Reuters Asia Business

SHANGHAI (Reuters) – Billionaire investor Mark Mobius told FOX Business he cannot take his money out of China due to the country’s capital controls, cautioning investors to be “very, very careful” about investing in an economy under a tight government grip. “I have an account with HSBC in Shanghai. I can’t take my money out. …

Billionaire investor Mark Mobius says he cannot take money out of China -FOX Business Read More »

JAKARTA (Reuters) -Indonesia’s inflation will remain above 5% in the first half of 2023, mainly on high food prices, before falling below 4% in the second half, central bank Governor Perry Warjiyo said on Sunday, warning that the fight to control inflation must continue. “The game is not over, let us together anticipate inflation, mainly …

Indonesia’s inflation to stay above 5% in first half -central bank chief Read More »

By Eduardo Baptista and Brenda Goh BEIJING (Reuters) -China’s science and technology policies should aim to build its strength and self-reliance, while the role of the government in pooling resources for key technological breakthroughs needed to be leveraged better, Premier Li Keqiang said on Sunday. The nation effectively countered external attempts to suppress and contain …

China to double down on push to be self-reliant in tech, premier says Read More »

BEIJING (Reuters) -Warning that risks remain in the property market, China’s government said in a report released at parliament’s annual opening on Sunday that it would promote the sector’s stable development and prevent disorderly expansion by developers. Premier Li Keqiang made guarding against risks to top property developers one of the government’s priorities this year, …

China to guard against risks among property developers – Premier Li Read More »

BEIJING/SHANGHAI (Reuters) – China will deepen financial reform and improve its regulatory regime to guard against risks to the economy, and further open up to foreign investment, Premier Li Keqiang said on Sunday. The government will fend off risks for high-quality property firms and reduce the burden of interest payments for local governments, the outgoing …

China to deepen financial reform, open to more foreign investment Read More »

BEIJING (Reuters) – The Chinese government on Sunday set a slightly lower annual economic growth target compared with last year’s goal, as the world’s second-biggest economy began to emerge from three years of severe COVID-19 restrictions. China has set its 2023 growth target for its economy at around 5%, according to a government work report …

China sets slightly lower annual GDP growth target – government report Read More »

By Kantaro Komiya TOKYO (Reuters) – Japan’s trade unions are demanding the biggest wage hike in more than two decades at their spring pay negotiations, a national labour tally showed on Friday, as the government and central bank urge firms to raise workers’ wages to support the economy. A survey of more than 2,000 unions …

Japan unions ask average 4.5% wage hike, biggest since 1990s Read More »

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japan pledged financial and technological support on Saturday to help ASEAN countries accelerate their efforts to decarbonise their economies and combat climate change. Energy-poor Japan hopes to become the world’s leading hydrogen economy to reduce dependence on traditional polluting fossil fuels such as coal and oil. As …

Japan pledges financial support to help ASEAN decarbonise Read More »