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Tuesday, 11 August 2026 Reading Room
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World

Malaysia's 2026 FiT e-bidding seen catalysing RM4.3bil investment

KUALA LUMPUR: Malaysia’s 2026 Feed-in Tariff (FiT) e-bidding exercise is expected to catalyse about RM4.3 billion in investment through biogas, biomass and small hydropower projects.

nst.com.my ·

Malaysia's 2026 FiT e-bidding seen catalysing RM4.3bil investment

The 2026 Feed-in Tariff (FiT) e-bidding exercise in Malaysia is anticipated to generate approximately RM4.3 billion in investment through biogas, biomass, and small hydropower projects, according to Economy Minister Akmal Nasrullah Mohd Nasir. The awarded projects are projected to create around 7,738 indirect employment opportunities, bolster domestic supply chains, and contribute to broader economic value.

This outcome aligns with Malaysia's goal of increasing renewable energy's share in the electricity supply mix to 70% by 2050, as outlined by the Energy Transition and Water Transformation Ministry. The Sustainable Energy Development Authority Malaysia received 48 applications, with 42 awarded a total capacity of 331.355 MW, including 16 biogas projects (26.185 MW), 11 biomass projects (135.94 MW), and 15 small hydropower projects (169.23 MW).

Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at nst.com.my →

More in World

The police will establish a 'tracking investigation team' for criminal proceeds to minimize damage from voice phishing. The police are promoting the establishment of a team that specializes in tracking and confiscating criminal proceeds, including those from voice phishing, gang crimes, and drug-related crimes. The police plan to establish this team in 18 metropolitan and provincial police agencies, including the Seoul Metropolitan Police Agency, within this month. The team will be composed of 4 to 6 investigators and will track and investigate not only the suspects but also the money trails of criminal proceeds. The police will also actively utilize financial transaction information and implement a system to quickly respond to voice phishing crimes. The police aim to achieve a 30% reduction in voice phishing damages this year compared to last year. In 2022, the number of voice phishing cases reported to the police was 1,266, with damages amounting to 35.8 billion KRW. The police expect that the establishment of the tracking investigation team will help minimize damage from voice phishing and other crimes. The police plan to continuously work on strengthening their response to voice phishing and other crimes.

·hani.co.kr

LF Networks was fined 400 million won... promotional costs were passed on to suppliers. LF Networks, a major domestic clothing company, was fined 400 million won by the Fair Trade Commission for passing on promotional costs to its suppliers. On the 22nd, the Fair Trade Commission announced that it had imposed a correction order and a fine of 400 million won on LF Networks for violating the unfair trade practices of large retailers. According to the Fair Trade Commission, LF Networks, which operates the popular clothing brands 'Tanto,' 'NINE WEST,' and 'RECIPE,' signed a contract with suppliers to pay for advertising and promotional expenses, but in reality, it passed on the costs to its suppliers. Between January 2019 and June 2021, LF Networks collected a total of 1.43 billion won in advertising and promotional expenses from 35 suppliers and used them for its own promotional activities. In particular, LF Networks not only collected advertising and promotional expenses from suppliers but also unilaterally decided on the details of the promotional activities, such as the timing and method of advertising, and the selection of promotional items. The Fair Trade Commission criticized LF Networks, saying that it abused its superior position to harm the interests of its suppliers. An official from the Fair Trade Commission said, "Large retailers should bear the costs of promotional activities themselves, and we will continue to crack down on unfair trade practices that harm suppliers."

·hani.co.kr

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