No suits, four-day weeks: Asia's energy crunch
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 26 March 2026
⏱️ 18 minutes
🧾️ Download transcript
Summary
With a state of emergency in the Philippines and a series of four-day working weeks and fuel rationing across many countries, the global energy crisis caused by the war in Iran is wreaking havoc on Asia's economies.
We look at why the continent seems so exposed, and what governments and businesses are doing in response, with some extreme steps being taken including four-day weeks and the ditching of office attire.
If you'd like to get in touch with the team, our email address is businessdaily@bbc.co.uk
Presenter: Will Bain Producers: Rebecca Smyllie and Josh Martin Additional production: Tran Vo in Bangkok Sound mix: Toby James
Business Daily is the home of in-depth audio journalism devoted to the world of money and work. From small startup stories to big corporate takeovers, global economic shifts to trends in technology, we look at the key figures, ideas and events shaping business.
Each episode is a 17-minute, daily deep dive into a single topic, featuring expert analysis and the people at the heart of the story.
Recent episodes explore the weight-loss drug revolution, the growth in AI, the cost of living, the economic impact of the war in the Middle East, and why bond markets are so powerful.
We also feature in-depth interviews with company founders and some of the world's most prominent CEOs. These include Google's Sundar Pichai, Wikipedia founder Jimmy Wales, and the CEO of Canva, Melanie Perkins.
(Picture: Employees of the Metropolitan Manila Development Authority (MMDA) queue at lobby elevators at office headquarters in Pasig City, Metro Manila, Philippines. Following a directive from Philippine President Ferdinand Marcos Jr., government offices began implementing an interim four-day on-site working week scheme as part of energy conservation efforts. Credit: EPA/Shutterstock)
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, podcasts. |
| 0:08.1 | Hello and welcome to Business Daily on the BBC World Service. I'm Wilbane. |
| 0:13.2 | Today, the global energy crisis is already wreaking havoc on economies across Asia, |
| 0:18.7 | with potential implications for prices right around the world. |
| 0:22.3 | It is a total supply chain disaster, right? Basically, the price will increase for everyone around the |
| 0:28.7 | world. And with the US and Israel's war in Iran showing little signs of stopping, it's raising |
| 0:34.1 | a question, how long can measures put in place to protect consumers and businesses |
| 0:38.8 | actually hold? |
| 0:40.3 | Right now at a $100 oil per barrel price, the government is spending an extra $30 million a day to subsidize the fuel, |
| 0:47.9 | which means that it's not an easy task the government to handle it for long. |
| 0:52.0 | So today on Business Daily, we're asking, |
| 0:58.5 | just why are Asia's economies so exposed to the global energy crisis? |
| 1:00.2 | And what can they do about it? |
| 1:05.9 | If gas prices continue to rise, |
| 1:09.7 | I may stop driving a tuk-took and working construction instead, |
| 1:11.8 | that would be better, since I'm not making any income. The war in Iran may only be weeks old, but it's already shifting the economic |
| 1:17.8 | reality for workers right across Asia, whether they be driving a Tuk-Tuk in Cambodia or reading |
| 1:23.5 | the news in Thailand. When reading the news, we always have to wear suits and ties. |
| 1:28.9 | So I discussed within the team that we could set an example and corporate with the government. |
| 1:33.4 | So we started the program and took off our suits, sending a signal to the public that this could help. |
| 1:40.1 | Yes, the sky-high cost of energy sparked by the war is having unusual consequences, |
| 1:45.9 | with even office attire seemingly being sacrificed. |
... |
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