Terra, blockchain payment network that offers a price-stable cryptocurrency, has marked its expansion to Singapore with the appointment of Rahul Abrol –Uber’s former APAC Head of Strategy– as Head of International and Strategy. The new venture in Singapore will be its Southeast Asia hub; it will also hire locals to drive localisation. It plans to […]

Battery EVs were available for booking at the Thailand Motor Show, but BNEF said personal EVs are not yet affordable in Southeast Asia. (Photo by Wichan Charoenkiatpakul) Bloomberg New Energy Finance (BNEF) forecasts prices of electric vehicles (EVs) such as cars, motorcycles and commercial vehicles remain unaffordable for individual buyers in Southeast Asia, including Thailand. […]

BMW will assemble battery packs in Thailand, too. In the case of BMW Group, the primary battery pack production site is in Dingolfing, Germany, but step-by-step the company is launching also other smaller sites around the world to localize battery assembly. There is already a BMW battery facility in Spartanburg, U.S. as well as in Shenyang, […]

Brunei will be introducing a fuel economy regulation to reduce the country’s carbon dioxide emissions and fuel subsidies. Minister of Energy, Manpower and Industry Hj Mat Suny said they will work with the Ministry of Transport and Infocommunications to come out with the regulation that is expected to be launched in 2023. “It will be […]

PetroVietnam Drilling & Well Service Corporation (PV Drilling) has entered into a Contract for Provision of Heavy Tender Assist Semi-Submersible Drilling Unit PV DRILLING V with Brunei Shell Petroleum Company SDN BHD (BSP). The contract has the duration of six years, plus two (2) times of two (2) year extension with commencement date of 01st […]

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell1 for $300 million. The transaction is subject to approval by the competent authorities and is expected to […]

In a blow to any hopes Cambodia may have had of mimicking the manufacturing and industrialisation might of Thailand or Vietnam, the head of the country’s electricity authority on Thursday (Aug 8) said that the cost of electricity in Cambodia will “never be as cheap” as in neighbouring countries. Electricite Du Cambodge (EdC) director-general Keo […]

Cambodia’s ranking in the latest global energy sustainability survey has improved dramatically, indicating that the Kingdom’s efforts to solve its energy woes and providing an adequate power supply are making headway. For in depth analysis of Cambodian Business, visit Capital Cambodia . This also means that Cambodia, which suffered a crippling power problem a few months […]

While Cambodia might be pulling out all the stops to develop its smart cities, the lack of an integrated master plan is hampering these efforts. The ASEAN Smart Cities Framework defines a smart city as one that harnesses technological, digital solutions and innovative, non-technological means to address urban challenges – continuously improving people’s lives and […]

A lush tropical nation of some 15.3 million inhabitants, Cambodia is one of the most biodiverse countries in Southeast Asia. To date, over 8,000 species of plants, more than 800 species of fish and 500 bird species have been recorded across Cambodia, from the forest highlands to the mangrove wetlands near the country’s coast. However, recent economic […]