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BYD will establish its second production base in Southeast Asia, and the location is Cambodia. It will build an electric vehicle assembly plant in Cambodia, and Cambodian Prime Minister Hun Manet welcomed this.
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The forum, slated to take place in Bangkok, Thailand, at the end of the year, aims at promoting critical mineral resources.
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Pangilinan-led PXP Energy Corp. has relinquished a contract to harness oil and gas resources in an offshore area northwest of Palawan after assessing it had no potential for further exploration.
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Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country’s upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said.
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PT PLN (Persero) has reinforced its collaboration with the United States Agency for International Development (USAID) to expedite Indonesia’s energy transition through various renewable energy and electricity modernization initiatives. This renewed commitment was formalized with the signing of the continuation of the Terms of Reference (TOR) at the PLN Head Office in Jakarta.
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Thailand should develop a strategic petroleum reserve (SPR) to enhance oil security amidst global supply disruptions.