Govt sector to cut energy consumption by 20%
The cabinet on Tuesday resolved that government organisations will cut their electricity and oil consumption by 20% from April to September.
KAB bags power purchase agreements worth RM46.8mil in Thailand
KUALA LUMPUR: Kejuruteraan Asastera Bhd (KAB) has secured five rooftop solar power generating system construction and power purchase agreements worth RM46.8mil in Thailand.
Govt to ramp up fuel price subsidies, cut taxes, suspend debt
Following weeks of protests against rising fuel and living costs, the government has announced a 10-point plan to alleviate the impact of increases in the cost of fuel arising from Russia’s invasion of Ukraine, and will also suspend half of farmers’ multimillion baht debt repayments.
Philippines: Php11.45 rollback in diesel prices, Php5.45 for petrol
Manila: At the stroke of midnight on Tuesday (March 22, 2022) fuel retailers are set to reduce prices of petroleum products, offering a relief for Filipino consumers following 11 straight weekly price increases at the pump.
Fuel price drop next week seen as temporary
MANILA, Philippines — The large drop in local fuel prices expected next week may not be sustainable as the International Energy Agency (IEA) warned that the global oil supply would suffer a major cut once Russia’s petroleum stops reaching the market due to sanctions over its invasion of Ukraine.
Plan aims for 50% renewable by 2050
The government looks set to create a new national power development plan to increase the proportion of renewable energy used to generate electricity to 50% of all energy types by 2050.
Palm oil slips over 2% on higher production outlook
March 17, 2022: Malaysian palm oil futures fell more than 2% on Thursday, tracking losses in rival Dalian oils, as traders weighed an industry group’s forecast of a surge in early-March production.
More relief due from energy prices
More measures aimed at relieving the impact of rising energy prices are expected to be announced by state agencies this week as the 1.5-trillion-baht fund for Covid-19 relief schemes is running low.
B.Grimm hails first private import of LNG
B.Grimm Power Plc (BGRIM) has become the first private company to procure liquefied natural gas (LNG) for Thailand, following an agreement with national oil and gas conglomerate PTT Plc to use its LNG receiving and regasification facility in Rayong.
New subsidies to relieve cooking gas, benzene expenses hit snag
On Monday, Finance Minister Arkhom Termpittayapaisith said the ministry is considering which budget to use to raise the cooking gas subsidy from Bt45 to Bt100 for state welfare cardholders.