indo01
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Indonesia’s Prajogo Pangestu Gets Full Control Of Star Energy, Buying Thailand’s BCPG 33% Stake For $440 Million

Green Era, a private Singapore-based company controlled by Indonesian billionaire Prajogo Pangestu, has bought 33.33% of Star Energy from Thailand’s BCPG for $440 million, giving him full ownership of three geothermal projects in Indonesia. Star Energy’s projects have a total gross capacity of 875 MW. Prajogo Pangestu already owned 66.6% of Jakarta-headquartered Star Energy through Barito […]

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Vietnam: Experts raise concerns about imported inflation risk

Vietnam needs to be wary of imported inflation, especially from rising global energy and commodities prices, experts have warned, urging attention to be paid to promoting exports and putting imports under control. Vietnam needs to be wary of imported inflation, especially from rising global energy and commodities prices, experts have warned, urging attention to be […]

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Philippines: Fare hikes to push up inflation, reduce growth

MANILA, Philippines — Increasing the minimum fare in public transport could further push inflation up and affect economic growth as the government plays a balancing act between fare increase and the release of subsidies for drivers. During the House of Representatives hearing on Monday, the National Economic and Development Authority (NEDA) said the impact of […]

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Thailand: State slashes excise tax on fuels used by Egat

The cabinet on Tuesday approved cutting the excise tax on diesel and bunker oil used to generate electricity by the Electricity Generating Authority of Thailand (Egat) to zero in a bid to lower electricity bills for six months. Deputy government spokeswoman Rachada Dhnadirek said the cabinet agreed to reduce the excise tax on diesel oil […]

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