Thailand’s Finance Ministry Drives Local Economy with Digital Platform
Thailand’s Ministry of Finance has revealed it is launching projects that will utilize blockchain technology to enhance government administrative efficiency and assist in revenue collection, asset management and procurement. The use of blockchain technology is expected to eliminate complicated procedures and enhance transparency for government agencies. Memorandum to Implement Blockchain Technology The Ministry of Finance disclosed that […]
Thailand botanical garden demonstrates hydrogen
A 600-acre botanical garden and scientific research centre in Thailand is displaying hydrogen as an energy storage solution to demonstrate it is independent from the local grid and fossil fuels. Nongnooch Tropical Botanical Garden is working in collaboration with hydrogen electrolyser manufacturer Enapter in a bid to “save the future and provide blueprints and knowledge” […]
Phinma Energy sets P15 billion borrowings
MANILA, Philippines — Phinma Energy Corp., to be renamed AC Energy Philippines Inc., is eyeing to borrow up to P15 billion to fund investments. In a disclosure to the Philippine Stock Exchange yesterday, the board of Phinma Energy approved the availment of term loan facilities for up to P15 billion. The borrowing will be used […]
Malaysia widens fiscal deficit target in budget, promises stimulus if needed
KUALA LUMPUR (Reuters) – Malaysia’s government on Friday unveiled a smaller budget than expected for next year but flagged a wider budget deficit than earlier estimated, and said it would step in with stimulus measures should global demand worsen. Southeast Asia’s third-largest economy bucked a global cooling trend and grew faster than expected in the […]
RE goals to attract RM33b in private investments
MALAYSIA’S goal to increase its renewable energy (RE) mix to 20% by 2025 is estimated to attract RM33.25 billion in private investments, creating new employment and business opportunities. Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin said this estimate is a result of a study her ministry commissioned to determine the monetary […]
Malaysia and Australia Sign Peer-to-peer Energy Trading Tech Deal
Malaysia’s Sustainable Energy Development Authority (SEDA) and an Australian technology firm will together launch an eight-month pilot project of the firm’s peer-to-peer energy trading technology. The deal will see the firm test its blockchain-enabled P2P platform in Malaysia, with a trial due to start later this year. That pilot scheme will run for two months in an alpha test […]
PwC Singapore offsets all the firm’s air travel emissions and has shifted towards renewable energy
10 October 2019, Singapore – As part of their efforts to reduce their carbon footprint, consultancy PwC Singapore has offset 100% of their air travel emissions and sourced 100% renewables for their electricity consumption. These were published in PwC Singapore’s Sustainability Report, launched today. The report looks at the firm’s environmental, social and governance (ESG) strategy, […]
Singapore’s Temasek to rule out investment in Aramco IPO: report
Singapore’s Temasek Holdings Pte has decided against investing in Saudi Aramco’s initial public offering, in part over environmental concerns, according to people familiar with the matter. The world’s most-profitable company first flagged a public share sale in 2016 and is expected to list with a valuation of between $1.1 trillion to $2 trillion later this […]
