
Sarawak to launch hydrogen certification platform for market integrity
The initiative aims to strengthen investor confidence in the state's growing hydrogen economy.
Sarawak Premier Tan Sri Abang Johari Tun Openg announced the plan during his keynote speech titled 'Sarawak's Hydrogen Vision: Catalysing Green Growth for ASEAN and Beyond' at the World Hydrogen Asia Conference 2025 in Tokyo.
He highlighted the state's commitment to positioning itself as a competitive hydrogen producer through the Sarawak Hydrogen Economy Roadmap (SHER).
'The state government has taken proactive measures with the launch of the Sarawak Hydrogen Economy Roadmap (SHER), a long-term plan aimed at positioning Sarawak as a cost-competitive, reliable and scalable hydrogen producer,' he said.
Abang Johari added that Sarawak is investing in technology and innovation to remain competitive in the evolving energy sector.
The government is also exploring a common certification framework for ASEAN and international adoption, ensuring alignment with global benchmarks.
The premier stressed that strong governance, infrastructure, financing, and workforce development are crucial to establishing Sarawak as a regional leader in green hydrogen.
His two-day working visit to Tokyo underscores the state's push for international partnerships in sustainable energy. - Bernama
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
31 minutes ago
- The Sun
Ringgit forecast to trade between 4.24-4.26 vs US dollar next week
KUALA LUMPUR: The ringgit is expected to remain volatile next week, moving in the range between 4.24 and 4.26 against the US dollar, an analyst said. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that apart from the United States (US) tariff, the next key question is whether the Federal Reserve (Fed) would cut the interest rates. On that note, he said key data points would be the US Consumer Price Index (CPI) for June. Thus far, the inflation rate has been quite manageable during the 90-day pause period. 'Obviously, the full implementation of reciprocal tariffs on August 1 would result in higher inflation, which could lead to the need to keep the Federal Fund Rate (FFR) steady as an ideal policy decision. 'The US dollar index (DXY) has been gradually climbing and therefore, emerging market currencies, including the ringgit, could stay on the low side,' Mohd Afzanizam said. Meanwhile, SPI Asset Management managing partner Stephen Innes also said the ringgit is expected to trade within a narrow range ahead of the release of the US CPI next week, a key economic event likely to shape market direction and the Fed policy expectations. The upcoming US inflation report, due Tuesday, would be closely watched by financial markets as it could offer clear signals on the path of interest rates, he said. Innes said markets are particularly focused on the core CPI month-on-month figure, with 0.3 per cent seen as the critical threshold. 'A softer-than-expected reading could revive hopes for a September rate cut by the Fed, potentially leading to a pullback in the US dollar and offering the ringgit some relief,' Innes said. However, he cautioned that a stronger print, particularly at 0.4 per cent or higher, would likely shift market expectations toward a more hawkish Fed, sparking renewed dollar strength. 'In that scenario, the US dollar-ringgit pair could climb toward 4.2700, although any initial spike may be short-lived if profit-taking emerges,' he noted. He projected the ringgit to trade within a tactical range of 4.2400 to 4.2650, with market positioning expected to tighten further. 'For now, the ringgit remains a passenger in a vehicle driven by US macro outcomes -- not a driver in its own right,' Innes added. On a Friday-to-Friday basis, the ringgit ended the week lower against the greenback, closing at 4.2475/2525 from 4.2180/2260 previously. The local note traded mostly higher against a basket of major currencies. The ringgit appreciated vis-a-vis the Japanese yen to 2.8893/8929 from 2.9225/9282, and increased against the British pound to 5.7524/7592 from 5.7601/7710 last Friday. However, it marginally fell versus the euro to 4.9679/9737 from 4.9675/9770 at the end of last week. Against ASEAN currencies, the ringgit was traded lower. The local note was down against the Singapore dollar to 3.3186/3228 from 3.3114/3182, and narrowed versus the Indonesian rupiah to 261.8/262.3 from 260.6/261.2 previously. It weakened versus the Thai baht to 13.0668/0886 from 13.0302/0609 and declined against the Philippine peso at 7.52/7.53 from 7.47/7.49 on last Friday.


Malaysian Reserve
an hour ago
- Malaysian Reserve
Short-term rates seen steady next week on BNM operations
SHORT-TERM interbank rates are expected to remain steady next week, underpinned by Bank Negara Malaysia's (BNM) continued operations to absorb excess liquidity from the financial system. This week, the central bank intervened daily by conducting reverse repo tenders, overnight reverse repo tenders, and Islamic reverse repo tenders to reduce excess funds in the financial system. On a weekly basis, surplus liquidity in the conventional system declined to RM20.30 billion from RM23 billion last Friday. In the Islamic system, surplus liquidity rose to RM33.69 billion from RM27.90 billion previously. The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.75 per cent as of July 10, 2025. — BERNAMA


Malaysian Reserve
an hour ago
- Malaysian Reserve
Bursa Malaysia seen range-bound, macro data in focus
BURSA MALAYSIA is expected to trade sideways next week, with the index's bullish momentum likely dependent on key macroeconomic data from China and the United States (US). UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said investors would closely monitor upcoming data from China, particularly June trade figures and second-quarter gross domestic product (GDP). 'While consensus expects GDP growth to hold at 5.0 per cent, persistent weakness in the property sector could reignite stimulus speculation. 'In the US, June retail sales will be a key indicator of consumer strength and potential implications for the US Federal Reserve's policy path,' he told Bernama. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng expects profit-taking to emerge next week. 'As such, we anticipate the FBM KLCI to move within the 1,530–1,560 range. Sectors likely to remain in favour include banking, telecommunications, property, construction and consumer,' he said. For the week just ended, the benchmark index fell 14.12 points to 1,536.07 from 1,550.19 a week earlier. The FBM Emas Index declined 74.14 points to 11,543.58, the FBMT 100 Index dropped 81.96 points to 11,308.74, and the FBM Emas Shariah Index slipped 65.35 points to 11,552.47. The FBM 70 Index shed 25.69 points to 16,761.35, while the FBM ACE Index rose 11.77 points to 4,538.17. By sector, the Financial Services Index slid 183.09 points to 17,608.13, the Plantation Index added 1.71 points to 7,459.45, and the Energy Index eased 3.99 points to 737.62. Weekly turnover narrowed to 16.21 billion units worth RM11.43 billion from 17.25 billion units valued at RM12.62 billion in the previous week. Main Market volume fell to 6.99 billion units valued at RM10.02 billion, compared with 9.22 billion units worth RM11.41 billion previously. Warrant turnover rose to 7.82 billion units worth RM911.38 million from 6.62 billion units worth RM772.30 million a week earlier. ACE Market volume inched up to 1.41 billion units valued at RM490.78 million versus 1.40 billion units worth RM437.52 million previously. — BERNAMA