Author: Jordy Leo

09 Mar South Korean Public Firms Faces Stricter Rules for Double Listings

Posted at 15:59 by Jordy Leo

South Korea’s Financial Services Commission (FSC) and the Korea Exchange (KRX) revamped their guidelines for corporate governance reporting on March 6, as reported by the Korea Economic Daily on the same day. The updated guidelines require all KRX-listed companies with over KRW1tr (USD822m) in assets...

03 Mar Aberdeen Asset Management Introduces Tech ESG Fund in Thailand

Posted at 14:30 by Jordy Leo

Thailand’s Aberdeen Asset Management, an affiliate of UK-based global investment company Abrdn Plc [ABDN:LN], is launching Abrdn Global Innovation Equity Fund (ABINNO), a mutual fund focused on tech businesses that comply with environmental, social, and governance (ESG) criteria, as reported by Bangkok Post on March...

03 Mar Taiwan’s ESG Dashboard to Introduce S&P Global ESG Scores in 2022

Posted at 14:20 by Jordy Leo

Taiwan Depository and Clearing Corporation’s (TDCC) Investor Relations (IR) platform, dubbed Taiwan’s ESG Dashboard, will add the S&P Global [SPGI:US] ESG Scores to its database in 2022, as reported by Taiwan News on March 1. S&P Global ESG Scores uses its advanced Corporate Sustainability Assessment...

02 Mar China’s Inner Mongolia Draws up Five-Year Hydrogen Development Plan

Posted at 17:27 by Jordy Leo

Inner Mongolia, China’s second-largest coal-producing region and the biggest renewables producer, released a five-year plan (FYP) to build a hydrogen industry worth over RMB100bn (USD15.83bn) from 2021 to 2025, as reported by power market monitor bjx.com.cn on March 1. The plan aims for a hydrogen...

02 Mar Shell Invests in Australian Wind Farm amid Carbon-Reduction Pressure

Posted at 16:21 by Jordy Leo

Global oil and gas trader Shell [RDSA:LN] has agreed to purchase a 49% equity in wind farm developer WestWind Energy's Australian arm, as reported by Reuters on March 2. WestWind Energy has plans to develop a three-gigawatt (GW) wind project pipeline across Australia’s Victoria, New...

02 Mar China Requires Ride-Hailing Platforms to Reduce Commissions and Offer Transparency

Posted at 16:13 by Jordy Leo

China’s Ministry of Transport (MoT) asked ride-hailing firms and online trucking platforms to set a reasonable cap on fees for drivers and disclose their pricing rules to the public, as reported by Caixin on February 24. The announcement came a month after China’s nine supervision...

02 Mar Mitsubishi Chemical to Develop Carbon-Neutral Materials

Posted at 11:04 by Jordy Leo

Japan’s major industrial materials producer, Mitsubishi Chemical [4188:JP], aims to realize net-zero emission in the production of methyl methacrylate (MMA) by 2026, a material applied in plastics for vehicle parts and construction materials, as reported by Nikkei Asia on February 23. Mitsubishi Chemical is the...

01 Mar Portugal’s EDP Renewables to Establish APAC Clean Energy Hub in Singapore

Posted at 17:56 by Jordy Leo

EDP Renewables (EDPR) [EDPR:PZ], the world’s fourth-largest renewable energy producer, will build a clean energy hub in Singapore for the Asia-Pacific (APAC) region with a planned investment of SGD10bn (USD7.4bn) by 2030, as reported by Reuters on February 24. On the same day, the Portuguese...

24 Feb Singapore to Raise Carbon Tax Fivefold in 2024

Posted at 10:07 by Jordy Leo

Singapore has priced its carbon tax at SGD25 (USD18.6) per ton for 2024 and 2025, a major increase from the 2019-2023 levels of SGD5 (USD3.71) per ton, as reported by Strait Times on February 18. According to Singapore’s FY22 Budget Statement, the carbon tax will...

24 Feb SK Ecoplant Acquires Singaporean E-Waste Recycling Firm for USD1bn

Posted at 09:54 by Jordy Leo

SK Ecoplant, the green business unit of SK Group [210980:KS], has bought a 100% stake in Singapore-based electronic waste (e-waste) disposal and recycling firm TES Envirocorp (TES) with USD1bn, as reported by the Korea Economic Daily on February 21. The transaction will expand the South...

23 Feb Thailand Offers Tax Breaks and Subsidies to Promote Electric Cars

Posted at 15:21 by Jordy Leo

Thailand’s cabinet has approved a series of tax incentives to promote a shift to electric vehicles (EVs), as reported by Nikkei Asia on February 18. Incentives include lowering tariffs by 20% to 40% and cutting the excise on imported EVs to 2% from 8%. For...

23 Feb Japan’s First Hydrogen Hybrid Train to Start Trial Runs

Posted at 15:04 by Jordy Leo

JR East [9020:JP], Japan’s major passenger railway company, will launch a safety test for Japan’s first hydrogen-powered hybrid train in late March, as reported by Nikkei Asia on February 19. The train, dubbed Hybari, is equipped with a zero-emission system jointly developed by JR East,...

23 Feb Japan Trials Artificial Photosynthesis for Green Hydrogen

Posted at 14:52 by Jordy Leo

Japan is preparing for a massive field test that produces clean-burning hydrogen through artificial photosynthesis, as reported by Nikkei Asia on February 18. Precisely, the pilot will develop photocatalytic sheets capable of splitting water molecules into hydrogen and oxygen using sunlight and apply such sheets...

22 Feb The Philippines to Issue at Least USD500m Green Bonds to European Investors

Posted at 16:51 by Jordy Leo

The Philippines will issue more than USD500m of green bonds to raise funds for clean energy projects, as reported by Reuters on February 18. The Southeast Asian country resolves to push forward its emission reduction target but requires financial support from wealthier countries to do...

22 Feb China to Carry out Preferential Policies for Service Industries Hit by Epidemic

Posted at 16:07 by Jordy Leo

China’s 14 regulatory departments, including the National Development and Reform Commission (NDRC) and the State Administration for Market Supervision (SAMR), published policies on February 18 to facilitate the recovery of service industries affected by epidemic prevention measures, as reported by South China Morning Post on...