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News

AVM Cloud Named as VMware by Broadcom’s Premier VCSP Partner

KUALA LUMPUR: AVM Cloud (“AVM”), an affiliate of Integrated Global Solutions (IGS) and a subsidiary of the prominent Internet service provider TIME dotCom Bhd (“Time”), proudly announces its latest milestone: becoming a Premier Partner with VMware Cloud Service Provider (VCSP). This prestigious recognition underscores AVM’s unwavering commitment to delivering exceptional cloud services and ensuring top-tier customer satisfaction, aligning with VMware by Broadcom’s rigorous selection process for esteemed partners. This achievement further solidifies AVM’s leadership in the Malaysian market, highlighting its advanced VMware capabilities as VMware by Broadcom’s sole partner with six Master Services Competencies. These designations reflect AVM’s excellence in customer support and high-level service capabilities, marking a significant milestone in its journey as Malaysia’s leading cloud service provider. Following the acquisition in November 2023, the VMware by Broadcom VCSP programme aims to identify and support top cloud service providers offering best-in-class solutions built on VMware technology. To be part of the VCSP programme, partners must meet stringent criteria, demonstrating their expertise and an excellent track record in delivering superior cloud services. Amidst recent industry changes, AVM assures customers and stakeholders of its dedication to providing exceptional service and high-quality cloud solutions. Operations will continue without interruption, reflecting AVM’s relentless pursuit of excellence and uncompromised standards. This recognition enhances AVM’s capability to deliver top-of-the-line cloud solutions built on VMware, ensuring a seamless and secure experience for businesses. “We are excited about the opportunities presented by the revitalised programme and the benefits it brings to our customers,” said Kenny Lim, Chief Executive Officer of AVM Cloud Sdn. Bhd. “AVM Cloud’s success stems from our exceptional standards, and recognition by VMware by Broadcom empowers us to continue delivering unparalleled services to our customers.” Broadcom’s post-acquisition strategy focuses on close collaboration with partners to advance the adoption of VMware Cloud Foundation as the premier private cloud platform, driving business transformation and enhancing customer value. Key highlights of the VCSP programme include a consistent VMware Cloud Foundation (VCF) experience across all partners and collaborative go-to-market strategies between Broadcom and VCSP partners. In line with its revamped strategy, Broadcom introduced new tiers and benefits aimed at fostering partner growth and success. The Advantage Partner Program offers partners like AVM new revenue opportunities by enabling businesses to leverage VCF in their solutions, maximising the value of Broadcom technologies. “We remain unwavering in our commitment to innovation in our products and services,” added Kenny Lim. “With Broadcom’s support, we are confident in our ability to deliver the best possible cloud solutions for our customers. We will introduce new enhancements and solutions seamlessly to further elevate their experience.” Since 2018, AVM has continuously led the industry with multiple accolades from VMware, including the prestigious title of Malaysia’s Cloud Services Provider of the Year for 2023.

News

Kuala Lumpur Convention Centre is Malaysia’s First Certified Healthy Venue!

KUALA LUMPUR: The Kuala Lumpur Convention Centre (the Centre) is the first Malaysian venue to receive a ‘Healthy Venue’ certification from the Healthy Venues organisation. The Centre has achieved the Healthy Venue’s Bronze Level accreditation. The recognition, granted only to venues that integrate wellness into events by prioritising healthier eating, movement, and workplace health, reinforces the Centre’s ongoing efforts to improve the overall delegate experience and increase meeting productivity by providing a conducive event environment that promotes health and well-being. Commenting on this achievement, John Burke, the Centre’s General Manager, stated that, “Reflecting our commitment to present the right environment for learning, business or leisure, this new milestone further strengthens our position as a world-class venue and industry leader on par with global standards. Research has shown that healthy meeting environments can improve delegate productivity and leave them with positive experiences and memories of the events they attend. This accreditation will not only enhance the confidence of event organisers in our venue but will also help them attract more delegates to their events here.” To achieve this certification, the Centre had to comply with a variety of stringent requirements set by the Healthy Venues organisation. These requirements included demonstrating catering practices that support national dietary guidelines, ensuring that at least 25% of menu items on offer are healthy options, providing a choice of low or no-sugar drinks where drinks are served, providing free drinking water on site, promoting active meetings to event planners and implementing a written policy to promote physical activity and healthy eating in the workplace. The Centre has also incorporated conversations around healthy meetings in its interactions with clients and organisers, at relevant stages, and provides the option to further customise menus to increase healthy items offered. Its flexible spaces can also be transformed to cater to recreational and relaxing activities within the event area, promoting physical and mental wellness amidst a hectic conference, exhibition or meeting programme. As part of its organisational commitment, the Centre’s team members are also encouraged to adopt an active lifestyle and to utilise active travel options when commuting to and from work. The venue also works closely with its hotel and leisure partners to conduct awareness and wellness exercises for the wider community around the Kuala Lumpur City Centre precinct. “Moving forward together can take us to greater heights thus, all our initiatives and programmes are aimed at benefiting not only our clients and guests but also our team members and the surrounding communities,” concluded Burke.

