Page 4 – ASEAN Economic Community Strategy Center

Philippines: Oil companies told to prepare for looming price hikes

MANILA, Philippines — The government on Tuesday reminded oil companies to ensure they have enough inventory amid the expected surge in global demand that could cripple supply and push up prices. In a statement, Energy Secretary Alfonso Cusi called on oil firms to ensure their compliance with the Minimum Inventory Requirements (MIR), which mandate companies […]

Thailand: Baht remains unchanged despite investors’ inflation worries

The baht opened at 33.79 to the US dollar on Tuesday, unchanged from the previous closing rate. The Thai currency is likely to move between 33.70 and 33.90 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that investors started to worry about inflation more due to the price increasing of crude […]

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Philippines: Oil companies told to prepare for looming price hikes

Thailand: Baht remains unchanged despite investors’ inflation worries