Commodities

Singapore’s EV charging prices remain stable, but an April increase looms

Observers say climbing natural gas prices and a bump in electricity tariffs could make charging more expensive from next month

Malaysian's petrol subsidy alone has climbed to RM2 billion a month.

Oil spike pushes Malaysia fuel subsidies to RM3.2 billion a month

The monthly bill rises more than four times from RM700 million previously, but the government says it is poised to absorb the increase

Beyond fuel price adjustments, Malaysia also announced discretionary spending cuts to sustain the RON95 subsidy.

Fuel price hikes unlikely to spark immediate inflation in Malaysia: economists

Rising fuel prices are manageable now, but a prolonged oil shock could test the country’s fiscal buffer

The Straits Times Index is down 8.48 points at 4,855.33, while the iEdge Singapore Next 50 Index is up eight points at 1,445.12.
STOCKS

Blue chips close lower in Singapore; STI slides 0.2%

Across the broader market, decliners beat gainers 302 to 262, as 1.5 billion securities worth S$2 billion change hands

Thailand’s state-owned PTT was seeking a LNG cargo for late March to early April, ultimately buying only one for March. 

Asian buyers struggle to find March LNG as supply remains tight

Countries including Thailand and Bangladesh are dipping into the spot market to safeguard near-term energy security

Petrol prices in the United States have climbed 17%, and now average about US$3.50 per gallon, the highest level since 2024.

Short of ending Iran conflict, Trump has limited tools to lower oil prices

Possible options include waiving federal taxes or restricting US fuel exports, analysts say

The Singapore dollar has fallen 1.1% against the greenback in the last five days, weakening alongside other major currencies in the region.

Asian currencies dragged lower by oil spike, with Fed path and Middle East trajectory key risks ahead

But analysts say energy prices are unlikely to shape the region’s currency trajectory over a sustained period

Higher oil prices would likely lead to a decline in economic activity in Asia, say Goldman Sachs analysts.

Iran oil shock could shave Asia’s growth – with Asean among the most exposed to risk

But fallout will be unevenly distributed, says BMI; Goldman Sachs predicts 0.5-percentage-point hit

The surge in renewable energy is allowing China to meet growing power demand without increasing emissions, but their intermittency is straining the grid.

China’s five-year plan to target fixes to commodities supply

Beijing wants to strengthen resilience in some areas and ease cutthroat competition in others

Analysts say agri industry tailwinds should extend the strong momentum from H1, though policy risks and company specific-challenges cloud the outlook.

Firmer palm oil prices lift SGX agri stocks ahead of H2 results, but Indonesia risks cloud outlook

Market watchers expect the strong streak from earlier in FY2025 to continue, but individual companies face potential downside risks