Oil and gas non renewable energy

Jakarta (VNA) – Indonesia's state-owned electricity company PLN has axed a project to develop a coal-fired power plant as the country chases its long-delayed commitments to cut carbon dioxide emissions . PLN vice president of corporate communications Gregorius Adi Trianto confirmed that the company had canceled its plan to build the 1-gigawatt (GW) plant in Indramayu, West Java. It proactively stopped borrowing funds for the project as part of PLN's efforts to reach the country’s carbon neutral goal by 2060, Gregorius was quoted by local media as saying. The project’s termination came after Japan announced that it had canceled a plan to provide a loan worth 1.7 billion (12.55 million USD) for developing the Indramayu plant amid growing international criticism of coal power plants, a major source of greenhouse gas emissions. According to Indonesia ’s Ministry of Energy and Mineral Resources, total investment in the power sector reached 700 million USD in the first … [Read more...] about Indonesia cancels giant coal-fired power project

Around 1 p.m., power went out in Hanoi’s inner districts like Ba Dinh, Cau Giay, Nam Tu Liem, Hai Ba Trung, and Hoang Mai. Nghia, manager of an office building in the Cau Giay District, stated that the power was restored after about 30 minutes. However the voltage spiked to more than 240 kilovolts (kV), causing some electrical equipment to be damaged. The damage is being assessed by building management. An employee of a media company in Hai Ba Trung District reported that while eating lunch at the office, power suddenly went out then came back on and then went out again. The loss of power recurred 10-15 minutes, causing many company equipment to be "turned on and off multiple times." Hanoi University of Science and Technology, located in Hai Ba Trung District, had to announce that "the entire school lost power due to a power grid failure in the city. We hope teachers and students understand for this inconvenience." The power was restored around 2:40 p.m., and normal … [Read more...] about Northern Vietnam hit by massive power outages

Hanoi (VNA) – The University Ranking by Academic Performance (URAP), a Turkish non-profit organisation, has honoured 17 Vietnamese universities for their outstanding academic performance globally in 2022. Accordingly, the Ho Chi Minh City based-Ton Duc Thang University was ranked 427th, Duy Tan University 446th, Vietnam National University in HCM City 1,013rd, and Vietnam National University in Hanoi 1,104th. Other universities included were Hanoi Medical University (1,235th), Hanoi University of Technology (1,379th), Nguyen Tat Thanh University (1,526th), Hue University (2,178th), HCM City University of Technology (2,203rd), and Can Tho University (2,291st). Last year, Vietnam had 12 universities on the URAP ’s list. The five new universities entering the 2022 ranking are Thai Nguyen University, HCM City University of Technology, HCM City University of Industry, and University of Technical and Education HCM City, and Thuy Loi University. Notably, Duy Tan and Ton … [Read more...] about 17 Vietnamese universities enter URAP rankings

Compal’s executives paid a visit to Nghe An to explore the feasibility of investment in the locality. WHA Industrial Zone 1 - Nghe An, owned by Thailand’s WHA Group, has the potential for developing tech manufacturing activities thanks to its advantages of modern infrastructure, transport connectivity, and environmental care. WHA Industrial Zone 1 is developed with high-quality standard infrastructure and world-class facilities. The 143.5-hectare Phase 1 of WHA Industrial Zone 1 has been completed with a high occupancy rate. Meanwhile, it is on track to complete the second phase with 354.5-hectare in October. Given that Compal is looking for a 50ha manufacturing site, the second phase of WHA Industrial Zone 1 could be ideal for Compal to kickstart its new manufacturing facility in Vietnam. WHA Industrial Zone 1 in Nghe An Ever since its initiation as a PC peripheral supplier in 1984, Compal has grown to its present scale with outstanding management and solid research … [Read more...] about WHA Industrial Zone 1 in Nghe An ready to welcome tech giant Compal

The Civil Aviation Administration of Vietnam (CAAV) has called on airlines to well handle increased demand during the peak of summer, ensuring that there are not illegal increases in ticket prices or limits on people picking up or dropping off travellers at the airport, especially at Nội Bài and Tân Sơn Nhất international airports. Airplanes at Nội Bài International Airport in Hanoi. — VNA/VNS Photo These were among the directives that the CAAV issued to enhance traffic safety and prevent congestion at airports during the peak summer of 2022. CAAV also directed the Airports Corporation of Vietnam (ACV) to urgently study solutions to limit congestion at Nội Bài and Tân Sơn Nhất international airports. Nội Bài and Tân Sơn Nhất international airports should re-check passenger service lines, and signs; install more information boards announcing flights, anhd/or replace larger flight announcement signs in the lounge area. These two airports will … [Read more...] about Airlines instructed not to illegally raise prices over summer

On a street in Kuala Lumpur, Malaysia (Photo:AFP/VNA) Kuala Lumpur (VNA) - Malaysia’s economic recovery remains in sight with a better trend as signalled by Malaysia's macroeconomic performance in April 2022 amid global uncertainty, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in a statement that Malaysia is blessed with natural resources and commodities such as petroleum products and palm oil. As a net commodity exporter, Malaysia also benefits from higher commodity prices resulting in the country’s total trade chalking up a double-digit annual growth of 21.3% to 231.4 billion RM, he said. Exports rose 20.7% to 27.5 billion RM while imports went up 22% to 103.9 billion RM. The trade balance rose 15.7% and continued to remain in surplus at 23.5 billion RM. Malaysia's trade performance in May 2022 remained resilient, recording the fastest growth since November 2021, with total trade surpassing 1 … [Read more...] about Malaysia witnesses strong economic recovery