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 …
China to focus on Gobi desert for new solar, wind power bases Read More »
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 »
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 …
Factbox-Indian cotton yarn’s journey, from knitting to packing Read More »
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 …
Indonesia suspends operations of more than 1,000 miners -ministry Read More »
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 …
Malaysia’s current account surplus widens to 15.2 billion rgt in Q4 Read More »
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 …
Activist shareholder Quarz objects to terms of $3 billion Singapore REIT merger Read More »
BANGKOK (Reuters) – Thailand’s cabinet will discuss next week a package of measures to mitigate the impact of high fuel prices, the finance minister said on Friday. The package will include measures from the energy and finance ministries, finance minister Arkhom Termpittayapaisith told reporters. He did not give further details. (Reporting by Kitiphong Thaichareon; Writing …
Thailand to consider measures to ease impact of fuel prices -Finance Minister Read More »
SHANGHAI (Reuters) – Business boomed last year for Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on the back of a global chip shortage, with revenues and profits soaring despite pressure from U.S. sanctions, it said. Sales for calendar 2021 were up 39% on the year at a record of $5.4 billion, propelled by worldwide …
China’s SMIC earns record revenue in 2021, boosted by global chip shortage Read More »
SHANGHAI (Reuters) – U.S. electric carmaker Tesla plans to place its China design centre in Beijing, a government document issued by the Chinese capital said. Tesla said in 2020 it planned to open such a centre in the country to make “Chinese-style” vehicles but has not said where it would be. Last year, Reuters reported …
Tesla plans to locate China design centre in Beijing, city govt says Read More »
By Florence Tan SINGAPORE (Reuters) – Saudi Aramco has notified at least six Asian buyers that it will supply full contractual volumes of crude oil in March, sources with knowledge of the matter said on Friday. The full supply assurance came after the state oil giant raised March official selling prices to Asia. The world’s …
Several Asian refiners to receive full Saudi crude allocation in March -sources Read More »
