• monkey
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    Expect wet start to Year of the Monkey

    A monsoon surge is forecast to hit the region over Chinese New Year, bringing with it widespread rain and occasional windy conditions. This is typical of the wet phase of the north-east monsoon season during December and January, and is due to the strengthening of north-easterly winds over the South China Sea and the surrounding region, said the Meteorological Service Singapore. Rainfall for the first two weeks of this month is also expected to be slightly above average, with short thundery showers in the afternoons on four to five days of the fortnight. The conditions are due to prevailing...
  • shell
    Hot

    Shell Refining Malaysia stake to be sold

    LONDON, Feb 1, 2016: Royal Dutch Shell plc has agreed to sell its shareholding in the Shell Refining Company (SRC) in Malaysia to Malaysia Hengyuan International Ltd (MHIL). The sale of its 51% shareholding in the refining company is for US$66.3 million (RM275.2 million) and the transaction is expected to complete in 2016, subject to obtaining regulatory approval. In a statement, Shell said it is MHIL’s intention for SRC to invest in the upgrades needed to meet the Euro 4M and Euro 5 requirements for fuel sold in Malaysia. “Shell Malaysia Trading will ensure security of supply to its retail and commercial...
  • mining
    Hot

    Malaysia’s sudden mining boom turns into a headache

    Malaysia enjoyed a multimillion-dollar windfall after neighbouring Indonesia banned exports of bauxite, quickly transforming an industry that hardly existed until 2013 into China’s biggest supplier. But now quarries and dusty rock piles have left swaths of farmland resembling moonscapes as some residents complain of pollution. This month the government halted mining for a three-month moratorium to gain control over an industry that’s exposed gaps in Malaysia’s mining laws. “If everything followed standard procedure, this would not be happening,” said Teh Teck Tee, managing director of Aras Kuasa Sdn., who began mining bauxite near the city of Kuantan in mid-2014...
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