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Indonesia: PJB-Masdar solar park project delayed over ‘legal matters’

The development of the Cirata floating photovoltaic (PV) power station in West Java has been postponed until next year, as the stakeholders are still evaluating the legality of the project. Once completed, the 200-megawatt (MW) solar park would become the largest of its kind in the world. The development project’s main stakeholders are PT Pembangkitan Jawa Bali (PJB), a subsidiary […]

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Malaysia: Rating agencies cautious over debt rise

PETALING JAYA: Rating agencies have raised their concerns over the elevated levels of Malaysia’s debt given its ratings but do acknowledge that efforts to be more transparent is a credit positive on the country’s profile. Moody’s said government debt would probably edge up to around 51% of gross domestic product (GDP) over the next two […]

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Thailand: KBank invests $50m in Grab

Kasikornbank (KBank) has splashed US$50 million (1.65 billion baht) for an investment in Grab, Southeast Asia’s leading online- to-offline (O2O) platform, to expand its new customer base to taxi drivers. Beacon Venture Capital, an arm of KBank, has bought 0.45% of Singapore-based Grab Holdings in the company’s latest recapitalisation worth copy1 billion, said KBank president Patchara Samalapa. […]

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Thailand: Fruit juice producers to protest sugar tax

Doi Kham Food Products Co, the maker and distributor of Doi Kham fruit juice, will team with the Thai Beverage Industry Association to meet the Excise Department later this month as it aims to revise the sugar consumption tax, which it says has hurt the fruit juice industry. Pipatpong Israsena, the company’s president and chief executive, […]

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