Inaugural Energy Asia Awards Honour Changemakers Driving The Region's Energy Transition
Held in conjunction with Energy Asia by PETRONAS, the awards recognise individuals and organisations creating innovative solutions that address Asia's rising energy demand, tackle emissions challenges, and drive urgent systemic change while safeguarding vulnerable communities.
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The Sun
35 minutes ago
- The Sun
Water and energy supply key to attracting investors says PM Anwar
KUALA LUMPUR: The ability to provide sufficient water and energy supply is among the main attractions for investors in the semiconductor, data centre, and Artificial Intelligence (AI) sectors in Malaysia, says Prime Minister Datuk Seri Anwar Ibrahim. He said this was further strengthened by the country's capacity to provide professional manpower expertise, which was a key strategic requirement for investors. 'These two aspects (water and energy) are very strategic, and I wish to emphasise that we will not be able to maintain Malaysia's credibility as a peaceful and competent nation if we cannot resolve matters related to water and energy. 'It is not only about providing (water and electricity facilities to investors), but also about how we manage the (prices) of water and energy at reasonable levels without burdening the people,' he said when officiating the Langat 2 Water Treatment Plant (LRA2) here today. Also present was Deputy Prime Minister Datuk Seri Fadillah Yusof, who is also the Minister of Energy Transition and Water Transformation (PETRA). Meanwhile, Anwar said Malaysia continued to face wastage issues, particularly involving Non-Revenue Water (NRW) due to usage practices and weaknesses in the old piping system. He said Deputy Prime Minister Datuk Seri Fadillah Yusof, who is also the minister responsible, had raised the matter numerous times during Cabinet meetings. Following discussions, it would be made one of the priorities under the 13th Malaysia Plan (13MP). The Prime Minister said in terms of water management, ensuring comfort and meeting the people's needs remained the government's main priority. 'How can a country with an abundance of water, with floods two or three times a year, still face water shortages? That means something is wrong, not because of Allah's will, but due to a lack of human ingenuity. 'Take Jordan, for example. They may only have heavy rain two or three times a year, but they are able to store water for times of need. That is why our technology must not only focus on advancement but also ensure water-saving measures are in place,' said Anwar, who is also the Finance Minister. - Bernama
Free Malaysia Today
an hour ago
- Free Malaysia Today
Ringgit ends lower ahead of US FOMC minutes
KUALA LUMPUR : The ringgit appreciated against most major currencies but eased slightly against the greenback at the close today amid cautious market sentiments ahead of the release of the US federal open market committee (FOMC) meeting minutes later tonight. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said that apart from the minutes, comments by senior US central bank officials will also come into focus after the release of the FOMC details. 'Markets are anxious about whether the US Federal Reserve (Fed) will deliver a 25 basis points interest rate cut in the upcoming FOMC meeting,' he told Bernama. Afzanizam said last week's US consumer price index and producer price index dynamics suggested that the Fed might continue to focus on inflation, but noted that the weak labour market warranted additional monetary stimulus. In addition, the market sentiment will stay guarded ahead of policy signals from the Fed's Jackson Hole Economic Policy Symposium later this week. At 6pm, the local currency dipped to 4.2250/4.2290 against the US dollar from yesterday's close of 4.2215/4.2255. At the close, the ringgit settled mostly higher against a basket of major currencies. It gained versus the euro to 4.9196/4.9242 from 4.9307/4.9354 yesterday and inched up against the British pound to 5.7033/5.7087 from 5.7066/5.7120, but dropped vis-à-vis the Japanese yen to 2.8648/2.8677 from 2.8572/2.8601. The ringgit also traded mostly higher against other Asean currencies. It gained versus the Singapore dollar to 3.2864/3.2898 from 3.2901/3.2935 at yesterday's close, strengthened against the Thai baht to 12.9756/12.9935 from 12.9848/13.0027, and inched up vis-à-vis the Indonesian rupiah to 259.6/260.0 from 259.8/260.2. However, it slid against the Philippine peso to 7.41/7.42 from 7.39/7.40 yesterday.
Barnama
an hour ago
- Barnama
Ringgit Rises Against Major Currencies, Eases Vs US Dollar
WORLD By Zufazlin Baharuddin KUALA LUMPUR, Aug 20 (Bernama) -- The ringgit appreciated against most major currencies but eased slightly against the greenback at the close on Wednesday amid cautious market sentiments ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes later tonight. At 6 pm, the local note dipped to 4.2250/2290 against the US dollar from yesterday's close of 4.2215/2255. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that apart from the minutes, comments by senior US central bank officials will also come into focus after the release of the FOMC details. 'Markets are anxious about whether the US Federal Reserve (Fed) will deliver a 25 basis points interest rate cut in the upcoming FOMC meeting,' he told Bernama. Afzanizam said last week's US consumer price index and producer price index dynamics suggested that the Fed might continue to focus on inflation, but noted that the weak labour market warranted additional monetary stimulus. In addition, the market sentiment will stay guarded ahead of policy signals from the Fed's Jackson Hole Economic Policy Symposium later this week. At the close, the ringgit settled mostly higher against a basket of major currencies. It gained versus the euro to 4.9196/9242 from 4.9307/9354 yesterday and inched up against the British pound to 5.7033/7087 from 5.7066/7120, but dropped vis-à-vis the Japanese yen to 2.8648/8677 from 2.8572/8601. The ringgit also traded mostly higher against other ASEAN currencies. It gained versus the Singapore dollar to 3.2864/2898 from 3.2901/2935 at Tuesday's close, strengthened against the Thai baht to 12.9756/9935 from 12.9848/13.0027 and inched up vis-à-vis the Indonesian rupiah to 259.6/260.0 from 259.8/260.2. However, it slid against the Philippine peso to 7.41/7.42 from 7.39/7.40 yesterday.