News

Burnout Epidemic: International SOS Data Highlights Urgent Need for Action

KUALA LUMPUR: In a relentless cycle of crises, International SOS, the leading global health and security services company, sheds light on critical insights from its Risk Outlook 2024 report. Employee burnout due to crisis fatigue has emerged as a significant concern. The report reveals a daunting challenge for organisations: nearly two-thirds of surveyed professionals expect greater complexity in ensuring their workforce’s health, wellbeing, and security this year, marking the highest proportion in the past five years. Building on these findings, International SOS emphasizes the urgent need for organisations to proactively address employee stress and burnout. The cumulative effect of ongoing crises, along with personal stressors like rising living costs, climate change concerns, and political polarisation, has severely impacted individual wellbeing. This confluence of crises has led to a state of permacrisis, where traditional cycles of crisis and recovery are replaced by continuous flux and uncertainty. Prolonged crisis exposure has increased employee burnout, marked by emotional exhaustion and reduced productivity. With future pandemics and unforeseen events on the horizon, employers must shift from reactive crisis management to proactive preparedness. This transition is essential to mitigate the adverse effects of permacrisis and burnout within the workforce. Dr. Kate O’Reilly, Regional Medical Director at International SOS, underscores the gravity of the situation: “The current landscape shows a worrying trend of burnout permeating workplaces globally. We see a convergence of factors, including increased workloads, lack of work-life balance, and constant change and unpredictability. These challenges push employees into uncharted territory, blurring the lines between professional and personal wellbeing. Burnout prevalence demands immediate attention from organisations. Employers must recognise its significance and implement preventive measures. This requires understanding the root causes of burnout and focusing on job design to foster a work environment that prioritises holistic wellbeing and sustainable performance.” International SOS offers expert advice to combat workforce burnout: Recognise the signs: Conduct regular check-ins to assess employee wellbeing and identify early burnout signs. Train managers to spot these signs and provide resources to support their teams effectively. Promote open dialogue about mental health and reduce stigma around seeking help for stress-related issues. Proactive measures: Provide access to mental health support programmes, including counselling and employee assistance programmes. Organise stress management workshops to equip employees with coping strategies and resilience-building techniques. Enhance resilience: Promote a culture of resilience by encouraging work-life balance. Provide resources for employees to seek support when needed. Establish clear protocols for managing stress-related absences and create a supportive environment where employees feel comfortable discussing their challenges. Strategic planning: Develop comprehensive crisis management plans addressing burnout and stress-related challenges. Include protocols for managing workload distribution during high-stress periods and establish mechanisms for monitoring and addressing employee wellbeing. Collaborative efforts: Partner with external experts and organisations to leverage their expertise in addressing burnout and supporting employee wellbeing. Share best practices and insights to collectively strengthen resilience and support systems. By adopting these strategies, organisations can better navigate the complexities of the modern workplace, ensuring their employees remain healthy, resilient, and productive.

Investment & Market Trends, News, Property

Sunway REIT Posts Lower Net Profit in 1Q24, Expert Expresses Cautious Optimism

KUALA LUMPUR: Sunway Real Estate Investment Trust (REIT) reported a decline in net profit to RM86.98 million in the first quarter ended 31 March 2024 (1Q24) compared to RM96. 46 million last year. Revenue also decreased by 2% to RM178.59 million from RM182.80 million previously. In a separate statement, Sunway REIT attributed the revenue contraction primarily to a lower contribution from the services segment following the cessation of rental income from Sunway Medical Centre (Tower A and B), which was disposed of in 3Q23. However, this decline was offset by improved performance in the hotel, office, industrial and other segments. SunReit Management Sdn Bhd Chief Executive Officer Clement Chen said the acquisition of 6 hypermarkets, 5 within Klang Valley and one in Johor, for RM520 million which was completed on 30 April 2024. “Based on the initial yield of approximately 8% from the purchase consideration, the rental income will more than compensate for the void in earnings resulting from the disposal of Sunway Medical Centre (Tower A and B), thereby boosting property income (NPI) for the remaining year,” he said. With this acquisition, Sunway REIT expanded its asset portfolio to 25 properties, including an inaugural property in Johor and now manages assets worth RM9.5 billion. “This solidifies our position as the 2nd largest REIT in Malaysia, measured by assets under management,” he added. Looking ahead, Chen expressed cautious optimism for 2024, citing the resilient performance of the retail segment and the steady recovery of tourist arrivals. “Furthermore, we anticipate unlocking additional NPI potential upon the completion of our proposed acquisitions and ongoing asset enhancement initiatives in Sunway Pyramid Mall, scheduled for completion in the 2nd half of 2024,” he commented. — BERNAMA

