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Borneo Post
14-05-2025
- Business
- Borneo Post
Sarawak exploring renewable energy from upgraded Bayong water treatment plant
(From second right) Abang Johari and State Utility and Telecommunication Minister Dato Sri Julaihi Narawi during a working visit to the Bayong Water Treatment Plant today. – Ukas photo SARIKEI (May 14): Sarawak is looking to harness its natural water resources to generate electricity for local communities, using the newly upgraded Bayong Water Treatment Plant as a pilot site. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the state is considering installing mini water turbines powered by the Bayong catchment area to produce renewable energy for nearby areas. 'We may experiment here with generating electricity using water-powered mini turbines for the local population,' he said during a visit to the plant today. He emphasised that the initiative forms part of Sarawak's goal to ensure full access to clean water and electricity across the state by 2030. Abang Johari also highlighted the state's natural wealth, particularly water resources, as a key to economic diversification, through treated water, hydropower and green hydrogen production. The Bayong plant recently underwent a RM68.4 million upgrade, boosting its capacity from 70 million litres per day (MLD) to 100 MLD, improving supply to Sarikei Division, including Tanjung Manis and Belawai. He noted that the plant's capacity could be scaled up to 150 MLD if needed. 'The investment not only secures the region's water supply but also paves the way for sustainable energy solutions that could boost Sarawak's economy and attract future investment,' he added. – Bernama
The Sun
14-05-2025
- Business
- The Sun
Sarawak eyes renewable power from upgraded water plant
SARIKEI: Sarawak is looking to harness its natural water resources to generate electricity for local communities, using the newly upgraded Bayong Water Treatment Plant as a pilot site. Premier Tan Sri Abang Johari Tun Openg said the state is considering installing mini water turbines powered by the Bayong catchment area to produce renewable energy for nearby areas. 'We may experiment here with generating electricity using water-powered mini turbines for the local population,' he said during a visit to the plant on Tuesday. He emphasised that the initiative forms part of Sarawak's goal to ensure full access to clean water and electricity across the state by 2030. Abang Johari also highlighted the state's natural wealth, particularly water resources, as a key to economic diversification, through treated water, hydropower and green hydrogen production. The Bayong plant recently underwent a RM68.4 million upgrade, boosting its capacity from 70 million litres per day (MLD) to 100 MLD, improving supply to Sarikei Division, including Tanjung Manis and Belawai. He noted that the plant's capacity could be scaled up to 150 MLD if needed. 'The investment not only secures the region's water supply but also paves the way for sustainable energy solutions that could boost Sarawak's economy and attract future investment,' he added.
Borneo Post
08-05-2025
- Politics
- Borneo Post
Upgraded Bayong plant in Sarikei boasts 100 MLD capacity, new intake point and pipelines
Julaihi (front fourth right) is briefed about the Bayong Water Treatment Plant. SARIKEI (May 8): The upgraded Bayong Water Treatment Plant here has a new intake point along the Gerugu River, said Dato Sri Julaihi Narawi. The Minister of Utility and Telecommunication said the plant sources its raw water from the Gerugu Dam, which has a yield of approximately 140 million litres. 'The Bayong plant has now been fully upgraded and boasts a capacity of 100 MLD (million litres per day), up from its previous 70 MLD, with an additional 30 MLD added through recent works. 'The upgrade, which included the construction of a new intake point and installation of new pipelines, cost RM68.4 million, fully funded by the Sarawak government,' he said during a visit yesterday. Separately, he said work to upgrade the Julau Water Treatment Plant is progressing steadily and expected to increase the facility's water production capacity to 4.7 MLD once completed by the end of this year. He said the new water treatment plant, currently under construction, will have a capacity of 3.4 MLD. 'Located adjacent to the existing plant which currently produces 1.3 MLD, the addition will significantly enhance water supply,' he said. He added the project, fully funded by the Sarawak government, comes at a cost of nearly RM26 million. Meanwhile, Meluan assemblyman Rolland Duat Jubin voiced deep concern over the ongoing water supply crisis in Julau, describing the situation as critical and having dragged on for far too long. He called on the Rural Water Supply Department (JBALB) to be more efficient and proactive in resolving the long-standing water issues affecting the Meluan constituency. 'The residents have been patient but are in urgent need of a sustainable solution,' said Rolland. Julaihi instructed JBALB to give the utmost commitment in addressing the matter and stressed that the department must remain responsive to public complaints and act swiftly to implement necessary measures. Among those present were Meradong assemblyman Datuk Ding Kuong Hiing, Wong Zee Yeng – who represented Sarikei MP Datuk Seri Huang Tiong Sii, JBALB state director Awang Mohammad Fadillah Awang Redzuan, and Sarikei Deputy Resident Badjuri Bidin.
