Following the success of previous editions, Net Zero Challenge 2025, Vietnam’s largest climate innovation competition, has officially launched its third edition. Co-organized by Touchstone Partners and Temasek Foundation, this innovation challenge is in partnership with the Ho Chi Minh City Institute for Development Studies (HIDS) and supported by a global network of innovation partners, Touchstone Partners and Temasek Foundation said in a statement on Tuesday. In 2025, participating...

With nearly 19,000 electric vehicles sold in 2024, the Philippines is looking to catch up in Southeast Asia’s electric vehicle (EV) race as ecosystem players like VinFast work to overcome hurdles around charging access, maintenance, and affordability. VinFast said in a statement on Tuesday that emerging Asia’s electric vehicle market reached nearly 400,000 sales in 2024, but the gains were spread unevenly across the region. It is noted that in Southeast Asia, Vietnam led the way...

XL Ventures Pte Ltd, a Singapore-headquartered climate tech focused company, has received In-Principle Approval from the Monetary Authority of Singapore (MAS) to perform licensed Venture Capital Fund Manager (VCFM) activities in Singapore. XL Ventures said in a statement on Friday that the firm plans to partner closely with a select number of early-stage companies, providing hands-on support to help them establish operations and scale in Asia. The firm will also foster partnerships with...

Malaysia-based engineering, property and infrastructure firm Gamuda said its wholly owned Australian subsidiary Gamuda Holdings Pty Ltd has signed a landmark agreement with local Tasmanian landowners to co-develop a portfolio of large-scale renewable energy (RE) projects in Central Tasmania. The portfolio represents a combined capacity of 600 MW of wind and solar energy generation and up to 600 MW of battery storage (BESS), Gamuda said in a statement on Tuesday. The portfolio, which...

Malaysian telco Maxis has reaffirmed its commitment to sustainability and a greener future by showcased its progress in emissions reduction, and its initiatives to expand adoption of renewable energy across Malaysia. The firm said in a statement on last Wednesday that it aims to integrate environmental benefits through improvements in its network and operations while empowering consumers with accessible green energy. With a customer base of 10.4 million subscribers and 780,000 homes, the...

Malaysia-based clean energy infrastructure developer, Solarvest Holdings Berhad, through its wholly-owned subsidiary, Atlantic Blue Sdn Bhd, has secured Brunei’s largest national solar project via a joint venture company, Seri Suria Power (B) Sdn Bhd, in partnership with Serikandi Oilfield Services Sdn Bhd and Khazanah Satu Sdn Bhd. Solarvest said in a statement on Monday that set to commence in the third quarter of 2025, the appointment permits Seri Suria Power (B) Sdn Bhd to invest,...

To address Southeast Asia’s growing energy demand and support local economies, the International Finance Corporation (IFC), a member of the World Bank Group, is providing a loan package of up to THB3,140 million (approximately $92 million) to Winchai Company Limited – a wholly-owned subsidiary of Sermsang Power Corporation Public Company Limited (SSP). IFC said in a statement on Thursday that the financing package will support the development and operation of renewable energy...

Malaysia-based Yinson GreenTech and RMS Marine & Offshore Service (Singapore) Pte. Ltd. have signed a letter of intent (LOI) to advance marine electrification and sustainable maritime solutions in Singapore. Yinson GreenTech said in a statement on last Thursday that under the LOI, RMS intends to collaborate with Yinson GreenTech to explore the adoption of electric vessels to support its maritime operations within the Port Limits of Singapore. Yinson GreenTech will manage the...

Green and Smart Mobility Joint Stock Company (GSM) has on Tuesday officially launched Green GSM, the first all-electric taxi service in the Philippines. The firm said in a statement that the launch marks GSM’s entry into fourth international markets, following Vietnam, Laos, and Indonesia, and represents a significant milestone in the company’s “Go Green Global” strategy to advance sustainable mobility worldwide. Green GSM will begin operations in ten of the 16...

Hong Kong-based renewable energy (RE) specialist Clean Kinetics has announced it has raised S$4.3 million（$3.34 million）in a Series A funding round to drive its asset development and international expansion plans in the renewables infrastructure space. Clean Kinetics said in a statement this funding round was led by a couple of regional family office-backed private investors. The investment will support the firm’s expansion plans and growing project pipeline, which targets to grow its...

More than 1,100 technical and vocational education and training (TVET) educators and 5,600 students have been upskilled through Malaysia’s first large-scale artificial intelligence (AI) and cybersecurity training initiative the Rakyat Digital – Digital Vocational Education and Training (DVET). SOLS Foundation said in a statement on Thursday that the program was implemented by the foundation in collaboration with IBM SkillsBuild, and supported by the Ministry of Digital Malaysia...

Indonesian investment platform ANGIN has announced its latest investments in Collabit and Arconesia, two Indonesian startups committed to driving sustainable impact through innovative business models. ANGIN said in a statement on Thursday that these investments are made possible through continued support from KEM (Koalisi Ekonomi Membumi), which has extended funding for ANGIN to deploy as Indonesian soft loans to high-potential, impact-driven businesses. These loans are intentionally...