Mega First surges on boost from power segment
WHILE 2020 has generally been a fantastic year for glove and healthcare-related stocks, investors who took a chance a year ago on power company Mega First Corp Bhd have not done so badly for themselves. The stock hit a record high of RM7.18 on June 30, more than double its closing price of RM3.50 on July […]
South Korea’s New Southern Policy and ASEAN-ROK Relations
Despite intense focus on South Korea’s renewed push for inter-Korea engagement, the Moon Jae-in government continues to expand its outreach to Southeast Asia and India through its New Southern Policy (NSP). President Moon demonstrated his commitment to Southeast Asia, visiting all 10 ASEAN countries in his first two years in office. In November 2019, the South Korean president […]
Power provider set to go public on CSX
Power transmission provider Pestech (Cambodia) Plc put on a roadshow on Monday in preparation for going public on the Cambodia Securities Exchange (CSX) on August 12. Pestech Cambodia, a 100 per cent owned subsidiary of Malaysia-based Pestech International Bhd, hopes to raise approximately $3 million from the listing.
Malaysia’s PETRONAS Decides to Invest in a Rooftop Solar Startup
PETRONAS, Malaysia’s state-owned gas and oil company, signed an agreement to invest in SOLS Energy Sdn Bhd, a solar energy startup. The investment will help provide renewable energy to residential and small-to-medium enterprises (SMEs) in Malaysia. SOLS Energy is a Kuala Lumpur-based rooftop solar company, which mainly focuses on the residential and SME markets.
BIC Insures Vietnamese Intertidal Project
Vietnam’s BIDV Insurance Corporation (BIC) and Ben Tre Renewable Energy Joint Stock company (BTRE) have signed an insurance contract for the 110 MW Ben Tre V1-3 intertidal wind project. BIC, part of the Bank for Investment and Development of Vietnam (BIDV), will provide insurance during the installation of the BTRE V1-3 Ben Tre wind farm.
Vietnam lacks mechanisms for private investment in renewable energy
Hanoi (VNS/VNA) – Many private enterprises said they want to invest in building renewable energy infrastructure, but Vietnam still lacks mechanisms to encourage private enterprises to participate in this activity. Nguyen Tam Tien, General Director of the Trung Nam Group, the first and only enterprise so far allowed to invest in national grid transmission infrastructure, highly appreciated the Politburo’s Resolution […]
World Bank and Myanmar Sign Pact to Provide Off-Grid Solar Products in Rural Areas
The World Bank has signed an agreement with the Government of Myanmar to provide off-grid solar products to 450,000 people in rural Myanmar. The result-based financing for off-grid solar products is worth $3.45 million. It is co-funded by the Global Partnership for Results-Based Approaches (GPRBA) and the Energy Sector Management Assistance Program (ESMAP).
PLN to receive Rp 9.6t from state coffers to build power infrastructure
State-owned electricity giant PLN is slated to receive Rp 9.6 trillion (US$695 million) in state capital injections (PMN) from the government this year to develop power infrastructure in Indonesia and increase the country’s electrification ratio.
