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 […]
Risen Energy adds a further 50MW of solar to Vietnam projects
Major China-based PV manufacturer Risen Energy has secured a 50MW PV power plant through India’s Shapoorji Pallonji Group, a private infrastructure development company to be built Vietnam. Risen Energy recently signed a contract with Surya Prakash Vietnam Energy Co, a subsidiary of Shapoorji Pallonji Group for the 50MW project, which is expected to be operational […]
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 […]
Sarawak to model mega dam management after Canada, CM says
KUCHING, Oct 7 — Sarawak will be taking Canada as a model in the management and governance of its mega dams and water usage, Chief Minister Datuk Patinggi Abang Johari Openg said today. He said Canada, in particular the province of Ontario, has a long history and reputation of hydro power generation with the […]
Malaysia to pick experts for EU panel on land usage for palm oil
KUALA LUMPUR: Malaysia has agreed to appoint experts to be part of the European Commission’s panel which will look into indirect land use, which is crucial to avert discrimination by the EU countries. Primary Industries Minister Teresa Kok said on Sunday the experts would sit in the EC’s expert panel on indirect land use change […]
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, […]
Solar vital to energy plans
With the Energy Ministry having recently set a new target for Thailand to make a gradual transition away from fossil fuels to decarbonise energy generation in the country, recent research by two Harvard University scholars provides useful information for the policymakers. It gives a realistic assessment of the pros and cons of two renewable energy […]
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 […]
Thailand’s Biggest Winery Goes Solar
“Thailand’s biggest winery Siam has entered a 20-year agreement with a Singapore-based solar company to install a rooftop solar system to cut down carbon dioxide emissions, the first Thai winery to do so.” According to Cleantech Solar, the Singaporean company will install a 1MWp on-site rooftop solar system for the Thai winery, based in Hua […]