News

Thorough Review of Financial Intermediary Industry Underway, Says BNM

KUALA LUMPUR: A more comprehensive review of the financial intermediary industry is being undertaken, said Bank Negara Malaysia (BNM) Assistant Governor Dr Norhana Endut. She said BNM and the Securities Commission Malaysia (SC) are looking into opportunities to streamline regulations for financial planners and advisers. “Such collaborative efforts have been highlighted in the central bank’s Financial Sector Blueprint and the SC Capital Market Masterplan 3,” Norhana said at the Malaysian Financial Planning Council (MFPC) 20th Anniversary luncheon. She said that enhancing the financial education level of industries and households remains the key strategy to encourage responsible and effective usage of financial services. “Together with other partners on the financial education network, we acknowledge MFPC’s contribution towards enhancing public knowledge and awareness via the ‘My Money and Me’ financial literacy programme. “The robustness of MFPC’s financial education programmes is affirmed by the stream of awards and accolades that it has received throughout the years,” Norhana said, addind that by the end of 2023, there were over 1,400 financial planners and 1,500 financial advisers in Malaysia. “To a large extent, the growing number of qualified financial planners and advisers have contributed towards the growth of new business of the life insurance and family takaful sector, which grew by a compound annual growth rate (CAGR) of 8.6% for the period of 2018 to 2023,” Norhana said. Meanwhile, MFPC President Ng Yen Heng said the council’s commitment to excellence remained steadfast following the launch of the Modular Certification Title and the Shariah Capstone Programme which underscored MFPC’s dedication to providing flexible, specialised learning pathways for financial professionals. “The landscape of financial planning is constantly evolving, presenting us with new opportunities and challenges. To navigate these, we have developed a comprehensive 3-year strategic plan with targets to propel MFPC to greater heights, namely the presence of professionals, influence and branding, as well as community,” he said. Ng said MFPC is also embarking on a blended-learning strategy augmented with enriched self-paced e-learning modules, providing its members with the flexibility to learn at their own pace. — BERNAMA

News

AirAsia named official airline partner for Malaysia-China Summit 2024, provides exclusive offers to China and Asean participants

