Sarawak’s commitment of positioning itself as a regional green energy hub serves as a push for the establishment of robust policies and procedures aimed at reaching and upholding transparency, integrity and good governance.

In stating this, Deputy Premier Datuk Amar Awang Tengah Ali Hasan says the commitment comes with a strong focus on improving the ease of doing business in line with the environmental, social and governance (ESG) principles.

“There is no doubt that green energy sources such as hydropower would become the main driving force towards achieving the Net Zero 2050 aspiration. Indeed, Sarawak has the potential to generate 20,000 MW of hydropower.

“So far, we have developed 5,625 MW (in power generation), with 70 per cent of it deriving from renewable energy sources.

“Our goal is to generate 10,000 MW of energy by 2030, and this will be achieved through hydropower using various methods such as cascading, biomass including wood-pellet and waste-to-energy, as well as solar and wind energy,” he spoke at the closing ceremony of the Bumiputera Economic Congress in Kuala Lumpur last Saturday.

Moreover, he said under the leadership of Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg, Sarawak had succeeded in producing Sustainable Aviation Fuel (SAF) via a pilot project in Kuching.

According to Awang Tengah, the focus on SAF would be on developing it commercially to meet the needs of the aviation industry.

“According to the Corporate ESG Report, 50 of the world’s major airlines have set a target of using 11.4 billion litres of SAF per year by 2030.

“Sarawak has also succeeded in producing hydrogen through a plant in Kuching for the use of hydrogen-powered vehicles. Even the Autonomous Rapid Transit (ART) project, currently being implemented, will also use hydrogen.

“We will also produce hydrogen commercially for domestic use and exports through collaboration by SEDC (Sarawak Economic Development Corporation) with companies from South Korea and Japan,” he added.

On the Bumiputera entrepreneurs’ significant role in propelling Sarawak towards its vision to becoming a developed state by 2030, Awang Tengah pointed at the establishment of InvestSarawak as a measure to help these entrepreneurs tap into the ‘green economy’.

He said the fact that the digital economy affected each and every one, including sthe civil servants and the people, providing such assistance was necessary to boost the participation in green economy.

He added: “InvestSarawak has partnered with Alliance Bank Malaysia Berhad and United Nations Global Compact Network Malaysia and Brunei (UNGCMYB) in providing green financing amounting to RM1 billion to SMEs (small-medium enterprises) in Sarawak.

“The ‘New Economy’ involves the latest technology, high expertise and large capital.

“I am confident that Bumiputera entrepreneurs can involve themselves in the ‘New Economy’ and take advantage of it, either by doing it on their own or collaborating with non-Bumiputera entrepreneurs, or with international companies,” he said, while calling upon the government and Bumiputera entrepreneurs to work hand in hand in making sure that Malaysia would prosper. 

Source: Borneo Post

Sarawak’s green energy commitment a push for creation of solid policies, says deputy premier

The Ministry of Energy Transition and Water Transformation (PETRA) and the Energy Commission (EC) are developing the National Energy Efficiency Action Plan 2.0 2026-2035 (NEEAP 2.0) to continue the government’s efforts to achieve the targets of the National Energy Transition Plan.

Deputy Prime Minister Datuk Seri Fadillah Yusof said the government expects more job opportunities, business potential and investment to be created for the benefit of the people and the country through the implementation of NEEAP 2.0.

He said the government had previously launched the National Energy Transition Roadmap (NETR) which outlined the country’s efforts and commitment towards achieving a sustainable and inclusive energy system.

“NETR proves the government’s determination in implementing the energy transition initiative from a traditional fossil fuel-based economy to a high-value green economy.

“It is also to ensure that this sustainable economic transformation is capable of generating new sources of growth, creating business opportunities and trade potential,“ he said on the second day of the Bumiputera Economic Congress (KEB) 2024 here today.

The NETR was launched by Prime Minister Datuk Seri Anwar Ibrahim in August 2023, potentially strengthening Malaysia’s commitment to achieving the aspiration of net zero greenhouse gas (GHG) emissions by as early as 2050.

Fadillah who is also the Minister of Energy Transition and Water Transformation said the government has set a commitment to increase the mix of renewable energy (RE) capacity in the country’s electricity supply to 70 per cent by 2050 compared to 25 per cent currently.

“This effort requires cooperation and the involvement of the government, the private sector and the people to ensure the success of all RE initiatives and programmes to achieve the target,“ he said.

According to him, efforts to realise the energy transition target will be done comprehensively based on careful consideration of several capacity factors such as the grid system, demand for green electricity supply, economic spillover value and willingness to pay by consumers.

He said the energy transition aspirations will be realised through the implementation of several initiatives including the development of solar power plants to increase the supply of green electricity at a reasonable cost, utilising the roof space of buildings or water surfaces for the installation of solar systems to avoid land reclamation and exploring the development of a regional grid system under the Asean Power Grid initiative.

He said the implementation of various initiatives could open up more business opportunities and new economic potential to be utilised and enjoyed by all parties, including small and medium enterprises (SMEs), especially bumiputera entrepreneurs.

“All these initiatives are a catalyst for the implementation of more RE programmes as well as enabling the involvement and participation of more bumiputra entrepreneurs in the energy transition agenda,“ he said.

KEB 2024 which started yesterday will draw its curtain tomorrow. The congress involved the presentation of findings from the management engagement session covering 10 groups.

Among the groups are those on Education Reform and Human Capital, Technical and Vocational Education and Training (TVET) Main Career Choices, Halal Industry Strengthening, Rural Development and Indigenous Community Empowerment.

Source: Bernama

Fadillah: PETRA, EC developing NEEAP 2.0 to boost job opportunities, business potential and investments

Bridge Data Centres (Bridge Data) is expanding its presence in Malaysia by acquiring new land in Selangor to build its third data centre, MY02, in Cyberjaya. 

The new data centre is expected to be the largest among the three developments.

In partnership with Cyberview Sdn Bhd (Cyberview), the expansion will increase Bridge Data’s IT capacity by about 87 MW across three phases.

Each phase involves constructing a three-story data centre.

Bridge Data’s strategic investment will not only boost the growth of supporting businesses but will also have the potential to inspire innovation in various industries.

By investing in key sectors, Bridge Data aims to drive economic growth and enhance competitiveness. This investment marks a significant step towards sustainable growth, job creation, and fostering a skilled workforce.

In 2023, Cyberjaya witnessed a surge in data centre investments, solidifying its position as a global technology hub.

It is currently home to 15 commercial and captive data centres including hyperscale, as well as the location for 90 per cent of Malaysia’s co-location data centres.

In a statement today, Brudgw Data aaid the sales and purchase agreement was formalised in a ceremony at RekaScape, Cyberjaya.

It was officiated by Cyberview chief executive officer Kamarul Ariffin Abdul Samad and Bridge Data olutions vice president for Asia Pacific Patrick Png.

Bridge Data is a big player in hyperscale data centres, focusibg on making the infrastructure super reliable and essential for their customers. 

It uses advanced cooling tech to keep things running smoothly while keeping costs down.

Malaysian Investment Development Authority chief executive officer Datuk Wira Arham Abdul Rahman stressed that continuous investment shows how confident Bridge Data is in Malaysia, making it even stronger as a hub for data centers in the region.

“Aligned with the New Industrial Master Plan (NIMP) 2030, Bridge Data commitment contributes to the nation’s sustainable economic growth, creation of high-skilled jobs for locals, and propel the digital transformation journey,” he said in a statement today.

Malaysia Digital Economy Corporation (MDEC) chief executive officer Mahadhir Aziz said Bridge Data being the largest data centre development coming to Malaysia will make the country a top digital hub in Asean.

