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Malaysia’s oil overdependence threatens attempts to shed debt

Analysts see downside risks to the oil price rally even in 2019. The Malaysian government has expressed plans to narrow their YoY budget deficit from 3.7% to 3.4% next year. However, analysts at Fitch Solutions stated that their forecasts remain at 3.7% as they dread that the country’s continued dependence on oil revenues pose risks […]

Grab raises $250 million from Hyundai and will partner on electric vehicles for Southeast Asia

Singapore-based Grab today announced that it has received a $250 million investment from Hyundai Motor Group, an infusion that brings its latest round of venture capital to $2.7 billion. In addition, Grab said it will partner with Hyundai to develop electric vehicle (EV) pilot programs across the eight countries it serves in Southeast Asia. “As […]

Blockchain tech is taking on renewable energy trading in Singapore

Key Points Companies in Singapore can now engage in renewable energy certificates trading on a blockchain-powered system from utilities provider SP Group. The idea behind the asset is that firms seeking to offset their non-green energy production can purchase RECs from a company producing excess green power. The use of a blockchain is more than […]

Myanmar still weak in enforcing contracts, protecting minority investors

Myanmar has done undertaken two reforms to improve access to power supply and the ease of starting a local business, according to the latest report from the World Bank. However, pace of reform on most regulations affecting the private sector remain stagnant. In the newly-released World Bank’s 2019 Doing Business rankings, Myanmar ranks 171th out […]

Crude palm oil for power considered

The Energy Ministry is considering using a surplus of crude palm oil this year to replace fossil fuels for power generation at two state-run plants in Chachoengsao and Ratchaburi. The tentative plan is to be implemented at Bang Pakong power plant, owned by the Electricity Generating Authority of Thailand (Egat), and Ratchaburi power plant, owned […]

Thai power authorities investigate smart grids for renewables integration in remote region

A smart grid pilot will be put into action in the Thai province of Mae Hong Son, to integrate and balance growing shares of renewable energy using battery energy storage systems (BESS). The Electricity Generating Authority of Thailand (EGAT) and the country’s Provincial Electricity Authority (PEA) have signed an agreement to investigate the use of […]

Autotrop eyes battery exports to Cambodia

Malaysia-based Autotrop Sdn Bhd plans to penetrate the competitive Cambodian auto sector to promote its – Fujiya and Challenger – batteries and even plans to set up a local warehouse. Speaking to The Post in the capital last Thursday, Autotrop’s director Gary Lim T.H. said the company sees Cambodia as a potential market for its […]

Indonesia’s PLN gets $1.6 bn loan for giant power station project

The offshore US dollar credit facility with 20 international banks, signed on Oct. 25, was the first of its kind for PLN, the company said in a statement issued on Monday JAKARTA: Indonesia’s state-owned power utility Perusahaan Listrik Negara (PLN) said it has secured a $1.62 billion syndicated loan facility to support its role in […]

ExxonMobil to contribute US$10m to the Singapore Energy Centre partnership

EXXONMOBIL has announced that it will be contributing US$10m to the Singapore Energy Centre. The announcement was made on 31 October at Singapore International Energy Week 2018. The Singapore Energy Centre was created as a joint effort to transform the energy landscape and address future sustainability challenges. ExxonMobil will be the first founding industrial member […]

First large-scale gold project in the Kingdom in early 2020

Emerald Resources, the Australian-listed mining firm behind Cambodia’s Okvau gold project in Mondulkiri province, will start its first large-scale gold project in the Kingdom in early 2020. Ministry of Mines and Energy spokesman Yos Monirath who said this, added that the firm obtained an industrial mining licence in July and actively raised funding to develop […]