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Energy & Technology, News

CelcomDigi Partners with Bridge Alliance to Strengthen Digital Financial Security

KUALA LUMPUR : CelcomDigi Berhad has formalised a strategic partnership with Bridge Alliance aimed at reinforcing digital financial security and accelerating the adoption of API-as-a-Service solutions. This collaboration supports national efforts to strengthen Malaysia’s digital economy and foster innovation across industries. The partnership was cemented through the signing of a memorandum of understanding (MoU), marking CelcomDigi’s formal entry into the Bridge Alliance API Exchange (BAEx) partner programme. Through this initiative, CelcomDigi will expand access to its suite of Application Programming Interfaces (APIs) via the BAEx open platform, enabling global developers and enterprises to more easily build secure digital services without the need for complex telecommunications infrastructure. APIs, or Application Programming Interfaces, serve as a set of protocols that allow software systems to communicate and function together seamlessly. CelcomDigi Chief Executive Officer Datuk Idham Nawawi said the initiative to provide open access to secure, interoperable telecom APIs is a key enabler of Malaysia’s digital financial ecosystem. “This move empowers the sector to deliver a smoother, smarter and more reliable user experience,” he said. Bridge Alliance CEO Ong Geok Chwee added that the collaboration not only broadens market access but also creates new business opportunities via a harmonised API network. “This will drive digital transformation across sectors including banking, fintech, e-commerce and tourism, supported by our ecosystem of partners and developers,” Ong noted. Bridge Alliance comprises leading telecommunications operators across the Asia Pacific, Middle East, Africa and Europe, offering extensive regional and global connectivity. BAEx, an industry-driven platform, enables telcos to implement CAMARA-based APIs using a standardised framework aligned with GSMA’s Open Gateway specifications, further advancing interoperability and innovation across the digital services landscape. -Bernama

Energy & Technology

Nissan Launches Next-Generation Leaf to Regain EV Market Share

TOKYO : Nissan has launched the third-generation Leaf, a cornerstone in the company’s renewed push to reclaim its standing in the electric vehicle (EV) market. Once a pioneer in mass-market EVs, the Japanese manufacturer has in recent years lagged behind its rivals, and the new model represents a critical step in its broader recovery strategy. The updated Leaf, revealed on Tuesday, will enter the United States market this autumn, with other regions to follow. However, its path to commercial success is likely to be challenging. Units sold in the U.S. will be manufactured at Nissan’s Tochigi facility in Japan, rendering them subject to import tariffs. Compounding the difficulty, American consumer interest in pure EVs has softened, with a growing preference emerging for hybrid alternatives – a segment in which Nissan lacks a current offering in the U.S. Industry analysts have flagged the timing of the launch as problematic. “There is a high possibility that this is going on sale at the worst possible time, given the imposition of tariffs and the Trump administration’s rollback of EV subsidies,” said Koji Endo of SBI Securities. “If the new Leaf doesn’t sell, it will mean big trouble for Nissan.” The price for the new model has not yet been disclosed. However, significant changes have been introduced. The Leaf has transitioned from its original hatchback styling to a crossover design, boasting a battery capacity increase of up to 25 per cent over the prior version. Nissan estimates that the top variant, equipped with a 75 kWh battery, will offer a maximum range of up to 303 miles under U.S. test conditions. Despite the impact of tariffs, a company spokesperson stated the pricing will remain competitive in the American market. Symbolically, the Leaf continues to occupy a pivotal position in Nissan’s EV narrative. Once the world’s best-selling electric vehicle, it was overtaken by Tesla in more recent years. The model, introduced under former chairman Carlos Ghosn, embodied Nissan’s early ambition to lead in electric mobility. To date, nearly 700,000 Leaf units have been sold globally. Chief Executive Ivan Espinosa now faces a balancing act: executing substantial cost reductions while simultaneously investing in product development. These efforts are intended to update Nissan’s ageing model portfolio and address its lack of hybrid offerings in key markets. Espinosa has already announced sweeping restructuring measures, including the closure of seven manufacturing plants and the elimination of 11,000 jobs. These cuts are part of a broader initiative that will reduce the company’s global workforce by approximately 20,000 positions, including reductions introduced under his predecessor. Nissan recorded a net loss of approximately $4.5 billion in the previous fiscal year and is currently contending with debt obligations totalling 596 billion yen (roughly $4.1 billion), due in the next financial year. Production of the new Leaf will also take place at Nissan’s Sunderland plant in the United Kingdom. While both the Tochigi and Sunderland sites are expected to remain operational, there is speculation that the Oppama plant – the original production location for the Leaf – could face closure. -Reuters

