energy prices

Prime Minister Lawrence Wong says if critical Middle Eastern energy sources and supply routes are constrained for an extended period, the consequences "will be severe”.

Singapore convenes crisis committee to boost energy resilience and support amid Iran war

Firms and households can expect enhanced, earlier assistance, with targeted help for more severely affected sectors: PM Wong

In the face of prolonged price pressures, households and businesses can do their part by saving energy.
COMMENTARY

With Iran war’s cost impact just beginning, Singapore must take energy saving seriously

Energy authority’s warning should prompt behavioural change, not merely calls for support

The government agency notes that as a small city-state, Singapore is “highly dependent” on energy imports, with about 95% of its electricity produced from imported natural gas.

Singapore likely to see sharper hikes in electricity, town gas tariffs amid Middle East war: EMA

Household and business consumers should use more energy-efficient appliances and conserve energy, says the authority

A survey by the Philippines' central bank shows the country's economy was on the verge of a potential economic turnaround before the Iran conflict.
ASEAN BUSINESS

Philippines’ businesses hoped to turn the corner in 2026 – then oil prices spiked overnight

Dire straits beckon as central bank holds unscheduled policy rate meeting amid fuel emergency

Higher diesel prices also weigh on last-mile delivery of food manufacturers' goods.

Food manufacturers fret as Iran war sends diesel, logistics, packaging cost soaring

They are now bracing for higher electricity and natural gas prices

Taxes can make up about 38% of the retail price of RON95 petrol in Vietnam, according to industry estimates.

Vietnam acts fast to shield firms, households from fuel price surge

The government eliminates more taxes on petrol, diesel and jet fuel in an emergency move

The ongoing conflict in the Middle East has made imported energy an expensive alternative for industries in South-east Asia’s largest economy.

Indonesia’s manufacturers hit hard by Middle East energy shock, domestic gas crunch

Dual shock is squeezing margins, disrupting production and eroding competitiveness, say market players

Airlines in Asia are mapping out contingency plans as the escalating Middle East conflict threatens to trigger the worst oil shock since the 1970s.

Philippines says grounding planes a ‘distinct possibility’

The country relies heavily on imported crude, much of it sourced from the Middle East

The ensuing leap in the price of oil, gas and other related products is a potential double whammy for economies around the world, feeding through into wider inflation and stunting growth.

Iran war starts to hit global economy, business surveys show

So far, few economists are talking about the war plunging the global economy into outright recession