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China better placed to weather Mideast supply shock thanks to long‑term energy strategy
BEIJING, April 12 — China’s long-term strategy of diversifying energy sources and building stockpiles is helping it weather disruptions from the Iran war, although some sectors still face major snags, analysts say. China is a net importer of oil and
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Vietnam extends fuel tax suspension until end‑June to stabilise market amid supply disruption
HANOI, April 12 — Vietnam has decided to extend the suspension of taxes on fuels until the end of June from April 15 to stabilise the domestic market, the country’s parliamentary office said today, as the Iran war continues to
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Lufthansa faces fresh disruption as pilots announce two‑day strike
BERLIN, April 12 — The pilots’ union for Lufthansa, Europe’s biggest air transport group, yesterday called for a two-day strike in Germany from tomorrow over a salary and pensions dispute. The airline has already been hit by four strikes this
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Thailand increases social benefits payments to ease cost pressures from Mideast conflict
BANGKOK, April 11 — Thailand will increase its allowance for essential goods starting Monday to help mitigate the economic impacts of the Mideast war, which are particularly affecting farmers, small business owners and “vulnerable” people. More than 13 million Thais
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Middle East conflict fallout to hit Asia’s economies through 2027, ADB says
MANILA, April 11 — The Middle East war is expected to drag on Asia’s economies over this year and next, the Asian Development Bank warned yesterday, as it predicted growth to slow to 5.1 per cent across the world’s most
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Airline pilots warn of pay cuts, sack risks over refusing Middle East flights
MONTREAL, April 10 — Airline pilots who have safety concerns about flying in the Middle East during the Iran war have told a global aviators’ union group they fear blowback ranging from lost pay to being fired if they refuse
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IMF to cut global growth outlook as war in West Asia weighs on economy
WASHINGTON, April 10 — The International Monetary Fund will lower global growth forecasts due to the Middle East war, its chief said Thursday, warning of the conflict’s “scarring effects” despite a fragile ceasefire. “Even in a best case, there will
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Japan to release 20 days of oil reserves to steady supply amid Middle East tensions
TOKYO, April 9 — Japan plans to release a further 20 days’ worth of oil reserves as early as next month, local media reported on Friday citing an announcement by Prime Minister Sanae Takaichi. The country first began tapping into
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Ringgit firms further against US dollar as improving sentiment lifts demand
KUALA LUMPUR, April 10 — The ringgit remained firm against the US dollar at the opening on Friday, supported by sustained demand for the local currency amid improving risk appetite among traders and investors. At 8am, the local currency strengthened
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Labuan FSA unveils five-year plan to strengthen Islamic finance and digital economy from 2027
LABUAN, April 9 — The Labuan Financial Services Authority (Labuan FSA) is set to launch a new five-year blueprint by the end of this year or early next year, with a strategic focus on strengthening Islamic finance and the digital
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