The report, produced by Bain & Company, Standard Chartered, GenZero, and Temasek, answers key questions about Southeast Asia's green transition and trajectory. 

Year-on-Year Surge: Green investments have skyrocketed by 326% to reach US$1.03 billion in 2023.

Regional Impact: Malaysia's investments accounted for 16% of total green investments in Southeast Asia.

Focus Areas: While power, particularly renewables, remained a primary focus, there was a noticeable increase in investments in green data centres.

Driving Factors: Energy efficiency regulations in Malaysia and Singapore propelled investments in green data centres.

GDS Holdings Bhd: Investing US$280 million in a data centre at Nusajaya Tech Park.

YTL Power International Bhd: Constructing a US$250 million data centre in Kulai.

National Energy Transition Roadmap Phase Two: Malaysia plans to invest US$1.47 billion to enhance energy efficiency in government buildings.

Catalytic Fund: Malaysia allocated US$430 million for blended finance, focusing on industrial clusters in Sarawak and Johor.

Lifting Bans: Malaysia lifted bans on renewable energy exports, signalling a commitment to fostering a green economy.

Regional Cooperation: Sarawak and Johor should implement policies to attract private investments and promote eco-industrial park formation.

The Southeast Asia's Green Economy 2024 Report underscores Malaysia's progress towards sustainability while highlighting areas for continued growth. Collaboration, investment, and policy development are key to realising Malaysia's green economy vision.

This pivotal step towards advocating for a green economy is a significant priority for the BMCC's Sustainability Network. If you are interested in joining the green economy conversation, please reach out to Hau Wei at Yoong@bmcc.org.my

We were inspired by Datuk Ir. Megat's vision for energy transition within TNB, which aligned with our shared commitment to sustainability. Looking ahead, BMCC eagerly anticipates deepening our collaboration with TNB, focusing on talent development, sustainability initiatives, and fostering corporate partnerships.

From Tenaga Nasional Berhad's team, we're grateful for the presences and contributions of Ir. Ts. Nor Ziha Zainol Abidin, Head of Corporate Ventures; Yasmin Mohd Ramzi FCMA, CGMA, Head of People Strategy; Dr. Noor Miza Razali, Programme Director for Energy Transition; and Ir. Ts. Fizal Azuan Mhd Sidin, Senior Relations Officer. 

We also thank members of our Energy Committee who attended: Leon Rosario from Ricardo plc; Ir. Azril Hanif Z. from Arup; Sarazif Ramli from bp; Muhammad Royani Mohd Adnan from Mott MacDonald; Jeevinder Singh from OPITO; Gary Dass from Tex Cycle Technology M Bhd, and Asyraf Shahar, Public Affairs and Government Relations Officer for the BMCC, and representative for the Energy Committee. 

The Business Excellence Awards honours British and Malaysian brands and personalities across different industries who have made innovative and diligent efforts to develop the business and trade landscape. 

Date: 21 May 2024

Venue: Sunway Resort Hotel

For information about sponsorship opportunities and nominations, contact Events@bmcc.org.my. 

The consultation is open for responses until 13 June 2024.

 

The UK Government invites views from interested parties involved in the following sectors, and will consider the responses to this consultation in the final design and implementation of the UK CBAM:-

 

Interested parties may submit their responses through the response form or by email to cbampolicyteam@hmrc.gov.uk. 

Organised by the Malaysian-German Chamber of Commerce and Industry (MGCC), the 4th German-Malaysian Business Forum will take place on Wednesday, 7 May 2024 from 10.00 am to 4.00 pm at Parkroyal Collection, Kuala Lumpur.

 

This forum promises insightful discussions, a thought-provoking panel, interactive breakout sessions and unparalleled networking opportunities. We also have the honour of welcoming YB Tuan Chang Lih Kang, the Minister of Science, Technology and Innovation as the keynote speaker.

 

Join us as we delve into the latest breakthroughs, trends, and advancements in automation and smart manufacturing. Whether you are a seasoned expert or just dipping your toes into the tech waters, there is something here for everyone.

 

For more information and a detailed programme overview, please visit the event website here. 

Sustainability, food safety and food defence are critical aspects of building a resilient food supply chain that plays a vital role in ensuring the health and well-being of consumers, protecting the environment, and promoting long-term economic viability. You would have learnt about the hijacking of USD 339,000 worth of rare chocolates in the US recently, showing how vulnerable our supply chain could be. 

Watch the webinar on-demand here!

On behalf of BSI Malaysia, we would also like to share some exciting updates and research that they have done. 

They've soared to new heights by partnering with eight exceptional IMPACT Partners (NGOs and Social Enterprises), and have currently raised over RM95,000. They intend to achieve the target by the end of April 2024. Join in this global mission here.

Your support, whether through donations or sharing their vision, contributes significantly to this collective mission. Let’s rally to champion these causes as a testament to our shared humanity and commitment to sustainable development.

 

In JLL’s latest report, “Asia's Decade of Action: Accelerating the Transition to Sustainable Workplaces”, we are exploring key sustainability trends that will shape the strategies of real estate leaders as they work towards delivering on ambitious Net Zero Carbon (NZC) goals of their organisations. Access the full report here.

 

For more information, please reach out to:

Head of Research & Consultancy, JLL (Malaysia)