New taxes for EVs
The national committee in charge of promoting the electric-vehicle (EV) industry has approved a new car tax structure to support the production of hybrid vehicles as part of a plan to convert internal combustion engines to electric power.
Petronas awards four new production sharing contracts under Malaysia Bid Round 2024
KUALA LUMPUR (Dec 5): Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), has announced the awarding of production sharing contracts (PSCs) for three discovered resource opportunities (DRO) clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, which was launched earlier this year.
Indonesia’s Energy Ministry Offers 6 Oil and Gas Blocks in Second 2024 Auction
TEMPO.CO, Jakarta – The Indonesian Ministry of Energy and Mineral Resources (ESDM) on Tuesday announced the auction for six oil and gas blocks in the second stage of 2024. This auction presents exploration potential, with estimated reserves reaching up to 48 billion barrels of oil equivalent (BOE).
Grid investments, electricity planning and sectoral reform needed to decarbonise Malaysia’s energy sector
While Malaysia has pledged an ambitious 70 per cent renewable energy target by 2050, mobilising investments in the grid and utilising “quick wins” may be key to realising goals while awaiting sectoral reforms.
Vietnam, Japan collaborate to drive energy transition
Hanoi (VNA) – Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son hosted a reception in Hanoi on December 4 for Chairman of the Board of Directors of the Japan Bank for International Cooperation (JBIC) Maeda Tadashi.
Thailand to extend production timeframe for battery EVs
THAILAND will extend a production timeframe for battery electric vehicles (BEVs) and offer incentives for hybrid EVs to support the industry in South-east Asia’s automobile hub, its Board of Investment said on Wednesday (Dec 4).
PE2 anticipates boost in EE projects with improved incentives under CREATE law
The Philippine Energy Efficiency Alliance (PE2) anticipates a significant increase in energy efficiency projects seeking registration with the Department of Energy (DOE) and the Board of Investments (BOI) due to the improved incentive package under CREATE MORE law.
Myanmar power output dims by one-third under junta rule
Blackouts have become common across Myanmar, where electricity generation has plunged by at least a third since the 2021 coup d’état — a drop that analysts say due to economic mismanagement.
