Latest news with #RM637
Barnama
5 days ago
- Business
- Barnama
Malaysia Expected To Attract RM637 Bln Investments In RE, Green Technology By 2050
BUSINESS KUALA LUMPUR, Aug 7 (Bernama) -- Malaysia is expected to attract direct investments of about RM637 billion in renewable energy (RE) and green technology, in addition to creating 310,000 job opportunities by 2050, according to the Ministry of Energy Transition and Water Transformation (PETRA). Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said the government has also set the local ownership equity in all RE projects introduced and implemented to be at least 51 per cent. He said this is to ensure that highly skilled job opportunities and technology transfer to local workers are carried out. 'This includes the implementation of the Large-Scale Solar Programme, Feed-in Tariff Programme, Corporate Renewable Energy Supply Scheme (CRESS) Programme and the Community Renewable Energy Aggregation Mechanism (CREAM) Programme,' he said in a written reply to a question from Datuk Abdul Khalib Abdullah (Rompin-PN) in Dewan Rakyat. Abdul Khalib wanted to know the ministry's plans to attract foreign direct investment in the green technology and circular economy sectors related to energy and water, as well as the expected impact on the creation of highly skilled job opportunities and technology transfer to the local workforce. Fadillah said the government would focus efforts on strengthening existing RE initiatives to provide certainty, incentives and wider green electricity supply options to industry players so that it would be an attractive factor for investors to invest in the country's RE industry value chain. He said that among the efforts that would be continued included strengthening the implementation of the Large-Scale Solar Programme as one of the main solar generation programmes to attract investments in the RE sector with minimal tariff increase implications for electricity consumers. 'The government will also continue to implement the feed-in tariff mechanism and the Low Carbon Energy Generation Programme as a specific programme to attract investments in the field of generation from non-solar sources. 'The ministry will streamline the implementation of CRESS to enable companies investing in the country to obtain green electricity supplies from selected RE generators directly, in addition to utility companies to fulfill environmental, social and governance commitments as well as continue to provide tax incentives, Green Investment Tax Allowance and Green Income Tax Exemption,' he added.
The Sun
5 days ago
- Business
- The Sun
Malaysia to draw RM637bn green investments by 2050
KUALA LUMPUR: Malaysia is projected to secure RM637 billion in direct investments for renewable energy and green technology by 2050. The Ministry of Energy Transition and Water Transformation (PETRA) estimates this will generate 310,000 new job opportunities. Deputy Prime Minister Datuk Seri Fadillah Yusof stated that a minimum 51% local ownership equity will be enforced for all RE projects. This policy ensures high-skilled job creation and technology transfer to Malaysian workers. Key initiatives include the Large-Scale Solar Programme and Feed-in Tariff Programme. Fadillah highlighted these measures in a parliamentary reply to Datuk Abdul Khalib Abdullah's query on green investment strategies. The government aims to enhance investor confidence through stable incentives and expanded green energy supply options. The Large-Scale Solar Programme remains central to attracting RE investments with minimal tariff hikes for consumers. Non-solar energy projects will benefit from the Low Carbon Energy Generation Programme. The Corporate Renewable Energy Supply Scheme (CRESS) will be streamlined for direct green power procurement by businesses. Tax incentives like Green Investment Tax Allowance will further boost investor interest. - Bernama
The Star
6 days ago
- Business
- The Star
Malaysia expected to attract RM637bil investments in RE, green technology by 2050
KUALA LUMPUR: Malaysia is expected to attract direct investments of about RM637 billion in renewable energy (RE) and green technology, in addition to creating 310,000 job opportunities by 2050, according to the Ministry of Energy Transition and Water Transformation (PETRA). Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said the government has also set the local ownership equity in all RE projects introduced and implemented to be at least 51 per cent. He said this is to ensure that highly skilled job opportunities and technology transfer to local workers are carried out. "This includes the implementation of the Large-Scale Solar Programme, Feed-in Tariff Programme, Corporate Renewable Energy Supply Scheme (CRESS) Programme and the Community Renewable Energy Aggregation Mechanism (CREAM) Programme,' he said in a written reply to a question from Datuk Abdul Khalib Abdullah (Rompin-PN) in Dewan Rakyat. Abdul Khalib wanted to know the ministry's plans to attract foreign direct investment in the green technology and circular economy sectors related to energy and water, as well as the expected impact on the creation of highly skilled job opportunities and technology transfer to the local workforce. Fadillah said the government would focus efforts on strengthening existing RE initiatives to provide certainty, incentives and wider green electricity supply options to industry players so that it would be an attractive factor for investors to invest in the country's RE industry value chain. He said that