Indonesia finalizes regulations on carbon capture, storage
Indonesia has finalized regulations on the implementation of carbon capture and storage (CCS), reinforcing its commitment to reducing global carbon emissions.
![Indonesia has finalized regulations on carbon capture, storage. Photo courtesy of reccessary.com](https://i.ex-cdn.com/theinvestor.vn/files/content/2024/07/24/indonesia-the-investor-2021.jpg)
Indonesia has finalized regulations on carbon capture, storage. Photo courtesy of reccessary.com
Dadan Kusdiana, the secretary general of Ministry of Energy and Mineral Resources, announced on July 23 that the regulation is currently awaiting President Joko Widodo's approval before it can take effect.
The official said that the regulation has completed the harmonisation process and is now in the process of obtaining approval from the president.
Kusdiana added that besides contributing through CCS, Indonesia is also working on expanding the use of renewable energy and other low-carbon energy sources.
Indonesia, one of the world's largest producers and exporters of coal, has pledged to cut greenhouse gas emissions by 31.89% on its own or by 43.2% with international help by 2030.
In May 2023, the Indonesia Carbon Capture and Storage Center was established to support the development of low-carbon businesses involving hydrogen, blue and green ammonia, or blue and green methanol, in the Southeast Asian country.
In September 2023, Widodo launched Indonesia's first carbon exchange IDXCarbon to facilitate carbon trading. This scheme allows companies or organisations focused on renewable energy to sell carbon credits to emitters such as coal producers.
- Read More
Silk village Van Phuc a hub of tourism in Hanoi
Van Phuc silk village in Van Phuc ward, Ha Dong district of Hanoi is one of the most famous craft villages in Vietnam.
Travel - Sat, August 31, 2024 | 8:17 pm GMT+7
EV-maker VinFast gets $132 mln gift from billionaire Vingroup founder
Billionaire Pham Nhat Vuong, founder and chairman of Vietnam’s biggest private conglomerate Vingroup, gifted VND3.27 trillion ($131.7 million) to its EV arm VinFast in the first half of this year.
Companies - Sat, August 31, 2024 | 7:51 pm GMT+7
Eight Vietnam provinces expected to become centrally administered cities by 2030
Eight Vietnamese provinces – Thua Thien Hue, Khanh Hoa, Bac Ninh, Ba Ria-Vung Tau, Quang Ninh, Ninh Binh, Hai Duong and Binh Duong – are expected to become centrally administered cities by 2030.
Economy - Sat, August 31, 2024 | 5:39 pm GMT+7
Legal proceedings launched against 7 citizens for stock market manipulation
Legal proceedings have been launched against 42-year-old Tran Binh Minh and six others for stock market manipulation in the trading of CMS shares of Hanoi-based CMH Vietnam Group JSC.
Society - Sat, August 31, 2024 | 2:05 pm GMT+7
Bank on Vietnamese banks with sustainable growth: broker
Investors can bet on Vietnamese banks that have been allocated higher credit quotas compared to the industry’s average, exhibit sustainable growth, maintain robust capital buffers and possess high asset quality, recommends Agriseco Securities.
Finance - Sat, August 31, 2024 | 10:30 am GMT+7
Vietnam potential for growth promising for 2024, 2025: UOB exec
Vietnam's GDP in 2024 can reach 6% with "upside potential", driven by strong performance across industries like manufacturing, electronics, furniture, and motor vehicles, says Suan Teck Kin, head of research at UOB.
Economy - Sat, August 31, 2024 | 9:30 am GMT+7
Southern Vietnam real estate firms plan new project launches despite market uncertainties
Several developers in Vietnam’s southern region are planning to launch new projects despite experts saying the real estate market outlook for the remainder of this year remains uncertain.
Real Estate - Sat, August 31, 2024 | 8:00 am GMT+7
Indonesia cracks down on fake job vacancies
The Indonesian Ministry of Manpower has taken measures to combat fake information on available job vacancies, including devising a plan to establish the Task Force on the Eradication of Fake Job Advertisement, reported the country’s news agency Antara.
Southeast Asia - Fri, August 30, 2024 | 11:36 pm GMT+7
Thailand's Koh Samui cruise terminal to open by 2032
Caretaker Deputy Minister of Transport Manaporn Charoensri of Thailand has announced that a new cruise terminal in Koh Samui will open in 2032 as part of efforts to boost tourism in Surat Thani province.
Southeast Asia - Fri, August 30, 2024 | 11:33 pm GMT+7
Malaysia’s economic growth to exceed 5% this year
The Federation of Malaysian Manufacturers (FMM) has revised the 2024 economic growth projection given the stronger-than-expected momentum in the second quarter.
Southeast Asia - Fri, August 30, 2024 | 11:32 pm GMT+7
Indonesia eyes export growth with S Korea via comprehensive economic partnership agreement
The Indonesian Government is aiming to expand exports to South Korea through the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA), which has been in effect over the past year.
Southeast Asia - Fri, August 30, 2024 | 11:30 pm GMT+7
Daiwa Securities-backed SSI to reclaim Vietnam’s biggest securities firm position after new public offering
SSI Securities, invested by Tokyo-based Daiwa Securities Group, has been approved to make a public offering of 453.3 million shares in a move likely to see it reclaim from VNDirect its position as Vietnam’s biggest stock broker by charter capital.
Companies - Fri, August 30, 2024 | 7:42 pm GMT+7
Heineken Vietnam targets net zero carbon emissions in 2030: exec
Heineken Vietnam strives to reach net zero carbon emissions in 2030, managing director Wietse Mutters told National Assembly Vice Chairman Nguyen Duc Hai.
Companies - Fri, August 30, 2024 | 7:37 pm GMT+7
Vingroup starts building world-class expo center in Hanoi
Vietnamese conglomerate Vingroup has kick-started the construction of a much-awaited world-class exhibition fair center on the outskirts of Hanoi.
Infrastructure - Fri, August 30, 2024 | 3:52 pm GMT+7
Vietnam should pay heed to culinary needs of Indian tourists: Vietravel exec
The 4,500 tourists from India’s Sun Pharmaceutical Industries Group visiting Vietnam are having their particular dietary needs carefully catered to, says leading Vietnamese travel agency Vietravel.
Travel - Fri, August 30, 2024 | 3:11 pm GMT+7
Sweden’s Ericsson, Vietnam university collaborate to drive digitalization with 5G
Sweden’s Ericsson and Hanoi-based Postal and Telecommunications Institute of Technology (PTIT) will collaborate in preparing Vietnamese students to drive the country’s digital transformation with 5G technology.
Companies - Fri, August 30, 2024 | 2:45 pm GMT+7