Reuters Asia Business Archives - Page 1364 of 1519

Malaysia’s VS Industry hires PwC Consulting to review labour practices

11 Feb 2022 11 Feb 2022

KUALA LUMPUR (Reuters) -Malaysian manufacturer VS Industry Bhd has appointed PwC Consulting to independently review its labour practices for migrant workers, it said on Friday. Malaysian makers of items from medical gloves to palm oil have increasingly drawn scrutiny over accusations that they abuse foreign workers, who form a significant part of the manufacturing workforce. …

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Taiwan’s January exports post strong rise again, Q1 seen strong overall

11 Feb 2022 11 Feb 2022

TAIPEI (Reuters) – Taiwan’s exports rose for an 19th straight month in January, though at a slightly lower rate than forecast, boosted by continued strong tech demand and stockpiling ahead of the Lunar New Year, with strong growth predicted in the first quarter. Exports last month rose 16.7% from a year earlier to $39.98 billion, …

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China’s Zhenro Properties shares, bonds plunge on debt restructuring concern

11 Feb 2022 11 Feb 2022

SHANGHAI (Reuters) -Shares and bonds of Chinese property developer Zhenro Properties fell heavily on Friday before one of its yuan bonds was temporarily suspended from trading. Its shares closed down 66.4% to their lowest level since listing in Hong Kong in January 2018, while shares in its property services unit plunged 57.7%. The Hang Seng …

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Malaysia’s Capital A eyes separate listing of aviation business

11 Feb 2022 11 Feb 2022

KUALA LUMPUR (Reuters) -Capital A Bhd , which owns Malaysia’s flagship budget airline AirAsia, is forming an independent board for its aviation arm while mulling a separate listing of the business as the market recovers, its chief said on Friday. Capital A Chief Executive Tony Fernandes told reporters in a virtual briefing that all companies …

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China to focus on Gobi desert for new solar, wind power bases

11 Feb 2022 11 Feb 2022

SHANGHAI (Reuters) – China’s new renewable energy plans will focus on the Gobi and other desert regions, as it speeds up the construction of huge new wind and solar power bases and boosts its transmission capabilities, regulators said in a new policy document. To meet its climate targets, China – the world’s biggest greenhouse gas …

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Singapore set for 2022 budget surplus as COVID-19 costs recede, tax hike looms

11 Feb 2022 11 Feb 2022

By Aradhana Aravindan SINGAPORE (Reuters) – Singapore could return to a small budget surplus in 2022 as the economy recovers from the COVID-19 pandemic, with the government turning its focus to rebuilding public finances and an imminent tax hike after two years of unprecedented spending. The transport and financial hub, seen as a bellwether of …

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Factbox-Indian cotton yarn’s journey, from knitting to packing

11 Feb 2022 11 Feb 2022

By Krishna N. Das HINDUPUR, India (Reuters) – India is hoping its labour-intensive textiles and apparel (T&A) companies will help it address a jobs crisis, and has promised to pump about $2 billion into the industry over the next few years to generate more than 1 million jobs. About a third of the money would …

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Indonesia suspends operations of more than 1,000 miners -ministry

11 Feb 2022 11 Feb 2022

By Bernadette Christina JAKARTA (Reuters) – Indonesia has suspended the operations of more than 1,000 miners of coal, tin and other minerals due to a failure to submit their 2022 work plans, according to a document issued by the Minerals and Coal Directorate General of the mining ministry. The Southeast Asian country has been seeking …

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Malaysia’s current account surplus widens to 15.2 billion rgt in Q4

11 Feb 2022 11 Feb 2022

KUALA LUMPUR (Reuters) – Malaysia’s current account surplus widened to 15.2 billion ringgit ($3.63 billion) in the fourth quarter, from 11.6 billion ringgit in the third quarter, the Department of Statistics said on Friday. Portfolio investment saw a net inflow of 2.8 billion ringgit, compared with an outflow of 4.3 billion ringgit in the previous …

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Activist shareholder Quarz objects to terms of $3 billion Singapore REIT merger

11 Feb 2022 11 Feb 2022

By Anshuman Daga SINGAPORE (Reuters) -Activist investor Quarz Capital Management said it is opposed to the terms of a proposed S$4.2 billion ($3.1 billion) merger of two Temasek-linked Singapore real estate investment trusts, saying the target firm was significantly undervalued. It is urging Mapletree North Asia Commercial Trust (MNACT) to negotiate an improved offer from …

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Reuters Asia Business﻿﻿

Reuters Asia Business