Gradual Energy Transition Expected to Save Rp90tn of Fuel Subsidy per Year: Minister Luhut

The Coordinating Minister for Maritime and Investment Affairs, Luhut Binsar Pandjaitan, said a gradual energy transition will save Rp45 trillion to Rp90 trillion of fuel subsidy per year. Minister Luhut conveyed the statement during the sidelines of the High-Level Forum on Multi-Stakeholder Partnerships (HLF MSP) and Indonesia-Africa Forum (IAF) II in Badung, Bali, on Monday, […]

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.