Latest news with #APG
The Sun
2 days ago
- Business
- The Sun
Sarawak steps up role in ASEAN Power Grid, expands RE vision
OSAKA: Sarawak is stepping up a plan to integrate Borneo into the ASEAN Power Grid (APG), underlining its commitment to regional energy cooperation, said Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan. He said Sarawak has been supplying electricity to West Kalimantan, Indonesia, since 2016 and is currently in the process of supplying power to Brunei. 'We will play our part to contribute to the APG. Sarawak is also actively enhancing its grid infrastructure to strengthen power distribution across the state and beyond,' he said after the opening ceremony of the Malaysia Pavilion at Expo 2025 Osaka, Japan, today. Besides renewable energy (RE), Awang Tengah said Sarawak is transforming its industrial landscape through strategic diversification into hydrogen, carbon capture, utilisation and storage, oil and gas (O&G), petrochemical products, and aerospace. These developments complement the sustainable O&G sector and expansion into high-value petrochemical downstream activities, leveraging advanced technologies and sustainable practices, he said. 'Sarawak is shaping a dynamic economic hub in Southeast Asia, balancing economic growth and environmental responsibility while achieving long-term prosperity,' said Awang Tengah. He said Sarawak is going to be the hub for RE, anchored in hydropower as it has the potential to generate at least 30,000 megawatts (MW) or 30 gigawatts (GW), if fully developed. Currently, Sarawak is targeting an increase in its generating capacity to 10,000 MW or 10 GW by 2030, and to 15,000 MW or 15 GW by 2035. 'Apart from hydropower potential, there is also huge potential for us to develop this RE through solar power and bio-energy from biomass and waste,' he explained. Awang Tengah also revealed that Sarawak will be hosting Sarawak Week with the theme 'Sustainability for Tomorrow' at the Malaysia Pavilion for the World Expo Osaka from August 4-10. The Malaysia Pavilion at Expo 2025 Osaka spans 2,654.52 square meters across three floors, reflecting the nation's diverse culture and dynamic economy. With the theme 'Weaving a Future in Harmony', the pavilion highlights Malaysia's commitment to a sustainable, inclusive and forward-looking future. The pavilion also serves as a hub for international collaboration and dialogue, as well as pocket talks, product launches, memorandum of understanding signings and business matching sessions. It will also host forums, summits, and networking events that would position Malaysia as a dynamic global partner.
Borneo Post
2 days ago
- Business
- Borneo Post
Sarawak steps up integration into Asean Power Grid, targets 15GW by 2035
Awang Tengah says Sarawak has been supplying electricity to West Kalimantan, Indonesia, since 2016 and is currently in the process of supplying power to Brunei. – Bernama photo OSAKA (May 31): Sarawak is stepping up a plan to integrate Borneo into the Asean Power Grid (APG), underlining its commitment to regional energy cooperation, said Deputy Premier Datuk Amar Awang Tengah Ali Hasan. He said Sarawak has been supplying electricity to West Kalimantan, Indonesia, since 2016 and is currently in the process of supplying power to Brunei. 'We will play our part to contribute to the APG. Sarawak is also actively enhancing its grid infrastructure to strengthen power distribution across the state and beyond,' he said after the opening ceremony of the Malaysia Pavilion at Expo 2025 Osaka, Japan, today. Besides renewable energy (RE), Awang Tengah said Sarawak is transforming its industrial landscape through strategic diversification into hydrogen, carbon capture, utilisation and storage, oil and gas (O&G), petrochemical products, and aerospace. These developments complement the sustainable O&G sector and expansion into high-value petrochemical downstream activities, leveraging advanced technologies and sustainable practices, he said. 'Sarawak is shaping a dynamic economic hub in Southeast Asia, balancing economic growth and environmental responsibility while achieving long-term prosperity,' said Awang Tengah. He said Sarawak is going to be the hub for RE, anchored in hydropower as it has the potential to generate at least 30,000 megawatts (MW) or 30 gigawatts (GW), if fully developed. Currently, Sarawak is targeting an increase in its generating capacity to 10,000 MW or 10 GW by 2030, and to 15,000 MW or 15 GW by 2035. 