The Ministry of Health of Singapore announced new measures that require outlets selling freshly brewed drinks to include nutrition labels on their menus to specify drinks that contain higher levels of sugar and saturated fat, as reported by Strait Times on August 11. Freshly brewed...
An internal carbon price is an instrument used by entities such as companies and financial institutions to incentivize climate action by assigning monetary value to carbon emissions. The financial cost of carbon emissions is often invisible yet substantial. Nations are beginning to factor the social...
French oil company Total Energies [TTE:FP] has signed a memorandum of understanding (MoU) with Vietnam’s industrial property developer KCN Vietnam to provide solar power to the latter, as reported by Nikkei Asia on August 9. Total Energies will install 280,000 square meters of solar panels...
India will prohibit enterprises from exporting carbon credits, as reported by Bloomberg on August 8. The decision was announced by India’s Power and Renewable Energy Minister Raj Kumar Singh. On the same day, the lower house of the Indian parliament, Lok Sabha, approved the Energy...
The South Korean Ministry of Science and ICT will draft a frequency spectrum plan by the end of this year to support new industries such as electric vehicles (EVs), robotics, and urban air mobility, as reported by the Korea Herald on August 9. South Korea...
The Korea Communications Commission (KCC) will launch investigations in Apple [AAPL:US] and Google's [GOOGL:US] app stores, as well as One Store, a South Korean app store, for alleged breaches of domestic in-app payment regulations, as reported by the Korea Herald on August 9. The probe...
China’s State Administration for Market Regulation (SAMR) has identified 18 coal enterprises for suspected coal price gouging and three trading centers for not adopting government pricing after preliminary investigations, as reported by Sina on August 6. In July, the SAMR sent three investigation teams to...
The Indian federal cabinet approved the new national emissions pledges known as Nationally Determined Contributions (NDCs), including reducing the emission intensity of its GDP by 45% by 2030 from 2005 levels and meeting half of its electricity demand from non-fossil-based sources, as reported by Reuters...
Singapore’s Nanyang Technological University (NTU) and the world’s largest viscose manufacturer Royal Golden Eagle (RGE) [3308:HK] jointly launched a textile recycling research center to produce new fabrics and materials from used fabrics such as old clothes, as reported by the Strait Times on August 4....
The Monetary Authority of Singapore (MAS) will raise SGD2.4bn (USD1.7bn) via the issuance of 50-year sovereign green bonds with a coupon rate of 3.04%, as reported by Nikkei Asia on August 6. The Green Singapore Government Securities (Infrastructure), or Green SGS (Infra), is the government's longest-term...
The China Banking and Insurance Regulatory Commission (CBIRC) has fined the Bank of China's [3988:HK] (BoC) Shenzhen Branch a total of RMB11.3m (USD1.67m) for violating several laws and regulations, as reported by Sina Finance on August 6. The branch was accused of conducting unauthorized wealth management...
Australian pension fund NGS Super has divested from oil and gas firms to reach net-zero carbon emissions in its portfolio by 2030, as reported by Reuters on August 4. The assets sold were valued at a total of AUD191m (USD133m), including AUD75m (USD52m) in shares in Woodside...
The China Green Bond Principles (the Principles) is a framework for Chinese green bond issuers to follow best practices in the domestic market. Since 2015, China’s green bond market has expanded rapidly. In 1H22 alone, China issued RMB400.6bn (USD59.4bn) of green bonds and green asset-backed...
The Maritime and Port Authority of Singapore (MPA) and the Dutch Port of Rotterdam have signed a memorandum of understanding (MOU) to jointly develop a sustainable and digitalized shipping industry, as reported by Strait Times on August 2. Specifically, the two port authorities will trial...
India has asked airlines to enhance their engineering-related capabilities at all bases and transit stations, following a range of safety-related snags in recent weeks that triggered aviation regulators’ closer scrutiny of the industry, as reported by Economic Times on August 1. V. K. Singh, head...
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