AECFeed

Sunseap Asset (Cambodia) Co Ltd, a subsidiary of Singapore-based company Sunseap Group Pte Ltd, will soon build a 10MW solar energy plant in Bavet city, Svay Rieng province in Cambodia, near the border with Vietnam, Electricity of Cambodia director general Keo Ratanak said.
“It is the first ever solar energy to be linked to the national energy grid,” he said at the signing ceremony. The solar energy plant is expected to be completed in six months and will provide electricity from 6am-6pm.
Phuan, director of Sunseap Group Pte Ltd, said the company needs more than 10 hectares of land to generate that amount of energy.
Solar energy has been introduced in the kingdom but only for the use of households as well as schools or NGOs in the rural areas. Main electricity is generated from hydropower dams and coal power plants.
Cambodia has generated a total of about 1,072 megawatts of electricity and expected to reach 2,123 megawatts in the near future. – Rasmei Kampuchea

Fintech changing
Indonesia’s finance
The burgeoning local financial technology scene is changing the way Indonesians access financial services, with an ambitious plan to reach the huge proportion of the population with no access to banks.
At the first-ever Indonesia Fintech Festival and Conference, which opened on Monday, a host of different fintech services are being presented, from mobile wallets to hassle-free micro lending and no-face time capital market investment. There are even fintech startups specifically targeting cooperatives and farmers around the country.
“This is a breakthrough to more inclusive and accessible financial products and services for the broader public,” Financial Services Authority chairman Muliaman Hadad said in his opening speech.
The festival has been organized by the regulator and will take place at the Indonesia Convention Exhibition until Tuesday.
Investment in fintech rose fivefold in the Asia-Pacific region to US$2.7 billion (Bt90 billion) in the first three months of this year from the same period a year ago.
This has occurred alongside a growth in internet usage in Indonesia, with a third of its 250-million population having access to the internet, while around a fifth have no bank accounts. – The Jakarta Post

Export earnings drop
at border trade camps
In his latest effort to push industrialiBetween April 1 and August 19, the total export volume at Myanmar’s trade camps along the borders reached US$1.58 billion (Bt65 billion) , marking an $87 million drop from the same period last year.
Myanmar earned $489 million from exports of agricultural produce, $431,000 from animal products, $98.5 million from marine products, $73.7 million from mining products, $1 million from forest products, $454.9 million from industrial finished products and $457.6 million from other products.
Export earnings from agricultural produce, mining, industrial finished products and forest products declined by more than $500 million this year since last year, while other export groups saw higher earnings.
Myanmar imports consumer goods, raw materials and capital goods.
The country’s export sector relies on a small variety of products, including natural resources, natural gas, teak, farm produce and marine products.
Myanmar has signed border trade contracts with India, Thailand, China and Bangladesh and has opened 15 border trade camps. Plans are under way to coordinate with neighbouring countries on the extension of border trade camps in strategic locations. – Eleven Myanmar

Indonesia beefs up
‘industrialisation’ steps
In his latest effort to push industrialisation in the country, Indonesia’s Coordinating Economic Minister Darmin Nasution has called on related ministries to identify problems in each sector and prepare for a better-shaped regulation to address the issues.
The government, Darmin highlighted, must act as the problem solver to the persistent issues that have been hampering the development of industries in Indonesia, specifically the manufacturing, health, mining and agriculture industries.
"Each ministry will identify industrial problems in their sectors and we will find deeper solutions to spur growth in the industry. We already have the development concept, but we need to be more |precise in preparing the operational |plan," he said in Jakarta on Monday. |– The Jakarta Post