Energy & Technology, News

PETRONAS Projects Global Energy Demand to Double by 2050

KUALA LUMPUR : Global energy demand is projected to nearly double by 2050, driven by population growth, industrialisation and digital expansion, according to PETRONAS President and Group Chief Executive Officer Tan Sri Tengku Muhammad Taufik Tengku Aziz. Addressing the opening of Energy Asia 2025, he called for collective, urgent, and coordinated action across the energy ecosystem to ensure a just and equitable transition that leaves no community behind. Tengku Muhammad Taufik warned of a “polycrisis” confronting the global energy sector, citing escalating geopolitical tensions, including conflict near the Strait of Hormuz – which channels 20% of global oil supply – along with climate pressures and disruptive technological advances. These factors, he said, are reshaping global energy dynamics, introducing heightened price volatility and systemic uncertainty. Emphasising that energy security and climate action must be approached as complementary rather than competing agendas, he noted that the Asia-Pacific region, home to 4.8 billion people, will account for half of global energy demand by 2050. To meet this rising demand while aligning with decarbonisation goals, he highlighted the need for a projected US$88.7 trillion in energy investment through to 2050. The sharp rise in energy consumption by data centres was also underscored, with global demand expected to more than double from 415 terawatt-hours (TWh) in 2024 to 945TWh by 2030, representing over 20% of total growth in energy demand during that period. Despite fossil fuels still comprising more than 80% of Asia’s energy mix, Tengku Muhammad Taufik said the region is well-positioned to scale up renewable capacity and decarbonisation technologies such as solar, wind, carbon capture, utilisation and storage (CCUS), and cleaner forms of natural gas. He identified three strategic imperatives to address the region’s energy challenge: diversification of the energy mix, increased investment, and strengthened regional cooperation. He urged governments and industry players to develop a balanced portfolio that includes lower-emissions fossil fuels, sustainable aviation fuel, biofuels, liquefied natural gas (LNG) from increasingly challenging environments, low- or zero-carbon hydrogen, and expanded renewables. At the same time, scaling investment will be crucial to ensure energy remains both available and affordable. Fostering regional collaboration, he said, will be essential to deliver a shared energy future. Saudi Aramco President and CEO Amin H Nasser echoed these concerns, stating that the global energy transition has so far been “oversold and under-delivered”, particularly in Asia. He challenged the assumption that the shift to renewables would be swift and effortless, noting that oil demand still exceeds 100 million barrels per day with no sign of abating. Nasser advocated for a pragmatic approach, acknowledging the central role of fossil fuels in the current energy mix while calling for improvements to reduce their emissions footprint. Institute of Strategic and International Studies Malaysia Chairman and CEO Datuk Mohd Faiz Abdullah also stressed the importance of cooperation across ASEAN, given the region’s economic and technological diversity. He identified key barriers to a fair transition, including the need for skilled labour, enhanced financial support for less developed economies and reduction of regional imbalances. Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General Haitham Al Ghais highlighted the continued relevance of oil, estimating that the sector will require US$17.4 trillion in investment through 2050. He cautioned that efforts to mitigate climate change must not compromise energy security or affordability.

