Tag Archives: local news

New formula to determine fuel prices out next week

New formula to determine fuel prices out next week

The domestic trade, co-operatives and consumerism ministry (KPDNKK) will meet with oil industry players to discuss a new formula to determine fuel prices next week. In a report by Bernama, its minister Datuk Seri Hamzah Zainuddin said the move was to maintain stability in the domestic oil industry. “The people must sympathise with petrol station operators who suffer losses when oil prices drop. They (fuel retailers) feel they are the victims (when prices drop),” he explained, adding that the ministry would ask the government to assist fuel retailers that have been badly affected by the deviation in oil prices. Recently, the Petrol Dealers …Read entire story

Fuel price ceiling to be announced weekly from April

Fuel price ceiling to be announced weekly from April

It appears a new fuel ceiling price mechanism will be introduced in Malaysia next month. Minister of domestic trade, cooperatives and consumerism (KPDNKK) Datuk Hamzah Zainuddin has officially said that the ceiling price for fuel in the country will be announced weekly starting from April 2017. It’s understood that under such a system, the government will announce a new weekly ceiling price for fuel instead of the exact retail prices every month as is being done now. Fuel retailers can then decide to either follow the ceiling price, or set them lower. Hamzah said that the ceiling prices will likely be announced on the Monday or Saturday of each week. A notice highlighting the latest ceiling price will then be …Read entire story

Najib asks MRT users to provide feedback on service

Najib asks MRT users to provide feedback on service

It has been nearly two months since the Mass Rapid Transit (MRT) Sungai-Buloh Kajang (SBK) Line Phase 1 began operations, and now, prime minister Datuk Seri Najib Tun Razak is calling on users to provide feedback on the service, Bernama reports. Making the call via a post on his official blog, he asked users to give comments on what they thought about the service – including the frequency of trains and availability of feeder buses – to operator Rapid KL via phone at 03-78852585 or email at suggest@rapidkl.com.my. Phase 1 of the SBK Line runs across a route covering 12 stations on 21 km of elevated tracks, serving the public between Sg Buloh…Read entire story

Volvo Malaysia eyeing five new export markets in 2017

Volvo Malaysia eyeing five new export markets in 2017

This year, Volvo Car Manufacturing Malaysia will be looking to expand its exports to five new markets – Vietnam, Myanmar, Philippines, Indonesia and Taiwan – according to the company’s managing director, Fredrik Karlsson. In a report by Bernama, Karlsson revealed that the move comes following the RM20 million restructuring of its plant in Shah Alam, which will allow the company to raise its total production up to 5,000 cars a year, as part of Volvo’s expansion plan ahead of 2020. “We will start exporting in mid-year (upon completion of the plant), starting with the XC90 luxury SUV, followed by a new car at end of the year,” he said. Karlsson added that …Read entire story

Malaysian petrol pump prices based on refined oil, not raw crude; lower than ASEAN neighbours – BN

Malaysian petrol pump prices based on refined oil, not raw crude; lower than ASEAN neighbours – BN

Malaysians do not pump crude oil into their cars, and pump prices are based on the price of refined oil and not the raw material. And we still have the lowest pump prices in the region. This was essentially what Barisan Nasional’s strategic communications team wanted to put through via a statement released yesterday. Reported by The Star, it was in response to opposition leaders accusing the government of increasing petrol prices for February without basis, as crude oil price for January had dropped and that the ringgit did not weaken compared to the previous month. The statement explained that the currently employed managed float system (introduced in December 2014) uses the average price of …Read entire story

Holistic growth for automotive industry in 2017 – MAI

Holistic growth for automotive industry in 2017 – MAI

Earlier in the week, the Malaysian Automotive Association (MAA) revealed the total industry volume (TIV) for 2016, which saw the first downturn in auto sales numbers after six consecutive years of growth. Registrations for the year totalled 580,124 units, a drop of 13% from the previous year. The association added that with a softening consumer sentiment, sluggish economy and poorly performing ringgit, 2017 is set to be another challenging year, and this is reflected in its conservative forecast of 590,000 units for this year. The Malaysia Automotive Institute (MAI), however, believes that a holistic growth of the automotive industry will continue in 2017, despite the challenging economic climate. This, it said, was based on the industry’s performance on the …Read entire story

Petron M’sia becomes Formula 4 SEA finale sponsor

Petron M’sia becomes Formula 4 SEA finale sponsor

Petron Malaysia has been selected as the official fuel and engine oil sponsor of the final round of the Formula 4 South East Asia (F4/SEA) Championship, taking place at the Sepang International Circuit (SIC) from January 20 to 22. The entry-level formula, certified by the International Automobile Federation (FIA), is designed for young drivers around the world looking to break into open-wheel single-seater racing. The company will supply the race cars with its flagship Blaze 100 Euro 4M fuel as well as Blaze Racing Fully Synthetic engine oil – both the same kinds that you can buy at any Petron station – during the race, marking it …Read entire story

