In the backdrop of the government evolving legislation to regulate nuclear power generation and the Sri Lanka Atomic Energy Board (SLAEB) getting ready to call for Expression of Interest from prospect…
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TikTok owners plan $2.1bn investments to turn Malaysia into AI hub
TikTok promoters are planning to expand their operations, and turn Malaysia into an artificial intelligence (AI) hub with new investments to the tune of $2.1 billion, an official revealed on Friday. T…
The future of sustainability in the palm oil industry will be Asian led
Europe shaped the first phase of palm oil sustainability, when it was a dominant market for Asia’s production and challenged the plantation sector to delink from deforestation. Now the European Union …
Thailand receives highest number of Chinese tourists in Southeast Asia
Vietnam came in second with 889,000 followed by Singapore with 786,000 and Malaysia with 758,772, according to data collected from the countries’ tourism ministries. Laos was fifth with 242,404 …
Indonesia designs agricultural commodities digital tracker in sustainability push
Indonesia plans to set up a digital dashboard by August to track its agricultural commodities, its economics ministry said, as the world’s top palm oil exporter looks to monitor $6.5 billion wor…
Embracing a just energy transition: ASEAN’s path to a sustainable future
ASEAN countries are now shifting from traditional energy sources like coal to renewables, a change that will impact the region’s nearly 700 million lives. With most member states aiming for net-zero e…
Commodity Market Report – 10 Jun 2024
Gold prices slid on Friday from USDD2387 /oz top. This week, we foresee the market will weaken further and trade within USD2280 – USD2330 /oz range. Fundamentally, the yellow metal will trade in…
Weekly Rubber Report – 10 Jun 2024
Market Fundamentals: Dollar Index (USDX) sprang up from Friday from 104.00 to 104.92 after the U.S. nonfarm payroll showed strong growth by 272,000 jobs in May. The expectation of rate cut in the FOMC…
Vietnam’s great untapped rare earth bounty
Vietnam is home to the world’s second-largest reserves of rare earths, according to the US Geological Survey. Yet while the US and its allies seek a supply chain hedge to China’s domination of the cri…
Plan to Drive Sri Lanka’s Renewable Energy Future
During the “Advancing Energy Transition” roundtable discussion at the Hilton Colombo this morning (29), President Ranil Wickremesinghe emphasized the need for a comprehensive plan to exploit renewable…