philippines

Oil settles lower as Russia fuel export ban boosts, rate hikes weigh

by

This aerial photo shows the Enping 15-1 oil platform 200 km southwest of Shenzhen, south China, May 31, 2023. Mao Siqian | Xinhua News Agency | Getty Images Oil prices settled lower after choppy trading on Thursday, rising as much as $1 a barrel after a Russian ban on fuel exports snatched the focus from … Read more

Southeast Asia looks to renewable power for energy security

by

The floating solar photovoltaic power plant by EDPR Sunseap Group, a unit of Energias de Portugal SA, in Woodlands, in Singapore, on Wednesday, Dec. 7, 2022. Bryan van der Beek | Bloomberg | Getty Images Southeast Asia is home to some of the world’s fastest-growing economies. As energy demand grows, the region is turning to … Read more

Myanmar won’t be allowed to lead ASEAN in 2026, in blow to generals

by

Philippine’s President Ferdinand Marcos, Singapore’s Prime Minister Lee Hsien Loong, Thailand’s Permanent Secretary of the Ministry of Foreign Affairs Sarun Charoensuwan, Vietnam’s Prime Minister Pham Minh Chinh, Indonesia’s President Joko Widodo, Laos’ Prime Minister Sonexay Siphandone, Brunei’s Sultan Hassanal Bolkiah, Cambodia’s Prime Minister Hun Manet, Malaysia’s Prime Minister Anwar Ibrahim and East Timor’s Prime Minister … Read more

ASEAN moves closer to economic unity with new regional payments system

by

Indonesian President Joko Widodo makes a speech during the Association of Southeast Asian Nations (ASEAN) Foreign Minister’s Meeting in Jakarta, Indonesia on July 14, 2023. Murat Gok | Anadolu Agency | Getty Images A new regional cross-border payment system recently implemented by Southeast Asian nations could deepen financial integration among participants, bringing the ASEAN bloc … Read more

Asia could lose $500 billion GDP from pandemic school closures: Oxford

by

Elementary students sit inside dividers as preventive measure against Covid-19, as they attend physical classes at Longos Elementary School on Nov. 15, 2021 in Alaminos, Philippines. Ezra Acayan | Getty Images News | Getty Images School closures during the pandemic could erase over $500 billion of potential economic growth from a handful of Asian countries, … Read more

Indonesia ready to co-host 2023 FIBA World Cup

by

JAKARTA, July 22 (Xinhua) — Indonesia is all set to co-host the 2023 FIBA World Cup next month, marked by the completion of its largest indoor stadium that can accommodate up to 16,000 spectators, the country’s high official said on Friday. The competition will be held from August 25 to September 10 in Indonesia, Japan … Read more