In addition, coal will be the main source of fuel—at 53%, from 45% in 2014—in peninsular Malaysia by 2017, says the rating agency.
This shift will further reduce costs for utilities and support the lower electricity tariff in the longer term.
Inside ASEAN also examines sukuk volumes in Malaysia that are driven by corporate and sovereign refinancing, and discusses how Indonesia's Islamic finance roadmap will help drive both the bank consolidation and sukuk market growth.