JAKARTA (Reuters) – Indonesia will tighten customs checks at small ports to crack down on the illegal import of second-hand shoes, the industry ministry said on Monday, responding to a Reuters report that found footwear donated to a recycling scheme in Singapore was shipped to Indonesia. A six-month Reuters investigation published on Feb. 25 found …
Indonesia to tighten used shoe import controls after Reuters report Read More »
By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -Pakistan will be required to give an assurance that its balance of payments deficit is fully financed for the remaining period of an International Monetary Fund (IMF) programme, the lender’s resident representative said. The external financing is one of the last in a string of prior …
Pakistan has to give assurances on financing BOP deficit: IMF Read More »
By Joe Cash BEIJING (Reuters) – China likely again exported and imported less in January-February than a year earlier, backing policymakers’ fears that a slowing global economy could drag on growth at home, a Reuters poll showed on Monday. Data for the period January-February are expected to show a 9.4% fall in exports from a …
China Jan-Feb trade likely contracted again as global economy slowed – Reuters poll Read More »
By Rae Wee and Summer Zhen SINGAPORE/HONG KONG (Reuters) – China’s parliament has set what analysts said was a conservative growth target for 2023, leaving investors relieved policymakers were aware of the multiple headwinds the economy faces and yet focused on longer term priorities. Even as China recovers from COVID-19 disruption, weaker demand at home …
Investors see bright side of China’s slow-but-steady economic growth targets Read More »
By Selena Li HONG KONG (Reuters) – Canada’s Manulife Financial Corp plans at least two more top-tier hires in China this month as it targets the pensions business in the fast-ageing society after taking full control of a joint venture, senior executives said. After becoming in November the first foreign financial firm to receive regulatory …
Manulife steps up hiring in China to tap big pensions opportunity Read More »
SEOUL (Reuters) – HYBE acquired a further 0.98% stake in its rival SM Entertainment through a tender offer, a regulatory filing showed on Monday. The BTS agency sought to purchase up to 25% of SM through a tender offer last month but fell short of that goal. HYBE owns a 15.78% stake in SM as …
Hybe acquires further 0.98% stake in SM Entertainment through tender Read More »
JAKARTA (Reuters) – Indonesia will provide incentives to boost sales of electric vehicles (EVs) starting March 20, as part of efforts to accelerate adoption and attract investment from companies like Tesla, senior cabinet minister Luhut Pandjaitan said on Monday. The incentive programme will cover sales of 200,000 electric motorcycles and 35,900 electric cars, said Industry …
Indonesia to provide incentives to boost EV sales, attract investment Read More »
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – India’s DLF sold a $1 billion upmarket residential project in 72 hours while rival Godrej Properties is offering $3 million apartments to clients selected by invitation, two off-plan sales that are signalling a revival in luxury housing. Property developers say spacey high-price apartments that come …
Nannies on call, spas; India witnessing ‘mad rush’ for luxury housing Read More »
WASHINGTON (Reuters) – Two U.S. senators plan to introduce legislation this week aimed at letting the government “ban or prohibit” foreign technology products such as Chinese-owned TikTok, Senator Mark Warner said on Sunday. Warner, the chairman of the Senate Intelligence Committee, said TikTok would be “one of the potentials” for review under the bill. The …
TikTok a potential target in upcoming U.S. bill to ban some foreign tech – Senator Read More »
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple, said on Sunday revenue in February fell 11.65% year-on-year due to weakness in smart consumer electronics, but stuck to its first quarter outlook. Revenue last month still managed to reach the second highest on record for February at …
Foxconn reports fall in Feb sales, sticks to Q1 outlook Read More »
