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This Week in Asia /

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Regional ministers pose for a group photo during the Asean Economic Ministers’ Retreat in Manila on Friday. Photo: EPA
Asean

Asean trade strategy: diversifying beyond US and Chinese markets

The bloc will look for new markets and deepen regional cooperation to reduce trade uncertainty, economic ministers say.

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Iran

Why the Iran war marks a turning point for Gulf-Asia trade

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Thailand

Inside the coconut cartel: how Chinese money squeezes Thai farmers

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Singapore

Malaysian scammers in Singapore pivot to cash handover as online curbs tighten

The warning by Singapore police comes as government official impersonation scams continue to surge in the city state.

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A poster in Singapore’s Raffles Place warning the public of scam threats. Photo: AFP
A poster in Singapore’s Raffles Place warning the public of scam threats. Photo: AFP
Diplomacy

Beyond Pax Silica: Japan, France and Canada seek rare earth autonomy

Wary of both Beijing’s grip and Washington’s whims, three G7 allies are charting their own independent critical mineral course.

Malaysia

Malaysia’s fuel subsidy bill to rise more than fourfold as Iran war drags on

The government will spend about US$812.8 million a month to maintain the price of subsidised petrol and diesel in the short term.

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Malaysia

Cable thefts at key Malaysian train lines soar amid copper’s red-hot demand

Such cases have disrupted services between Kuala Lumpur and Putrajaya, with offenders thinking of more creative ways to cut cables.

Malaysia’s Mass Rapid Transit Putrajaya Line train. Photo: Shutterstock
Malaysia’s Mass Rapid Transit Putrajaya Line train. Photo: Shutterstock
Iran

Southeast Asia faces spillover cyber risk from Iran war as ‘blast radius’ widens

Many Asean firms are tied into the global network in the Gulf, Europe and the US, facing the risk of cyberattacks linked to the war.

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Singapore

As Iran war fuels oil crisis, Southeast Asia’s small firms could be hit hardest

Observers say SMEs are typically more vulnerable as they have less capital to absorb sudden increases in operating costs.

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Energy

Iran war threatens prolonged energy shock, slower growth for Asia

Observers say an extended disruption of energy flows could mean persistently higher fuel costs and widening trade deficits for Asian importers.

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A man carries a liquefied petroleum gas (LPG) cylinder in Mumbai on Wednesday. India has implemented several measures to secure energy supplies and manage demand. Photo: EPA
Malaysia

Malaysia tightens borders to fight fuel smuggling amid global energy crisis

The move comes amid concern that rising fuel prices abroad could make it more profitable to smuggle subsidised fuel out of Malaysia.

Fuel pump nozzles are pictured at a petrol station in Kuching, Sarawak. Malaysia will keep subsidised petrol prices unchanged despite the global increase in crude oil costs. Photo: AFP
Fuel pump nozzles are pictured at a petrol station in Kuching, Sarawak. Malaysia will keep subsidised petrol prices unchanged despite the global increase in crude oil costs. Photo: AFP
Thailand

Thailand smashes coconut-profiteering web led by Chinese firms

These firms used Thai nominees to control the coconut sector and resell the fruit by as much as 25 times the price paid to farmers.

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The Philippines

Philippines’ fuel shock exposes limits of deregulated oil market

Consumer groups say households are left to absorb rising costs as the government rolls out conservation measures and considers fuel tax relief.

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The Philippines

‘Ghost projects’ push Philippines to record US$26.5 billion budget deficit

A widening deficit and falling revenue are ‘direct, quantifiable effects’ of an investigation into the flood-control scandal, economists say.

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A shopkeeper looks at his smartphone while waiting customers in Manila. The Philippines’ budget deficit hit a record high last year. Photo: EPA
South Korea

South Korea pulls rare move in bid to shield residents from Iran oil shock

As a nation that imports nearly every drop of oil it consumes, South Korea is hitting the panic button to shield citizens from rising prices.

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A board shows prices as cars queue at a petrol station in Seoul, South Korea, on Monday. Photo: Reuters
A board shows prices as cars queue at a petrol station in Seoul, South Korea, on Monday. Photo: Reuters
India

India’s 30-day Russian oil waiver comes with a steep US price tag

Washington has granted New Delhi a brief waiver for stranded Russian crude – but expects it to ramp up American oil purchases in return.

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Malaysia

1 holy month, 1 year’s income: Malaysia’s Ramadan bazaar boom

Rents have doubled, ingredient costs keep climbing, yet for the stallholders at Malaysia’s bazaars, no other month comes close.

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Singapore

‘It’s inevitable’: Singapore’s workers brace for AI disruption

The city state wants 100,000 workers to become ‘AI bilingual’. But with entry-level roles already vanishing, time may not be on its side.

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Illustration: Huy Truong
Illustration: Huy Truong
Indonesia

Indonesia’s US trade deal faces a sovereignty reckoning at home

Nearly 80 civil groups and 65 academics have signed a petition urging parliament to block ratification of the ‘shameful’ deal.

Singapore

Singapore real estate giants feel the heat amid China’s property woes

Analysts say Singaporean companies are still likely to bet on China’s massive market, but could now adopt a more selective investment approach.

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Qatar

Qatar’s LNG halt exposes Asia’s energy vulnerability

Analysts say the turmoil underscores Asia’s need to shift to renewable energy, as nations scramble for alternatives amid the disruption.

QatarEnergy’s liquefied natural gas production facilities in Ras Laffan Industrial City, Qatar, on Monday. Photo: Reuters
Indonesia

Is Indonesia’s fuel subsidy sustainable as Iran war continues?

Higher oil prices would mean bigger fuel subsidies, piling on the pressure on a budget that is already under investor scrutiny.

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A motorist rides past a Pertamina petrol station displaying prices of fuel in Jakarta on Tuesday. Photo: AP
A motorist rides past a Pertamina petrol station displaying prices of fuel in Jakarta on Tuesday. Photo: AP
Thailand

Thailand’s PTT to freeze pump prices as Iran attacks spur panic buying in region

The energy firm will maintain prices for 15 days, even as Thailand says it will still export oil to Laos.

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India

India’s 100GW nuclear push was missing one thing. Canada just provided it

India needs to triple its uranium supply to meet its nuclear targets. Canada, with mines already in the pipeline, is well placed to deliver.

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Middle East

Asia’s travel sector rattled by Iran attacks, fears of ‘domino effect’ slowdown

Airlines are bracing for higher oil prices, continuous flight disruptions and plunging traveller confidence.

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A display board at Noi Bai International Airport in Hanoi shows cancelled flights to Dubai and Doha on Monday, amid the US-Israel conflict with Iran. Photo: Reuters
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