Malaysia’s state-owned oil company is banking on the Americas to help raise reserves and maintain production rates as wells in its Southeast Asian home market continue their natural declines. Petroliam Nasional Bhd., known as Petronas, will allocate a larger share of its future capital expenditure toward projects stretching from Canada to Brazil as oil prices […]

Prime Minister Hun Sen and his delegation left the Kingdom yesterday to attend the Belt and Road Forum in Beijing where a number of assistance agreements are expected to be signed. Mr Hun Sen was invited to attend the second Belt and Road Forum by Chinese President Xi Jinping. He is accompanied by deputy prime […]

JAKARTA — Citizens of countries participating in China’s Belt and Road Initiative, or BRI, strongly prefer clean energy over the coal projects that have become Beijing’s calling card, a new survey shows. The findings, from a multi-country survey, commissioned by environmental group E3G, were published ahead of an international forum hosted in Beijing for leaders […]

posted April 21, 2019 at 07:55 pm by  Alena Mae S. Flores Mondelez Philippines, the local unit of global snack manufacturer Mondelēz International Inc., tapped geothermal producer Energy Development Corp. to supply power to the former’s manufacturing plant in Sucat, Parañaque City. Under the agreement, EDC will supply 100-percent geothermal energy to Mondelez from the 150-megawatt Bacon-Manito […]

Dhaka and Bandar Seri Begawan yesterday signed seven instruments to step up cooperation in the fields of agriculture, fisheries, livestock, culture, sports and LNG supply. The deals were signed after an official bilateral meeting between Prime Minister Sheikh Hasina and Brunei Sultan Hassanal Bolkiah at the latter’s official residence here. The ministers concerned of the […]

President Xi Jinping’s announcement of the Belt and Road Initiative (BRI) in 2013 was widely welcomed by many Asian countries. Studies suggest that there is a significant need of infrastructure development across Asia, including Southeast Asia. According to the ADB Report in 2017, Asia needs at least $8.2 trillion in financing infrastructure investment from 2010 […]

Envision & Thai Energy Giant sign MOU to collaborate on new energy and digital transformation Envision signed MOU with PTT Public Company Ltd to collaborate on multiple initiatives revolving around new energy and digital transformation. Headquartered in Bangkok, PTT is the largest conglomerate in Thailand, a fully integrated energy company which engages in oil and […]

Prime Minister Hun Sen has told  Fresh News that Vietnamese Prime Minister Nguyen Xuan Phuc has decided to provide the additional of 50MW of electricity on top of 200MW supply to Cambodia. The Premier added that the Vietnamese Prime Minister conveyed best regards to Cambodian King, the President of the Senate, the President of the […]

A two-day meeting of 21st Asean-India Senior Officials concluded here on Friday after they discussed ways to impart impetus to connectivity and deepen cooperation on financial matters. The meeting was co-chaired by Vijay Thakur Singh, Senior Officials’ Meeting Leader (SOM) and Secretary (East) in the External Affairs Ministry and Busaya Mathelin, SOM Leader and Permanent […]

KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed its corporate credit rating on Tenaga Nasional Bhdimage: https://cdn.thestar.com.my/Themes/img/chart.png (TNB) at AAA and its sukuk rating on the power giant’s RM2bil Al-Bai’ Bithaman Ajil Bonds at AAAIS. It said on Friday the ratings outlook was stable. TNB’s ratings benefit from a two-notch uplift to reflect MARC’s assessment […]