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.
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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