Indonesia boosts oil, gas partnerships with Chinese firms

The Indonesian government is stepping up cooperation with Chinese companies to increase the country’s oil and gas reserves and production, according to Director of Upstream Oil and Gas Business Development Ariana Soemanto. He remarked that three stakeholders are collaborating to utilize the technology offered by several Chinese companies to explore new reserves and boost production […]

Electric Vehicle Imports in the Philippines Benefit from Expanded Zero-Tariff Rates

On May 15, 2024, the National Economic and Development Board (NEDA) of the Philippines approved an extension of the most-favored-nation (MFN) zero-tariff rate on more battery electric vehicles (EVs) and components. In addition, it upheld the decision to impose a temporary MFN zero-tariff import rate on 34 battery EV products until 2028. These temporary rates were first […]

Thailand maintains electricity tariff to ease economic strain

Thailand’s Ministry of Energy has announced that it will freeze electricity prices at THB4.18 (approximately US$0.12 ) per unit until the end of 2024. This decision aims to alleviate financial pressure on businesses and consumers amid a challenging economic environment.