Latest news with #RichardLim
CNA
5 days ago
- Business
- CNA
Energy Market Authority chairman Richard Lim to step down in September
SINGAPORE: Energy Market Authority (EMA) chairman Richard Lim will step down in September after leading the energy authority's board for five years. Mr Lim will relinquish his appointment as chairman on Sep 30, the Ministry of Trade and Industry (MTI) said on Friday (May 30) in a press release. He will be succeeded by Mrs Tan Ching Yee, former Permanent Secretary (Finance). 'Under Mr Lim's leadership, EMA has undertaken important moves to strengthen Singapore's energy security,' said the ministry. These include the set-up of Meranti Power to develop fast-start power generation and the establishment of the centralised gas procurement framework. 'He has also been instrumental in advancing Singapore's energy transition, such as the deployment of solar energy, the pursuit of low-carbon electricity imports from the region and ongoing studies on the feasibility of other low-carbon technologies such as hydrogen and geothermal energy.' Dr Beh Swan Gin, Permanent Secretary at MTI, expressed the ministry's 'deep appreciation' for Mr Lim's contributions. Mr Lim 'has been instrumental in guiding EMA since April 2020 as chairman', he said. 'I am confident that Ching Yee will build on Richard's contributions and steer EMA to new heights.' NEW CHAIRPERSON Mrs Tan, 60, will be appointed EMA's deputy chairperson from Jun 1 to Sep 30, before assuming the role of chairperson from Oct 1, said MTI. Her appointment in the position ends on Mar 31, 2027. Mrs Tan has held various appointments at MTI, the Ministry of Education, the Ministry of Health and the former Ministry of Information, Communications and the Arts. In 2016, she was concurrently appointed as Permanent Secretary (Finance) and Permanent Secretary (Prime Minister's Office) (Special Duties). During the COVID-19 pandemic, she oversaw critical relief measures for families and businesses through the use of reserves, said MTI. She also represented Singapore as G20 Finance Deputy and Sherpa for nine years, advancing Singapore's international interests at global and regional forums. 'In her various leadership roles, she has consistently emphasised people and leadership development," said the ministry, adding that she nurtured a culture of excellence and teamwork. Mrs Tan, who began her career in public service in 1986, retired from the sector on May 1. She was awarded the Public Administration Medal (Gold) in 2008 and the Meritorious Service Medal in 2018.
Daily Express
20-05-2025
- Business
- Daily Express
Sabah intensifies efforts toward sustainable energy development
Published on: Tuesday, May 20, 2025 Published on: Tue, May 20, 2025 Text Size: JAKARTA: Sabah's industrial leaders are intensifying efforts to position the state as a hub for sustainable energy development, following a high-level meeting with international energy infrastructure firm PT SAIPEM Indonesia. A delegation from Technical Skill (M) Sdn. Bhd. (TSM) and the Federation of Sabah Industries (FSI) met with SAIPEM officials at the company's Jakarta headquarters to explore potential collaborations aligned with Sabah's long-term energy ambitions. Advertisement The Sabah team included TSM Managing Director Yantho Abdul Majid, Executive Director Ali Rahman Matassan, Project Director Royan Rakam, and FSI President Richard Lim. They engaged in strategic discussions with SAIPEM's Country Manager for Indonesia and Business Development Manager for APAC, Pierangelo Abela. The meeting was facilitated by representatives from RINA, Enrico Beccaceci and Faiz Kasim, who are spearheading commercial development in the Asia-Pacific region. Central to the talks was Sabah's Energy Roadmap and Master Plan 2040 (SE RAMP 2040), which outlines the state's transition towards sustainable and resilient energy solutions. The delegation said areas where SAIPEM's global capabilities in energy infrastructure could directly support Sabah's goals under the roadmap. Advertisement 'This engagement demonstrates how Sabah's clear energy vision under SE RAMP 2040 is attracting serious attention from global industry players,' said Richard Lim. 'Such exchanges are vital for transforming our roadmap into tangible outcomes.' The meeting marks another milestone in Sabah's push to forge international partnerships that can accelerate the state's clean energy transition and industrial growth. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
19-05-2025
- Business
- Daily Express
TSM, FSI explore energy collaboration with Saipem Indonesia
