Latest news with #GLICs
New Straits Times
23-05-2025
- Business
- New Straits Times
Zahid urges stronger push for Bumiputera Economic Transformation Plan success
PUTRAJAYA: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has called on all ministries, agencies and government-linked bodies to step up efforts to ensure the success of the Bumiputera Economic Transformation Plan 2035 (PuTERA35). He said PuTERA35, a long-term plan to drive the economic development of Bumiputeras, must not remain a mere "decorative document stored in the cabinet". "PuTERA35 represents a national commitment to strengthening Bumiputera participation, ownership and control in the economy," Zahid said in a speech. "However, if this commitment is not translated into action, we are merely wasting time. "This is why I want everyone, whether from ministries, agencies, government-linked companies (GLCs), government-linked investment companies (GLICs), coordinators or implementers, to move together, to review, assess transparently, and act decisively to ensure that this agenda achieves the goals we have collectively envisioned." He said this in his keynote address at the one-year retreat session of the 2024 Bumiputera Economic Congress. Zahid said the implementation of programmes and projects under PuTERA35 has achieved a 15.7 per cent success rate. "We already have the plan and the structure. What we now need is disciplined implementation and the courage to make bold decisions." Zahid also spoke on the importance of a clear timeline to deliver tangible results. "We have 132 initiatives under PuTERA35. I want these to be given the utmost priority. I want tangible results. "We can no longer afford to be trapped in endless rhetoric," he said, adding that a strategic, clear and consistent communications plan on PuTERA35 was also needed. He added that PuTERA35 must also serve as a central framework for all ministries, not just the Economy Ministry and the Rural and Regional Development Ministry, as it is a government policy. "Every ministry, without exception, must play an active role as envisioned. The people have the right to know how many Bumiputera entrepreneurs have been developed this year. "How many have progressed from micro to medium enterprises? How many TVET graduates are now earning monthly salaries of over RM4,000?" Zahid also called for a change in the treatment of reports, saying the government could no longer rely on passive and annual reports. "It is time for us to move forward with courage, guided by strategic, data-driven interventions and focused on real outcomes. "Now is the time to prove that what has been planned is truly being implemented," said Zahid, who is also the Rural and Regional Development minister. Meanwhile, Zahid said he has tasked the deputy secretary-generals for policy in each ministry to coordinate and monitor the implementation of PuTERA35. "This role will be further supported by the Bumiputera Empowerment Unit, which must be restructured to suit current needs," he said. He also said the Bumiputera Economic Congress retreat session will become an annual fixture to collectively reinvigorate the Bumiputera development agenda across all ministries, agencies and sectors. Present were Deputy Economy Minister Datuk Hanifah Hajar Taib, Majlis Amanah Rakyat (MARA) chairman Datuk Dr Asyraf Wajdi Dusuki, and Bumiputera Agenda Steering Unit (Teraju) chief executive officer Junady Nawawi.