Source: NST

Bridge Data to build its largest data centre in Malaysia

THE initiatives set forth by Deputy Prime Minister and of Energy Transition and Water Transformation Minister, Datuk Seri Fadillah Yusof, in support of the large-scale solar (LSS4) players mark an epochal leap in confronting the challenges of renewable energy (RE) development in the country.

In particular, the extension of power purchase agreement (PPA) tenures by four years and the innovative proposition allowing developers to retain their projects’ green attributes for trading through renewable energy certificates (RECs) mechanisms deserve commendation.

These strategic moves not only signify a proactive governmental stance but also represent a pivotal shift towards enhancing the economic landscape of the RE sector.

Shift towards a more inclusive understanding of RE benefits

A poignant reflection on the second initiative regarding Environmental Attributes reveals a profound evolution in policy focus.

Drawing on my experience as the general manager of customer services at Tenaga Nasional Bhd (TNB) during the enactment of the Renewable Energy Act 2011, the historical context underscores the transformation towards a more inclusive understanding of RE benefits.

FiT instrumental in facilitating economic feasibility

Globally, the adoption of State Renewable Portfolio Standards (RPS) and Feed-in Tariff (FiT) programmes are two primary mechanisms fostering RE growth. Malaysia’s strategic selection of the FiT programme has played a pivotal role in promoting early-stage RE sources.

By facilitating economic feasibility through long-term agreements and production-cost-based pricing, this approach has significantly mitigated investment risks, encouraging the robust expansion of the RE sector.

The successful integration of various technologies such as rooftop/ground-mounted solar, hydro, biogas and biomass into Malaysia’s energy generation landscape through the FiT programme, funded by the RE fund, exemplifies its efficacy.

LSS bidding matches grid parity prices

Illustrative of the government’s forward-thinking approach are the bid prices witnessed in the LSS tenders, particularly LSS3 and LSS4.

LSS3 saw bid prices matching grid parity prices with offers ranging between 17.7 sen per kilowatt-hour (kWh) and 24 sen per kWh from 112 bidders, including international consortiums.

This trend continued in LSS4, with competitive bids reflecting the sector’s maturity and the effectiveness of policy interventions in driving down costs and fostering sustainable development.

Malaysian REC marketability internationally

To further enhance the marketability of Malaysian RECs internationally, creative strategies can be implemented.

These may include establishing single buyer as a third-party verifier to avoid double accounting, certifying under an international standard (for example, IREC), and appointing a local issuer such as the Sustainable Energy Development Authority (Seda).

This would undoubtedly elevate Seda’s prominence as the RE Development Authority in Malaysia.

Moreover, introducing tiered incentives for projects exceeding certain environmental benchmarks could incentivise developers to pursue higher standards of sustainability, thereby accelerating the sector’s growth.

Incentives for accelerated growth in RE

A graduated, incentive-based system that encourages continuous improvement and innovation in environmental sustainability can be achieved through tiered incentives.

By offering greater rewards for higher levels of achievement, developers are motivated to invest in more advanced technologies, adopt more efficient practices and pursue more ambitious sustainability goals, ultimately leading to faster growth and development in the RE sector.

The introduction of RECs represents a pivotal development in the market-based promotion of RE. These certificates embody the environmental, social and other non-power attributes of renewable electricity generation, providing a versatile mechanism for trading and supporting the RE market.

The decision to allow RE developers to retain their projects’ green attributes enhances the economic viability of future solar projects and contributes positively to the National Energy Transition Roadmap (NETR).

Paradigm shift fosters free market activities

For the NETR to realise its ambitious goals, a paradigm shift towards encouraging free-market activities through adaptive policies and guidelines is crucial. This strategy will facilitate the rapid maturation of Malaysia’s electricity market, stimulate innovative growth in the sector and position Malaysia as a frontrunner in the Asean RE transition.

The announcement of the fifth competitive bidding round for the LSS programme (LSS5) with an impressive quota of 2000 megawatt (MW) is a further testament to the government’s commitment to advancing the RE agenda.

Additionally, the NETR’s vision to enable RE export to Singapore signifies a strategic move to position Malaysia as a leader in the Asean RE transition. This initiative should promote broader market participation and leverage deregulated markets to maximise economic benefits.

The current retailing of RECs at US$65 per megawatt hour in Singapore highlights the potential for significant financial returns and underscores the importance of innovative marketing strategies in reducing project costs and supporting green financing.

Malaysia: Frontrunner in Asean RE transition

The proactive and visionary approach of the Deputy Prime Minister in addressing green energy attributes, as evidenced during the LSS4 and anticipated in future initiatives, positions Malaysia as a frontrunner in the Asean RE transition.

This forward-looking strategy emphasises the role of the government as a policymaker and the regulator and utility for effective deployment of policy rather than an active market participant.

It ensures that the utility sector is focused on enhancing grid resilience and facilitating market entry for the increasing RE participants.

In conclusion, the recent measures by Malaysia’s government, particularly the extension of PPA tenures and the innovative approach to Environmental Attributes, signify a progressive shift towards a sustainable and economically viable RE sector.

Coupled with the encouragement of free-market dynamics and visionary leadership in RE policy formulation, these strategies are critical in achieving the objectives of the NETR and positioning Malaysia as a leader in the regional RE transition.

Nirinder Singh Johl is the founder and CEO Asia Carbonx Change Plt. He was formerly the managing director of TNBX, a subsidiary of TNB. The views expressed here are the writer’s own.

Source: The Star

Revisiting the strategy for effective NETR

The government is committed to growing the digital economy in Malaysia as it plays a pivotal role in boosting the economy, proactively anticipating and facilitating investors’ needs by creating strategic intersections between government initiatives and tech investments, said Digital Minister Gobind Singh Deo.

He said that Malaysia has a unique blend of factors that position it as a premier investment hub in Southeast Asia and is poised to be a digital frontrunner in Asean, fuelled by a young and skilled workforce, dynamic tech ecosystem, and regulatory environment conducive to business growth.

“With a sustained and robust gross domestic product growth and a strategic location at the heart of Asean, Malaysia offers access to a young, tech-savvy consumer market comprising over 400 million digital consumers in the region.

“In today’s rapidly evolving digital landscape, the global playing field has been transformed, presenting fresh opportunities for innovation, investment in emerging technologies, and the development of solutions in high-growth markets.

“Indeed, Malaysia is strategically positioned to capitalise on these opportunities, with its vibrant tech ecosystem, skilled workforce, and supportive regulatory environment,” he said in his keynote address at Tech Nexus 2024 here, today.

He also said that the government aimed to ascend Kuala Lumpur to be among the 20 cities globally that offer the best ecosystem to incubate startup businesses through KL20, a sectoral blueprint set to be launched this year.

In line with the Madani government’s ambition, the ministry intends to foster an enabling technology ecosystem that empowers players to innovate and drive transformative solutions for society.

Additionally, he highlighted three initiatives under the ministry’s purview for investors, such as regulatory certainty through the Bill of Guarantees which entitles qualified companies to a set of incentives, rights, and privileges from the government under Malaysia Digital.

“The others are the special visa programmes, such as the Foreign Knowledge Worker pass and DE Rantau Programme; and the Premier Digital Tech Institutions, which establishes a pipeline of skilled talent by bringing together key industry players and institutions of higher learning,” he said.

Meanwhile, on the Tech Nexus event hosted by Endeavor Malaysia, Gobind said he believed the discussions among the panellists and technocrats would yield productive insights on breakthrough innovations, challenges, and opportunities in deep tech areas, as they relate to the government’s policy and regulatory environment and Malaysia’s digital future.

The one-day Tech Nexus event is aimed at fostering connections and embracing innovation among visionary founders and key industry players.

The gathering was also extended to 42Geeks, a prestigious organisation boasting more than 50 esteemed technocrats and founders hailing from the US, the Philippines, Saudi Arabia, Brazil, Japan and Singapore. 

