Reuters Asia Business

MANILA (Reuters) – Philippine President Ferdinand Marcos Jr has approved the recommendation of the economic ministry to extend up to the end of next year lower tariff rates on rice and other food items to help combat inflation, his office said on Sunday. The modified rates approved in 2021 were due to expire at the …

Philippines extends tariff cuts on imported rice, other food items to fight inflation Read More »

BEIJING (Reuters) – China’s state-owned Commercial Aviation Corp of China (COMAC) has made the first overseas delivery of its ARJ21 jet to Indonesia’s TransNusa Airlines, state media reported on Sunday. It will be the first Chinese airliner to enter the overseas market, said CCTV. TransNusa could not immediately be reached for comment. The 90-seat regional …

China’s Comac delivers ARJ21 jet to Indonesia’s TransNusa -CCTV Read More »

TOKYO (Reuters) – Japan Industrial Partners (JIP), the preferred bidder to buy out Toshiba Corp, may lower the valuation from the planned 2.2 trillion yen ($16.09 billion) to levels below 2 trillion yen, the Nikkei business daily reported on Saturday. Even though JIP has secured funding worth 1 trillion yen in equity from domestic companies …

Toshiba’s preferred bidder may lower valuation below 2 trillion yen – Nikkei Read More »

MOSCOW (Reuters) – Azerbaijan plans to slightly increase its natural gas exports to Europe next year, the country’s president was quoted as saying on Saturday, as Brussels seeks to replace falling energy supplies from Russia. President Ilham Aliyev said his country’s gas exports to Europe were set to rise to “at least” 11.6 billion cubic …

Azerbaijan sees gas exports to Europe edging up in 2023 – Interfax Read More »

By Rajendra Jadhav MUMBAI (Reuters) – Malaysian palm oil is expected to trade at between 3,500 and 5,000 ringgit per tonne from now until the end of May as stocks in the commodity’s top two producer countries deplete, leading industry analyst Dorab Mistry said. Benchmark palm oil contract for March delivery on the Bursa Malaysia …

Palm oil to trade between 3,500-5000 rgt/T until May- analyst Mistry Read More »

SHANGHAI (Reuters) – China will maintain reasonably ample liquidity in financial markets while better serving needs from the real economy next year, state media quoted a vice governor of the People’s Bank of China (PBOC) as saying on Saturday. Monetary policy in 2023 will ensure sufficient amount of liquidity and the structure will be accurate …

China to maintain ample liquidity in 2023 to implement proactive fiscal policy – state media Read More »

SHANGHAI (Reuters) – China’s economic output is likely to exceed 120 trillion yuan ($17.2 trillion) this year, state media quoted a senior Chinese Communist Party official as saying on Saturday. COVID-induced disruptions, weaker demand at home and abroad, and a property downturn have brought headwinds to the world’s second-largest economy this year. “There is a …

China’s economic output to exceed 120 trln yuan in 2022 -party official Read More »

By Aditya Kalra MUMBAI (Reuters) – India’s antitrust watchdog is raiding offices of small-scale steel companies for alleged price collusion of steel products used in construction, two sources with direct knowledge told Reuters.     Among those raided were Rungta Steel and Shyam Steel, the sources said, as officials from the Competition Commission of India (CCI) …

India antitrust agency raids some steel firms for alleged price collusion-sources Read More »