Rice prices across Asia are increasing amid fears that the return of the El Niño weather pattern, together with higher fertiliser and fuel costs, could disrupt production and global supply.
The ASEAN summit held in Russia last week was one of the Kremlin’s biggest diplomatic successes since the full-scale invasion of Ukraine in 2022.
Because of the firm's scale, an uncontrolled insolvency was never an option for Malaysian regulators, as the company was too embedded in the domestic O&G ecosystem, supporting over 59,000 jobs in the nation's energy sector.
Across Asia, governments are now accelerating approvals for renewable projects and grid modernisation schemes. Battery storage investments are making headlines almost daily.
Southern Vietnam's Ca Mau Province has begun construction of a nearly $95mn wind power project aimed at boosting renewable energy production and supporting long-term economic growth.
The shift was driven by elevated global crude oil prices. Vietnam remains reliant on imported crude to supply its refineries, leaving it exposed to fluctuations in international energy markets.
The tentative peace agreement between the United States and Iran has been greeted with a mixture of relief and caution across much of East and Southeast Asia, a region that has borne more than its fair share of the economic fallout of late.
Vietnam is betting on wind power to fuel its green transition amid the energy uncertainty, while fuel price is changeable.
South Korea’s exports of information and communication technology (ICT) products reached a record monthly high in May, driven by strong demand for semiconductors and other products linked to the artificial intelligence ecosystem.