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Environmentalists seek tougher EU curbs on Balkan coal power plants

SARAJEVO (Reuters) - Environmentalists urged EU policy makers on Tuesday to take a tougher stance on air pollution from coal power plants in the Western Balkans, blaming the fumes for 3,900 deaths across Europe each year.

Buy-back spree alive in India as state firms join tech companies

MUMBAI: India Inc is extending a banner year for share buy-backs.

ICPT: An electrifying issue

How will the government deal with rising energy prices?

TNB in focus due to high coal prices

PETALING JAYA: The profitability of Tenaga Nasional Bhd (TNB) hinges on what the government decides on the imbalance cost pass-through (ICPT) mechanism in the next tariff review.

Coal prices, which had touched a high of almost US$120 per tonne in the middle of last year, have now moved down from that level and are now at US$95.65 per tonne. The price is still well above the US$75-per-tonne reference price that was set by the government then.(Filepic shows TNB's coal powered generator station at Manjung.)

Jokowi saves forests, but fails to resolve land conflicts

JAKARTA: While praised for its progressive efforts in preserving forests and stopping forest fires, the administration of President Joko Widodo still faces criticism for doing less in preventing the harmful practices of mining.

CMS shares fall following downgrade

HSL also hit initially after analysts downgrade stock, closes unchanged

CMS closed four sen lower yesterday to RM3.01, while HSL’s share price fell 2.78% during intra-day trade before closing unchanged at RM1.44.

Muted earnings for contractors

PETALING JAYA: Construction companies are expected to see muted earnings in the fourth quarter of financial year 2018, reflecting the impact of the downturn in contracts, especially in the second half of last year.

Slow payments: Local contractors have been facing slow payments and billings for selected contracts, particularly those with relatively high exposure to government contracts

Northern China pollution up by 16 percent in January - data

SHANGHAI (Reuters) - Air pollution in 39 major northern Chinese cities rose 16 percent on the year in January, official data showed, with surging industrial activity making it increasingly unlikely they will meet their winter emissions targets.

Kenanga downgrades HSL following recent price rally

KUALA LUMPUR: Kenanga research has downgraded Hock Seng Lee Bhd (HSL) to underperform as it believes the recent rally in share price was mainly sentiment-driven given that major infrastructure project tenders are still in the early stages.

Hock Seng Lee secures power job

KUALA LUMPUR: Hock Seng Lee has won an open tender for a contract with Sarawak Energy Bhd for the Balingian coal-fired power plant project in Mukah, Sarawak, worth RM54.3mil.

An artist impression of the second 600MW coal power station in Balingian, near Mukah. - Filepic