Asia
Differences in energy exposure are also shaping responses.Countries like the Philippines and Vietnam are more reliant on Middle Eastern energy imports, while others such as Indonesia, Malaysia and Thailand have greater domestic capacity and are focusing on subsidies and price controls, Patton noted. For example, cities across Metro Manila have rolled out energy-saving measures like reducing fuel allocation for government vehicles.WHAT OUTCOMES TO EXPECTGiven these differences, analysts said expectations for major coordinated measures remain modest, with national-level responses likely to dominate the summit.“With ASEAN, it’s always about the process rather than the destination. You can’t necessarily expect ASEAN to produce a really…
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