Energy Transition Must Fit Malaysia's Needs And Not Bow To Global Pressure
KUALA LUMPUR, June 16 (Bernama) -- Malaysia's energy transition policies must be based on national realities and domestic capabilities rather than simply adhering to international pressure, said Malakoff Corporation Bhd chairman Tan Sri Che Khalib Mohamad Noh.
The priority is ensuring energy security and stable supply for its ever-growing population which now stands at 34.6 million, he said.
While Malaysia supports the global shift towards clean energy, the country must adopt a pragmatic strategy that reflects its own limitations and energy demands.
'We can follow the global trend, but what is more important is that our policies must be suitable for Malaysia,' he said, echoing Prime Minister Datuk Seri Anwar Ibrahim's call earlier today for a pragmatic and balanced approach to ensure a just and equitable energy transition for Asia.
The prime minister emphasised that this approach is crucial for the region's continued development amid its shift towards renewable energy.
In an interview on Bernama TV's 'The Nation' programme today, Che Khalib said the public often associates the National Energy Transition Roadmap (NETR) with solar energy, but Malaysia's ability to scale solar is limited by competing land use and inconsistent sunlight.
'In Malaysia, land is also needed for food production and forest conservation, we are not like the Middle East where you can just build solar farms in the desert, we have to balance our priorities,' he said.
He also pointed out that solar energy, while important, cannot be treated as a dependable power source due to weather variability, and stressed the need to improve fossil fuel efficiency in the short- to medium-term, rather than phasing it out entirely.
'Take cars, for example. Thirty years ago, a 2.0-litre engine was considered underpowered. Today, a 1.0-litre car can perform just as well. Similarly, fossil fuel plants must be upgraded to emit less while producing more,' said Che Khalib.
Hashtags

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


The Star
2 hours ago
- The Star
EPMB begins local assembly of Soloera EV motorbikes
Azizi Mustafa (CEO of MIDF Bhd), Azrul Reza Aziz (CEO of MARii), Hamidon Abdullah (Executive Chairman of EPMB), Jeff Chong (Group CEO (ASEAN) of Blueshark Ecosystem Sdn Bhd), Datuk Hanafi Sakri (Deputy Secretary General (Industry), MITI), Ahmad Razlan Mohamed (Group CEO of EPMB), and Mohd Nizam Mohamed (Director of Manufacturing of EPMB) during the tour of EPMB's manufacturing facility. KUALA LUMPUR: EP Manufacturing Bhd 's (EPMB) subsidiary, EP Blueshark Sdn Bhd (EP Blueshark), and Blueshark Malaysia Sdn Bhd have commenced the local assembly of the SoloEra Solo 1C electric motorcycle at EPM's advanced facility in Glenmarie, Shah Alam. In a joint statement, EPMB, an automotive solutions provider, stated that the local assembly of electric motorcycles reflects both companies' commitment to supporting the National Energy Transition Roadmap and Malaysia's net-zero goal. The partnership combines EPMB's manufacturing expertise with Blueshark Malaysia's EV technology to advance Malaysia's transition towards sustainable mobility. 'The facility has an initial production capacity of 12,000 electric motorcycles annually. Building on this momentum, local assembly of the high-performance Solo 2 and Solo 3 models is now underway. 'This expansion not only widens consumer choice but also underscores the shared vision of positioning Malaysia as a strategic hub for two-wheeled electric vehicle manufacturing in Asean and beyond,' the statement said. EPMB executive director Aidan Hamidon said the commencement shows the company's commitment to driving EV technology in the future. 'EPMB continues to make strides towards the forefront of energy-efficient vehicle (EEV) production and advancing the next generation of mobility solutions in Malaysia and beyond,' he said. Blueshark Malaysia chief executive officer Jeff Chong said the announcement is in line with the company's vision for providing an affordable and sustainable mobility solution. 'Together with our strategic partners EPMB and Petronas Dagangan Bhd , we are committed to expanding Malaysia's electromobility ecosystem into one where smart, connected electric motorcycles are accessible to more riders, while establishing the country as a manufacturing hub for Asean and beyond,' he said. According to EPMB, the Solo 1C recorded over 6,000 registrations of interest in just over a month following the launch of a limited-time pre-launch promotion in July. Priced from as low as RM599, the campaign makes the Solo 1C one of the most accessible electric motorcycles in the market. Until Sept 16, eligible customers can pre-order the Solo 1C at the promotional price of RM599, with the discounted price made possible by a RM2,400 rebate under the Malaysia Automotive, Robotics, and Internet of Things Institute and additional support from Blueshark. — Bernama