among the efforts that would be continued included strengthening the implementation of the Large-Scale Solar Programme as one of the main solar generation programmes to attract investments in the RE sector with minimal tariff increase implications for electricity consumers. "The government will also continue to implement the feed-in tariff mechanism and the Low Carbon Energy Generation Programme as a specific programme to attract investments in the field of generation from non-solar sources. "The ministry will streamline the implementation of CRESS to enable companies investing in the country to obtain green electricity supplies from selected RE generators directly, in addition to utility companies to fulfill environmental, social and governance commitments as well as continue to provide tax incentives, Green Investment Tax Allowance and Green Income Tax Exemption,' he added. - Bernama
The Star
11-07-2025
- Business
- The Star
4 Timor-Leste social enterprises that empower youth and women
Did you know that Timor-Leste has the youngest population in the South-East Asian region? According to a Seasia Stats research in 2023, the country has the lowest average age population in South-East Asia, at 20.9 years. It is also the youngest nation in the region, meaning that there is still a lot of growing and developing to do by the nation and its people. As the country's future leaders and game-changers, its youths require guidance and empowerment to reach their full potentials. Here are four social enterprises that we had the chance to visit in Timor-Leste, which focus on educating the youth as well as empowering women in order to improve their quality of life and build a brighter tomorrow. Pro-ema Restaurant School This Dili-based school is part of the Pro-ema Organisation ( founded by Simone B. Assis in 2018 to empower adolescent girls and young women in Timor-Leste. The students come from low-income background and have faced violence and abuse in their upbringing. At Pro-ema Restaurant School, students are taught culinary skills to prepare them for a career in the food industry. Graduates have gone on to work locally and internationally. The organisation, which later expanded to include boys and young men as well, also has other establishments, including a beauty salon and an inn, to help local youths hone their skills in various fields. Agora Food Studio Also set in Dili, Agora Food Studio is a restaurant and cafe under Timor-Leste Food Lab, a gastronomic social enterprise co-founded by Alva Lim and Mark Notaras in 2016. With a farm-to-table concept, the eatery was established as a means of promoting the production and consumption of local food, as most of the food in the country tends to be imported from elsewhere. It also funds the enterprise's efforts of mentoring local youths to become leaders and entrepreneurs in fields related to food and tourism. During our dinner, courtesy of The Asia Foundation and New Zealand Embassy in Timor-Leste, we got a taste of local dishes made only with the freshest ingredients, including vegetables, beef and fish. Some of the handmade dolls sold at Boneca de Atauro. — Photos: FLOREY D. MIKIL/The Star Boneca de Atauro At one of the villages on the island of Atauro, stands a nondescript white building that houses a little shop selling handmade dolls and bags. Tachia, who was manning the counter the day we visited, proudly said, 'We have 49 women and 1 boy.' She is, of course, among the 50 members of Boneca de Atauro, a community-based enterprise established in 2006 as a way for the island's local women to make an income. Young boys are welcome too, it seems, provided they are keen to work. The bonecas (Portuguese for 'dolls') are made from a type of cloth called hena, she explained. While the shop was packed that sunny June day, she said that January to March usually bring no tourists, meaning no income for them. During months with higher visits, they could earn up to US$150 (RM637) per month. Some of the visitors have even become regulars. The country's proximity to Darwin, Australia means that Australian tourists can easily make the trip from their hometown to the island to purchase a handicraft or two and help support the local community. Biojoia de Atauro is formed by hearing-impaired women who earn their living producing handmade jewellery. Biojoia de Atauro At the same village, right across the road, is a traditional-looking little green building. We ventured inside to find handmade jewellery displayed throughout. Some are carved from wood, some made from the traditional textile tais, some from stones and seeds – all are made by hearing-impaired local women. Biojoia de Atauro is a cooperative formed by these women, who come from impoverished backgrounds, to improve their quality of life. Buying these ethically produced and sustainable jewellery goes a long way in empowering the women and their community. Travel notes Getting there: You can now fly direct to Timor Leste from Kuala Lumpur via local airline Batik Air. Batik Air ( operates direct flights twice weekly (Monday and Friday) to Presidente Nicolau Lobato International Airport in Dili, Timor Leste from KLIA Terminal 1 in Malaysia. Where to stay: Palm Springs Hotel Dili, Hotel Timor, Novo Turismo Resort And Spa, JL World Hotel Dili, The Plaza Hotel are just a handful of the hotels to check out. Currency: US dollar is the official currency in Timor Leste. Best to carry cash here as debit/credit cards are generally not accepted in stores. More information: Find out more about Timor-Leste at
