The future of blockchain currently seems uncertain following the crash in cryptocurrency prices. However, enthusiasm abounded at the World Blockchain Summit held in Bangkok on 2 December 2019 for the potential of this ground-breaking technology. When the summits first began in 2017, money was being heavily invested in blockchain. However, there came a surge in […]

Recent reports have confirmed that Thailand will be considering the Block Chain Technology in order to curb VAT fraud involving oil export. According to Ledger Insights reports, the Excise Department of Thailand confirmed its tie-up with the Krungthai Bank for utilizing distributed ledger technology for tax refunds to the exporters of oil and for controlling […]

CAMBODIA is building both “smart” cities and “liveable” cities under a mishmash of well-meaning plans that aim to attract investment and talent, create new production and service ecosystems, and develop supply chains. There is no shortage of good advice, but funds and a coherent strategy are scarce. Tales of constructing Cambodian cities started about 10 […]

Asian refiners struggling with record-low margins are resisting cutting operating rates on expectations that new rules mandating the use of cleaner-burning ship fuels will boost diesel demand. Nine of ten major Chinese, Indian and South Korean processors surveyed by Bloomberg said they’re running at normal run rates and not planning to reduce them, asking not […]

SINGAPORE, Dec 3 (Reuters) – The liquefied natural gas (LNG) physical trading team at the Singapore unit of Russia’s Gazprom , including the global head of LNG trading, have resigned from the company, several industry sources said. The three LNG traders at Gazprom Marketing and Trading Singapore, which is a subsidiary of gas producer Gazprom […]

Rise in the energy demand and depleting fossil fuels is pushing the market towards non-conventional sources of energy. Energy demand is expected to increase by 70% between 2012 and 2035. The existing conventional sources of energy are depleting at a much faster rate than expected and their depletion is equally proving detrimental to the climate. […]

The energy market in Southeast Asia is growing rapidly. Overall demand has increased by 80% since 2000, with millions of new customers gaining access to electricity. That is putting pressure on energy systems, and with much of the demand met by a doubling of fossil fuel use, CO2 emissions have also risen.

PUTRAJAYA: With the appointment of Datuk Dr Siti Hamisah Tapsir as secretary-general, the Energy, Science, Technology, Environment and Climate Change Ministry (Mestecc) is now led by three accomplished women engineers. Its minister, Yeo Bee Yin, is a chemical engineer, her deputy, Isnaraissah Munirah Majilis, an electrical engineer and Hamisah a civil engineer. Hamisah, who clocked […]

KUALA LUMPUR (Nov 29): ASEAN member states must take steps to promote greater private sector participation in sustainable infrastructure financing in order to help forge an ASEAN economic future that is underpinned by sustainable development for decades to come. HSBC Asia Pacific head of Belt and Road Initiative and business corridors, Mukhtar Hussain, said a […]

Four new energy projects had been accorded “certificates of energy project of national significance” (CEPNS) by the Department of Energy (DOE) entailing that they are entitled to streamlined project permitting and approval processes. These CEPNS energy ventures include the Galoc field area and development which is an investment in the upstream oil and gas sector; […]