He stated that the city will provide a full range of financial and professional services to Saudi Aramco, including assistance in listing in Hong Kong.
The installed capacity of wind and solar power in China rose 22 percent year-on-year last year, according to Fitch Ratings.
She also added that the government is providing subsidies to agriculture and food production for the nation's greater interest.
Although the government froze gas rates in the first quarter of 2023, it is still considered burdensome for many Koreans as the price was raised four times last year.
Sembcorp opens S-E Asia’s largest energy storage system on Jurong Island to boost solar power supply
Made up of more than 800 large-scale battery units that can be individually moved and installed, the system stores excess solar energy generated in the day to be used at times of…
Mentioning that the production of hydrogen electricity is very costly, she said such a plan can be taken if the costs come down in the future.
The government on Jan 31 increased the electricity price by 5 per cent at the retail level, the second hike in 19 days.
If subsidies continue to grow exponentially, the government may be forced to reallocate funds or resources from other economic activities or turn to borrowing funds.
The government should strengthen support steps to deal with shock from higher utility bills.
The government must extend generous support to poor and low-income families through targeted measures to shield them from the negative impact of high inflationary pressure due to…