Despite China’s highest need, Southeast Asian nations like Vietnam and the Philippines are expected to increase coal industry and consumption this decade, according to industry officials. In a presentation to the Coaltrans Asia conference, its chairman Priyadi stated that the Indonesian Coal Miners Association ( ICMA ) anticipates imports fromContinue Reading
MUMBAI: India’s worsening water shortage, triggered by high consumption amid rapid economic growth and frequent natural disasters, can negatively impact the South Asian nation’s sovereign credit strength, Moody’s Ratings said on Tuesday ( Jun 25 ). Every summer, millions of Indians are affected by a shortage of water due toContinue Reading
HONOI: According to the municipal government of Vietnam’s northeastern province of Thai Nguyen, Chinese solar panel manufacturer Trina Solar plans to invest an extra US$ 420 million in the nation, bringing its complete investment to almost US$ 900 million. Trina, one of the largest solar panel producers in the worldContinue Reading
Susumu Yoshida from the Japan Chamber of Commerce and Industry told AFP that direct damage from one single power outage affecting five manufacturers at an industrial park was over US$190,000. “Total damage among IPs (industrial parks) in northern Vietnam seems to be an unaccountable amount,” he said. The Southeast AsianContinue Reading
BARCELONA: Chinese fast-fashion retailer Shein plans to become more focused on sustainability, Executive Vice Chairman Donald Tang said on Tuesday (Apr 25), adding that consumers are no longer just concerned about affordability. Shein sells US$10 dresses and US$5 tops and has taken market share from other affordable fashion retailers. TheContinue Reading
Japan’s biggest power generator JERA plans to sell its stake in a yet-to-be-built offshore wind project in Taiwan, Nikkei reported late on Friday (Feb 10), on concerns about high construction costs and low profitability. JERA plans to sell its 44 per cent stake in the Formosa 3 project off theContinue Reading
TOKYO: Japanese automaker Honda Motor plans to setup a new lithium-ion battery pack plant for electric powered vehicles in the United States along with Korean battery supplier LG Energy Option, the Nikkei company daily reported upon Monday (Aug 29). Electric battery makers are looking to increase production in the USContinue Reading
JAKARTA: Japanese carmaker Toyota Motor Corp plans to invest twenty-seven. 1 trillion rupiah (US$1. 80 billion) in Indonesia in the next five years to produce electric vehicles (EVs), Indonesia’s economics ministry said on Wednesday (Jul 27). The Southeast Asian country seeks to become a global center for producing and exportingContinue Reading