KUALA LUMPUR: AirAsia has been announced as the Official Airline Partner for the Malaysia-China Summit 2024 (MCS 2024), enhancing accessibility and connectivity for delegates and participants from China and ASEAN countries. The announcement was made at the MCS 2024 Networking Engagement Series in Kuala Lumpur, underscoring the summit’s significance as a key event marking the 50th anniversary of Malaysia-China diplomatic relations. As the largest foreign low-cost carrier between Malaysia and China, AirAsia will offer exclusive travel deals to summit participants. These promotions are valid for travel dates from 9 – 20 December 2024, with bookings available on the MCS 2024 website at www.malaysia-chinasummit.com.my. The promotional routes include AirAsia flights to major Asian cities such as Hong Kong, Hangzhou, Shenzhen, Guangzhou, Shanghai, Chengdu, Jakarta, Ho Chi Minh City, Singapore, Bangkok, Phnom Penh, Siem Reap, Sihanoukville, Vientiane, and Manila. Delegates arriving in Kuala Lumpur can also utilize AirAsia Ride for local transportation, complemented by offerings such as AirAsia’s Santan meals and exclusive merchandise at the summit, ensuring a comprehensive Malaysian hospitality experience. MCS 2024 is organized by Qube Integrated (M) Sdn Bhd in collaboration with the Malaysia External Trade Development Corporation (MATRADE) and is endorsed by the Ministry of Investment, Trade and Industry. The summit, scheduled for 17 – 19 December 2024 at the Malaysia International Trade and Exhibition Centre, is expected to attract 500 exhibitors and 10,000 delegates from Malaysia, China, and ASEAN. It will feature a three-day international trade and investment expo and a two-day Leadership Conference. YBhg. Dato’ Shaharuddin bin Abu Sohot, Deputy Secretary-General (Management) of the Ministry of Tourism, Arts and Culture, emphasized the importance of partnerships in promoting regional connectivity and cultural exchange. He also highlighted the significance of post-COVID recovery and promotional campaigns to position Malaysia as a premier tourism and MICE destination in Asia. “Business travellers contribute significantly more than typical tourists due to their longer stays and higher spending on transportation, accommodation, and dining. We are enhancing our facilities to attract more business travellers, especially during key events like international conferences, expositions, and corporate gatherings. MCS 2024 is a crucial platform to showcase Malaysia as a tourism and MICE destination. Through Tourism Malaysia, we are proud to be a strategic partner for the summit, curating the country’s rich cultural heritage and diverse tourist attractions,” Shaharuddin added. Richard Teo, Executive Chairman of Qube Integrated and summit organizing chair, expressed his enthusiasm about the partnership with AirAsia: “AirAsia’s extensive network and innovative services make it an ideal partner for the summit, ensuring affordable and quality travel for delegates worldwide. This partnership will help publicize Malaysia as a key destination for business and leisure while showcasing AirAsia’s capability in business and trade travel.” AirAsia Group Chief Commercial Officer Paul Caroll said: “As the largest foreign low-cost airline in China, we are honored to be the official airline partner for the Malaysia-China Summit 2024. This strategic partnership aligns with AirAsia’s ongoing expansion across the region. We operate direct flights to 16 destinations from Malaysia to China, including exclusive routes. Celebrating the 50th anniversary of Malaysia-China bilateral relations, we are committed to strengthening ties through tourism and contributing to the arrival of five million Chinese tourists, as set by Tourism Malaysia this year. With the visa-free entry announced by both nations, we remain dedicated to our role as a key aviation player and market leader in Asia. AirAsia has expanded beyond leisure travel, now catering to businesses and trade through our AirAsia Corporate Travel Programme, introduced earlier this year, offering exclusive benefits for business travellers.” In addition to Tourism Malaysia, the China Enterprises Chamber of Commerce in Malaysia (CECCM) was announced as a strategic partner for the summit to drive participation and business opportunities. Other strategic partners include the Malaysia-China Business Council, Malaysia-China Chamber of Commerce, The National Chamber of Commerce and Industry of Malaysia, the Malaysian Chamber of Commerce and Industry in China, and the Malaysia Convention & Exhibition Bureau.

ESG

Pioneering Sustainable Global Business Practices While Redefining Business Ethics: ReSkills Launches myESG100

