TAIPEI (Reuters) -Taiwan’s exports rose for a 23rd straight month in May on the back of sustained demand for technology, despite China’s tough COVID-19 lockdowns, and the government said the outlook was good even as the Ukraine war and inflation cast shadows on demand. Exports rose 12.5% in May from a year earlier to $42.08 …
Taiwan May export growth steady despite supply chain snarls, outlook positive Read More »
SHANGHAI (Reuters) – Shanghai officials are seeking to revive confidence among multinational firms bruised and frustrated by the city’s COVID-19 lockdown by holding multiple meetings with foreign firms and easing a key border requirement for overseas workers. The image of China’s most cosmopolitan city and its biggest business hub was badly damaged by the two-month …
After lockdown, Shanghai tries to mend fences with foreign firms Read More »
SINGAPORE (Reuters) – Inflation is the biggest downside risk for Singapore’s economy this year but recovery in China and a broader global travel resumption will support the city-state’s growth, a central bank survey showed on Wednesday. Singapore’s economy is expected to expand 4.8% in the second quarter and should grow 3.8% for the full year, …
Inflation, robust China growth key factors for Singapore outlook – survey Read More »
TOKYO (Reuters) – The Philippines on Wednesday appealed directly to consumers in its top export market Japan to pay higher prices for imported bananas to help shoulder a surge in production costs. Prices for fuel and agricultural supplies are driving many farmers to the brink of bankruptcy, according to a report by the Philippines’ embassy …
Philippine banana growers plead for Japanese consumers to bear price hikes Read More »
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said dollar moves may not be affected much by U.S. interest rate hikes unless the pace is much faster than expected, according to a recording of an online interview by the Financial Times aired on Wednesday. The U.S. Federal Reserve has made “quite clear” how much …
Fed hikes won’t sway dollar unless pace much faster than forecast-BOJ’s Kuroda Read More »
JAKARTA (Reuters) – Administrators of Garuda Indonesia’s court-led restructuring have acknowledged 120.5 trillion rupiah ($8.32 billion) of claims from creditors, documents showed on Wednesday, two days before creditors are set to discuss a restructuring proposal. The claims list, however, was not final as the administrators were still yet to decide on several claims from lessors, …
Administrators acknowledge $8.3 billion of claims ahead of Garuda creditors’ meeting Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan will consider downgrading its assessment on factory output at this month’s policy meeting, sources said, as supply disruptions caused by China’s strict COVID-19 lockdowns take a heavy toll on the economy. The central bank may also warn of heightening risks to the global …
BOJ to consider issuing bleaker view on output after China lockdowns – sources Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s central bank left its key interest rate unchanged at a record low again on Wednesday, despite surging inflation, and raised slightly its 2022 growth forecast for the pandemic-hit economy. The Bank of Thailand (BOT) raised its forecast for inflation this year and said it would …
Thai central bank holds key rate at record low, raises 2022 GDP outlook Read More »
SHANGHAI (Reuters) – Beijing’s mandate to aid virus-hit sectors has left China’s banking sector lagging behind a broader market rally as the economy reopens, with investors fearful a cash splash by lenders will increase bad loans and squeeze already wafer-thin margins. China’s easing of monetary conditions – at odds with the policy direction in most …
Beijing’s drive for looser lending raises fears of bank margin squeeze Read More »
SINGAPORE (Reuters) – Singapore Airlines along with Temasek Holdings and the Civil Aviation Authority of Singapore will launch the sale of 1,000 sustainable aviation fuel (SAF) credits in July, they said in a joint statement on Wednesday. The credits are generated from 1,000 tonnes of neat SAF blended, delivered and uplifted from Singapore’s Changi Airport, …
Singapore groups to sell sustainable aviation fuel credits Read More »
