Koon Yew Yin's Blog

Malaysia can be one of the richest nations in the world - Koon Yew Yin

Koon Yew Yin
Publish date: Sat, 23 Mar 2024, 03:46 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.

I am 91 years old and I have been doing business for more than 60 years. I was a co-founder of Mudajaya, Gamuda, IJM Corporation, IGB etc.

As a businessman, I can foresee many things that politicians cannot see. Currently, I can foresee an opportunity which I can teach our Prime Minister Dato Seri Anwar Ibrahim to make Malaysia one of the richest nations in the world.

This achievement will ensure our Unity Government win in the next general election. 

Currently coal is the main source of electricity generated in Malaysia, with 76.4 terawatt-hours of electricity produced from coal. The second biggest source of electricity in the country was natural gas, with 68.4 terawatt hours of electricity produced in the same year.

That is why our electricity rate of Rm 76 for 100 kilowatt-hour which is more than double of that in China.

Why our Minister for Energy does not know that solar panel produces the cheapest electricity???

The milestone for solar panels producing the cheapest electricity was confirmed by the International Energy Agency (IEA) in their World Energy Outlook 2020. They reported that the world’s best solar power schemes now offer the “cheapest…electricity in history,” making solar power cheaper than coal and gas in most major countries. This was announced around October 13, 20201. The significant reduction in cost is attributed to improvements in technology and increased economies of scale as more solar panels are installed worldwide.

The chart below shows solar panel price has been dropping in the last 50 years. Moreover, the current solar panel is more efficient in capturing sunlight for conversion to electricity.

Malaysia has free sunshine every day and it should take advantage of the cheap solar panel to produce the cheapest electricity to benefit all Malaysian consumers by reducing electricity rate.

Our Prime Minister Anwar should invite many open competitive tenders for each state for electricity supply by solar panels to save money. Each state must identify cheap land, mangrove swamp or jungles or lake to place solar panels.

Malaysia is the second–largest oil and natural gas producer in Southeast Asia and is the fifth–largest exporter of liquefied natural gas (LNG) in the world, as of 2019. It is strategically located on important routes for seaborne energy trade.

In 2023, the annual sales value of manufactured refined petroleum products in Malaysia was worth approximately 224.7 billion Malaysian ringgit.

After Malaysia uses solar panels to produce supply electricity, Malaysia can save more than Rm 224.7 billion annually from refined petroleum export. In addition, Malaysia can save money from using solar panels to produce the cheapest electricity; instead of using coal and petroleum which Malaysia are currently using.

All these savings will make Malaysia to be one the richest countries in the world and should be classified as a Developed Nation.

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Discussions
3 people like this. Showing 20 of 20 comments

ks55

Please don't tell me you pay 76 sen per kilo watt hour.

2 months ago

ks55

At this rate, all steel mills and cement plants go bankrupt.
All hyperscale Data Centres will move to India.
All Malaysian condo will not have functioning lifts.
All shopping malls operate with air-con...........

2 months ago

Sslee

Then why jaks LSS4 is till lose making for the last 2 quarters?

2 months ago

EngineeringProfit

Never will. The impoverished collective mindset and low quality of the majority in any nation would serve as barriers preventing it from ascending to the ranks of the world's wealthiest

2 months ago

MrFox

u can't produce more land on earth.

can laj!!
must thk our of the box!!!
in a sense more land created when when value of land increases!!!!
haha

2 months ago

EngineeringProfit

Filling and reclamation can significantly expand living space to the sea, allowing for the development of new coastal cities, industrial zones, recreational areas, and infrastructure projects. However, these projects must be carefully planned, executed, and managed to balance human needs with environmental conservation and sustainability.

2 months ago

speakup

So KYY what share to buy?

2 months ago

Income

In 2023, the annual sales value of manufactured refined petroleum products in Malaysia was worth approximately 224.7 billion Malaysian ringgit.

Uncle is saying Msia sells all the petroleum products and we don’t use any of them??? Fake news la.

2 months ago

Income

speakup
So KYY what share to buy?
23/03/2024 11:07 PM

U do not know meh 🫤
All bright ambient, u still need torch 🔦 light??? Omg

2 months ago

BurungPipit

@speakup:

😂😂😂 Go right outside now. Look up where the sky is the most shining and the brightest. That is your answer.
Or alternately, click on the Blog heading. Will also spelled out loudly the answer to your question. 🤣🤣🤣

2 months ago

BLee

“Income >
In 2023, the annual sales value.. approximately 224.7 billion..

Uncle is saying Msia sells all the petroleum products and we don’t use any of them??? Fake news la.”

It is annual sales, not annual export. So it is up to the individual to digest the info.
Also, there are pros and cons of solar power generation; up to individuals to do their own read up..
Happy Trading and TradeAtYourOwnRisk for the coming week.

2 months ago

SSLIMuuuv

The teacher shared it very well

2 months ago

speakup

what is the point of this article? KYY what share are u actually telling us buy?

2 months ago

beinvested

1 moment the LORD can harden one's heart and at another moment He can soften the same person's hearts...

Exodus 7
New International Version -

7 Then the Lord said to Moses, “See, I have made you like God to Pharaoh, and your brother Aaron will be your prophet. 2 You are to say everything I command you, and your brother Aaron is to tell Pharaoh to let the Israelites go out of his country. 3 But I will harden Pharaoh’s heart, and though I multiply my signs and wonders in Egypt, 4 he will not listen to you. Then I will lay my hand on Egypt and with mighty acts of judgment I will bring out my divisions, my people the Israelites. 5 And the Egyptians will know that I am the Lord when I stretch out my hand against Egypt and bring the Israelites out of it.”

2 months ago

beinvested

The night they were to rush out from Egypt, the heart of Pharoah was soften and the peoples let the followers of Moses to collect and to carry along for the long journey heading to....enough clothing, gold, etc, for the exodus. The Lord is in control.

2 months ago

edcheong

Thanks KKY, always appreciate your valuable opinions. Hope you will also recommend some solar related counters. At least we can be rich together.

2 months ago

Callmejholow

which counter u pushing this time?

2 months ago

beinvested

The currency for Egypt had shot up from 30 to almost 50 for each USD within this month. There was Turkey.

The destruction of Egyptians was from that night. They were judged by the LORD.
The Egyptians of Pharaoh were all destroyed/gone.

The current peoples in Egypt are of different peoples.

2 months ago

5354_

KYY not promote KSL? Solar counters KYY no promote?

2 months ago

rob8ry24

granpa con yewyin bs again

2 months ago

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