Source: Bernama

Digital minister: Govt committed to boosting digital economy, facilitate investors’ needs

Prime Minister Datuk Seri Anwar Ibrahim received a courtesy visit from the co-founder and chief executive officer of Grab Holdings Inc., Anthony Tan today.

Tan was accompanied by Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz.

In a post on Facebook, Anwar said he was briefed on Grab’s potential investment in Malaysia during the meeting.

“This is related to businesses such as Grab and Jaya Grocer. In addition, the operation of GX Bank is expected to involve an investment of RM1.5 billion for the next five years,” said the Prime Minister.

GX Bank Bhd is a digital bank in Malaysia through a joint venture between Grab Holdings Ltd and Singapore Telecommunications Ltd (Singtel).

Commenting further, he said they had also discussed how Grab can grow with a business model that also helps Malaysian communities and businesses in increasing opportunities to generate income.

“Hopefully, Anthony’s tenacity will be an inspiration to other Malaysians, especially those who are interested in venturing into the field of technology entrepreneurship,” he added.

Tan is a Malaysian-born entrepreneur who successfully founded a technology company listed on the Nasdaq Stock Exchange in the United States.

Grab now has a market capitalisation of US$12.34 billion.

Source: Bernama

PM meets with Grab founder, briefed on RM1.5 bln investment plan

The Sarawak government is looking forward to tap into the latest technological advancements showcased in the Mobile World Congress (MWC) Barcelona 2024 as preparation to become a major digital economy powerhouse in the region as outlined in the Sarawak Digital Economy Blueprint 2030.

State Utility and Telecommunication Minister Datuk Seri Julaihi Narawi said these latest technological advancements would help to create dynamic digital economy, which requires a strong digital foundation including digital infrastructure, talents, innovation and cyber security.

“Of course, our presence in the MWC 2024 is one of the efforts to update and keep ourselves abreast with latest developments and technologies showcased here. So, we hope we would able to tap the latest technologies in order to update ourserves,” he told reporters during a media rountdtable on the sidelines of the MWC 2024 in Fira Gran Via here on Monday.

Besides that, he said, technological advancements also would help the state to expand the coverage and provide connectivity especially for rural communities.

He said in hard-to-reach areas, the state government has equipped 773 sites with very small aperture terminals (VSATs) as an interim solution to give Internet access to the underserved community.

Julaihi shared that 1,472 towers have been implemented throughout Sarawak through the Sarawak Linking Urban, Rural and Nation (SALURAN) and National Fibersation and Connectivity Plan (JENDELA) initiatives.

He also noted that the 4G coverage in Sarawak is at 66 per cent and is expected to reach 93 per cent upon the towers’ completion by end of this year.

Julaihi pointed out that as one of the first states to roll out the 5G network, Sarawak currently has 514 sites that have been commissioned and 585 sites planned to be on air by 2024 with a 64.8 per cent coverage.

He said with Sarawak’s vast landscape, it is estimated the state will need 7,000 telecommunication structures to achieve 99.9 per cent Internet penetration throughout Sarawak.

Meanwhile, Julaihi also said Huawei Technologies (Malaysia) Sdn Bhd is working closely with the state government in providing digital infrastructure and solutions.

Key projects through the partnership include Sarawak Network and Cloud, Kuching Smart City Master Plan and Sarawak Rural Broadband Network (MySRBN) to extend the 4G network and connectivity throughout the state and Sarawak Multimedia Authority Rural Telecommunication (SMART).

Earlier, Julaihi officiated the Sarawak Pavilion before visiting the Malaysia Pavilion together with his delegation at the MWC 2024, the largest annual gathering in the telecommunications industry hosted by the Groupe Speciale Mobile Association (GSMA).

Source: Bernama

MWC 2023: Sarawak eyes latest technologies to become digital economy powerhouse

Empowering cities, electrifying mobility, decarbonising energy, accelerating circularity and conserving biodiversity will be some themes in the spotlight at the International Greentech and Eco Products Exhibition and Conference Malaysia (Igem) 2024, which will be happening from Oct 9 to 11 at the Kuala Lumpur Convention Centre. 

“We all realise the issue of climate urgency and the challenges that are in front of us. Often people are looking for solutions, what technologies are out there, and what is already scalable. When you have trade events such as [Igem], there’s an opportunity for people to look at the products and the services that are available in the market for people to utilise, whether it’s governments or corporations,” said Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad at the soft launch of Igem 2024 on Monday.

Themed “Race Towards Net Zero: Regional Leadership for Climate Urgency”, Igem 2024 will target RM4.8 billion in business leads, 480 exhibitors, and 48,000 visitors from over 48 countries.

“We are also pushing the boundaries of our influence to develop Igem’s footprint in Europe, the Middle East and North Africa through industry-curated leadership roundtables, summits and congresses,” said Nik Nazmi. 

Igem 2024 will have dedicated industry zones for hydrogen and other carbon technologies, a central zone showcasing integrated partner innovations from global corporations, and a multi-venue future of electric mobility exhibition. 

Organised by the ministry and the Malaysian Green Technology and Climate Change Corporation, with the Malaysian Investment Development Authority (Mida) as a strategic partner, Igem 2024 will include the launch of the Malaysia Pavilion at the United Nations’ 29th Conference of the Parties.

“With the vast opportunities at Igem 2024, we strongly encourage industry associations and corporations to sign up as participants today. On behalf of the ministry, I hope for cooperation from the ministries and state governments to participate and showcase the green initiatives to a broader audience,” added Nik Nazmi. 

Over the past 14 years, Igem has had a track record of RM53.1 billion in business leads, more than 4,000 exhibitors, and over 600,000 visitors from 122 countries. 

Furthermore, Mida has received six green investment projects with an accumulative proposed investment of RM1.4 billion from the leads at Igem 2023. Mida has also been instrumental in highlighting the investment opportunities within the green technology sector, contributing to potential investment leads worth RM5.8 billion, according to the agency.

Source: The Edge Malaysia

Spurring the green economy and sustainable development

The International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) 2024 has targeted RM4.8 billion in business leads, 480 exhibitors and 48,000 visitors from over 48 countries, says Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.

Nik Nazmi said IGEM 2024, which will mark its 15th anniversary this year, is based on five sub-themes, namely empowering cities, electrifying mobility, decarbonising energy, accelerating circularity and protecting biodiversity.

“As new attractions to mark the 15th anniversary, we have planned a dedicated industry zone for hydrogen and other carbon technologies and a central zone showcasing integrated partner innovation from leading global companies,” he said in his speech at IGEM 2024’s soft launch here today.

Themed “Race Towards Net Zero: Regional Leadership for Climate Urgency”, IGEM 2024 will be held at Kuala Lumpur Convention Centre from October 9-11, 2024.

The annual event will be organised by the Ministry of Natural Resources and Environmental Sustainability (NRES) and co-organised by the Malaysian Green Technology and Climate Change Corporation.

Nik Nazmi said IGEM 2024 will have a Central Energy Transition Asia (CETA) zone for the first time, which will showcase global innovation pavilions, and another first will be the multi-venue connected autonomous shared electric mobility future exhibition.

“Over and above these, we will also be hosting the circular economy showcase for the first time, which will bring together key leaders in innovative practices, technologies, and businesses,” he said.

According to the minister, the government is pushing the boundaries of its influence to develop IGEM’s footprint in Europe, the Middle East and North Africa through industry-curated leadership roundtables, summits and congresses.

“This showcase will hugely accelerate the business avenues for all IGEM participants,” he said.

Nik Nazmi also revealed that Prime Minister Datuk Seri Anwar Ibrahim has been invited to officiate IGEM 2024.