Malay Mail
23-05-2025
- Business
- Malay Mail
TNB announces highest dividend in four years, emphasises nation-building efforts
KUALA LUMPUR, May 23 — Tenaga Nasional Berhad (TNB) announced its highest dividend in four years at 51 sen per share, totalling over RM2.96 billion, while reaffirming its commitment to creating long-term value through sound financial management, operational strength, and community investments that benefit both shareholders and the nation. According to a statement by TNB, the company's commitment to nation-building went beyond financial returns. Through targeted programmes in education, community development and wellbeing, the company channelled long-term investments into meaningful outcomes. The statement said TNB's initiatives aimed to uplift underserved communities, bridge opportunity gaps, and foster social cohesion, while through scholarships, educational programmes, and rural outreach, the company empowered future generations and drove long-term impact. 'These efforts underscored its commitment to shared prosperity and nation-building beyond its core utility role, and it was also implementing Phase II of its Village Street Lighting Programme, installing over 14,000 energy-efficient LED streetlights in rural areas to enhance safety, connectivity, and economic inclusion,' the statement said. It added that the dividend payout aligned with TNB's 60 per cent dividend policy and benefited millions of Malaysians, as over 60 per cent of its shares were held by major Government-Linked Investment Companies (GLICs), including Permodalan Nasional Berhad (PNB), the Employees Provident Fund (EPF), Khazanah Nasional Berhad, Kumpulan Wang Persaraan (KWAP), and Lembaga Tabung Haji (LTH). In 2024, TNB contributed RM874.7 million in tax and zakat, strengthening public finances and supporting nationwide community wellbeing. Beyond financial performance, the company allocated RM140.9 million for contributions and sponsorships in education, sport, community development, and environmental initiatives. TNB added that its strong performance had benefited from favourable macroeconomic conditions, including a strengthening ringgit and 5.1 per cent of national gross domestic product (GDP) growth and its performance demonstrated eight years of consistently maintaining dividend payouts at the higher end of its 30-60 policy range. Highlighting Malaysia's record-high approved investments of RM378.5 billion in 2024, as reported by the Investment, Trade and Industry Ministry (MITI), TNB said this had translated into stronger industrial and commercial electricity demand. TNB noted these achievements reflected not only its operational excellence but also aligned with national aspirations to deliver reliable infrastructure, promote inclusive growth, and accelerate the energy transition under the Ekonomi MADANI framework. In 2024, TNB invested RM11.2 billion in capital expenditure to accelerate grid modernisation and support the national energy transition, including key upgrades facilitating renewable energy integration and strengthening network resilience across Peninsular Malaysia. TNB said the company maintained an 87 per cent Customer Satisfaction Index score through improved service quality, while its MSCI ESG rating upgrade to 'A' demonstrated sustainability leadership through reduced emissions, improved water efficiency, and expanded renewable energy adoption – all of which strengthened investor confidence. At the company's 35th Annual General Meeting held at Pusat Konvensyen Leo Moggie here, TNB Chairman Tan Sri Abdul Razak Abdul Majid said the dividend payout reflected TNB's commitment to delivering consistent and sustainable returns to shareholders. 'These distributions ultimately reach millions of Malaysians, reinforcing national savings, retirement security and broad-based financial wellbeing,' he said. Meanwhile, TNB president/chief executive officer Datuk Megat Jalaluddin Megat Hassan reaffirmed the company's focus on sustaining stable returns while investing in systems and communities that support national development. 'Our strategy is clear, we aim to maintain robust performance while generating long-term value for the rakyat through responsible returns and meaningful impact. By strengthening the reliability of our services, managing costs effectively, and anchoring our efforts in nation-building, we continue to deliver steady value even amid global uncertainties,' he said. — Bernama
The Sun
22-05-2025
- Business
- The Sun
TNB returns nearly RM3 billion to Malaysians through responsible growth
