Showing 1 - 10 of 63
Cash gifts, free milk raise risks to Thailand, Indonesia ratings
Bloomberg News, Published on 27/02/2024
» JAKARTA/BANGKOK - Southeast Asia’s new leaders risk blowing past budget constraints to make good on costly campaign promises of cash handouts and free lunches, increasing the risks to their prized investment-grade ratings.
Rice soars to two-year high in Asia
Bloomberg News, Published on 11/07/2023
» Rice prices in Asia have surged to the highest level in more than two years as importers build up stockpiles on fears that the onset of El Niño will parch plantations and damage crops.
A 99% stock crash and shock default raise alarm
Bloomberg News, Published on 23/06/2023
» Only a year ago Stark Corporation looked like a Thai corporate success story. Backed by a wealthy local businessman, the nearly US$2 billion maker of electrical cables was an aggressive acquirer making its first major push beyond Asia.
Troubles mount for Stark hit by accounting scandal
Bloomberg News, Published on 21/06/2023
» Bondholders of Stark Corporation Public Company Limited called for immediate payment of about US$200 million after a special audit revealed accounting irregularities, the latest trouble for the Thai electrical components maker that has defaulted on debt and seen its shares plummet to near-zero.
Saudi Arabia cuts oil prices for Asia, Europe
Bloomberg News, Published on 06/09/2022
» Saudi Arabia cut oil prices for customers in Asia and Europe as Covid-19 lockdowns and sagging economies cool energy demand in the two regions.
Saudi Arabia raises oil prices for Asia to record levels
Bloomberg News, Published on 04/08/2022
» Saudi Arabia raised oil prices for buyers in Asia to record levels, a sign the world’s largest exporter sees the region’s market remaining tight.
Singapore aims to be Asia’s busiest international airport
Bloomberg News, Published on 18/04/2022
» Changi Airport was crowned the world’s best aerodrome for 15 years straight prior to Covid based on its superior traveller offerings and high-tech customer service. Now it’s readying to welcome back visitors en masse, hoping improvements made during the pandemic will cement its status as Asia’s premier aviation hub.
Less rice for same price: inflation bites Asia
Bloomberg News, Published on 13/04/2022
» Profits at Ma Hong's spicy hotpot restaurant have been squeezed by about a fifth since he opened in downtown Beijing last year, crushed by beef tripe prices that have shot up by more than 50% and the surging costs of other key ingredients.
Russia to halt bond sales, threatens legal action over default
Bloomberg News, Published on 11/04/2022
» Russia will halt bond sales for the rest of the year and take legal action if sanctions force it into a default on its debt, according to the country’s finance minister.
China quietly taking cheap Russian crude; India buys more
Bloomberg News, Published on 24/03/2022
» China’s oil refiners are discreetly purchasing cheap Russian crude as the nation’s supply continues to seep into the market.