Government auditors have flagged a material uncertainty on the ability of five subsidiaries of Pertubuhan Berita Nasional Malaysia (Bernama) to continue as a going concern, which resulted in the national news agency itself getting its second consecutive qualified opinion from the auditors on its financial statements for the year ended Dec 31, 2021 (FY2021).

AG raises going-concern doubts over five Bernama subsidiaries

KUALA LUMPUR (Aug 30): Petroliam Nasional Bhd (Petronas) is keenly waiting for Argentina’s Congress to complete the legislative process of a law relating to the liquefied natural gas (LNG) industry before deciding whether to proceed with its plans to collaborate with the Latin American nation’s s...

Petronas: Final decision on venture in Argentina depends on new LNG law

Petroliam Nasional Bhd (Petronas) posted a 29% drop in profit after tax (PAT) for its second quarter ended June 30, 2023 (2QFY2023) to RM16.4 billion from RM23 billion in the corresponding quarter a year ago, as average realised prices for all products fell amid lower crude oil prices, which are down 26% year-on-year.

Petronas profit falls 29% in 2Q to RM16b amid lower oil prices, which it expects to remain in near term 

Malayan Banking Bhd (Maybank) will soon present its first transition finance framework, according to the bank’s chief sustainability officer Shahril Azuar Jimin, in order to better cater to Malaysia’s energy transition financing needs in a just and equitable manner.

Maybank to unveil transition finance framework soon, says sustainability officer

KUALA LUMPUR (Aug 29): The government has not ruled out the use of nuclear energy to achieve Malaysia’s energy transition targets, according to Minister of Economy Rafizi Ramli, as well as Natural Resources, Energy and Climate Change Minister Nik Nazmi Nik Ahmad.

Nuclear still on the cards in Malaysia’s energy transition

Natural Resources, Energy and Climate Change Minister Nik Nazmi Nik Ahmad has called for Tenaga Nasional Bhd (TNB) to serve the government with a plan for the development of the nation’s grid to cater for the ongoing energy transition.

Energy minister urges TNB to provide grid development plan

Waste-to-energy (WTE) plants are burdened by extra capital expenditure (capex) to handle waste matter that are typically moist, said Cypark Resources Bhd senior director Achmat Nadhrain Ibrahim.

Higher capex required for waste-to-energy plants in Malaysia as most waste matter ‘moist’, says Cypark director 

The adoption of electric vehicles (EVs) in Malaysia has outpaced the nation’s deployment of charging infrastructure, according to Shah Yang Razalli, deputy CEO and chief green mobility officer of Petronas' wholly owned clean energy solutions company, Gentari.

EV adoption in Malaysia outpacing charger deployment, says Gentari deputy CEO

Malaysia’s fuel subsidy policy is contradictory to its promotion for the adoption of electric vehicles (EVs) and hampers the country's overall push for more EV use, according to Gentari deputy CEO and chief green mobility officer Shah Yang Razalli.

Malaysia’s fuel subsidy holding back EV adoption, says Gentari deputy CEO

It is imperative for developed nations to uphold their duty of supporting their developing counterparts in the global energy transition or risk humanity’s future, said Natural Resources, Energy and Climate Change Minister Nik Nazmi.

Nik Nazmi: Developed nations bear responsibility for aiding developing counterparts in energy transition

Russia's Vladimir Putin on Saturday apologised to Azerbaijan's president for a "tragic incident" which happened in Russian airspace involving an Azerbaijan Airlines passenger plane that crashed after air defences were used against Ukrainian drones.

Putin apologises to Azerbaijan's Aliyev over 'tragic incident' with plane in Russian airspace

Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.

Singapore oil mogul declared bankrupt after empire collapsed

The recent Court of Appeal decision in the case of Zuraida Bte Kamaruddin v Saifuddin Nasution bin Ismail stirred interest not just within the legal fraternity but caused public disquiet due to its wide-reaching implications on the political scene and society at large.

Establishing the reasonable price of disloyalty

British Prime Minister Keir Starmer has asked the country's regulators, including the financial and competition watchdogs, to remove barriers to growth in an effort to revive a sluggish economy, Sky News reported on Saturday.

UK's Starmer asks regulators to prioritise economic growth — report

The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday.

Next ECB rate cut could be longer in coming, Holzmann says

China’s central government urged local authorities to offer handouts to people struggling with the cost of living, Xinhua News Agency reported, citing a notice from the Ministry of Civil Affairs.

China urges local govts to give cash handouts for New Year — report

All applications for pardons related to offences committed in the Federal Territories of Kuala Lumpur, Labuan and Putrajaya must be submitted to the Pardons Board, which is chaired by the King, said the Attorney General's Chambers (AGC).

AGC: All applications for pardons in Federal Territories must be made to Pardons Board

The future of gas transit through Ukraine is at a turning point. If a last-minute deal isn’t struck by Wednesday, billions of cubic meters in gas flows could come to a halt.

Ukraine-Russia gas transit deal faces critical moment of truth

Japan’s financial regulator ordered AEON Bank Ltd to fix its anti-money laundering system, saying it failed to detect and report suspicious activities by clients.

Japan's regulator orders AEON Bank Japan to fix money laundering gaps

Inspector-General of Police Tan Sri Razarudin Husain filed a RM3 million defamation lawsuit against blogger Wan Muhammad Azri Wan Deris, better known as Papagomo.

IGP files defamation suit against Papagomo

Russia's Vladimir Putin on Saturday apologised to Azerbaijan's president for a "tragic incident" which happened in Russian airspace involving an Azerbaijan Airlines passenger plane that crashed after air defences were used against Ukrainian drones.

The recent Court of Appeal decision in the case of Zuraida Bte Kamaruddin v Saifuddin Nasution bin Ismail stirred interest not just within the legal fraternity but caused public disquiet due to its wide-reaching implications on the political scene and society at large.

Izzul Ikram & Adam Aziz

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