Want to be in the loop?
subscribe to
our notification
Business News
RENEWABLE ENERGY – LEADING SOLUTION TO CLIMATE CHANGE MITIGATION IN ASEAN
Investing in renewable energy sources is as a palliative measure for ASEAN to mitigate climate change, according to Vice President of Infrastructure Solutions at Malaysian-based Vertiv Chee Hoe Ling.
Kuala Lumpur – Investing in renewable energy sources is as a palliative measure for ASEAN to mitigate climate change, according to Vice President of Infrastructure Solutions at Malaysian-based Vertiv Chee Hoe Ling.
In Southeast Asia, for instance, energy demand has increased an average of roughly 3 per cent a year for the past two decades – with fossil fuels meeting a sizeable portion of this, he said.
The International Energy Agency noted that coal, natural gas, and oil are the largest contributors to the region’s energy mix, adding that fossil fuel imports are key to powering the region.
The same IEA report found that the region is undergoing a steady worsening in its energy trade balance, as fossil fuel demand outpaces local production. It is, therefore, important if the region could make the transition to renewable and sustainable energy faster from an economic perspective as well as an environmental one. Furthermore, this would also be in line with governments’ aspirations across Southeast Asia to realise long-term plans for a more secure and sustainable future.
He said that due to the rising demand for digitalised services, the region has seen an unprecedented boom in the market for data centres, citing global management consulting firm Kearney’s study which said the region’s data centre colocation market is projected to grow by 16.5 per cent from 2019 to 2026 with a value of 6.5 billion USD.
Unfortunately, data centres come with massive carbon footprints due to the tremendous amounts of electricity consumed, water utilised, and carbon emissions generated.
They must prioritise technology, energy and water efficiency, and sustainability in their operations, he said, adding key to sustainable development of the centres is to pen strategic plans to branch out digital infrastructure.
He stressed that the push for renewable energy and sustainable practices in both energy and data centre sectors is crucial to efforts for a brighter future without dampening economic growth, adding Southeast Asian countries could make contributions to reducing greenhouse gas emissions and shaping up a sustainable environment in the future.
Source: VIR
Related News
CHW30200 LUGGAGE – THE IDEAL TRAVEL COMPANION FOR MODERN JOURNEYS
• Compact & practical design – easy to carry on any trip• Optimized storage space – keep your belongings organized and efficient• Durable construction – enhanced protection for your essentials on the go
OKTOBERFEST VIETNAM 2026 RETURNS @ WINDSOR PLAZA HOTEL
Save up to 25% until 31 August 2026! For 30+ Tickets, contact Hotline for exclusive offers. From 23 - 26 September 2026, don't miss your chance to immerse yourself in the vibrant atmosphere of Oktoberfest Vietnam - one of Saigon's most anticipated celebration of German culture, cuisine and music. Inbox us to secure your ticket or contact.
THE REVERIE SAIGON’S MOONCAKE COLLECTION 2026 - THE MOONLIT BLOSSOMS
Inspired by the autumn full moon, blooming Osmanthus, and vibrant Peonies, The Reverie Saigon presents The Moonlit Blossoms collection, featuring three exquisite masterpieces that celebrate harmony, prosperity, and the joy of reunion. Discover more & Place your order: https://www.thereveriesaigondining.com/mooncake-collection-2026
GOV’T PROPOSES REDUCING INCOME TAX BY 30% FOR BUSINESS WITH REVENUE OF VND10 BLN
The Government is preparing to submit to the National Assembly a proposal to reduce income tax by 30 percent in the 2026–2027 period for business households, individuals, and enterprises with annual revenue up to VND 10 billion (US$381,621). The Government also proposes a 30 percent reduction in personal income tax for micro-enterprises with annual revenues of up to VND 10 billion in 2026 and 2027.
HÀ NỘI SEEKS NEW GENERATION OF FDI TO POWER TECH, INNOVATION-LED GROWTH
After more than three decades as one of Việt Nam's leading destinations for foreign investment, Hà Nội is entering a new phase, shifting its focus from attracting capital in volume to drawing technology-intensive investment that can help transform the capital into a regional hub for research, innovation and high-tech industries.
BANK COUPON RATE HITS RECORD HIGH OF 10% PER YEAR
Amid surging demand for capital, commercial banks have been ramping up bond issuance, with rates reaching a record high of 10 per cent per year. Sacombank has recently announced the completion of three private bond placements in July, raising a total of VNĐ3.65 trillion (US$139 million) to raise medium- and long-term capital, strengthen financial capacity, enhance risk resilience and meet regulatory capital requirements.
























