Middle Eastern Banks Invest $500M in Malaysia’s Pengerang Energy Complex
Leading Middle Eastern banks and financial institutions have invested $500 million to finance Malaysia’s Pengerang Energy Complex, a facility that promises to set new standards in low-carbon production. The Islamic Development Bank, along with its subsidiaries—the Islamic Corporation for the Development of the Private Sector and the Islamic Corporation for the Insurance of Investment and […]
Impact of high energy costs on the economy
The Philippines is recognized for its rich cultural heritage and its rapidly growing economy. However, we face a significant challenge that threatens our progress: the high cost of electricity. This issue affects businesses, goods production and consumers alike, creating a ripple effect throughout the economy.
Clean-energy projects in Indonesia’s coal regions could attract US$9.4 billion in investments: report
Potential boost to renewable energy sector could also help mitigate loss in jobs as demand for the fossil fuel declines.
Singapore’s Sembcorp pays $131 mln for acquiring renewable energy projects in Vietnam
Singaporean giant Sembcorp Industries spent SGD174 million ($131.1 million) on the acquisitions of majority interests in three out of four renewable energy subsidiaries of Vietnamese conglomerate Gelex.
Singapore’s Sembcorp plans to invest $528 mln in green energy drive
embcorp Industries (SCIL.SI), opens new tab said on Tuesday that it would invest S$700 million ($528.5 million) in its green energy initiatives as the Temasek-backed company navigates through energy transition and growth in its renewables portfolio.
Laos, UK forge partnership on green economy framework
In a significant step towards combating climate change and fostering sustainable development, Laos and the United Kingdom have signed a Memorandum of Understanding (MoU) on the Green Economy Framework.
Elridge Energy launches RM203mil IPO
Elridge Energy Holdings Bhd has today launched its prospectus for its listing on Bursa Malaysia’s ACE Market that will raise up to RM203 million.
China energy companies keen to invest over US$10 bln in Sarawak’s green energy resources
Two energy companies from China have expressed their intention to invest more than US$10 billion (RM46.5 billion) in the development of green energy resources in Sarawak.
