Reuters Asia Business

China property developers shares up on reports they may have more access to funds

11 Feb 2022

HONG KONG (Reuters) -Shares of Chinese property developers climbed on Friday, following media reports that the sector is gaining easier access to presale proceeds from residential projects – the latest move by authorities to ease the industry’s severe cash crunch. Regulatory curbs on borrowing have driven China’s property sector into a liquidity crisis, highlighted by …

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Singapore Airlines to buy ExxonMobil’s sustainable fuel in push to cut emissions

11 Feb 2022

(Reuters) – Singapore’s civil aviation authority and state-investor Temasek will support the city-state’s flagship carrier Singapore Airlines in buying sustainable aviation fuel (SAF) from top U.S. oil producer Exxon Mobil Corp for use in flights, the parties said on Friday. Its use is expected to reduce about 2,500 tonnes of carbon dioxide emissions during the …

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China publishes rules on interbank market bond borrowing and lending

11 Feb 2022

SHANGHAI (Reuters) – China’s central bank published rules on Friday to better regulate the business of borrowing and lending bonds in China’s interbank market. The rules are designed to increase market liquidity and protect the interests of market participants, the People’s Bank of China said on its website. (Reporting by Shanghai Newsroom; Editing by Kevin …

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

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

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

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

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

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

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 …

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

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