Given the many exciting avenues and opportunities for businesses to leverage, he urged companies and financial institutions to consider becoming sponsors for IGEM 2024 to help uphold as well as accelerate Malaysia’s regional leadership in green technology and climate change.

On the IGEM 2023, the minister said the event saw a record RM11.17 billion in business leads resulting from over eight memoranda of understanding (MoUs), memoranda of intent (MoIs) and other international and inter-industry agreements.

“For the past 14 years, IGEM became a key driver in growing the green economy in terms of generating RM53.1 billion in business leads, attracting over 600,000 visitors from 122 countries,” he said.

Meanwhile, Nik Nazmi said Malaysia achieved close to RM50 billion in business collaboration in the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCC COP28) in Dubai, United Arab Emirates, last year.

He added the country’s pavilion secured 17 MoUs and partnerships at the event. 

Source: Bernama

IGEM 2024 targets RM4.8b in business leads, 48,000 visitors, says minister

Empowering the Technical and Vocational Education and Training (TVET) programme as a whole will minimise Malaysia’s dependence on skilled foreign workers, especially in those fields, said Higher Education Minister Datuk Seri Zambry Abd Kadir.

He said one of the approaches used is to expand the field of TVET studies to the highest level via the Malaysian Technical University Network (MTUN).

“Through MTUN, involving Universiti Malaysia Pahang (UMP), Universiti Tun Hussein Onn Malaysia (UTHM), Universiti Malaysia Perlis (UniMAP), and Universiti Teknikal Malaysia Melaka (UTeM), we will provide a pathway for these TVET graduates,” he said

Zambry was speaking to the press during the Back to School Programme 2024 at the Dewan Merdeka, Manjung Municipal Council (MPM) today.

“This means their path after finishing school is not only limited to the certificate or diploma level but can be expanded up to the Doctor of Philosophy (PhD) level,” he said, adding the comprehensive empowerment of TVET also indirectly removes the stigma of society that sees it (TVET) as a second-class field.

Apart from this, the ministry will also emphasise increasing the number of graduates majoring in electricity and electronics, which is still decreasing even though these fields have a high job demand.

“We can only produce 5,000 engineers a year, but we actually need around 53,000 engineers (a year). This matter will be examined and emphasised to achieve the desired standard,” Zambry said.

Earlier, the ministry presented donations, worth RM150,000, to students from the B40 group in the Lumut Parliamentary constituency via the programme.

Source: Bernama

Empowering TVET will reduce foreign skilled worker dependence — Minister

Selangor hopes to nurture talents in data analytics, machine learning

A total of 31 final-year degree students graduated from a course aimed at giving them intensive training in data analytics and machine learning.

The AI Nusantara programme at Universiti Selangor (Unisel) in Kuala Selangor was taught by Selangor Digital School (SDS).

It is a collaboration between Selangor Information Technology and Digital Economy Cooperation (Sidec), which is a subsidiary of Invest Selangor Bhd, and The Hive Southeast Asia, which offers early-stage financing for startups.

The month-long programme came with internship placements with 105 leading tech companies that have agreed to cooperate with Sidec and SDS.

One of the students at the graduation ceremony held at I-City in Shah Alam was Unisel computer science (industrial computing) student Aleeya Umairah Mohd Isa, 21.

She said the AI Nusantara programme exposed her to apps used by consumers on a daily basis.

“It helped me learn beyond classroom walls,” she said.

Currently serving her internship at a smart home solution and security company, Aleeya said she hoped to reach the level of the company’s top programmer who could not only write software but create new products as well.

Another graduate, Unisel information technology student Mas Nor Zalia Elisa Mat Zahid, 21, said she signed up for the free programme as she viewed it as an opportunity to get a jump start in the job market.

Guests of honour at the ceremony were Selangor Mentri Besar Datuk Seri Amirudin Shari and state investment, trade and mobility committee chairman Ng Sze Han.

Also present was Sidec chief executive officer Yong Kai Ping, who said SDS aimed to nurture 600 talents this year.

“The programme is designed to address the shortage of workforce in the artificial intelligence (AI) field, particularly in digital marketing and prompt engineering.

“Our goal is to see these students working in leading tech companies and not end up in other fields,” said Yong.

Ng, in his speech, said the programme was helping to create a tech-savvy workforce that would be much needed in smart cities.

Amirudin, who presented certificates to the graduates, said the programme was a step in the right direction towards Selangor developing its own technology hub with an aim to providing the private sector with a capable workforce.

A memorandum of understanding stipulating the credits of cloud services between YTL Power International Bhd and SDS was also handed over during the ceremony.

Source: The Star

AI course partnership boon for state’s tech ambitions

As the world moves to reduce carbon emissions, the three core dimensions of energy sustainability in the forms of energy security, social equity and environmental impact mitigation are creating a trilemma for countries and policymakers.

For Malakoff Corporation Bhd, Malaysia’s largest independent power producer, the trilemma underscores the group’s energy transition approach, compelling it to reposition with a strategic focus on renewable sources while ensuring that the nation’s energy security is not compromised.

Managing Director and Group CEO Anwar Syahrin Abdul Ajib says the viability of thermal power plants is still relevant in the energy industry. This is because thermal plants can produce electricity with higher efficiency and provide power supply security for the country.

Winner of the Independent Power Producer of the Year award for biomass co-firing at Enlit Asia 2023, Malakoff’s existing thermal power plants supply 24.1% of Peninsular Malaysia’s total electricity generation. Through this, the group continues to support the nation’s power demand by addressing the country’s energy trilemma while balancing its own growth journey towards sustainability, in line with the government’s long-term aspirations.

Decarbonisation through co-firing

One of Malakoff’s key initiatives to significantly reduce greenhouse gas (GHG) emissions involves the decarbonisation of its largest thermal plant with a 2,100MW capacity through biomass co-firing. Both Malakoff and the Ministry of Plantation and Commodities have been designated to spearhead this flagship project and Malakoff is the only public-listed company in the National Energy Transition Roadmap to do so.

Biomass is considered a renewable energy source because it comes from organic materials such as wood, agricultural residues and organic waste. Unlike coal, which is a finite fossil fuel, biomass can be replenished through sustainable practices.

Moreover, biomass combustion generally releases fewer GHG emissions compared to coal. The carbon dioxide released during biomass combustion is part of the natural carbon cycle as plants absorb carbon dioxide during their growth.

“Many existing coal-fired power plants can be adapted for biomass co-firing, whereby biomass is burned alongside coal. This allows for a gradual transition without significant infrastructure changes,” Anwar Syahrin says.

Malakoff started its biomass co-firing project in December 2022 with a 12-day trial burn at its existing coal-fired Tanjung Bin Power Plant (TBPP) at a 0.5% biomass co-firing ratio, utilising one of its coal mills.

The initial pilot phase, featuring a 2% co-firing system, is expected to be installed and commence operations in 2024. Subsequently, a second pilot phase, incorporating a separate system with a capacity of 3% to 5% co-firing, is projected to be operational by 2025. These pilot-phase systems are anticipated to use empty fruit bunch pellets as the primary biomass fuel while TBPP continues its ongoing studies and assessments of other types of biomass fuels such as wood chip pellets, rice husk pellets and palm kernel shell, subject to their availability and feasibility for co-firing.

Through co-firing, TBPP is expected to significantly reduce its GHG emissions while providing grid stability at the same time. This fits into Malaysia’s commitment to a just energy transition, focusing on ensuring an equitable shift to a greener economy.

Anwar Syahrin points out that there have been a lot of successful projects worldwide in transitioning from coal to biomass firing, including Drax Power Station in the UK, the biggest plant that has fully converted several of its coal units to biomass.

Working with experienced consultants

Malakoff has engaged with experienced consultants who played pivotal roles in the successful transformation of these pioneering facilities, working with the same consultants who have worked on the Drax power plant.

