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PM Anwar: To position Malaysia as top green investment hub

PM Anwar: To position Malaysia as top green investment hub

PM Anwar: To position Malaysia as top green investment hub

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news

3 minutes

3 minutes

Jul 16, 2024

Jul 16, 2024

Prime Minister Datuk Seri Anwar Ibrahim chairs the National Investment Council Meeting (MPN) No. 5/2024
Prime Minister Datuk Seri Anwar Ibrahim chairs the National Investment Council Meeting (MPN) No. 5/2024
Prime Minister Datuk Seri Anwar Ibrahim chairs the National Investment Council Meeting (MPN) No. 5/2024

KUALA LUMPUR, July 16 — Prime Minister Datuk Seri Anwar Ibrahim said the implementation of a more effective, organised, and systematic energy transition and green investment is needed to elevate Malaysia’s image, reputation, and attractiveness as a preferred green investment destination.

Anwar who chaired the National Investment Council Meeting (MPN) No. 5/2024 yesterday said the meeting also assessed and agreed on an action plan to improve the country’s competitive position.

“Consequently, this effort is expected to enhance Malaysia’s ranking in the World Competitiveness Index report published by the Institute for Management Development.

“The Madani Government is very optimistic and and believes that Malaysia is capable of improving its competitive position and achieving sustainable economic growth for the well-being of its people,” he said in a post on X, formerly known as Twitter, yesterday.

Malaysia took a significant step towards achieving its 70% Renewable Energy Mix target by 2050 with the inauguration of the largest hybrid solar power plant in Merchang, Terengganu.
Malaysia took a significant step towards achieving its 70% Renewable Energy Mix target by 2050 with the inauguration of the largest hybrid solar power plant in Merchang, Terengganu.
Malaysia took a significant step towards achieving its 70% Renewable Energy Mix target by 2050 with the inauguration of the largest hybrid solar power plant in Merchang, Terengganu.

Anwar, who is also the finance minister, added that several research findings related to the strategic plan were discussed at yesterday’s meeting, aimed at increasing green investments in line with the focus of making Malaysia a green investment destination and hub in the region.

He added that this effort is crucial to achieving the net zero carbon emission target as early as 2050, as outlined in the National Energy Transition Roadmap (NETR) and the New Industrial Master Plan 2030 (NIMP 2030). — Bernama

Mohd Suffry (left) with Chen pose after the MoU signing ceremony witnessed by special guest Datuk Seri Nasir Sakaran (center), the former Senallang state assemblyman.

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Investor-friendly policy a catalyst of green energy industry in Sabah

The implementation of investor-friendly policy by the State Government has brought positive development, including gaining attention from of one of the world’s economy leading nations, China. Chairman of a government-linked company (GLC) in China, Chen Pengyu, said the policy was timely and will have a major impact in the development in the Asian region. He said the policy had attracted more investors from his home country to engage in various industries in Sabah, particularly in the renewable and green energy sectors. “Companies from China will be more interested in investing in Sabah and help the state move towards utilising green energy. “I also hope that more companies from China and from around the world will invest in Sabah in the future … Sabah is a state worth investing in,” he said. Chen said this after the Memorandum of Understanding (MoU) signing ceremony between the company he represents, Shanghai Vision Industrial Development and Bumi Borneo Consultant and Training, which will see both parties collaborate in the development of green energy in Sabah. The MoU is part of the ‘business matching’ agenda witnessed at the 11th Sabah Oil, Gas and Energy Exhibition and Conference (SOGCE) 2024, which took place over two days starting Friday at the Sabah International Convention Centre (SICC). Meanwhile, the managing Director of Bumi Borneo consultant and Training, Mohd Suffry Abdul Rahman, said the opportunity to collaborate with foreign companies was an ideal platform to fulfill the state government’s aspirations as a catalyst for green energy industry in Sabah. “After the Sabah state government, through the Energy Commission of Sabah (ECoS), took over power in early January, we have been very positive. “There have been changes in terms of energy procurement. Although it has only been five to six months, we are already seeing results. “Last May, an open tender for solar was launched for all industry players to participate,” he added. Earlier at the same event, an MoU was signed between Shanghai Vision Industrial Development and Bumi Borneo Consultant and Training thus establishing cooperation between both parties for the development of green energy in Sabah.

← Previous

Investor-friendly policy a catalyst of green energy industry in Sabah

The implementation of investor-friendly policy by the State Government has brought positive development, including gaining attention from of one of the world’s economy leading nations, China. Chairman of a government-linked company (GLC) in China, Chen Pengyu, said the policy was timely and will have a major impact in the development in the Asian region. He said the policy had attracted more investors from his home country to engage in various industries in Sabah, particularly in the renewable and green energy sectors. “Companies from China will be more interested in investing in Sabah and help the state move towards utilising green energy. “I also hope that more companies from China and from around the world will invest in Sabah in the future … Sabah is a state worth investing in,” he said. Chen said this after the Memorandum of Understanding (MoU) signing ceremony between the company he represents, Shanghai Vision Industrial Development and Bumi Borneo Consultant and Training, which will see both parties collaborate in the development of green energy in Sabah. The MoU is part of the ‘business matching’ agenda witnessed at the 11th Sabah Oil, Gas and Energy Exhibition and Conference (SOGCE) 2024, which took place over two days starting Friday at the Sabah International Convention Centre (SICC). Meanwhile, the managing Director of Bumi Borneo consultant and Training, Mohd Suffry Abdul Rahman, said the opportunity to collaborate with foreign companies was an ideal platform to fulfill the state government’s aspirations as a catalyst for green energy industry in Sabah. “After the Sabah state government, through the Energy Commission of Sabah (ECoS), took over power in early January, we have been very positive. “There have been changes in terms of energy procurement. Although it has only been five to six months, we are already seeing results. “Last May, an open tender for solar was launched for all industry players to participate,” he added. Earlier at the same event, an MoU was signed between Shanghai Vision Industrial Development and Bumi Borneo Consultant and Training thus establishing cooperation between both parties for the development of green energy in Sabah.

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Malaysia International

Enterpreneur Federation

Persatuan Perusahawan Antarabangsa Malaysia

(ROS Reg. No :PPM-038-01-25062024)

Facilitating International Business Opportunities for Malaysian Entrepreneurs and Promoting Cross-Border Collaborations and Economic Development

Secretariat

Address :

No. 18, Jalan Kencana Mas 1/5, Kaw Perindustrian Tebrau 3 81100 Johor Bahru,
Johor.

Phone :

+6019-7373108

Email :

admin@mief.com.my

Newsletter

Stay Connected and Subscribe to MIEF's newsletter for a curated exclusive content delivered straight to your inbox.

© 2024 All Rights Reserved by MIEF. Built by MIEF

Malaysia International

Enterpreneur Federation

Persatuan Perusahawan Antarabangsa Malaysia

(ROS Reg. No :PPM-038-01-25062024)

Facilitating International Business Opportunities for Malaysian Entrepreneurs and Promoting Cross-Border Collaborations and Economic Development

Secretariat

Address :

No. 18, Jalan Kencana Mas 1/5, Kaw Perindustrian Tebrau 3 81100 Johor Bahru,
Johor.

Phone :

+6019-7373108

Email :

admin@mief.com.my

Newsletter

Stay Connected and Subscribe to MIEF's newsletter for a curated exclusive content delivered straight to your inbox.

© 2024 All Rights Reserved by MIEF. Built by MIEF