Latest news with #TenagaNasionalBhd
The Star
3 days ago
- Business
- The Star
Trading ideas: TNB, Ekovest, Sapura Energy, Globetronics, Jentayu, Rhone Ma, Ecobuilt, Salcon, ETA, Polymer, CTOS
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Tenaga Nasional Bhd has been slapped with another tax bill amounting to RM840.1mn for the Year of Assessment 2022. Ekovest Bhd and its major shareholder Tan Sri Lim Kang Hoo have mutually agreed to an extension to 29 August 2025 to finalise the proposed RM1.2bn acquisition of Credence Resources Sdn Bhd. Sapura Energy Bhd has secured contracts worth more than RM500.0m to carry out offshore installation and subsea maintenance works in Thailand. Globetronics Technology Bhd defended its RM45.1mn acquisition in Mpire Global Bhd , saying the move aligns with its long-term transformation strategy and provides business synergistic to its existing business. Jentayu Sustainables Bhd said a 162-megawatt run-of-river hydroelectric project at Hulu Sungai Padas, Sipitang, Sabah remains on schedule despite the withdrawal of its partner from the project. Rhone Ma Holdings Bhd has accepted a RM15.6mn contract from Jemaluang Dairy Valley Sdn Bhd to supply, fabricate, install and commission a milk processing line in Mersing, Johor. Ecobuilt Holdings Bhd has secured a RM34.7mn contract from Messrs C Wei Architect, to undertake the main building works for a high-rise serviced apartment project in Shah Alam, Selangor. Salcon Bhd 's executive deputy chairman Tan Sri Tee Tiam Lee has emerged as a new substantial shareholder in Eduspec Holdings Bhd after acquiring a 7.9% stake via a private placement. ETA Industries Sdn Bhd's stake in Rex Industry Bhd rose to 55.0% on 25 July 2025 at the close of its mandatory takeover offer for the remaining shares in the group. Polymer Link Holdings Bhd, a plastic powder supplier, announced on Friday that it has received approval-in-principle from Bursa Malaysia for its ACE Market listing. CTOS Digital Bhd 's 2QFY25 net profit was down 17.0% YoY to RM21.2mn, weighed down by higher depreciation and amortisation and operational costs.
The Star
3 days ago
- General
- The Star
PUPILS LIGHT THE WAY IN ENERGY SAVING
ALOR SETAR: For 12-year-old G. Jeevika, learning about energy efficiency was more than just an academic lesson in school. It was a mission to save the environment, improve sustainability in resource consumption and help her family save on their steep electricity bills. 'My home's electricity bill comes up to over RM1,000 a month. Of course, our usage is more than average, as I live with five other siblings and our parents. 'There are four air conditioners at home, among other electrical appliances that operate daily, some of which may be poor in efficiency or demanding in power consumption,' said Jeevika. She was among 86 pupils at Sekolah Kebangsaan (SK) Iskandar selected to participate in the 'Powering The Future 3.0' programme, organised by Tenaga Nasional Bhd (TNB) in collaboration with Star Media Group (SMG), on July 14. Equipped with the knowledge she gained, Jeevika said she plans to share it not only with her peers but also with her family, in hopes of improving how they use electrical appliances and enhancing their daily lives and environment. 'But after this workshop, I have learned ways to help us save, like improving ventilation and using energy-efficient appliances. 'Indeed, even a simple household appliance like a light bulb can help save energy if we choose the right type and make sure to switch it off when it's not needed, especially during the day,' she said. The state-level programme at the school is part of a national campaign to improve energy literacy among students and cultivate sustainable habits from a young age. Over the course of four hours, students were guided through interactive activities and lessons that taught them how electricity is generated and used, and how energy-saving measures can make a difference, both financially and environmentally. Among enthusiastic learners was 11-year-old Muhd Aidil Danish Abdullah, who took home new knowledge about energy-guzzling household appliances like water heaters. 'My family of five relies on the water heater on cold days. 'Now I know it consumes a lot of energy, so I can teach my two younger brothers not to overuse it. 'Hopefully, with better habits, I can help my father lower our electricity bill and use the savings for better purposes,' he said. To liven up the session, a surprise appearance by Pintar, the Kuntum magazine mascot, also brought further cheer to the pupils with each of them receiving a copy of the educational publication to reinforce the lessons learned. They also received a complimentary one-year subscription to The Star's e-Paper, further enhancing their access to knowledge and current affairs. SK Iskandar headmaster Mohd Lutfi Abdul Ghani said the programme complemented the school's broader efforts to modernise learning while managing energy usage responsibly. 