Abang Johari: No multi-layer sales tax on petroleum products
KUCHING: Sarawak Chief Minister Abang Johari Openg today clarified that only the export sales tax will be imposed on petroleum products. Clarifying that there would be no multi-layer sales tax on petroleum products, he said there was a lot of misunderstanding on the export sales tax for petroleum and gas product,s which was announced in […]
Petronas Wants Malaysia to be Regional LNG Bunkering Hub
Malaysian oil and gas company Petronas plans to introduce liquefied natural gas (LNG) bunkering operations at the country from the second half of 2019. “As a major player in the LNG business, PETRONAS is well-positioned to support the strategic intent for Malaysia to become the regional LNG bunkering hub,” it said in the Petronas Activity […]
Green Dreams
With climate change expected to take a devastating toll on Southeast Asia, Indonesia, one of the world’s biggest emitters of greenhouse gases and a country likely to be disproportionately affected by extreme weather conditions, is looking to take action. President Joko “Jokowi” Widodo has committed to cut emissions by at least 29 per cent by […]
Thai group eyes ASEAN solar plants after first ‘green bond’
BANGKOK — The power generating arm of Thailand’s oldest industrial group, B. Grimm, has issued 5 billion baht ($152 million) in “green bonds” to raise funds for further investment in its renewable energy business. “We invested a lot in Vietnam, and we are now looking for business opportunities in Malaysia, Laos, Cambodia and the Philippines,” said Preeyanart Soontornwata, president of […]
Thailand’s first certified climate bond issued
The Asian Development Bank (ADB) will invest 5 billion baht (US$155 million) in the maiden green bonds by B.Grimm Power Public Company of Thailand, representing the first certified climate bonds to be issued in Thailand. These details were announced on December 11. The transaction comprised of two tranches – five years and seven years – […]
IAEA team completes Philippines infrastructure review
The INIR team included experts from Algeria, Morocco, Spain and the UK as well as IAEA staff. It reviewed the status of nuclear development using the Phase 1 criteria of the IAEA’s Milestones Approach, a phased comprehensive method to assist countries that are considering or planning their first nuclear power plant to follow a sound […]
Thailand’s PTTEP boosts gas production, reserves with contract wins
Singapore — Thailand’s energy ministry has awarded the renewed production sharing contracts for two major gas fields to PTT Exploration and Production Public Co Ltd, boosting the state-run oil company’s gas production and reserves profile at a time when the country’s output has been flagging. PTTEP’s auction wins for the Erawan and Bongkot natural gas […]
KKR powers up Singapore’s Barghest Building Performance with $33m investment
KKR has invested S$45m ($33m) in Singapore-based energy savings business Barghest Building Performance, as the firm peruses its impact investment strategy. BBP provides energy efficiency services for heating, ventilation and air conditioning systems in commercial and industrial buildings. The company has operations across Southeast Asia, China, India and Taiwan. KKR launched its dedicated Global Impact business in 2018 to invest in businesses […]
