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Malaysia and Indonesia have jointly urged the European Union (EU) to review its decision on renewable energy and fuel quality, particularly on the use of palm oil for the production of biofuel. Both Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui and Indonesian Agriculture Minister Dr Anton Apriyantono have voiced concern over the move by the European Parliament's influential Industry Committee.
Not all players in the country's power sector seem to be 'sharing the burden'' of higher fuel costs. Tenaga Nasional Bhd (TNB) is left to fight its own battle to sustain its operations while making hefty capacity payments to the independent power producers (IPPs).
Times Telecom Inc (TTI), a retail subsidiary of Key West Global Telecommunications Bhd, recently filed a draft listing application with TSX Venture Exchange Inc, a stock exchange in Canada.
The falling crude oil price in international markets holds mixed fortunes for Malaysia.