-to-one sessions with French companies, notably Airbus, Saint-Gobain, Adisseo group, Prolaser and InnovaFeed.

During these sessions, the French enterprises showed great interest to continue making Malaysia their business partner in the aerospace, biotechnology, advanced chemical, medical device, halal product and the construction sectors, said the ministry.

According to the statement, Mohamed Azmin also had a bilateral meeting with Minister Delegate for Foreign Trade and Economic Attractiveness Franck Riester in Paris.

During the meeting, Mohamed Azmin highlighted opportunities in Malaysia’s growing green technology sector and Malaysian industry players’ capabilities in this high-value sector.

Both ministers had an engaging discussion on topics of mutual interest, including economic recovery strategies in the endemic phase, advancing reforms at the World Trade Organisation (WTO), leveraging Malaysia’s position in the mega Regional Comprehensive Economic Partnership (RCEP) agreement, and investment and commercial opportunities in renewable energy.

The Malaysian delegation also commended France’s renewed interest in the Southeast Asian region, including Malaysia, and saw this new development as a pathway to further strengthen ties between both nations.

The delegation welcomed France’s growing interest in this region as the republic is set to assume the presidency of the Council of the European Union during the first half of 2022.

Mohamed Azmin also witnessed the signing of a memorandum of understanding between the Malaysian Investment Development Authority (MIDA) and Mouvement des Enterprises de France (MEDEF) International.

The strategic partnership between MIDA and MEDEF International would complement Malaysia’s National Investment Aspirations through expanded cooperation aiming to facilitate the nation’s industrial ecosystem with catalytic infrastructure and new technologies.
https://www.theedgemarkets.com/artic...ial-investment
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Old Posted Oct 20, 2021, 12:02 AM
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WORLD 2021
Part 57: Bangladesh | Edra Power Holdings Sdn Bhd
Edra wins bid to build 600MW power plant in Bangladesh
Bernama October 19, 2021 15:20 pm +08

Quote:
KUALA LUMPUR (Oct 19): The consortium of Malaysia’s Edra Power Holdings Sdn Bhd and Bangladesh’s Winnievision Power Ltd (Edra-WPL) has secured a contract to build a 660-megawatt (MW) power plant in the South Asian nation.

This engineering, procurement and construction contract to build the liquified natural gas (LNG)-based combined cycle power plant was awarded by Bangladesh's Cabinet Committee on Government Purchase (CCGP) recently to supply electricity to the national grid, according to Bangladesh’s Daily Sun newspaper.

Bangladesh’s power plants heavily favour natural gas, generating around 65% of its electricity using domestic natural gas as a source. And with domestic natural gas fields depleted, the government plans to increase the use of imported LNG.

The country’s electrical generation capacity has increased from about five gigawatts in 2009 to 25 gigawatts in 2021 to meet the country’s ever-growing demand for electricity, while access to energy has expanded to nearly 95% of the population.

It was reported that the state-owned Bangladesh Power Development Board will be the sole off-taker from the plant to supply electricity to the national grid for 22 years.

Edra, with two combined-cycle gas turbine power plants, is the second-largest independent power producer in Bangladesh.

According to a source from Edra’s Dhaka office, having new assets means Edra’s employees can be redeployed from its expiring assets.

Edra’s commitment to the countries that it is operating in is said to be evident in its long-term operations and active role in community development that have seen the creation of job opportunities and economic activities.
https://www.theedgemarkets.com/artic...ant-bangladesh
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Old Posted Oct 20, 2021, 12:05 AM
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ASEAN 2021
Part 68: Vietnam | Gamuda Bhd
Gamuda acquires 5.6 hectares of land in Vietnam for US$53.9m, plans US$117m project
Esther Lee October 18, 2021 14:22 pm +08

Quote:
KUALA LUMPUR (Oct 18): Gamuda Bhd’s wholly-owned sub-subsidiary in Vietnam, Gamuda Land HCMC Joint Stock Company, has acquired 5.6 hectares of land in Binh Duong New City, Vietnam for US$53.88 million.

The piece of land was acquired from Binh Duong Trade and Development Joint Stock Company — a state-owned company established in 2015 and listed on Ho Chi Minh City Stock Exchange.

Notably, Gamuda acquired the tract of land at US$2.3 million less than its market value of US$56.1 million.

The purchase consideration will be funded through internally generated funds.

In an announcement to the stock exchange on Monday, Gamuda announced that the land, which is along Le Hoan Street, is part of a 2,600-acre integrated township that is set to be the administrative centre of the nation’s affluent Binh Doung province in Vietnam.

The group intends to build 349 units of landed properties, being a mix of townhouses and shophouses, catered for the local market.

The development will leverage the presence of numerous educational institutions in its vicinity, including the Vietnamese-German University and Singapore International School, as pull factors for family households and a high-quality workforce.

In a separate statement, Gamuda Land’s chief executive officer Ngan Chee Meng said the project will have a gross development value of US$117 million (RM495 million), and contribute to group earnings as it continues to focus on high-value opportunities in overseas markets, such as Australia and Vietnam.

“Our investment in Binh Duong New City is emblematic of Gamuda Land’s strategic approach to its international projects to diversify earnings. In addition, the acquisition presents a low risk profile with minimal impact on group net gearing, reinforcing the sustainability of our presence in Vietnam while opening up possibilities for future collaborations,” he added.

Binh Duong New City, which is located 32km away from Ho Chi Minh City, is also connected to various major routes, including the upcoming Mass Rapid Transit and the Bus Rapid Transit networks and the planned North-South Railway.

The group said the Binh Duong acquisition is in line with Gamuda’s emphasis on international projects in its portfolio, which accounted for two-thirds of its property sales in FY21.

“This strategy has seen the group through the challenging economic outlook of recent quarters, providing stable lines of revenue amid weaker sentiment and currency fluctuations in the domestic market,” it said.

Gamuda further rationalised that Vietnam is known as a country with young demographics and a growing middle-income group as disposable income grows in tandem with the economy.

“Gamuda remains committed to deepening its presence in the Vietnamese market, which presents an attractive proposition to international developers thanks to strong fundamentals.

“These include consistent gross domestic product (GDP) growth of 6-7% in recent years, a population of more than 104 million by 2030, high yields for property investments and relatively affordable land prices, as well as the introduction of conducive foreign ownership regulations in 2015,” it further said.

The acquisition is expected to be completed by the third quarter of 2022.

At noon break, Gamuda was down 0.3% to RM3.31, valuing the company at RM8.32 billion.
https://www.theedgemarkets.com/artic...vietnam-us539m
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