KUALA LUMPUR: Tenaga Nasional Berhad (TNB) announced its highest dividend in four years at 51 sen per share, totalling over RM2.96 billion, while reaffirming its commitment to creating long-term value through sound financial management, operational strength, and community investments that benefit both shareholders and the nation. According to a statement by TNB, the company's commitment to nation-building went beyond financial returns. Through targeted programmes in education, community development and wellbeing, the company channelled long-term investments into meaningful outcomes. The statement said TNB's initiatives aimed to uplift underserved communities, bridge opportunity gaps, and foster social cohesion, while through scholarships, educational programmes, and rural outreach, the company empowered future generations and drove long-term impact. 'These efforts underscored its commitment to shared prosperity and nation-building beyond its core utility role, and it was also implementing Phase 11 of its Village Street Lighting Programme, installing over 14,000 energy-efficient LED streetlights in rural areas to enhance safety, connectivity, and economic inclusion,' the statement said. It added that the dividend payout aligned with TNB's 60 per cent dividend policy and benefited millions of Malaysians, as over 60 per cent of its shares were held by major Government-Linked Investment Companies (GLICs), including Permodalan Nasional Berhad (PNB), the Employees Provident Fund (EPF), Khazanah Nasional Berhad, Kumpulan Wang Persaraan (KWAP), and Lembaga Tabung Haji (LTH) In 2024, TNB contributed RM874.7 million in tax and zakat, strengthening public finances and supporting nationwide community wellbeing. Beyond financial performance, the company allocated RM140.9 million for contributions and sponsorships in education, sports, community development, and environmental initiatives. TNB added that its strong performance had benefited from favourable macroeconomic conditions, including a strengthening ringgit and 5.1 per cent of national gross domestic product (GDP) growth and its performance demonstrated eight years of consistently maintaining dividend payouts at the higher end of its 30-60 policy range. Highlighting Malaysia's record-high approved investments of RM378.5 billion in 2024, as reported by the Investment, Trade and Industry Ministry (MITI), TNB said this had translated into stronger industrial and commercial electricity demand. TNB noted these achievements reflected not only its operational excellence but also aligned with national aspirations to deliver reliable infrastructure, promote inclusive growth, and accelerate the energy transition under the Ekonomi MADANI framework. In 2024, TNB invested RM11.2 billion in capital expenditure to accelerate grid modernisation and support the national energy transition, including key upgrades facilitating renewable energy integration and strengthening network resilience across Peninsular Malaysia. TNB said the company maintained an 87 per cent Customer Satisfaction Index score through improved service quality, while its MSCI ESG rating upgrade to 'A' demonstrated sustainability leadership through reduced emissions, improved water efficiency, and expanded renewable energy adoption - all of which strengthened investor confidence. At the company's 35th Annual General Meeting held at Pusat Konvensyen Leo Moggie here, TNB Chairman Tan Sri Abdul Razak Abdul Majid said the dividend payout reflected TNB's commitment to delivering consistent and sustainable returns to shareholders. 'These distributions ultimately reach millions of Malaysians, reinforcing national savings, retirement security and broad-based financial wellbeing,' he said. Meanwhile, TNB President/Chief Executive Officer Datuk Ir Megat Jalaluddin Megat Hassan reaffirmed the company's focus on sustaining stable returns while investing in systems and communities that support national development. 'Our strategy is clear, we aim to maintain robust performance while generating long-term value for the rakyat through responsible returns and meaningful impact. By strengthening the reliability of our services, managing costs effectively, and anchoring our efforts in nation-building, we continue to deliver steady value even amid global uncertainties,' he said.
The Sun
22-05-2025
- Business
- The Sun
TNB's 51 sen dividend, over RM2.96B, highest in 4 years
KUALA LUMPUR: Tenaga Nasional Berhad (TNB) announced its highest dividend in four years at 51 sen per share, totalling over RM2.96 billion, while reaffirming its commitment to creating long-term value through sound financial management, operational strength, and community investments that benefit both shareholders and the nation. According to a statement by TNB, the company's commitment to nation-building went beyond financial returns. Through targeted programmes in education, community development and wellbeing, the company channelled long-term investments into meaningful outcomes. The statement said TNB's initiatives aimed to uplift underserved communities, bridge opportunity gaps, and foster social cohesion, while through scholarships, educational programmes, and rural outreach, the company empowered future generations and drove long-term impact. 