Latest news with #TBP
The Star
27-05-2025
- Business
- The Star
Malakoff's 1Q net profit drops 45%
Malakoff's Tanjung Bin power plant in Johor KUALA LUMPUR: Malakoff Corp Bhd's net profit tumbled 45.3% to RM33.9mil in the first quarter ended March 31, compared with RM62.2mil in the year-ago quarter. The independent power producer said the lower profit was primarily due to lower positive fuel margin recorded at Tanjung Bin Power Sdn Bhd (TBP) in line with the decline in applicable coal price (ACP), higher net realisable value provision for coal inventories and lower contribution from Prai Power Plant Sdn Bhd following a reduction in the revised tariff from the extended power purchase agreement (PPA). Revenue for the quarter declined to RM2.03bil from RM2.28bil, while earnings per share slipped to 0.14 sen compared with 0.79 sen previously. It said the lower revenue was primarily due to lower energy payments recorded from TBP and Tanjung Bin Energy Sdn Bhd (TBE) in line with the decline in ACP as well as lower energy payment recorded from Segari Energy Ventures Sdn Bhd (SEV), given the decrease in despatch factor. Malakoff expects its overall performance to remain satisfactory for the financial year ending Dec 31, 2025. It noted that global coal prices are expected to decline in early 2025 due to lower coal imports by some developing countries, including reduced demand from China driven by cheaper domestic coal and increased hydropower. As such, a higher provision for net realisable value for coal inventories has been accounted for during the current quarter under review. 'The group's thermal assets continue to focus on operational efficiencies to enhance reliability and availability to mitigate any impact from fluctuations in global coal prices,' it said.
Time of India
05-05-2025
- Politics
- Time of India
Wave of enforced disappearances continues in Balochistan, 4 abducted
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel At least four individuals have reportedly been forcibly disappeared, allegedly by security forces in Pakistan, while one previously missing student has returned in critical condition, continuing the trend of enforced disappearances in Balochistan, as reported by The Balochistan Post (TBP).In Turbat city, located in the Kech district, two men were said to have been detained and subsequently disappeared by Pakistforces in the vicinity of Baloch sources indicate that on April 29, Khuda Bakhsh s/o Mandi Baloch, from Hoshap, was apprehended near the hospital and taken to an undisclosed location. On the same day, Hakeem Baloch s/o Jumma, a resident of Askani, Turbat, was also detained and went missing, according to TBP's victims' families claim that both men had no involvement in any illegal activities and were simply going about their daily lives when they were seized. The human rights organisation PAANK, which monitors such incidents, strongly condemned these actions, labelling them as serious human rights organisation has called for the immediate and safe recovery of Khuda Bakhsh, Hakeem Baloch, and all others who have disappeared, as highlighted by the TBP Nawaz s/o the late Haji Allah Bakhsh from Sallo, Buleda, was abducted from Naval Colony in Karachi during the early hours of April 30 while he was in the city for medical report that uniformed personnel forcibly took Shah Nawaz in front of his family, and his current whereabouts are unknown. According to TBP, the family has urged authorities and human rights organisations to intervene and facilitate his recovery, emphasising that if there are any allegations against him, he should be presented in a court of law rather than held without Mureed Hussain, a young man from Ward 3, Bagh Bazaar, was taken by unidentified armed individuals from a barbershop in the main bazaar. He, too, remains unaccounted for. As per local sources, this marks the fourth such incident reported from Pasni within the last 24 hours, contributing to a total of 19 documented cases of enforced disappearances in Balochistan in recent days, as cited by the TBP and other advocacy organizations have once again urged the international community to take a serious look at the ongoing human rights crisis in Balochistan and to pressure the Pakistani government to put an end to the practice of enforced disappearances, which continues to inflict suffering on families and communities throughout the region, as underscored by the TBP report.
Time of India
01-05-2025
- Politics
- Time of India
Balochistan Abductions: Two Baloch students forcibly disappeared in Turbat; UN experts decry ongoing abductions as international crime
KECH: Two young Baloch students have allegedly been forcibly taken by Pakistsecurity forces in Turbat, the primary city of the Kech district in Balochistan, as reported by The Balochistan Post (TBP). Tired of too many ads? go ad free now Seventeen-year-old Shey Haq Baloch, the son of the deceased Altaf Baloch, and sixteen-year-old Adam Baloch, son of Saleem, were purportedly apprehended by security personnel on Tuesday shortly after arriving in Turbat from Karachi, according to TBP. Nugra Baloch, Shey Haq's sister, verified the occurrence in a Facebook post. She stated that both boys were first-year college students and were detained by Pakistani forces and intelligence agencies, as highlighted by the TBP report. "I call upon everyone to speak out against this unlawful and cruel act," she wrote. "Assist us in our struggle for the safe return of my brother and Adam Baloch." Shey Haq Baloch's father, Altaf Baloch, was killed in 2008 when Pakistani forces reportedly opened fire on a peaceful rally held by the Baloch National Front (BNF) in Turbat, according to the TBP report. In another instance on April 30, two young men, Amir, son of Dad Bakhsh, and Usman, son of Abdul Ghani, were reportedly kidnapped from a barber shop in Pasni, in Gwadar district. Both are locals of the town. A further case has been reported from Turbat's D-Baloch area, where Abdul Majeed, son of Abdul Ghani, was allegedly taken by unidentified armed individuals while he was waiting for transport with his children, as highlighted by the TBP report. Enforced disappearances in Balochistan continue to pose a serious and persistent issue. Human rights organisations have long accused Pakistani security agencies of systematically targeting students, activists, and ordinary civilians, according to the TBP report. Tired of too many ads? go ad free now Earlier on Tuesday, United Nations human rights experts described the "relentless use of enforced disappearances" in Balochistan as "a severe human rights violation and an international crime" and urged Pakistan to establish "independent and effective mechanisms for searching and investigating," as per the TBP report.
