<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 13): French energy giant TotalEnergies and MK Land Holdings Bhd (KL:<a href="/askedge/klse/8893" class="ce-stock" target="_blank">MKLAND</a>) said they have achieved financial close for a solar project in Kulim, Kedah.</p></div>

<div class=newsTextDataWrapInner><p>The project financing facility of about RM145 million was arranged with BNP Paribas as the sole mandated lender, TotalEnergies said in a statement on Wednesday. A notice-to-proceed has been issued for construction of the power plant that could generate up to 30MW.</p></div>

<div class=newsTextDataWrapInner><p>The entire output will be sold under 21-year long-term power purchase agreements to “major technology and industrial players in Malaysia", TotalEnergies said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>A notice-to-proceed is usually issued to contractors to begin work once financial close — confirming key funding, contractual arrangements, government approvals and stakeholder consents — has been achieved.</p></div>

<div class=newsTextDataWrapInner><p>MK Land controls 51% while TotalEnergies has a 49% stake in the project awarded in Aug 2023 under the Corporate Green Power Programme.</p></div>

<div class=newsTextDataWrapInner><p>The solar plant will see the installation of 80,000 photovoltaic panels across 115 acres and the project will include the development of a new loop-in-loop-out substation.</p></div>


French energy giant TotalEnergies and MK Land Holdings Bhd (KL:MKLAND) said they have achieved financial close for a solar project in Kulim, Kedah.

TotalEnergies, MK Land achieve financial close for Kulim solar project, to start construction works 

A large plume of smoke was visible near Riyadh's main airport on Saturday after booms were heard and Saudi Arabia sent alerts overnight warning of potential danger around the capital, amid an escalation in attacks by Yemen's Houthi group.

Flames, smoke seen near Riyadh airport after Saudi warning of aerial attack threat

As Europe heads into winter, electricity markets are flashing their strongest warning since the energy crisis.

Europe’s winter power surge is biggest since energy crisis

Denmark and Greenland on Saturday said any agreement with the US would not compromise Greenland's sovereignty, after President Donald Trump said the deal would give Washington "permanent control" over the Arctic island's security, leaving its precise scope unclear.

Greenland, Denmark say US deal will not cede sovereignty

Artificial intelligence (AI) could lift European productivity by about 1% over five years, but risks widening inequality, straining power networks and increasing dependence on foreign technology unless governments deepen economic integration, an International Monetary Fund (IMF) paper said.

IMF tells EU ministers AI could boost growth but increase economic strains

DAP secretary general Anthony Loke on Saturday offered to resign as transport minister while his DAP colleagues in the Cabinet will remain in their positions.

Najib house arrest: Loke says he's the only one DAP minister to resign to prevent govt collapse as some would want it to happen

A total of 17 areas nationwide recorded air pollutant index (API) readings at unhealthy levels as of 4pm on Saturday.

Haze: 17 areas nationwide record unhealthy air pollutant index readings as of 4pm

The Prisons Department has not yet received an official letter notifying it of the Pardons Board’s decision on the conditional pardon for former prime minister Datuk Seri Najib Razak.

Prisons Dept yet to receive official letter on Pardons Board decision — Saifuddin Nasution

A group of more than a dozen civil society organisations has called for immediate and full disclosure of the royal pardon for Datuk Seri Najib Razak.

Citizen groups demand full disclosure of documents on Najib’s pardon

Pakatan Harapan (PH) Melaka is finalising negotiations with parties that have similar aspirations, including Parti Pribumi Bersatu Malaysia (Bersatu), to form a PH Plus collaboration to contest the Melaka State Election.

Melaka PH, Bersatu in talks to form ‘PH Plus’ for state election, says Adly

Two vehicles bearing the Prisons Department logo were seen entering the compound of former prime minister Datuk Seri Najib Razak’s residence in Langgak Duta here on Saturday.