'These efforts underscored its commitment to shared prosperity and nation-building beyond its core utility role, and it was also implementing Phase 11 of its Village Street Lighting Programme, installing over 14,000 energy-efficient LED streetlights in rural areas to enhance safety, connectivity, and economic inclusion,' the statement said. It added that the dividend payout aligned with TNB's 60 per cent dividend policy and benefited millions of Malaysians, as over 60 per cent of its shares were held by major Government-Linked Investment Companies (GLICs), including Permodalan Nasional Berhad (PNB), the Employees Provident Fund (EPF), Khazanah Nasional Berhad, Kumpulan Wang Persaraan (KWAP), and Lembaga Tabung Haji (LTH) In 2024, TNB contributed RM874.7 million in tax and zakat, strengthening public finances and supporting nationwide community wellbeing. Beyond financial performance, the company allocated RM140.9 million for contributions and sponsorships in education, sports, community development, and environmental initiatives. TNB added that its strong performance had benefited from favourable macroeconomic conditions, including a strengthening ringgit and 5.1 per cent of national gross domestic product (GDP) growth and its performance demonstrated eight years of consistently maintaining dividend payouts at the higher end of its 30-60 policy range. Highlighting Malaysia's record-high approved investments of RM378.5 billion in 2024, as reported by the Investment, Trade and Industry Ministry (MITI), TNB said this had translated into stronger industrial and commercial electricity demand. TNB noted these achievements reflected not only its operational excellence but also aligned with national aspirations to deliver reliable infrastructure, promote inclusive growth, and accelerate the energy transition under the Ekonomi MADANI framework. In 2024, TNB invested RM11.2 billion in capital expenditure to accelerate grid modernisation and support the national energy transition, including key upgrades facilitating renewable energy integration and strengthening network resilience across Peninsular Malaysia. TNB said the company maintained an 87 per cent Customer Satisfaction Index score through improved service quality, while its MSCI ESG rating upgrade to 'A' demonstrated sustainability leadership through reduced emissions, improved water efficiency, and expanded renewable energy adoption - all of which strengthened investor confidence. At the company's 35th Annual General Meeting held at Pusat Konvensyen Leo Moggie here, TNB Chairman Tan Sri Abdul Razak Abdul Majid said the dividend payout reflected TNB's commitment to delivering consistent and sustainable returns to shareholders. 'These distributions ultimately reach millions of Malaysians, reinforcing national savings, retirement security and broad-based financial wellbeing,' he said. Meanwhile, TNB President/Chief Executive Officer Datuk Ir Megat Jalaluddin Megat Hassan reaffirmed the company's focus on sustaining stable returns while investing in systems and communities that support national development. 'Our strategy is clear, we aim to maintain robust performance while generating long-term value for the rakyat through responsible returns and meaningful impact. By strengthening the reliability of our services, managing costs effectively, and anchoring our efforts in nation-building, we continue to deliver steady value even amid global uncertainties,' he said.
The Star
22-05-2025
- Business
- The Star
Delivering value, empowering communities
LEADING utility company Tenaga Nasional Berhad (TNB) today reaffirmed its commitment to long-term value creation through disciplined capital management, operational resilience and community-focused investments that benefit shareholders and the nation alike. Reflecting this commitment, TNB's Board has declared a total dividend of 51 sen per share - the highest in four years – amounting to RM2.96bil. This is in line with the company's dividend policy of a 60% payout ratio, and delivers direct financial benefits to millions of Malaysians, as more than 60% of TNB shares are collectively held by major Government-Linked Investment Companies (GLICs) such as Permodalan Nasional Berhad (PNB), the Employees Provident Fund (EPF), Khazanah Nasional Berhad, Kumpulan Wang Persaraan (KWAP) and Lembaga Tabung Haji (LTH). It also reflects TNB's consistent track record of sustaining dividend payouts at the upper end of the 30–60% policyrange for the past eight years. 'This dividend payout reflects TNB's commitment to delivering consistent, sustainable returns to our shareholders,' said TNB chairman, Tan Sri Abdul Razak Abdul Majid at the company's 35th Annual General Meeting (AGM) held at Pusat Konvensyen Leo Moggie, TNB Headquarters in Kuala Lumpur. 