“These established plants serve as inspiring examples of sustainable energy production, showcasing the feasibility and success of this transition,” Anwar Syahrin says.

“Their expertise and insights are invaluable assets as we navigate the complexities of transitioning to biomass firing, ensuring a smooth and effective adaptation that contributes to our commitment to this co-firing project,” he adds.

As part of the group’s commitments to transitioning towards a low-carbon economy, Malakoff has rolled out a sustainability framework to ensure adherence to its commitments to achieving sustainability goals. This includes achieving a renewable energy (RE) capacity of 1,400MW and reducing GHG emissions intensity by 30% by 2031 from a 2019 baseline. Other targets include 10,000 tonnes of waste collected per day by 2031 and a recycling rate of 15% to 20% from waste collected by Alam Flora Sdn Bhd by 2025.

Expanding RE portfolio

As part of plans to expand its renewable energy portfolio, Malakoff has agreed to install electric vehicle charging stations at Gas Malaysia headquarters and offices at Jalan Gurney in Kuala Lumpur. In addition, Malakoff has also entered into several strategic partnerships to advance in solar power, including a collaboration with Abu Dhabi Future Energy Company PJSC-Masdar to identify business opportunities in the investment and development of solar photovoltaic power plants with a target capacity of up to 1,000MW.

Malakoff has also secured the right to own, operate and maintain three small hydropower plants in Kuala Krai, Kelantan, with a total installed capacity of 84MW. The total net energy output produced annually by the project will offset over 272,424 tonnes of CO emissions.

“Malakoff’s key focus in the RE space is in solar, small hydro, biogas, biomass and waste-to-energy. These are key segments that provide significant growth opportunities as we pursue the energy transition pathway, in line with the government’s target of achieving a new RE capacity mix target of 70% by 2050,” Anwar Syahrin says.

Malakoff is realigning its businesses in the quest to stay relevant in a low-carbon economic model. These include finding tools that can help reduce electricity consumption in households by combining solar, battery and artificial intelligence devices that can anticipate electricity usage.

All said, Malakoff is always on the lookout for ways to bolster energy security for Malaysians while concurrently evolving the business to reduce its carbon footprint for a more sustainable and greener Malaysia, which is in line with its tagline of Enhancing Life, Enriching Communities.

Source: The Edge Malaysia

Malakoff champions biomass co-firing in Malaysia, pursues growth in renewable energy

Sabah is seeking more cooperation with Japan to enhance development of biomass, green industries and renewable energy technologies in the state, says Datuk Phoong Jin Zhe.

The Sabah Industrial Development and Entrepreneurship Minister said it was important for Sabah to learn from Japan’s leadership and technology to drive sustainable growth and development in the state.

“We are enthusiastic about fostering better and closer ties with Japan and are excited about the potential collaboration between Sabah and Japan,” he said during a recent luncheon with Japan Ambassador to Malaysia Takahashi Katsuhiko.

“To further explore collaboration opportunities and welcome more potential investors to Sabah, our ministry will organise a business forum,” he said.

The discussion centred around potential collaboration between Sabah and Japan, focusing on industrial development and investments.

Also in attendance was the Japanese Consul-General in Kota Kinabalu Yamashita Yoshito.

Source: The Star

Sabah seeking collaboration with Japan to enhance green technology development

IN its quest to become a leader in green technology, Melaka has embarked on an ambitious path towards sustainability and energy independence. With a strategic focus on solar energy, the state is making significant strides in renewable energy investment, setting an example for Malaysia and beyond. This article explores Melaka’s journey, highlighting the solar projects that are central to its renewable energy strategy.

SOLAR POWER AT THE FOREFRONT

At the heart of Melaka’s green initiative is the development of solar energy projects. The KMB Solar Farm in Alor Gajah exemplifies the state’s commitment to harnessing the sun’s power. This project, among others, is instrumental in shifting the state’s energy mix towards cleaner sources, reducing carbon emissions and promoting environmental sustainability.

THE IMPACT OF SOLAR ENERGY IN MELAKA

The Alor Gajah solar farm and similar projects are crucial components of Melaka’s renewable energy portfolio. By tapping into solar power, Melaka is not only ensuring a sustainable energy supply but also fostering economic growth and innovation within the green technology sector. These initiatives support the state’s goal of reducing dependency on fossil fuels and minimising the environmental impact of energy production.

CHALLENGES AND OPPORTUNITIES

The transition to renewable energy is not without its challenges. Melaka faces the task of integrating solar power into the existing grid, managing variable energy output, and ensuring the financial viability of renewable projects. However, these challenges present opportunities for innovation, collaboration, and the development of new technologies that can further enhance the efficiency and effectiveness of solar energy generation.

THE ROAD AHEAD

Melaka’s investment in solar energy is a testament to its vision of a sustainable and green future. The state’s efforts align with Malaysia’s national objectives to increase the share of renewable energy in the energy mix. As Melaka continues to expand its solar projects, it serves as a model for renewable energy adoption, demonstrating the benefits of embracing green technology for sustainable development.

Source: NST

Shining a light on Melaka’s solar energy revolution

Leasing activity for prime logistics warehouses particularly for the Klang Valley, Johor Bahru and Penang remained resilient, with expected rental growth in 2024, despite external headwinds and challenges.

In a statement today, Knight Frank Malaysia executive director of land and industrial solutions Allan Sim (pictured) said the growth is attributed to tight availability of grade A warehouses and strong leasing demand for specific grade A warehouses.

“This year could see rental growth due to price resistance from landlords due to higher construction and financing costs.

“As we witness a measured increase in rents, our emphasis remains on fostering innovation and sustainability in logistics spaces to meet the evolving demands of occupiers,” he said, adding that Kuala Lumpur is holding steady, showcasing stability in the face of global economic fluctuations.

Sim said the local market’s response to these changes underscores the adaptability and forward-thinking nature of Malaysia’s logistics industry.

The expected global recovery in the semi-conductor industry this year will increase the demand for the space particularly in Penang, Kulim, Melaka and Selangor, he said.

“There are more higher-end grade A warehouses scheduled to be completed in 2024 and landlords are increasingly reluctant to compromise on building specification for a lower rental rates.

“We shall also see more landlords undertake redevelopment on older factories/warehouses to modern and higher-specification warehouses,” he added.

Sim, however, said the performance of rental will be subject to the performance of foreign direct investment and domestic direct investment in 2024.

“As we navigate the path ahead, the outlook for logistics in Malaysia remains optimistic, bolstered by our resilience and strategic positioning in the Asia-Pacific landscape,” he said.

Source: Bernama

Prime logistics warehouse leasing activity to stay resilient, likely rental growth, says Knight Frank Malaysia

Ambassador of the European Union (EU) to Malaysia, Michalis Rokas, has lauded Sarawak’s move towards green economy, saying such aspirations almost match the green transition taking place in EU countries.

Given this scenario, he said the EU can come with projects and have ideas that can bring answers to these aspirations of Sarawak.

“Actually this is what we are going to explore. I am pretty confident that this type of connectivity, green transition, digitalisation and also all the infrastructure that needs to come with it, can be put together in a holistic project and then we need of course to mobilise EU businesses investments.

“(There is) a mix of grants and loans that come from the EU and they help towards sustainability goals.

“But, definitely hydrogen, sustainable aviation fuel (SAF), digitalisation and connectivity will be key areas where you can focus and create mutual opportunities and mutual benefits,” he said.

He was speaking at a press conference after the EU-Malaysia Business Day 2024 themed ‘Sarawak in Focus’ at Borneo Cultures Museum here yesterday.

Over 100 delegates comprising diplomats from EU countries and representatives from EU companies attended the event, which was graced by Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan.

Rokas said the event, held for the first time ever, was to seek opportunities for cooperation in areas that create sustainable future for everyone.

