On 1 July 2024, ‘A Working Lunch with Nordin’ was held in person in Alor Setar, Kedah, featuring a special guest, Datuk Ravindran K., President of UMW Toyota Motor Sdn Bhd (UMWT). Led by the founding chairman of Malaysia Global Business Forum (MGBF) Nordin Abdullah, this lunch talk will delve into “Fuel Subsidy Rationalisation and the Importance of the Multi-Pathway Approach”.
In light of the recent diesel subsidy announcement by the Malaysian government, the luncheon offered timely insights and fostered meaningful dialogue on how these changes can be leveraged to support national interests and sustainable development goals (SDGs).
UMWT is uniquely positioned to address the diverse challenges and opportunities of decarbonisation. As a globally linked organisation, UMWT champions a multi-pathway approach and implements life-cycle actions that align with each country’s national interest and SDGs.
Toyota’s multi-pathway “Beyond Zero” concept showcases the need for a diverse approach to various electrified technologies, including Hybrid Electric Vehicles, Battery Electric Vehicles, and Fuel Cell Electric Vehicles. These technologies are envisaged to positively impact the sustainability and design elements of the state of Kedah, aimed at reducing the environmental impact in urban and industrial mobility. The Kedah Development Plan 2035 represents opportunities for strategic collaboration.
Critical questions addressed at the lunch talk were:
- What is a multi-pathway approach? How will this positively impact Kedah?
- How does the multi-pathway approach fit in the context of subsidy rationalisation, and how can it improve current government subsidy programmes?
- Why should Malaysia use a multi-pathway approach to achieve net zero?
- Can Malaysia achieve net zero before 2050? Is there more than one technology for this?
- What role will the automotive sector play in achieving the SDGs and net zero?
- How has UMWT created leadership in this field, and will the current levels of investment help achieve net zero?
This episode of ‘A Working Lunch with Nordin’ was an exceptional opportunity to gain first-hand insights from Toyota who is on the forefront of automotive innovation and environmental sustainability.
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Upcoming Events
‘A WORKING LUNCH WITH NORDIN’: NATIONWIDE TOUR WITH TOYOTA
MGBF founding chairman Nordin Abdullah and UMW Toyota president Datuk Ravindran K. will delve into the convergence of automotive innovation and environmental sustainability in Penang, Sarawak, Johor and Pahang.
MGBF Roundtable: Digitalisation of the Food and Beverage Industry
Hosted by menumiz™ – an end-to-end restaurant management system – this roundtable will feature a case study presentation and a panel session to discuss the latest digital trends, challenges, and opportunities within the food and beverage sector.
THE SOUTH CHINA SEA: A THREAT OF DISRUPTION FOR BUSINESS?
In this episode of 'A Working Lunch with Nordin', MGBF's founding chairman, Nordin Abdullah, will host this discussion focusing on the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
FOOD SECURITY IN THE BREACH: INDUSTRIALISATION AND WEAPONISATION
This MGBF Roundtable will focus on regional food security issues and trends in the regional supply chain, and trade regulations and policies, including a new geopolitical tool i.e., weaponisation of supply chains.
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