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MANILA (AFP) - The US subprime mortgage loan problem which has caused stocks to tumble worldwide, remains manageable, officials of the Association of Southeast Asian Nations (ASEAN) said here Thursday. 



Ong Keng Yong, secretary-general of ASEAN said this was the consensus of ASEAN trade officials meeting in Manila ahead of an economic ministers' summit due to begin on Friday. 


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                    [Title] => ‘Big 3,’ Total raise pump prices anew by 50 centavos
                    [Summary] => The relentless spike in the prices of crude in both the world and regional markets prompted local oil companies to increase pump prices anew by an average of 50 centavos per liter over the weekend. 


The country’s three biggest oil companies — Petron Corp., Pilipinas Shell Petroleum Corp., Caltex Philippines Inc. — and independent players like Total Philippines also attributed the latest oil price hike to the continued rise of prices of refined petroleum products. 


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                    [Title] => Asean needs $100-B investments in energy sector over next 5 yrs
                    [Summary] => The  Association of Southeast Asian Nations (ASEAN) region will need over $100 billion in new investments in the power sector over the next five years to be able to meet their respective growing energy demand, an international trade official said. 


ASEAN secretary-general Ong Keng Yong said the energy and power sectors will fuel growth in the region. The figure, he said, was based on the energy action plan of the region for 2005-2010. 


Ong said the region would need about $7 billion in fresh capital to expand the region’s gas pipeline networks. 


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ONG KENG YONG

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MANILA (AFP) - The US subprime mortgage loan problem which has caused stocks to tumble worldwide, remains manageable, officials of the Association of Southeast Asian Nations (ASEAN) said here Thursday. 



Ong Keng Yong, secretary-general of ASEAN said this was the consensus of ASEAN trade officials meeting in Manila ahead of an economic ministers' summit due to begin on Friday. 


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                    [Title] => ‘Big 3,’ Total raise pump prices anew by 50 centavos
                    [Summary] => The relentless spike in the prices of crude in both the world and regional markets prompted local oil companies to increase pump prices anew by an average of 50 centavos per liter over the weekend. 


The country’s three biggest oil companies — Petron Corp., Pilipinas Shell Petroleum Corp., Caltex Philippines Inc. — and independent players like Total Philippines also attributed the latest oil price hike to the continued rise of prices of refined petroleum products. 


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                    [Title] => Asean needs $100-B investments in energy sector over next 5 yrs
                    [Summary] => The  Association of Southeast Asian Nations (ASEAN) region will need over $100 billion in new investments in the power sector over the next five years to be able to meet their respective growing energy demand, an international trade official said. 


ASEAN secretary-general Ong Keng Yong said the energy and power sectors will fuel growth in the region. The figure, he said, was based on the energy action plan of the region for 2005-2010. 


Ong said the region would need about $7 billion in fresh capital to expand the region’s gas pipeline networks. 


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abtest

ASEAN blueprint for economic community completed

August 24, 2007 - 10:21pm

Nation

ASEAN countries not threatened by credit concerns: officials

August 23, 2007 - 3:49pm

MANILA (AFP) - The US subprime mortgage loan problem which has caused stocks to tumble worldwide, remains manageable, officials of the Association of Southeast Asian Nations (ASEAN) said here Thursday. Ong Keng...

Nation

Former Thai minister next ASEAN head

August 2, 2007 - 6:31pm

Nation

Five facts about ASEAN

July 29, 2007 - 3:08pm

Nation

ASEAN says Rice no-show understandable

July 25, 2007 - 4:31pm

Nation

Landmark charter unlikely to include sanctions: ASEAN chief

July 23, 2007 - 8:00pm

Nation

‘Big 3,’ Total raise pump prices anew by 50 centavos

By Rocel Felix | October 10, 2005 - 12:00am

The relentless spike in the prices of crude in both the world and regional markets prompted local oil companies to increase pump prices anew by an average of 50 centavos per liter over the weekend. The country’s...

Headlines

Asean needs $100-B investments in energy sector over next 5 yrs

By Donnabelle L. Gatdula | June 10, 2004 - 12:00am

The Association of Southeast Asian Nations (ASEAN) region will need over $100 billion in new investments in the power sector over the next five years to be able to meet their respective growing energy demand, an...

Business