KUALA LUMPUR: ReSkills, Malaysia’s leading subscription-based global online learning platform, is embarking on a transformative journey in sustainable leadership with the launch of myESG100. Responding to the increasing demand for enhanced sustainability practices both locally and globally, this initiative is dedicated to promoting environmental, social, and governance (ESG) values. With the motto “Making Sustainability Everyone’s Priority,” myESG100 aims to revolutionize responsible business practices through monthly discussions centered on sustainability. The launch event, held at the ReSkills Hub on 14 May 2024, began with an opening address by Mr. Ken Lim, Founder of myESG100, followed by a speech from Mr. Edison Choong, Head of MATRADE’s ESG Unit. Notable attendees included Dato’ Ong Bee Leng, Dato’ Seri Dr. Raymond Liew, Miss Zoel Ng, Mr. Nelson Liew, Mr. Adrian Banie Lasimbang, Dr. Sham Razak, Tan Sri Datuk Danny Ooi, and Mr. Mohammad Fazril Mohd Saleh. The event also featured the signing of a Memorandum of Understanding (MOU) between myESG100 and key ESG-focused organizations such as ESG Malaysia, the National ESG Research Institute, BNC Malaysia, and the Yeoh Foundation. By bringing these entities together, myESG100 aims to raise awareness about the importance of ESG in achieving sustainable solutions. The initiative seeks to connect like-minded individuals, industry leaders, and sustainability experts through engaging discussions, workshops, and networking sessions designed to explore innovative solutions to sustainability challenges. At the core of myESG100 is a bold vision to empower communities through Sustainability, Mobility, Accessibility, Renewability, and Technology (S.M.A.R.T). This vision is brought to life through five transformative pillars: 1. Product: Developing transformative learning experiences that empower innovation and shape the future, focusing on clean energy solutions, connectivity, and democratizing access to essential information. 2. Community: Cultivating ESG awareness across various community levels and engaging individuals, public and private entities, and corporations in the pursuit of sustainability. 3. Partners: Collaborating with like-minded partners to amplify the impact of ESG-centric programs and initiatives, fostering a culture of sustainability and responsibility. 4. Ambassadors: Enlisting influential leaders from various sectors to champion the integration of ESG principles into everyday life. 5. Events: Organizing dynamic events that raise awareness and inspire action, aiming to incorporate ESG principles into business practices and societal norms. myESG100 is committed to fostering the adoption of ESG-based products and sparking conversations that elevate ESG awareness across all levels of society. By collaborating with partners and influential figures, myESG100 paves the way for a future where ESG principles are seamlessly integrated into daily life. Ken Lim, Founder of myESG100, emphasized, “All these pillars must work together in tandem if we want to reach our goals of becoming a smart nation. Our efforts include the holistic empowerment of all communities by offering quality education and connectivity to elevate various aspects of their lives, regardless of geographical limitations. By focusing on all five pillars, we can bring forth sustainable efforts for all Malaysians, one step at a time.” An example of this commitment is the ReSkills S.M.A.R.T Hub. Launched on 12 December 2023, this prototype represents a green-fueled learning and innovation center. Powered by solar energy, the S.M.A.R.T Hub offers a sustainable solution that empowers rural communities while protecting the environment, making high-quality education accessible to everyone, regardless of their geographical or socioeconomic status. The significance of the MOU lies not just in its signing but in the promise it holds for collaboration, innovation, and progress towards a sustainable future. Through strategic partnerships and concerted efforts, myESG100 and ReSkills aim to pave the way for future generations, ensuring access to high-quality educational opportunities that champion sustainability principles and drive positive global change. For more information about myESG100, please visit [myesg100.org](https://myesg100.org/).

Upcoming Events

ICBS 2024: Your Gateway to the World of Café Innovation in Kuala Lumpur!

KUALA LUMPUR: The International Café & Beverage Show (ICBS) 2024, the leading showcase of artisan food, beverage, and café products, will be returning to the Kuala Lumpur Convention Centre from 23 to 25 May 2024. Visitors get to experience and explore the latest offerings from the café and coffee industry, the return of the Roasters Village, masterclasses, barista skills training and a baking competition held for the first time. Christopher McCuin, Managing Director of Montgomery Asia, the show organiser, said, “We are excited to see the responses from our partners, sponsors, and exhibitors. Following the feedback from last year’s show, we have expanded our space by 60% to include more exhibitors, participants, and visitors. All Exhibition space was taken up by March this year!” ICBS 2024 brings together 450 brands from over 40 countries, with 1,500 café owners, and over 1,000 baristas expected to attend . It is a platform that connects players in Malaysia and neighbouring markets with suppliers and talent from inside and outside the region. “2024 marks a pivotal milestone as we receive the endorsement by Malaysia External Trade Development Corporation (MATRADE). This endorsement allows eligible companies registered with MATRADE to apply for its Market Development Grant (MDG) as an ICBS exhibitor,” added McCuin. Returning to ICBS 2024 is its ever-popular, cost-effective Roasters Village, which allows small coffee roasters to showcase their unique coffee flavours to the ICBS audience. This year the pavilion will host roasters from Malaysia, Japan, Singapore and Vietnam. Across the show floor ICBS will also play host to companies from China, Italy, Hong Kong, Indonesia, Thailand with official pavilions joining also from Singapore and Taiwan ICBS 2024 is expected to draw over 12,000 visitors from Malaysia and abroad over three days. 23-24 May is exclusive for trade visitors, and the public and trade may visit the exhibition during its final day on 25 May. The exhibition focuses on speciality coffee, drinks, F&B products, café lifestyle, café furniture, design, and technology. It will also host the annual semi-finals and finals of the Malaysia National Coffee Championship (MNCC), organised by the Malaysia Specialty Coffee Association (MSCA). Visitors to the show will be able to see aspiring Malaysian baristas compete in the Malaysia Barista Championship, Malaysia Brewers Cup and Latte Art Championship. The winning Baristas will compete at the 2024 World of Coffee Championships. The Malaysian Latte Art champion crowned at ICBS in 2023 achieved an awe-inspiring 4th place showing at the recent World Coffee Championship in Taipei – reflecting Malaysia’s growing status and skill in global café and coffee culture. ICBS will host the BakinLove Next Top Baker competition finals for the first time on 25 May. Following a rigorous process, the top 6 finalists were selected among eligible competitors. This competition provides a platform for bakers to showcase their skills, talent, and creative flair, with special thanks to Unox for sponsoring the ovens needed. Several exciting training courses organised by the Barista Guild Asia (BGA) await professional baristas. These include classes on brewing methods, brewing science, cupping protocol, and the barista career progression. Other key supporting partners for ICBS 2024 include the ASEAN Coffee Federation, Barista Guild Asia, Association of Indonesian Coffee Exporters and Industries, Barista Association of Thailand, Hotel & Restaurant Association of the Philippines, Philippine Coffee Board, Lao Coffee Association, Myanmar Coffee Association, Singapore Coffee Association, Specialty Coffee Association of Indonesia, Thai Coffee Association and Vietnam Coffee Cocoa Association. McCuin concluded, “I would like to thank the Malaysian Ministry of Tourism, Arts and Culture (MOTAC), Malaysia Convention & Exhibition Bureau (MyCEB), and Malaysia External Trade Development Corporation (MATRADE) for their support for ICBS 2024. Their support was vital to this event’s organisation, and we look forward to welcoming them, the Malaysian café and coffee industry and coffee enthusiasts to the show.” The show is being held in Halls 1 & 2 at the Kuala Lumpur Convention Centre, with trade and industry visitors the focus of the first two days (23rd and 24th May – 10.00am to 6.00pm). The third and final day (Saturday, 25th May – 10.00am to 5.00pm) will be open to both industry visitors and the public, who can enjoy some fantastic coffee aromas and products and enjoy the finals of the BakinLove Next Top Baker and the Malaysian National Coffee Championships. Anyone interested in visiting or exhibiting at ICBS 2024 should visit www.intl-cbs.com to find all the latest news and updates.

