BANGKOK (Reuters) – Thailand’s cabinet on Tuesday agreed to extend a diesel tax cut and energy subsidies, as well as a minimum wage increase, to help mitigate the impact of high energy prices and living costs with inflation hitting a 14-year high, the government said. The tax cut on diesel by 5 baht ($0.1379) per …
Thailand approves more energy support, wage hikes Read More »
JAKARTA (Reuters) – Indonesia’s exports were seen slowing in August as prices of some of its top commodities declined, but its trade surplus was expected to hold up at around $4 billion, a Reuters poll showed on Tuesday. Twenty one analysts surveyed by Reuters predicted exports from Southeast Asia’s largest economy grew 19.19% on a …
Indonesia’s export growth seen slowing in Aug – Reuters poll Read More »
By Xinghui Kok and Anshuman Daga SINGAPORE (Reuters) -Singapore bank DBS Group set decarbonisation targets for its exposure to industries such as power, oil and gas, aviation and shipping, detailing the commitments as lenders globally face pressure to help fight climate change. Southeast Asia’s largest lender said on Tuesday that nine sectors that are receiving …
Singapore bank DBS sets sector-specific decarbonisation goals Read More »
By Xie Yu HONG KONG (Reuters) – The California State Teachers’ Retirement System (CalSTRS) is looking at appointing China-focused equity managers for the first time ever, as demand for asset diversification grows amid worries on inflation and recession. CalSTRS had roughly $3.7 billion worth of investments in Chinese equities at the end of June through …
CalSTRS considers hiring China-focused equity managers for first time Read More »
BANGKOK (Reuters) – Thailand’s industrial sentiment rose for a third straight month in August to the highest level in more than two years, boosted by improved economic activity and a rebound in tourism as COVID-19 curbs were eased, a business group said on Tuesday. The Federation of Thai Industries (FTI) said its industries sentiment index …
Thai August industrial sentiment back at pre-pandemic level Read More »
By Uditha Jayasinghe (Reuters) -Financial advisory group Lazard has started talks with India, China and Japan on restructuring Sri Lanka’s debt, a spokesman for the Sri Lanka government said on Tuesday, as the crisis-hit island nation seeks an International Monetary Fund (IMF) bailout. Lazard was hired by Sri Lanka in May, along with international lawyers …
Lazard in talks with China, India, Japan on Sri Lanka debt Read More »
By Kane Wu HONG KONG (Reuters) – Hong Kong-based Baring Private Equity Asia (BPEA) has closed its eighth pan-Asia fund at $11.2 billion, its largest, the firm said on Tuesday. The final close, which exceeded BPEA’s $8.5 billion initial target and is 70% more than its previous fund, also made it one of the largest …
Baring Private Equity raises $11.2 billion in one of Asia’s largest buyout funds Read More »
By Irene Wang and Tom Bateman TOKYO (Reuters) -Bucking the age-old stereotype of hard-drinking college students, Manaka Okamoto considers the next day’s schedule before cracking open an alcoholic beverage. “If I have to get up early, and I think ‘Oh, I should hold off on drinking,’ then I go for a non-alcohol drink to get …
Japan liquor businesses turn to non-alcoholic drinks to attract Gen Z Read More »
By Sinéad Carew New York (Reuters) – Wall Street equity indexes closed higher on Monday as some investors bet that August data would show easing U.S. inflation while others were encouraged by news that Ukraine had made progress against Russia in a war that has hurt the global economy. After falling to its lowest level …
By Caroline Valetkevitch NEW YORK (Reuters) – The dollar fell to its lowest level in more than two weeks against a basket of currencies on Monday following recent strong gains, as investors grew nervous ahead of U.S. inflation data and as central banks outside of the United States appeared increasingly hawkish. The euro climbed to …
Dollar eases back from recent gains as focus on U.S. inflation data; euro jumps Read More »