Energy & Technology, News

Solarvest Secures Landmark 30MW Solar Project in Brunei via Joint Venture

Solarvest Holdings Bhd has announced its entry into Brunei’s clean energy sector by securing the country’s largest national solar development to date. The contract was awarded through its wholly owned subsidiary, Atlantic Blue Sdn Bhd, under a joint venture with Serikandi Oilfield Services Sdn Bhd and Khazanah Satu Sdn Bhd. The joint venture entity, Seri Suria Power (B) Sdn Bhd, will spearhead the initiative. According to a corporate statement, the project is scheduled to commence in the third quarter of 2025 and will see the development of a 30MW solar photovoltaic power plant. The facility will be located on a 33.29-hectare remediated landfill site in Kampong Belimbing, Brunei. The undertaking will position the new solar plant as the largest of its kind in the nation upon its targeted completion by the end of 2026. The solar installation is projected to generate an estimated 64,473,000 kilowatt-hours of electricity annually. This renewable output is expected to offset approximately 645,000 million British Thermal Units (BTUs) of natural gas consumption and reduce carbon dioxide emissions by an estimated 92 million tonnes. Solarvest, a regional developer specialising in clean energy infrastructure, noted that this project underscores its strategic push into new markets and reinforces its commitment to advancing sustainable energy solutions across Southeast Asia. -The Star

Energy & Technology, News

Abu Dhabi’s National Oil Company Tables US$18.7 Billion Takeover Offer for Santos

Abu Dhabi’s state-owned energy giant, the Abu Dhabi National Oil Company (ADNOC), has submitted a takeover offer for Australian energy company Santos, valuing the business at US$18.7 billion. Both firms confirmed the development on Monday. The proposed acquisition, led by ADNOC through its subsidiary XRG, marks a significant step in the UAE’s ambition to expand its global presence in gas and liquefied natural gas (LNG) markets. The offer of US$5.76 per share represents a 28% premium on Santos’ closing share price last Friday. Santos, headquartered in Adelaide, operates a diversified energy portfolio across Australia, Papua New Guinea, East Timor and the United States. It is one of the leading LNG suppliers to Australia and broader Asian markets. The company’s board has stated its intention to unanimously recommend the deal to shareholders, provided terms are finalised and no superior proposal emerges. Santos disclosed that this marks ADNOC’s third proposal, following two prior confidential bids made in March. Monday’s announcement referred to the offer as “final and non-binding”, subject to due diligence, regulatory approval and a binding agreement on terms. Following the news, Santos’ shares surged nearly 12% on the Australian Securities Exchange during early afternoon trading. The bidding consortium, alongside XRG, includes Abu Dhabi Development Holding Company and global investment firm Carlyle. In a statement, XRG said the acquisition would reinforce Santos’ legacy as a trusted energy provider while advancing regional and global energy security. “The proposed transaction is aligned with XRG’s strategy and ambition to build a leading integrated global gas and LNG business,” the group stated. ADNOC’s offer comes at a strategic juncture. Santos, which had previously engaged in merger discussions with Woodside Energy in an effort to become one of the world’s largest LNG exporters, ended those talks last year. The company has been the subject of takeover speculation for over two years. Analysts at E&P Financial Group described the timing of the bid as “opportune”, pointing to rising energy prices and Santos’ completion of major capital projects. The firm also suggested that ADNOC’s interest in LNG may not be limited to Santos, citing media reports linking the Middle Eastern company to BP’s LNG and gas operations. The consortium has committed to maintaining Santos’ corporate headquarters in Adelaide and to working with the current management team to accelerate growth, protect jobs and strengthen its operational base. Additionally, XRG underscored its intention to invest in low-carbon technologies, including carbon capture and storage, as well as low-emissions fuels, in support of decarbonisation across Australia, Asia Pacific and beyond. The deal remains subject to regulatory approval in Australia, Papua New Guinea and the United States. -AFP

Energy & Technology, News

LG Energy Solution Wins £575m EV Battery Deal with China’s Chery Automobile

LG Energy Solution Ltd., South Korea’s foremost battery manufacturer, has announced a significant agreement with China’s Chery Automobile Co. for the supply of advanced cylindrical electric vehicle (EV) batteries. Under the terms of the multi-year partnership, LG Energy Solution will deliver a total of 8 gigawatt-hours (GWh) of its next-generation 46-series cylindrical batteries over a six-year period. The company noted that this capacity would be sufficient to power approximately 120,000 electric vehicles. While the financial details of the agreement remain undisclosed, industry sources estimate the contract to be valued at approximately 1 trillion South Korean won, equivalent to around US$730 million. The supply of batteries is expected to commence in early 2026, with Chery planning to integrate the technology into its flagship electric models. The 46-series battery cells, developed using LG Energy Solution’s proprietary nickel-cobalt-manganese (NCM) chemistry, are recognised for their high energy density and production efficiency. These next-generation cylindrical cells reportedly offer more than five times the energy output of conventional battery types and demonstrate superior performance in low-temperature environments compared to lithium iron phosphate (LFP) counterparts. “This deal marks a pivotal step in scaling up global adoption of our new 46-series batteries and securing a dominant market leadership,” said Kim Dong-myung, Chief Executive Officer of LG Energy Solution. The collaboration is expected to expand further, with both companies aiming to apply the high-performance battery technology across a broader range of EV models within the Chery Group. -Yonhap

