Malaysia Debt Ventures Berhad (MDV), a subsidiary of the Minister of Finance and an agency under the purview of the Ministry of Science, Technology and Innovation (MOSTI) of Malaysia, is targeting total approvals of MYR 300 million ($71.06 million) in financing for energy transition projects under the National Energy Transition Facility (NETF) by the end of 2025. The firm said in a statement on Thursday that this target includes an estimation of MYR 70 million ($16.58 million) in targeted...

Áp thấp nhiệt đới vào Biển Đông đêm qua đã mạnh lên thành bão, cơn bão số 8, tên quốc tế là Mitag. Dự báo, bão đi vào đất liền Trung Quốc, nhưng sẽ có tác động đến thời tiết trên biển và đất liền nước ta. Theo Trung tâm Dự báo khí tượng thủy văn quốc gia, trưa hôm nay (18/9), áp thấp nhiệt đới đã mạnh lên thành...

Twenty commercial banks, collectively managing more than $5.6 trillion in assets, have joined the Alliance for Green Commercial Banks, an initiative of International Finance Corporation (IFC), a member of the World Bank Group. IFC said in a statement on Tuesday that this inaugural cohort marks an important step in accelerating the transformation of commercial banks towards excellence in green banking—integrating global best practices with innovative business models for sustainable...

Princeton Digital Group (PDG), the Singapore-based data center provider, announced Wednesday a strategic partnership with oil and gas firm Pertamina Patra Niaga to roll out hydrotreated vegetable oil (HVO) as a replacement for diesel fuel across its Indonesian operations. This milestone marks a significant step in PDG’s commitment to reducing its Scope 1 carbon footprint and advancing sustainable data center operations in the region, PDG said in a statement. HVO is a renewable biofuel...

Clime Capital, the Singapore-based fund manager focused on accelerating the low-carbon transition, announced Wednesday the launch of SEACEF TAF, an independent Technical Assistance Facility, to boost its impact in the region by delivering tailored strategic support alongside its investments in clean energy technologies and businesses in Southeast Asia. Clime Capital said in a statement that SEACEF TAF operates independently through pre-investment market development and post-investment...

The Monetary Authority of Singapore (MAS) announced Monday that the Green Investments Partnership (GIP), a blended finance partnership under Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative, has achieved its first close with $510 million of committed capital from global and regional private, public and philanthropic institutions. The capital will be deployed into green and sustainable infrastructure opportunities in Southeast and South Asia across a strong...

Analysts have stayed upbeat on Malaysia’s renewable energy (RE) sector after the government’s projects are gaining momentum. Maybank Investment bank said in its recent note that it has reiterated its positive call on Malaysia’s RE sector, driven by supportive policy reforms and an accelerating project pipeline. On August 29, the Energy Commission cut system access charge (SAC) under the Corporate Renewable Energy Supply Scheme (CRESS) and Community Renewable Energy...

Tenaga Nasional Berhad (TNB), Petroliam Nasional Berhad (Petronas) and Terengganu Inc have advanced Malaysia’s National Energy Transition Roadmap (NETR) with hybrid hydro floating solar, green hydrogen hub development in Terengganu. Petronas said in a statement on Tuesday that these initiatives aim to position Malaysia as a regional leader in the green hydrogen value chain while supporting the NETR and the Hydrogen Economy and Technology Roadmap (HETR). The Green Hydrogen Hub is a...

Access to credit is more than a financial service—it’s an engine for growth. With access to credit, businesses are able to expand and create jobs, which in turn leads to increased economic activity. It allows people to spread out the cost of large purchases such as property over time, making them more accessible. But in Southeast Asia, where millions remain underbanked or underserved, “access” without transparency can quickly become exploitation. From ex-head of bank...

Access to credit is more than a financial service—it’s an engine for growth. With access to credit, businesses are able to expand and create jobs, which in turn leads to increased economic activity. It allows people to spread out the cost of large purchases such as property over time, making them more accessible. But in Southeast Asia, where millions remain underbanked or underserved, “access” without transparency can quickly become exploitation. From ex-head of bank...

Waterhub, an Indonesian startup providing clean, affordable drinking water through filtration systems, has secured an undisclosed amount in funding to scale its operations across Indonesia. The round was led by Archipelago VC, with participation from The Radical Fund, Waterhub said in a statement on Monday. The funds raised will be used to ramp up machine production, expand the team, and fuel research and development (R&D), especially in further refining its filtration technology and...

Malaysia’s clean energy solutions provider Gentari has on last Wednesday marked the groundbreaking of the Maryvale solar and energy storage project, a key milestone in delivering reliable, low-carbon energy for New South Wales (NSW). The firm said in a statement that the project Maryvale is a next-generation hybrid renewable energy facility that integrates a 243 MWp solar installation with a 172 MW/409 MWh battery energy storage system (BESS). Once operational, it can deliver up to...