News

KPJ Healthcare and Marriott International Unite for Superior Patient Care

JAKARTA:KPJ Healthcare Bhd and Marriott international have forged a partnership to elevate the standard of care offered to patients and guests alike through a memorandum of understanding (MoU) signed here today. in a joint statement, both parties affirmed their commitment to seamlessly integrate KPJ Healthcare’s medical services with the comfort provided by hospitality company Marriott, drawing on the expertise, standards and best practices from the hospitality sector into healthcare services. The partnership also entails Marriott’s associates with the capabilities to manage medical emergencies onsite, particularly concerning guests to ensure they receive care throughout their stay of Marriott’s hotels and resorts in Malaysia and Indonesia. The MoU signing ceremony was attended by KPJ Healthcare president and managing director Chin Keat Chyuan, and Marriott International area vice-president Indonesia and Malaysia Ramesh Jackson. Following the MoU signing, KPJ Healthcare will also launch its maiden KPJ Healthcare Expo 2024, from May 16 to 19, here, with Marriott as a hospitality partner. — BERNAMA

Energy & Technology, News

Sarawak Energy to Expand Business Beyond Borneo

BANGKOK: Sarawak-owned electric utility company, Sarawak Energy Bhd (SEB) aims to generate 10,000 megawatts (MW) of energy by the end of 2030 and expand business beyond Borneo. Group Chief Operating Officer (COO) James Ung Sing Kwong said the state has the resources to reach the target either through hydropower, biomass, gas combined cycle power or solar plants. “After we can start planning export energy to Brunei and Sabah as well as to channel 1 gigawatt (GW) to Singapore by 2032 through a 700km submarine cable, in addition to channeling the existing 190MW to west Kalimantan,” he said. Ung revealed that SEB currently has an installed capacity of 5,625MW and is confident of achieving its target 2030. He was speaking at the Future Mobility Asia and Future LNG Asia exhibition held at Queen Sirikit National Convention Centre. Ung said SEB’s latest project is the construction of the Baleh Dam hydropower project which started in September 2018 at a cost of around RM10 billion. “Currently, the project has reached 40% and is expected to be completed by the end of 2029. It is capable of producing around 1,285MW,” he said. He explained the plan to supply energy to Singapore is underway and the response is very positive. “Both governments have agreed but now it is pending approval from the Indonesian government because the undersea cable will pass through the Indonesian sea,” he said. Meanwhile, Ung said SEB’s participation in Future Energy Asia is to promote the SEB brand as well as learn and exchange expertise on new technology with other Asian countries, especially on renewable energy. “We want to learn from our neighbouring countries, for us to know their needs and expectations,” he added. SEB is currently providing electricity to about 3 million Sarawakians in urban rural areas. — BERNAMA

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