Reuters Asia Business

KUALA LUMPUR (Reuters) – Malaysia’s state energy company Petronas on Tuesday reported a surge in second-quarter profit, boosted by higher oil and gas prices and said that it would double its dividend to the government this year. The world’s fourth-biggest LNG exporter said profit for the April-June period totalled 23 billion ringgit ($5.13 billion), compared …

Malaysia’s Petronas reports higher profit; doubles payout to government Read More »

BANGKOK (Reuters) – Thailand aims to generate 400 billion baht ($11 billion) in tourism revenue in the second half of the year, the government said on Tuesday, as the tropical holiday destination welcomes back more visitors after pandemic-induced border controls. The Southeast Asian nation has seen a rebound in tourism numbers in the first eight …

Thailand targets $11 billion tourism revenue in second quarter as COVID controls ease Read More »

By Kim Kyung-Hoon and Santhush Fernando COLOMBO (Reuters) – In her outstretched palms, 49-year-old Nilanthi Gunasekera holds her family’s last remaining handful of dried fish – a reminder of Sri Lanka’s worst economic crisis in decades. She is just one of the millions of Sri Lankans battling a calamitous decline in living standards, as they …

Last handful of fish: Crisis pushes more Sri Lankans into poverty Read More »

SHANGHAI (Reuters) – China’s central bank issued draft rules on Tuesday to regulate related transactions of financial holding companies. Such transactions must conform to rational commercial principles, be backed by genuine businesses and be priced fairly, the People’s Bank of China said in a statement. In addition, the transactions should be transparent, according to the …

China issues draft rules to regulate financial holding companies’ related transactions Read More »

ISLAMABAD (Reuters) -The International Monetary Fund (IMF) board approved the seventh and eighth reviews of Pakistan’s bailout programme, allowing for a release of over $1.1 billion to the cash-strapped economy, the fund and the government said on Monday. The IMF agreed to extend the programme by a year and increase the total funding by 720 …

IMF board releases over $1.1 billion in Pakistan bailout funds Read More »

By Mohammad Yunus Yawar and Charlotte Greenfield KABUL (Reuters) – The Taliban administration is in the final stages of talks in Moscow over the terms of a contract for Afghanistan to purchase gasoline and benzene from Russia, Afghan officials told Reuters. Habiburahman Habib, the spokesperson for Afghanistan’s Ministry of Economy confirmed that an official delegation …

Taliban officials nearing contract for purchase of gasoline from Russia Read More »