Sharp, essential news and analysis from Malaysia.
Malaysia is considering an electric vehicle levy to finance a nationwide charging network, though the government has not yet decided on implementation. MITI Minister Datuk Seri Johari Abdul Ghani emphasized balancing infrastructure needs with public interest and fiscal realities.
Malaysia has deliberately avoided imposing price controls on electric vehicle charging services, instead permitting operators to set rates based on commercial considerations. The strategy aims to stimulate private sector investment and accelerate network expansion nationwide.
Malaysia's largest electricity and water utilities have entered a strategic partnership to enhance infrastructure resilience. The collaboration includes direct power supply to Southeast Asia's largest water treatment plant and cutting-edge district cooling services.
Deputy Prime Minister Fadillah Yusof has instructed six newly appointed Malaysian ambassadors to pursue strategic cooperation opportunities in their host nations while promoting Malaysian products and attracting foreign investment.
Malaysia's renewable energy installed capacity has climbed to nearly 32 per cent as of June, Deputy Prime Minister Fadillah Yusof confirmed, solidifying the nation's trajectory toward its 35 per cent renewable energy target by 2030 and demonstrating progress under the National Energy Transition Roadmap.
The Malaysian government will investigate establishing a national petroleum reserve to bolster energy security amid global supply chain disruptions and geopolitical tensions, PM Anwar Ibrahim announced following a National Energy Council meeting.
The Ministry of Energy Transition and Water Transformation will formally review objections lodged by residents against TNB's Kuala Muda Solar Project in Kedah, conducting on-site technical assessments alongside the Energy Commission.
France has signalled its willingness to partner with Malaysia on civil nuclear energy development, contingent on Malaysia's government decision. The offer comes as both nations deepen economic and political engagement.
Hong Leong Investment Bank has flagged Malaysia's electricity infrastructure sector as offering attractive investment prospects, citing a prolonged period of substantial capital spending that should benefit publicly-listed grid operators across the region.
Malaysia will transform retiring coal-fired power stations into renewable energy hubs and battery storage facilities under a new National Coal Site Repurposing Framework, Deputy Prime Minister Fadillah Yusof announced.
Sustainable finance is rapidly becoming mainstream across Southeast Asia's banking sector, driven by surging demand for electric vehicles and green infrastructure. Maybank has committed RM300 billion to sustainable finance initiatives across ASEAN through 2030.