Palaszczuk government renewable energy

View of the online conference between the Government and the localities related to the city’s socio-economy. The proposal was released by chairman Mai at an online conference between the Government and the localities related to the city’s socio-economic reports in the first six months and assigned missions in the second half of the year, implementing resolutions of the third plenary session of the 15th-tenure National Assembly on July 4. Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai speaks at the conference. At the city’s working place, chairman Mai informed prompt and comprehensive recovery of the city's socio-economy and it is expected to reach the growth as the pre- Covid-19 pandemic period. Specifically, the city’s economic growth in the second quarter surged by 5.74 percent and up to 3.82 percent in the first half of the year. The budget revenue has reached 61.7 percent which would promote the whole year’s economic growth to 6-6.5 percent. … [Read more...] about HCMC proposes Government promulgate implementation resolution of Ring Road 3

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

Participants at the conference in Hanoi (Photo: VNA) Hanoi (VNA) - Vietnam’s economy is estimated to grow by 6.42% in the first half of 2022, higher than expected, heard a Government teleconference on July 4. macro-economy continued to be stable, inflation was controlled and major balances were ensured during the first six months, in which the average consumer price index ( CPI ) increased by 2.44%, a relatively low level compared to the same period of pre-pandemic years. At the teleconference, leaders of ministries, sectors and localities stressed the need to strive for a GDP growth rate of 7% for the whole year, higher than the target of 6-6.5% assigned by the National Assembly and set out by the Government, thus creating a motivation for economic growth in 2023./. VNA … [Read more...] about Vietnam’s GDP growth estimated at 6.42% in H1: Teleconference

Kuala Lumpur (VNA) – Malaysian Prime Minister Ismail Sabri Yaakob has afffirmed that the government will seek measures to deal with the rising prices of commodities. Speaking at a tourism event on July 3, the PM said that currently, the Malaysian has spent a subsidy of 17.6 billion USD to stabilise the prices of necesities such as chicken, eggs, cooking oil, water, petrol and electricity. The country has given a number of short, middle and long-term solutions to easr people’s burden from rising prices of commodities , he said. He underlined that the Malaysian Government will continue to focus on programmes and initiatives that bring about prosperity and interest to people, ensuring that no one is left behind. Earlier, the Malaysian PM said that the country will set up a Food Security Committee to ensure the effective implementation of its national food security policies in the 2021-2025 period. A special taskforce will also be formed to control inflation, he … [Read more...] about Malaysia rolls out measures to stabilise commodities’ prices

The Business Climate Index is the leading indicator of the European business and investment community in Vietnam. European businesses in Vietnam expressed their positiveness about Vietnam’s prospects for green growth, according to the latest Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and YouGov Vietnam. CEOs of European businesses gather an event in Ho Chi Minh City last April. Photo: EuroCham According to the BCI, nearly 80% of participants said their assessment of Vietnam’s green development potential improved from the first quarter of this year. About 44% of the respondents have good and excellent outlook regarding the potential for Vietnam’s green and sustainable development. Regarding the link between green growth and foreign-direct investment (FDI), nearly 90% of the respondents believed Vietnam should accelerate green sector development to attract more foreign investment. EuroCham Chairman Alain … [Read more...] about European businesses positive about Vietnam’s prospects for green growth

Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. The Vietnamese Government would stay focused on stabilizing macro-economic conditions, containing inflation, and keeping all major balances intact. Overview of the meeting. Source: VGP Prime Minister Pham Minh Chinh gave his conclusion at the monthly Government meeting held today [July 4]. According to Chinh, Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. Chinh highlighted the GDP growth of 7.72% in the second quarter, the highest second-quarter growth since 2011, and the six-month GDP growth of 6.42%. Such  half-year growth rate is even higher than the pre-pandemic one. (6.38% in the 2016-2019 period). In this context, 44 out of 63 provinces/cities posted economic growth of over 6%, which showed a consistent recovery level among localities, he said. Other positive factors include … [Read more...] about Vietnam to solidify macro-economic stability: PM