Barnama
5 hours ago
- Barnama
LHDN Refunds RM9.35 Bln In Excess Taxes To 3 Mln Taxpayers
BUSINESS KUALA LUMPUR, Aug 20 (Bernama) -- The Inland Revenue Board (LHDN) has issued tax refunds totalling RM9.35 billion to more than three million taxpayers as of June 30, 2025, according to the Ministry of Finance (MOF). In a written parliamentary reply on Tuesday, the ministry stated that out of the total taxpayers involved, 1.07 million have received their full refunds, amounting to RM2.73 billion. The reply was in response to a query from Chong Chieng Jen (PH–Stampin) regarding the total outstanding tax refund amount, reasons for delays, and the timeline for disbursement. The MOF added that corporate tax refunds, which typically involve larger amounts, are prioritised based on the length of delay, with older cases being handled first. 'This is to ensure that all eligible taxpayers receive at least a partial refund within the year, while the remainder will be disbursed either in the same year or the following year, depending on the government's financial position,' said the ministry. Meanwhile, the MOF said the sales tax on low-value goods (LVG) has been implemented since Jan 1, 2024, and is not part of the current sales tax review. The LVG tax applies to all goods imported from abroad valued at less than RM500 and sold online or through online marketplaces by registered sellers. 'The LVG tax does not apply to goods that are locally manufactured,' the ministry clarified in response to a question from Tan Sri Muhyiddin Yassin (PN–Pagoh) regarding the government's strategy to address the impact of the expanded SST on cost of living and operational burden for micro, small, and medium enterprises (MSMEs). The MOF emphasised that the LVG tax only applies to imported goods sold online under registered platforms, and locally produced goods are not affected.

Barnama
6 hours ago
- Barnama
Tengku Zafrul Reiterates Difference Between MIDA-Approved Investments And Net FDI Reported By DoSM
BUSINESS KUALA LUMPUR, Aug 19 (Bernama) -- The Minister of Investment, Trade and Industry (MITI) Tengku Datuk Seri Zafrul Abdul Aziz reiterated that the investment figures approved by the Malaysian Investment Development Authority (MIDA) refer specifically to the compilation of proposed investments that have been approved. He explained that this only covers the manufacturing and services sectors that fall under MIDA's jurisdiction. These direct investments include both domestic and foreign investments. 'The investment calculation refers to the total project costs such as land, factories, and machinery,' he clarified in a post on Instagram today, where he reuploaded an earlier explanation he made on the matter last year. Tengku Zafrul noted that this is different from the net foreign direct investment (net FDI) figures published by the Department of Statistics Malaysia (DoSM), which only calculate actual inflows and outflows of foreign investments. 'They (DoSM) don't count domestic investments,' he said. In the video, Tengku Zafrul said that DoSM's method for calculating foreign investment is based on financial transactions, including equity investments such as shares, debt, dividends, and reinvested earnings. 'For example, if a foreign company buys shares and takes over a local company, MIDA does not count that as FDI because no new project is involved. 'But for DoSM, that is counted as FDI. So, what MIDA calls approved investments and what DoSM calls net FDI are two different measurements and cannot be directly compared,' he said. Tengku Zafrul also said that the status of approved investments announced by MIDA is followed up periodically with reports on how much of that investment has been implemented or completed.