Reuters Asia Business

MANILA (Reuters) – Three government-approved LNG import terminal projects in the Philippines are expected to begin commercial operations in early 2023, marking the birth of the country’s liquefied natural gas industry, a senior energy official said on Tuesday. The projects are those of Singapore-based Atlantic, Gulf and Pacific (AG&P), First Gen Corp, and Australia-listed Energy …

Philippines to open door to LNG imports next year with 3 terminals Read More »

BANGKOK (Reuters) – Thailand’s government plans new borrowing of about 820 billion baht ($21.64 billion) in the 2023 fiscal year starting Oct. 1, mainly to finance a budget deficit, the finance ministry said on Tuesday, as it tries to bolster economic recovery. The borrowing is part of a wider debt management plan in the fiscal …

Thai govt plans $21.6 billion in new borrowing in 2023 fiscal year Read More »

By Yantoultra Ngui and Anshuman Daga SINGAPORE (Reuters) – Chinese healthcare and biotech firms are ripe for consolidation due to a sharp decline in valuations after the COVID-19 pandemic spurred over-investments in the sector, a leading local venture capitalist said. The global healthcare sector has experienced an investment boom by venture funds and private equity …

‘Overinvested’ China healthcare sector set for shake up -top venture fund Read More »

BEIJING/SYDNEY (Reuters) – China will show off its homegrown civil and military aviation technology at the country’s biggest air show in November, the mayor of host city Zhuhai said on Tuesday, though there was no confirmation that would include the C919 narrowbody jet. The C919, made by Commercial Aircraft Corp of China (COMAC) and designed …

China’s biggest air show could take off again without C919 narrowbody jet Read More »

SEOUL (Reuters) – South Korean consumers’ inflation expectations fell in September for a second month after six months of rises, although the decline was small, a central bank survey showed on Tuesday The Bank of Korea said in a statement respondents to the survey gave a median answer of 4.2% when asked about their expectations …

S.Korean inflation expectations fall for a second month in Sept Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -Some investors are growing concerned the dollar’s meteoric rise is setting the stage for a rapid reversal, which would bruise those who have sought refuge in the U.S. currency in recent months. Soaring U.S. interest rates, a comparatively strong American economy and demand for a haven from wild …

Crowd of dollar bulls raises risk of violent pullback Read More »

WILMINGTON, Del. (Reuters) – Monday’s depositions of Elon Musk and Twitter Inc’s Chief Executive Officer Parag Agrawal have been postponed and it was unclear when the interviews under oath would take place, sources familiar with the litigation told Reuters. (Reporting by Tom Hals in Wilmington, Delaware)

By Syed Raza Hassan and Asif Shahzad KARACHI, Pakistan (Reuters) -Pakistan prime ministerial aide Ishaq Dar said on Monday he would take up the role of finance minister for the fourth time, adding that he wanted to get Pakistan out of its economic rut and stressing he wanted a strong and stable rupee. Ahead of …

Pakistan’s new finance minister wants to take country out of ‘economic rut’ Read More »