environmental

 
 

PepsiCo puts fizz into healthy drinks with US$3.2b SodaStream deal

LONDON, Aug 20 — PepsiCo will buy carbonated drink-machine maker SodaStream for US$3.2 billion (RM13.1 billion) as it battles Coca-Cola for an edge in the health-conscious beverage market. Founded in Britain in 1903, SodaStream was a coveted…


Der Spiegel: VW’s CEO was told about emissions software months before scandal

FRANKFURT, Aug 18 — Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said….


Oil edges higher on anticipated US-China trade talks

NEW YORK, Aug 17 — Signs of easing tensions between the world’s two largest economies helped to lift oil a little after the US reported a surge in crude stockpiles yesterday and futures flirted with a key technical level. Oil in New York was…


Rehda: Lack of incentives for green building projects

CYBERJAYA: The Real Estate and Housing Developers' Association Malaysia (Rehda) highlighted that there is a lack of incentives to encourage developers to embark on green building development, in particular financial incentives, which do not mitigate the high upfront cost of green buildings.

Its immediate past president Datuk Seri Fateh Iskandar (pix) said developers face financial risks, including 15%-20% higher capital upfront or initial costs, for green buildings. Extra costs involved include new technology and innovative technology methods or techniques, green rating assessment fees, design fees, professional fees, procurement of new technology or materials as well as longer planning period.

“However in the long run, when you look at maintaining the building and property, you will have a considerable amount of savings,” Fateh said in in his keynote at the Sustainable Housing Futures Conference here today.

He said developers also face demand risk, where developers construct and supply products in accordance to buyers' demands and preferences, however do not receive direct benefits from the energy-efficient investment. Instead, developers bear the extra cost of the new technologies involved. This is later passed on to house buyers in the form of higher selling price.

“If we're serious about moving forward, incentives must be given. Then more contractors will design something more sustainable and green,” said Fateh, urging the country to emulate Singapore where incentives have been given in the past five years.

He also pointed out the undersupply of green building technology and materials, which have to be imported.

“In Singapore, when multinational tenants want to rent a green building, you have to pay 20%-30% higher premium from the normal office rental. Unfortunately in Malaysia, this does not happen. Whether we build a standard building, MSC-status building or green building, the rental is the same. We have to educate our tenants,” said Fateh.

There is also a lack of enforcement, including the lack of legislative framework for green technology and lack of building codes and regulations.

“Tweak or relegislate certain framework for green technology. We've many building codes and regulations, but none for green technology,” said Fateh.

He said one of Rehda's flagship initiatives on the green front is GreenRE, a building rating tool launched in 2013 that provides certification of environmentally responsible and resource-efficient building in the residential and non-residential sectors, in addition to advice on sustainable property design and construction.


China Everbright shares crash after US$1.3b rights issue

HONG KONG, Aug 14 — China Everbright International Ltd plans to raise about HK$9.96 billion (RM5.18 billion) from a rights issue for its waste-to-energy projects, business expansion and the repayment of bank loans. The shares plunged as much as 26…


Mixed reactions from constructors following SST announcement

KUCHING: The prices of construction-related stocks saw mixed performance yesterday following the Finance Ministry’s announcement on the tax exemption of some construction materials. At closing, construction giants Mah Sing Group Bhd, Eco World International Bhd and Sunway Construction Group Bhd remained flat. Meanwhile, IOI Properties Group Bhd fell four sen to RM1.81 per share, Gamuda […]


Trade wars to hit M’sian steel sector

PETALING JAYA: The Malaysian steel sector will be affected negatively in 2018 and 2019 due to the trade wars on the external front, said MIDF Research.

“Changes in global trade policies, tepid global demand as well as the local steel mill cost structure will continue to impede any positive demand for the companies under our observation,” it said in a report today.

It expects the steel sector to experience more headwinds from the trade wars as China’s demand for steel is shaky, coupled with the slump in its construction industry.

“The demand from China’s manufacturing sector takes up to 360 million metric tons annually, close to 60% of its annual consumption. But, the demand is expected to shudder further due to China’s environmental health and occupational safety policies,” MIDF Research said.

It noted that steel players such as Ann Joo Resources, Lysaght Galvanised Steel, Southern Steel, SC Steel, Mycron Steel and Choo Bee Metal have reacted negatively to the announcements and influx of news on trade and tariff wars.

It expects the trend to persist because globally, steel demand is projected to grow to 1,616.1 million metric tons this year and tepid growth will be plagued by low demand for 2019, growing to 1,626.7 million metric tons.

“This means less demand for export for the local steel mill. Most of the local companies are affected by unwavering overhead costs and operational expenditure, making the sector unattractive,” said MIDF Research.

Meanwhile, the government has announced the exclusion of sales and services tax for building materials and construction services, which would be a breather for the construction sector from the grim outlook of project cuts, it added.


Trade wars to hit Malaysian steel sector

PETALING JAYA: The Malaysian steel sector will be affected negatively in 2018 and 2019 due to the trade wars on the external front, said MIDF Research.

“Changes in global trade policies, tepid global demand as well as the local steel mill cost structure will continue to impede any positive demand for the companies under our observation,” it said in a report today.

It expects the steel sector to experience more headwinds from the trade wars as China’s demand for steel is shaky, coupled with the slump in its construction industry.

“The demand from China’s manufacturing sector takes up to 360 million metric tons annually, close to 60% of its annual consumption. But, the demand is expected to shudder further due to China’s environmental health and occupational safety policies,” MIDF Research said.

It noted that steel players such as Ann Joo Resources, Lysaght Galvanised Steel, Southern Steel, SC Steel, Mycron Steel and Choo Bee Metal have reacted negatively to the announcements and influx of news on trade and tariff wars.

It expects the trend to persist because globally, steel demand is projected to grow to 1,616.1 million metric tons this year and tepid growth will be plagued by low demand for 2019, growing to 1,626.7 million metric tons.

“This means less demand for export for the local steel mill. Most of the local companies are affected by unwavering overhead costs and operational expenditure, making the sector unattractive,” said MIDF Research.

Meanwhile, the government has announced the exclusion of sales and services tax for building materials and construction services, which would be a breather for the construction sector from the grim outlook of project cuts, it added.


Bayer shares fall 10pc after Monsanto's Roundup cancer trial

FRANKFURT, Aug 13 — Bayer shares plunged more than 10 per cent today after a California jury ordered the German company’s newly acquired Monsanto subsidiary to pay US$289 million (RM1.2 billion) for not warning of cancer risks posed by its main…


Natural gas and renewable energy to fuel a sustainable future

KUALA LUMPUR: Natural gas and renewable energy could potentially fuel a sustainable future in the power and energy industry, the Malaysian Gas Association (MGA) and Shell Malaysia said. Exploring potential strategies to help the nation achieve its COP21 commitments, the MGA and Shell Malaysia recently co-hosted an industry talk on Shell’s ‘Sky Scenario: Meeting the […]