Although Prime Minister Prayut Chan-o-cha announced Thailand’s commitment to the United Nations Guiding Principles on Business and Human Rights (UNGPs) in 2017, outbound investment remains a largely unregulated sector. Thai firms are significant investors in ASEAN countries, and Thailand’s foreign direct investment (FDI) in the region stood at US$2.37 billion in 2017 – behind only […]

The energy investment arm of the Ayala group has sealed agreements to buy out the shareholdings of foreign partners in its coal-fired power facility in Batangas; and its wind farm power venture in Ilocos Norte. In a disclosure to the Philippine Stock Exchange (PSE), AC Energy, Inc. indicated that it will be exercising its “right […]

SINGAPORE – The World Bank Group is anticipating that financing flow in energy projects will be largely dominated by new projects in the liquefied natural gas (LNG) and renewable energy (RE) sectors in the near- to longer-term investment horizons. “LNG will remain to have a lot of space in energy financing as gas demand increases […]

Mainboard-listed ISDN Holdings has taken a 33 per cent stake in a joint venture that will build an 80MW hydroelectric power plant in Cambodia. The industrial automation firm will inject US$500,000 (S$679,000) as equity into the joint venture and another US$2.5 million as a shareholder loan representing the expected sum for the project’s initial development […]

KUALA LUMPUR: The process of due diligence on Sabah Electricity Sdn Bhd (SESB) has been completed, the Dewan Rakyat was told today. Energy, Science, Technology, Environment and Climate Change (Mestecc) Minister Yeo Bee Yin said the Cabinet has approved the ownership of SESB to be handed to the state government. “I discussed the matter with […]

NDO – As part of the strategy of sustainable national development, prioritizing capital sources for customers, who are investing in green production, environment-friendly production and renewable energy (RE) sectors is extremely important. According to Simon James, Climate Change and Energy Adviser at the World Wildlife Fund (WWF) in Vietnam, in order to meet electricity demands, […]

SINGAPORE — French energy giant Schneider Electric will invest at least S$16 million over the next four years to develop up to four Singapore-based companies that tackle climate change through technological innovation, it said on Wednesday (Oct 30). The programme is part of a memorandum of understanding that was signed between Schneider Electric and the […]

Singapore’s Temasek Holdings made a $2.9 billion offer for majority control of Keppel Corp. , and the sovereign-wealth fund plans to merge the shipyard with rival Sembcorp Marine Ltd. in response to consolidation in the ship construction sector in South Korea and China, people familiar with the matter said. The move would mark the biggest action in the maritime business for […]

SINGAPORE’S Temasek Holdings is considering setting up a new unit to house renewable power projects as it increasingly eyes energy investments outside of fossil fuels. While the S$313 billion state investor remains open to looking at coal and oil deals, the rising volatility of commodity prices combined with society’s shift toward sustainability means it’s not […]

SINGAPORE (Reuters) – Singapore-based Asia Pacific Exchange (APEX) will launch a low-sulfur fuel oil (LSFO) futures contract on Friday aimed at helping shipping and energy firms manage price fluctuations as stricter global marine fuel rules kick in from 2020, it said. New International Maritime Organization (IMO) regulations cutting the allowed sulfur content in shipping fuel […]