US$500 Million ADB Loan to Support Indonesia’s Energy Sector, Green Recovery

TEMPO.CO, Manila, Philippines – On Thursday, November 24, 2022, the Asian Development Bank (ADB) had approved a US$500 million loan to support Indonesia’s energy sector reforms to boost fiscal sustainability and governance, expand private sector investments in clean and renewable energy, and promote green recovery from the coronavirus disease (COVID-19) pandemic, according to a press […]

Malaysia’s Petronas registers higher profit in Q3 on higher oil prices

KUALA LUMPUR, Nov. 30 (Xinhua) — Malaysia’s state-owned energy firm Petroliam Nasional Bhd (Petronas) announced Wednesday the firm posted higher profit in the third quarter that ended Sept. 30 due to favorable price impact for major products and the favorable impact of the exchange rate.