Asian markets rallied on Friday, bringing a volatile week to a positive end as tech firms extended their rebound while investors tracked advances on Wall Street following reports Donald Trump is planning to unveil a big-spending public works plan.Global equities have struggled this week, hit by profit-taking, fears over the progress of a probe into Russia's US election meddling, stumbling Brexit t
After spending years building up its gas-power business, General Electric Co. is trying to figure out how to keep pace in a world that’s no longer all that interested in fossil fuels.The plan to cut 12,000 jobs, or almost one-fifth of the power division’s global workforce, underscores GE’s bad bet on an old-school industry as natural gas loses favor and renewable energy gains.
As the Southeast Asian region develops rapidly, its future lies in sustainable development. The combined Gross Domestic Product (GDP) of Association of Southeast Asia Nations (ASEAN) members stands at 2.4 trillion dollars. As a singular economic bloc, ASEAN is the seventh largest economy in the world and is poised to be the fourth largest by 2050.
OPEC and its allies outside the group agreed to maintain oil production cuts until the end of 2018, extending their campaign to wrest back control of the global market from America’s shale industry.After a day of talks in Vienna, the decision showed the strength of the unprecedented alliance between the world’s top two oil producers, Saudi Arabia and Russia, and confounded Wall Street analysts who
ENGIE – a French multinational company with operations located across 70 countries, is one of the world's leading energy giants in the renewable energy sector. The ENGIE Group also works with its own research and development lab known as the Center for Research and Innovation on Gas and New Energies (CRIGEN).
The recently concluded Singapore International Energy Week (SIEW) 2017, now into its tenth edition, had a larger focus on renewable energy as compared to oil and gas, coal or nuclear energy. During the event, which saw the gathering of the region’s leading minds and players, Singaporean Deputy Prime Minister Teo Chee Hean revealed Singapore’s latest masterplan.
Based on Bloomberg’s New Energy Finance "New Energy Outlook" report, solar and wind power generation will dominate the future of electricity where 72 percent of the 10.2 trillion dollars spent on new power generation and installation worldwide between now to 2040 will be invested in new solar photovoltaic (PV) plants and wind parks.Although there has been rapid installation of solar energy systems
Indonesia is the largest energy consumer among all ASEAN member states. With over 261 million people living in the country, energy demand in the archipelagic country is growing rapidly. It currently has a total installed energy capacity of 57.6 gigawatts (GW).
Singapore plans to develop solar power and energy-storage technologies as the oil-trading hub of Asia pushes to generate more of its power from renewable sources.The city-state is testing floating power projects in its reservoirs, a technology that could help solar meet as much as a quarter of electricity demand by 2025, Deputy Prime Minister Teo Chee Hean said Monday in a speech opening Singapore
The Southeast Asian region is gifted with rich and diverse renewable energy sources. With the abundance of renewable energy sources in the region, it is timely for ASEAN nations to focus on renewable energy installation amidst diminishing fossil fuel reserves and the growing environmental concerns over fossil fuels and climate change, in particular.