He revealed that some of those who travelled together included chief executive officers of companies who came to have exchanges with their Sarawak counterparts.

“What we expect is that when the event is over, is to be able to identify three to four or five areas and then prioritise,” he said.

He also revealed they also have the honour to be received by Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg tomorrow, where they will follow up on what they had discussed at the event.

“We will bring these discussions back to our respective capitals and EU headquarters and hopefully you will see us coming a lot more often to Sarawak,” he said.

Source: Borneo Post

Ambassador: Sarawak’s move towards green economy in tandem with aspiration of EU nations

Almost 70% of Malaysia’s RM225 billion approved investments are in the digital economy, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

In a recent interview with US-based news network CNN, he explained that Malaysia has what it takes to power artificial intelligence (AI) and bring the whole ecosystem into the country.

“We have AI factories, that is what we call it now, instead of data centres, and we even had a visit from Nvidia Corporation, a US-based multinational technology company, which announced its keen interest to venture into Malaysia with other companies to support the advancement of AI.

“This is because AI will bring an increase in productivity,” he said.

Zafrul said while there are concerns about AI in general and its impact on society, it cannot be denied that AI would bring a better quality of life by enabling all sorts of professions to carry out work more efficiently.

“Jobs of the future may be very different given the advancement in technology, especially generative AI.

“With AI, there are many other job functions which will be involved. So, we need to ensure re-skilling and upskilling (of employees) to prepare for the new jobs of the future,” he said.

Last December, Nvidia expressed its willingness to support Malaysia’s aspiration of being among the top 20 countries in AI technology and has agreed to help develop the country’s AI ecosystem in terms of building a centre of excellence to facilitate AI learning and research, including creating Malaysia’s own AI cloud computing system.

On the proposal for some form of blanket minimum wage rise across Asean nations, Zafrul highlighted the importance of ensuring wages go up.

“If you look at Malaysia’s economic fundamentals, our inflation is manageable. The inflation rate in 2023 recorded about 2.5% and unemployment continues to be low at about 3.3%.

“Based on these fundamentals, we must ensure that whatever increase in wages is linked to increasing productivity and that is why I am stressing investments in the green and digital economy because it increases the economic complexity of a country and its industries,” he said.

Zafrul noted that two years ago, Malaysia increased its minimum wage and is now discussing the concept of progressive wages.

“This can only be achieved if we increase productivity. So, wages need to be linked to productivity or else companies will find it difficult to implement an increase in compensation,” he said.

Source: Bernama

Tengku Zafrul: Nearly 70% of Malaysia’s RM225b approved investments focused on digital economy

Malaysian Ambassador to the United Arab Emirates (UAE) Datuk Seri Ahmad Fadil Shamsuddin expressed Malaysia’s interest in learning from the UAE’s advanced artificial intelligence (AI) capabilities.

The envoy said the potential to collaborate for mutual benefits could be further established and strengthened. Ahmad Fadil was speaking to BERNAMA on the sidelines of the World Government Summit (WGS 2024) held here on Tuesday.

Citing the global gathering’s theme “Shaping Future Governments” as a fantastic idea, Ahmad Fadil said: “In this context, I highly believe Malaysia will have the best opportunities to work with the UAE government as they’re advanced in AI.”

He also outlined Malaysia’s ambitions in renewable energy and data management and the potential for collaboration in both areas.

“I believe the Malaysian government, through the renewable energy sector led by our Deputy Prime Minister who is also the Energy Transition and Public Utilities Minister, could further explore data centre and energy sector opportunities.

“We have the expertise; it’s just that we need to tap into collaborations with leading entities in our country for mutual benefits in AI,” said Ahmad Fadil.

In a move to bolster cooperation in renewable energy and AI, Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim and a delegation visited the MASDAR City office and the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) located within MASDAR City last October.

In January this year, Malaysia’s Investment, Trade and Industry Ministry (MITI) and the UAE’s Investment Ministry strengthened their commitment to advance investment cooperation in the digital infrastructure sector.

MITI said both parties have signed a memorandum of understanding (MoU) marking a strategic partnership on the development of data centres in Malaysia with potential projects anticipated to achieve a total capacity of 500 megawatts.

The UAE is Malaysia’s second-largest trading partner, second-largest export destination, and second-largest import source from West Asia. 

Source: Bernama

Malaysia seeks UAE’s expertise to boost cooperation in AI

Malaysia should explore green investments to leverage diverse sources of capital which are competitive and in line with environmental, social and governance (ESG) aspects.

The Investment, Trade and Industry Ministry (MITI) said this is because energy transition efforts require substantial funding, with an estimated expenditure of around RM1.2 trillion to RM1.3 trillion by 2050.

“At the initial stage, for the years 2023 to 2029, it is estimated that RM250 to RM280 billion is needed to realise this initiative,” said the ministry in a statement.

Malaysia had set clear targets towards achieving net zero carbon emissions as early as 2050, as outlined under the National Energy Transition Roadmap (NETR) and the New Industrial Master Plan 2030 (NIMP).

Realising the importance of green investment contributions to national economic growth, a green investment strategy and implementation steering committee had been set up.

The committee is chaired by Deputy Prime Minister Datuk Seri Fadillah Yusof, who is also the Minister of Energy Transition and Water Transformation (Petra).

According to MITI, the committee includes the creation of a legal framework concerning the governance of carbon capture, utilisation, and storage (CCUS).

“The aim is to provide all stakeholders with a clear understanding of Malaysia’s approach to green investment growth.

“This would simultaneously support the aspiration of Malaysia’s net zero carbon emissions by 2050,” said MITI.

In addition, the committee will be conducting a short-term study to ensure a more effective, orderly and systematic implementation of energy transition and green investment and to include aspects of CCUS.

“This should take into account the government’s recognition of CCUS activities as one of its new green and low-carbon growth strategies,” MITI said.

Meanwhile, MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz said the short-term study will enable the country’s green investment agenda to be more effective, orderly and systematic.

The implementation of the study is complementary to NIMP and NETR which identifies a list of green investment opportunities based on six energy transition levers.

The study will also acknowledge green investment priorities; synergies between identified green investment opportunities and sectors; localisation of opportunities; as well as green investment opportunities that will be realised through the formulation of strategies for the existing sector.

The committee consists of representatives from the Ministry of Economy, Ministry of Finance, Petra, Ministry of Natural Resources and Environmental Sustainability, and Ministry of Science, Technology and Innovation, while MITI is the secretariat to the committee.

Source: Bernama

Malaysia should leverage green investments to diversity capital sources — Ministry

Technology is moving faster than most people can keep up.

Just recently, the rapid onset of AI and GenAI has enacted truly seismic change, with the potential to transform how we live and work for good. For business owners and entrepreneurs, the ubiquity of emergent technology means there’s a constant need for fast decision-making on the right course of action.

And it’s not just businesses. We all experience some level of tech anxiety, personally or professionally, day-to-day. Even digital natives like Gen Z, who have grown up knowing nothing else, are driving trends that hark back to a more analog age. From the rise in demand for vinyl and CDs to ‘archaic’ phones and pre-digital film cameras, there’s growing weariness of how fast tech is moving.

SMEs everywhere need to focus on finding tech solutions that will make running their businesses easier, as well as helping them tap new revenue opportunities.

When it comes to technology, I believe businesses today need to prioritize three major areas:

Identify the right technology to adopt; with so much out there, pinpointing the solutions that can deliver the most value is key.

Reduce risk of being left behind by digital advancements; this can seriously impact growth and business longevity.

Invest in the right business infrastructure. This means creating a solid foundation for long-term tech integration, including IT support, software, and skilled employees.

Crucially, businesses today need to move away from a one-size-fits-all approach when it comes to technology. No business is the same, and strategies need to be individual and tailored. With so much on offer, SMEs that are bold, agile, and creative when it comes to technology will benefit most now and in the future.

