
KDEBWM targets 80% Euro-5 lorry use by year-end
KDEBWM managing director Datuk Ramli Mohd Tahir said the company was set to receive 47 vehicles next month, with operations to begin immediately in areas under the Selayang Municipal Council (MPS) and several other local authorities (PBT).
'So far, we have received six Euro 5 RORO lorries, and the remaining units are expected to arrive next month.
'Generally, asset assessments are carried out every five to six years, and based on current developments, KDEBWM has decided that this model is the most suitable,' he told reporters after the handover ceremony of the first batch of Fuso trucks here today.
Ramli said the use of the model helped minimise nitrogen oxide (NOx) and carbon emissions, provided efficient fuel consumption without compromising engine performance, and added value to cleaning operations in Selangor.
He said KDEBWM was operating with 1,400 units of machinery, including RORO and compactor lorries, and that the company remained committed to promoting greener operations in line with the government's goal of making Malaysia a carbon-neutral country by 2050.
'We hope that with the conversion to this new model chassis, we can reduce at least 30 to 40 per cent of the carbon dioxide emitted by the old chassis,' he said.
Previously, Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad was reported as saying that Malaysia would begin implementing the use of Euro 5 petrol in September 2025, with full compliance expected by 2027, as a long-term measure to preserve the country's air quality.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


BusinessToday
2 days ago
- BusinessToday
Yuan's Performance Against Major Currencies
The China Foreign Exchange Trade System announced the central parity rates of the Chinese currency, the renminbi, against 25 major currencies for Monday. The U.S. dollar was set at a central parity rate of 713.95 yuan per 100 units, while the Euro was valued at 826.95 yuan for the same amount. The central parity rate serves as a benchmark for daily trading in China's interbank foreign exchange market. Here is a full breakdown of the rates against 25 major currencies: Currency Units Central Parity Rate (Yuan) U.S. dollar 100 713.95 Euro 100 826.95 Japanese yen 100 4.8576 Hong Kong dollar 100 90.952 British pound 100 949.19 Australian dollar 100 462.20 New Zealand dollar 100 422.50 Singapore dollar 100 554.75 Swiss franc 100 888.52 Canadian dollar 100 518.90 Pataca 100 88.26 Malaysian ringgit 100 167.71 Ruble 100 9.00 Rand 100 39.66 Korean won 100 0.52 UAE dirham 100 194.69 Saudi riyal 100 190.66 Hungarian forint 100 2.08 Polish zloty 100 194.11 Danish krone 100 110.83 Swedish krona 100 74.07 Norwegian krone 100 69.70 Turkish lira 100 17.59 Mexican peso 100 37.89 Thai baht 100 22.04 The central parity rates are not all calculated in the same way. The rate against the U.S. dollar is determined by a weighted average of prices submitted by market makers before the start of each business day's interbank market. The rates for the Hong Kong dollar and Pataca are derived from other central parity rates. The Hong Kong dollar's rate is based on the yuan's rate against the U.S. dollar and the Hong Kong dollar's exchange rate against the U.S. dollar in international markets. The Pataca's rate is then calculated using the yuan's rate against the Hong Kong dollar. For the remaining 22 currencies, the central parity rates are determined based on the average prices offered by market makers in the interbank foreign exchange market before the opening.


