BANGKOK (Reuters) – Thailand’s government plans to set up a long-term equity fund to support the Thai stock market, the finance minister said on Tuesday, as the bourse has been the worst performing market in Asia so far this year. The fund could be set up in an existing environmental social governance fund, or ESG, …
Thailand to set up long-term equity fund to support flagging market Read More »
HONG KONG (Reuters) – Cash-strapped China Vanke said its major shareholder, state-owned Shenzhen Metro, is giving it a 2.8 billion yuan ($383.12 million) loan, in a sign the government is stepping up efforts to stabilise the property developer. Vanke, in return, will pledge 211.5 million shares, or 18.3%, of its listed property services unit, Onewo …
China Vanke gets $383 million loan from state shareholder Read More »
JAKARTA (Reuters) – Indonesia is aiming to increase the share of renewable energy under its electricity supply plan over the next ten years, fueled by more solar, hydro and geothermal capacity, a deputy minister said on Tuesday. The new plan, known locally as RUPTL, would replace Indonesia’s 2021-2030 RUPTL in which a total of 40.6 …
Indonesia plans to boost renewable usage in new electricity supply plan Read More »
JAKARTA (Reuters) – Indonesia’s tax office is allowing taxpayers to use its old online system while it tries to fix a new system launched this year that has crashed and glitched, with users complaining of disruption to business operations. The upgrade, called “core tax”, was launched on Jan. 1, intended to improve taxpayer profiles and …
Indonesia turns to old tax system after troubles with new software Read More »
By Michele Pek (Reuters) – At least six Asian economies have expressed interest in buying liquefied natural gas (LNG) to narrow their trade deficit with the United States and fend off tariffs, while others look to expand and diversify supplies. Companies in the U.S., the world’s largest exporter of LNG, are pushing ahead with projects …
Factbox-Asian buyers look to step up US LNG imports to fend off Trump tariffs Read More »
SINGAPORE (Reuters) -Singapore’s Paragon REIT said on Tuesday it received a buyout offer from its major shareholder, Cuscaden Peak, and parties valuing the real estate firm at S$2.78 billion ($2.05 billion). The offeror, which holds an indirect stake of 61.5% in Paragon REIT, proposed to buy the remaining shares of the REIT at S$0.98 per …
Singapore’s Paragon REIT gets buyout offer valuing it at $2 billion Read More »
By Hyunsu Yim SEOUL (Reuters) – South Korea’s spy agency has accused Chinese AI app DeepSeek of “excessively” collecting personal data and using all input data to train itself, and questioned the app’s responses to questions relating to issues of national pride. The National Intelligence Service (NIS) said it sent an official notice to government …
South Korea spy agency says DeepSeek ‘excessively’ collects personal data Read More »
By Hyunjoo Jin and Tony Munroe (Reuters) -Donald Trump’s plan to impose new 25% tariffs on steel and aluminium boosted share prices of U.S. producers in pre-market trading, while shares of producers abroad fell, with traders citing worries of disrupted flows and a reduction in demand. The tariffs, which Trump said would be announced on …
Shares of U.S. steel, aluminium companies surge pre-market Read More »
By Anton Bridge TOKYO (Reuters) – Japan’s SoftBank Group is set to make a quarterly net profit of 234 billion yen ($1.54 billion) on Wednesday as shares in its telecommunications holdings edge up and the post-listing performance of Swiggy is seen boosting the value of its portfolio of unlisted technology startups. Analysts are divided, however, …
Japan’s Softbank Group seen booking $1.5 billion quarterly profit Read More »
BEIJING/SHANGHAI (Reuters) -China’s BYD on Monday started offering advanced autonomous driving features on most of its models including ones priced as low as $9,555, far undercutting competitors such as Tesla in a move analysts say is set to start a new price war. The electric vehicle giant has equipped all of its BYD-branded models priced …
China’s BYD cuts entry price for smart EVs to below $10,000 Read More »
