HONG KONG (Reuters) – China Evergrande Group’s onshore flagship unit Hengda Real Estate said the holders of an onshore bond worth 8.2 billion yuan ($1.19 billion) will hold a meeting on Wednesday to vote whether they will join the group’s offshore restructuring proposal. The bond in question, due July 8 after extending the maturity by …
TOKYO (Reuters) -Japan is considering expanding the areas in which skilled foreign workers can receive long-term work visas to 12 from three, the Nikkei newspaper reported on Monday. The change would include sectors such as food manufacturing and could take effect as early as June, the Nikkei added. Rapidly-ageing Japan suffers from a shortage of …
Japan considers widening long-term foreign worker visa scheme -Nikkei Read More »
By Enrico Dela Cruz MANILA (Reuters) – Nickel Asia Corp, the Philippines’ biggest nickel ore producer, expects to bring two more mines into production in three years and will assess the feasibility of building another processing plant, its chief executive said on Monday. In an interview with Reuters, president and CEO Martin Antonio Zamora said …
Philippines’ Nickel Asia to open additional 2 mines, eyes IPO for power unit Read More »
By Hyunsu Yim SEOUL (Reuters) – Throngs of people have been milling seemingly aimlessly around the forecourt of a museum in central Seoul, brushing silently past each other with heads bent toward smartphones while fingers frantically tap screens – in the latest money-making trend. Walking 10,000 steps, completing tasks such as subscribing to social media, …
South Koreans tap cash-giving apps to help offset rising living costs Read More »
ASTANA (Reuters) – Kazakh oil can help ensure the Czech Republic’s energy security after it stopped importing Russian crude, Czech Prime Minister Petr Fiala said on a visit to the Central Asian country. “We need to boost our own energy security and your (oil) could become a key factor in this,” he told a briefing …
Czech PM says Kazakh oil can help it replace Russian crude Read More »
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.1% in the January to March period, improving for the eleventh consecutive quarter as economic activity continued to pick up, the government said on Monday. In the December to February period, the unemployment rate stood at 3.3%. “The labour market should improve further …
Hong Kong’s January-March unemployment eases to 3.1% Read More »
HONG KONG (Reuters) -Citigroup’s Asia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance revenue and a jump in new private banking clients, according to a company spokesperson. The wealth market in Asia has been undergoing a shakeup as some rich clients fled Credit Suisse amid a banker exodus …
Citigroup’s Asia Q1 wealth revenue jumps 20% amid new clients, investment gains Read More »
ALMATY (Reuters) – Kazakh fintech and banking business Kaspi.kz said on Monday it was preparing for a U.S. listing, as it reported its adjusted first-quarter profit jumped by 52% year on year to 178 billion tenge ($389 million). The board of Kaspi.kz, which is already listed in Kazakhstan and on the London Stock Exchange, has …
Kazakh fintech Kaspi.kz says preparing for U.S. listing Read More »
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) – Thailand’s economy is still seen growing at 3.6% this year, driven by tourism and domestic consumption, the central bank chief said on Monday, in spite of turbulence in the first half of the year and global financial uncertainty. As the country’s economic recovery remains intact, there …
Thai central bank chief sees growth at 3.6% this year, inflation risks Read More »
TOKYO (Reuters) – Japanese electric motor maker Nidec Corp on Monday posted its first quarterly operating loss in a decade, hit by hefty restructuring costs and difficulty in procuring semiconductors and other components. The loss of 24.3 billion yen ($181.01 million) for the January-March quarter compared to an average estimate for a 11.75 billion yen …
Japan’s Nidec posts first quarterly loss in 10 years Read More »
