
Anwar to deliver keynote address at Energy Asia 2025
PRIME Minister Datuk Seri Anwar Ibrahim (picture) is set to deliver a keynote address at Energy Asia 2025 which will take place on June 16 to 18, 2025 at the Kuala Lumpur Convention Centre (KLCC).
He will also lead a delegation of Malaysian ministers as well as their regional counterparts at the 'Delivering Asia's Energy Transition' conference.
Anwar will also participate in the 'Asia's Energy Future' opening plenary which will focus on geopolitical dynamics, alliances, risks, Malaysia's ASEAN chairmanship and its role in Asia's energy transition.
Petroliam Nasional Bhd (Petronas) president and group CEO and Energy Asia chairman Tan Sri Tengku Muhammad Taufik said this event will advocate for a global energy transition. It expects to benefit all sectors through increased cooperation across economies and industries.
'In this regard, we are indeed very privileged to welcome Anwar to the second edition of the conference, with the opportunity to engage in progressive discourse on his aspirations for Asia's sustainable and inclusive energy future, aligned with Malaysia's role as the chair of ASEAN this year,' he said in a statement.
Energy Asia is organised by Petronas while CERAWeek by S&P Global Inc serves as its Knowledge Partner where it aims to bring actionable solutions for a just energy transition.
It aims to attract more than 4,000 delegates from 50 countries and will feature more than 180 prominent speakers such as Organisation of the Petroleum Exporting Countries secretary-general Haitam Al Ghais; Saudi Arabian Oil Company (Aramco) president and CEO Amin Nasser; TotalEnergies SE board chairman and CEO Patrick Pouyanné; as well as PTT Exploration and Production Public Company Ltd (PTTEP) CEO Montri Rawanchaikul.
Energy Asia will conduct strategic dialogues across seven sub-themes to enhance energy security, promote renewable energy adoption, deploy decarbonisation solutions, facilitate technology transfer and catalyse economic and socio-economic development.
Meanwhile, the conference's centre of technology and innovation programming Energy Park will showcase transformational technology platforms in energy and adjacent industries.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
38 minutes ago
- The Sun
Build liveable and ‘lovable' cities, says Nga
KUALA LUMPUR: Malaysia must build cities that are not only liveable but 'lovable' by embedding sustainability and inclusivity into every facet of urban development, said UN-Habitat Assembly President and Housing and Local Government Minister Nga Kor Ming. In his special keynote address at the Asean Sustainable Urbanisation Forum (ASUF), Asean Governors and Mayors Forum (AGMF) and Meeting of Governors and Mayors of Asean Capitals (MGMAC) yesterday, Nga outlined three core priorities for his ministry – housing, public infrastructure and waste management. He said Malaysia has already achieved 98.4% of its 500,000 affordable homes target under the 12th Malaysia Plan, delivering 492,000 units. The rebranded People's Residency Programme will incorporate sustainable features such as rainwater harvesting, solar panels and urban farming spaces. Through Urbanice Malaysia, the ministry has also rolled out the community hub initiative, in which unused public housing spaces are converted into community facilities, while Think City's Kita Untuk Kita programme offers grants for the urban poor to improve and personalise their living environments. On climate action, Nga said Malaysia is seeking US$20 million (RM84.6 million) from the Global Climate Adaptation Fund to implement nature-based solutions in the city alongside efforts to build 100 Madani parks each year. Last year, the target exceeded with 109 parks and 115 million trees planted under the Malaysian National Greenery Programme. The number of trees planted surpassed the original five-year goal of 100 million. On waste management, Nga announced plans for 18 waste-to-energy plants across Peninsular Malaysia to help meet the national target of 70% renewable energy capacity by 2050. 'In 2023 alone, we spent more than RM2 billion on solid waste management, public cleaning, landfill operations and leachate treatment. 'By turning 'trash into cash' and 'waste into energy', we can manage waste sustainably while contributing to our renewable energy goals.' Nga said the initiatives fall under the Circular Economy Blueprint for Solid Waste 2025–2035, led by the newly formed National Circular Economy Council, which will also enforce the Extended Producer Responsibility Policy framework. Under the 13th Malaysia Plan, he said the ministry will expand the use of industrialised building systems and modular construction in public housing to reduce costs, noise pollution and waste. He said transit-oriented development will also be integrated into future housing projects to improve access to jobs and education through public transport. 'These measures will not only cut pollution and costs but pave the way for a greener, more resource-efficient Malaysia.' Nga urged Asean cities to align local policies with global frameworks such as the UN Sustainable Development Goals, New Urban Agenda and the Asean Smart Cities Network. 'The path to a better future begins at the local level and extends to the global stage. Malaysia invites all Asean member states to walk this journey with us.' Deputy Prime Minister Datuk Seri Fadillah Yusof, who delivered an opening address at the forum, said Asean's cities – which are home to more than 370 million people and generating 70% of the bloc's gross domestic product – must be 'living laboratories of sustainability and innovation', ensuring no one is left behind as urbanisation accelerates. 'Urbanisation must be a force for equality, not division,' he said, urging Asean cities to embed inclusivity, embrace digital transformation and scale up proven climate solutions.


