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Malakoff s 3Q profit jumps 53% on higher energy payments from power plants

Malakoff Corp Bhd’s net profit for the third quarter ended Sept 30, 2022 (3QFY2022) jumped 53.44% to RM66.54 million from RM43.37 million in the same quarter last year, boosted by higher contribution from Tanjung Bin Power Sdn Bhd (TBP) on the back of higher applicable coal price (ACP).

RM56mil green-lighted for construction of alternate road

PONTIAN: An allocation of RM56mil has been approved by the Federal Government for the construction of an alternative road between Pekan Nenas and Ulu Choh.This would ease congestion for those travelling between Pontian and Johor Baru, said Johor Mentri Besar Datuk Onn Hafiz Ghazi.

Sungai Pulai bridge completed and opening soon, says Tanjung Piai MP

PONTIAN: The construction of 7.5km Sungai Pulai bridge between Gelang Patah and Tanjung Bin here has been completed and expected to be opened soon, says Datuk Seri Dr Wee Jeck Seng.

Overweight rating on utilities

PETALING JAYA: Kenanga Research has maintained its “overweight” recommendation on the utilities sector due to its defensive earnings capabilities, especially for those operating in the regulated space.

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