ISKANDAR PUTERI, Malaysia: Malaysia is generating enough energy surplus to power new major development projects as well as grow its exports, Prime Minister Anwar Ibrahim said on Thursday (Sep 26), as it looks to court investors to a special economic zone (SEZ) planned with neighbouring Singapore.
FILE PHOTO: Malaysia 's Prime Minister Anwar Ibrahim holds a press conference with German Chancellor Olaf Scholz in Berlin, Germany, March 11, 2024. REUTERS/Liesa Johannssen/File PhotoISKANDAR PUTERI, Malaysia : Malaysia is generating enough energy surplus to power new major development projects as well as grow its exports, Prime Minister Anwar Ibrahim said on Thursday , as it looks to court investors to a special economic zone planned with neighbouring Singapore.
"Taken together with various energy-focused projects in all states and regions of Malaysia ... we are confident of a surplus of energy that feeds developments such as the JS-SEZ, as well as have enough to grow our exports of energy," Anwar told an investment event in Johor. Johor is expected to see a rise in energy demand, having attracted large investments in data centre facilities in recent years from tech giants such as Nvidia, and China's ByteDance.
The investment boost has helped propel Malaysia's economy this year, with growth beating expectations in the past two quarters, and the local stock market becoming the best-performing in the region, Anwar said.We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Sunway City Iskandar Puteri’s homes sold out in 2 hours while Forest City strugglesForest City, a $100 billion development by Country Garden, continues to struggle with its “ghostly” reputation
Read more »
Tempat Gadai BPKB Di Adira Soleh Iskandar Bogor-Solusi AmanahDapatkan layanan gadaibpkb.co.id untuk gadai bpkb di Adira Soleh Iskandar Bogor dengan jaminan bpkb mobil atau bpkb motor anda
Read more »
Japan's Next Prime Minister Faces Geopolitical ChallengesAs Japan prepares for its next prime minister, the candidates' views on foreign policy and defense raise concerns about potential shifts in the country's diplomatic stance. Some contenders advocate for nuclear weapons or closer ties with NATO, which could strain relationships with China and other neighbors.
Read more »
Thailand swears in Shinawatra heiress as youngest prime ministerBANGKOK: Paetongtarn Shinawatra, the heiress of Thailand's most famous political dynasty, was sworn in as prime minister on Friday (Sep 6), capping a month of turmoil in which her predecessor was
Read more »
7 rare freehold condos in Singapore's prime areasFreehold developments in Singapore are often seen as elusive treasures, especially in areas where most buyers wouldn't expect to find them. Locations like the Central Business District (CBD) or Orchard Road are more known for their high prices and leasehold properties, leading many to overlook the rare freehold gems hidden in plain sight.
Read more »
Malaysian king Sultan Ibrahim to make state visit to China, eyes infrastructure supportThis will be Sultan Ibrahim Sultan Iskandar's second overseas trip - after his visit to Singapore in May - since he was sworn in as Malaysia’s king in January.
Read more »