No need to declare climate emergency in Malaysia just yet, says environment minister

Minister of Environment and Water Datuk Seri Tuan Ibrahim Tuan Man said there was no need for the government to declare a climate emergency just yet, with the authorities having rolled out several initiatives to combat the effects of climate change.

Envoy: EU never imposed ban

The European Union (EU) has never imposed a ban on palm oil exports from Malaysia, a top EU diplomat clarified on Monday. In fact, local palm oil exports to the world’s largest trading bloc jumped by 55 per cent last year.

High Court allows Sarawak Energy’s unit to challenge MOF’s rejection of its RM10.9 bil tax incentive claim

The High Court here on Thursday allowed a subsidiary of Sarawak Energy Bhd (SEB) to have RM10.9 billion be considered as investment tax allowance in 2019, after the Finance Ministry had earlier rejected the claim. This follows the court granting the judicial review application made by SEB’s subsidiary Baleh Hydro Power Generation Sdn Bhd to […]

Malaysia energy major targets early closure of coal plants

Malaysia utilities giant Tenaga Nasional Berhad (TNB) announced this week it is aiming to install more than 14 GW of renewable energy capacity by 2050 as it seeks to retire some of its coal-fired assets earlier than planned as part of ongoing efforts to achieve emissions reduction targets and ensure continued business growth for the company.

INNIO Announces Future Collaboration With B.Grimm Power to Explore New Thailand Power Plant Projects

INNIO announced today that it has signed a Memorandum of Understanding (MoU) with B.Grimm Power to collaborate on building new power plant projects in Thailand. B.Grimm has a long and successful history as a trailblazer in Thailand’s private power generation industry. The MoU lays out the framework for a collaboration of the two companies to […]

Singapore Joins Green-Bond Bonanza With $1.7 Billion Sale

Singapore is raising S$2.4 billion ($1.7 billion) via its first green bond, choosing a 50-year tenor as it joins countries from South Korea to Egypt looking to fund the battle against climate change. The debt maturing in 2072 priced with a yield of 3.04%, according to the Monetary Authority of Singapore. That’s an 11 basis-point tightening compared with the […]

Arup launches ‘Centre for Climate Action in Cities’ with Singapore Economic Development Board

As the first design-led consultancy to connect strategy and design to action, Arup has launched its new Centre for Climate Action in Cities (CCAC). Grace Fu, Minister for Sustainability and the Environment, was the Guest-of-Honour for the launch together with Jacqueline Poh, Managing Director of the Singapore Economic Development Board (EDB). Supported by the EDB, […]

Singapore’s Star Stock Needs Renewables Push to Keep Going

This year’s surge in energy prices has taken Sembcorp Industries Ltd.’s shares close to their peak, but any further outperformance hinges on its push for a clean-energy portfolio. The Singapore-listed utilities company has jumped 49% this year, making it the top performer on the Straits Times Index. While the stock is expected to gain 15% over […]

INDONESIA AND UNITED STATES DEEPEN CLEAN ENERGY PARTNERSHIP

On August 3, Indonesia, through its national power utility company, PT PLN (Persero), and the United States, through the United States Agency for International Development (USAID), have strengthened their partnership to accelerate Indonesia’s transition to a cleaner and more sustainable energy sector.

China stresses ties with Southeast Asia in Cambodia meeting

PHNOM PENH, Cambodia — Chinese Foreign Minister Wang Yi stressed his country’s efforts to strengthen ties with Southeast Asian countries at a meeting Thursday with their foreign ministers, which came as Beijing seeks to expand its influence in the region. Wang’s talks with top diplomats from the Association of Southeast Asian Nations were held amid high […]