KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), in meeting stakeholders' demand, has contributed almost RM1.2 trillion since 1976 in the spirit of giving out to the society, especially when the country is grappling with the COVID-19 pandemic.
KUALA LUMPUR (Feb 20): Petroliam Nasional Bhd (Petronas), in meeting stakeholders demand, has contributed almost RM1.2 trillion since 1976 in the spirit of giving out to the society, especially when the country is grappling with the Covid-19 pandemic.
President and group chief executive officer (CEO) Tengku Muhammad Taufik Tengku Aziz said the contributions included those to the federal government, state governments, tax collection, and payment of oil royalty, and the rate would likely increase in the long run.
The national oil company also did not hold back on its continued commitment to put aside a portion for the National Trust Fund or Kumpulan Wang Amanah Negara (KWAN).
Petronas sees some respite but stays mindful of prolonged challenges theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Malaysia government estimates that over 160,000 new jobs will be created in 2021 Details
Malaysia s Prime Minister s Office (PMO) has estimated that over 160,000 new jobs will be created in 2021 through committed investment, a result of close coordination between the Government and the industry.
In a statement, the PMO said the Government always welcomes offers from Federation of Malaysian Manufacturers and the SME Association of Malaysia to work together to overcome the unemployment rate through initiatives under the 2021 Budget, especially when through enhancing skills and digitalisation.
While areas of the country are currently still under Movement Control Order (MCO), the Government is optimistic to hit the set targets, given that the strategy is also designed to take into account the MCO and the new norms.
(CP) CALGARY – The president and group CEO of oil giant Petronas says the LNG Canada liquefied natural gas export facility now under construction in B.C. helps support his company’s recently set goal of having net zero greenhouse gas emissions by 2050.
But Tengu Muhammad Taufik, speaking during a University of Calgary-sponsored webinar, also warns that delays in completing the project could result in Canada missing out on sales of its abundant natural gas to foreign markets hungry for cleaner fuel to replace coal and nuclear power.
The head of Malaysian government-owned Petronas says it made its emissions reduction commitment in November not to “keep up with the Joneses,” but under pressure from lenders who increasingly want to know about clients’ clean energy plans before giving access to needed capital.