India cuts tax on palm oil imports; Malaysia to benefit the most
Mumbai INDIA has cut import taxes on crude and refined palm oil from South-east Asian countries after a request from suppliers, a government notification said. The reduction will lead to higher imports of palm oil by the world’s biggest edible oil buyer in coming months as it would narrow the difference between the tropical vegetable […]
Southeast Asia ‘smart cities’ redesign roads and grids with Japan
TOKYO — Japan will help build “smart cities” across Southeast Asia, using artificial intelligence and networked devices to tackle problems like road congestion and energy conservation. […]
Malaysia’s Petronas acquires 10% stake in Oman gas field
Singapore — Malaysia’s state-run oil and gas company Petronas has completed the acquisition of a 10% stake in a gas field in onshore Oman from Oman Oil Co Exploration & Production or OOCEP. The acquisition was made by Petronas’ subsidiary PC Oman Ventures Ltd or PCOVL in Block 61 from Makarim Gas Development, a subsidiary […]
PH exploring possible energy cooperation with Alberta, Canada
The Philippines is exploring possible energy cooperation with the Province of Alberta, Canada’s energy capital, in anticipation of Malampaya’s gas reserves depletion by 2024. “There are great potentials for energy cooperation between the Philippines and the Province of Alberta, Canada,” Deputy Philippine Consul General in Calgary Zaldy Patron said in a statement. Patron was recently […]
EST receives seed capital of $2 million for electric motorcycle
New Delhi: EuroSports Technologies (EST), Singapore’s home-grown developer of electric motorcycles, on Friday received $2 million of seed capital from its Singapore-listed parent company EuroSports Global (ESG) to accelerate the development of EST’s Singapore-developed electric motorcycle. The motorcycle, code-named “EST-X”, which combines convenience, performance, and intelligence into a single affordable vehicle package, the company said […]
Gas Malaysia gets EC’s nod for higher natural gas tariff for non-power sector
PETALING JAYA: has announced that the Energy Commission has approved higher natural gas tariff for the non-power sector in Peninsular Malaysia, from Jan 1 to June 30.While the higher tariff would be a boon for Gas Malaysia, businesses in Peninsular Malaysia should brace for higher cost of operations. Higher gas tariff would increase cost for […]
Petronas LNG purchase deal with Cheniere to support sixth train at Sabine Pass
Houston — Malaysia’s Petronas will buy LNG from Cheniere Energy under a 20-year agreement that will support building a sixth liquefaction train at the exporter’s Sabine Pass terminal in Louisiana. The long-term offtake deal for approximately 1.1 million mt/year of LNG will be shipped on a free-on-board basis beginning following the date of first commercial […]
In Asia, bonds are finding it’s easier being green
JAKARTA – Just a few years ago, when Mr Clifford Lee, head of fixed income at DBS, sounded out potential clients about their appetite for green bonds – debt sold specifically for sustainable purposes like building a wind farm – conversations were short and tended to end with “no”. That’s because green bonds were no […]
