The dry season is forecast to last longer than the 30-year average, with residents in Java, Bali, East Nusa Tenggara and West Nusa Tenggara likely to experience dry conditions for around 10 months.

Finance Ministry simulations suggest the fiscal deficit could widen to 3.6% of GDP if oil prices average $92 per barrel this year.

On the measures the Singapore government has in place to handle the rise in global gas prices, Tan highlighted that around half of the city-state’s gas is piped to Singapore from the region and is ...

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But consideration of such risks and sustainable development can also create opportunities across Singapore’s financial and professional ecosystem, said Second Minister for Finance Indranee Rajah.