Reuters Asia

BEIJING (Reuters) – China’s state planner will step up credit support for projects with private investment, the state-run People’s Daily reported on Friday, reinforcing efforts to encourage more private capital investment in major projects. Despite better-than-expected economic growth in the first quarter, the recovery of the world’s second-largest economy has seen public investment outpacing sluggish …

China to enhance credit support to private investment projects Read More »

BANGKOK (Reuters) – Thailand received 8.6 million foreign arrivals in the January-April period, with spending of 353 billion baht ($10.47 billion), a government official said on Friday. The government expected more than 520,000 foreign tourists in the week of May 1-7, government spokesperson Anucha Burapachaisri said in a statement. ($1 = 33.72 baht) (Reporting by …

Thailand records 8.6 million foreign tourist arrivals in Jan-April Read More »

By Kate Lamb and Ananda Teresia JAKARTA (Reuters) – Indonesia has for months been quietly engaging Myanmar’s pro-democracy shadow government, its ruling junta and ethnic minority armies, its foreign minister told Reuters, in an effort to kick-start a peace process as violence intensifies. As chair of the Association of Southeast Asian Nations (ASEAN) this year, …

Exclusive-Indonesia quietly engaging key stakeholders in Myanmar crisis – foreign minister Read More »

BEIJING (Reuters) – Chinese Foreign Minister Qin Gang assured his Russian and Indian counterparts of deepening bilateral ties, promising that “coordination and cooperation” will only grow stronger, in a show of solidarity with two of China’s biggest neighbours. Qin met in India on Thursday with other foreign ministers of the Shanghai Cooperation Organisation, a bloc …

China assures Russia, India of deepening ‘cooperation’ Read More »

JAKARTA (Reuters) – Indonesia recorded faster than expected economic growth in the January to March quarter, official data showed on Friday, as Southeast Asia’s largest economy continues its recovery from the pandemic. Gross domestic product (GDP) expanded 5.03% in the first three months from a year earlier, quicker than the median forecast of 4.95% in …

Indonesia Q1 GDP growth beats expectation at 5.03% y/y Read More »

BEIJING (Reuters) – China’s service activity grew for a fourth straight month in April, a private-sector survey showed on Friday, as businesses continued to benefit from a return toward pre-pandemic levels of demand and output, although expansion slowed slightly. The Caixin/S&P Global services purchasing managers’ index (PMI) fell to 56.4 in April from 57.8 the …

China’s services activity expands as consumers return – Caixin PMI Read More »

By Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s palm oil inventories at the end of April are forecast to drop to their lowest level in 11 months as domestic use rises amid flat production, a Reuters survey showed on Friday. Stockpiles likely declined 9.8% from March to 1.51 million tonnes, down for a third …

Malaysia’s end-April palm oil stocks seen slipping to 11-month low – Reuters poll Read More »

BEIJING (Reuters) – Tesla Inc has raised prices for its new Model S and Model X vehicles in China by 19,000 yuan ($2,751), its website showed on Friday. ($1 = 6.9060 Chinese yuan renminbi) (Reporting by Shanghai newsroom and Liz Lee; Editing by Christian Schmollinger)

By Steve Scherer and Doina Chiacu OTTAWA/WASHINGTON (Reuters) – Chinese Ambassador Cong Peiwu on Thursday denied a Beijing official targeted a Canadian lawmaker and his family for his anti-China stance and denounced Ottawa’s statement that it was considering expelling a Chinese diplomat. Canada’s Foreign Minister Melanie Joly earlier said she was “assessing different options including …

China protests Canada’s possible expulsion of diplomat Read More »