By Khanh Vu HANOI (Reuters) – Vietnam’s exports in the first five months of this year fell 11.6% from a year earlier to $136.17 billion, government data showed on Monday, as weakened external demand weighs on its manufacturing-led economy. Its industrial output in the January-May period fell 2% from a year earlier, the General Statistics …
Vietnam Jan-May exports and industrial output down amid weak demand Read More »
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan will share its upcoming budget details with the International Monetary Fund (IMF) in order to unlock stalled funds, Finance Minister Ishaq Dar said on Sunday. Hopes for a resumption of an IMF deal are diminishing, analysts say, with a bailout programme agreed in 2019 due to expire on June …
Pakistan says to share budget details with IMF to unlock funds Read More »
BEIJING (Reuters) – China’s market regulator said on Sunday it had fined two pharmaceutical companies for monopolistic behaviour. It fined Grand Pharmaceutical 136 million yuan ($19.68 million) and confiscated 149 million yuan of “illegal revenue” for entering into a monopolistic deal with Wuhan Healcare Pharmaceuticals. The regulator fined Wuhan Healcare Pharmaceuticals 4.13 million yuan and …
China regulator fines two pharma firms for monopoly behaviour Read More »
JAKARTA (Reuters) – Indonesian state utility Perusahaan Listrik Negara seeks a $700-million investment to install a 200-megawatt (MW) solar panel that will replace diesel power generators in a bid to reduce carbon emission, the company said late on Saturday. The plan is part of its target to reach net zero carbon emissions by 2060. PLN …
Indonesia seeks $700 million to install 200 MW of solar power Read More »
By Daniel Leussink and Makiko Yamazaki TOKYO (Reuters) -Proxy adviser Institutional Shareholder Services (ISS) has recommended that shareholders of Toyota Motor Corp vote in favour of a resolution urging the automaker to improve disclosure of its lobbying related to climate change. ISS in a report also regarded three of Toyota’s four outside director nominees as …
ISS backs Toyota shareholder proposal on climate disclosure Read More »
By David Lawder DETROIT (Reuters) – The United States “won’t tolerate” China’s effective ban on purchases of Micron Technology memory chips and is working closely with allies to address such “economic coercion,” U.S. Commerce Secretary Gina Raimondo said on Saturday. Raimondo told a news conference after a meeting of trade ministers in the U.S.-led Indo-Pacific …
U.S. ‘won’t tolerate’ China’s ban on Micron chips-Raimondo Read More »
By David Lawder DETROIT (Reuters) – Trade ministers of 14 countries in the U.S.-led Indo-Pacific Economic Framework (IPEF) talks “substantially completed” a deal to make supply chains more resilient and secure, the Commerce Department said on Saturday, marking the first tangible results of the year-long negotiations. U.S. Commerce Secretary Gina Raimondo told a press conference …
U.S.-led Indo-Pacific talks produce deal on supply chain early warnings Read More »
BEIJING (Reuters) – The financial regulator of China’s Wuhan city publicly exposed 259 firms with debt to the government and urged them to immediately pay up, local media reported on Saturday. The rare action from Wuhan’s finance bureau on Friday comes as local governments in China become increasingly pressed by higher debt and expenses. Wuhan …
BEIJING (Reuters) – China and South Korea have agreed to strengthen dialogue and cooperation on semiconductor industry supply chains, amid broader global concerns over chip supplies, sanctions and national security, China’s commerce minister said. Wang Wentao met with South Korean Trade Minister Ahn Duk-geun on the sidelines of the Asia-Pacific Economic Cooperation (APEC) conference …
By Dewi Kurniawati JAKARTA (Reuters) – Indonesia’s anti-monopoly agency (KPPU) ordered seven cooking oil companies on Friday to pay fines of up to $2.8 million for restricting sales amid scarce supplies last year. KPPU launched an investigation into the conduct of cooking oil companies last year after the Indonesian government placed a temporary cap on …
Indonesia’s anti-trust body fines cooking oil firms for restricting supply Read More »
