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Ovais Subhani

Senior Business Correspondent

Ovais joined The Straits Times in 2019, months before the Covid-19 pandemic, and made everyone realise why access to technology and free trade is vital to their lives. He started his career in Singapore with Reuters in 2000 as its Asia treasury correspondent, covering the region’s currency and bond markets. He also worked as the South-east Asia markets correspondent. Before ST, Ovais was news editor at Bloomberg’s world commodities desk. The experience at the newswires gives Ovais an understanding of how the economy and capital markets work and how policy choices affect everything.

Latest articles

Electricity prices could stay higher for longer after attack on world’s top LNG plant

The expected increase in Singapore’s electricity tariffs in March will likely not be the last after Iranian missile strikes caused extensive damage to Qatar's LNG plant.

Singapore GasCo to buy more LNG cargoes if needed, says EMA, as global energy concerns rise

**ONLY PHOTOS WITHIN SLNG ALLOW AND ONLY CERTAIN ANGLES ALLOW, NO TAKING OF FIRE BURNING OR ZOOM INTO OTHER FACILITIES IN JURONG ISLAND AS REQUESTED**

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As part of a package on how energy gets from source to our homes, ST will be touring a SLNG terminal on Jurong Island.

Location	SLNG Guardhouse 6 Meranti View Jurong Island,

Singapore could face double whammy of rising energy costs and higher US tariffs

An oil tanker (L) refuels a container vessel docked at Pasir Panjang port terminal in Singapore on March 10, 2026. (Photo by Roslan RAHMAN / AFP)

LNG supply crunch worsening for S'pore and Asia, as signalled by string of force majeure notices

Most analysts believe between 15 per cent and 20 per cent of Singapore LNG imports come from the Middle East.

Singapore consumers in for higher petrol, electricity prices as oil spikes past US$100

Consumers and businesses in Singapore may soon see petrol prices rise again after a round of hikes last week.

Singapore still subject to 10% US tariff as no official word yet on higher 15% rate: Gan Siow Huang

The Government is ready to roll out further measures to support business and workers if needed, said Ms Gan Siow Huang, Minister of State for Trade and Industry.

Why shopping for food, clothes and toys in S’pore may get more expensive as oil prices rise

Oil plays a role in the manufacturing of common consumer items - particularly those that require plastics - such as toys, computers and kitchen ware.

S’pore to step up investments to extend lead in advanced manufacturing, such as in semiconductors

The moves aim to help manufacturers raise their productivity, improve quality and reliability, and become more flexible and resilient.

Prolonged Middle East conflict may push up prices; S’pore to reassess GDP forecast if needed: DPM Gan

Smoke rises after coordinated U.S. and Israeli airstrikes in Tehran, Iran, on March 1.

Oil prices surge as much as 13% in first trades after start of US-Iran conflict

The Strait of Hormuz is a critical chokepoint in the Middle East Gulf through which flows a fifth of the world’s oil and large volumes of liquefied natural gas.