Despite the need for a custom approach, there are some tech trends that every business should be paying attention to, no matter what their size or model. In this fast-moving environment, here are the top 5 tech trends SMEs should consider in 2024:

5 trends SMEs should focus on for a smarter 2024 tech strategy

1. Business will focus on cementing their approach to AI in 2024

In 2023, the explosion of GenAI took the world largely by surprise. Since then, there’s been time to evaluate, reflect, and educate stakeholders on the pros and cons of specific usage of AI and GenAI. For business leaders, 2024 will be the year to decide whether to adopt AI and what to use it for. In the year ahead, we’ll see more businesses formulating AI policies, frameworks, guidelines, and governance.

Why SMEs should pay attention: Laying the groundwork for this now will pay off later. Set clear parameters for both adoption and the limitations of exposure to AI’s risks. These will make sure everyone across the business is aligned on policy and tactics.

2. Climate technology—and technology that drives sustainable operations—will be front and centre

From tools to map energy or emissions reduction to the use of data and IoT sensors, technology that helps identify more sustainable ways of operating is now a top priority for small businesses and corporations.

Tech will become even more central to climate solutions, and 2024 will see more funding, interest, and uptake of available solutions as a result. The market will also become more competitive for tech solutions in this space.

Why SMEs should pay attention: Whether you’re an entrepreneur who is working on climate-tech solutions or a small business looking to adopt sustainable tech to run your business more responsibly, this will be an important area of focus for many SMEs this year.

3. Tech will play an even more crucial role in helping deliver superior customer experiences in 2024

Tech-assisted customer service is an area that’s evolving extremely fast, with elevated consumer expectations moving with it. From AI chatbots to ever-more-sophisticated data analytics around the purchase and delivery journey, 2024 will see companies going big on customer experience to ward off competition from peers and capture customer loyalty.

Why SMEs should pay attention: The customer experience should be at the heart of every SME’s growth and operations strategy. Investment in customer service technology so far has been uneven, with some companies pioneering future-forward tech-led strategies and others reticent to make the leap.

In 2024 and beyond, the gap will become far more apparent to consumers. SMEs could risk losing out if they don’t scale up in this area.

4. From security to software stacks, the role of IT will evolve in 2024

IT departments will have their work cut out for them in 2024. Today’s companies need more sophisticated IT and tech strategies than ever, spanning IT solutions, cybersecurity, and more.

From staying on top of the latest tech trends to facilitating hybrid working and choosing software that can impact business revenue, IT will matter more in 2024.

Why SMEs should pay attention: Small businesses and start-ups can’t always afford a dedicated IT department, meaning IT expertise can fall on the shoulders of founders or just one dedicated tech specialist. If this is the case, SMEs should prioritize recruiting digitally-minded talent able to weigh in on IT decisions that add value to the business.

5. The ability to harness real-time data will continue to prove its worth in 2024

At FedEx, we’ve been advocates for the value of owning and leveraging real-time data for decades. Having this at our fingertips means we can analyze delivery patterns and customer trends, track critical and time-sensitive shipments, and plan around extreme weather disruption.

Now, the power of real-time data is becoming more widely known, particularly as the adoption of GenAI continues. One of the concerns leveled at GenAI is that users are making mission-critical decisions based on old data. 2024 will see this change, with the growth of hyperscalers—large cloud service providers—about to tip the balance.

These, twinned with AI models, are poised to revolutionize the analytics landscape, providing greater ability to use data to fine-tune and tweak in real-time.

Why SMEs should pay attention: For SMEs, this can lead to increased speed, accuracy, and cost-effectiveness of business solutions, as well as all-important access to customer insights at your fingertips. All of this helps improve the customer experience and, ultimately, makes your business more robust.

Tech trends evolve quickly. The software or strategies used in the past may already need overhauling if SMEs are to prime their businesses for success and scalability in 2024.

But that doesn’t always mean you need to make hasty decisions or chuck out serviceable tech stacks if tech and digitisation at your company have already progressed. Perhaps small optimisations, or layering on one new tool that will add the most value, is the way to go. 

Whether you’re a frontrunner in tech or starting from ground zero, 2024 will see technology at the forefront of every solid business strategy.

*Kawal Preet is the president for Asia Pacific, Middle East and Africa at FedEx Express. She feels that tech is moving at breakneck speed.

Source: NST

Introducing the 2024 tech trends to watch

Malaysia’s largest port operator Westports Holdings Bhd is reportedly looking for foreign investors to finance a RM39.6 billion expansion project that may set to almost double its capacity.

Financial news Bloomberg quoted its executive chairman Ruben Emir Gnanalingam saying that he is open to such partnerships if the investors can bring value to the company.

“We would be open to it, if it’s someone who can come and add value to us. We have not ruled anything out,” he was quoted as saying.

Ruben also mentioned the consideration of a dividend reinvestment plan and borrowing for the expansion in Klang.

Additionally, Ruben also reportedly said that Westports is actively exploring opportunities to acquire other ports in Southeast Asia, but will not overpay for any asset.

“There have been ports we have bid for, but we have a limit of how high you can go. Our goal is to make decent returns on investment. Our goal is not to plant flags and lose money,” he was quoted as saying.

Port Klang, ranked as the second-largest in Southeast Asia, is set to boost its capacity from the current 14 million 20-foot equivalent units to 27 million during its concession period until 2082.

Westports’ growth initiative begins with the inaugural operation of the initial eight container terminals in 2027, parallel to others along the Malacca Strait such as Singapore which is in the process of constructing the world’s largest automated terminal Tuas Port and Thailand which has suggested the construction of a US$28 billion landbridge to circumvent the shipping lane.

Source: Malay Mail

Westports eyes RM39.6b foreign investment for expansion as neighbouring entities step up

RHB Research believes Gamuda Bhd industrial building system (IBS) capabilities may position the group to capture data centre opportunities within the Klang Valley.

It expects Tenaga Nasional Bhd’s Green Lane Pathway, to facilitate a smoother and faster setup of data centres in the country.

Gamuda’s IBS plants are in Banting and Sepang, Selangor.

“Together, these plants have a combined maximum production capacity of approximately 10,000 residential units per year.”In terms of efficiency, Gamuda’s IBS capabilities allow for a 50 per cent reduction in construction time for high-rise buildings and approximately 20 per cent for landed properties,” it added.

The bank expects Gamuda’s residential projects and involvement in data centres to bring it a pre-cast order book of RM300 million by the end of fiscal year 2023 (FY23).

“Despite the relatively small share of IBS job orders, accounting for only 1.5 per cent of the order book by the end of FY23, we have learnt that Gamuda is exploring opportunities for data centre projects in the Klang Valley.

“If these data centre projects expand significantly, we believe Gamuda can effectively utilise both factories to meet the demand for such orders,” it added.

According to the Construction Industry Development Board (CIDB), Gamuda was awarded a contract worth RM170 million by AIMS Data Centre to construct a data centre in Cyberjaya in February 2023, with a target completion by the end of the calendar year 2023 (CY23).

“While CIDB did not provide specific details, it is speculated that the data centre in question could be the 8MW AIMS Cyberjaya Block 2 data centre, for which Gamuda employed its “Next-Gen Digital IBS” solutions.

“In terms of profitability, projects of this nature could yield pre-tax margins ranging between 10 to 12 per cent, in our assessment,” said RHB Research.

RHB Research has upheld its ‘Buy’ recommendation for Gamuda, maintaining unchanged earnings estimates while raising the target price for Gamuda Bhd to RM6.46 from RM5.66.

Source: NST

Gamuda’s IBS capabilities to help it secure data centre jobs in Klang Valley

THE Kuala Linggi International Port (KLIP) project in Melaka is underway with the construction of its state-of-the-art port facility – signifying a monumental leap towards becoming a pivotal hub for international trade and commerce.

