Bank Islam aims to boost green financing by RM800m
BANK Islam Malaysia Bhd aims to expand its green financing book by another RM800 million this year, as the country’s largest Islamic bank is set to increase the segment’s revenue contribution to 20% by 2021 from 14% presently. CEO Mohd Muazzam Mohamed said the bank is ready to be at the forefront of green financing […]
PhilEnergy to Empower Innovative Energy Solutions in the Philippines
TAGUIG, Philippines, Feb. 24, 2020 /PRNewswire/ — Clean energy will take the spotlight as PhilEnergy highlights the most innovative alternative energy solutions in the Philippines. Informa Markets, a global leader in organizing business-to-business trade events, is launching the Philippines’ most comprehensive international energy trade event entitled, PhilEnergy. This international platform will showcase the latest alternative energy solutions in the Renewable Energy, Energy Efficiency, Electric […]
Indonesia could lose coal buyers over regulation mandating use of local ships: APBI
Indonesian coal miners may lose buyers because of a regulation that requires coal exporters to only use domestic shipping companies and insurance services, experts have warned. The head of the marketing and logistics department at the Indonesian Coal Mining Association (APBI) Hendri Tan said that many overseas buyers would choose to import coal from other countries because of […]
Fear? Cost? Fame? What’s turning on Asian businesses to renewable energy?
Businesses hardly ever adopt renewable energy for altruistic reasons, but does that matter? In this interview with Eco-Business, Lionel Steinitz, CEO of LYS Energy, talks about why firms go green, and how Southeast Asia can unlock its solar potential. Lionel Steinitz, the founder and chief executive of Singapore-based renewable energy firm LYS Energy Group, came to Singapore […]
Ditrolic Solar and UOB Malaysia sign agreement to help Malaysian companies adopt renewable energy
Ditrolic Sdn Bhd (Ditrolic Solar), one of Malaysia’s largest commercial and industrial rooftop solar panel providers, has signed an agreement with United Overseas Bank (Malaysia) Bhd (UOB Malaysia) to provide installation and management services of solar power systems for the Bank’s corporate clients. The collaboration marks the fourth tie-up between UOB Malaysia and a leading […]
NEP Phase 1 to be finished at the end of Sept
Phase 1 of National Electrification Project (NEP) will be finalized at the end of September this year to provide electricity to 626,757 family households from 5,080 villages, said Union Minister Win Khaing for Electricity and Energy. The government received a US$310 million loan from the World Bank (WB) to implement the NEP. Myanmar has 51 […]
Petronas’ 2nd LNG vessel sails for Malaysia from South Korea
Petroliam Nasional Bhd’s (Petronas) second floating liquefied natural gas (LNG) vessel (PFLNG Dua) has set sail to Rotan Gas Field, 140km offshore Kota Kinabalu, Sabah, from South Korea. The PFLNG Dua is expected to complete its journey, covering 1,840 nautical miles (3407.68km), in approximately two weeks. Its executive VP and CEO of gas and new […]
ESDM waiting on new regulations for auctions on geothermal working areas in Indonesia
The Indonesian Ministry of Energy and Mineral Resources (ESDM) said that this year’s geothermal working area (WKP) auction is still waiting for new regulations. The government is drafting rules to make investment in the sector more attractive. The new rules also aim to reduce electricity prices from geothermal power plants. “The main thing is we […]
