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Petronas to pay five per cent cash to Terengganu on oil extraction

Petronas to pay five per cent cash to Terengganu on oil extraction

If no petroleum is found within Terengganu's three-nautical-mile territorial sea, Petronas is not obligated to make any cash payment.
Wed Jul 17 2024
Fed govt, Sabah each received around RM 23 bln in petroleum revenue since 1976 - PMO

Fed govt, Sabah each received around RM 23 bln in petroleum revenue since 1976 - PMO

The PMO said Petronas has consistently fulfilled all cash payment obligations from petroleum production.
Thu Jul 11 2024
Petrol, diesel prices remain unchanged for April 11-17 period

Petrol, diesel prices remain unchanged for April 11-17 period

MoF said the prices were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism formula.
Wed Apr 10 2024
Govt plans to focus on non-tax revenue to increase national income - PM

Govt plans to focus on non-tax revenue to increase national income - PM

Non-tax revenue consists mainly of licenses and permits, petroleum royalty, interest and returns on investment.
Tue Mar 26 2024
Petrol, diesel prices unchanged until March 27

Petrol, diesel prices unchanged until March 27

MOF said the prices were fixed based on the weekly retail prices of petroleum products, under the Automatic Pricing Mechanism formula.
Wed Mar 20 2024
Prices of RON97, RON95 and Diesel unchanged until Jan 24

Prices of RON97, RON95 and Diesel unchanged until Jan 24

Finance Ministry said the prices were fixed based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism.
Wed Jan 17 2024
Prices of RON97, RON95 And diesel to remain unchanged until Jan 17

Prices of RON97, RON95 And diesel to remain unchanged until Jan 17

MOF said the prices were fixed based on the weekly retail price of petroleum products using the Automatic Pricing Mechanism formula.
Wed Jan 10 2024
Store used to misappropriate subsidised LPG raided in N.Sembilan

Store used to misappropriate subsidised LPG raided in N.Sembilan

KPDN seized 177 filled and empty liquefied petroleum gas (LPG) cylinders in a raid at a store in Kampung Bemban, Mambau yesterday.
Mon Feb 06 2023
EU embargo for Russian oil products enters into effect

EU embargo for Russian oil products enters into effect

A ban on importing Russian petroleum products, like diesel or gasoline, to the European Union (EU) enters into effect on Sunday.
Sun Feb 05 2023
Sri Lanka approves law to liberalize petroleum imports

Sri Lanka approves law to liberalize petroleum imports

The ministry has already received 24 applications from multiple countries including India, China, Saudi Arabia, Russia, Malaysia and the US.
Wed Oct 19 2022
RON97 petrol down five sen, RON95 and diesel unchanged - MOF

RON97 petrol down five sen, RON95 and diesel unchanged - MOF

It said the prices were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism formula.
Wed Sep 14 2022
Govt considers building port in Sanglang - Ismail Sabri

Govt considers building port in Sanglang - Ismail Sabri

The government is studying the construction of an aggregate port in the Sanglang area in the Kubang Pasu district to handle petroleum cargo and bulk cargo that will add value to the Kedah economy.
Thu Sep 01 2022
RON97 up 11 sen to all-time high of RM4.83 per litre

RON97 up 11 sen to all-time high of RM4.83 per litre

The new price is based on the weekly retail prices of petroleum products in accordance with the Automatic Pricing Mechanism Formula.
Wed Jun 15 2022
RON97 petrol price up by 2 sen to RM4.72 per litre

RON97 petrol price up by 2 sen to RM4.72 per litre

The ministry said the new price is based on the weekly retail prices of petroleum products in accordance with the APM formula.
Wed Jun 08 2022
Govt to review petroleum products subsidy

Govt to review petroleum products subsidy

Mohd Shahar said any subsidy mechanism would be reviewed and refined to ensure the subsidy could directly benefit the people.
Thu Mar 24 2022
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Fri Nov 22 2024
Findings by dark energy researchers back Einstein's conception of gravity

Findings by dark energy researchers back Einstein's conception of gravity

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
Fri Nov 22 2024
NRES responds to Rimbawatch press release on COP29

NRES responds to Rimbawatch press release on COP29

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Fri Nov 22 2024
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Fri Nov 22 2024
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM

Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM

Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Fri Nov 22 2024
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024

Saudi Arabia showcases Vision 2030 goals at Airshow China 2024

For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
Fri Nov 22 2024
King Charles' coronation cost GBP 71mil, govt accounts show

King Charles' coronation cost GBP 71mil, govt accounts show

The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Fri Nov 22 2024
Couple and associate charged with trafficking 51.9 kg of meth

Couple and associate charged with trafficking 51.9 kg of meth

A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
Fri Nov 22 2024
PDRM to consult AGC in completing Teoh Beng Hock investigation

PDRM to consult AGC in completing Teoh Beng Hock investigation

The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Fri Nov 22 2024
Thai court rejects petition over ex-PM Thaksin's political influence

Thai court rejects petition over ex-PM Thaksin's political influence

Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Fri Nov 22 2024