'The use of electronic devices has certainly grown in recent years as traditional teaching methods are replaced with digital tools. 'Programmes like these not only teach our pupils about electricity but instil values about conservation and responsibility. 'Ceiling fans remain our top energy use due to the humid weather here and I hope this initiative helps pupils think of greener alternatives,' he said. The programme, now in its third year, also saw attendance by several representatives, including TNB's retail division (retail and stakeholders – Kedah) general manager Azian Alias, who praised the school's cooperation and emphasised the importance of early education in sustainability. 'This initiative aims to connect the younger generation with the world of energy and sustainability. 'Since its launch in 2023, Powering The Future has reached thousands of students across the country, exposing them to the importance of energy efficiency, environmental conservation and the challenges ahead in the energy sector,' she said. Azian explained that the programme aligns with Malaysia's goal of achieving net-zero emissions by 2050, a national aspiration that TNB is driving through its Energy Transition Plan, which includes the development of renewable energy from hydroelectric dams and large-scale solar farms. 'Everyone has a role to play, including students. 'Simple actions like switching off lights when not in use or relying on natural daylight can have a big impact,' she said Azian added that this year's Powering The Future 3.0 aims to reach 3,200 students across Malaysia by the end of 2025. 'So far, 2,406 students have benefited from the programme, which now takes a more interactive and engaging approach to energy education. 'In Kedah, SK Iskandar stands as a symbol of the commitment by TNB and the Education Ministry in fostering awareness starting from the school level,' she said. Also present were Kedah Education Department Special School Unit senior assistant director Wan Nor Azman Zainol and SMG Brand Studio senior general manager Elicia Wee. The other participating schools in the state include SK Dato' Wan Mohd Saman, SK Taman Rakyat, Sekolah Menengah Kebangsaan Dato Syed Omar and Kolej Sultan Abdul Hamid.
Barnama
5 days ago
- Business
- Barnama
TNB Evaluating Legal Options After Receiving RM840 Mln Tax Notice
TNB Evaluating Legal Options After Receiving RM840 Mln Tax Notice KUALA LUMPUR, July 25 (Bernama) -- Tenaga Nasional Bhd (TNB) has received a Notice of Additional Assessment for the Year of Assessment (YA) 2022 amounting to RM840.12 million, dated July 24, 2025, from the Inland Revenue Board. In a filing with Bursa Malaysia today, TNB said that in light of the Federal Court's decision relating to a similar Notice of Additional Assessment issued for YA 2018, it is currently evaluating its available legal options to address the matter. "This evaluation takes into consideration that TNB has already submitted an application for Investment Allowance under Schedule 7B of the Income Tax Act 1967 (including those for YA 2022) to the Minister of Finance," it added. -- BERNAMA
The Sun
5 days ago
- Business
- The Sun
TNB evaluating legal options after receiving RM840 mln tax notice
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has received a Notice of Additional Assessment for the Year of Assessment (YA) 2022 amounting to RM840.12 million, dated July 24, 2025, from the Inland Revenue Board. In a filing with Bursa Malaysia today, TNB said that in light of the Federal Court's decision relating to a similar Notice of Additional Assessment issued for YA 2018, it is currently evaluating its available legal options to address the matter. 'This evaluation takes into consideration that TNB has already submitted an application for Investment Allowance under Schedule 7B of the Income Tax Act 1967 (including those for YA 2022) to the Minister of Finance,' it added. - Bernama
Malay Mail
5 days ago
- Business
- Malay Mail
TNB reviewing legal options after RM840m tax blow from IRB
KUALA LUMPUR, July 25 — Tenaga Nasional Bhd (TNB) has received a Notice of Additional Assessment for the Year of Assessment (YA) 2022 amounting to RM840.12 million, dated July 24, 2025, from the Inland Revenue Board. In a filing with Bursa Malaysia today, TNB said that in light of the Federal Court's decision relating to a similar Notice of Additional Assessment issued for YA 2018, it is currently evaluating its available legal options to address the matter. 'This evaluation takes into consideration that TNB has already submitted an application for Investment Allowance under Schedule 7B of the Income Tax Act 1967 (including those for YA 2022) to the Minister of Finance,' it added. — Bernama
