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Petronas released its latest financial report, showing a 34% drop in annual profit. The company attributed this decline to falling international oil prices again and committed to continued investments in renewable energy and low-carbon initiatives.

Malaysia's biodiesel development has encountered significant challenges, with officials pointing to the need for infrastructure upgrades to increase the palm oil blending ratio in biodiesel.

Vietnam is expected to finalize the updated National Power Development Plan (PDP8) by the end of February. According to the draft, the country has significantly raised its electricity demand forecasts, energy imports, and renewable energy capacity. Solar

To achieve net zero by 2050, Vietnam is implementing an energy transition action plan, which includes phasing out outdated coal-fired power plants while exploring the feasibility of co-firing biomass and ammonia.