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 […]
Read MorePETALING 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 […]
Read MoreKasikornbank (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. […]
Read MoreThe Energy Regulatory Commission (ERC) will increase the monthly electric rate for January-April 2019 to 3.64 baht per kilowatt-hour, up 1.2% from 3.60 baht in the September-December period. Power bills have been stable over the previous four periods from September 2017 to December 2018, making it the first rise in 16 months, said ERC secretary-general […]
Read MoreIn a bid to boost trade with Asean countries, the Ministry of Commerce has started work on a plan that would allow special economic zones located near the border to issue certificate of origins to traders. Technical assistance will be provided in order to build up the capacity of local commercial officials and staff at […]
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Thailand