Scheduled for completion in 42 months, KLIP’s vision is to transform Kuala Sungai Linggi into a green global industrial hub for energy source, port and maritime services.

The private port’s aim is to foster economic growth, enhance regional connectivity, and position Malaysia as a key player in the global maritime landscape.

The development plan includes the construction of tank storage, shipyard, heavy industry fabrication yard, hard standing cargo handling area, wharfs and warehousing facilities – with an estimated cost of RM15bil.

KLIP has also entered a RM760mil contract with China Harbour Engineering Co Ltd. This project incurs a total reclamation cost of RM1.39bil on the 251ha island.

With a gross development cost estimated at RM15bil and a gross development value projected to be worth RM100bil, KLIP is poised to generate a substantial gross national income via foreign exchange earnings from foreign projects and gross domestic product from local industries.

KLIP aims to redefine port facility standards by incorporating cutting-edge technology, sustainable practices, and efficient logistics solutions.

The strategic location along the Straits of Malacca places KLIP at the crossroads of major shipping routes – establishing a crucial link for international trade between Asia, Europe and the Middle East.

Chief Minister Datuk Seri Ab Rauf Yusoh graced the groundbreaking ceremony on Jan 23, together with dignitaries, government officials, industry leaders, and stakeholders.

“We are not just building a port; we are constructing a symbol of progress, collaboration and innovation in the maritime ecosystem that stimulates economic development and creates opportunities for future generations,” said KLIP executive chairman Tan Sri Dr Noormustafa Kamal Yahya at the event.

He emphasised KLIP’s commitment to “the highest standards of environmental conservation initiatives and sustainability – aligning with global efforts to reduce the carbon footprint of maritime operations.”

Thanking the federal and state governments, local communities and business partners for their support, he described the groundbreaking event as a historic milestone for Kuala Linggi International Port, “a significant step forward in our mission to become a world-class maritime hub.”

KLIP’s state-of-the-art facilities will provide tank storage for liquid bulk cargoes, liquefied petroleum gas (LPG) and liquefied natural gas (LNG), as well as dedicated areas for ship maintenance, repair and overhaul.

The port is set to implement advanced technologies such as green energy, smart logistics systems, and real-time tracking to optimise operational efficiency and reduce turnaround times.

This project is expected to create up to 10,000 skilled job opportunities and contribute towards social community development.

Upon completion by 2027, KLIP’s construction phase is poised to become a catalyst for economic growth, trade expansion, and technological innovation in the region.

Source: The Star

KLIP in Melaka to be a state-of-the-art green port

Seven researchers have been awarded a RM5.75 million grant to conduct research in green energy-related fields.

The funding was provided under the Petronas-Academia Collaboration Dialogue (PACD) Awards to explore clean energy storage systems, bio-energy development, efficient hydrogen generation, and operational efficiency through data science and artificial intelligence.

The recipients of the grant are Associate Professor Dr Mailin Misson, Dr Mohd Azlan Ismail, Dr Zarina Amin, Dr Ng Chi Huey, Dr Nazrien Adrian Amaludin, Dr Goh Poh Wah, and Dr Ervin Gubin Moung.

The awards were presented by Petronas Malaysia Petroleum Management Senior Vice President Datuk Bacho Pilong.

Sabah Chief Minister Datuk Seri Hajiji Noor, who attended the event at Menara Kinabalu, stated that the grant would benefit the state’s efforts to explore and promote sustainable solutions in energy-related fields, aligning with global sustainability goals.

“This is in line with global industry trends, and the state government aims to ensure its local adoption,” he said in a statement.

Regarding the collaboration between Universiti Teknologi PETRONAS (UTP) and University College Science Foundation (UCSF), Hajiji described it as an excellent initiative for human capital development.

The collaboration aims to provide top Sabah Sijil Pelajaran Malaysia (SPM) achievers with education and training opportunities, fostering a skilled labor force.

As part of the agreement, UTP and UCSF will offer the UCSF-UTP Foundation Programme, a one-year foundation program based on the UTP curriculum structure.

This program allows top achievers from Sabah to pursue foundation studies at UCSF.

Upon completion of the foundation program, students will have the opportunity to continue their bachelor’s degree studies in science and engineering programs at UTP’s campus in Perak.

Signing on behalf of UTP was its Vice Chancellor Professor Datuk Dr Mohamed Ibrahim Abdul Mutalib, while Vice Chancellor Dr. Rafiq Idris represented UCSF.

Source: NST

Sabah’s green energy revolution: RM5.75 million grant fuels research innovation

Kulim, located in the southeast of Kedah, bordering Penang, is set to evolve into a smart city that is safe, resilient, and sustainable.

HeiTech Padu Bhd (HTP) and Kulim Municipal Council (MPKK) have formed a strategic collaboration to propel the district’s development.

MPKK chairman Datuk Elmi Yusoff anticipates several changes in Kulim within these five years.

However, he said that achieving the status of a fully smart city may take around 10 to 15 years.

Malaysia aims to transform into a smart nation by 2040, as outlined in the Fourth National Physical Plan (NPP4).

In alignment with the sustainable development goal and Shared Prosperity Vision 2030, Malaysia has developed policies and strategies for smart cities that are recognized as Malaysian smart city frameworks.

According to Elmi, the MPKK will start to implement the seven main components listed in the smart city framework throughout Kulim.

The seven components are smart economy, smart living, smart environment, smart population, smart government, smart mobility, and smart digital infrastructure.

Within these components, smart living focuses on housing development to meet residents’ needs and contribute to their health and well-being. 

Kulim is one of the five cities involved in smart city pilot projects. The others are Johor Bharu, Kota Kinabalu, Kuching, and Kuala Lumpur. 

Penang, Melaka, Putrajaya, and Cyberjaya are the cities engaged in smart city development.

According to a market research specialist, a city’s smartness is assessed based on a number of factors, such as its technologically advanced infrastructure, environmental initiatives, efficient and well-functioning public transportation, forward-thinking city plans, and the ability of its residents to live and work there.

“The main goal of a smart city is to optimise city functions and promote economic growth while also improving the quality of life for citizens through the use of smart technologies and data analysis,” he told NST Property. 

Kulim is mainly known for the 1996 establishment of Kulim Hi-Tech Park, Malaysia’s first high-tech industrial park.

“Although Kulim doesn’t have its own airport or railway station, it is not difficult to get there. The closest train station to Kulim is in Bukit Mertajam, and the closest airport is the Bayan Lepas International Airport in Penang, which is around an hour’s drive away. 

“Kedah’s capital city, Alor Setar, has an airport as well. It takes roughly 90 minutes to get there by car from Kulim. Investments are flowing into Kedah and Kulim more broadly,” the research specialist said.

Kedah recorded RM14.6 billion in approved investment in the first half of 2023, placing the state as the third-highest investment destination in the country after Kuala Lumpur and Selangor, according to MIDA.

The highest foreign investment is from Japan, valued at RM7.38 billion, followed by China with RM4.16 billion, Singapore with RM149.5 million, Hong Kong with RM104 million, and the Netherlands with RM61.28 million.

Kulim Hi-Tech Park retained its status as the state’s investment magnet with a total accumulated investment of RM134.1 billion by 43 industries.

Meanwhile, Elmi said that the collaboration between MPKK and HTP would leverage each other’s expertise, fostering cooperation in devising the optimal strategy for implementing a smart city to ensure that MPKK effectively addresses the community’s needs in Kulim. 

“Kulim will evolve as technology advances,” he reportedly said during the recent signing ceremony of the strategic cooperation agreement between MPKK and HTP.

Source: NST

Kulim to develop into a smart city in the upcoming years