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Thailand sets target to become ASEAN’s electricity hub

Thailand is planning to develop its power transmission lines to become the electricity hub of the region, sourcing hydropower from Laos and selling it to Malaysia, Cambodia and Myanmar

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Bangkok (VNA) – Thailand has set a target of becoming an electricity hub in the Association of Southeast Asian Nations (ASEAN).

Thailand is planning to develop its power transmission lines to become the electricity hub of the region, sourcing hydropower from Laos and selling it to Malaysia, Cambodia and Myanmar, the Thai Energy Ministry’s Permanent Secretary Kulis Sombatsiri said at the 37th Senior Officials Meeting on Energy (SOME) on June 24.

Kulis said he discussed with ASEAN energy ministers to find ways to guarantee affordable electricity to the Southeast Asian region by installing modern transmission lines, and other alternatives include providing other sources of renewable energy including solar, wind and biomass power.

Themed Advancing Energy Transition through partnership and Innovation, the 37th SOME meeting brought representatives from 10 ASEAN countries as well as international organisations, such as international energy agencies and international renewable energy agencies, to discuss issues pertaining to electricity trade in ASEAN.

The ASEAN Senior Officials Meeting on Energy is being held in Bangkok on June 24-28 with an aim to shift ASEAN from fossil fuel to clean power. 

Discussions at the meeting will be brought to the ASEAN Ministerial Meeting on Energy scheduled for September 2-3. – VNA

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Banking

Malaysia, Thailand banks to join the ASEAN Banking Integration Framework

Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to become a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Pursuant to the bilateral arrangement under the ASEAN Banking Integration Framework (ABIF) between Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) which was concluded in April 2019, banking institutions from Thailand and Malaysia are invited to indicate their interest to be a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Tech

Global fashion e-tailer Shein launches new hub in Singapore

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Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

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