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Brunei to accelerate FinTech and green finance

Green finance and financial technology (FinTech) can transform the country’s economy and society at large, to be more inclusive, resilient and sustainable, said Deputy Minister of Finance and Economy Khairuddin Abdul Hamid (pic) at the Brunei Economy Programme held at Anggerek Desa Technology Park on Thursday (Aug 11).

Shell and Nickel Asia team up for renewable energy in Philippines

Shell (LON:SHEL) has signed a collaboration agreement with Nickel Asia’s renewable energy subsidiary, Emerging Power (EPI), to jointly develop, own, operate, and maintain renewable energy assets in the power hungry Philippines.

GULF invests THB2.7 billion in renewable energy and sustainable investments fund

Gulf Energy Development Public Company Limited (GULF) announced that Gulf International Investment (Hong Kong) Limited (Gulf HK), its wholly-owned subsidiary, entered into a subscription agreement to commit to invest EUR 75 million, which is equivalent to approximately THB 2.7 billion, in Lightrock Climate Impact Fund SCSp (LCI Fund).

New partnership inked to develop decentralised power plants in Thailand

A new partnership has been announced between INNIO and B.Grimm Power to explore the development of decentralised power plant solutions in Thailand.

Myanmar’s Supply Chains Break Down Amid Fuel Shortages

Amid serious fuel shortages and price hikes across Myanmar, businesses say they will soon halt operations unless availability improves.

Indonesia plans fuel price hike to control ballooning subsidies: reports This article was published in thejakartapost.com with the title “Indonesia plans fuel price hike to control ballooning subsidies: reports

The government plans to hike fuel prices to control ballooning energy subsidies, media reported on Monday, citing comments from Energy and Mineral Resources Minister.

Vietnam targets higher coal imports as domestic demand climbs

Vietnam has forecast a substantial increase in coal imports over the next 12-15 years, particularly from the power sector, on rising domestic demand, according to a draft strategy for the coal industry from the Ministry of Industry and Trade, or MoIT.

DOE sets ‘corrective policies’ to lure fresh oil exploration investments

The Department of Energy (DOE) will re-take “baby steps” and will push for “corrective policies” to entice fresh capital flow in the country’s upstream oil and gas sector, especially in areas not encumbered by territorial disputes.

THAI GAS OUTPUT TO REMAIN ON A DOWNWARD TREND: FITCH SOLUTIONS

Thailand’s natural gas production is forecast to remain on a downtrend over the next decade owing to continuous output declines at the Erawan gas field, in the Gulf of Thailand, Fitch Solutions said in a report on August 8. This will leave little choice but for the country to become more dependent on costlier imports.

NUS researchers invent self-charging, ultra-thin device that generates electricity from air moisture

Using sea salt as an eco-friendly moisture absorbent, this rechargeable fabric-like ‘battery’ provides higher electrical output than a conventional AA battery – potentially powering everyday electronics.