New Straits Times
40 minutes ago
- New Straits Times
Bursa poised for gains on US tariff cut, 13MP rollout
KUALA LUMPUR: A cut in United States import duties on Malaysian goods and the pragmatic rollout of the 13th Malaysia Plan (13MP) could inject fresh momentum into Bursa Malaysia in the coming months, analysts said. They expect the tariff reduction from 25 per cent to 19 per cent to ease cost pressures on a large share of Malaysian exports, improving margins and lifting sentiment, especially as the rate undercuts China's 25 per cent and Vietnam's 20 per cent. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the tariffs reduction could ease cost pressures on roughly 40 per cent of Malaysia's US$26 billion worth of exports to the US. This is particularly in electrical and electronics, rubber-based goods, furniture and machinery, which together account for more than 55 per cent of shipments. He said these sectors could see margin relief of between 10 per cent and 15 per cent, similar to the equity uplift experienced by the Philippines earlier this year after comparable tariff concessions. "US exemptions for semiconductors and pharmaceuticals safeguard Malaysia's high-value exports, preserving its position in global manufacturing networks and supporting earnings visibility for listed corporates," Sedek told Business Times. While US President Donald Trump recently threatened a 100 per cent tariff on semiconductor imports with exemptions for firms investing in US manufacturing, Sedek said the immediate impact on Malaysia is expected to be minimal. However, he cautioned that the sector may face supply chain recalibration if the tariff is implemented across major manufacturing hubs. Sedek said 13MP — with an RM611 billion expenditure framework for 2026–2030 — prioritises digitalisation, AI adoption, renewable energy and industrial upgrading. Major projects include Nvidia's RM10 billion AI facility and large-scale solar initiatives, which Sedek said could attract private investment and spur productivity gains. "Infrastructure and digitalisation efforts such as the Johor–Singapore Special Economic Zone and the GovTech transformation agenda will also drive structural improvements, echoing efficiency gains seen in Estonia's digitalisation push," he added. Given these tailwinds, Sedek projects the FTSE Bursa Malaysia (FBM KLCI) to trade between 1,570 and 1,585 in the coming months, keeping it on track for a year-end target of 1,650. However, he cautioned that global monetary tightening, geopolitical risks and commodity price volatility may temper gains. "Capital flows and exchange rate stability will remain critical to sustaining momentum. Policy agility and disciplined execution will be essential in translating these short-term catalysts into a durable re-rating of Malaysia's equity market," he added. Looking ahead, Sedek said the FBM KLCI may face several downside risks such as export sensitivity to global uncertainties. This includes the possibility of US tariffs cutting electronics and furniture export revenues by up to US$2 billion annually, even as Malaysia retains competitiveness over China. "Domestically, implementation inefficiencies in 13MP, such as bureaucratic delays, may undermine investor confidence in the RM611 billion investment plan," Sedek said. Apart from the lower tariff and 13MP rollout, Hong Leong Investment Bank (HLIB) Research said sentiment is also supported by rising odds of a US Federal Reserve rate cut as early as September. However, August could see guarded trading amid persistent foreign net outflows totalling RM14.21 billion year-to-date — the largest since the RM24.6 billion recorded during the pandemic-hit year of 2020. HLIB analyst Ng Jun Sheng said other headwinds include possible new US tariffs of up to 250 per cent on pharmaceutical products and up to 100 per cent on chips built outside the US. Sentiment may also be weighed by expectations of a subdued August earnings season and the index's historical seasonal weakness, with average returns over the past 10, 20 and 30 years at 0.7, 1.2 and 2.2 per cent, respectively. "On the domestic front, concerns surrounding subsidy rationalisation and a potential Sales and Service Tax expansion could further dampen consumer sentiment and cloud corporate earnings visibility," he said. The FBM KLCI staged a strong rebound from an eight-week low of 1,488.90 to close at 1,557 last Friday, marking its fourth straight gain and surging 23.6 points from the previous week. The gains were supported by easing US-Malaysia tariff tensions, a pragmatic 13MP rollout and supportive technical signals. Despite this, HLIB Research said underlying sentiment remained cautious, with market breadth still weak at 0.83 compared to 0.82 previously. Turnover stood at 2.43 billion shares worth RM2.72 billion. This came amid persistent foreign outflows for an 11th consecutive session, valued at RM1.13 billion last week, mostly in the financial services, healthcare and utilities sectors. Local institutions remained net buyers at RM1.03 billion, while local retailers bought RM105.5 million in equities. Average daily trading volume fell across the board, with foreign investors and local retailers down 6.6 per cent and 6.1 per cent, respectively, while local institutions recorded a 4.8 per cent increase.


