By Sethuraman N R NEW DELHI (Reuters) -Sri Lanka has no immediate plans to import liquefied natural gas (LNG) from India, as the required infrastructure including storage facilities is yet to be built, the country’s energy minister said on Tuesday. India announced last year it would supply LNG to Sri Lanka’s power plants and work …
Sri Lanka says no immediate LNG imports from India as infrastructure lags Read More »
SEOUL (Reuters) -A board member of South Korea’s central bank said on Tuesday foreign exchange swap arrangements are a political matter rather than an economic one, as the country seeks to establish one such agreement with the U.S. as part of a trade deal. “My personal opinion is that the FX swap is a high-level …
Bank of Korea board member says FX swap is a political matter, not economic one Read More »
HANOI (Reuters) -Vietnam’s prime minister has called for an increase in house building in order to cool soaring real estate prices, saying that many people are no longer able to afford to buy property. “Many people are in need of housing, but they can’t afford it because of high prices,” state broadcaster VTV on Tuesday …
Vietnam PM calls for more housing to cool real estate prices Read More »
KUALA LUMPUR (Reuters) -Malaysia may save up to 4 billion ringgit ($953.74 million) annually from its move to adjust subsidies for the widely used RON95 transport fuel, state news agency Bernama reported, citing the country’s finance minister. The government had initially targeted savings of up to 8 billion ringgit from its plan to remove petrol …
KUALA LUMPUR (Reuters) -The Malaysian Court of Appeal has overturned a High Court injunction that allowed Shell MDS (Malaysia) to halt its monthly gas payments to national energy firm Petronas from August 2024, local media reported on Monday. The three judge panel ruled in an unanimous decision that there was no breach of agreement by …
Malaysian court orders Shell MDS to pay overdue gas payments to Petronas Read More »
(Reuters) -China’s securities watchdog has advised some local brokerages to pause their real-world asset (RWA) tokenisation business in Hong Kong, said two sources, signalling Beijing’s concerns of a euphoric drive towards a booming digital assets market offshore. The RWA tokenisation process usually converts traditional assets such as stocks, bonds, funds and even real estate, into …
By Kane Wu HONG KONG (Reuters) -New York-headquartered KKR & Co is holding its first board meeting in Asia this week in Tokyo, a spokesperson for the firm said on Tuesday, underscoring how important Japan has become for the global alternative asset manager. KKR’s two co-founders, George Roberts and Henry Kravis, as well as its …
KKR holds first Asia board meeting in Tokyo, as Japan leads firm’s regional growth Read More »
SEOUL (Reuters) -South Korean President Lee Jae Myung said negotiations with the U.S. on tariffs have stirred concerns in the foreign exchange market but he was confident the two sides will reach a solution, a statement from Lee’s office said on Tuesday. Lee made the comments during a meeting with some members of the U.S. …
South Korean president says US tariffs talks worrying FX market Read More »
By Andrew Silver SHANGHAI (Reuters) -Innovent Biologics’ newly launched weight-loss drug is making inroads in its home market of China, ramping up competition with its Western rivals as it pursues a marketing strategy that is gaining traction. Xinermei, launched in July, is the third once-weekly injectable GLP-1 weight management therapy available in China after Novo Nordisk’s …
Analysis-Innovent’s weight-loss drug highlights China challenge for Novo, Lilly Read More »
(Reuters) -MMC Port, Malaysia’s biggest port operator, said on Monday it has secured approval from the Securities Commission, clearing a hurdle for its planned listing on Bursa Malaysia in October in what would be the country’s biggest IPO in 13 years. MMC Port said it will offer up to 4.3 billion shares, representing around 30% …
MMC Port secures regulatory IPO nod, set to be Malaysia’s biggest in 13 years Read More »
