Singapore introduces new energy transition bill to decarbonise its power sector
Singapore’s Ministry of Trade and Industry (MTI) has introduced a new energy transition bill for first reading in the country’s Parliament.
Chinese EV maker sees Vietnam as key market in Southeast Asia
Chinese electric vehicle (EV) maker BYD has chosen Vietnam as a key market for its development in Southeast Asia, Vo Minh Luc, CEO of BYD Auto Vietnam, has said.
Singapore’s Sembcorp pays $131 mln for acquiring renewable energy projects in Vietnam
Singaporean giant Sembcorp Industries spent SGD174 million ($131.1 million) on the acquisitions of majority interests in three out of four renewable energy subsidiaries of Vietnamese conglomerate Gelex.
Indonesia launches China-built anode plant for EV batteries
Indonesia’s President Joko Widodo on Wednesday inaugurated a plant built by China’s BTR New Material Group and Singapore’s Stellar Investment that will produce anode materials for EV batteries.
Garment, footwear companies promote green production
As a major textile and garment enterprise in Vietnam, Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCG) has recognized the requirements of major importing countries for green production.
Sinopec, PetroChina lead the way in investment surge in Indonesia’s oil and gas sector
Chinese companies have been increasingly investing in oil and gas through working visits to Indonesia by a number of Chinese companies since last May.
Malaysia to reduce fuel subsidies as inflation weakens
Malaysia is phasing out gas and diesel subsidies as inflation eases, working to reduce expenditures that ballooned during the coronavirus pandemic and rebuild government finances.
EMA can impose power rationing during an emergency under proposed law
The Energy Market Authority (EMA) will be able to direct generation companies and consumers to ration power in an emergency to maintain the stability of the power system, under proposed laws introduced in Parliament on Aug 6.
