<div>This article first appeared in <em>The Edge Financial Daily</em>, on March 31, 2017.<br />
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<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Malaysia’s feed-in-tariff for renewable energy is lower compared with other countries because the operators in those countries apply a different cost structure, said Energy, Green Technology and Water Minister Datuk Seri Panglima Maximus Johnity Ongkili.</p></div>

<div class=newsTextDataWrapInner><p>“We brought in consultants from the Sustainable Energy Development Authority and held consultations.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“We compared the costs or tariffs granted in other countries to ensure a satisfactory return for the capital,” he said in response to a query from Nurul Izzah Anwar (PKR-Lembah Pantai) as to why the tariff in Malaysia is higher than those in neighbouring countries.</p></div>

<div class=newsTextDataWrapInner><p>Nurul Izzah pointed out that Malaysia’s feed-in-tariff was US$0.05 (RM0.22)-US$0.1 per kWh compared with US$0.13-US$0.22 in Indonesia and US$0.12-US$0.19 in Thailand.</p></div>

<div class=newsTextDataWrapInner><p>Ongkili said Malaysia’s renewable energy producer could also earn bonuses other than the regular feed-in-tariff.</p></div>


This article first appeared in The Edge Financial Daily, on March 31, 2017.

 

KUALA LUMPUR: Malaysia’s feed-in-tariff for renewable energy is lower compared with other countries because the operators in those countries apply a different cost structure, s...

Malaysia’s feed-in-tariff lower than others due to differing cost structure

The High Court has dismissed an application by a local egg importer to begin contempt proceedings against former minister Datuk Seri Azmin Ali.

Judicial Commissioner Leong Wai Hong has denied the application by J&E Advance Tech Sdn Bhd in its lawsuit against Azmin over his comments that the company won a project from the government through direct negotiations to import eggs from India.

Court denies application by egg importer to cite Azmin for contempt

TOKYO (Sept 2): Japanese corporate spending on plant and equipment rose at a faster pace in the second quarter, keeping alive expectations of a domestic-led recovery in economic growth and supporting the case for more interest rate increases over coming months.

Japan’s 2Q capex rises strongly, signals solid domestic demand

While Brent crude oil prices have been holding steady above the US$75 per barrel level this year, other uncertainties are looming, casting a dark cloud over the local oil and gas (O&G) sector.

For one thing, the ongoing negotiations for Petroleum Sarawak Bhd (Petros), which is looki...

Petros’ takeover of gas activities and Opec cuts cast shadow over local O&G sector

In The Edge Malaysia this week — our one-on-one interview with United Overseas Bank’s third generation leader Wee Ee Cheong.

EDGE WEEKLY: UOB on driving business through values and culture

KUALA LUMPUR (Sept 2): Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), signed a memorandum of understanding (MOU) with Trendcell Sdn Bhd to open Jaya Grocer at Gamuda Cove in Kuala Langat. The store will be the anchor tenant of Cove Centrum, the commercial component of the township, and occupy 24,000 sq ft of space.

Gamuda Land welcomes Jaya Grocer as anchor tenant at Cove Centrum of Gamuda Cove

KUALA LUMPUR (Sept 2): New Zealand and Malaysia have agreed to expand bilateral trade value by 15% by 2030, said New Zealand Prime Minister Christopher Luxon on Monday.

New Zealand, Malaysia to increase bilateral trade value by 15% by 2030

Khazanah Research Institute (KRI) has proposed setting up a central national artificial intelligence (AI) agency to oversee and implement Malaysia’s AI strategy, along with creating an agile regulatory framework capable of adapting to the country’s AI adoption.

Khazanah Research Institute proposes central national AI agency

GXS Bank Pte Ltd group CEO Muthukrishnan Ramaswami has set a target for the firm — to break even by 2026. With a committed capital injection of S$1.9 billion (RM5.7 billion) into its Malaysia and Singapore entities, it will need a balance sheet of about S$1.5 billion in deposits and S$2 billion i...

Feature: GXS Bank rolls out new products, aiming to break even in 2026

The sinkholes that have appeared in Kuala Lumpur in recent weeks are not a new phenomenon. Back in 2014, a series of land depressions and sinkholes all over the city caused disruptions to traffic and the construction of the MRT Kajang Line.

While the cause of the depressions and sinkhol...

Frankly Speaking: Get serious about KL’s underground conditions

KUALA LUMPUR (Sept 2): Shares of SAM Engineering and Equipment (M) Bhd (KL:SAM) declined sharply on Monday, and fell to their lowest in more than four months, after the precision machining company posted weak results.

SAM Engineering shares fall 13% over four-month low as results disappoint

<p>Following the&nbsp;network reduction announcement on Aug 24,&nbsp;Malaysia&nbsp;Aviation Group Bhd (MAG), the parent company of&nbsp;Malaysia&nbsp;Airlines Bhd,&nbsp;said all necessary flight cancellations for August to December this year have been completed.</p>


Malaysia Airlines completes flight cancellations under network reduction exercise

<p>KUALA LUMPUR (Sept 2): DRB-Hicom Bhd (KL:DRBHCOM) said it has received a notice of assessment from the Inland Revenue Board (LHDN), amounting to RM246.25 million for the year of assessment 2020.</p>


LHDN seeks RM246m from DRB-Hicom for Alam Flora stake sale

<p>KUALA LUMPUR (Sept 2): The potential revival of the MRT 3 project, alongside revivals in other government infrastructure, point towards a better year for the construction sector going into FY2025, CGS International said.</p>


