Analysts predict earnings backslide
Aggregate earnings per share (EPS) of SET-listed companies are expected to fall by as much as 25% this year because of the Covid-19 pandemic and plunging oil prices, says the Investment Analysts Association (IAA).
In bittersweet move, Vietnam approves second feed-in-tariff scheme for solar
Vietnam has signed off its much-anticipated solar support scheme, bringing developers bittersweet relief amid the ongoing coronavirus pandemic. Meanwhile, solar’s future in the country hinges on Hanoi’s next move.
Vietnam finally unveils new FITs for large-scale, rooftop, floating PV
Hanoi has set new feed-in tariff rates for utility-scale, rooftop and floating PV projects, ending a long period of policy uncertainty. The government has announced the new rates, which are broadly in line with industry expectations, roughly 10 months after the expiration of its old tariffs.
Blackstone Minerals and Korean cathode supplier in Vietnam nickel processing alliance
Blackstone Minerals (ASX: BSX) will get a A$6.8 million injection from South Korea’s largest nickel-rich cathode materials manufacturer EcoPro as the two companies agree to work together to develop a downstream nickel processing plant in northern Vietnam.
Wärtsilä Supplying 23 MW Power Plant
Wärtsilä will engineer and equip a 23 MW power plant to the island of Bantayan, located in Cebu in the Visayas Region of the Philippines.
ERC allows reduction of transmission rates
The Energy Regulatory Commission (ERC) has decided to reduce transmission rates this year to lower electricity rates.
NEA backs appeal to ‘indefinitely’ extend power coops’ payments
The National Electrification Administration (NEA) supported the appeal of rural electric cooperatives (ECs) to “indefinitely” extend the deadline of their payments to generation and transmission firms.
A wave-powered ferry aims to forge a new path for shipping in the Philippines
The hundreds of islands that make up the Visayas region in the central Philippines are connected by a vast fleet of decades-old cargo and passenger ships. These vessels are vital for moving goods and people but have long been considered major polluters of this biodiverse region, and contributors to greenhouse gas emissions.
