Thailand’s PTTEP to outperform
Analysts at Macquarie bank believe Thai upstream player PTT Exploration & Production (PTTEP) is set to outperform as it is bolstered by strong crude prices and the mitigation of risk that output will disappoint at Erawan.
S. Korean companies to build combined cycle power plant in Thailand
SEOUL — Two public companies in South Korea will work with their Thai partner to build a combined cycle power plant and related infrastructure such as liquefied natural gas tanks in Thailand’s southern province of Songkhla. Construction is to begin in 2022.
Egco allots B150bn on expansion through 2025
Electricity Generating Plc (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand (Egat), plans to spend 150 billion baht to expand its businesses through 2025 and seek new opportunities in infrastructure projects, which are seen as an economic booster for Thailand.
Singapore to ban new diesel car and taxi sales from 2025
Singapore is joining the push for cleaner transport, pledging to ban all new diesel car and taxi sales from 2025, only four years away.
Covid jab campaigns fuelling petrol price hike
Retail petrol prices in Cambodia have soared since the beginning of this year, with observers suggesting that momentum in the world’s ongoing Covid-19 vaccination schemes has driven up international crude oil prices.
Indonesia’s Omnibus Law: The Positive Investment List and the Liberalization of Business Sectors
In the first of ASEAN Briefing’s Indonesia’s Omnibus Law series, we analyze Presidential Regulation 10 of 2021 (PR 10/2021) on business fields open to investment — also dubbed as the positive investment list. The regulation comes into effect on March 4, 2021.
‘We attack,’ Indonesia declares in joint bid with Malaysia to shield palm oil
JAKARTA — Palm oil giants Indonesia and Malaysia are teaming up to fight what they call a smear campaign targeted at the commodity. The move sets the stage for what activists say will be a costly PR war that takes the focus away from efforts to clean up the industry.
Fuel imports stall as banks shut and currency depreciation drives up costs
YANGON • Myanmar’s refined fuel imports have stalled as protests over the military coup have shut banks and government offices, while a depreciation of its currency has driven up costs, five industry sources said.
