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PK Resources returning to the black
PK Resources Bhd, which is expanding its property development activities, is set to turn around and record profits this year after two consecutive years of losses since the financial year (FY) ended Dec 31, 2002.
Petrol kiosk operators causing diesel shortage
Petrol kiosk operators have been found to be the biggest culprits in Sabah in the illegal sale of diesel to industries that has caused a severe shortage of the fuel in the state.
Diesel shortage woes spread in Sarawak
The problem of diesel shortage has spread to two major urban centres in central Sarawak - Kapit and Belaga - which function as the gateway to the RM6bil Bakun hydroelectric dam project site.
Cut fares, boatmen warned
Passenger express boat operators in Sarawak who are overcharging their passengers must immediately bring down their fares to the recently approved rates or face stern action.
Diesel crisis hits Bario schools
The shortage of diesel in remote areas in northern Sarawak has disrupted activities in schools that rely on the fuel to generate power.
Lorry operators with modified tanks warned
The Sarawak state Commercial Vehicles Licensing Board has warned lorry operators that it will suspend their permits if they are found to have modified the fuel tanks of their vehicles.
Subsidised diesel for riverboat operators
The Federal Government will be spending an additional RM13mil yearly to extend subsidised diesel privileges to riverine passenger transport service providers in Sabah and Sarawak.
Government urged to reduce subsidy payouts
The Government has to find ways to reduce the lower-income group's dependence on subsidies while ensuring the move would not adversely affect their livelihood, Petronas president and chief executive officer Tan Sri Mohd Hassan Marican said.
Government: ‘Stop scam by petrol station operators’
Petroleum companies are being asked to take action against petrol station operators in Sabah for colluding with those selling government-subsidised diesel to industries.