The Sun
28-04-2025
- Business
- The Sun
Bursa Malaysia posts lower Patami of RM68.4m in Q1 due to drop in operating revenue
PETALING JAYA: Bursa Malaysia Bhd posted profit after tax, zakat and minority interest (Patami) of RM68.4 million for the first quarter ended March 31,2025 (Q1'25), an 8.8% decrease from RM75 million in the corresponding quarter ended March 31, 2024 (Q1'24). The decrease in Patami was primarily attributed to a 1.7% drop in operating revenue to RM177.7 million in Q1'25 from RM180.7 million previously. Concurrently, total operating expenses increased by 6.7% to RM92.9 million in Q1'25 against RM87.1 million in Q1'24, due to higher technology expenses and higher subscription costs following the launch of the Centralised Sustainability Intelligence (CSI) platform in June 2024. 'The first quarter of 2025 proved to be a challenging period for global markets, weighed down by external factors affecting equity market performance. Notwithstanding the headwinds, Malaysia's capital market remains resilient, supported by strong economic fundamentals and the government's clear policy direction, supported by outlined national roadmaps in key growth areas. 'At Bursa Malaysia, we are encouraged by the strong IPO (initial public offering) momentum, with 16 listings recorded to date, keeping the exchange on track to meet its full-year target of 60 IPOs,' said Bursa Malaysia CEO Datuk Fad'l Mohamed. For the current quarter under review, the lower operating revenue in the securities market is primarily due to a decrease in trading revenue, with the average daily trading value for on-market trades and direct business trades declined by 11.9% to RM2.8 billion in Q1'25 against RM3.2 billion in Q1'24. Trading velocity in Q1'25 dropped by six percentage points to 33% from 39% in Q1'24. The lower number of trading days, by two days, in Q1'25, compared to Q1'24, also contributed to the decline in operating revenue. As for the derivatives market, trading revenue saw a notable increase of 13.7% to RM28.9 million from RM25.4 million, driven mainly by higher average daily contracts traded for crude palm oil futures. Revenue from conference fees and exhibition-related income increased by 12.1% to RM7.1 million from RM6.4 million, supported by higher number of participants at the Palm and Lauric Oils Price Outlook Conference and Exhibition. On the Islamic market front, operating revenue recorded a 23% increase to RM5.5 million in Q1'25 from RM4.5 million in Q1'24, mainly driven by higher Bursa Suq Al-Sila' trading revenue. Revenue from Bursa Gold Dinar increased to RM0.6 million from RM0.2 million. Meanwhile, the data business segment maintained its growth momentum, with operating revenue increasing by 2.1% to RM19.4 million in Q1'25 from RM19 million in Q1'24. Fad'l said, 'While global market uncertainties, including geopolitical tensions, US trade and monetary policy decisions, and commodity price volatility continue to shape investor sentiment, Bursa Malaysia remains focused on strengthening market resilience through ongoing outreach efforts and enhanced product offerings, to broaden investor participation. We expect these initiatives will help cushion against external headwinds and sustain healthy trading activity across our markets.' He added. 'We will continue to enhance investor accessibility through closer engagement or collaboration with industry partners. We also remain committed to driving sustainability excellence and strengthening our market's competitiveness, particularly by enhancing the attractiveness of listed companies. By designating the CSI as our dedicated sustainability reporting platform, now enhanced with artificial intelligence capabilities, we are empowering all listed companies to deliver more robust, transparent disclosures. 'Additionally, we will expand offerings under Bursa Carbon Exchange and Bursa Malaysia RAM Capital Sdn Bhd to support Malaysia's transition to a low-carbon economy and to provide funding flexibility to companies, respectively.' Fad'l concluded, 'Amid ongoing global economic challenges and uncertainties, the exchange continues to strive meeting all its five headline key performance indicators for the financial year ending 2025. The board of directors also wishes to record its appreciation to the outgoing chairman, Tan Sri Abdul Wahid Omar, for his invaluable contributions over the past five years.
