KUALA LUMPUR - Malaysia will lift a ban on exports of renewable energy as part of efforts to develop its clean power industry and boost generation from non-fossil fuel sources, said its economy minister on Tuesday (May 9). The South-east Asian country, which currently generates just over one per cent of its electricity annually from renewable sources, banned its exports...
Malaysia banned exports of renewable energy in Oct 2021 in the hopes of developing the local industry.KUALA LUMPUR - Malaysia will lift a ban on exports of renewable energy as part of efforts to develop its clean power industry and boost generation from non-fossil fuel sources, said its economy minister on Tuesday .
Economy Minister Rafizi Ramli said reversing the ban will help firms build renewable power generation capacity on a larger scale and take advantage of high demand from neighbouring Singapore. The International Renewable Energy Agency said in March that Malaysia will need to double its investments in renewable power capacity, infrastructure and energy efficiency to at least US$375 billion in order to achieve that ambitious target.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In Malaysia, migrants say they are in limbo after promised jobs fall throughKUALA LUMPUR - Stranded without work for months, hundreds of South Asian migrants in Malaysia say they are losing hope after failing to find jobs promised to them by recruitment agents in exchange for thousands of dollars in fees. At a students' dormitory about 40 km from the capital, Kuala Lumpur, about 500 migrants - mostly young men from Nepal...
Read more »
In Malaysia, migrants say they are in limbo after promised jobs fall throughKUALA LUMPUR: Stranded without work for months, hundreds of South Asian migrants in Malaysia say they are losing hope after failing to find jobs promised to them by recr
Read more »
In Malaysia, migrants say they are in limbo after promised jobs fall throughKUALA LUMPUR : Stranded without work for months, hundreds of South Asian migrants in Malaysia say they are losing hope after failing to find jobs promised to them by recruitment agents in exchange for thousands of dollars in fees. At a students' dormitory about 40 km (25 miles) from the capital, Kuala Lu
Read more »
Malaysia's Q1 GDP growth likely cooled on weak demand, exports - Reuters pollBENGALURU : Malaysia's economic growth probably slowed in the first quarter, hit by tepid consumption and declining exports, a Reuters poll of economists showed.The Southeast Asian economy probably expanded 4.8 per cent in the January-March quarter from a year ago, the median forecast of 21 economists pol
Read more »
Malaysia Edition: Rare earths miner Lynas gets extension | Mahathir sues AnwarRead more at straitstimes.com.
Read more »
Malaysia to lift export ban on renewable energy in accelerated transition plansThe aim is to help firms build large-scale green power capacity and also meet demand from neighbouring Singapore. Read more at straitstimes.com.
Read more »