'These distributions ultimately reach millions of Malaysians, reinforcing national savings, retirement security and broad-based financial wellbeing,' Abdul Razak added. In 2024, TNB also contributed RM874.7mil in tax and zakat, strengthening public finances and supporting community wellbeing nationwide. Advancing inclusive growth through social investment TNB's commitment to nation-building goes beyond financial returns. Through targeted programmes in education, community development and wellbeing, the company channels long-term investments into meaningful outcomes. In 2024, TNB allocated RM140.9mil in contributions and sponsorships across areas such as education, sports and community wellbeing and environment. TNB's initiatives aim to uplift underserved communities, bridge opportunity gaps, and foster social cohesion. Through scholarships, educational programmes, and rural outreach, the company empowers future generations and drives long-term impact. These efforts reflect TNB's commitment to shared prosperity and nation-building beyond its core utility role. As part of its rural outreach efforts, TNB advanced Phase 11 of the Village Street Lighting Programme in 2024, installing over 14,000 energy-efficient LED lights in underserved areas, enhancing safety, connectivity and economic inclusion. Driving operational excellence with purpose While TNB's social investments uplift communities, its core strength lies in the rigorous execution of its operational and strategic priorities. TNB president and chief executive officer, Datuk Ir Megat Jalaluddin Megat Hassan, affirmed the company's focus on sustaining strong returns while investing in the systems and communities that support national development. 'Our strategy is clear — we aim to maintain robust performance while generating long-term value for the rakyat through responsible returns and meaningful impact,' said Megat Jalaluddin. 'By strengthening the reliability of our services, managing costs effectively, and anchoring our efforts in nation-building, we continue to deliver steady value even amid global uncertainties.' This disciplined approach to resilience and responsible leadership is also reflected in how TNB continues to deliver value, both to its shareholders and to the broader economy. Staying the course with focus and purpose Despite global headwinds and evolving industry dynamics, TNB's fundamentals remain strong. The group continues to invest in grid reliability, digital capabilities and operational excellence, ensuring that it remains agile and responsive to future challenges. These translate into fewer power disruptions, faster service recovery and more efficient energy management, ultimately ensuring Malaysians enjoy reliable, secure and affordable electricity. TNB's strong performance also benefited from a confluence of favourable macroeconomic conditions, including a strengthening ringgit and 5.1% national GDP growth, coupled with prudent cost management and operational efficiency. In the lead-up to Langkawi International Maritime and Aerospace Exhibition (LIMA) 2025, a strategic platform for collaboration between the government and industry players, TNB continues to play a crucial behind-the-scenes role in ensuring a stable and reliable electricity supply in Langkawi. The improving macro environment helped spur business activity and consumer confidence, which in turn supported demand growth for electricity across industrial, commercial and residential sectors. These conditions collectively reinforced TNB's resilience in a dynamic operating environment. Malaysia's record-high approved investments of RM378.5bil in 2024, as reported by MITI, also translated into stronger industrial and commercial electricity demand. In this respect, TNB believes it has played a role in sustaining investor confidence and driving long-term economic growth by ensuring a stable and reliable energy infrastructure. These achievements reflect not only TNB's operational excellence but are also aligned with national aspirations of delivering reliable infrastructure, promoting inclusive growth and accelerating the energy transition. It is also in line with Ekonomi Madani, the national framework for shared prosperity, sustainability and social wellbeing. Delivering tangible progress across priority areas In 2024, TNB invested RM11.2bil in capex to accelerate grid modernisation and drive the national energy transition. This includes key upgrades that support the integration of renewable energy and strengthen network resilience across Peninsular Malaysia. The company also maintained a high Customer Satisfaction Index (CSI) score of 87%, reflecting sustained efforts to enhance service quality and customer experience. Capping off a year of operational excellence, TNB's MSCI ESG rating was upgraded to 'A', cementing the group's leadership in sustainability. The rating reflects significant strides in reducing carbon emissions, improving water efficiency and expanding renewable energy adoption. This ESG upgrade not only affirms TNB's commitment to responsible business practices but also aligns with Malaysia's broader sustainability ambitions. It also strengthens investor confidence, supports the country's net-zero aspirations and demonstrates TNB's environmental leadership.
