BANGKOK (Reuters) – Thailand’s government expects to launch a signature handout scheme worth 500 billion baht ($13.8 billion) by the fourth quarter of this year, a deputy finance minister said on Monday, delaying it beyond a former target date of May. Concerns over the funding have dogged the controversial digital wallet scheme to transfer 10,000 …
Thailand delays $14 billion handout scheme to fourth quarter Read More »
By Chayut Setboonsarng and Devjyot Ghoshal BANGKOK (Reuters) – Boosted by strong electric vehicle sales, Chinese car makers will be in the spotlight at the Bangkok International Motor Show this week, underscoring the growing challenge to Japanese auto giants that have long dominated Thailand’s vehicle market. Chinese automakers such as Geely’s Zeekr and state-owned Xpeng …
Chinese EV makers take centre stage at Bangkok motor show, to unveil new models Read More »
SINGAPORE (Reuters) -Singapore’s February core inflation accelerated to its fastest pace in seven months, official data showed on Monday, as seasonal effects from the Lunar New Year drove services and food prices higher. The core inflation rate, which excludes private road transport and accommodation costs, came in 3.6% in February from a year earlier, faster …
Singapore Feb core inflation accelerates to 7-month high amid Lunar New Year Read More »
By Liangping Gao, Ryan Woo and Jing Xu BEIJING (Reuters) -China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia’s largest economy moves to upgrade and strengthen its industrial chains. “China will fully guarantee national treatment for foreign …
China vows to treat foreign firms equally amid industrial upgrade push Read More »
By Bernard Orr BEIJING (Reuters) – A job advertisement in China seeking cashiers aged 18 to 30 at a grocery store has ignited debate on social media about the perils of “middle-age unemployment”, amid a scramble to fill jobs across age groups and energise a sluggish economy. With tens of millions of college graduates set …
China job ad sparks social media outcry over ‘middle-age’ unemployment Read More »
By Colleen Howe and Jing Xu BEIJING (Reuters) -China needs to “reinvent itself” with economic policies to speed resolution of its property market crisis and boost domestic consumption and productivity, the International Monetary Fund’s Managing Director Kristalina Georgieva said on Sunday. “China faces a fork in the road — rely on the policies that have …
China told it faces ‘fork in the road’ as officials meet CEOs Read More »
By Colleen Howe and Chen Aizhu (Reuters) -China Petroleum & Chemical Corp, known as Sinopec, reported a 9.9% decline in 2023 net profit on Sunday, weighed by falling oil and gas prices but supported by recovering fuel demand. The world’s largest oil refiner by capacity posted net income of 60.5 billion yuan ($8.37 billion), based …
Sinopec’s 2023 net income falls 9.9% in ‘complicated environment’ Read More »
BEIJING (Reuters) – Apple Vision Pro will hit the mainland China market this year, Apple chief executive Tim Cook said on Sunday, according to state media. Cook revealed the headset’s China launch plan in response to a media question on the sidelines of the China Development Forum in Beijing, CCTV finance said on its Weibo …
Apple Vision Pro to hit mainland China this year, state media says Read More »
(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel and AMD from government personal computers and servers, the Financial Times reported on Sunday. The procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favour of domestic options, the report said. Government agencies above the township level …
China blocks use of Intel and AMD chips in government computers, FT reports Read More »
BEIJING (Reuters) – With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo scenario, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Sunday. “This additional growth would amount to a 20% expansion of the real economy over the next 15 years, in today’s terms, that is like …
China could grow faster with pro-market reforms, IMF managing director says Read More »