Two prison dept vehicles seen entering Najib’s Langgak Duta residence

<p>China opened investigations into four online hotel and travel booking platforms over suspected practices that may undermine fair competition and merchants’ rights, extending a broader regulatory crackdown on the sector.</p>


China opens probes into four online travel booking platforms

<p>DAP secretary general Anthony Loke on Saturday offered to resign as transport minister while his DAP colleagues in the Cabinet will remain in their positions.</p>


<p>A sukuk programme of Zetrix AI Bhd (KL:ZETRIX) has been placed under a rating agency’s watchlist after the forced selling of its founder’s shares and as borrowings ballooned.</p>


Zetrix AI’s sukuk programme on MARC watchlist after founder’s forced selling

<p>The Malaysian Anti-Corruption Commission (MACC) has confirmed that it recorded the statement of former Felda chairman Datuk Mohd Isa Abdul Samad at Sungai Buloh Prison on Sept 17 to assist investigations into the Op Fella case.</p>


OP Fella probe: MACC records Isa Samad’s statement

<p>A total of 17 areas nationwide recorded air pollutant index (API) readings at unhealthy levels as of 4pm on Saturday.</p>


<p>Europe’s oil refiners are paying eyewatering premiums for cargoes, as the shutdown of Saudi Arabia’s East-West pipeline forces the region’s buyers to scramble for alternatives with fuel prices soaring.</p>


North Sea oil premiums soar to records as Saudis cut sales

<p>A group of more than a dozen civil society organisations has called for immediate and full disclosure of the royal pardon for Datuk Seri Najib Razak.</p>


<p>The status of the 1Malaysia Development Bhd (1MDB) case involving Datuk Seri Najib Razak remains unchanged following his conditional pardon, said Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Datuk Seri Abd Halim Aman.</p>


1MDB case status unchanged following Najib’s conditional pardon — MACC

<p>The US, Denmark and Greenland have entered into an agreement for the US to develop a significant military presence on Greenland, while prohibiting US adversaries from building their own bases on the island, Donald Trump said on Friday.</p>


US and Denmark reach deal on Greenland, Trump says

<p>Pakatan Harapan (PH) Melaka is finalising negotiations with parties that have similar aspirations, including Parti Pribumi Bersatu Malaysia (Bersatu), to form a PH Plus collaboration to contest the Melaka State Election.</p>


<p>The Malaysian Anti-Corruption Commission (MACC) has recorded statements from Minister of Agriculture and Food Security Datuk Seri Mohamad Sabu and the ministry’s secretary-general in connection with an investigation into the delays in the supply of fertiliser in Kedah.</p>


MACC records statement from Mohamad Sabu, sec-gen in fertiliser supply delay probe

<p>Two vehicles bearing the Prisons Department logo were seen entering the compound of former prime minister Datuk Seri Najib Razak’s residence in Langgak Duta here on Saturday.</p>


<p>Volkswagen AG slashed its profit forecast after a sharp contraction in China and a €6 billion (US$6.9 billion or RM28.11 billion) writedown tied to sports-car maker Porsche AG, deepening concerns about the strains facing the global auto industry.</p>


VW slashes profit outlook after China sales slump and US$6.9 bil writedown

<p>The Malaysian Anti-Corruption Commission (MACC) has issued a notice to former Lembaga Tabung Haji (TH) chairman Datuk Seri Abdul Azeez Abdul Rahim and his family, requiring them to declare their assets within a month.</p>


MACC gives Abdul Azeez and family one month to declare assets

<p>Paramount Skydance Corp has been negotiating a settlement in recent weeks with California and other state attorneys general challenging its US$110 billion (RM449.21 billion) takeover of Warner Bros Discovery Inc, according to people familiar with the matter.</p>


Paramount in settlement talks with US states over Warner takeover — Bloomberg

<p>A large plume of smoke was visible near Riyadh's main airport on Saturday after booms were heard and Saudi Arabia sent alerts overnight warning of potential danger around the capital, amid an escalation in attacks by Yemen's Houthi group.</p>


<p>The Prisons Department has not yet received an official letter notifying it of the Pardons Board’s decision on the conditional pardon for former prime minister Datuk Seri Najib Razak.</p>


<p>One clear sign of de-dollarization and the shift toward a multipolar monetary order is gold’s renewed prominence in global financial markets. Investors increasingly view the metal as a strategic asset; central banks are buying record amounts of it to bolster resilience against financial and geopo...

The Golden Bridge to Monetary Multipolarity: The Frontiers of Growth

<p>Denmark and Greenland on Saturday said any agreement with the US would not compromise Greenland's sovereignty, after President Donald Trump said the deal would give Washington "permanent control" over the Arctic island's security, leaving its precise scope unclear.</p>


<p>Artificial intelligence (AI) could lift European productivity by about 1% over five years, but risks widening inequality, straining power networks and increasing dependence on foreign technology unless governments deepen economic integration, an International Monetary Fund (IMF) paper said.</p>
