HONG KONG: People’s Bank of China (PBOC) Governor Pan Gongsheng said monetary policy would be kept accommodative, though inflation was “bottoming out” and was likely to pick-up in coming months. China’s economy gained momentum in recent months, paving the way for achieving the official growth target, Pan told the HKMA-BIS […]
Business
JAKARTA: Indonesia’s President Joko Widodo on Friday launched construction of a carbon capture, utilisation and storage (CCUS)project in West Papua province operated by BP Plc, the country’s first carbon storage project. The CCUS project has the potential to store up to 1.8 gigatonnes of carbon dioxide, energy minister Arifin Tasrif […]
BANGKOK : Thailand expects 3.4-3.5 million visitors from China this year, below its target, the Tourism Authority of Thailand (TAT) said on Friday, despite rolling out a visa-free programme to attract Chinese tourists. About 3.01 million Chinese tourists have visited the country so far this year, it said. China has […]
SYDNEY : Australia said on Wednesday it would spend A$26.2 million ($17 million) to establish “rapid assistance” teams to respond to cyber crises in the Pacific region, and another A$16.7 million to identify cyber vulnerabilities in the Pacific Islands. The cyber security boost comes after Australia and the United States […]
FORT DODGE, Iowa: Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday (Nov 18) that he would kill off a Pacific trade pact being advanced by US President Joe Biden if he were to win the 2024 election and return to the White House. Speaking to supporters […]
NEW YORK: The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues. Automakers in recent weeks have pushed back EV sales targets and delayed capital projects as they seek to reduce inventories of unsold EVs […]
WASHINGTON: Major US airlines and aviation companies joined ethanol companies to send a letter to the Biden administration on Wednesday (Nov 1) backing a regulatory change that would make it easier for sustainable aviation fuel (SAF) made from corn-based ethanol to qualify for federal subsidies. The Inflation Reduction Act, President […]
BENGALURU: Shares of Wipro dropped to a three-month low and weighed on other Indian IT companies on Thursday after the country’s fourth-largest IT services provider forecast the slide in IT services revenue would get worse this quarter. Shares of Wipro, which also posted an unexpected drop in revenue in the […]
JAKARTA : Indonesia will seek China’s help for renewable energy and infrastructure projects when President Joko Widodo attends the upcoming Belt and Road Forum in Beijing, a cabinet minister said. Any partnership with China would be parallel with the Just Energy Transition Partnership (JETP) – a $20 billion deal Indonesia […]
SINGAPORE : The dollar was on the front foot on Monday in cautious trade as tensions in the Middle East escalated, while investors awaited a speech by Federal Reserve Chair Jerome Powell later this week for further clues on the U.S. central bank’s rate outlook. The Israeli shekel fell to […]