'Apart from hydropower potential, there is also huge potential for us to develop this RE through solar power and bio-energy from biomass and waste,' he explained. Awang Tengah also revealed that Sarawak will be hosting Sarawak Week with the theme 'Sustainability for Tomorrow' at the Malaysia Pavilion for the World Expo Osaka from August 4-10. The Malaysia Pavilion at Expo 2025 Osaka spans 2,654.52 square meters across three floors, reflecting the nation's diverse culture and dynamic economy. With the theme 'Weaving a Future in Harmony', the pavilion highlights Malaysia's commitment to a sustainable, inclusive and forward-looking future. The pavilion also serves as a hub for international collaboration and dialogue, as well as pocket talks, product launches, memorandum of understanding signings and business matching sessions. It will also host forums, summits, and networking events that would position Malaysia as a dynamic global partner. – Bernama Asean power grid Awang Tengah Ali Hasan renewable energy sarawak
Yahoo
3 days ago
- Business
- Yahoo
1 Volatile Stock on Our Buy List and 2 to Question
A highly volatile stock can deliver big gains - or just as easily wipe out a portfolio if things go south. While some investors embrace risk, mistakes can be costly for those who aren't prepared. At StockStory, our job is to help you avoid costly mistakes and stay on the right side of the trade. That said, here is one volatile stock that could deliver huge gains and two best left to the gamblers. Rolling One-Year Beta: 1.63 Formerly Eldorado Resorts, Caesars Entertainment (NASDAQ:CZR) is a global gaming and hospitality company operating numerous casinos, hotels, and resort properties. Why Do We Think Twice About CZR? Sales were flat over the last two years, indicating it's failed to expand its business Incremental sales over the last five years were much less profitable as its earnings per share fell by 25.8% annually while its revenue grew Unfavorable liquidity position could lead to additional equity financing that dilutes shareholders Caesars Entertainment is trading at $27.05 per share, or 1.5x forward EV-to-EBITDA. To fully understand why you should be careful with CZR, check out our full research report (it's free). Rolling One-Year Beta: 1.13 Started in 1926 as an insulation contractor, APi (NYSE:APG) provides life safety solutions and specialty services for buildings and infrastructure. Why Are We Cautious About APG? Organic revenue growth fell short of our benchmarks over the past two years and implies it may need to improve its products, pricing, or go-to-market strategy Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 3.9 percentage points Underwhelming 3% return on capital reflects management's difficulties in finding profitable growth opportunities At $46.76 per share, APi trades at 22.1x forward P/E. Dive into our free research report to see why there are better opportunities than APG. Rolling One-Year Beta: 1.88 Formed by the 1997 merger of the two leading semiconductor yield management companies, KLA Corporation (NASDAQ:KLAC) is the leading supplier of equipment used to measure and inspect semiconductor chips. Why Are We Bullish on KLAC? Market share has increased this cycle as its 15.6% annual revenue growth over the last five years was exceptional Disciplined cost controls and effective management resulted in a strong two-year operating margin of 35.9%, and its operating leverage amplified its profits over the last five years KLAC is a free cash flow machine with the flexibility to invest in growth initiatives or return capital to shareholders KLA Corporation's stock price of $769.80 implies a valuation ratio of 24.6x forward P/E. Is now the right time to buy? See for yourself in our comprehensive research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Barnama
4 days ago
- Business
- Barnama
ASEAN Green Initiatives Can Generate Additional US$300 Bln By 2030
