THE current high gas price in the spot market means that Malaysian manufacturers that pay a regulated price set by the Energy Commission (EC) are now enjoying a much lower gas price than their international counterparts.
However, the current high gas price level is not expected to be sustained for long, as the extremely cold weather in the northern hemisphere has started to subside, which means less gas will be needed for heating. Lower demand for heating will translate into higher stockpile among northern countries.
According to S&P Global Platts, the futures price for LNG Japan/Korea Marker (JKM) for March 2021 delivery has been increasing since Nov 19, 2020, when it was trading at US$5.815 per million British thermal unit, to US$19.695 per mmBtu on Jan 11.
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Datuk Seri Amirudin Shari - Bernama
SHAH ALAM (Bernama): The surge in Covid-19 cases in Selangor announced by the Health Ministry on Friday (Jan 29) was due to the backlog of cases from the screening at factories, prisons, clinics and private hospitals, that were not reported in real-time.
Selangor Mentri Besar Datuk Seri Amirudin Shari in a statement on Saturday (Jan 30) said the backlog of cases was over the past 10 days. To overcome this problem, the Selangor Health Department (JKNS) will impose compounds on private clinics or hospitals that do not report positive cases directly on the same day through the Public Health Laboratory Information System (Simka), he said.
KUALA LUMPUR: A second full lockdown will lead to irreparable damage to the business sector and the economy, with a devastating impact on business sur.
A second full lockdown will lead to irreparable damage to the business sector and the economy, with a devastating impact on business survival and job security, according to the Federation of Malaysian Manufacturers (FMM).
Hence, FMM said it urged industries to give their fullest cooperation and play their part by taking the additional proactive and preventive measures to tighten the existing standard operating procedures (SOPs) at the workplace and living quarters of employees