Reuters Asia Business

By Ariba Shahid ISLAMABAD (Reuters) -Pakistan is aiming to sharply increase economic growth under its annual federal budget unveiled on Tuesday, but analysts are sceptical about the country’s ability to meet its ambitious goals. The budget targets higher revenues and a steep fiscal deficit cut under International Monetary Fund (IMF) backed reforms. Yet, defence spending …

Pakistan’s plan to sharply increase growth faces headwinds, analysts say Read More »

(Reuters) -China’s state-owned planemaker COMAC has proposed taking a stake in Laos’ government-owned Lao Airlines, which recently started operating one of COMAC’s C909 regional jets, the state-run Vientiane Times reported on Wednesday. According to the outlet, Lao Prime Minister Sonexay Siphandone told the National Assembly on Monday the Lao government is considering the proposal from …

China’s COMAC seeking majority stake in Lao Airlines, Laos state-run media says Read More »

HANOI (Reuters) -Vietnam is moving forward with plans to establish an international financial centre to enhance its role in the global financial market and attract international capital flows, Finance Minister Nguyen Van Thang told parliament on Tuesday. The initiative could position Vietnam as a regional hub for financial activity, boosting its economic influence, according to …

Vietnam advances plans for international financial centre as trade risks grow Read More »

TOKYO (Reuters) -Japan’s government reiterated its warning on the risks from U.S. tariffs on economic growth, saying in a monthly report on Wednesday that the potential impact on corporate profits needed attention. The economy faces pressure from U.S. import levies of 24% from July unless officials can negotiate them down. Japan’s government is also seeking …

Japan remains cautious on tariff impact in June econ report Read More »

LONDON (Reuters) -JPMorgan lifted its end-of-year forecast for China’s onshore yuan spot price on Wednesday, citing moderating risks around the U.S. trade war and a broader global theme of so-called de-dollarisation. The U.S. investment bank said it was revising its dollar/yuan target to 7.15 yuan per dollar from 7.30, adding that it also expected a …

JPMorgan lifts yuan forecast on easing tariff risks, de-dollarisation trend Read More »

HANOI (Reuters) -Vietnam has formally launched the pilot phase of an emissions trading scheme aimed at encouraging three major industrial sectors to cut the amount of carbon dioxide they produce, the government said on Tuesday.    Under the scheme, Vietnam’s steel, cement and thermal power producers will be forced to buy allowances to cover their carbon …

Vietnam launches first phase of emissions trading scheme Read More »