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Project 3B takeover plan by TNB from 1MDB drags down TNB shares

PETALING JAYA: News that the Government has approved Tenaga Nasional Bhd’s (TNB) plan to take over Project 3B, a power plant that had been earlier awarded to 1Malaysia Development Bhd (1MDB), sent the former’s stock plummeting by some 4.26% or 56 sen, wiping out some RM3.16bil from its market capitalisation.

Four eye Edra Global; 1MDB has major stake in Edra

PETALING JAYA: 1Malaysia Development Bhd’s (1MDB) divestment of its Project 3B to Tenaga Nasional Bhd (TNB), as confirmed by the minister in charge of energy, is only one part of the process to monetise the power assets.

Minister confirms power plant takeover from 1MDB

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is to take over 1Malaysia Development Bhd’s (1MDB) Project 3B power plant, said Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili.

Race to ease water crisis in Ranau

RANAU: Sabah is working round the clock to remove tonnes of debris, uprooted trees, rocks and boulders that are clogging up two water intake points on Sungai Liwagu.

Tenaga, MISC weigh on KLCI (Update)

KUALA LUMPUR: Selling pressure on Tenaga Nasional and MISC erased more than eight points from the FBM KLCI.

TNB to acquire 1MDB's 70% stake in power plant project

KUALA LUMPUR: Tenaga Nasional Berhad (TNB) is to take over 1Malaysia Development Berhad’s (1MDB) Project 3B power plant, said Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili.

Mudajaya keen to acquire power assets, including from 1MBD

PETALING JAYA: Mudajaya Group Bhd is keen on acquiring power assets locally and in other parts of Asia including those of 1Malaysia Development Bhd (1MDB) if the price is right.

Top Glove to boost nitrile gloves output

PETALING JAYA: The world’s largest glove maker Top Glove Corp Bhd plans to boost its nitrile gloves production capacity as the outlook for the segment looks promising.

New green plant to turn food refuse and sludge into electricity

The Republic can soon look to food waste and used water as energy sources.

Bottled water donations pour in

KOTA KINABALU: The taps have run dry in Ranau and Kundasang, but well wishers are flooding in to help ensure water will not be lacking where it is most needed.