MOSCOW (UrduPoint News / Sputnik – 13th November, 2019) The Philippines hopes for Russian investments in its energy sector, as well as supplies of fuel from Russia at competitive prices to the benefit of the Southeast Asian nation’s consumers, Ann K. Hofer, the chairwoman of the Philippine House of Representatives’ foreign affairs committee, said on […]

Sustainable investing is going mainstream in ASEAN with more than half of the private equity deals in the region now backing business models that contribute to environmental and social progress. Sustainable investing – also known as responsible investing or impact investing – is catching on globally as companies increasingly realise that they do not have […]

KUCHING: Chief Minister Datuk Patinggi Abang Johari Tun Openg has defended the state’s hydrogen economy initiatives during the State Legislative Assembly (DUN) sitting today. Speaking during his ministerial winding up speech, Abang Johari said the Gabungan Parti Sarawak (GPS) government has taken bold steps to promote clean energy industry by exploring the hydrogen economy, diversifying […]

SINGAPORE – Even though Singapore accounts for only a tiny fraction of global emissions, it aims to use “green financing”, technology and innovation to help mobilise the fight against “the ultimate challenge for humankind” of climate change, Education Minister Ong Ye Kung said on Monday (Nov 11). Mr Ong, who is also a board member […]

SINGAPORE’s quest to become a global green finance hub just got a US$2 billion speed boost with the launch of an investment programme to support the growth of climate-friendly projects. Known as the Green Investments Programme (GIP), the new initiative by the Monetary Authority of Singapore (MAS) will channel funds to asset managers who are […]

SINGAPORE – Media OutReach – 8 November 2019 – Singapore-based WEnergy Global Pte Ltd, a developer and operator of renewable power plants in Asean, said a group comprising its venture partners will fund US$20 million in equity into four new energy projects in the Philippines. These renewable energy plants will come onstream within two years.   The new […]

American industrial giant General Electric (GE) will invest up to US$60 million (S$81.4 million) to develop its gas turbine repair capabilities here. The investment will be channelled into a new repair engineering and development centre for high-efficiency, air-cooled gas turbines over the next 10 years and is expected to add 160 advanced manufacturing jobs. GE’s […]

The Asian Development Bank has signed an agreement with the World Economic Forum to accelerate the funding of sustainable infrastructure development projects in Southeast Asia. ADB and WEF will accelerate the flow of private and public finance through the Association of Southeast Asian Nations (ASEAN). Read more about sustainability here ASEAN is owned by the […]

The new IEA Southeast Asia Energy Outlook 2019 (SEAO) provides a comprehensive overview of energy prospects in an increasingly influential region for global energy trends. Alongside the scenario projections and analysis, the report contains three “deep dives” – on the future of cooling, on regional electricity trade and renewables integration, and on investment – that reflect priorities […]

AC Energy Philippines Inc. (ACEPH), formerly Phinma Energy Corp., is moving to beef up its portfolio with a plan to purchase Axia Power Holdings Philippines Inc.’s 20-percent stake in South Luzon Thermal Energy Corp. (SLTEC). AC Energy Inc., the parent firm of ACEPH, told the Philippine Stock Exchange that a deed of assignment was signed Tuesday, […]