JAKARTA (Reuters) – Nickel miner Vale Indonesia reported 12,567 tonnes of nickel matte output for the April-June period, down 16.5% from the same period last year which was at 15,048 tonnes, the company said in a statement on Tuesday. The second quarter output brought Vale’s January-June nickel matte production to 26,394 tonnes, lower compared to …
Vale Indonesia Q2 nickel matte output falls 16.5% y/y -statement Read More »
By Yantoultra Ngui and Anshuman Daga SINGAPORE (Reuters) – QSR Brands, the Malaysian operator of KFC and Pizza Hut restaurants in Southeast Asia, has again delayed its domestic IPO of up to $500 million on worries that poor macroeconomic conditions could hurt its valuation, four sources told Reuters. QSR (M) Holdings Bhd, which holds the …
Southeast Asian fast food operator QSR again delays up to $500 million IPO -sources Read More »
MANILA (Reuters) – The Philippines is looking to strike import deals with some of the world’s biggest fertiliser suppliers, including China and Russia, to help lower costs and increase food production amid high inflation, the government said on Tuesday. President Ferdinand Marcos Jr. plans to reach out to China, Russia, Indonesia, United Arab Emirates and …
Philippines mulls fertiliser deals with China, Russia, others Read More »
SHANGHAI (Reuters) – China is likely to keep its benchmark lending rate steady at the monthly fixing on Wednesday, a Reuters survey showed, but a growing number of market participants expect the mortgage reference rate to be cut due to a slump in the property sector. The loan prime rate (LPR), which banks normally charge …
China seen keeping 1-yr LPR unchanged, expectations mount for mortgage rate cut Read More »
By Jihoon Lee SEOUL (Reuters) – South Korea’s plan to remove tax on foreign investment in its bond market reveals both an desire to stem capital outflows and a longer-term aspiration to be included in world bond indexes. Finance Minister Choo Kyung-ho on Sunday outlined the proposal to exempt foreigners from paying taxes on income …
South Korea revives global index ambitions with proposed bond tax cuts Read More »
SINGAPORE (Reuters) – China’s Sinopec Corp said on Tuesday it has tapped a daily flow of 30 tonnes of oil and 1,500 cubic meters of gas at a mature oilfield in east China’s Jiangsu province. The company said the flows, from exploration well Hua-2-ce in the Jiangsu oilfield, marked a breakthrough in unlocking 1.1 billion …
Sinopec taps shale oil at mature east China oilfield Read More »
KUALA LUMPUR (Reuters) – Malaysia has maintained its August export tax for crude palm oil at 8% and lowered its reference price, a Malaysian Palm Oil Board circular showed on Tuesday. The world’s second-largest palm oil exporter calculated a reference price of 5,257.91 ringgit ($1,182.62) per tonne for August. The July reference price was 6,732.26 …
Malaysia keeps August crude palm oil export duty at 8%, cuts reference price Read More »
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 4.7% in the April-June quarter, thanks to an easing in the COVID situation, a relaxation of social distancing and support from a consumption voucher scheme, the government said on Tuesday. In the March-May period, the unemployment rate stood at 5.1%. “As domestic economic …
Hong Kong’s April-June unemployment eases to 4.7%, outlook seen improving Read More »
SINGAPORE (Reuters) – Fullerton Healthcare Corp said it has agreed a settlement with two of its co-founders, in a move that will enable the Singapore-based regional private healthcare group to complete its merger proposed by buyout firm RRJ Capital, its main creditor. Two of Fullerton’s shareholders and directors Michael Tan and Daniel Chan have withdrawn …
Singapore’s Fullerton Healthcare reaches settlement with co-founders Read More »
KUALA LUMPUR (Reuters) – Malaysia is losing around 57,880 tonnes of palm oil fruit each day due to an acute shortage of labour, the commodities ministry said on Tuesday, costing the world’s second-biggest producer more than $2 billion in the first five months of the year. The Southeast Asian nation has grappled with worsening labour …
Malaysia labour crunch cost palm oil sector $2 billion between Jan-May Read More »
