PBOC governor says monetary stance to stay accommodative, inflation expected to pick up

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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...

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Indonesia launches first carbon storage project in West Papua

November 23, 2023

[caption id="attachment_19242" align="alignnone" width="2560"] FILE PHOTO: Indonesia's President Joko Widodo speaks during the Indo-Pacific Economic Framework (IPEF) Leaders event at the Asia-Pacific Economic Cooperation (APEC)...

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Thailand expects up to 3.5 million Chinese tourists this year, below target

November 23, 2023November 23, 2023

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...

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Australia to form rapid cyber assist teams for Pacific Islands

November 22, 2023

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...

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Trump vows to kill Asia trade deal being pursued by Biden if elected

November 18, 2023

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...

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US transition to electric vehicles faces delays

November 18, 2023November 18, 2023

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...

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US airlines back ethanol industry position on aviation fuel credit

November 1, 2023November 1, 2023

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...

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India’s Wipro slides, weighs on IT peers, on weak revenue forecast

October 18, 2023October 18, 2023

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...

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Indonesia to seek China’s help to develop renewables at Belt and Road Forum

October 15, 2023October 15, 2023

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...

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Dollar buoyed by safe-haven bids, rate jitters

October 15, 2023October 15, 2023

SINGAPORE : The dollar was on the front foot on Monday in cautious trade as tensions in the Middle East escalated, while investors awaited a...