By Uditha Jayasinghe COLOMBO (Reuters) -India’s Adani Green Energy has told Sri Lanka it will withdraw from two proposed wind power projects, the company said on Thursday, two weeks after Colombo said it was seeking to lower the cost of the power generated. Sri Lanka began reviewing Adani Group projects after U.S. authorities in November …
India’s Adani to pull out of Sri Lanka wind power projects Read More »
SEOUL (Reuters) – South Korea’s Acting President Choi Sang-mok said on Thursday the country should be able to negotiate with the administration of President Donald Trump on tariffs as its investment in the United States is sizeable. “We have things to give to the United States, because many companies, such as those in the shipbuilding …
South Korea can negotiate with US on tariffs, acting president says Read More »
BANGKOK (Reuters) – Mazda Motor Corp plans to invest 5 billion baht ($150 million) in Thailand to produce electric compact sport utility vehicles, Thailand’s Board of Investment said on Thursday. The “investment is to support domestic sales and exports to Japan and other countries, such as ASEAN (Southeast Asian) countries, targeting a production of 100,000 …
Japan’s Mazda plans $150 million investment in Thailand EV production Read More »
By Kane Wu HONG KONG (Reuters) – Asian Investment firm PAG on Thursday announced its 10th Asia-focused opportunistic real estate fund closed at $4 billion, as the firm expands its regional foray on property and debt investments in developed Asia. The fund exceeded the firm’s target of $3.5 billion, PAG said in a statement, making …
PAG raises $4 billion in Asia-focused real estate fund Read More »
By Chen Aizhu SINGAPORE (Reuters) – A handful of newer Chinese terminals recently began receiving oil tankers sanctioned by the U.S., according to five sources and shipping data, providing logistics relief after a major port operator unexpectedly banned such deliveries last month. The deliveries follow state-owned Shandong Port Group’s surprise announcement in early January that …
Alternative Chinese terminals emerge to take in sanctioned tankers, sources say Read More »
(Corrects headline, paragraphs 1 and 2 to reflect minister saying plan “builds on” 52 billion ringgit GDP contribution, not “targets”) KUALA LUMPUR (Reuters) -Malaysia will launch a plan for its natural gas industry that builds on the sector’s current 52 billion ringgit ($11.7 billion) contribution to gross domestic product, the economy minister said on Thursday. …
Malaysia to launch natural gas plan, building on $11.7 billion contribution to GDP Read More »
HANOI (Reuters) – Vietnam plans to take loans from the Chinese government to partly fund a $8.3 billion project to build a new railway linking the two countries, the transport minister said on Thursday. Vietnam has been seeking to upgrade its aging railway systems, and has approached China for funding and technology. “Vietnam’s current railway …
Vietnam to use Chinese loans for $8.3 billion railway linking both countries Read More »
By Anna Peverieri (Reuters) – French electrical and digital infrastructure group Legrand does not see U.S. tariffs as a strategic issue and expects the financial impact of the 10% U.S. tariff on Chinese imports to be around $30 million, CEO Benoît Coquart told Reuters. The company has factored the tariffs into its 2025 guidance and …
France’s Legrand see $30 million impact from US tariffs on Chinese goods Read More »
(Reuters) – Greentown China will buy back $741 million of outstanding bonds and is also planning to issue U.S. dollar-denominated notes, both as part of a debt refinancing plan, the real estate company said on Thursday. The Hangzhou-based developer will buy back $446.5 million of its 4.7% senior notes and $294.5 million of its 5.65% …
Property firm Greentown China to buy back $741 million bonds, plans dollar-debt offering Read More »
BANGKOK (Reuters) – Thai consumer confidence in January rose for a fourth consecutive month to the highest level in eight months, bolstered by government stimulus measures, tourism and exports, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce increased to 59.0 in January from 57.9 in December, the …
Thai consumer confidence hits 8-month high in January on stimulus measures Read More »
