Samaiden raises RM29.35mil, debut on ACE Market on Oct 15
Samaiden Group Bhd is raising RM29.35 million via initial public offering (IPO) exercise with a public issuance of 61.15 million new shares at RM0.48 per share.
Pertamina’s TPPI kicks off $180m petrochemical plant expansion
Petrochemical producer PT Trans-Pacific Petrochemical Indotama (TPPI) has begun work to expand its sole refinery in Tuban, East Java, in cutting Indonesia’s petrochemical imports.
[Re]Energize Indonesia Hackathon Searches for Renewable Energy Solutions
New Energy Nexus Indonesia, a nonprofit organization dedicated to supporting renewable energy economy, has recently launched the first smart and renewable energy-themed hackathon in the country, [Re]Energize Indonesia.
Singapore oil trader Hontop’s bank debts close to being settled
China Wanda Group, the parent company of Singapore-based Hontop Energy, is close to settling the troubled oil trader’s disputes with two of its major lenders, according to people familiar with the negotiations.
Ayala energy firm investing P250M in subsidiary via shares subscription
Ayala-owned AC Energy Philippines Inc. (ACEN) will be investing P250 million in its subsidiary firm Buendia Christiana Holdings Corporation (BCHC) via shares subscription arrangement.
ADB okays loan to expand power grid
The Asian Development Bank (ADB) has approved a $127.8 million loan to help expand the Cambodian power grid at a time when the government is making significant progress in expanding lower-cost power generation, a press release said.
French investors’ appetite for Indonesia’s energy sector remains high amid pandemic
Bilateral cooperation between Indonesia and France remains strong amid the COVID-19 pandemic. The two countries will finalize several bilateral cooperations in the energy sector, Indonesian Ambassador to France Arrmanatha Nasir says.
Southeast Asia’s wind power in need of investment
Southeast Asia’s wind power sector requires at least US$14 billion of investments by 2030, says Wood Mackenzie. This is to support the 8.9 GW of new wind power capacity that Wood Mackenzie expects to be added between 2020 and 2029.
