From remote work to fuel rationing: How Asian countries are managing energy shortages amid US-Israel-Iran war

Many Asian countries, including Pakistan, Vietnam, Thailand, Bangladesh, India and Sri Lanka, announced a slew of measures as the US-Israel war on Iran disrupted energy supplies, threatening economic stability. The measures include curbing government spending, shutting down schools and pushing remote work. Asian nations that rely heavily on fossil fuel imports from the conflict-hit West…

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Government spending crucial, hope it does not pursue aggressive tightening, says Canara Robeco AMC’s equity CIO

With demand weak, private capex subdued, and household incomes seeing limited growth, the government spending remains crucial, said Shridatta Bhandwaldar, chief investment officer-equities at the company. The previous budget marked a pivot towards consumption and revenue expenditure, and this one should avoid further tightening, he said, adding that defense capex is also expected to rise…

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