Reuters Asia Business

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank said a plan to sell billions of dollars worth of bonds bought during the pandemic would be conducted carefully, after analysts warned the move could spark debt outflows and complicate an agreement with fiscal authorities. Bank Indonesia (BI) Governor Perry Warjiyo told an …

Indonesia central bank says to ensure QE-era bond sales do not disrupt market Read More »

SEOUL (Reuters) – South Korean inflation is seen reaching its peak by September or October unless there are price surges again for such items as oil and grains, the country’s finance minister said on Monday. “I think the pace of price growth will probably reach its peak in late September, or in October at the …

S.Korea fin min: inflation seen peaking by Sept-Oct Read More »

BEIJING (Reuters) – China’s central bank will guide domestic financial institutions to provide credit services to the cultural and tourism sectors which have been hit hard by the COVID-19 pandemic, it said in a notice on Monday. Policy tools such as re-discount and re-lending will be used to reduce the financing costs for the cultural …

China to step up support for cultural and tourism recovery – central bank Read More »

SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose at its fastest pace in more than 13 years, official data showed on Monday, increasing pressure on the central bank to consider tightening monetary policy again later this year if inflation pressures persist. The data showed inflation rising across a broad set of categories including services, …

Singapore June core inflation hits 13-year high, tightening risks in focus Read More »

By Satawasin Staporncharnchai BANGKOK (Reuters) – Domestic car sales in Thailand rose at a slower pace in June due to a low base but are on track to meet this year’s target on increased tourism and activity after an easing of pandemic curbs, the Federation of Thai Industries (FTI) said on Monday. Car exports, however, …

Thai car sales rise at slower pace in June; exports fall Read More »

HONG KONG (Reuters) -China’s securities regulator on Monday denied a media report that said Beijing planned to sort U.S.-listed Chinese companies based on the sensitivity of the data they hold in an attempt to stop U.S. regulators from delisting hundreds of firms. The three-tier system aims to bring Chinese companies into compliance with U.S. rules …

China regulator denies report on data strategy to avoid U.S. delistings Read More »

By Neil Jerome Morales MANILA (Reuters) – Philippine conglomerate Udenna Corp, owned by a close associate of the country’s former president, said on Monday its subsidiary had paid a debt to avert a default on other loans, helping shares in its related firms to stem huge earlier losses. Udenna, one of the country’s fastest growing …

Philippines’ Udenna pays debt to stem share slide across its network Read More »

By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan’s $33.5 billion external financing needs are fully met for financial year 2022/23, the central bank chief said on Saturday, adding that “unwarranted” market concerns about its financial position will dissipate in weeks. Fears have risen about Pakistan’s stuttering economy as its currency fell nearly 8% against the U.S. …

Pakistan’s financing needs fully met for this year, says central bank chief Read More »