MAA: Dec car sales up by 32.1% from Nov; 2016 TIV at 580,124 (-13%), first time below 600k mark since 2009

MAA: Dec car sales up by 32.1% from Nov; 2016 TIV at 580,124 (-13%), first time below 600k mark since 2009

The Malaysian Automotive Association (MAA) has revealed production and sales figures for the month of December 2016, with the latter experiencing a significant jump compared to November 2016. Total sales amounted to 64,822 units, of which 57,593 units were passenger vehicles while the remaining 7,229 units were commercial vehicles. This represented an increase of 32.1% or 15,737 units from the month of November 2016. Even so, December 2016 compared to December 2015 saw a sales decline of 7% or 4,549 units, with 61,102 passenger vehicles and 8,269 commercial vehicles sold. The association attributed this spike to the various year-end and festive promotions offered by car brands in the country, where buyers were likely enticed by the attractive discounts available…Read entire story

A year in review – a guide on all of 2016’s new cars

A year in review – a guide on all of 2016’s new cars

The past year has been a tough one for the automotive industry in Malaysia, with a declining ringgit leading to a weak consumer sentiment and a likely drop in total industry volume after a record 2015. Despite this (or perhaps because of this), there was plenty of activity in 2016, with lots of car launches as manufacturers desperately tried to shore up their numbers. So we thought we’d provide you a comprehensive guide on all the new stuff that came our way this year. Let’s get to it! Audi Audi Malaysia finally launched the B9 A4 in September, more than a year after it made its world debut. Lighter, faster, more economical and offered with more technologies compared to …Read entire story

RapidKL launches new train sets for Kelana Jaya LRT

RapidKL launches new train sets for Kelana Jaya LRT

RapidKL has officially launched the new Bombardier Innovia Metro 300 four-coach trainsets, which will ply the Kelana Jaya LRT Line starting from today. Also called the “Kuala Lumpur Additional Vehicle (KLAV),” Datuk Dr Ir Zohari Sulaiman, CEO of Rapid Rail said 14 units of the Bombardier train sets will be employed. According to a report by Bernama, the trains with their modern and elegant design, is claimed to increase the passenger capacity of the route by up to 30%. “The new train sets will be deployed in stages in accordance with the delivery schedule by our suppliers, and we expect …Read entire story

Works Ministry begins rolling barriers pilot programme

Works Ministry begins rolling barriers pilot programme

The first pilot programme for the rolling barriers safety system has begun at the underpass from the Subang Airport Road heading into the Federal Highway. The new guardrail was installed along the 100 m stretch on December 7 this year, and should be a common sight among motorists that frequent the route by now. The project was first proposed by the Works Ministry back in October this year, with the barriers being supplied by South Korean firm ETI. The barriers consists of a steel tube, between which plastic cylinders are fitted. These act as shock absorbers that spin around its axis, reducing the impact of a collision and ensuring the vehicle remains on…Read entire story

MRT Sungai Buloh-Kajang (SBK) Line Phase 1 opens to the public today – we ride the new train

MRT Sungai Buloh-Kajang (SBK) Line Phase 1 opens to the public today – we ride the new train

It’s probably just me, but the hours of being stuck in jams and diversions caused by the MRT construction over the past few years have made this writer very revengeful. The payback I had in mind? To use this new train line to the max once it opens, whenever possible, recouping those lost hours staring at red lights. OK, it’s just me. The day has finally come. After five years of construction, Malaysia’s Mass Rapid Transit (MRT) opens its doors to the public today. For now, phase one of the Sungai Buloh-Kajang (SBK) Line is operational from Sungai Buloh to Semantan in Damansara Heights. …Read entire story

GALLERY: Peugeot 208 and 2008 facelifts on display

GALLERY: Peugeot 208 and 2008 facelifts on display

Earlier this month, Nasim previewed both the Peugeot 208 and 2008 facelifts in Penang, and announced that bookings for the B-segment models were now open. An official launch (with prices) will take place next year, but before that, here’s a detailed gallery of the updated Pugs. Visual enhancements on the 208 include a fresh bumper design with an “Equaliser” grille and new fog lamp enclosures. The headlamps also gain a bit more flair with dual-tone black and chrome bezels, while the rear lighting units are now full-LED clusters with a with a prominent “lion claw” motif. Elsewhere, there are chrome side mirror covers (part of the Allure trim pack) and …Read entire story