SINGAPORE (Reuters) – Global energy trading house Vitol said it has signed a long-term deal with a Philippine entity to supply liquefied natural gas (LNG) to the country for the next decade, starting in 2025. This is the first deal signed for long-term supply of LNG delivery into the Philippines, which only began importing the …
Vitol signs 10-year LNG deal for delivery to the Philippines Read More »
SEOUL (Reuters) – South Korea’s acting President Choi Sang-mok on Wednesday ordered a review into the impact of U.S. tariffs on Canada, Mexico and China that came into force this week. Choi also ordered support measures to be prepared for domestic firms operating businesses in those countries and to be ready for consultations with the …
South Korea acting president orders review into impact of US tariffs Read More »
By Danial Azhar Kuala Lumpur (Reuters) – Malaysia is investigating if local laws were breached in the shipment of servers linked to a Singapore fraud case, as they may have contained advanced chips subject to U.S. export controls. Singapore charged three men late last month with fraud in a case that domestic media linked to …
Malaysia probes server shipments connected to Singapore fraud case Read More »
TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, reported on Wednesday that its February revenue jumped 56.43% year on year. (Reporting by Faith Hung)
By Michele Pek SINGAPORE (Reuters) -Iron ore futures faltered on Wednesday, pressured by tit-for-tat tariffs between the United States and top metals consumer China, outweighing optimism about improved demand for Chinese steel. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 1.34% lower to 771 yuan ($106.18) a metric ton. The …
Iron ore declines as Sino-US tariffs fuel trade war tensions Read More »
By Leika Kihara SHIZUOKA (Reuters) – The Bank of Japan can raise interest rates at a pace in line with dominant views among financial markets and economists, its Deputy Governor Shinichi Uchida said, keeping alive expectations that there is a chance of a near-term increase in borrowing costs. While he declined to say how soon …
BOJ vows to keep raising rates despite Trump tariff risks Read More »
SEOUL (Reuters) – Samsung Electronics’ main union in South Korea voted in favour of a wage increase deal on Wednesday, the company said. Last month, the tech giant and the union struck the deal for a 5.1% pay rise for this year, which needed to be ratified by union members. The National Samsung Electronics Union …
Samsung Electronics’ union in South Korea approves 5.1% wage hike Read More »
By Casey Hall, Liam Mo and Che Pan SHANGHAI/BEIJING (Reuters) -Spurring reluctant Chinese consumers to spend has been elevated to the top of Beijing’s to-do list for 2025, leap-frogging technology and industrial production, as lawmakers look to rectify imbalances in the world’s second-largest economy. Chinese Premier Li Qiang’s report on Wednesday to the annual meeting …
China prioritises consumer spending ahead of technology as economic worries weigh Read More »
SHIZUOKA (Reuters) – Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday the central bank had no immediate plan to sell its large holdings of exchange-traded funds (ETF). Speaking at a news conference, Uchida also said the BOJ does not aim at manipulating currency rates with monetary policy. He declined to comment on U.S. …
BOJ has no immediate plan to sell ETF holdings, deputy governor says Read More »
JAKARTA (Reuters) – Indonesian state-owned construction firm Waskita Karya expects a bigger net loss of 3.97 trillion rupiah ($242.96 million) for 2025, its president director said on Wednesday, amid a substantial reduction in state-led infrastructure projects. The unaudited net loss for 2024 was 3 trillion rupiah. Waskita has been struggling to pay its debts after …
Indonesia’s Waskita sees bigger net loss at $243 million in 2025, CEO says Read More »
