Malaysia’s development strategy for 2015-20, the 11th Malaysia Plan (11MP), continues to stress previous commitments to “pursuing green growth for sustainability and resilience”, a concept that in power terms involves full support for the development of renewable energy (RE) projects nationwide.
With oil and gas prices at a relative low and global economic activity slowing, these are undoubtedly challenging times for oil and gas companies, producers and countries worldwide, and Malaysia is no exception. Yet despite the downsides, these are also key times for the development of new resources and strategies in the sector, with Malaysia...
In November 2014, Prime Minister Najib Razak announced that the country’s long-running system of fuel subsidies would be coming to an end in the following month. Over a year later, the expected pain that this move augured has been less than many had first feared. Former Central Bank governor Zeti Akhtar Aziz remarked as much in March 2016,...
Rapid economic growth over the last few decades has propelled Malaysia into the ranks of the major Asian manufacturing and industrial centres. Demand for power has been increasing sharply with this, particularly in urban clusters on the peninsula and, increasingly, in Sabah and Sarawak. Meanwhile, as per capita incomes rise, household demand...
Malaysia’s insurance and takaful, or Islamic insurance, segment has recorded consistent growth in recent years. In 2015 total assets of the insurance and takaful industry expanded by 5.6% to RM264bn ($65.3bn). Within the life insurance and family takaful segment, the growth of takaful contributions has been notable, accounting for...
Growing faster than conventional insurance lines, Malaysia’s takaful, or Islamic insurance, industry recorded a positive performance in 2015. In addition, the industry is expected to expand further in 2016. The central bank, Bank Negara Malaysia (BNM), has been taking steps to actively promote the takaful segment. Although volatility in...
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