JAKARTA (Reuters) – Indonesia will accumulate excess cash in this year’s budget and use it to help reduce borrowing in…
Evergrande creditors ask chairman for $2 billion fund infusion -Bloomberg
(Reuters) – Debt-laden developer China Evergrande Group has told offshore creditors that it plans to present a restructuring proposal as…
Global risks to keep BOJ from adjusting yield cap next year – ex-central bank executive
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Growing risks of a global economic slowdown will likely prevent the…
Singapore’s gig workers to get work injury, pension coverage
By Chen Lin SINGAPORE (Reuters) – Singapore will extend work injury insurance and pension coverage to food delivery and ride-hailing…
South Korean central bank slows rate hikes, sharply downgrades 2023 growth
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank on Thursday slowed the pace of rate…
Philippines to cut tariffs on electric vehicles, parts
MANILA (Reuters) – A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Thursday approved removing tariffs on electric…
Bankers pour cold water on red hot coal
By Sarah McFarlane and Clara Denina LONDON (Reuters) – It’s the best of times, it’s the worst of times. At…
Indonesian household spending seen stable, investment to rise in Q4 – Finance Minister
JAKARTA (Reuters) – Indonesian household spending will likely remain stable in the fourth quarter, while investment will probably rise, Finance…
Billionaire investor Ackman bets Hong Kong dollar peg can break
By Tom Westbrook SINGAPORE (Reuters) – Billionaire investor Bill Ackman said he’s betting the Hong Kong dollar will fall and…
Marketmind: COVID vs RRR
By Stella Qiu SYDNEY (Reuters) – A look at the day ahead in European and global markets from Stella Qiu:…