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GENERAL

What happens next after China Evergrande ordered to liquidate

Reuters, Published on 29/01/2024

» HONG KONG - A Hong Kong court on Monday ordered China Evergrande, the world's most indebted developer, to be liquidated. The move could send shockwaves through already fragile Chinese capital and property markets. Such a process could be complicated, with potential political considerations, given the many authorities involved.

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PROPERTY

China property market shows little signs of revival despite stimulus

Reuters, Published on 20/10/2023

» HONG KONG/BEIJING - China's troubled property market is showing little signs of a recovery in the short term despite a series of government stimulus measures to help revive activity in the sector which makes up a quarter of the nation's economic output.

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MOTORING

Srettha holds talks with Tesla chief Musk

Reuters, Published on 22/09/2023

» Prime Minister and Finance Minister Srettha Thavisin said on Thursday he held talks with Tesla chief Elon Musk during a visit to New York and they discussed the electric vehicle (EV) industry.

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GENERAL

India allows exports of non-basmati white rice trapped at ports

Reuters, Published on 30/08/2023

» NEW DELHI - India has allowed traders to ship out their non-basmati white rice cargoes sitting at ports due to a sudden ban on exports of the category, a government order said late on Tuesday.

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GENERAL

Philippines looks to import 500,000 tonnes of rice

Reuters, Published on 16/08/2023

» MANILA: The Philippines' Department of Agriculture is recommending additional rice importation of about 500,000 metric tonnes to cover potential crop losses from the El Nino dry weather condition, a senior official said on Wednesday.

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GENERAL

Rice prices set to climb further

Reuters, Published on 21/07/2023

» SINGAPORE: Asian rice trade paused on Friday to digest the previous day's ban by India, by far the world's biggest supplier, of a major share of its exports of the staple, with prices expected to climb substantially in coming days, three traders said.

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BUSINESS

PTT in advanced talks with Qatar for LNG deal

Reuters, Published on 07/07/2023

» SINGAPORE/LONDON: Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas (LNG) supply deal, according to four trading sources.

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BUSINESS

Rice to get costlier as supply threatened

Reuters, Published on 06/07/2023

» MUMBAI: Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans.

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BUSINESS

Samsung profit 'lowest in over 14 years'

Reuters, Published on 06/07/2023

» SEOUL: Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut.

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BUSINESS

Uniqlo latest big brand to quit Russia

Reuters, Published on 24/05/2023

» TOKYO: The Japanese clothing brand Uniqlo has decided to leave Russia after suspending its operation there last year, paving the way for a sale of the business, the Izvestia newspaper quoted Russia’s deputy trade minister as saying.