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More investors keen on PH oil, gas exploration

The Philippines’ efforts to rev up the exploration for oil and gas in the country continue to attract interest from potential investors, the Department of Energy (DOE) said, despite the prevailing uncertainty due to the territorial dispute with China. The DOE said in a statement that it had so far received from 11 companies 21 […]

Charging the EV market

While electric vehicles (EVs) are expected to be cheaper than internal combustion engine (ICE) or conventional vehicles in Europe in just three years from now, green vehicles are still far too costly for most drivers in Southeast Asia. A lack of subsidies and infrastructure is holding back EV adoption in the region, experts say. Bloomberg […]

Electricity tariffs to rise 6.4% in third quarter to hit highest rate in nearly 5 years; gas tariffs to increase by 1.6%

SINGAPORE – Electricity tariffs are set to rise by an average of 6.4 per cent in the third quarter of this year, SP Group said on Saturday (June 29). Gas tariffs for households are also set to increase by 1.6 per cent in the third quarter, City Gas said. For the period from July 1 […]

NGCP’s P9.7-B Taguig substation project OKd

National Grid Corp. of the Philippines (NGCP) has secured regulators’ green light for its proposed P9.7-billion Taguig Extra High-Voltage (EHV) Substation Project, which is intended to accommodate supply inflows from any new power plants. The Energy Regulatory Commission (ERC) approved NGCP’s application for permission to build the project that would serve as another drawdown substation […]

PH, France eye economic cooperation on renewable energy, green technology

MANILA, Philippines — The Philippines and France are looking into pursuing economic cooperation on renewable energy and green technology. During the 8th Joint Economic Commission (JEC) meeting between the Philippines and France, both countries have committed to closely collaborate on sectors of mutual interest by encouraging more business visits, increased technical capacity building exchanges in […]

Govt agrees to lower electricity rates to promote productivity

The government has agreed to lower the cost of electricity in a move to create more incentives for boosting investment and productivity while improving the livelihoods of low-income earners. The agreement was reached at a meeting of cabinet members, provincial governors and the Vientiane Mayor held in the capital this week. The Minister of Energy […]

Petronas-Saudi JV to restart crude unit at Malaysia refinery in July – sources

SINGAPORE/KUALA LUMPUR (Reuters) – Pengerang Refining and Petrochemical (PrefChem), a joint venture between Petronas and Saudi Aramco, is expected to restart a crude distillation unit at its oil refinery in Malaysia in July, three sources familiar with the matter said. The Pengerang Refining development, part of Petronas’ $27 billion Pengerang Integrated Complex, consists of a […]

Sapura Energy wins RM1 bil contracts in Malaysia, Thailand, Taiwan, Australia

KUALA LUMPUR: Sapura Energy Bhd has secured 10 new contracts for its engineering and construction and drilling segments worth RM1 billion across Malaysia, Thailand, Taiwan and Australia, including Sapura Energy’s first offshore wind farm contract. In addition, the company has been selected for a frame agreement with Petroliam Nasional Bhd (Petronas) for fixed offshore structure […]

Toyota ready to invest IDR28.3 trillion: minister

Jakarta (ANTARA) – Minister of Industry Airlangga Hartarto said that the Japanese automotive company, Toyota, is ready to disburse funds amounting to Rp28.3 trillion over the next four years. The Toyota investment plan is related to the new government policies, which encourage the development of electric vehicles. “Well, that will be listed in the two […]

Oil refinery construction pushed to 2021

Following delays, the construction of an oil refinery plant in Preah Sihanouk province has been officially pushed back and will continue in 2021, after the facility was originally expected to start operating this year. For in depth analysis of Cambodian Business, visit Capital Cambodia . Hann Khieng, chairman of the Cambodian Petrochemical Company, which is […]