BANGKOK (Reuters) – Thailand on Thursday announced a tax waiver for organisers of large international concerts, sporting events, and festivals to try to attract big events and position itself as a regional tourism hub. The Board of Investment will grant organisers of large international events requiring an investment of at least 100 million baht ($2.74 …
Thailand offers tax waiver to attract ‘world-class events’ Read More »
MILANO (Reuters) – Italy’s Fincantieri said on Thursday it had signed a 1.18 billion euro ($1.27 billion) contract with Indonesia’s defence ministry to supply two offshore patrol vessels. The shipbuilder company will act as prime contractor and will coordinate with other industrial partners, including defence group Leonardo, which will customise the combat systems and the …
Fincantieri to supply two offshore patrol vessels to Indonesia Read More »
By Scott Murdoch SYDNEY (Reuters) -India’s bulging pipeline of large block trades and listings such as the $3 billion IPO of Hyundai Motor’s unit will draw more funds to a market whose share of global equity capital market deals hit a quarterly record this year, bankers said. A paucity of deals elsewhere in Asia will …
India sizzles in global equity capital markets amid deals drought in Asia Read More »
By Casey Hall SHANGHAI (Reuters) – Alibaba’s plan to buy full control of its logistics subsidiary rather than spinning it off could signal the Chinese giant is taking competition from e-commerce rivals Shein and Temu more seriously in overseas markets, analysts said. The company on Tuesday said it has decided against listing Cainiao – a …
Analysis-With Cainiao buyback, Alibaba takes aim at rivals’ overseas advance Read More »
SHANGHAI/BEIJING (Reuters) – China plans to issue some policy bank bonds earlier in the second quarter ahead of planned sales of special treasury bonds, two sources said on Thursday. Chinese Premier Li Qiang said during the parliamentary meeting in early March that the government plans to issue 1 trillion yuan ($139 billion) in special ultra-long-term …
China to issue some policy bank bonds ahead of special treasuries, sources say Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -Authorities in Singapore said they charged two former officials of Sembcorp Marine on Thursday with handing bribes to Brazilian officials to advance the company’s interests in the South American nation. Sembcorp Marine and Keppel Offshore and Marine merged in 2023 to form Seatrium, which is in talks to pay $110 …
Singapore charges two ex-employees of Sembcorp Marine in Brazil graft case Read More »
By Anirban Sen and Anousha Sakoui NEW YORK (Reuters) – Mergers and acquisitions (M&A) bounced back in the first quarter after a downbeat 2023, thanks to the return of mega deals, cheering investment bankers and lawyers waiting for a pick-up. Total M&A volumes globally climbed 30% to about $755.1 billion, according to the most recent …
Global M&A picks up in Q1 after flurry of large deals Read More »
By Liangping Gao and Kevin Yao BOAO, China (Reuters) -China aims to be strong driving force for the world economic recovery this year, opening its markets wider to foreign investors and promoting high quality growth, the country’s top legislator Zhao Leji said on Thursday. China will make tech innovation a new point of economic growth …
China will be a driving force for the world economic recovery, official says Read More »
JAKARTA (Reuters) – Copper miner Freeport Indonesia has warned the Indonesian government that banning exports of copper concentrate in June could lead to a loss of $2 billion in revenues for Jakarta, a company official said on Thursday. Indonesia’s export ban takes effect from June in an effort to force miners to invest in domestic …
Freeport warns copper export ban could cost Indonesia $2 billion in lost revenue Read More »
KARACHI (Reuters) – Pakistan’s benchmark index touched an all-time high on Thursday, extending a rally following a staff level agreement with the International Monetary Fund earlier this month to free up more financial aid for the country. The benchmark KSE-100 touched a record high of 67,200.82 points in intraday trade, surpassing its previous high of …
Pakistan benchmark share index hits record high, IMF cheer continues Read More »
