logo
Sarawak To Play Key Role In ASEAN Power Grid

Sarawak To Play Key Role In ASEAN Power Grid

Barnama25-05-2025

GENERAL
Sarawak Premier Tan Sri Abang Johari Tun Openg poses for a photo with UOB Malaysia chief executive officer Ng Wei Wei (front, third from left) and founder and vice chairman of the Women Leadership Foundation Datuk Zunaidah Idris (front, second from right) during a walkabout at the ASEAN Women Economic Summit 2025 (AWES 2025), held at a hotel here today.
Sarawak Premier Tan Sri Abang Johari Tun Openg (centre) poses for a photo with UOB Malaysia chief executive officer Ng Wei Wei (fourth from right) and founder and vice chairman of the Women Leadership Foundation Datuk Zunaidah Idris (fourth from left) during the Sustainable Leadership Fireside Chat – Leading ASEAN's Sustainable and Digital Frontier at the ASEAN Women Economic Summit 2025 (AWES 2025), held at a hotel here today.
By Aisha Hani Nor Azmir and Harizah Hanim
KUALA LUMPUR, May 25 (Bernama) -- Sarawak is stepping up plans to deeply integrate into the ASEAN Power Grid, said Sarawak Premier Tan Sri Abang Johari Tun Openg.
He said the East Malaysian state has been supplying electricity to West Kalimantan, Indonesia, for the past six years, and it is currently in the process of supplying electricity to Brunei.
"Prime Minister (Datuk Seri Anwar Ibrahim) has asked me to study the possibility of supplying power from Sarawak to Sabah and to connect to Brunei.
"Sarawak will play its part to contribute to the ASEAN Grid," he said at the Sustainable Leadership Fireside Chat-Leading ASEAN's Sustainable and Digital Frontier at the ASEAN Women Economic Summit 2025 (AWES 2025) held at a hotel (Shangri-La) here today.
Abang Johari said Sarawak is also actively enhancing its grid infrastructure to strengthen power distribution across the state and beyond.
Sarawak has targeted to generate 10 gigawatts (GW) of energy production by 2030 and 15 GW by 2035.
The session was moderated by UOB Malaysia Chief Executive Officer (CEO) Ng Wei Wei.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CPO Futures likely to trade with slight downside bias next week
CPO Futures likely to trade with slight downside bias next week

New Straits Times

timean hour ago

  • New Straits Times

CPO Futures likely to trade with slight downside bias next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a slight downside bias next week, amid rising output and stock levels, said a trader. Palm oil trader David Ng noted that the market is currently entering a seasonally higher production period, which typically begins in April and extends through September or October -- a period during which output typically increases, leading to a corresponding rise in stock levels. "We expect the commodity to trade between RM3,720 per tonne and RM3,950 per tonne," he told Bernama. Meanwhile, Interband Group of Companies senior palm oil trader Jim Teh expects the market to experience profit-taking, with prices likely to trade between RM3,700 per tonne and RM3,800 per tonne. "Stock-wise, the market will be closely watching the Malaysian Palm Oil Board data, which is scheduled for release on June 10," he said. In terms of demand, Teh noted that physical buying is expected from China, India, Pakistan, the Middle East, the European Union countries, and little buying from the United States. "Production-wise, the good weather conditions suggest that CPO output is likely to increase," he added. On a Friday-to-Friday basis, the spot-month June 2025 contract rose RM23 to RM3,911 per tonne, while July 2025 and August 2025 added RM39 each to RM3,930 per tonne and RM3,917 per tonne, respectively. September 2025 rose RM36 to RM3,906 per tonne, October 2025 increased RM29 to RM3,899 per tonne, and November 2025 went up RM25 to RM3,899 per tonne. The weekly trading volume advanced to 290,679 lots from 281,987 lots the previous week, while open interest edged down to 241,688 contracts from 241,994 contracts. The physical CPO price for June South gained RM30 to RM3,960 per tonne. -- BERNAMA

Gold likely to trade range-bound next week
Gold likely to trade range-bound next week

New Straits Times

timean hour ago

  • New Straits Times

Gold likely to trade range-bound next week

KUALA LUMPUR: Gold futures on Bursa Malaysia Derivatives are likely to trade range-bound next week, said an analyst. SPI Asset Management managing partner Stephen Innes said the bullion is likely to stay within its current trading band of US$3,330 to US$3,390 per troy ounce. "For the week just ended, gold has been trading flat throughout the session, reflecting the broader indecision seen in currency markets. Lately, the metal has been moving almost in lockstep but inversely with the US dollar. "Therefore, monitor the dollar closely as it is currently the main influence on gold prices," he told Bernama. On a Friday-to-Friday basis, the spot month June 2025 contract increased to US$3,371.80 per troy ounce from US$3,312.20 per troy ounce, and the July 2025 contract went up to US$3,380.30 per troy ounce from US$3,325.90 per troy ounce. The August 2025, September and October 2025 contracts all strengthened to US$3,393.80 per troy ounce from US$3,325.90 per troy ounce. Trading volume dropped to 241 lots from 256 lots recorded in the preceding week, while open interest reduced to 122 contracts from 139 contracts. According to the London Bullion Market Association's afternoon fix on June 6, physical gold was priced at US$3,374.60 per troy ounce.

PETRONAS lay-offs not Petros-related, says DPM
PETRONAS lay-offs not Petros-related, says DPM

The Star

time2 hours ago

  • The Star

PETRONAS lay-offs not Petros-related, says DPM

Aidiladha offering: Fadillah (second from right) presenting sacrificial meat to one of the recipients while attending the Kampung Sungai Laruh sacrificial ceremony at the Taman Hussein Mosque in Kuching. — Bernama KUCHING: PETRONAS' move to trim its workforce by 10% is not linked to the national oil company's ongoing issues with Petros, says Deputy Prime Minister Datuk Seri Fadillah Yusof. He said the national oil com­pany's move to downsize its ­workforce was instead due to global challenges. The restructuring process, he said, is necessary given the decline in crude oil prices. Fadillah also plans to meet with PETRONAS to get more details on the restructuring ­process. 'That is why PETRONAS has to relook its entire operation. 'I am planning a meeting with them to get a briefing on the matter and to ensure that the number of lay-offs can be reduced, if not avoided,' Bernama reported him as saying after the Aidiladha sacri­ficial event at Taman Hussein Mosque here yesterday. On June 5, PETRONAS president and chief executive officer Tan Sri Tengku Muhammad Taufik Tengku Aziz said the national oil company would be cutting 10% of its workforce to cope with challenging operating conditions, ­particularly due to falling crude prices. Tengku Muhammad Taufik said the number of staff involved in the downsizing process currently stands at around 5,000, and those affected will be notified in stages next year. Prime Minister Datuk Seri Anwar Ibrahim said on the following day that the lay-off exercise involved mostly contract workers. On May 21, the federal and the Sarawak state governments signed a joint declaration, esta­blishing clear parameters and a collaborative framework for PETRONAS and Petros in the oil and gas sector. According to the joint declaration, Petronas will continue its functions, activities, respon­si­bilities and obligations entrusted to the company, under the Petro­leum Development Act and its regulations. Following the joint declaration, the Prime Minister's Office said all relevant federal and state laws relating to gas distribution in Sarawak are to co-exist and be respected by all parties.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store