India Plans Expansive Budget Despite Growth, Revenue Worries

India's finance minister is likely to borrow more than originally planned when he presents the budget on Feb. 1.

26 January 2017 | 11:00 AM


China's 2016 Industrial Profits Rise Most in 3 Years on Commodities Recovery

Profits for China's industrial firms rose 8.5 percent in 2016, the most in three years, as a construction boom fueled rally in prices of building materials.

26 January 2017 | 10:00 AM


Jokowi to Impose Heavy Penalties on Smugglers, Accomplices

President Joko "Jokowi" Widodo has instructed the National Police chief and Attorney General to impose heavy penalties on persons convicted of smuggling.

26 January 2017 | 10:00 AM


Indonesia Attracts Tepid Foreign Direct Investment Inflow in Q4

Growth in foreign direct investment (FDI) slowed significantly in Indonesia in 2016's final quarter, which could dent efforts to boost the rate at which Southeast Asia's largest economy is expanding.

26 January 2017 | 09:08 AM


Saudi Aramco Shelves Plan for Joint Venture With Malaysia's Petronas

Saudi Aramco has shelved plans for a partnership with Malaysian state-oil firm Petroliam Nasional Berhad in a $27 billion refining and petrochemical project in the southeast Asian country, industry sources familiar with the matter told Reuters on Wednesday (25/01).

26 January 2017 | 09:00 AM


Indonesian Provincial Government Says Freeport Loses $188m Tax Appeal

Indonesia's Papua province, home of the giant Grasberg copper mine operated by the local unit of Freeport McMoRan, said it has won a court battle in a claim against the company for Rp 2.51 trillion ($188 million) in outstanding surface water taxes.

26 January 2017 | 08:57 AM


Thai Economy May Grow Faster Than 3.4 Percent This Year: Finance Ministry

Thailand's economy could grow faster this year than the finance ministry's forecast of 3.4 percent, helped by extra government spending and improved exports, a senior ministry official said on Wednesday (25/01).

26 January 2017 | 08:00 AM


India's BSE Exchange Draws Robust Demand for $182 Million IPO

An initial public offering from India's BSE Ltd, the country's second-biggest stock exchange, was well oversubscribed on the last day of the sale, helped by attractive valuations and expectations of robust growth for stocks in the coming years.

26 January 2017 | 07:00 AM


Philippine GDP Growth Seen Picking up in Q4 on Strong Domestic Demand

The Philippine economy is expected to have closed 2016 on a strong note, with robust government spending and domestic demand adding to solid momentum in what could be a bumpy year amid heightened uncertainty over US policies under President Donald Trump.

26 January 2017 | 06:00 AM


Hong Kong Says Singapore Not Part of Probe Into Troop Carriers

Hong Kong said on Wednesday (25/01) the Singapore government would not be criminally prosecuted over a licensing breach in the Chinese-ruled city in connection with the seizure of nine armored vehicles in November.

26 January 2017 | 05:00 AM