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 […]
Thailand extends measures to tackle high oil prices, help tourism
Thailand’s cabinet on Tuesday extended measures to support energy prices and tourism, and approved plans to seek a contribution from refineries to boost the country’s depleted oil fund. The measures came as Thai headline inflation hit a near 14-year high of 7.1 per cent in May, driven by rising oil prices.
Indonesia to Impose Carbon Tax on Coal Power Plants Starting July: Airlangga
Coordinating Minister for the Economy Airlangga Hartarto said Indonesia planned to impose a cap and trade tax and offset or carbon tax on coal-fired power plants starting July 2022. Coal-fired power plants operating inefficiently and producing emissions higher than the upper cap will be subject to additional costs.
Thailand govt steps up inflation fight with subsidies and price caps
Thailand is stepping up its battle against inflation by extending price caps on dozens of essential goods for another year and channeling a share of profit from oil refiners to fund energy subsidies for an extended period. The government will continue controlling prices of more than four dozen essential goods and services such as rice, […]
Jokowi calls on Steinmeier to develop renewable energy potential
President Joko Widodo (Jokowi) invited the German Federation to participate in developing the potential of new and renewable energy in Indonesia. “I laud Germany’s support in strengthening climate change cooperation through the construction of the Green Infrastructure Initiative worth 2.5 billion euros, including the construction of the world mangrove center, which was just inaugurated a […]
Energy sector cited as key engine in Brunei’s economic growth
The ‘Energy Security and Energy Transition: Today and Tomorrow’ exhibition was officially launched on Wednesday (June 15), as part of a series of events for the Energy Week in conjunction with the Brunei Mid-Year Conference and Exhibition 2022 (Brunei MYCE) at the International Conference Centre (ICC) in Berakas.
Cambodia, Germany sign $32M rural energy loan deal
The Cambodian and German governments have signed a €30 million ($32 million) cooperation financing agreement for the Energy Efficiency in Rural Power Supply II Project, which aims to increase access to electricity in rural parts of Siem Reap province.
Malaysia’s Petronas to trade some Canadian, US LNG in spot market
Malaysia’s state energy firm Petronas plans to reserve some liquefied natural gas (LNG) from its share of a joint venture in Canada to trade in the spot market, a senior executive said.
From Singapore to Malaysia and Philippines, Asean’s interest in Biden’s IPEF a signal to China it wants better ‘balance of power’ in region
After Trump withdrew the US from the TPP, Washington’s economic disengagement from the region had enabled China to ‘grow its economic footprint in Asia unhindered’
Brunei’s Ministry of Energy abolished under Sultan Hassanal Bolkiah’s order
Brunei’s Sultan Hassanal Bolkiah gave an order to abolish the South-East Asian country’s Ministry of Energy, local media had reported. According to an official announcement on Radio Television Brunei, the country’s national public broadcaster and local daily newspaper Borneo Bulletin, the Sultan has commanded the abolishment of the Ministry of Energy and the formation of the […]