Brace for new wave of oil price hikes
For the second round this January, Filipino consumers will need to shell out higher budgets for their fuel consumption next week as pump prices are anticipated to go up again, based on the initial calculation of the oil companies.
Britain seeks to intensify dialogue with Cambodia
As the post-Brexit UK charts an independent course in international trade relations, Great Britain and Cambodia have maintained strong ties. Khmer Times’ reporter Jason Boken speaks to Tina Redshaw, the British ambassador to the Kingdom, on climate change, education, trade and future developments between the two nations.
BSP invests $200 M more in ‘green’ bonds
The Bangko Sentral ng Pilipinas (BSP) invested an additional $200 million in green bonds, bringing to $350 million the total so far, and this is now part of the country’s $98 billion gross international reserves (GIR). BSP Governor Benjamin E. Diokno said the investment in the Bank for International Settlements (BIS) open-ended fund will enhance the […]
Budget 2020: Green tax exemptions extended to 2023
PETALING JAYA: Malaysia’s renewable energy policies got a further boost in Budget 2020 with the Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE) receiving an extension to year 2023. Finance Minister Lim Guan Eng announced the green tax measures to help the nation achieve its target of 20% renewable energy mix by […]
Budget 2020: Putrajaya to replace PPA mechanism with open market system
KUALA LUMPUR, Oct 11 — The federal government will replace the Power Purchase Agreement (PPA) mechanism to an open market system. In tabling the Supply Bill (Budget) 2020 in Parliament today, Finance Minister Lim Guan Eng said this would enable renewable energy suppliers to compete directly in the retail market. “As part of the liberalisation […]
Budget 2021 committed to advancing green economy agenda’
BANGI: The 2021 Budget reflects the government’s commitment to spurring the green economy agenda amidst the Covid 19 pandemic, said the Malaysian Green Technology and Climate Change Centre (MGTC).
Building a Solar Powerhouse
We welcome a recently released Energy and Mineral Resources Ministry regulation on net power metering, which allows residential customers to fully credit the power produced by their roof-top solar energy system to their electricity bill to the state electricity monopoly (PLN).
Business risk and COVID-19 are pushing Asian financiers away from coal
The use of coal as an energy source is steadily declining in the U.S. and Europe, but coal mining and the construction of coal-fired power plants continues across South and Southeast Asia. The technology and funding comes primarily from three countries — South Korea, Japan, and China — and is destined to nations including Indonesia, Vietnam, […]
Cabinet accepts B200bn in energy schemes
The cabinet on Tuesday acknowledged the Energy Ministry’s plan to accelerate investment in energy projects worth more than 200 billion baht, starting later this year, in a collective move to help reboot the economy. According to Rachada Dhnadirek, deputy government spokeswoman, the Energy Ministry has pledged to rev up spending on large-scale energy projects and renewable […]
Call for more power investments to meet province’s demand
Banteay Meanchey administration said the province boasts potential investment activities which need more power to meet local demand as it aims to reduce the energy imports from its neighbour Thailand in the northwest. The province needs a capacity of 100 megawatts (mW) to supply domestic needs and has four special economic zones and a small-scale […]