Energy & Technology

Telecom Sector Faces Cautious Outlook Amid 5G Shifts

PETALING JAYA: The telecommunications sector is entering the second half of the financial year with a more cautious outlook, shaped not only by macroeconomic and geopolitical headwinds but, more significantly, by structural shifts in Malaysia’s 5G policy landscape. According to a report by RHB Investment Bank Bhd, insights from the first quarter of financial year 2025 (1Q25) and recent management commentary suggest the industry is bracing for a more restrained performance in the coming months. This is primarily due to the expected increase in 5G wholesale costs. Despite the headwinds, dividend payouts are anticipated to remain steady, offering some reassurance to investors. CelcomDigi Bhd is expected to benefit from increasing operational synergies as integration-related costs decline through FY25. Nevertheless, the sector may still see further policy recalibrations as the government’s 5G agenda evolves. The completion of the share subscription agreement and ongoing cost rationalisation at Digital Nasional Bhd (DNB) remain in focus. CelcomDigi, Maxis and Yes are each contributing an additional RM320 million to acquire DNB’s shareholder loan from the Ministry of Finance and related equity stakes by the end of 2025. This financial commitment underscores the significant investment still required from operators as the 5G rollout continues. RHB Investment noted that Axiata Group Bhd delivered the weakest results among the major players, largely due to its exposure to overseas earnings. Consequently, the research house revised down Axiata’s core earnings estimates for FY25 to FY27. This adjustment was primarily driven by the deconsolidation of XL Axiata, which has been reclassified from a subsidiary to an associate since mid-April. Similarly, earnings forecasts for OCK Group Bhd were lowered for the same period. Conversely, TIME Dotcom Bhd emerged as the strongest performer, attracting investor interest amid global trade tensions. Its domestic-focused business model provided a relative safe haven following retaliatory tariffs imposed by the United States. Within a regional context, RHB observed that four Malaysian telcos currently outperform their Indonesian counterparts but still trail behind players in Singapore and Thailand, particularly in terms of dividend yields. The March quarter results highlighted ongoing pressure on industry mobile revenues and average revenue per user (ARPU) in the retail fixed broadband segment. Prepaid ARPU fell to new lows, with mobile service revenue remaining soft even after adjusting for seasonal factors. At the same time, retail fixed broadband additions declined, pointing to market saturation in key urban areas. Despite these challenges, TIME Dotcom continued to outperform its peers in fixed broadband revenue, bolstered by the expansion of its fibre network and increasing penetration into single-dwelling units — an area traditionally dominated by Telekom Malaysia Bhd (TM). Cost management remains a central theme for industry players, with telcos maintaining a strong focus on operational efficiency amid the uncertain operating environment. RHB’s top stock picks within the sector include Telekom Malaysia, CelcomDigi and Axiata, reflecting a preference for fixed-line operators over mobile players due to stronger structural drivers and more resilient earnings. Nevertheless, the outlook remains neutral, with competition, regulatory uncertainty and weaker-than-expected financial results cited as key risks. -The Star

