Tag Archives | Malaysia

Malaysian Firm addresses Renewable Energy in Libya

The National Oil Corporation (NOC) has met with the Malaysian company Bionas to better understand how the latest technological advances can be applied to the extraction of biofuel from the Jatropha tree to help combat desertification, as well as providing an additional renewable energy source. Such energy sources can be used to support the economies […]

New Allegations of Corruption in the Libyan Oil Industry

By John Lee. An investigation by Fairfax Media — publisher of The Age and The Sydney Morning Herald newspapers — and The Huffington Post, claims that Monaco-based Unaoil has been involved in widespread bribery and corruption in the oil industry, including in Iraq, Iran and Libya. Following examination of tens of thousands of emails, the report says that Unaoil […]

Protasco to Complete Libyan Work by 2015

Malaysia construction and engineering services group Protasco Bhd expects to complete its remaining projects in Libya by the end of this year or beginning of 2015, according to a report from The Star Online. Managing Director Datuk Chong Ket Pen (pictured) said in June 2013 that the company was restarting business in Libya at end-June after […]

Protasco eyes Libyan Business

Malaysia’s Protasco is reported to be banking on new jobs in Libya to improve overseas earnings. Group managing director Datuk Chong Ket Pen (pictured) told Business Times that the integrated infrastructure company is eyeing road and bridge repair works, as well as highway maintenance, adding: “We like Libya as it offers good contract prices. The […]

Malaysia to Train 500 Thuwar

Some 500 thuwar, the former revolutionary fighters, are to be sent to the Open University of Malaysia (OUM) for a year’s study focusing on English and computer science. The Director-General of the Warriors’ Affairs Commission of Libya (WAC), Mustafa Abdi Wahab Al Saqli, has said that the plan is to send 2,000 Libyans to Malaysia […]

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Protasco to be ‘Operational’ in Weeks

Malaysia-based Protasco Bhd, a mid-sized integrated infrastructure company, is returning to Libya and will be operational later this month to complete outstanding projects valued at US$20 million. Protasco executive chairman and group MD Chong Ket Pen (pictured) said: “The Libya government is being very supportive towards us. We have written off [$6 million] in provision […]

Protasco Returns to Libya

Malaysia-based Protasco Bhd, a mid-sized integrated infrastructure company, is to return to Libya at the end of June after halting operations in 2011 due to the revolution. Group managing director Datuk Chong Ket Pen (pictured) told StarBiz: “We have written off RM20 million [$7 million] in provision in the past two years for our halted […]

Central Bank Signs Islamic Banking Deal

The Global University of Islamic Finance and the Central Bank of Libya, signed a Memorandum of Understanding (MOU) to collaborate in the areas of executive training and education in Islamic finance. The collaboration is in line with International Centre For Education In Islamic Finance (INCEIF) vision to be the knowledge leader in Islamic finance through […]