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Malaysia – Malaysia’s Consumer Price Index (CPI) in March 2022 rose by 2.2 per cent to 125.6 against 122.9 in March 2021, surpassing the average inflation for the January 2011-March 2022 period which stood at 1.9 per cent, said the Statistics Department today. In a statement, chief statistician Datuk Seri Mohd Uzir Mahidin said the rise in headline inflation was …
Japan – Japan’s ambassador to Indonesia has urged Jakarta to lift its recent coal export restriction, which he claims has had a “significant effect” on the world’s third-largest economy. Indonesia exports almost three-quarters of its coal production, with the primary customers being Asia’s economic powerhouses China, Japan, South Korea, and India. However, on January 1, it barred coal exports, citing …
Thailand – The fuel utilization in Thailand declined by 5.2% during the initial nine months of this current year to a normal of 130.3 million liters each day, down from 137.11 million liters in a similar time of 2020, predominantly because of the third rush of Covid-19 contaminations, as per the Department of Energy Business. Interest for all fuel types …
Tan Sri Mohd Sheriff Kassim who was a former secretary-general of the Finance Ministry, has said that if the retail prices of fuel and cooking oil in southern Thailand, Indonesia’s Sumatra province and the Philippine islands off Sabah followed market trends, then the subsidised Malaysian fuel and cooking oil would be cheaper. This former top civil servant has called on …
The current downward trend is happening in global crude oil prices. But this not following by the Indonesian government which hinted that retail fuel prices for certain types of fuel (JBT), subsidized fuel, and specially designed fuels (JBKP) would not be lowered. The decision was noted in the Energy and Mineral Resources Ministerial Decree No. 83 K/12/MEM/2020 inked by Minister …
During the coronavirus or COVID-19 pandemic, the Indonesian government advises a work from home policy to most of company in the country, including Pertamina. The state-owned oil and gas company has guaranteed that domestic supplies of fuel and liquefied petroleum gas (LPG) remain secure. The company said its stock of diesel and gasoline, including the highly demanded Pertalite gasoline brand, …
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