KUALA LUMPUR, March 17 (Bernama) -- Bursa Malaysia rebounded after two days of losses to close higher on Tuesday, driven by bargain-hunting activities and in line with the upbeat regional market performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 14.43 points or 0.85 per cent to 1,710.99 from yesterday’s close of 1,696.56. The market bellwether opened 6.60 points higher at 1,703.16, and fluctuated between 1,701.19 and 1,713.25 throughout the day. Market breadth was positive with gainers outpacing losers 682 to 432. A total of 454 counters were unchanged, 1,153 untraded, and 21 suspended. Turnover improved to 2.82 billion units worth RM2.76 billion from yesterday’s 2.38 billion units worth RM2.56 billion.
Singapore and Japan have deepened bilateral cooperation in clean energy and climate initiatives after signing a new Energy, Sustainability, and Climate Change Cooperation Framework, signaling stronger collaboration in the transition toward a low-carbon energy future.
The agreement, signed on 15 March, brings together Singapore’s Ministry of Trade and Industry (MTI) and Japan’s Ministry of Economy, Trade and Industry (METI) to accelerate cooperation across several emerging energy technologies.
Focus on Low-Carbon Energy Technologies
The framework targets key sectors critical to energy transition and climate resilience.
Both governments will collaborate on initiatives involving low-carbon hydrogen and ammonia, carbon capture, utilisation and storage (CCUS), and civil nuclear energy. The agreement also includes cooperation in liquefied natural gas (LNG), advanced power grid systems, offshore wind energy, and cross-border electricity imports.
These areas are seen as essential to strengthening regional energy security while reducing carbon emissions, particularly as Asia increases investment in clean energy infrastructure.
Policy, Investment, and Technology Collaboration
Beyond technology development, the pact also promotes policy exchanges and regulatory cooperation.
The two countries plan to facilitate business partnerships, financial cooperation, and mutual recognition of standards, which could streamline cross-border projects and reduce barriers for companies operating in the clean energy ecosystem.
Authorities also aim to encourage industry players and financial institutions to invest in low-carbon energy projects, supporting the growth of new supply chains and innovation across the region.
Strengthening Regional Energy Transition
The agreement was signed by Tan See Leng, Singapore’s Minister-in-charge of Energy and Science & Technology, and Akazawa Ryosei, Japan’s Minister of Economy, Trade and Industry.
The partnership reflects increasing regional cooperation in energy transition, particularly as countries balance energy security, climate commitments, and rising power demand.
For Singapore, which relies heavily on energy imports, partnerships such as this help diversify energy sources and advance its long-term decarbonisation strategy.
Investor Takeaways
Singapore and Japan signed a new framework to strengthen cooperation in clean energy and climate technologies.
Key focus areas include hydrogen, ammonia, carbon capture, civil nuclear energy, LNG, offshore wind, and advanced power grids.
The pact encourages investment, policy coordination, and cross-border collaboration in low-carbon energy projects.
The partnership supports regional energy security and decarbonisation efforts, creating potential opportunities across the clean energy supply chain.
Companies involved in energy infrastructure, hydrogen technology, and carbon capture solutions may benefit from increased regional cooperation.
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