One of the Philippines’ largest banks, Rizal Commercial Banking Corporation (RCBC), on January 14 announced the establishment of its green finance framework to provide the basis for the issuances of green bonds and loans, which can be denominated in pesos or in any other currency. Proceeds from any green financing exercise under the framework will […]

MANILA, Philippines — Another major fuel price hike takes effect today – the second in two weeks this month – in step with rising crude costs in the world market. The second tranche of the fuel excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law has nothing to do yet with the […]

MANILA — AboitizPower remains keen on investment opportunities outside the Philippines, its Chief Operating Officer Emmanuel Rubio said Tuesday. Rubio told reporters that the company is still looking for investment opportunities in the power generation business in Southeast Asian countries such as Indonesia, Myanmar, and Vietnam. He said AboitizPower is currently doing feasibility studies and […]

Southeast Asia’s energy demand is expected to grow by two-thirds by 2040, requiring massive investment in new energy generation and transmission. Installed capacity will double from 240 gigawatts to 565 gigawatts, which amounts to adding a bit more than Japan’s total electricity capacity. To meet their growing needs, countries have to make pivotal choices. They […]

Electric scooter producer Pega launched a new model, NewTech, on January 11 with a selling price of VND25 million. This e-scooter model, initially sold at a promotional price of VND22 million, is directed at male users and has a driving range of 90 kilometers per charge. The e-scooter battery can be used as a source […]

The event, the second of its kind so far, was chaired by Le Cong Thanh, Deputy Minister of Natural Resources and Environment and Vice Chairman of the Vietnam National Mekong Commission. Participants were updated on the progress of the Mekong River Commission (MRC)’s technical assessment report on documents related to the project. Experts also gave […]

SINGAPORE (Jan 14): Trek 2000 International is acquiring a 7.5% stake in energy solutions company Terrenus Energy for US$3 million ($4.06 million). Singapore-incorporated Terrenus offers solar energy systems using solar panels, and has operations in Singapore, Australia and China. With its latest investment, Trek says it plans to collaborate with Terrenus on smart renewable power […]

PETALING JAYA: The government’s aspiration of more renewable energy (RE) is negative to the independent power producer (IPP) players given the potentially lower capacity replacement for their expiring power purchase agreements (PPAs), Hong Leong Investment Bank Research said. “Given the limited potential of new large scale hydropower plants in Peninsular, we expect the Ministry of […]

Tenaga Nasional Bhd (TNB) is introducing blended coal at its coal-fired power plant in Lumut, Perak, as part of a continuous effort to ensure a sustainable coal supply for electricity generation. The introduction of blended coal for the Sultan Azlan Shah Power Station, which produces 20% of Peninsular Malaysia’s energy generation, would help secure coal […]

KUALA LUMPUR: Astana City Group Sdn Bhd (ACG) is keen on being involved in the third national car project, and sees the vehicle being fully-powered by liquid petroleum gas (LPG), replacing petroleum altogether. Its managing director Nik Mohd Fareez Nik Ahmad Azman said the company submitted a proposal paper on the project to the International […]