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RHB provides platform for dialogue on water and energy reform

KUALA LUMPUR, July 5 (Bernama) -- RHB Banking Group (RHB) today hosted an Investor Conference with the theme Industry Reform in Malaysia that saw participation from more than 100 local institutional investors.

The conference highlighted the Government’s efforts to reform the water and energy industries; ensure the long-term sustainable supply of clean water; and explore a more efficient model for electricity generation and consumption, including the propagation of greater usage of renewable energy in Malaysia.

The one-day conference was attended by Dr Xavier Jayakumar, Minister of Water, Land and Natural Resources, and Yeo Bee Yin, Minister of Energy, Science, Technology, Environment and Climate Change.

Also present was Charles Santiago, Chairman of Suruhanjaya Perkhidmatan Air Negara (SPAN), and Datuk Ir Ahmad Fauzi Hasan, Chairman of Energy Commission Malaysia.

Other corporates that presented at the conference included Fitters Diversified, HSS Engineers, Ranhill Holdings, Cypark Resources and Malakoff Corporation.

Rapid development in Malaysia has led to an increase in the urban population and growth in industries, which has increased the demand for clean water supply, especially in urban areas.

In the energy industry, the push for greater renewable energy in the coming years, to safeguard the country’s environment, comes from greater awareness of environmental issues globally.

Datuk Khairussaleh Ramli, Group Managing Director, RHB Banking Group, in his welcome speech at the conference today said, “RHB is pleased to be able to play a part through this Conference by bringing the Federal Government, government agencies and investors on a common platform to discuss issues, share insights and discover opportunities on Water Services industry and Energy reforms in Malaysia.”

“As the United Nation's 2030 Agenda for Sustainable Development becomes closer, it is relevant for Malaysia to look for game changers to transform the country's energy landscape.

Investments into renewable energy technology is expected to be a long-term solution to the rapidly rising energy demand across the globe as well as locally, and thus, limiting pollution as well as emission levels,” Khairussaleh added.

Xavier in his keynote speech at the conference today said, “The Ministry believes that Malaysia has significant upside potential for more robust growth in sectors related to water, land and natural resources.  Thus policymakers and industries must work hand in hand in transforming and leveraging on this strategic sectors so that it can roll out its full potential to create and capture more value.

This effort must be pursued through relevant and sound knowledge with good practices to ensure a balance between economic prosperity, social well-being and environmental protection towards sustainable development.”

Yeo in her address at the conference today highlighted the ministry’s extensive initiatives in energy reform especially renewable energy, research and development, start-up funding and climate change.

She lauded RHB’s efforts in providing investors and government a platform for discourse and to drive vibrant investment opportunities in the energy sector.

-- BERNAMA

 

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