Published on: Monday, May 19, 2025 Published on: Mon, May 19, 2025 Text Size: The delegates during the meeting. JAKARTA: A delegation from Technical Skill (M) Sdn Bhd (TSM) and the Federation of Sabah Industries (FSI) held a strategic meeting with PT Saipem Indonesia to explore energy collaboration opportunities. The team, led by TSM's top executives and FSI President Richard Lim, met with Saipem's Indonesia Country Manager Pierangelo Abela, with support from Rina representatives based in Asia-Pacific. Advertisement Discussions focused on aligning Sabah's Energy Roadmap and Master Plan 2040 (SE Ramp 2040) with Saipem's expertise in global energy infrastructure, especially in sustainable energy development. Lim said the meeting underscored growing international interest in Sabah's energy transition agenda and the State's strategic direction. The engagement marks another milestone in Sabah's push to forge global partnerships to support its long-term energy transformation objectives. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
14-05-2025
- Yahoo
Washington County rape, sexual assault suspect arrested in Thailand
FAYETTEVILLE, Ark. (KNWA/KFTA) — The Fayetteville Police Department says the suspect in a sexual assault investigation involving a minor has been arrested in Thailand. The department said that on Feb. 18, the Criminal Investigation Division (CID) received a formal complaint naming Richard Lim as a suspect in an investigation into a sexual assault. Authorities interviewed multiple people, including Lim and the alleged victim, following their investigation. On March 31, FPD obtained an arrest warrant for Lim for two counts of rape, one count of second-degree sexual assault and one count of sexually grooming a child. 'I missed two days of my medication': Senator releases statement on Fayetteville traffic stop After the warrant was issued, FPD said Lim had fled the United States, traveling to Qatar and Thailand. With the assistance of the Homeland Security Investigations (HSI), Interpol, and local Thai authorities, Lim was located and taken into custody in Thailand. Lim has since been extradited back to the United States by the U.S. Marshals Service. Lim will be held at the Washington County Detention Center on a $1,000,000 bond pending trial, according to FPD. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
10-04-2025
- Business
- Yahoo
Tesco expects lower profits amid price war fears
Tesco has said it expects to make lower profits this year amid a growing price war amount the UK's major supermarkets. The UK's biggest grocer has forecast profits of between £2.7bn and £3bn compared with the £3.1bn it made for the financial year that has just ended. Chief executive Ken Murphy said the lower profit prediction would give Tesco the "flexibility and the fire power to maintain our position in the market" due to the increased competition. The company's share price plunged last month after Asda launched big price cuts to try to restore its fortunes. Tesco said it was more competitive on price than ever but that in the last few months it had seen a "further increase in the competitive intensity of the UK market". It said if profits do fall it would likely reflect a further increase in the "competitive intensity" of the UK market. Prior to Tesco's results update on Thursday, analysts had been forecasting profit predictions of £3.2bn on average. The supermarket said it was committed to giving customers the best value. "We see further opportunities to protect and strengthen our competitiveness," it said. Analysts have previously doubted Asda's price cut move will spark a price war. But Richard Lim, chief executive of Retail Economics, said there were "certainly signals in the market" that a price war is in the offing. He said supermarkets had engaged in these battles in previous years. "And we live in an incredibly competitive sector when it comes to the grocery sector so price and value is always that key determinant that drives consumers through the doors of the supermarkets," he told the BBC's Today programme. Tesco, like its competitors, is facing increased costs due to rises in National Insurance and minimum wages. The company said its NI bill had risen by £235m. Mr Murphy said despite fears of US tariffs stoking inflation, he did not think the impact would be "significant for Tesco", stating that the supermarket gets a large amount of its products from the UK. Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said fears of a price war that could squeeze profitability have "weighed on sentiment across the sector recently", but added "it hasn't materialised yet". "Even if it does, Tesco reckons it's in the most competitive position it's been in for many years, helped by the Aldi price match and clubcard prices keeping customers loyal," he added. Mr Chiekrie suggested Asda "doesn't appear to have the financial firepower" to cause much disruption. No quick fix to stronger sales, says Asda boss Tesco to raise wages by 5% but scrap Sunday bonus 'No fuss, no surprises': Shoppers defend supermarket cafes amid closures Sign in to access your portfolio
