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 […]
China Reshapes The Vital Mekong River To Power Its Expansion
Chinese tourists account for more visitors to Thailand — and much of Southeast Asia — than from any other country. The Thai village of Sob Ruak, at the heart of the Golden Triangle region where Thailand, Laos and Myanmar meet, is no exception. Tour buses routinely disgorge thousands of Chinese tourists to buy trinkets, […]
Government seeking solution to tackle fuel price hike: Spokesperson
The government is working to deal with rising fuel oil prices as it increased transportation costs and has an impact on commodity prices, said Zaw Htay, Spokesperson of Myanmar President’s Office, at a press conference held in the President House in Nay Pyi Taw on October 5. “Transportation costs have increased by 10 per cent […]
Indonesia to import oil from Qatar soon: Official
Indonesia is set to import oil from Qatar very soon, said a top diplomat of the Southeast Asian nation which is one of the leading gas exporting countries in the world. The founding Opec member, which left the organization of oil exporting countries in 2009, is now importing large quantities of oil to meet the […]