Latest news with #SarahAlBakriDevadason
Daily Express
5 days ago
- Business
- Daily Express
Asean International Business Review Awards 2025 recognises Sabah Ports excellence
Published on: Thursday, July 24, 2025 Published on: Thu, Jul 24, 2025 Text Size: The prestigious recognition was presented by Asean Permanent Representative of Malaysia H.E. Sarah Al Bakri Devadason and received by Suria Capital Holdings Berhad Group Managing Director cum SPSB Managing Director Datuk Ng Kiat Min during the awards ceremony. Kota Kinabalu: Sabah Ports Sdn Bhd (SPSB), a wholly owned subsidiary of Suria Capital Holdings Berhad, added to its growing list of accolades after being awarded the Corporate Excellence Award in the Logistics Sector for Port Management at the recent Asean International Business Review (IBR) Awards 2025. The prestigious recognition was presented by Asean Permanent Representative of Malaysia H.E. Sarah Al Bakri Devadason and received by Suria Capital Holdings Berhad Group Managing Director cum SPSB Managing Director Datuk Ng Kiat Min during the awards ceremony. The notable achievement reflects SPSB's commitment to operational excellence, innovation and its instrumental role in strengthening regional logistics connectivity. The award further validates SPSB's contribution to advancing Sabah's maritime infrastructure and enhancing its competitiveness on the international stage. 'We are honoured by this recognition at the Asean level. It affirms our strategic efforts in enhancing port operations and strengthening Sabah's role within the regional logistics network,' said Ng. 'This award is a tribute to the dedication of our team and our collective mission to drive economic development and improve connectivity across the region,' she said. She spoke about the company's strategic direction, pointing out the importance of international partnerships in elevating port performance. 'Our strategic collaboration with DP World marks a significant step forward in elevating port performance and operational efficiency. 'This partnership will enable Sabah to gain greater access to international shipping routes, enhancing our global trade presence and supply chain relevance,' she added. The Asean IBR Awards celebrate corporate excellence across Southeast Asia, recognising organisations that demonstrate exceptional resilience, leadership and regional impact within their respective industries. SPSB distinguished itself among a highly competitive field of nominees from the logistics and transportation sector throughout the region. As Sabah's primary port operator, SPSB continues to serve as a critical facilitator of trade and economic growth while maintaining its commitment to sustainability and innovation. The company's strategic vision focuses on positioning Sabah as a competitive, connected and future-ready logistics hub in the region. This latest accolade reinforces SPSB's position as a leading player in Malaysia's maritime sector and demonstrates the company's ongoing efforts to enhance Sabah's role in regional and international trade networks. The recognition comes at a time when SPSB is actively pursuing initiatives to modernise port infrastructure and expand its operational capabilities to meet growing demand in the Asia-Pacific region. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Sun
09-05-2025
- Business
- The Sun
Malaysia pushes for collective ASEAN effort on green energy financing
JAKARTA: Malaysia has called on ASEAN member states to take bold, collective action to close the financing gap in the region's clean energy transition, emphasising the need for trillions of dollars to avoid jeopardising climate and development goals. Speaking at a regional energy forum here on Friday, Malaysia's Permanent Representative to ASEAN, Datin Sarah Al Bakri Devadason, stressed the urgency of moving away from fossil fuels while ensuring environmental and social inclusivity. 'Access to clean, affordable, and reliable energy is not merely about powering homes or industries. It is about protecting the environment and the rights of future generations,' she said. Citing the ASEAN Centre for Energy (ACE), she said regional energy demand could rise by over 60 per cent by 2040, and warned that relying on conventional sources risks derailing climate goals. According to Sarah, ASEAN has committed to increasing the share of renewable energy to 23 per cent of total primary energy supply by 2025. However, a study by the International Renewable Energy Agency (IRENA) estimated that ASEAN will need around US$29.4 trillion by 2050 to fully transition to renewables and most of which remains unfunded, she noted. She also highlighted the ASEAN Taxonomy for Sustainable Finance (ATSF), updated in March 2024, as a key tool for attracting sustainable investment. The taxonomy is the first in the world to classify energy transition funding through both green and amber categories. Sarah reaffirmed Malaysia's commitment, as ASEAN Chair, to advance cross-sector collaboration and innovative financing to drive inclusive and sustainable energy transformation. 'Together, we can build an ASEAN that is not only economically resilient, but also environmentally responsible and socially inclusive,' she concluded. The event, co-organised with ACE, was attended by representatives from ASEAN member states, the diplomatic corps, financial institutions, civil society, and industry experts.
The Star
09-05-2025
- Business
- The Star
Malaysia pushes for collective Asean effort on green energy financing at Indonesian forum
JAKARTA (Bernama): Malaysia has called on Asean member states to take bold, collective action to close the financing gap in the region's clean energy transition, emphasising the need for trillions of dollars to avoid jeopardising climate and development goals. Speaking at a regional energy forum here on Friday, Malaysia's Permanent Representative to Asean, Datin Sarah Al Bakri Devadason, stressed the urgency of moving away from fossil fuels while ensuring environmental and social inclusivity. "Access to clean, affordable, and reliable energy is not merely about powering homes or industries. It is about protecting the environment and the rights of future generations,' she said. Citing the Asean Centre for Energy (ACE), she said regional energy demand could rise by over 60 per cent by 2040, and warned that relying on conventional sources risks derailing climate goals. According to Sarah, Asean has committed to increasing the share of renewable energy to 23 per cent of total primary energy supply by 2025. However, a study by the International Renewable Energy Agency (IRENA) estimated that Asean will need around US$29.4 trillion by 2050 to fully transition to renewables and most of which remains unfunded, she noted. She also highlighted the AseanTaxonomy for Sustainable Finance (ATSF), updated in March 2024, as a key tool for attracting sustainable investment. The taxonomy is the first in the world to classify energy transition funding through both green and amber categories. Sarah reaffirmed Malaysia's commitment, as Asean Chair, to advance cross-sector collaboration and innovative financing to drive inclusive and sustainable energy transformation. "Together, we can build an Asean that is not only economically resilient, but also environmentally responsible and socially inclusive,' she concluded. The event, co-organised with ACE, was attended by representatives from Asean member states, the diplomatic corps, financial institutions, civil society, and industry experts. - Bernama
