Kenyan flower export freight charges have surged by 9% to Sh545.6 per kilo due to flight disruptions stemming from the Middle East conflict. This increase has significantly impacted the sector, which has already incurred substantial losses.

• The sector has recorded losses of at least Sh623.5 million since the conflict began.
• The Kenya Flower Council, represented by its Chief Executive Officer Clement Tulezi, highlighted the crisis.
• Farms relying on Middle Eastern markets have seen revenues drop by up to 75%, with potential weekly losses exceeding $1.3 million if the situation persists.

Kenya is shielding its fuel supply and prices from global instability, particularly amid tensions in the Middle East, through a Government-to-Government (G-to-G) import deal.

• The G-to-G arrangement provides fuel on credit from Gulf-based suppliers, stabilizing domestic prices and ensuring consistent supply despite disruptions affecting key oil transit routes like the Strait of Hormuz.
• President William Ruto highlighted the deal's success in cushioning the country from price volatility.
• Beyond fuel, Kenya also reports adequate fertilizer supply for the current planting season, while meat exports face disruption due to logistical challenges.

Korean Air has entered emergency management mode due to soaring jet fuel costs, triggered by the ongoing conflict with Iran and the global economic impact. This move aims to implement internal cost-reduction measures to ensure the airline's financial stability amidst rising fuel prices and global economic uncertainty. The airline's Vice Chairman Woo Ki-hong communicated these plans to staff, emphasizing a company-wide pursuit of cost efficiency.

• Jet fuel costs have sharply increased, with Brent crude oil rising over 50% to over $110 per barrel since February 28.
• Korean Air, along with Asiana Airlines and Busan Air, all owned by the Hanjin Group, have adopted emergency management.
• The average price of jet fuel reached nearly $200 per barrel on March 20, more than double February's price.

Singapore residents will experience an increase in electricity and town gas tariffs for the second quarter, with further hikes anticipated later this year. This rise is attributed to escalating global fuel costs driven by the ongoing Middle East conflict.

• The Energy Market Authority (EMA) announced the tariff adjustments.
• Tariffs for April through June are influenced by fuel prices from January to mid-March.
• Singapore, heavily reliant on imported energy (95 percent of electricity from imported natural gas), warns of higher and more volatile energy costs.