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Posted: 24 Jun 2014 | 6:33 am
For Asian's the current Iraq crisis seems a world away, but in a global world that links around the world, external events continue to create domino a effect.
One key insight of the Iraq situation is that the country is OPEC's number two ranked oil supplier. Any disruption in supply can have a profound impact on broader oil prices.
Crude oil prices are already set to breach USD110 a barrel, and in the case of a long-term conflict could eclipse USD140.
For tourism oil prices drive airline seats up in cost and for hotel developers construction costs for new properties rise.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
National airline carrier Thai Airways International has banned shark fin products for its air cargo network.
Local opposition to the planned Dolphinarium in Chalong is mounting both locally and abroad.
Library of published hospitality, tourism and property market intelligence.
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