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China to cut city-gate non-residential natural gas prices BEIJING: China will cut city-gate non-residential natural gas prices by 440 yuan per thousand cubic meters, starting from April 1, the country's top planning body said on Saturday.City-gate residential natural gas prices will remain unchanged, the National Development and Reform Commission said on its websit.Copyright Reuters, 2015 ...

China merges two-tier gas pricing, introduces more market elements BEIJING: China will end two-tier gas pricing, cutting wholesale natural gas prices for non-residential to track an oil market slump, and introduce more market-oriented elements in future pricing of the cleaner burning fuel.Beijing introduced a new pricing scheme in July 2013 to bring its domestic natural gas prices closer to the cost of imports, to encourage higher domestic output, greater imports and burn cleaner fuel to cut emissions and fight pollution.China's state planner on Saturday ...
Malaysia's Petronas swings to $2.02 billion loss in Q4 KUALA LUMPUR: Malaysian state energy firm Petronas said Friday it posted a net loss of 7.3 billion ringgit ($2.02 billion) in the fourth quarter due to a slide in global oil prices and asset impairment losses.In the same three-month period ending December 2014, Petronas, the single largest revenue contributor to the government, posted 12.8 billion ringgit profit.It is Petronas' first ever quarterly loss since five years ago when it launched its quarterly reports.Malaysia's only Fortune ...
Pacific Crude-Stronger; import tenders eyed SINGAPORE: The Asia-Pacific crude market found continued support from robust refinery demand, with traders awaiting the results of a flurry of import tenders.Regional refiners have increased crude buying this month to benefit from strong profit margins. Last month, the market strengthened due to buying for storage, but Brent's contango curve has flattened and storage facilities are nearing their capacity."The market seems to be driven more by end-user demand this month," a trader with an oil ...
India says clean energy a $160bn opportunity over 5 years NEW DELHI: India's renewable energy industry is likely to generate business opportunities worth $160 billion in the next five years, a finance ministry report said on Friday, the day before a federal budget that is set to boost clean energy funding.Prime Minister Narendra Modi is banking on renewables to fight climate change rather than committing to emission cuts like China. He has set ambitious clean-energy targets including raising solar capacity fivefold to 100 gigawatts (GW) ...
Malaysia's Petronas posts $2bn quarterly loss amid global oil slump KUALA LUMPUR: Petroliam Nasional Bhd, Malaysia's state oil company more commonly know as Petronas, reported a quarterly net loss on Friday versus a profit in the year-ago quarter, hit by a drop in oil prices and an impairment charge.The state-owned firm posted a net loss of 7.3 billion ringgit ($2.03 billion) in October-December 2014 compared to a profit of 12.8 billion ringgit in the same period in 2013, Petronas said in a statement.Unlisted Petronas is ...
Vietnam's Feb crude oil output rises 8.7pc y/y HANOI: Vietnam's crude oil production in February reached an estimated 1.3 million tonnes, or 340,000 barrels per day (bpd), up 8.7 percent from the same month last year, the government said on Friday.The actual output last month was revised down slightly at 1.4651 million tonnes from an initial estimate of 1.4657 million tonnes, or a 10.6 percent increase from January 2014, the General Statistics Office said in its monthly reportCopyright Reuters, 2015 ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln