BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.4% to 2.9% in 2025 and exports to rise 1.5% to 2.5%, a leading joint business group said on Wednesday. For 2024, the group maintained its economic growth forecast at 2.8%. It kept its 2024 export growth forecast at 4%. The group predicts 39 million foreign …
Thai business group expects GDP growth up to 2.9% in 2025 Read More »
By Francesco Guarascio HANOI (Reuters) – The U.S. trade deficit with Vietnam exceeded $110 billion in the first 11 months of 2024, latest U.S. figures show, as exports from the Southeast Asian industrial hub grew amid a record fall of its currency against the dollar. The latest reading, released on Tuesday by the U.S. statistics …
US trade deficit with Vietnam soars beyond $110 billion, as weak dong boosts exports Read More »
By Kevin Yao and Ellen Zhang BEIJING (Reuters) – China added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer subsidies for additional digital goods this year, in an effort to revive demand in the sluggish household sector. Microwave ovens, water purifiers, dish-washing machines …
China expands consumer trade-in scheme to revive economic growth Read More »
By Scott Murdoch SYDNEY (Reuters) – Asian dollar bond issuance is expected to rise around 20% in 2025 over last year, driven by Chinese debt deals and as U.S. interest rate cuts make it more affordable for companies to issue dollar bonds rather than local currency debt. In the first few days of 2025, at …
Asia dollar bond volumes seen rising 20% as China deals gather pace Read More »
BEIJING (Reuters) – Chinese carmaker BYD said on Wednesday that a third roll-on/roll-off ship carrying close to 5,000 new energy vehicles bound for Europe has set sail. (Reporting by Beijing Newsroom; Editing by Christopher Cushing)
SINGAPORE (Reuters) -China’s Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units (CDUs) late on Tuesday had been put out, with no casualties or injuries reported. The incident took place during the commissioning of new units in a major expansion at the plant. The No.5 crude unit caught …
Sinopec’s Zhenhai refinery says fire at crude unit has been put out Read More »
BEIJING (Reuters) – Chinese state-owned oil company China National Offshore Oil Corporation said on Wednesday it was aware of its inclusion on a U.S. Defense Department list of companies linked to the Chinese military and would continue to follow up the move. (Reporting by Colleen Howe in Beijing; Editing by Christian Schmollinger)
SYDNEY (Reuters) – Chinese toy maker Bloks Group has raised $215 million in a Hong Kong initial public offering (IPO) by pricing its shares at the top of the indicated range, according to a term sheet reviewed by Reuters on Wednesday. The company sold the shares at HK$60.35 ($7.76) each, the term sheet showed. ($1 …
Chinese toy maker Bloks raises $215 million in Hong Kong IPO, term sheet shows Read More »
KUALA LUMPUR (Reuters) – Malaysia will offer a slew of tax incentives for companies and workers in its special economic zone with Singapore in the southern state of Johor, its finance ministry said on Wednesday. The incentives, effective Jan. 1, include a tax rate of 5% for up to 15 years for companies undertaking new …
Malaysia offers tax incentives for companies, workers in Johor economic zone Read More »
By Chen Aizhu, Siyi Liu and Trixie Yap SINGAPORE/BEIJING (Reuters) -Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.S. embargo, three traders said. The province imported about 1.74 million barrels per …
China’s Shandong Port, entry point for most sanctioned oil, bans US-designated vessels Read More »
