Market Fundamentals: Dollar Index (USDX) is very toppish at 105.50 level and prone to turn down soon. Gold and Crude prices may bottom out this week with general commodities as the Dollar wanes. Monso…
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Rise of the Metaverse in Vietnam – What’s happening?
Metaverse is one of the hottest buzzwords in technology today. Given its potential impact on both the real and virtual worlds, developments are being made to accommodate this new technology in multipl…
Shell, Philippine partner to build 1 GW renewable energy capacity
Shell Overseas Investments B.V., a unit of Shell plc has signed an agreement with the Philippines’ Emerging Power Inc for an initial 1 gigawatt renewable energy project tapping solar, the compan…
Commodity Market Report – 27 Jun 2022
Gold prices waned in demand last week as we expected. This week, we predict strong support will emerge at USD1820 /oz and begin to pick a bottom. The range is expected to be contained from USD1820 – U…
Weekly Rubber Report – 27 Jun 2022
Market Fundamentals: Dollar Index (USDX) remains firm and puts a lid on general commodity demand. Last week, Rubber prices declined slightly as Crude waned, thus pressuring the TOCOM and SICOM Rubber.…
G7 aiming for $600-billion global infrastructure program —Biden
US President Joe Biden announced Sunday a G7 project to rival China’s formidable Belt and Road Initiative by raising some $600 billion for global infrastructure programs in poor countries. ̶…
The Quad And ASEAN: Where To Next? – Analysis
With their fourth leaders’ meeting in May 2022, the Quad has come a long way since senior officials from Australia, India, Japan and the United States first convened on the sidelines of ASEAN-led summ…
Malaysia plans record $18bn subsidy spend in inflation fight
Malaysia is expected to spend 77.3 billion ringgit (US$17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising prices, its finance minist…
Singapore imports clean power for first time, buying from Laos
Singapore began receiving hydropower from Laos wired through Thailand and Malaysia on Thursday, the city-state’s first renewable electricity imports as it looks beyond its borders to meet climate chan…
Michelin fully acquires Indonesian sustainable rubber project
Michelin has become the sole owner of Royal Lestari Utama (RLU), a joint venture with Barito Pacific Group. The tire maker, which previously held 49% of shares, has acquired a further 51%. The RLU pro…