Sarawak Business Federation signs MoU with Australian business organization VCCI

The MOU signing was part of the Chief Minister’s itinerary while in Melbourne that included the presentation of Swinburne’s University honourary doctorate award to him.

Abang Johari in his address after the signing ceremony said Sarawak is looking forward to greater collaboration with Victoria to enhance two-way trade and in the fields of training and further education.

He spoke at length to give an overview of Sarawak’s economic and demographic background, its strength and potentials, industrialisation, economic digitalisation and the development of a green economy.

Earlier, SBF president Datuk Abang Karim Tun Openg and VCCI chief executive Mark Stone also spoke. The chief minister and members of his entourage then proceeded to Swinburne’s campus in Hawthorn near Melbourne to familiarise themselves with new developments at the campus.

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Malaysia moves towards greener diesel

PUTRAJAYA: Malaysia is going for a greener diesel in February next year.

Prime Minister Tun Dr Mahathir Mohamad launched the B10 Biodiesel Programme that will see the fuel – comprising 10 per cent palm oil biodiesel and 90 per cent fossil diesel – used by all types of diesel vehicles in the transportation sector beginning Feb 1, 2019.

The use of 10 per cent palm oil biodiesel in Malaysia for vehicles such as four-wheel-drive vehicles, lorries and buses will reduce the emission of greenhouse gases by 1.6 million tonnes of carbon dioxide equivalent per year, he said.

The B10 programme will contribute to reducing the emission of carbon dioxide by 10 per cent per year from the total number of diesel vehicles in the country, he said when launching the B10 Biodiesel Programme for the Transportation Sector at Dataran Putra here.

Pictured: Prime Minister Tun Dr Mahathir Mohamad (second right) visiting an exhibition at launching of the B10 Biodiesel Programme for the transportation sector at Dataran Putra. Also seen are Primary Industries Minister Teresa Kok (left) and Deputy Primary Industries Minister Datuk Seri Shamsul Iskandar Md Akin (right). – Bernama

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Petronas Leading Women Network (PLWN) and partners champions gender equality in energy sector

Championing equal opportunities and diversity in the energy sector, the Malaysian Gas Association (MGA) in collaboration with Malaysia Women in Energy (MyWiE) organised the Forum on Women in Energy (FoWiE) for the second successive year.

The forum was officiated by the youngest Malaysian woman Minister Yeo Bee Yin, the Minister of Energy, Science, Technology, Environment and Climate Change.

Pictured:  Yeo (front row, fifth left) and Hazli (front row, fifth right) with the MyWiE Advisory Panel and heads of energy companies at FoWiE to promote diversity and inclusion

With MGA powering FoWiE 2018 themed ‘Innovation and Sustainability through Diversity’, the event focused on increasing diversity and agility to drive organisational evolution, how this change would impact business performance and sharing of best practices.

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Behind-the-scene: Chat with a PETRONAS Engineer On working in an F1 Team

The eldest of three, this Penang boy lists coffee brewing, coffee tasting, and reading as his hobbies. Growing up, he had an affinity for mathematics and science, and inspired by his father who is an avid Formula 1 fan, Nasri was naturally drawn to the field of engineering.

Image from PETRONAS

Image via PETRONAS

During high school, PETRONAS invited students to watch the Formula 1 race live at the Sepang Circuit. “It was such an exhilarating experience,” recalls Nasri, who would later be offered an Education Sponsorship by PETRONAS to further his studies in Australia, and subsequently joined the company upon graduation.

As a trackside engineer, Nasri looks after the products that are supplied to Mercedes and other customer teams

This includes the fuel, PETRONAS Primax, PETRONAS Syntium lubricant, and PETRONAS Tutela functional fluids.

Nasri’s responsibilities include analysing the fuel using the gas chromatograph to ensure consistency and look for contaminants. Together with his team, he also analyses engine and gear oils to determine the amount of wear metals after each session, thus indicating the health of the engine and gearbox. His work helps detect problems with the engine or gearbox, and prevents any kind of failure before the race.

Ever wondered what a “normal” work day looks like for a Formula 1 trackside team? Here’s a typical race week for Nasri:

Image from PETRONAS

Image via PETRONAS

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Malaysia’s 10-month trade surplus records new high

Malaysia’s trade surplus in the 10 months through October recorded a new high, expanding by 6.5% to RM1.558 trillion in comparison to the same period in 2017, with exports soaring by 7.5% to RM829.89 billion and imports grew by 5.4% to RM727.88 billion.

For October this year, trade reached RM90 billion for the first time, cementing positive growth momentum with major economies such as China, European Union and USA.

According to Malaysia External Trade Statistics, released by the Ministry of International Trade and Industry (Miti) trade in October this year expanded by 14.8% to RM176.43 billion compared to the same month last year.

Statistics also show trade surplus for the first 10 months rose by 25.6% to RM102.01 billion compared to the same period last year.

Trade surplus widened by 63.1% to RM16.32 billion, the largest trade surplus ever recorded thus far. This surplus marked the 252nd consecutive month of trade surplus since November 1997.

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Petronas submits St Joseph, Sabah offshore infill drilling plan

Hibiscus Petroleum has updated progress on production improvement measures at the North Sabah production-sharing contract offshore Malaysia.

Last month operator Petronas submitted its development plan for the St Joseph infill drilling project. This will involve drilling three infill producer wells using a triple splitter wellhead on the St Joseph Jacket-A (SJJT-A) platform.

The program should lift oil production by around 2,600 b/d at peak and will necessitate only minimal modifications to the platform’s topsides facilities at the SJJT-A platform.

Hibiscus estimates total capex for the project at RM142.5 million ($34.3 million). Drilling is due to start next April followed by first oil in June 2019.

Picture: Hibiscus Petroleum Managing Director, Kenneth Pereira

Source: Offshore Magazine

University gathers international experts to explore digital economy

In Miri, about 60 digital economy experts from different parts of the world gathered at Curtin University Malaysia to brainstorm ways to use digital technology for greater socio-economic benefits.

The university’s pro vice-chancellor Prof Jim Mienczakowski said the full potential of digital economy had not been achieved in Sarawak or Malaysia, and even in many advanced countries. “Many developing countries have yet to benefit from the promises of Science, Technology and Innovation (STI).

“As such, there is a need to empower today’s industries with new tools to respond to global challenges. “Scientists and engineers in academia and the industry should promote national and international interests by advancing strategies for employing STI to address global challenges and improve development outcome.

“Despite the changes happening around us, one thing that has not changed is the pressure to find new ways of exploiting new knowledge,” he said.

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