UOB’s U-Solar facilitates nearly 160GW hours of solar power
United Overseas Bank’s (UOB) U-Solar programme has facilitated the generation of nearly 160 gigawatt hours of solar power across the Asean region and simultaneously reducing over 77,200 tonnes of carbon dioxide equivalent in greenhouse gas (GHG) emissions.
US offers help to ASEAN countries on oil and gas exploration ventures
HOUSTON, Texas – The United States (US) government is offering help to countries in the Southeast Asian region – primarily those wanting to extract oil and gas resources within their exclusive economic zones but investment flows are being impeded by diplomatic skirmish with Asian super power China. In his keynote address at the CERAWeek here, […]
US pledges to enhance cooperation with Mekong subregion’s countries
The US will bolster support for countries in the Mekong subregion through the Mekong-US partnership, US Principal Deputy Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Atul Keshap said at a recent online seminar to reveal results of a report on transboundary rivers and addressing challenges in Mekong River.
US to boost ASEAN energy transition spending
US president Joe Biden will announce $150mn in new US spending in southeast Asia to promote development of renewable energy and infrastructure, as well as maritime security, when he hosts leaders of ten ASEAN nations on Friday. The spending package includes $40mn in development finance that could unlock up to $2bn in private investment in […]
US-ASEAN Business Council a trusted partner of Vietnam: official
Washington DC (VNA) – The US-ASEAN Business Council (USABC) will remain a reliable partner of Vietnam, affirmed USABC President and CEO Alexander C. Feldman at his working session with Minister-Chairman of the Vietnamese Government Office Mai Tien Dung in Washington DC on April 11 (local time). Feldman said he is interested in Vietnam’s role as […]
US-Asean Summit sends strong signal to invest in PH
The success of the recent US-Asean Special Summit sends a strong message of pushing for deeper economic engagement between the US and Association of Southeast Asian Nations (Asean) member states, especially on more jobs and investments for the Philippines.
Use of hydrogen touted as a solution to carbon neutrality for ASEAN
JAKARTA (April 14): Members of the Association of Southeast Asian Nations (ASEAN) and the East Asia Summit (EAS) need to bolster the use of renewable energy sources and work for energy sufficiency, as well as clean energy transition or decarbonisation. The Economic Research Institute for ASEAN and East Asia (ERIA) Chief Operating Officer, Hachiyama Koji […]
Uzma to expand business within Asean
KUALA LUMPUR: Oil and gas (O&G) services provider Uzma Bhd targets to expand its three core upstream services beyond Malaysian shores by next year, focusing on Philippines, Thailand, Indonesia and Brunei. Group managing director and chief executive officer Datuk Kamarul Redzuan Muhamed said the group will focus on subsurface solutions, integrated wells solutions (IWS) and […]
Vietnam to Indonesia: the Asian countries hit hardest by China’s clampdown on new coal-fired power plants overseas
Chinese President Xi Jinping’s pledge to the United Nations that China will no longer build coal-fired power plants overseas will leave many projects awaiting financial closure at risk of cancellation.
Vulnerable to climate change, ASEAN needs more investment into green infrastructure
MANILA – Over the next five years, ASEAN will need US$157 billion in annual infrastructure investment, but projects need to be “climate-proofed” to mitigate the region’s vulnerability to natural disasters and climate change, according to the Asian Development Bank (ADB). Due to Southeast Asia’s geographical diversity — long coastlines, a large number of archipelagos, and […]