By Leika Kihara TOKYO (Reuters) -New Bank of Japan board member Junko Koeda said the country’s real interest rates are currently “extremely low,” as inflation accelerates backed by solid growth in wages. While she declined to comment on how soon the central bank should raise interest rates, Koeda said underlying inflation was key to judging …
New BOJ board member Koeda says real interest rates very low Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank kept its key policy rate unchanged for a second consecutive meeting on Wednesday to underpin the island nation’s economic recovery from its worst financial crisis in decades. The overnight policy rate, introduced in November, was held at 8% – as expected by a majority of …
Sri Lanka’s central bank holds rate to support economic recovery Read More »
By Lisa Barrington SEOUL (Reuters) – Government-owned Lao Airlines is set to start operating COMAC’s C909 regional jet, a spokesperson for the country’s flag carrier said, joining several other Southeast Asian nations preparing to add Chinese-made commercial aircraft to their fleets. A group of Lao Airlines staff was at COMAC’s Customer Training Centre in Shanghai …
Lao Airlines to start operating a C909 jet as China’s COMAC expands internationally Read More »
, REUTERS -Singapore-headquartered Grab is seeking a loan of up to $2 billion to support its potential takeover of Indonesia’s GoTo, Bloomberg News reported on Wednesday citing people familiar with the matter. The report stated that the so-called bridge loan could have a tenor of about 12 months, and that Grab’s talks with banks were …
By Ankur Banerjee SINGAPORE (Reuters) – Indonesia’s currency neared a record low against the U.S. dollar on Wednesday as worries over slowing growth and rising government spending shook investor confidence in Southeast Asia’s biggest economy. The rupiah was flat at 16,580 per U.S. dollar at 0645 GMT, hovering near the all-time low of 16,800 touched …
Indonesian rupiah nears record low as fiscal worries rattle investors Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan must raise interest rates if persistent increases in food costs lead to broad-based inflation, Governor Kazuo Ueda said on Wednesday, signalling the bank’s resolve to continue weaning the economy off monetary support. Ueda said Japan’s recent “very high” inflation was driven mostly by temporary factors such …
BOJ’s Ueda vows to raise rates if inflationary pressures broaden Read More »
BEIJING (Reuters) -China released plans on Wednesday to expand its carbon trading market into the steel, cement and aluminium smelting industries, a move that will require an additional 1,500 firms to purchase credits to cover their emissions, the environment ministry said. The expansion will bring the total volume of climate-warming carbon dioxide covered by the …
China to expand carbon trading market to steel, cement and aluminium Read More »
By Kevin Yao BOAO, China (Reuters) – China wields significant policy room to stimulate its economy this year while some reform was needed to boost consumption, Huang Yiping, an advisor to China’s central bank and a professor at Peking University, said on Wednesday. China has unveiled fresh fiscal measures, including a rise in its annual …
China has ‘very big’ policy room to spur growth, central bank adviser says Read More »
By Khanh Vu HANOI (Reuters) -Vietnam will cut its tariffs on several U.S. products including LNG and cars, and moved to approve Starlink services, as the country tries to avoid being hit with U.S. tariffs because of its large bilateral trade surplus. The Southeast Asian industrial hub announced in past weeks a series of measures, …
Vietnam to cut duties on US imports, approve Starlink as Trump tariff decision looms Read More »
SINGAPORE (Reuters) – Singapore’s manufacturing output in February fell 1.3% from the same period a year earlier, bucking expectations of growth due mainly due to a steep decline in the biomedical sector, official data showed on Wednesday. Analysts had expected a 7% year-on-year expansion in February, according to a Reuters poll. On a month-on-month and …
