BEIJING (Reuters) – China is expected to reduce the tax and fee burden for business entities by 1.8 trillion yuan ($261.62 billion) this year, Wang Daoshu, the country’s taxation administration official, said at a news conference on Thursday. ($1 = 6.8803 Chinese yuan renminbi) (Reporting by Beijing newsroom; Editing by Muralikumar Anantharaman)
(Refiles to correct coding for media clients, no other changes) By Adrian Portugal and Lisa Marie David MANILA (Reuters) -Philippines toy maker David Tan is flooded with orders from grieving pet owners who want to memorialise their dogs, cats, hamsters and rabbits with stuffed toys or ‘plushies’. Tan and a team of 20 employees use …
Philippine toy maker creates life-like pet plushies for grieving owners Read More »
By Michael Martina and David Brunnstrom SIMI VALLEY, California (Reuters) – U.S. House Speaker Kevin McCarthy hosted Taiwanese President Tsai Ing-wen in California on Wednesday, becoming the most senior U.S. figure to meet a Taiwanese leader on U.S. soil in decades and stressed the need to accelerate arms deliveries to Taiwan in the face of …
U.S. Speaker meets Taiwan leader and stresses need to speed up arms deliveries Read More »
(Reuters) – PT Telkom Indonesia (Persero) Tbk has signed a conditional agreement to integrate its fixed broadband business IndiHome into PT Telekomunikasi Selular (Telkomsel) for 58.3 trillion rupiah ($3.91 billion), the companies said on Thursday. “We believe this is a rare opportunity for Telkomsel to tap into the high-growth fixed broadband market in Indonesia by …
Telkom Indonesia to fuse fixed broadband unit with Telkomsel for $3.91 billion Read More »
BEIJING (Reuters) – China’s services activity in March revved up at the quickest pace in 2-1/2 years on robust new orders and job creation and a consumption-led post-COVID recovery, a private-sector survey showed on Thursday. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 57.8 in March from 55.0 in February, the third consecutive …
China March services activity accelerates on new orders – Caixin PMI Read More »
SEOUL (Reuters) – South Korea’s financial regulator on Thursday called on the country’s banks to join efforts to make lenders “trusted and loved” while pushing ahead with its reform plans. The Financial Services Commission (FSC) has said it would draw up measures to reform the banking sector by the end of June, including ways to …
South Korea regulator calls on banks to regain ‘trust and love’ Read More »
(Reuters) -Indian refiners’ crude oil processing remained near record levels in February, provisional government data showed on Wednesday, catering to rising demand in the world’s third biggest oil importer and consumer. Refinery throughput was 2% higher year-on-year at 5.46 million barrels per day (20.85 million tonnes) for February. Throughput stood at 5.39 million barrels per …
Indian refiners’ February crude processing stays elevated amid robust demand Read More »
By Mohi Narayan and Nidhi Verma NEW DELHI (Reuters) -Record high imports of crude oil from Russia in fiscal 2022-23 helped India’s refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed. Access to cheap Russian crude has boosted output and …
Fuels from Russian oil gets backdoor entry into Europe via India Read More »
BEIJING (Reuters) – China’s foreign ministry on Thursday condemned a meeting in California between Taiwan’s leader and the U.S. House Speaker as “acts of collusion” and said it would defend its sovereignty, according to the Xinhua news agency. “China firmly opposes and strongly condemns the acts,” China’s foreign ministry spokesperson said, according to the official …
China blasts meeting between Taiwan leader and US House speaker Read More »
BEIJING (Reuters) – China’s Fujian maritime safety administration launched a three-day special joint patrol and inspection operation in the central and northern parts of the Taiwan Strait that includes moves to board ships, it said on its WeChat account. The move comes amid heightened tensions between China and Taiwan, with U.S. House Speaker Kevin McCarthy …
China to inspect ships in Taiwan Strait, Taiwan says won’t cooperate Read More »
