Reuters Asia Business

BANGKOK (Reuters) – Thailand’s central bank said on Monday the country’s economy could see lower growth in the first half of 2022 than a baseline scenario due to uncertainties caused by the Omicron variant of the coronavirus. While Southeast Asia’s second-biggest economy has been supported by domestic spending and a rebound in tourism, a growing …

Thai central bank sees lower H1 economic growth due to Omicron outbreak Read More »

By Tushar Goenka BENGALURU (Reuters) – Higher telecommunications charges, along with a comparatively low base one year ago, likely drove Indian retail inflation to a six-month high in December, a Reuters poll found, keeping alive expectations for an interest rate rise by mid-year. The Jan. 4-7 survey of 41 economists showed Indian retail inflation rose …

Indian inflation likely accelerated to a six-month high in December: Reuters poll Read More »

Jan 10 (Reuters) – Malaysia’s industrial production in November rose 9.4% from a year earlier, above forecast, government data showed on Monday. November’s industrial production was expected to rise 7.3%, according to 10 economists surveyed in a Reuters poll.​

MANILA (Reuters) – The Philippines’ energy secretary Alfonso Cusi has appealed to Indonesia to lift its coal export ban, saying the policy will be detrimental to economies heavily reliant on the fuel for power generation, Manila’s Department of Energy said on Monday. Indonesia, the world’s biggest thermal coal exporter suspended exports on Jan. 1 after …

Philippines urges Indonesia to lift coal export ban Read More »

SHANGHAI (Reuters) – Shimao Group Holdings has put on sale all of its real estate projects, including both residential and commercial properties, as the cash-strapped Chinese property developer accelerates asset disposals, Caixin reported. Shimao, which defaulted on a trust loan last week, has asked agents since late December to help seek buyers for its properties, …

Chinese developer Shimao puts all property projects on sale – Caixin Read More »

JAKARTA (Reuters) -Indonesia is yet to reach a decision on lifting its coal export ban as authorities discussed overcoming logistic issues that have slowed efforts to distribute coal to domestic power plants, a mining group executive said on Sunday. The world’s biggest thermal coal exporter suspended coal exports on Jan. 1 after Indonesia’s state power …

Indonesia holds talks with industry on coal distribution problems, export ban Read More »

TOKYO (Reuters) -New daily coronavirus cases in the Japanese capital Tokyo rose to 1,224 on Saturday, the Tokyo government said, the highest since Sept. 11. COVID-19 is surging in Japan, and the country is stepping up restrictions in three regions that host U.S. military bases, which some officials say have helped fuel the spike. The …

Tokyo’s daily COVID-19 cases rise to most since Sept 11 Read More »