BUSINESS Malaysian Investment Development Authority (MIDA) Chief Executive Officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid delivers his keynote address during the ASEAN Business Forum 2025 held at a hotel here today. --fotoBERNAMA (2025) COPYRIGHT RESERVED KUALA LUMPUR, May 29 (Bernama) -- ASEAN could generate an additional US$300 billion annually in green revenues and unlock up to US$1.5 trillion in new value by 2030 with advancing green investments and cross-border collaboration in regional power grids, carbon markets, and clean energy incentives (US$1=RM4.23). Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz said Malaysia's green investment strategy has delivered close to 1,000 approved projects in 2024, channelling RM20.8 billion into the economy and creating thousands of future-ready jobs. "We are pushing for key frameworks and regulatory provisions to put our green ambition into action. 'These include the ASEAN Taxonomy for Sustainable Finance, Sustainable Investment Guidelines, and the Greening Value Chain Playbook," he said in his keynote address at the ASEAN Business Forum 2025 here today. His speech was delivered by Malaysian Investment Development Authority (MIDA) chief executive officer Sikh Shamsul Ibrahim Sikh Abdul Majid. Tengku Zafrul said there is also the ASEAN strategy for carbon neutrality, with initiatives such as harmonising carbon markets and measurement standards; advancing carbon capture, utilisation, and storage (CCS/CCUS) technologies; and creating a just transition framework for workers and communities. He said this facilitates the corporate sector's pivot toward sustainable, climate-friendly growth. 'Perhaps, the most transformative is the ASEAN power grid (APG). With 18 cross-border power projects in the pipeline and over 60 renewable energy sites identified, the APG stands as a flagship for ASEAN's sustainable energy transition," he said. Quoting studies, he said the APG could add up to US$3 trillion in gross domestic product (GDP) value by 2050 and create 1.45 million jobs regionally.
The Star
4 days ago
- Business
- The Star
Asean green initiatives can generate additional RM300bil by 2030, says Tengku Zafrul
KUALA LUMPUR: Asean could generate an additional US$300bil (RM1.27 trillion) annually in green revenues and unlock up to US$1.5 trillion (RM6.26 trillion) in new value by 2030 with advancing green investments and cross-border collaboration in regional power grids, carbon markets, and clean energy incentives, says Tengku Datuk Seri Zafrul Aziz. The Investment, Trade and Industry Minister said Malaysia's green investment strategy has delivered close to 1,000 approved projects in 2024, channelling RM20.8bil into the economy and creating thousands of future-ready jobs. "We are pushing for key frameworks and regulatory provisions to put our green ambition into action. "These include the Asean Taxonomy for Sustainable Finance, Sustainable Investment Guidelines, and the Greening Value Chain Playbook," he said in his keynote address at the Asean Business Forum 2025 here Thursday (May 29). His speech was delivered by Malaysian Investment Development Authority (MIDA) chief executive officer Sikh Shamsul Ibrahim Sikh Abdul Majid. Tengku Zafrul said there is also the Asean strategy for carbon neutrality, with initiatives such as harmonising carbon markets and measurement standards; advancing carbon capture, utilisation, and storage (CCS/CCUS) technologies; and creating a just transition framework for workers and communities. He said this facilitates the corporate sector's pivot toward sustainable, climate-friendly growth. "Perhaps, the most transformative is the Asean power grid (APG). With 18 cross-border power projects in the pipeline and over 60 renewable energy sites identified, the APG stands as a flagship for Asean's sustainable energy transition," he said. Quoting studies, he said the APG could add up to US$3 trillion (RM12.7 trillion) in gross domestic product (GDP) value by 2050 and create 1.45 million jobs regionally. The APG's success would rely on strategic funding from banks like the Asian Development Bank (ADB) and the World Bank, ensuring Asean centrality and regional autonomy. Aside from that, Tengku Zafrul said the Asean Digital Economy Framework Agreement (DEFA), now in advanced negotiations, aims to double Asean's digital economy to US$2 trillion (RM8.48 trillion) by 2030, connecting ecommerce, financial technology (fintech), digital finance, and artificial intelligence (AI)-enabled solutions across borders. In 2024, he noted that Asean's digital sector saw profits triple to US$11bill (RM46,7bil) and attracted over US$30bil (RM127.3bil) in new data centre investments. "This surge is being fuelled by our youthful population, rapid urbanisation, and robust public-private partnerships. "For example, unlocking the potential of our 334 million women, roughly half of Asean's population, could add up to US$2.3 trillion (RM9.76 trillion) to regional GDP," he added. - Bernama