Energy & Technology, News

Sarawak Targets 1,000MW Floating Solar Capacity with Bakun Dam Project by 2027

Sarawak is set to strengthen its renewable energy portfolio with the development of a large-scale floating solar farm at the Bakun hydroelectric dam reservoir, scheduled for commissioning by 2027. The initial phase of the project is projected to deliver up to 300 megawatts (MW) of solar power, with the potential to scale up to 1,000MW. Sarawak Energy Berhad (SEB) Group Chief Executive Officer Datuk Sharbini Suhaili confirmed that the first phase of development is targeted for completion within the next 18 to 24 months. This follows a memorandum of understanding (MoU) signed in Shanghai last week at the International Solar Photovoltaic and Smart Energy Conference. The MoU, involving the Sarawak Utility and Telecommunication Ministry, China Three Gorges International Ltd (CTGI), and Shanghai Electric Power T&D Group Co Ltd, sets a framework for joint feasibility studies and development planning. The Bakun site, which features a vast water surface, is seen as highly suitable for floating solar infrastructure. Datuk Sharbini noted that a successful implementation could see the Bakun installation become the largest of its kind in Southeast Asia. “Should the initial 300MW phase be delivered successfully, we envisage expanding its capacity over the coming years, positioning Sarawak as a leader in floating solar generation in the region,” he said. Commissioned in 2011, the 2,400MW Bakun power plant on the upper Rajang River is Southeast Asia’s largest and tallest hydroelectric facility, featuring a 695 sq km reservoir. SEB acquired the plant from Sarawak Hidro Sdn Bhd for RM2.5 billion in 2017 and it currently supplies firm energy of 1,771MW, depending on grid demand. Energy produced from the Bakun facility supports energy-intensive industries such as aluminium and ferroalloy smelting in the Samalaju Industrial Park, under the Sarawak Corridor of Renewable Energy (SCORE). SEB also owns the 944MW Murum and 108MW Batang Ai hydro plants and is constructing the 1,285MW Baleh hydroelectric dam. All three hydro plants are situated upstream of Belaga town in the Kapit Division. In addition to the Bakun project, Sarawak is exploring another large-scale floating solar installation at the Murum dam reservoir. This initiative is being pursued in collaboration with Abu Dhabi Future Energy Company (Masdar) and Gentari, under a joint study agreement signed in November 2024. The study, expected to run for a year, aims to evaluate the feasibility of developing up to 1,000MW of solar generation capacity. Sarawak Premier Tan Sri Abang Johari Tun Openg reaffirmed the state’s commitment to clean energy development, stating that SEB is targeting a solar generation capacity of 1,500MW by 2030. He also highlighted that Sarawak’s first floating solar project, a 50MW hybrid installation at Batang Ai, became operational in late 2023 and serves as Malaysia’s first hydro-solar integration. Building on this foundation, SEB is actively exploring additional large-scale floating solar opportunities in collaboration with regional and international partners as well as independent power producers. In a keynote address delivered on his behalf at the Shanghai conference by Deputy Minister for Utility (Sarawak Energy and Petros) Datuk Ibrahim Baki, who also chairs SEB, the Premier underscored Sarawak’s broader solar agenda. This includes rural solar-hybrid electrification, hydrogen-integrated solar systems, and the net energy metering scheme for residential adoption. SEB’s long-term targets include generating 10 gigawatts (GW) of energy by 2030 and expanding this to 15GW by 2035, reinforcing Sarawak’s aspiration to become a regional hub for renewable energy. With current generation capacity standing at 5,898MW—over 60% of which is hydropower—Sarawak also relies on indigenous thermal sources to ensure energy reliability. The Premier noted that Sarawak is positioning itself as ASEAN’s renewable energy and battery powerhouse, with plans to export energy to neighbouring regions. The successful cross-border energy export to West Kalimantan in 2016 laid the groundwork for future interconnections with Sabah, Brunei Darussalam, Peninsular Malaysia and Singapore via subsea cable infrastructure. He also invited global stakeholders to participate in the Sarawak Energy Renewable Energy and Sustainability Forum, which will take place in Kuching on 3 and 4 September 2025. -The Star

