As the only water supply operator for Penang, he said this tariff adjustment is very important for PBAPP, so that the upgrading of the water supply infrastructure can be implemented to meet the demand for water supply of users in a sustainable manner.

additional funds obtained will be reinvested to fund capital expenditure (capex), especially for the PBAPP Raw Water Contingency Plan 2030 (RWCP 2030) project.

he adjustment was based on the Tariff Setting Mechanism (TSM) developed by the National Water Service Commission (SPAN), which is a systematic, fair and transparent tariff setting mechanism, to ensure that the national water service industry achieves long-term sustainability.

users in this category are expected to experience changes in their monthly water bills depending on their respective monthly water usage

Apart from non-domestic tariffs, tariff adjustments also involve special categories such as houses of worship/welfare, government premises, higher education institutions and shipping.

Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) will implement the new water tariff adjustments that have been gazetted for the non-domestic and special categories from Jan 1, after the Ministry of Environment and Water (KASA) gazetted the water tariff review on Aug 1.

LHI said demand has improved but the high cost of raw materials and the attempts by governments to manage food inflation has created uncertainties for its financial performance.

Meanwhile, Singapore and the Philippines contributed RM197.9 million (8.4%) and RM115.4 million (4.9%) respectively.

On a geographical segmentation review, Indonesia continues to be the largest segment of the group, contributing RM865 million (36.7%) to the group’s total revenue for 3QFY2022. Vietnam was the second highest at RM590.3 million (25%), followed by Malaysia which contributed RM589.8 million (25%).

its feed mill segment, which Ebitda improved by 34.1% y-o-y to RM126.44 million, benefited from better margins from the higher average selling prices and sales volume in Indonesia.

Government subsidies and grant on livestock of RM51.5 million recognised by the group also contributed to the improved Ebitda,

The livestock and poultry-related products segment’s earnings before interest, tax, depreciation and amortisation (Ebitda) increased by 261% year-on-year (y-o-y) to RM87.76 million, due primarily to better margins from the higher average selling price and sales volume of broiler chickens in Vietnam, and higher average selling price of day old chicks (DOC) and broiler chickens in Malaysia.

Leong Hup International Bhd (LHI) posted a net profit of RM67.31 million or 1.84 sen earnings per share in the third quarter ended Sept 30, 2020 (3QFY2022), against a net loss of RM53.42 million or 1.46 sen loss per share in the same quarter last year, underpinned by higher contribution from both livestock and poultry-related products and feed mill segments.

ycoon Tan Sri Syed Mokhtar Albukhary’s daughter Sharifah Sofia is stepping down as a non-executive director of Pos Malaysia Bhd.

Investors in Genting Malaysia Bhd will “likely feel relieved” after the company failed to win a provisional 10-year casino concession in Macau