Advertisement
Advertisement
This Week in Asia /

Economics

Related Topics:
Money Matters
Banking & finance
Stocks
A man fills his car with RON95 petrol at a station in Malaysia on March 25. Photo: EPA
Malaysia

Petrol patrol: Malaysia sends police to guard border stations as fuel leaks rise

Malaysia is trying to prevent its heavily subsidised petrol and diesel from being siphoned across land and sea borders as the global energy crisis bites.

videocam
The Philippines

Desperate times, drastic measures? Filipinos call for fuel caps as crisis bites

videocam
India

How India’s nuclear breakthrough could end reliance on energy imports

videocam
Malaysia

Malaysians urged to tighten their belts as Iran war fallout starts to bite

Economy Minister Akmal Nasrullah Mohd Nasir warns the effects of the crisis can last until next year, with oil prices expected to remain high.

People walk to their workplace during the morning rush at Kuala Lumpur city centre, Malaysia. Photo: Reuters
People walk to their workplace during the morning rush at Kuala Lumpur city centre, Malaysia. Photo: Reuters
US, Israel war on Iran

Asia’s energy supply at breaking point as US blockades Hormuz

Nearly 90 per cent of the region’s crude oil is now at risk as stalled peace talks and a naval stand-off raise the spectre of stagflation.

16
US, Israel war on Iran

UN warns 8 million in Asia-Pacific risk poverty if Iran war drags on

A new UNDP report has forecast job losses, crippling inflation and food insecurity, with the poorest nations brutally exposed to the oil shock.

Advertisement
Advertisement
Advertisement
Nepal

Nepal’s trekking trade looks east as Iran war disrupts Western tourist flow

Flight disruptions through Gulf hubs have cut Western arrivals, prompting tourism operators to chase travellers from Asia-Pacific markets.

videocam
With conflict disrupting flights through the Middle East, Nepal’s tourism sector is counting on Asian trekkers to help soften the blow. Photo: Shutterstock
With conflict disrupting flights through the Middle East, Nepal’s tourism sector is counting on Asian trekkers to help soften the blow. Photo: Shutterstock
Malaysia

Power play: Malaysia races to go green as Iran war squeezes oil supply

To avoid future supply shocks, the government aims to raise renewable generation to 70 per cent of the energy mix by 2050.

Malaysia

Malaysian bust spotlights shadow fleet oil trade in Southeast Asia

Two tankers were intercepted in waters off Penang on Saturday during an alleged illegal transfer of more than 700,000 litres of diesel.

videocam
Malaysia

In Malaysia, some laud car driver’s arrest over ‘world’s most expensive petrol’

The driver of a Singapore-registered vehicle faces a US$252,600 fine, jail or both if he is found guilty of pumping subsidised RON95 petrol.

videocam
A man holds a nozzle at the petrol station in Negri Sembilan in March. Malaysia is taking tougher action against the possible abuse of a fuel subsidy meant for locals. Photo: EPA
Malaysia

Malaysia faces energy emergency amid Trump’s Hormuz blockade

With six tankers carrying up to 6 million barrels of oil potentially stranded, analysts say Malaysia is on a collision course with crisis.

videocam
The skyline of Kuala Lumpur seen on Friday. Malaysia has leaned heavily on domestic natural gas production and costly subsidies to mitigate the fallout from the Iran war. Photo: EPA
The skyline of Kuala Lumpur seen on Friday. Malaysia has leaned heavily on domestic natural gas production and costly subsidies to mitigate the fallout from the Iran war. Photo: EPA
The Philippines

Manila vs Hong Kong: the 2 sides of Asia’s housing affordability crisis

Asia is home to 60 per cent of the world’s slum dwellers and some of the planet’s most expensive real estate.

videocam
Singapore

Singapore’s robotaxi drive revs up with help from Chinese AV leaders

The city state is working with Chinese companies like WeRide and Pony.ai to test and deploy shuttle taxi services on public roads.

videocam
Nepal

Nepal’s school fee crackdown upends South Asian private education norms

Nepal wants private schools to charge less and be more transparent. It could backfire, industry insiders say.

School students watch news about Balendra Shah, Nepal’s new prime minister, on a mobile phone in Kathmandu last month. Photo: EPA
US, Israel war on Iran

How the Gulf conflict recast risks for Asian investors in Dubai

Asian firms that use Dubai as a launch pad into the Middle East are weighing new threats to liquidity, logistics and confidence.

videocam
Smoke rising from an area near the Dubai International Airport is seen after a drone attack amid the US-Israel conflict with Iran on March 16. Photo: Reuters
Smoke rising from an area near the Dubai International Airport is seen after a drone attack amid the US-Israel conflict with Iran on March 16. Photo: Reuters
Japan

Japan’s Middle East oil habit gets an Iran war reality check

Almost all of Japan’s oil comes from the Middle East. A closed strait turned that dependence into a trap.

videocam
4
Singapore

Singapore, Australia vow uninterrupted fuel supply amid global energy shock

Both countries are also working towards a legally binding agreement on economic resilience and essential supplies.

Advertisement
Advertisement
Advertisement
US, Israel war on Iran

Iran’s Hormuz toll threat lays bare Asia’s energy vulnerability

Analysts warn that charging ships to pass through Hormuz could set a dangerous precedent for other strategic waterways and hit Asia hardest.

videocam
Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, on March 11. Photo: Reuters
Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, on March 11. Photo: Reuters
Malaysia

Malaysian group under fire for saying working from home will hurt city profits

The Federation of Malaysian Business Associations warns of losses of more than US$120 million but critics say the group is ‘missing the point’.

Japan

Japan seeks to take back control of the world’s shipbuilding sector. Here’s how

Analysts warn higher costs, labour shortages and lost capacity will affect Japan’s bid for control in a sector now dominated by China.

videocam
6
Asean

US to remain key ally of Asean despite Iran war fallout: diplomat

Ambassador Daniel Kritenbrink says the US still has ‘extraordinary’ influence in the region, given its trade and security ties with Asean.

6
Southeast Asian ministers pose for a group photo during the Asean Economic Ministers’ Retreat in Manila, the Philippines, on March 13. Photo: EPA
Malaysia

Singapore’s refusal to negotiate over Hormuz creates waves in Malaysia

Singapore said it would not be appealing to Iran for access to the strait as transit through crucial trade waterways was a right.

videocam
32
Oil tankers anchor off Muscat, Oman, on March 7. Photo: Reuters
Oil tankers anchor off Muscat, Oman, on March 7. Photo: Reuters
The Philippines

Can Philippines become critical minerals powerhouse with help from US, Japan?

To curb China’s dominance in the sector, Manila has to cut red tape and fight corruption to draw US and Japanese investors.

videocam
4
India

India’s space ambition set to soar after Artemis II moon mission’s success

The Indian space sector could work with international partners on future Chandrayaan and other lunar missions, analysts say.

videocam
Myanmar

Fuel crisis at planting season threatens Myanmar’s fragile economy

Rising fertiliser costs and fuel rationing have affected farmers’ productivity, but Myanmar has little capital to replenish these stocks.

videocam
An employee refuels a vehicle at a petrol station amid rising prices in Mandalay, Myanmar, on March 20. Photo: AFP
Help preserve 120 years of quality journalism.
SUPPORT NOW