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price-war

Academia 2 months ago

PREMIUM
How to deal with involution in China

Multiple factors have contributed to overcapacity in China due to intense domestic competition, and though the government has several anti-involution measures in place, it will take time before they begin effecting any change.

Academia 7 months ago

China’s fight against price wars is an uphill battle

China’s anti-involution efforts have had some success, but this will likely not be a short fight.

Economy 7 months ago

PREMIUM
Major auto show GIIAS ends with larger crowds but slower sales

Auto dealers have been grappling with fiercer competition, especially in the electric vehicle segment, where a wave of new models, many from Chinese manufacturers, has entered the market with aggressively low pricing.

Business 5 years ago

Explainer: What does the oil price crash mean for Indonesia?

US crude fell to negative value for first time in history on April 20 as the coronavirus crisis sapped demand and producers ran out of places to store all their excess barrels of crude

Business 5 years ago

Oil rallies as deal takes shape before key meeting

US benchmark West Texas Intermediate rose 4.6 percent to US$26.26 a barrel, while Brent crude, the international benchmark, jumped 2.7 percent to $33.73.

Business 5 years ago

Crude reality: price crash means oil firms must slash spending

Investment in oil exploration and production was set to hit just over half a trillion dollars this year according to the French research body IFPEN, as firms sought to maintain and expand output.

Business 5 years ago

Indonesia removes price floor for unsubsidized fuels amid global oil price war

The Energy and Mineral Resources Ministry issued on Feb. 28 Ministerial Decree No. 62/2020 that erases a price floor for gasoline and diesel set by a previous decree, providing flexibility for distributors to reduce prices as low as possible.

Business 6 years ago

Oil plunges about 30% after Saudi Arabia slashes prices, opens taps

Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the coronavirus outbreak.