BANGKOK (Reuters) – Thailand recorded a current account deficit $0.4 billion in November after a revised surplus of $0.6 billion the previous month, the central bank said on Thursday. Exports, a key driver of growth, dropped 5.5% year-on-year in November, and imports rose 8.2% year-on-year, resulting in a trade surplus of $0.5 billion in the …
Thailand posts current account deficit in Nov, exports fall Read More »
By Josh Ye HONG KONG (Reuters) -China’s video game regulator granted publishing licences to 44 foreign games for domestic release，including seven from South Korea, further lifting rigid curbs that have hammered the industry for 18 months. South Korean gaming stocks, including Netmarble Corp, NCSOFT, Krafton, Kakao Games and Devsisters jumped between 2% and more than …
China to import 44 foreign video games, grants multiple licences to Tencent Read More »
TAINAN, Taiwan (Reuters) -Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the world’s largest contract …
TSMC starts volume production of most advanced chips in Taiwan Read More »
KUALA LUMPUR (Reuters) – Malaysia’s new government will present its budget for 2023 on February 24, according to a schedule published on the parliament’s website. The previous administration under former Prime Minister Ismail Sabri had on Oct. 7 unveiled a smaller budget for 2023, but it was never approved as parliament was dissolved to make …
By Joe Cash and Engen Tham BEIJING/SHANGHAI (Reuters) – Jordan Li, a restaurant owner in the southwestern Chinese city of Chengdu, hopes desperately that next month’s Lunar New Year holidays will help him make up for business lost this year because of COVID-related travel and other restrictions. Although infections have risen sharply since the central …
Analysis-China’s services sector eyes recovery after reopening, but challenges loom Read More »
By Khanh Vu HANOI (Reuters) – Vietnam’s economy grew 8.02% in 2022, the fastest annual pace since 1997, backed by strong domestic retail sales and exports, but is facing headwinds from a global slowdown. The reading is higher than an official growth target of 6.0%-6.5% and last year’s growth of just 2.58%, when COVID-19 lockdowns …
Vietnam 2022 GDP growth quickens to 8.02%, fastest since 1997 Read More »
BANGKOK (Reuters) – Thailand’s economy in November was supported by tourism while private consumption held steady, and exports weakened following a slowdown in trading partners’ economies, the finance ministry said on Thursday. Economic stability remained good while price pressures eased, the ministry said in a statement. Growth in Southeast Asia’s second-largest economy has lagged that …
Thai economy got a boost from tourism in November – finance ministry Read More »
SHANGHAI (Reuters) – China’s overnight repo rate extended losses to a new low on Thursday, as the central bank continued to offer cash support to help financial institutions tide over the year-end demand. The volume-weighted average price of the overnight repo in the interbank market fell to 0.4237%, down about 5 basis points from the …
(Reuters) – Major U.S.-listed Chinese companies, including Pinduoduo Inc and Full Truck Alliance Co, have put discussions about a potential Hong Kong listing on hold, The Information reported on Wednesday, citing people familiar with the matter. The report comes after a U.S. accounting watchdog said it had full access to inspect and investigate firms in …
U.S.-listed Chinese tech companies cancel HK-listing plans: The Information Read More »
By Sinéad Carew NEW YORK (Reuters) – Equity indexes edged lower on Wednesday while oil prices tumbled as investors trudged toward 2023 weighing hopes for a potential economic boost from China’s lifting COVID-19 restrictions against concerns about rising infections there. The yield on the benchmark U.S. 10-year Treasury turned higher after falling earlier, following its …
Equities fall, oil pares losses with 2023, China reopening in focus Read More »
