Indonesia can save $98 billion on fuel import bill in 2050 if it sticks to net-zero pledges: Report

SINGAPORE – Indonesia can significantly lower the costs of fuel imports if it sticks to its net-zero pledges that include a comprehensive clean energy transition plan, noted an International Energy Agency (IEA) report. It found that the country’s import bill could drop to around US$30 billion (S$42 billion) by 2050 if it hits its targets […]

Embattled Thai PM Prayut survives budget test in Parliament

BANGKOK (BLOOMBERG) – Thailand’s Parliament has passed a US$89 billion (S$123.91 billion) annual budget Bill for the 2023 fiscal year, handing another victory to Prime Minister Prayut Chan-o-cha, who survived a no-confidence vote last month in which the opposition had accused him of mismanaging the economy. The 3.19 trillion baht spending plan, which also includes […]

US House passes bill boosting Biden’s record defense budget

This handout photo courtesy of US Navy shows the United States Air Force Air Demonstration Squadron, "Thunderbirds" and the US Navy Flight Demonstration Squadron, the Blue Angels, debut a F-16 Fighting Falcon and F/A-18 Super Hornet flight formation known as the "Super Delta" during a joint training evolution over Naval Air Facility (NAF) El Centro, […]