Business Times
28-04-2025
- Business
- Business Times
Bursa Malaysia's Q1 net profit falls 8.8% on lower trading revenue
[KUALA LUMPUR] Bursa Malaysia's net profit declined 8.8 per cent year on year to RM68.4 million (S$20.6 million) for the first quarter of 2025, the exchange operator said on Monday (Apr 28). Revenue fell 1.5 per cent to RM184.4 million from a year earlier, as lower trading revenue and higher expenses weighed on performance, Bursa Malaysia chief executive officer Fad'l Mohamed said in a statement. The average daily trading value on the securities market dropped nearly 12 per cent to RM2.8 billion, compared to RM3.2 billion in the first quarter of 2024. Fewer trading days – 58 versus 60 a year earlier – also contributed to the revenue decline, he said. Trading velocity slipped to 33 per cent from 39 per cent over the same period. 'The first quarter of 2025 proved to be a challenging period for global markets, weighed down by external factors affecting equity market performance,' Fad'l said. Bursa Malaysia chief executive officer Fad'l Mohamed notes that Malaysia's capital market remains resilient, supported by strong economic fundamentals and government policy direction. PHOTO: BURSA MALAYSIA Still, he stressed that Malaysia's capital market remains resilient, supported by strong economic fundamentals and government policy direction, including national roadmaps for key growth sectors. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Despite softer trading activity, Bursa Malaysia has recorded 16 initial public offerings (IPOs) so far this year, keeping it on track to meet its full-year target of 60 listings, Fad'l said. As at Mar 31, Bursa Malaysia's market capitalisation stood at RM1.9 trillion, down 1.9 per cent from a year earlier. Last year, Bursa hosted 55 listings that raised RM7.4 billion, making it the most active exchange by deal count in South-east Asia. This year, market sentiment has been hit by global uncertainties. Cuckoo International and SPB Development deferred their IPO plans, citing unstable conditions. Bloomberg also reported that advisers for South Korea's OCI Holdings have paused work on the IPO of its Malaysian polysilicon unit due to market volatility. On Monday, the benchmark FBM KLCI closed at 1,521.59 points, 0.8 per cent higher from the previous trading day, with 2.6 billion shares traded. Year-to-date, the index has fallen nearly 7 per cent from 1,632.87 points at the start of the year. Robust activities in derivatives market The derivatives market provided some support, with revenue up 13.7 per cent to RM28.9 million, driven by higher trading activity in crude palm oil futures and FTSE Bursa Malaysia KLCI Futures contracts. Revenue from the Islamic capital market rose 23 per cent year on year to RM5.5 million. Non-trading revenue, which includes listing and issuer services as well as depository services, grew 4.9 per cent to RM66.5 million. Bursa Malaysia's financial results note indicated that securities market activity remains sensitive to global and local factors – including US policy uncertainties, risks of escalating trade tensions, monetary policy shifts, geopolitical risks and corporate earnings performance. 'The derivatives market's activity was influenced by volatility in commodity prices, delays in Indonesia's biodiesel policy implementation, production levels in palm oil-producing nations, and movements in the broader equity markets,' said the exchange. For Islamic markets, Bursa Malaysia noted that it remains focused on improving investor accessibility through its Islamic investing platform, and aims to attract a broader range of investors amid growing demand for ethical and syariah-compliant investments.