The Star
29-07-2025
- The Star
Oil steady amid economic concerns, US rate decision awaited
SINGAPORE: Oil prices were steady on Tuesday amid uncertainty about the global economic outlook following the U.S.-EU trade deal, and as investors awaited the U.S. Federal Reserve's interest rate decision. Brent crude futures were up 1 cent at $70.05 a barrel at 0610 GMT, while U.S. West Texas Intermediate crude was at $66.69, down 2 cents. Both contracts settled more than 2% higher in the previous session, and Brent touched its highest level since July 18 on Monday. The trade agreement between the United States and the European Union, while imposing a 15% import tariff on most EU goods, sidestepped a full-blown trade war between the two major allies that would have rippled across nearly a third of global trade and dimmed the outlook for fuel demand. The agreement also calls for $750 billion of EU purchases of U.S. energy in the coming years, which analysts say the EU has virtually no chance of meeting, while European companies are to invest $600 billion in the U.S. over the course of President Donald Trump's second term. While the U.S.-EU trade deal finalisation came as a relief for global markets amid heightened uncertainty, the timeline and milestones targeted for the investments are unclear, said ANZ analysts in a note. "We think the 15% rate will pose headwinds to the Euro area's growth outlook but is unlikely to push the economy into recession." Meanwhile, top economic officials from the U.S. and China met in Stockholm on Monday for more than five hours of talks to resolve longstanding economic disputes at the centre of a trade war between the world's top two economies. The discussions are expected to resume on Tuesday. Oil market participants are also awaiting the U.S. Federal Open Market Committee meeting on July 29-30, where the Fed is widely expected to hold rates but could signal a dovish tilt amid signs of cooling inflation, said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova. "Momentum favors the upside in the near term, but the market is vulnerable to volatility triggered by central bank surprises or a breakdown in trade negotiations," said Sachdeva. "The likelihood of an economic slowdown and the Federal Reserve's potential rate cuts remain uncertain, limiting the upside in oil." Meanwhile, Trump set a new deadline on Monday of "10 or 12 days" for Russia to make progress toward ending the war in Ukraine or face sanctions. Trump has threatened sanctions on both Russia and buyers of its exports unless progress is made. - Reuters


New Straits Times
29-07-2025
- New Straits Times
Euro under pressure as US-EU trade deal fails to impress
SINGAPORE: The euro struggled to recoup its steep losses on Tuesday as investors sobered up to the fact that terms of the trade deal between the US and the European Union favoured the former and hardly lifted the economic outlook of the bloc. France, on Monday, called the framework trade agreement a "dark day" for Europe, saying the bloc had caved in to US President Donald Trump with an unbalanced deal that slapped a headline 15 per cent tariff on EU goods. German Chancellor Friedrich Merz said his economy would suffer "significant" damage due to the agreed tariffs. The euro slid 1.3 per cent in the previous session, its sharpest one-day percentage fall in over two months, on worries about growth and as euro-area government bond yields fell. The common currency last traded 0.07 per cent higher at US$1.1594. "It hasn't taken long for markets to conclude that this relatively good news is still, in absolute terms, bad news as far as the near term implications for euro zone growth are concerned," said Ray Attrill, head of FX research at National Australia Bank. "The deal has been roundly condemned by France while others - including German Chancellor Merz, are playing up the negative consequences for exporters, and with that, economic growth." The slide in the euro in turn boosted the dollar, which jumped 1 per cent against a basket of currencies overnight. The dollar held on to gains on Tuesday and knocked sterling to a two-month low of US$1.3349. The yen edged marginally higher to 148.49 per dollar. The dollar index steadied at 98.67. "While the US dollar's strength... may reflect the perception that the new US-EU deal is lopsided in favour of the US, the US dollar's strength may also reflect a feeling that the US is re-engaging with the EU and with its major allies," said Thierry Wizman, global FX and rates strategist at Macquarie Group. Still, Trump said on Monday most trading partners that do not negotiate separate trade deals would soon face tariffs of 15 per cent to 20 per cent on their exports to the United States, well above the broad 10 per cent tariff he set in April. Elsewhere, the Australian dollar eased 0.05 per cent to US$0.6518, while the New Zealand dollar was little changed at US$0.5972. The offshore yuan was little changed at 7.1813 per dollar. Top US and Chinese economic officials met in Stockholm on Monday for more than five hours of talks aimed at resolving long-standing economic disputes at the centre of a trade war between the world's top two economies, seeking to extend a truce by three months. Apart from trade negotiations, focus this week is also on rate decisions from the Federal Reserve and the Bank of Japan (BOJ). Both central banks are expected to stand pat on rates, but traders will watch subsequent comments to gauge the timing of their next moves.