<div class=newsTextDataWrapInner><p>(Aug 19): Malaysia's reNikola Holdings is planning to invest over US$240 million (RM1 billion) to develop 40 compressed biomethane gas projects in Indonesia, the renewable energy company said on Monday in a statement.</p></div>

<div class=newsTextDataWrapInner><p>The Kuala Lumpur-headquartered company said its subsidiary PT reNikola Primer Energi planned to develop the projects with PT Perkebunan Nusantara IV, a division of Indonesia's state-owned agricultural enterprise Perkebunan Nusantara.</p></div>

<div class=newsTextDataWrapInner><p>reNikola also announced it signed an agreement with Perkebunan Nusantara IV to build, own, operate and transfer a compressed biomethane gas project in North Sumatra.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>reNikola owns and operates solar plants across Malaysia and Indonesia with a combined generating capacity of 220 megawatts and aims to expand its capacity to one gigawatt-peak, according to its statement.</p></div>

<div class=newsTextDataWrapInner><p>The company said it would collaborate further with Indonesian state-owned companies like Perusahaan Gas Negara and Perusahaan Listrik Negara to support Indonesia's goal of achieving a 26% renewable energy mix by 2030.</p></div>

<div class=newsTextDataWrapInner><p>The group is exploring alternatives such as large-scale solar and hydro projects as replacements for conventional fossil fuels, with a focus on the bioenergy sector, it added.</p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


Malaysia's reNIKOLA Holdings is planning to invest over US$240 million (RM1 billion) to develop 40 compressed biomethane gas projects in Indonesia, the renewable energy company said on Monday in a statement.

Malaysia's reNikola to invest over US$240m in compressed biomethane gas projects in Indonesia

Pharmaniaga Bhd (KL:PHARMA) now expects to secure the approval from Bursa Malaysia for its regularisation plan by next month, according to managing director Zulkifli Jafar.

Pharmaniaga now eyes Bursa approval for regularisation plan by next month

PUTRAJAYA (Sept 19): The Court of Appeal (COA) has allowed on Thursday for a joint hearing of the Federal Territory (FT) Land Registrar’s and Semantan Estate (1952) Sdn Bhd’s opposing appeals on the “Duta enclave” issue on Nov 7 this year.

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The number of micro, small and medium enterprises (MSME) increased from 907,065 in 2015 to 1,069,831 in 2022, with a compound annual growth rate (CAGR) of 2.4%, according to the Department of Statistics Malaysia (DOSM).  

In a statement Thursday, DOSM said the services sector led with 936,793 establishments (87.6%), followed by construction with 69,015 (6.5%) and manufacturing with 51,481 (4.8%).

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Transparency International Malaysia (TI-M) is calling on the Malaysian government to set up an independent expert panel to monitor the delivery of the Mass Rapid Transit 3 (MRT3) project.

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KUALA LUMPUR (Sept 19): theedgemalaysia.com highlighted one stock with positive momentum and one stock with negative momentum at Bursa Malaysia’s afternoon close on Thursday.

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Singapore stocks are on track for their highest close since 2007 as the prospect of lower interest rates lifts the city-state’s real estate investment trusts, and adds to the appeal of the high-yielding market.

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<p>US equities will climb through the rest of the year with the Federal Reserve’s (Fed) aggressive interest-rate cut bolstering the chances of a soft landing for the economy, according to a survey of <em>Bloomberg Terminal</em> subscribers.</p>


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<p>Data centre operator Princeton Digital Group (PDG) bought land in India, Malaysia and Indonesia and secured power supply for the sites to boost its capacity by nearly 50%, seeking to capitalise on rising demand for artificial intelligence (AI) services.</p>


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<p>Shares of Solar District Cooling Group Bhd (KL:SDCG) surged 32% in ACE Market trading debut on Thursday as investors scrambled for a piece of the building management systems company.</p>


Solar District Cooling surges 32% in ACE Market trading debut

<p>Boeing said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes.</p>


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<p>Bina Darulaman Bhd (KL:BDB) said the resignation of its external auditor KPMG four months after its reappointment “is part of a routine governance practice” following the extension of its tenure.</p>


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<p>The second trial of Vietnamese real estate tycoon Truong My Lan, already facing the death penalty for massive fraud, began Thursday morning, underscoring the new Communist Party chief’s determination to press ahead with a crackdown on corruption.</p>


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<p>Taiwan denounced China on Thursday for suspending tariff exemptions on agricultural imports from the island, saying it was "economic coercion" and not conducive to improving relations.</p>


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<p>Australia’s latest attempts to solve its housing crisis are stuck in political gridlock as the amount of available rental space in the nation hovers near a record low.</p>


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<p>The government is actively negotiating for an amicable solution over the ‘Duta enclave’ conundrum, the court heard on Thursday.</p>

<p>Negotiations have been ongoing and “actively progressing”, senior federal counsel Shamsul Bolhassan told a three-member Court of Appeal bench led by judge Datuk Lee Swee Seng, following a court order last month to transfer the land to the liquidators of Semantan Estate (1952) Sdn Bhd.</p>


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<p>New Zealand faces another recession after the economy contracted in the second quarter, albeit less than economists and the central bank expected.</p>


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<p>HONG KONG (Sept 19): China’s commerce minister said on Wednesday that Beijing will continue to negotiate "until the last minute" on the European Union’s (EU)&nbsp;electric vehicle (EV) probe, with the investigation undermining confidence of Chinese companies investing in Europe.</p>


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<p>His Majesty Sultan Ibrahim, King of Malaysia departed for China this morning for a four-day state visit at the invitation of President Xi Jinping.</p>


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<p>Amazon.com is raising the pay of its fulfilment and transportation staff in the US by at least US$1.50 (RM6.39) an hour and handing out free Prime memberships as benefits, it said on Wednesday.</p>


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<p>Elon Musk’s X skirted a ban of the social media network in Brazil though an automatic update of its software, an association of Brazilian internet providers said Wednesday.</p>


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<p>Vietnam will remove a requirement for full pre-funding on equity transactions of foreign investors from Nov 2, its finance ministry said, the country's latest effort to boost the chances to be reclassified as an emerging market.</p>


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<p>（吉隆坡19日讯）今日在大马交易所创业板上市的Solar District Cooling Group Bhd（KL:SDCG），以50仙迎市，较首次公开募股（IPO）发售价38仙，溢价32%。</p>
