Global steel excess capacity continues to grow, driven by increasing subsidies in some major non-OECD steel-producing economies, while efforts to restore fair competition are increasingly undermined by circumvention of trade measures aimed at levelling the playing field, according to a new OECD report.
An International Energy Agency (IEA) report warns that disruptions to Strait of Hormuz energy shipments have exposed Southeast Asia’s dependence on imported fuels, highlighting the need for stronger energy security, diversification and efficiency measures as regional energy demand continues to rise.
Indonesian President urged ASEAN nations to expand renewable energy projects and strengthen regional energy resilience, highlighting Southeast Asia’s vast solar, wind and hydropower potential alongside Indonesia’s plans to build 100 GW of solar capacity.
Etihad Airways, the national carrier of UAE, celebrated the launch of two new routes into Southeast Asia, bringing the airline’s global network to 83 destinations. On October 2, the airline operated its first-ever flight to Medan in Sumatra, Indonesia, followed by the launch of flights to Phnom Penh, the capital of Cambodia, on October 3.
