Alibaba Cloud deepens South-east Asia push with third Malaysia data centre, second in Philippines
The expansion ensures that Alibaba Cloud can meet the rising global demand for secure, resilient and scalable cloud services, the company said. — Reuters
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Free Malaysia Today
an hour ago
- Free Malaysia Today
Asean on track to meet clean energy goals, says Petra deputy sec-gen
Energy transition and water transformation ministry deputy secretary-general Mareena Mahpudz says several Asean countries aim to achieve net-zero emissions between 2050 and 2065. KUCHING : Asean is on track to achieving its clean energy and climate goals, the energy transition and water transformation ministry said. The ministry's deputy secretary-general (energy) Mareena Mahpudz said the region had already made notable progress, particularly in the power sector where countries were working towards their net-zero targets. She said several Asean countries, such as Malaysia and Singapore, aimed to achieve net-zero emissions by 2050, while others such as Indonesia and Thailand had set targets for 2060 and 2065, respectively. 'Even now, Malaysia has already achieved its target for this year. We were supposed to reach 31% by the end of the year, but it's already close to 32%,' Mareena told FMT, referring to the share of renewable energy in Malaysia's installed power capacity. At the regional level, the Asean Plan of Action for Energy Cooperation (APAEC) sets out a long-term goal of achieving net-zero emissions by 2050, with a strong focus on expanding renewable energy and reducing reliance on fossil fuels. Asean has committed to achieving a 23% share of renewables in its total primary energy mix by this year. While current figures sit at around 14.4%, Mareena said efforts were being scaled up across the region to close the gap — through greater investment in renewable energy, improved energy efficiency, and the adoption of clean technologies. This regional push was reinforced during the 43rd Asean Senior Officials' Meeting on Energy, held from June 16-18, which laid the groundwork for the second phase of the APAEC roadmap. Mareena also highlighted the launch of the Asean Power Grid (APG) Financing Facility under Malaysia's chairmanship, a platform aimed at mobilising funding for cross-border energy projects and accelerating the region's clean energy transition. 'It's a collaboration between financial institutions, the economic sector, and the energy sector. It can help attract more investors to the region and support local industries.' She added that the facility had already attracted support from Bank Negara Malaysia, the Asian Development Bank, and the World Bank. 'We have also received interest from the European Commission, Japan Bank for International Cooperation, Islamic Development Bank and several Chinese banks too.' Mareena said Asean was also working to strengthen the region's clean energy infrastructure — including solar panel manufacturing and battery storage — to meet rising demand and build a more self-sustaining green economy. 'It's challenging, but I believe moving forward it will be very successful, and we can achieve the targets we've set for the region,' she said.
Free Malaysia Today
an hour ago
- Free Malaysia Today
Green electricity tariff premium rates cut by up to 80%
The GET programme was introduced in 2021, offering renewable power to customers of TNB seeking to reduce their carbon footprint. (Envato Elements pic) KUALA LUMPUR : Malaysia has cut its green electricity tariff (GET) premium rates by up to 80% since yesterday in an effort to diversify its green electricity supply access options for companies to meet their environmental, social and governance commitments. The premium rates that were previously set based on user categories will now be combined into a single tier of pricing, the energy transition and water transformation ministry said in a statement today. All users will now pay five sen per kilowatt (kWh) hour for one-year contracts, four sen per kWh for two-year agreements, and three sen per kWh for three-year commitments. The GET programme was introduced in 2021, offering renewable power to customers of state-run utility firm Tenaga Nasional Bhd seeking to reduce their carbon footprint. The government previously set the 2025 GET programme quota of at least 6,600 gigawatt hours, with premium rates of 10 sen per kWh for domestic and non-domestic low voltage users, and 20 sen per kWh for non-domestic medium and high voltage users. As these new provisions involve structural changes and cost implications, the ministry said, users will have the option to terminate their existing subscriptions without penalty until Aug 31. It said that in response to demand from data centre operators as well as industrial and commercial users, it has also launched the GET GreenPath Programme to address the need for 'tenant accounts' to receive formal recognition of their green electricity usage through renewable energy certificates. This enhanced version of the existing GET programme will be implemented by TNB and opened for subscription on Aug 1.
The Sun
an hour ago
- The Sun
PM Anwar meets Italian industrial leaders to boost Malaysia investments
ROME: Prime Minister Datuk Seri Anwar Ibrahim held high-level discussions with top executives from Italy's leading industrial firms, reinforcing Malaysia's position as a stable and progressive investment destination. The meetings, held on the second day of his working visit, focused on strategic sectors like defence and energy. Anwar engaged with shipbuilding giant Fincantieri's CEO Pierroberto Folgiero and Leonardo's senior vice-president Tomasso Pani, both key players in defence and aerospace. The talks aimed to strengthen Malaysia's role as a regional maintenance, repair, and overhaul (MRO) hub through government-to-government (G2G) partnerships. The Prime Minister also met ENI's CEO Claudio Descalzi to explore energy collaborations with Petronas. 'I emphasised Malaysia's readiness for mutually beneficial investments and urged concrete actions to realise proposed projects within set timelines,' Anwar stated. Accompanied by ministers including Foreign Minister Datuk Seri Mohamad Hasan and Defence Minister Datuk Seri Mohamed Khaled Nordin, Anwar later met Italy's Deputy Prime Minister Antonio Tajani ahead of the Malaysia-Italy Economic Partnership Roundtable. Trade between Malaysia and Italy grew by 3.3% year-on-year in early 2025, reaching RM6.5 billion. Italy remains Malaysia's fifth-largest trading partner and a major importer of Malaysian palm oil in the EU.
