BANGKOK (Reuters) – Thailand will support digital technology to help build a sustainable and broad-based economy, its finance minister said on Wednesday. However, new innovation should not impact the country’s financial stability, Finance minister Arkhom Termpittayapaisith told a business seminar. (Reporting by Orathai Sriring and Satawasin Staporncharnchai; Editing by Martin Petty)
TOKYO (Reuters) – Honda Motor Co raised its full-year operating forecast on Wednesday, aided by cost cutting and a weak yen despite a persistent global chip shortage. It upgraded its latest forecast for an operating profit of 800 billion yen ($6.93 billion) for the year to March 31. Honda, like other automakers, has been forced …
Honda posts 17% fall in Q3 operating profit but raises full-year view Read More »
SHANGHAI (Reuters) – The eastern Chinese coastal province of Zhejiang has approved the construction of a new 7 billion yuan ($1.10 billion) coal-fired power plant with 2 gigawatts (GW) of generating capacity, the state firm in charge of the project said on Wednesday. The Zhejiang Energy Group said the Phase 2 Project of the Liuheng …
China’s Zhejiang approves new $1.1 billion coal-fired power plant Read More »
TOKYO (Reuters) – Bank of Japan board member Toyoaki Nakamura said on Wednesday the country’s economy would benefit if the dollar moves stably within the current range of around 103-115 yen. “Compared with the past, exchange rate moves have been quite stable,” Nakamura told a news conference. “For companies, what’s most important is for currency …
BOJ’s Nakamura says stable $/yen moves good for economy Read More »
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – As Indonesia’s economy recovers from the pandemic, fiscal stimulus should no longer be a dominant factor driving growth, its finance minister said on Wednesday, signaling authorities will stick with their fiscal consolidation plans. Sri Mulyani Indrawati was responding to a question at an investment forum about …
Indonesia’s fiscal support should be tapered as economy recovers-Finance Minister Read More »
SINGAPORE (Reuters) – PetroChina has started a 33.9 billion yuan ($5.33 billion) programme to expand the petrochemical capacity at a subsidiary plant in northeast China and cut refined fuel production, according to a company post and state media report. The state oil and gas major’s move is in line with a trend within the Chinese …
PetroChina starts $5.3 billion unit revamp to boost petchem output, cut fuel Read More »
By Gaurav Dogra (Reuters) – Valuations of Asian equities dropped to a 21-month low at the end of January, as expectations of aggressive policy tightening by the Federal Reserve, and a surge in U.S. bond yields hit the regional stocks. The MSCI Asia-Pacific index’s forward 12-month P/E ratio stood at 13.49 at the end of …
TAIPEI (Reuters) – Taiwan’s government believes there is “enormous” room for cooperation with the European Union on semiconductors, responding to plans from the bloc to boost its chip industry and cut its dependence on U.S. and Asian supplies. The EU’s plan mentions Taiwan, home to the world’s largest contract chipmaker TSMC and other leading semiconductor …
Taiwan sees ‘enormous’ room for chip cooperation with EU Read More »
By Andrea Shalal WASHINGTON (Reuters) – China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks in the United States, Germany, Japan and France combined, a new study showed. The Center for Global Development think tank said a …
TOKYO (Reuters) – Japan will raise its gasoline subsidy for oil distributors to 5 yen a litre for the week starting on Thursday, the country’s industry ministry said on Wednesday in its website. A government source told Reuters earlier this week that Japan will hike the subsidy to 5 yen for the week, hitting a …
Japan to raise gasoline subsidy to Y5 a litre from Y3.7, hitting cap Read More »
