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Indonesia hikes aviation fuel surcharge, allows domestic ticket price rise amid Middle East tensions
JAKARTA, April 6 — Indonesia today announced a 28-percentage point rise in the surcharge on aviation fuel, and said it would allow airlines to raise the domestic ticket price, which the government caps, by up to 13 per cent. As
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Oil markets stabilise despite Trump threats and Strait of Hormuz disruptions
SINGAPORE, April 6 — Oil prices were little changed in choppy trade on Monday, as investors awaited clarity on the status of talks between the US and Iran even as they remained wary about sustained supply losses due to shipping
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AirAsia X raises fares by up to 40pc, cuts some flights as Middle East tensions push up fuel costs
SEPANG, April 6 — Budget carrier AirAsia X said today it is raising fares by up to 40 per cent and imposing a 20 per cent fuel surcharge, even as the airline trims costs and cuts a limited number of
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China issues e-commerce guidance to boost global trade amid EU scrutiny
BEIJING, April 6 — China issued guidance today for its e-commerce sector that seeks to coordinate domestic development with international markets, a week after a delegation of European lawmakers visited to discuss related challenges and competition. European Union lawmakers had pressed
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Opec+ to discuss oil production rise as Iran war weighs on markets
VIENNA, April 5 — Key members of the Opec+ oil cartel will today discuss production quotas for next month as the US-Israeli war against Iran unsettles global oil markets. The eight-strong V8 (Voluntary Eight) group in the alliance, which includes
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Seoul calls on Gulf states to secure oil and raw material supply as Middle East conflict drags on
SEOUL, April 5 — South Korean Finance Minister Koo Yun-cheol urged Gulf Cooperation Council (GCC) countries to strengthen cooperation to help stabilise energy and raw material supply chains amid prolonged tensions in West Asia, the finance ministry said today, Yonhap
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Rising fuel prices prompt MAG to adopt quarterly hedging while expanding in China, India
KUALA LUMPUR, April 5 — Malaysia Aviation Group (MAG) is strengthening its resilience against fuel price volatility through a structured hedging strategy to counter rising costs, while maintaining a steady expansion trajectory with particular focus on lucrative China and other
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Vietnam posts 7.83pc Q1 growth despite Middle East war driving fuel costs higher
HANOI, April 5 — Vietnam recorded economic growth of 7.83 per cent in the first quarter of 2026 year-on-year, the statistics office said on Saturday, but faces “numerous difficulties” as the Middle East war hits fuel prices. First-quarter growth was
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US jobs bounce back in March — but economists aren’t celebrating just yet
WASHINGTON, April 4 — The US economy posted unexpectedly strong job gains in March, data showed yesterday, in a development hailed by US President Donald Trump — but seen with caution by analysts. The world’s largest economy gained 178,000 jobs
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Petronas president: ‘Efficiency is the first fuel’ in tackling energy crisis
KUALA LUMPUR, April 4 — Prudent energy use, optimising operational costs through artificial intelligence (AI) and sound financial management are key principles that must be practised in addressing the increasingly pressing global energy crisis, says Petronas president and group chief
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