By Amy Lv, Sam Li, Colleen Howe and Lewis Jackson BEIJING (Reuters) -Prices of coking coal futures in China hit their ceiling for a second successive trading session on Tuesday, amid market chatter about potential government inspections in China’s major coal production hubs that might lead to supply disruptions. The most active coking coal contract …
JAKARTA (Reuters) -Indonesia’s mining ministry has drawn up a list of 18 projects worth $38.6 billion to develop the country’s natural resources and handed them over to sovereign wealth fund Danantara Indonesia on Tuesday for potential investment. Launched earlier this year, Danantara is Indonesian President Prabowo Subianto’s main vehicle to achieve his 8% economic growth …
Indonesia mining ministry proposes 18 development projects for Danantara funding Read More »
By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) -Vitai Ratanakorn, the incoming governor of the Bank of Thailand, by his own admission, will start his new job in October at a difficult time. Growth in Southeast Asia’s second-largest economy has stalled, tense negotiations with the United States over trade tariffs continue, industrial sentiment is tepid …
Thailand’s next central bank chief champions rate cuts to revive growth Read More »
BEIJING (Reuters) -A 2025 government subsidy scheme for electric vehicles and plug-in hybrid purchases ended last month in three districts in the city of Xian, the capital of China’s Shaanxi province, local official media Shaanxi Daily reported on Tuesday. The three districts are set to stop accepting applications for the subsidies later in July, according …
China’s EV buying subsidies for 2025 end in parts of Xian, local media says Read More »
BEIJING (Reuters) -China’s hardened rhetoric against price wars among producers is raising expectations Beijing may be about to kick off industrial capacity cuts in a long-awaited, but challenging, campaign against deflation that carries risks to economic growth. Communist Party leaders pledged this month to step up regulation of aggressive price-cutting, with state media running its …
Analysis-Industrial pruning won’t pull China out of deflation as quickly as last time Read More »
BANGKOK (Reuters) -Thailand’s cabinet on Tuesday approved Vitai Ratanakorn, a state-owned bank head and former private sector executive, to be the country’s next central bank governor. The cabinet’s approval of the 54-year-old for the position is subject to royal assent. If endorsed, Vitai’s five-year term running the Bank of Thailand would start on October 1. …
FACTBOX-Vitai Ratanakorn picked as Thailand’s next central bank governor Read More »
(Reuters) -China’s state-owned shipping company China Cosco Shipping is looking to join the global consortium that’s acquiring Hong Kong business tycoon Li Ka-shing’s overseas ports and is requesting veto rights or equivalent power in the entity which will take over 43 ports, Bloomberg News reported on Monday. Cosco’s argument is that such rights are important …
China’s Cosco seeks veto power in deal for Li Ka-shing’s ports, Bloomberg News reports Read More »
SINGAPORE (Reuters) -IQ-EQ, a global investor services company backed by European private equity firm Astorg, said on Tuesday it is acquiring Singapore-based Gordian Capital – a deal it said would make it the leading funds platform business in Asia Pacific. Gordian manages $17 billion in assets and also has offices in Tokyo, Hong Kong, Shanghai …
IQ-EQ acquires Gordian Capital to become fund platform leader in Asia-Pacific Read More »
KUALA LUMPUR (Reuters) -Malaysia will establish a data centre framework in October to streamline policies and development in the sector, the trade and digital ministries said on Tuesday. The Malaysian Investment Development Authority will be the main agency to approve all new data centre projects and investments, as well as the expansion of existing projects, the …
Malaysia to establish data centre framework to streamline policies Read More »
By Sudarshan Varadhan and Emily Chow SINGAPORE (Reuters) -The Philippines is on track for an annual decline in coal-fired electricity output for the first time in nearly two decades, an analysis of market and government data showed, driven by rising liquefied natural gas-fired power generation. The Philippines has the most coal-dependent grid in Southeast Asia …
Philippines set for first coal power decline in 17 years amid rising LNG use Read More »