The Star
an hour ago
- The Star
Mihas eyes stronger global reach
Shared growth: (From left) Morocco First Counsellor Mohamed-Ali El Kourmir, Libya Counsellor Ibrahim Ahmed Ibrahim, Palestine Ambassador Walid Abu Ali, Matrade board member Mohammad Medan Abdullah, Reezal Merican, Abu Bakar, Kazahkstan First Secretary Amir Aldazhanov and Czech Republic Ambassador Juraj Koudelka at the Mihas Foreign Mission Networking Hi-Tea. — YAP CHEE HONG/The Star KUALA LUMPUR: After setting a Guinness World Record last year for attracting 43,000 trade visitors, the Malaysia International Halal Showcase (Mihas) is aiming to draw more than 45,000 participants from over 45 countries this year. Malaysia External Trade Development Corporation (Matrade) chairman Datuk Seri Reezal Merican Naina Merican said Mihas 2025 will feature more than 2,300 booths across 14 industry clusters. 'These 14 clusters include education, Muslim-friendly hospitality and tourism, food technology and packaging, pharmaceutical and medical, franchise, Islamic art and crafts, and logistics. 'Mihas has continuously increased participation and footfall, which reflects the support from international partners,' he said during the Mihas foreign mission networking hi-tea at the Matrade exhibition hall yesterday. Reezal Merican said the achievement had helped them lead Mihas internationally. He said Matrade had launched Mihas in Dubai last year and would expand it to Shanghai this year. 'Hopefully next year, we will organise Mihas in the European region, where Malaysian halal businesses can showcase their businesses internationally. 'The global halal market is currently worth over US$3.5 trillion (RM14.8 trillion). It is expected to reach US$5 trillion (RM21.2 trillion) by 2030,' he added. Matrade deputy chief executive officer Abu Bakar Yusof said Mihas 2025 will feature a special Asean and Gulf Cooperation Council pavilion. 'The six GCC member states are experiencing rapid growth, making it timely for Malaysia to explore ways to contribute and create better market opportunities for businesses from both regions. 'Malaysia has sustained a strong position with more than 200 partners, and we are moving up in the ranks of trade globally,' he said. Abu Bakar also urged foreign traders to utilise the new Madani Digital Trade platform, an artificial intelligence-based system that helps match Malaysian halal exporters, especially small medium enterprises with international buyers to support genuine cross-border deals. Meanwhile, Matrade director of halal, food and beverage and agro-based section Yusram Yusof said Malaysia has led the overall global Islamic economy indicator ranking for 11 consecutive years in the halal industry. 'The halal industry stands in the top 10 among other industries, contributing RM161bil to this year's gross domestic product,' he said. Last year, Malaysia's halal exports were valued at RM61.8bil, marking a 15% increase from the previous year. 'The sector supports more than 350,000 jobs nationwide and is anchored by 14 halal parks, which have attracted RM3.8bil in investments and are home to over 300 companies. He also said Malaysia has come up with a comprehensive halal ecosystem. 'If there are good strategies in place, we can meet the target set by our Prime Minister to achieve RM80bil halal export,' he added. Recently, Prime Minister Datuk Seri Anwar Ibrahim, when tabling the 13th Malaysia Plan, said Malaysia hoped to achieve RM80bil halal export. Mihas 2025, themed 'Pinnacle of Halal Excellence', will be held from Sept 17 to 20 at the Malaysia International Trade and Exhibition Centre.