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Threat to cut power supply of errant steel plant
Power supply to a well-known steel plant in the country may be cut because it is said to have failed to settle the outstanding electricity bills amounting to hundreds of millions of ringgit in the past five years.
Six big firms owe TNB RM852mil in arrears
Six big companies owe Tenaga Nasional Bhd a total of RM852.893mil in electricity arrears until June 30, Deputy Energy, Water and Communications Minister Datuk Shaziman Abu Mansor said at the Dewan Rakyat yesterday.
News in brief
News in brief on Commerce International Merchant Bankers, Metroplex, Malayan Cement, Lion Industries,Hwang-DBS, DEGEM, Inovest and other firms..
Major focus on steel business
THE Lion Group#146;s major focus, post restructuring, will be on the steel business which is expected to contribute significantly to group earnings.