General Electric Co will split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered share price, the company said on Tuesday.
The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power.
US global food corporation Cargill has started the construction of its RM145 million specialty fats plant in Port Klang. President and group leader for Cargill’s global edible oils solutions business Jennifer Shomenta said this is the first step in the company’s global, multi-year investment expected to exceed RM415 million to expand its portfolio in specialty fats.
Spirit AeroSystems has produced the first inboard wing flap for the new A321XLR (Xtra Long Range) narrow-body commercial jet developed by Airbus in Malaysia. In a statement on Tuesday, Airbus said Spirit AeroSystems in Malaysia is the sole supplier producing inboard flaps for the A321XLR, which is a new long-range version of the best-selling single-aisle aircraft.
Petronas has signed a Memorandum of Understanding (MoU) with ExxonMobil Exploration and Production Malaysia Inc.(ExxonMobil) to jointly explore opportunities in carbon capture and storage (CCS) technologies to help decarbonise Malaysia’s upstream industry and provide CO2 storage solutions for the region.
In light of the ever-pressing issue of climate change, businesses must re-examine and shift to more sustainable practices.
This afternoon, AMCHAM held a Spotlight session featuring Ditrolic Solar, a leading solar company in South East Asia. Founder and CEO of Ditrolic Energy Group Tham Chee Aun talked us through Ditrolic Solar’s solutions and its valuable contribution to renewable energy, in line with the Environmental, social, and governance (ESG) best practices.
He provided an overview of Malaysia’s energy landscape and laid out a realistic roadmap of how businesses can adopt sustainable energy practices and readily available energy procurement strategies. To demonstrate this, he walked participants through a case study of a company currently utilizing Ditrolic Solar’s solutions.
The AMCHAM Spotlight session is a unique and interactive event platform for companies to highlight their brand and showcase particular products or services to an exclusive audience within the AMCHAM membership.
Cross-border electricity trade is one of the means for effective utilisation of regional energy resources. It enables the demands of a region to be met in a cost-efficient manner. It creates opportunities for diverse natural resources to be utilised to meet the sustainability goals of individual countries.
As part of the Malaysian government’s initiatives to achieve such goals, Malaysia has, since the 1980s, integrated its electricity supply system with two neighbouring countries, Singapore and Thailand.
On 25 October 2021, the Energy Commission of Malaysia (“EC”) issued the second edition of the Guide for Cross-Border Electricity Sales (“Revised EC Guide”), revising the original Guide for Cross-Border Electricity Power Sales issued on 31 December 2020.
This Update provides the key changes in the Revised EC Guide.
