Indonesia’s 2022 energy subsidies may rise, 2023 bill may shrink, finance minister says

Indonesia’s 2022 energy subsidies may rise, 2023 bill may shrink, finance minister says

Indonesia’s Finance Minister Sri Mulyani Indrawati speaks at an opening for High Level Seminar, Strengthening Global Collaboration for Tackling Food and Insecurity, during the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, July 15, 2022. Sonny Tumbelaka Register now for FREE unlimited access to Reuters.com Register JAKARTA, Aug 16 (Reuters) … Read more

Thai economy to continue growing despite weaker-than-expected Q2 – c.bank

Growth will be driven by recovery in tourism C.bank says global slowdown should have limited impact Sees inflation higher in August Says gradual rate hikes to help recovery, vulnerable groups BANGKOK, Aug 16 (Reuters) – Despite a weaker-than-expected second quarter, Thailand’s economy is expected to continue growing in the second half of the year as … Read more

Malaysia’s bourse to launch voluntary carbon market by year-end

A general view of a business district in Kuala Lumpur, Malaysia September 15, 2020. REUTERS/Lim Huey Teng Register now for FREE unlimited access to Reuters.com Register KUALA LUMPUR, Aug 15 (Reuters) – Malaysia’s stock exchange on Monday said it will launch a voluntary carbon market (VCM) by the year’s end, with the aim of increasing … Read more

EXCLUSIVE Malaysia’s Tenaga plans $1 bln IPO for power business, sources say

A view of Tenaga Nasional Berhad headquarters in Kuala Lumpur, Malaysia, October 13, 2015. REUTERS/Olivia Harris Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug 12 (Reuters) – Malaysian electricity utility Tenaga Nasional Bhd (TENA.KL) plans to start the process next year for a potential $1 billion listing of its power generation business, … Read more

Malaysia’s economy jumps in Q2 but slower growth is expected

A view of a building site beneath the Petronas Towers in Kuala Lumpur, Malaysia, February 18, 2016. REUTERS/Olivia Harris Register now for FREE unlimited access to Reuters.com Register KUALA LUMPUR, Aug 12 (Reuters) – Malaysia’s economy grew at its fastest annual pace in a year in the second quarter, boosted by expansion in domestic demand … Read more

Thailand’s tourism-reliant economy likely gathered pace in Q2

Tourists visit Maya bay after Thailand reopened its world-famous beach after closing it for more than three years. Picture taken January 3, 2022. REUTERS/Athit Perawongmetha Register now for FREE unlimited access to Reuters.com Register Thailand’s GDP seen growing 3.1% y/y in Q2 vs 2.2% in Q1 Q2 GDP seen at 0.9% q/q vs +1.1% in … Read more

Indonesia asks Pertamina to limit subsidized fuel sales

An employee at a Total fuel station fills up a motorcycle in south Jakarta February 12, 2015. Picture taken February 12, 2015. REUTERS/Darren Whiteside/File Photo Register now for FREE unlimited access to Reuters.com Register JAKARTA, Aug 11 (Reuters) – Indonesia’s government has asked state energy firm Pertamina (PERTM.UL) to limit its sales of subsidized fuels … Read more

US stocks advance, Treasury yields rise following strong economic data, Fed resolve

NEW YORK, Aug 3 (Reuters) – Wall Street advanced and Treasury yields touched two-week highs on Wednesday as abating geopolitical concerns, robust economic data and generally upbeat corporate earnings fed investor risk appetite. All three major US stock indexes were higher, and benchmark 10-year Treasury yields gained ground. Economic data showed an unexpected acceleration of … Read more

Thai business group sticks by GDP outlook despite inflation risk

2022 GDP growth forecast maintained at 2.75%-3.5% Sees 2022 exports up 6%-8%; foreign tourists at 7-8 mln Expects c.bank to raise rates next week BANGKOK, Aug 3 (Reuters) – Thailand’s economy is still expected to grow 2.75% to 3.5% this year, helped by increased exports, more tourists, and government support, but faces rising inflationary pressures, … Read more

Singapore bank OCBC’s Q2 profit jumps 28%, upbeat on outlook

A woman walks by an OCBC signage in Singapore March 31, 2022. REUTERS/Caroline Chia Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug 3 (Reuters) – Singapore’s second-largest lender Oversea-Chinese Banking Corp Ltd (OCBC) (OCBC.SI) reported a stronger-than-expected 28% jump in quarterly profit and gave a robust outlook as rising interest rates pushed … Read more