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KUALA LUMPUR: Tenaga Nasional Bhd (TNB) venture into the gas supply business is off to a profitable start under a maiden deal with Shell Malaysia.
KUALA LUMPUR: Fugitive financier Low Taek Jho, better known as Jho Low, had ordered for confidential and sensitive information pertaining to the joint venture (JV) between 1Malaysia Development Bhd (1MDB) and PetroSaudi International Ltd (PSI) to be destroyed, fearing that it could be used to threaten Datuk Seri Najib Razak’s position, the High Court heard.
The whole world is turning away from coal but not Malaysia. No, in Malaysia, we’re using more coal to fuel more power plants to generate more electricity ... that we don’t have a use for.
PETALING JAYA: While consumers are expected to benefit, the power sector will face further uncertainties, arising from potential regulatory changes, and this could weigh on the industry’s financial performance
PETALING JAYA: Tenaga Nasional Bhd (TNB) is expected to hold on to its monopoly on the transmission and distribution (T&D) business, as the segment will remain part of the group’s core business following its proposed internal reorganisation, a research house says.
KUALA LUMPUR: RAM Ratings has reaffirmed the AA3/Stable rating of Tanjung Bin Energy Issuer Bhd’s RM3.29bil Sukuk Murabahah (2012/2032).
KUALA LUMPUR: Malaysia needs a long-term energy policy to ensure the sustainability of supply and attract investments into the country.
PETALING JAYA: The potential opening up of the power sector’s retail space will give consumers more options to buy their electricity from, but it is likely to have limited earnings impact on Tenaga Nasional Bhd (TNB).
Why the selldown of TNB?
TADMAX Resources Bhd, a company primarily involved in property development and dogged by uncertainties in its venture into power generation, is seeing some light.