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New Straits Times
25-05-2025
- Business
- New Straits Times
DPM Fadillah calls for Asean members to strengthen energy cooperation
KUALA LUMPUR: Asean member states must strengthen regional energy cooperation as part of a shared prosperity strategy, said Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who is also energy transition and water transformation Minister, said cross-border partnerships in the energy sector are already seen through collaborations between Laos, Malaysia, Thailand and Singapore. "For instance, Laos supplies energy to Singapore, but it must pass through Thailand and Malaysia, so Laos pays a wheeling fee for transmitting through our power grid. "However, sometimes during winter, water sources freeze and the supply is disrupted. "At that point, Laos may draw power from Thailand and Malaysia to continue supplying Singapore. "This shows how Asean member states support and help one another," he told reporters after the Luncheon Power Talk session - Shared Prosperity: The New Imperative for Asean's Economic Growth held in conjunction with the Asean Women Economic Summit (AWES) 2025 here today. Singapore currently imports up to 100 megawatts (MW) of renewable energy from Laos through a cross-border initiative called the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP). This will double to a maximum of 200MW of renewable hydropower, with supply from Malaysia as well. Fadillah said Malaysia remains committed to implementing the National Energy Transition Roadmap (NETR) and is actively working towards realising the Asean Power Grid to establish a connected and sustainable energy ecosystem. Citing the recent gas pipeline explosion in Putra Heights, Fadillah said Malaysia had entered into discussions with Thailand to supply gas to the country's northern region, following the shutdown of the affected pipeline. "This is how we help one another. This is what we call shared prosperity. "Only through sharing and mutual support can Asean become stronger and more competitive," he said. Fadillah said that one of the country's key challenges is ensuring a stable energy supply or baseload, which cannot be guaranteed by weather-dependent sources such as solar and wind. As such, Malaysia currently relies on coal, gas and diesel. However, he added, the world is now moving towards clean energy sources such as hydrogen, nuclear, hydropower, and biogas produced by palm oil waste and industrial by-products. Meanwhile, Fadillah said Malaysia remains committed to empowering women in all aspects of national development, including entrepreneurship, employment and capacity building, in line with the shared prosperity approach. He said this commitment is evident through efforts to promote women's empowerment, particularly in education policy, with women now dominating higher education institutions and increasingly excelling in technical and professional fields. Fadillah added that the shared prosperity agenda extends to all segments of society, including women and those living in rural or marginalised areas. "We must create space and opportunities for women and groups that may have been left behind. "For example, those in remote rural areas... we need to close the gaps, including the digital divide, development disparities, and the gap between policy and implementation," he said. The session was moderated by Kuok Brothers Sdn Bhd managing director and K3 Ventures founder Kuok Meng Xiong. UOB Malaysia is the main sponsor of AWES 2025, with Kuok Brothers Sdn Bhd as the empowerment partner. The two-day inaugural AWES 2025, which began Saturday, was held in conjunction with the 46th Asean Summit, held under Malaysia's 2025 Chairmanship. It was attended by over 700 delegates representing government, business, and civil society across Asean. Themed "Empowering Women, Energising Asean: Pioneering Economic Integration for a Resilient Tomorrow", AWES highlighted the urgent need to position women at the forefront of Asean's economic transformation, particularly in addressing current challenges such as global tariff wars, digital transformation, and sustainable development. It also featured discussion and strategic brainstorming sessions, leadership lab and mentorship programme. – BERNAMA
Barnama
25-05-2025
- Business
- Barnama
DPM Fadillah Calls For ASEAN Member States To Strengthen Energy Cooperation
By Aisha Hani Nor Azmir & Harizah Hanim Mohamed KUALA LUMPUR, May 25 (Bernama) -- ASEAN member states must strengthen regional energy cooperation as part of a shared prosperity strategy, said Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who is also Energy Transition and Water Transformation Minister, said cross-border partnerships in the energy sector are already seen through collaborations between Laos, Malaysia, Thailand and Singapore. 'For instance, Laos supplies energy to Singapore, but it must pass through Thailand and Malaysia, so Laos pays a wheeling fee for transmitting through our power grid. 'However, sometimes during winter, water sources freeze and the supply is disrupted. At that point, Laos may draw power from Thailand and Malaysia to continue supplying Singapore. This shows how ASEAN member states support and help one another.' He told reporters this after the Luncheon Power Talk session - Shared Prosperity: The New Imperative for ASEAN's Economic Growth held in conjunction with the ASEAN Women Economic Summit (AWES) 2025 here today. Singapore currently imports up to 100 megawatts (MW) of renewable energy from Laos through a cross-border initiative called the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP). This will double to a maximum of 200MW of renewable hydropower, with supply from Malaysia as well. Fadillah said Malaysia remains committed to implementing the National Energy Transition Roadmap (NETR) and is actively working towards realising the ASEAN Power Grid to establish a connected and sustainable energy ecosystem. Citing the recent gas pipeline explosion in Putra Heights, Fadillah said Malaysia had entered into discussions with Thailand to supply gas to the country's northern region, following the shutdown of the affected pipeline.
Barnama
25-05-2025
- Business
- Barnama
Fadillah:: Intra-ASEAN Trade Key To Boosting Palm Oil Demand Amid Global Challenges
From Harizah Hanim Mohamed & Aisha Hani Nor Azmir KUALA LUMPUR, May 25 (Bernama) — Robust intra-ASEAN economic activity vital to stimulate demand for palm oil products amid stricter private regulations, tariff uncertainties and other global economic challenges, said Deputy Prime Minister and Minister of Plantation and Commodities Datuk Seri Fadillah Yusof. He said that by focusing on intra-ASEAN cooperation and trade, more economic activities across member states both downstream and upstream sector can be stimulated, particularly in ensuring a resilient and self-sustaining growth engine. 'Malaysia and Indonesia are the biggest states in the palm oil production… with all the restrictions from the world, including introduction of the European Union Deforestation Regulation (EUDR), there is a restriction for us to export our products to the overseas markets. 'If we can focus on ASEAN, then we create more activities between the ASEAN member states, so that it will be enough to sustain our economic activities and benefit entire ASEAN population,' he said at the Luncheon Power Talk Shared Prosperity: The New Imperative for ASEAN's Economic Growth at the ASEAN Women Economic Summit 2025 (AWES 2025) held at a hotel (Shangri-La) here today. Fadillah also called for a more harmonising standards among ASEAN member countries through minimising the non-tariff barriers, strengthen the supply chains and open up to all the member states the benefit of the quality growth. 'Strengthening ASEAN is not just strategic, it is necessary to safeguard our shared prosperity and deliver tangible benefits to the entire ASEAN population,' he said, adding that regional trade, investment, and connectivity must be enhanced to build a more resilient and competitive single market. Citing an example of active cross-border trade, Fadillah said active cross-trade activities can be seen among Thailand, Malaysia, and Indonesia. 'Such efforts should be facilitated to ensure greater cross-border trade is created for the benefit of ASEAN citizens,' he added.
