NGO pans 'most destructive' Malacca waterfront economic zone project
An NGO has reiterated its objection to the Straits of Melaka Waterfront Economic Zone (SM-WEZ) project, labelling it as 'unsustainable, environmentally devastating, and economically reckless'.
Referring to the project's environmental impact assessment (EIA) report, which covers a 2,766-acre (1,119.3ha) reclamation, Save Our Seashores Melaka (SOS Melaka) said the reclamation is the 'largest and most destructive' ever attempted in Malaysia's history.
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Malaysiakini
2 days ago
- Malaysiakini
NGO pans 'most destructive' Malacca waterfront economic zone project
An NGO has reiterated its objection to the Straits of Melaka Waterfront Economic Zone (SM-WEZ) project, labelling it as 'unsustainable, environmentally devastating, and economically reckless'. Referring to the project's environmental impact assessment (EIA) report, which covers a 2,766-acre (1,119.3ha) reclamation, Save Our Seashores Melaka (SOS Melaka) said the reclamation is the 'largest and most destructive' ever attempted in Malaysia's history.
New Straits Times
28-05-2025
- New Straits Times
Sarawak completes first phase of environmental autonomy transfer under MA63
KUCHING: The first phase of transferring environmental autonomy from the federal government to the state government under the Malaysia Agreement 1963 (MA63) has been completed. Deputy Premier Datuk Awang Tengah Ali Hasan said the first phase involves the management of scheduled wastes. "The aspects of industrial effluent management, air quality control, and Environmental Impact Assessment (EIA) management will be taken over in the next phase," said Awang Tengah, who is also the state Urban Development and Natural Resources Minister, during his winding-up speech at the Sarawak State Legislative Assembly today. He added that the state government is currently drafting new regulations to strengthen enforcement of the Natural Resources and Environment Ordinance 2024, which was passed during the last Sarawak State Legislative Assembly session. Meanwhile, the Natural Resources and Environment Board (NREB) has adopted a new organisational structure starting from July 1 last year and has conducted 32 joint enforcement operations with the state Department of Environment. He also said that NREB has completed the development of the Scheduled Waste Management Module within the Sarawak Environmental Information System (EnvISS), which serves as a monitoring and data management platform for scheduled waste. Guidelines and work manuals for Scheduled Waste Premises and Scheduled Carrier licences have also been provided. "NREB has further enhanced the competence of its officers through courses such as the Certified Environmental Professional in Scheduled Waste Management (CePSWaM), Certified Person in Scheduled Waste Sampling Protocol (CePSWaSP), scheduled waste management, and oil spill handling," he said.
The Star
23-05-2025
- The Star
Oil falls on potential further hike in Opec+ output
HOUSTON: Oil prices slipped on Thursday as investors weighed a report that Opec+ is discussing a production increase for July, stoking concerns that global supply could outpace demand growth. Brent futures fell 66 cents, or 1.02%, to US$64.25 a barrel by 12:31 p.m. EDT. US West Texas Intermediate crude was down 51 cents, or 0.83%, at US$61.06. The Organization of the Petroleum Exporting Countries and its allies, known collectively as Opec+, are discussing whether to make another large output increase at their meeting on June 1, Bloomberg News reported. An increase of 411,000 barrels per day for July is among the options under discussion, though no final agreement has been reached, the report said, citing delegates. "The Opec+ speculation is the biggest factor today," said John Kilduff, partner at Again Capital in New York. "This Opec+ decision is going to be pretty weighty, and it is not helping that Kazakhstan did not come through last month," he added. Kazakhstan's oil production has risen by 2% in May, an industry source said on Tuesday. Reuters previously reported that the group planned to accelerate output increases and could bring back as much as 2.2 million bpd by November. Opec+ has been in the process of unwinding production cuts, with additions to the market in May and June. "We're seeing the market reacting to evidence that Opec is letting go of a strategy to defend price in favour of market share," said Harry Tchiliguirian at Onyx Capital Group. "It's a bit like taking off a Band-Aid; you do it in one fell swoop." RBC Capital analyst Helima Croft said in a note on Wednesday that a 411,000-bpd increase from July is the "most likely outcome" from the meeting, primarily from Saudi Arabia. "A key question will be whether the voluntary cut will be fully drawn down before the leaves turn brown in many parts of the world, in line with the original taper schedule," she said. Prices were already lower in the session after Energy Information Administration data released on Wednesday showed US crude and fuel inventories showed surprise stock builds last week as crude imports hit a six-week high and gasoline and distillate demand slipped. Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, the EIA said. Analysts in a Reuters poll had expected a drawdown of 1.3 million barrels. The EIA's surprise stock builds will exert downward pressure on prices, particularly on WTI, said Emril Jamil at LSEG Oil Research, adding that this could further encourage more US exports to Europe and Asia. Curbing losses on Thursday, US oil company Chevron's license to operate in Venezuela will expire on May 27, US Secretary of State Marco Rubio said in a post on his personal X account late on Wednesday. "This statement by Rubio could be a game changer. But these deadlines have been extended in the past, so maybe the market is just not convinced yet," said Phil Flynn, senior analyst with Price Futures Group. — Reuters
