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Winners and losers among Singapore companies in current oil surge

BRENT crude oil prices are up more than 30 per cent this year and holding – but it won’t be a case of a rising tide lifting all boats. While the rally stirs hope for investors tracking the oil and gas sector, high oil prices are a concern for consuming companies in the aviation and […]

Jonan: Indonesia Commits to Implement Clean Energy

JAKARTA, NNC – Indonesia Minister of Energy and Mineral Resources Ignasius Jonan onTuesday (10/09) received the visit of the Minister of Foreign Trade and Development of Finland, Anna-Mari Virolainen. The meeting was then followed by the 2018 Indonesia-Finland Business Seminar. During this visit, Finland brought business delegates representing various sectors. Jonan revealed that the long-term cooperation […]

Analysis: Malaysia’s Petronas gears up for new investment cycle

RAPID refinery completion will free MYR15-20 billion/year capex Oil price rebound allows Petronas to start new investment cycle Petronas spends MYR30 billion/year just to maintain reserves. Singapore — Malaysia’s national oil company Petronas is poised for its next wave of investments, in line with the recent final investment decision on the LNG Canada project, as […]

Singapore banks need to warm up to renewable energy financing

THE launch in South Korea on Monday of the Intergovernmental Panel on Climate Change (IPCC) report on avoiding runaway global warming hammered home some stark realities about the need to rapidly address climate change. The report stated that keeping warming to 1.5 rather than two degrees could save 10 million people from losing their homes […]

Challenges in Coal Supply for Thermal Power Production

As thermal power accounts for the largest proportion of Vietnam’s energy production, the country is facing challenges to ensure sufficient supply of coal for thermal power plants in the coming years. According to President of the Vietnam Association of Thermal Science and Technology Truong Duy Nghia, coal-fired thermal power has dominated the country’s energy market, […]

IFC’s Komodo green bond raises $134m for climate investments

International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Indonesian rupiah Komodo green bond, attracting strong investor demand and raising Rp 2 trillion (US$134 million) to combat climate change. “The issuance of IFC’s green Komodo bond underscores our commitment to support Indonesia in achieving environmentally sustainable economic growth,” said […]

DOE rolls out Mindanao energy projects

TAGUIG CITY, OCt. 8 — The Department of Energy (DOE) is setting its sights on present energy investment opportunities in Mindanao that will spark new developments and growth in the region. In this regard, the DOE, through its Investment Promotion Office, is launching the Mindanao Energy Investment Forum (MEIF) to be held on 11 October 2018 […]

RAM rates world’s first UN SGD sukuk issued by HSBC Amanah Malaysia

KUALA LUMPUR: RAM Ratings has rated the world’s first United Nations (UN) Sustainable Development Goals (SDG) sukuk issued by HSBC Amanah Malaysia Bhd. The sukuk is under the bank’s RM3bil multi-currency sukuk programme (2012/2032) which carries an AAA/stable rating. “This global first by HSBC Amanah puts Malaysia again on the sustainable finance world map,” says […]

Malaysia new car available in 2020

Malaysia is making a big push into developing “disruptive technology-driven” vehicles for global markets, with its maiden model expected to hit the market in two years’ time. The model is under the new national car project (NNCP) mooted by Prime Minister Tun Dr. Mahathir Mohamad. Its prototype is expected to be rolled out early next […]

Government explains petrol price jump

The retail price of petrol in Cambodia has increased for the third straight month, upsetting many who work in low-paying jobs, such as tuk-tuk drivers. The price jumped to 4,200 riel per litre in mid-October from 3,950 riel in July, according to the Ministry of Commerce. The price increase is hurting low-income families as the […]