DUBAI (Reuters) – UAE’s DP World signed $3 billion worth of memoranda of understanding with India’s Gujarat state government, the Dubai media office said in a statement. The MOUs covers the development of new ports, terminals, and economic zones in the Indian state, the statement added. (Reporting by Ahmed Elimam, Editing by Louise Heavens)
By Orathai Sriring and Chayut Setboonsarng BANGKOK (Reuters) -Thai Prime Minister Srettha Thavisin said he had raised concerns over high interest rates and economic conditions in a meeting with the central bank governor on Wednesday, saying “people are suffering”. Srettha has been outspoken over his differences with the Bank of Thailand (BOT) over the policy …
Thai PM tells central bank chief ‘people are suffering’ from high rates Read More »
BANGKOK (Reuters) – Thailand is canvassing public opinion on a draft bill outlawing recreational use of cannabis after more than a year in which marijuana-related businesses flourished following legalisation and insufficient regulation. The first Southeast Asian nation to decriminalise cannabis in 2021, Thailand spawned an industry worth up to a projected $1.2 billion in the …
Thailand seeks public opinion on draft to end recreational cannabis use Read More »
BEIJING (Reuters) – China’s anti-graft watchdog doubled down on a pledge to relentlessly carry out President Xi Jinping’s orders to catch corrupt and disloyal officials, state media said on Wednesday. The Central Commission for Discipline Inspection (CCDI), the Chinese Communist Party’s anti-graft and political disciplinary watchdog, made the proclamation amid an investigation into alleged graft …
China watchdog doubles down on vow to heed Xi’s anti-graft drive Read More »
TAIPEI (Reuters) -Taiwan chipmaker TSMC reported a largely flat fourth-quarter revenue on Wednesday, but that still beat both the company’s and market’s expectations. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a boom in artificial intelligence applications that has helped it weather the tapering off of pandemic-led demand. Revenue …
TSMC posts flat Q4 revenue but beats expectations Read More »
LONDON (Reuters) – Britain said on Wednesday it would send warships to the Indian Ocean later this year and an aircraft carrier to the region in 2025 for joint training and operations with Indian forces as the two countries strengthen their security ties. British Defence Secretary Grant Shapps said the Royal Navy’s Littoral Response Group …
UK to deploy warships, aircraft carrier for Indian Ocean joint training Read More »
By Gopal Sharma KATHMANDU (Reuters) – A Nepali man who thousands believed was a reincarnation of the Buddha and who drew international attention as a teenager has been arrested over allegations of rape and sexual abuse, police said on Wednesday. The Central Investigation Bureau (CIB) of Nepal police said they arrested Ram Bahadur Bomjon, 33, …
Nepal police arrest ‘Buddha boy’ over allegations of rape, sexual abuse Read More »
By Xinghui Kok SINGAPORE (Reuters) – Singapore is proposing to hold “dangerous offenders” indefinitely, even after they complete their jail sentences, according to a bill submitted to parliament on Wednesday. The proposed legislation would apply to those above 21 who are convicted of crimes that include culpable homicide, rape and sex with minors. In a …
Singapore seeks to hold ‘dangerous offenders’ beyond prison terms Read More »
JAKARTA (Reuters) – Indonesia has raised the minimum equity for insurance firms to hold to at least 250 billion rupiah ($16.06 million) by 2026, 67% higher than the previous minimum level, the regulator said on Wednesday, following policy defaults in the past few years. Under the previous rules, the minimum paid up capital for insurance …
Indonesia raises minimum equity of insurance firms to at least $16 million by 2026 Read More »
JAKARTA (Reuters) -Indonesia has delayed plans for an initial public offering (IPO) of palm oil producer PalmCo, an official from its parent, state agricultural group Perkebunan Nusantara (PTPN) III, said on Wednesday. Indonesia’s ministry for state-owned enterprises, which oversees the company, said in July last year that PalmCo would launch an IPO, which would be …
Indonesia’s PalmCo delays IPO, plans biodiesel plant investment Read More »
