Malaysian airlines to charge carbon levy soon
Malaysia is gearing up for greener skies once the carbon levy collection by the airlines comes into effect as soon as the Malaysian Aviation Commission (MAVCOM) makes the necessary review, according to Assoc Prof Major Dr Mohd Harridon Mohamed Suffian, an aviation and aerospace expert.
Transport Minister Anthony Loke recently said that the carbon levy can be imposed once the MAVCOM makes the necessary amendments to the MAVCOM (Code of Conduct) Regulations 2018.
Mohd Harridon said the carbon levy is a good strategy for Malaysia’s overall carbon footprint reduction through a linear progression by 2050.
The levy imposed by the airlines is to offset their carbon emissions and is an international obligation applicable to all airlines, not only in Malaysia, to contribute towards the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
Denmark, Sweden, South Africa and the Netherlands are among the countries that have imposed carbon levies upon passengers.
The airlines can either use the levy to purchase sustainable aviation fuel (SAF) or pay credit to offset their carbon emission, explained Mohd Harridon. SAF is recognised globally as the most feasible option to reduce aviation emissions in the near term.
It also gives another avenue for Malaysia to develop its industry around it, he said.
- Read More
Private lender VPBank targets 114% profit growth in 2024
Vietnam’s leading private lender VPBank targets to rake in VND23.17 trillion ($914.18 million) in pre-tax profit this year, a year-on-year increase of 114%, according to its 2024 business plan approved by shareholders at the AGM on Monday.
Banking - Mon, April 29, 2024 | 11:13 pm GMT+7
Construction firm Lizen to focus on transport infrastructure, suspend some renewables projects
With real estate market remaining sluggish and renewable energy policies yet to be finalized, construction firm Lizen has decided to focus on transport infrastructure and electrical engineering.
Companies - Mon, April 29, 2024 | 10:39 pm GMT+7
Speculative groups stand behind Hanoi apartment fever: association
The recent apartment fever that has swept in Hanoi shows signs of being impacted by speculative groups who have created virtual supply and demand to push prices up, according to the Vietnam Association of Realtors (VARS).
Real Estate - Mon, April 29, 2024 | 4:07 pm GMT+7
Vietnam industrial production expands 6% in Jan-April
Vietnam's index of industrial production (IIP) remained on an upward trend, rising 6.3% year-on-year in April and 6% in January-April this year.
Economy - Mon, April 29, 2024 | 3:50 pm GMT+7
Industrial real estate still leads Vietnam market: experts
Despite difficulties, industrial park real estate still leads the market, attracting sustainable foreign direct investment (FDI) to Vietnam, said experts.
Industrial real estate - Mon, April 29, 2024 | 2:38 pm GMT+7
Hanoi photo exhibition depicts Vietnam’s significant victories in 20th century
A photo exhibition highlighting Vietnam’s victories that changed the course of world history is being held at the pedestrian space around Hoan Kiem Lake downtown Hanoi.
Travel - Mon, April 29, 2024 | 1:41 pm GMT+7
Hanoi’s top painters exhibit their work dedicated to national flower
The lotus – Vietnam’s national flower, is being honored at an art exhibition that opened in Hanoi on Sunday.
Travel - Mon, April 29, 2024 | 1:39 pm GMT+7
Thailand carries out cabinet reshuffle
The new cabinet of Thai Prime Minister Srettha Thavisin was announced on Sunday.
Southeast Asia - Mon, April 29, 2024 | 1:37 pm GMT+7
Vietnam's M&A activity bounces back in Q1
After a rather gloomy 2023, merger & acquisition (M&A) activity in Vietnam recorded a significant recovery in the first quarter of 2024.
Finance - Mon, April 29, 2024 | 10:59 am GMT+7
Nam Cau Kien eco-industrial park - A circular economy pioneer
Enterprises are encouraged to transform to the circular economy model, but they still face obstacles in accessing preferential policies. Procedures to receive credit packages from domestic and foreign organizations are complicated and have criteria that most businesses cannot meet, writes Pham Hong Diep, chairman of industrial real estate developer Shinec JSC.
Industrial real estate - Mon, April 29, 2024 | 9:11 am GMT+7
How tech empowers insurance agents in Vietnam
Vietnam's insurance industry stands at the threshold of a transformative era, one marked by significant potential and rapid digital evolution, writes Tri Nguyen, country manager for Vietnam at Singapore-based insurance firm Igloo.
Consulting - Mon, April 29, 2024 | 7:00 am GMT+7
Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam province
Hoiana Resort & Golf has raised over VND1.2 billion ($473,000) from holding a charity golf tournament to support disadvantaged children in the central province of Quang Nam.
Travel - Sun, April 28, 2024 | 7:14 pm GMT+7
Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%
Six funds related to Dragon Capital, one of major fund management companies in Vietnam, have bought in a combined 4.66 million shares of leading Vietnamese retailer Mobile World Investment Corporation.
Companies - Sun, April 28, 2024 | 4:24 pm GMT+7
Vietnam real estate market can flourish again with shift in focus: experts
New policies, low interest rates, and projects serving real housing needs can see Vietnam’s real estate market recover by the end of 2025 and grow sustainably, experts said.
Real Estate - Sun, April 28, 2024 | 2:50 pm GMT+7
Real estate giant DIC Corp notches biggest quarterly loss since listing
Development Investment Construction JSC (DIC Corp), among Vietnam’s top real estate developers, incurred a loss of VND117.2 billion ($4.62 million) in the first quarter of this year, marking its largest quarterly loss since floating shares in 2009.
Companies - Sun, April 28, 2024 | 2:30 pm GMT+7
Vietnam startup funding down 17% to $529 mln in 2023, 3rd in Southeast Asia
Vietnamese startups secured $529 million in total funding in 2023, a 17% decline from the previous year, according to the 2024 Vietnam innovation and tech investment report released Friday.
Finance - Sun, April 28, 2024 | 10:04 am GMT+7
- Travel
-
Vietnam in talks on visa exemptions with 15 countries to boost tourism
-
Foreign businesses in Vietnam urge relaxation of visa, work permit requirements
-
Google Doodle honors world's largest cave Son Doong
-
Hoi An among world’s cheapest holiday destinations in 2024: The Times
-
Vietnam’s stunning beauty shines in Netflix’s Tourist's Guide to Love
-
HCMC to hold firework displays to ring in New Year