Revival of MRT3 may point towards a better year for construction sector — CGS

<p>KUALA LUMPUR (Sept 2): Shares of SAM Engineering and Equipment (M) Bhd (KL:SAM) suffered the biggest single-day decline in more than two years amid fallout from safety troubles at Boeing and Airbus.</p>


SAM Engineering shares log worst day in 30 months as Boeing, Airbus troubles drag

<p>Kenanga Investment Bank Bhd (KL:KENANGA) said on Monday it has acquired an 8% stake in Singaporean fintech firm Helicap Pte Ltd at an undisclosed price.</p>


Kenanga acquires 8% stake in Singaporean fintech firm Helicap

<p>Shares of Notion VTec Bhd (KL:NOTION) rose as much as 23 sen or 24.21% in active trade on Monday morning, extending gains for the third straight trading day after three weeks of selloff.</p>


Notion VTec shares rebound, up 24%

<p>China has threatened severe economic retaliation against Japan if Tokyo further restricts sales and servicing of chipmaking equipment to Chinese firms, complicating US-led efforts to cut the world’s second-largest economy off from advanced technology.</p>


China warns Japan of 'severe' retaliation for possible new chip curbs

<p>KUALA LUMPUR (Sept 2): Malaysia appears to be taking pole position in securing investments in&nbsp;Asean’s semiconductor-chip race&nbsp;due to its established supply chain, talent pool, abundant land and energy, as well as affordable business costs, said Maybank Investment Bank Bhd (Maybank IB).&nbsp;</p>


Malaysia taking the lead in Asean’s semiconductor chip race investments — Maybank IB

<p>The Kuala Lumpur International Airport (KLIA) aerotrain, which links the satellite buildings with the main airport terminal, is expected to resume operations by Jan&nbsp;31, 2025.</p>


KLIA aerotrain to resume operations by Jan 31, 2025 — Loke

<p>KUALA LUMPUR (Sept 2): Kelantan, Terengganu, Kedah and Perlis have set up a joint company as part of the collaboration between the four Opposition states, said their adviser Tun Dr Mahathir Mohamad.</p>


Kelantan, Terengganu, Kedah, Perlis set up joint company to share revenue — Mahathir

<p>The recently soft-launched Elmina Lakeside Mall attracted over 180,000 patrons throughout its opening week from Aug 22 to 29.</p>

<p>Situated in the heart of Elmina City Centre in Shah Alam, Selangor, the mall has achieved over 98% tenancy with Jaya Grocer and Harvey Norman serving as anchor tenants. Elmina Lakeside Mall is Sime Darby Property Bhd's (KL:SIMEPROP) second wholly owned mall after KL East Mall.</p>


Elmina Lakeside Mall attracts over 180,000 during opening week

<p>WOODPECKERS Group Sdn Bhd, the food and beverage (F&amp;B) group that holds the master franchise rights for Spanish frozen yoghurt chain Llao Llao in Malaysia, is eyeing an initial public offering (IPO) on the Main Market of Bursa Malaysia amid an expansion plan to bring the group to the next lev...

Llao Llao Malaysia master franchise holder intensifies growth plans, aims for Bursa listing

<p>KUALA LUMPUR (Sept 2): Stable fossil fuel prices (ie gas and coal) will have a positive impact on Tenaga Nasional Bhd (KL:TENAGA) and Malakoff Corporation Bhd (KL:MALAKOF), according to a note by BIMB on Monday. However, BIMB stayed “neutral” on Gas Malaysia Bhd (KL:GASMSIA) and Petronas Gas Bhd (KL:PETGAS).</p>


BIMB: Stable fuel prices to benefit Tenaga and Malakoff; stays neutral on Gas Malaysia, PetGas

<p>Binastra Corp Bhd (KL:BNASTRA), formerly known as Comintel Corp Bhd, has secured a RM235.5 million contract from Mightyprop Sdn Bhd to undertake construction work for a 39-story serviced apartment in Petaling Jaya, Selangor.</p>


Binastra wins RM235m contract to build 39-storey apartment in PJ

<p>KUALA LUMPUR (Sept 2): CGS International kept its “overweight” call on banks, premised on the re-rating catalysts from further write-back in management overlay, improved outlook for net interest margin, and increases in banks’ dividend payout ratios.</p>


CGS maintains ‘overweight’ rating on banks, citing write-backs and other catalysts

<p>Prime Minister Datuk Seri Anwar Ibrahim has called for the immediate implementation of public service reform.</p>

<p>"You can expect September to be a month of more vigorous reform movements.</p>


'Vigorous' public service reform this month — PM

<p>Malaysia’s manufacturing activities remained muted in August&nbsp;amid subdued demand, while latest data suggested that the coming months are also likely to remain soft, S&amp;P Global said on Monday.</p>


Malaysian manufacturing sector stays muted in August's PMI

<p>Just as it was all going smoothly for Malaysia Aviation Group Bhd (MAG), the parent company of Malaysia Airlines Bhd, it has been hit by a series of problems that threatens to unravel years of progress.</p>

<p>MAG had emerged from a successful debt restructuring with a strong post-pandemic bal...

Frankly Speaking: Malaysia Airlines recovery hits bumps

<p>MN Holdings Bhd (KL:MNHLDG) has significantly expanded since its initial public offering (IPO) in April 2022. Within just two years of its flotation exercise, the group’s order book has grown more than threefold to RM568.5 million, compared with RM172.2 million in March 2022.</p>

<p>This surge...

Data centre boom fuels MN Holdings’ growth

<p>Currency strategists have had a radical rethink on the trajectory of the yen in the wake of the Bank of Japan’s (BOJ) interest rate hike in July and the Federal Reserve’s (Fed) recent signalling of looming cuts in US borrowing costs.</p>
