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Meralco cuts power rates in August

The Manila Electric Co. (Meralco) implemented another reduction in rates for the second consecutive month in August, with the electricity bill of a typical household to become cheaper by P0.2087 to P9.5458 per kilowatt-hour (kWh).

Fighting Thailand’s energy price wars

State energy subsidies have assumed a prominent role in the Thai economy since the start of the Russia-Ukraine war in February.

DBP bankrolls P2.6-B Ifugao mini hydro project

The Development Bank of the Philippines (DBP) is funding Kiangan Mini Hydro Corporation (KMHC)’s P2.6-billion consolidation of three river systems iThe Development Bank of the Philippines (DBP) is funding Kiangan Mini Hydro Corporation (KMHC)’s P2.6-billion consolidation of three river systems into two renewable power projects in Ifugao.nto two renewable power projects in Ifugao.

Indonesia: Funding platform set up for renewable energy projects

Jakarta (VNA) – Indonesia has created a funding platform for its renewable energy projects, including a pioneering programme to retire coal-fired power plants, and appointed state-owned financing firm PT Sarana Multi Infrastruktur (SMI) to manage the funds.

Indonesia considering scrapping domestic sales rule for palm oil exports

INDONESIA’S Trade Minister said on Friday (Jul 22) his ministry was considering removing a domestic sales requirement for palm oil exports since high inventories of the vegetable oil were preventing a recovery of palm oil fruit prices.

EU welcomes collaboration with Malaysia in digital banking development

KUALA LUMPUR: The European Union (EU) is open to a strategic collaboration with Malaysia in the development of digital banking initiatives in an effort to enhance the interconnectivity between the two parties.

Soaring rents and electricity prices are squeezing Singapore retailers’ margins

Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar, the Singapore Retailers Association said.

Singapore to release S$1.5b support package as energy prices stay high

SINGAPORE is committing S$1.5 billion on inflation relief for businesses and households, as global prices climb faster than earlier projected and are likely to stay high. The support package, announced by Deputy Prime Minister Lawrence Wong on Tuesday (Jun 21), will be funded from Singapore’s better-than-expected fiscal position in FY2021, the Ministry of Finance (MOF) has […]

Singapore, China ink MOUs to deepen cooperation in green and digital economies

China and Singapore have strengthened bilateral relations after the two countries announced collaborations to promote the green economy and enhance cooperation and exchanges in the digital economy. On Monday (June 13), Singapore Minister for Trade and Industry Gan Kim Yong and China Minister of Commerce Wang Wentao signed two memoranda of understanding (MOUs) on the sidelines […]

Indonesia to raise electricity tariffs for some customers: official

The tariff hike would affect only middle- to upper-income households, as well as government buildings, and was expected to raise Indonesia’s 2022 inflation rate by 0.019 percentage points, Rida said.  Indonesian state power utility Perusahaan Listrik Negara (PLN) will impose big hikes in some electricity tariffs for the first time in five years, as rising global energy prices squeeze […]