Measures to secure Singapore’s energy supply extended until end-March 2023 amid protracted global volatility
Measures put in place to enhance Singapore’s energy security and resilience will be further extended until the end of March next year, amid protracted volatility in the global energy market and the conflict in Ukraine, said the Energy Market Authority (EMA) on Thursday (Jun 16). The measures were previously extended until Jun 30.
Minister Hartarto discusses handling of global crisis with UNESCAP
Coordinating Minister for Economic Affairs Airlangga Hartarto discussed the handling of global crisis at a virtual meeting with the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) Executive Secretary Armida S. Alisjahbana.
Myanmar public urges gas sanctions to stop military funding
The young woman in Myanmar decided to speak out when she realized that money from the company she loved was now in the hands of the military leaders she hated. She and her parents had long worked for Total Energies, the French company that operates a lucrative gas field off the coast of southern Myanmar […]
PH policymakers brace for economic oil shock
The incoming presidential administration is bracing for the impact of an oil price shock caused by a surge in demand as economies around the world reopen over two years after the start of the pandemic, aggravated by Russia’s invasion of Ukraine.
PM calls for digital economy co-op among emerging states
Prime Minister Hun Sen has called on the leaders of emerging economies to increase cooperation in developing the digital economy, saying it is warranted to meet their development needs.
Proactive Malaysia can ensure energy security, attract foreign investments
PETALING JAYA: With Indonesia and Thailand setting a plan of achieving net zero emissions in 2060 and 2070, respectively, Malaysia’s ambitious goal to be carbon neutral ahead of its Asean peers by 2050 is approaching relatively quickly.
Probe on power outages in Peninsular Malaysia remains ongoing
Tenaga Nasional Bhd (TNB) said the probe on massive power outages affecting several states in Peninsular Malaysia is expected to be completed within a month.
S’pore electricity tariffs to rise by about 8% for Q3 amid global oil, gas crunch
About half the households in Singapore will pay higher electricity bills for the next three months, with the electricity tariff for the next quarter going up by about 8 per cent compared with the previous quarter.
Singapore energy regulator freezes new entrants, mulls rules to minimise power retailer failures
SINGAPORE’s energy market regulator is mulling tightening licensing conditions for electricity retailers that may require players to raise their physical hedging and capital positions and possibly even, provide performance bonds, after last year’s staggering spikes in spot electricity prices drove nearly half a dozen of them to close shop.
Singapore Gets 20 Proposals for Low-Carbon Power From Its Neighbors
Singapore received 20 proposals to supply it with low-carbon electricity from overseas in what could be a test case for the ability of small countries to access green power. The Energy Market Authority got bids for supply from Indonesia, Malaysia, Thailand and Laos in response to a tender that sought 1.2 gigawatts of lower-carbon electricity […]