Energy & Technology

Taiwan Tightens Technology Export Controls on Huawei and SMIC

Taiwan has formally imposed export restrictions on Chinese tech giants Huawei Technologies Co and Semiconductor Manufacturing International Corp (SMIC), significantly escalating regulatory pressure on two companies central to China’s ambitions in artificial intelligence chip development. The restrictions were outlined in an updated version of Taiwan’s strategic high-tech commodities entity list, published quietly on the website of the International Trade Administration. The list now includes Huawei, SMIC and a number of their subsidiaries, marking a notable policy shift by Taipei. Until now, Taiwanese authorities had refrained from targeting specific Chinese firms despite existing limitations on certain semiconductor technologies. Under the current regulatory framework, Taiwanese companies must obtain government approval before exporting any goods or technologies to entities listed. This move is expected to partially sever Huawei and SMIC’s access to critical materials, construction technologies and equipment required for building advanced AI semiconductor fabrication plants — similar to those produced by Taiwan Semiconductor Manufacturing Co (TSMC) for global leaders such as Nvidia Corp. In addition to the parent companies, several of Huawei’s overseas units located in Japan, Russia and Germany were also included in the latest update. Neither Huawei nor SMIC provided comment in response to media queries made outside regular business hours. The decision comes against the backdrop of growing geopolitical tensions and trade restrictions that have reshaped the global semiconductor landscape. Huawei and SMIC, both already subject to export limitations by the United States, have been at the centre of China’s push to reduce reliance on foreign chip technology. In 2023, Bloomberg News revealed that a number of Taiwanese firms were discreetly involved in supporting Huawei’s efforts to construct a network of chip plants in southern China. The latest Taiwanese restrictions are expected to hinder those developments. TSMC, which supplies key clients such as Apple Inc and Nvidia, halted shipments to Huawei in 2020 following US-imposed export restrictions. Despite facing numerous curbs, Huawei and SMIC attracted international attention last year when they unveiled a domestically produced seven-nanometre chip, a move that surprised many in Washington. The restrictions coincide with rising cross-strait tensions. Earlier this year, newly inaugurated Taiwanese President Lai Ching-te referred to China as a “foreign hostile force” and introduced new countermeasures aimed at curbing external interference. Beijing, which claims Taiwan as part of its territory, has reiterated its intent to unify with the self-governing island — by force if necessary. -Bloomberg

Energy & Technology

Microsoft Confirms RM10.5 Billion Cloud and AI Investment in Malaysia

Microsoft has reiterated its long-term commitment to Malaysia, maintaining its RM10.5 billion investment in cloud and artificial intelligence (AI) infrastructure, even as the company adjusts its global data centre strategy amid market uncertainty. A Microsoft Malaysia spokesperson confirmed the tech giant’s ongoing plans to develop hyperscale data centres in the Klang Valley, reinforcing its role in accelerating Malaysia’s digital transformation. “Microsoft remains committed to our investment in Malaysia to accelerate the nation’s AI and cloud adoption. As a company, the tariff is something we are watching, but we don’t have anything to share right now,” the company stated in response to queries, referring to trade tensions triggered by US President Donald Trump’s earlier announcement of wide-ranging tariffs. According to a Bloomberg report in April, Microsoft had either paused or delayed data centre projects across several regions, including Indonesia, the United Kingdom, Australia, and select states in the United States. Microsoft acknowledged at the time that adjustments had been made to reflect the flexibility of its strategy, ensuring infrastructure is deployed in optimal locations. Despite these global recalibrations, Microsoft continues to scale its Malaysian operations. In May, the company announced the general availability of its Malaysia West cloud region in Greater Kuala Lumpur. The launch includes three availability zones designed to deliver low-latency connections and a highly resilient infrastructure supporting platforms such as Azure and Microsoft 365. In addition to infrastructure, Microsoft is placing substantial emphasis on local talent development. Through its “AI for Malaysia’s Future” (AIForMYFuture) initiative, the company aims to equip 800,000 Malaysians with AI skills by the end of 2025. As of May, over 400,000 individuals have received training, according to Microsoft Malaysia’s director of legal and government affairs, Adilah Junid. She encouraged broader participation through the AI Skills Navigator platform and nationwide “Microsoft AI Teach” programmes conducted at educational institutions and National Information Dissemination Centres. “Microsoft relies heavily on local partners such as Biji-Biji, HRD Corp, Perkeso, Pepper Labs, and the International Women’s Federation of Commerce and Industry Malaysia. They are the ones with deep community networks, enabling us to extend this opportunity as widely as possible,” said Adilah. On the issue of environmental sustainability, particularly data centres’ high water consumption for cooling purposes, Adilah noted Microsoft’s continued efforts to innovate in this area. The company actively contributed to the digital ministry’s guidelines for sustainable data centres and works closely with authorities to ensure alignment on water and energy usage benchmarks. -FMT

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