TNB: Data centres 'best customers' for infrastructure investment
It was previously reported that TNB expects to see electricity demand from data centres reach 5,000MW by 2035, accounting for 15-20% of total electricity demand in the country then.
It was previously reported that TNB expects to see electricity demand from data centres reach 5,000MW by 2035, accounting for 15-20% of total electricity demand in the country then.
IIB president and chief executive officer Datuk Idzham Mohd Hashim said strategic investments, infrastructure enhancement, and sustainability are at the core of this initiative.
BMI said Johor’s stable infrastructure and government incentives make it an attractive destination for institutional investors seeking reliable and high-growth opportunities.
To support the JS-SEZ, the government has announced incentives, including a special corporate tax rate, to lure investors to set up shop in the zone that stretches from Kulai and part of Pontian to Pengerang.
Companies making new investments in qualifying manufacturing and services — such as in artificial intelligence and quantum computing supply chain, medical devices, aerospace manufacturing and global services hub — will enjoy a special tax rate of 5% for up to 15 years.
Both nations emphasised their commitment to fostering a stronger bilateral partnership based on mutual respect and a constructive approach to resolving issues, ensuring win-win outcomes without overshadowing the broader relationship.
Malaysian Shopping Malls Association: "This announcement of a potential 15% increase in TNB tariffs is expected to place enormous financial pressure on both operators and consumers.
The Malaysia Retailers Association is strongly urging the government to reconsider the electricity tariff hike, scheduled to take effect from July 2025, and to hold immediate dialogues with stakeholders to address their concerns and explore alternative solutions.
Prime Minister Datuk Seri Anwar Ibrahim said the upcoming electricity tariff adjustment would involve “only the ultra-rich (mahakaya) or profitable industries (yang mencatat keuntungan)”.
“The revision of the base tariff is mainly to reflect the market fuel prices,” said Tenaga chief financial officer Datuk Nazmi Othman.