Nestcon plans diversification into renewable energy to expand revenue stream
The group foresees the RE business potentially contributing 25% or more to the group's net profits and/or diverting 25% or more of the group's net assets in the future.
The group foresees the RE business potentially contributing 25% or more to the group's net profits and/or diverting 25% or more of the group's net assets in the future.
“I have emphasised many times that the philosophy of leadership in KPKT is based on the Rukun Negara, and I am committed and eager to walk the talk.
"What is also important is for them to explore solutions to help the industry keep abreast of the latest green manufacturing technologies, to be in line with Malaysia's commitment to reduce greenhouse gas emissions by 45% by 2030 and achieve carbon neutrality by 2050.
The sustainability sukuk is priced at a yield of 5% with a periodic distribution of 5% per annum.
In addressing concerns regarding property owners’ interests, KPKT has outlined some points to be adhered to in the process of urban renewal.
The guidelines function as a strategic tool, inviting developers and relevant parties to revitalise areas with untapped potential through a set of attractive incentives.
“This is crucial in mitigating potential cost increases, as both the aluminium price and freight charges are expected to increase in the near future.
KPKT is also proposing a consent threshold of a simple majority, which is 51% for abandoned projects to be redeveloped.
The terminations are due to the REIT's unsuccessful bids to the Energy Commission to participate in the CGPP, according to its filing to Bursa Malaysia on Friday.
A new Act will surely come with its own set of challenges, but is KPKT capable of monitoring it when it has not been able to resolve the current spate of problematic projects? The Ministry of Local Government Development (KPKT) has recently announced that the Urban Renewal Act will be tabled next year.