South-East Asia

Newly inaugurated U.S. President Donald Trump is pressing to reclaim the Panama Canal, the world's second busiest interoceanic waterway, spurring issues that the United States might get into the Main American nation. Trump argues that Panama has actually broken a promise of neutrality made when the United States moved the canal to Panama in 1999, incorrectly claiming that China is running it. The canal is run by the Panama Canal Authority, an self-governing agency managed by the Panamanian federal government. WHY IS THE CANAL KEY FOR THE U.S? The Panama Canal, an 82-km (51-mile) artificial waterway that links the Pacific...

China's suspension earlier this month of Brazilian soybean exports from five business after cargoes did not fulfill plant health requirements will last two months, a leading Brazilian farming official informed Reuters on Friday. Brazil is the top soybean exporter to China, which is the world's top importer. Brazilian farmers and exporters compete with counterparts in the United States for the Chinese market. China suspended imports from the five business on Jan. 8 and Jan. 14 after freights failed to satisfy Chinese import requirements. The 5 suspended units are part of operations that represented more than 30% of the more than...

Malaysia Airports said on Friday a takeover bid by the Gateway Development Alliance (GDA). consortium, led by sovereign wealth fund Khazanah Nasional, had. now become unconditional. The bidding consortium, which likewise includes BlackRock's. Worldwide Infrastructure Partners and Abu Dhabi Financial Investment. Authority (ADIA), have actually now secured control of 92.82% in the. airports operator. Khazanah, Malaysia Airport's most significant investor, had in May. last year teamed up with the other bidders and provided to. acquire all remaining shares at 11 ringgit each, offering the. airports operator an equity worth of 18.4 billion ringgit ($ 4.21. billion). The offer had actually...

Abu Dhabi National Oil Company's logistics arm has actually transferred its tankers to Navig8 after it purchased 80% of the company for more than $1 billion and will cut part of its labor force, the state oil giant said in a. statement. ADNOC Logistics & & Services, which raised nearly. $ 770 million in an initial public offering in 2023, stated in June. it was purchasing Singapore-headquartered Navig8 as part of its. growth method. ADNOC has actually noted numerous of its systems over the last few years and. pursued a string of offers to broaden in nearly every part of...

The following are the leading stories in the Financial Times. Reuters has actually not validated these stories and does not guarantee their accuracy. Headings - KPMG penetrated by UK accounting guard dog over Entain audit - Bank of England proposes 'concierge' service to welcome foreign firms - UK government rejects attempt to block EU law in Northern Ireland - UK ministers poised to authorize expansion of Gatwick airport Overview. - The UK's accounting guard dog Financial Reporting Council has. introduced an investigation into KPMG's 2022 audit of the. financials of bookmaker Entain, marking a new problem. for the Big Four...

A takeover offer for Malaysia Airports Holdings by a consortium consisting of the country's sovereign wealth fund and BlackRock has been extended for a third time this month to Feb. 4, a stock market filing on Monday revealed. The consortium, consisting of Malaysia's sovereign wealth fund Khazanah and BlackRock's Global Infrastructure Partners, has now secured an additional 45.63% stake as of Jan. 17, the filing revealed, bringing their overall control to 86.51%. The consortium also decreased the acceptance condition to at least 85%, and continued to provide 11 ringgit per share to purchase all remaining shares, offering the airport operator...

A takeover offer for Malaysia Airports Holdings by a consortium consisting of the country's sovereign wealth fund and BlackRock has actually been extended for a third time this month to Feb. 4, a stock market filing on Monday revealed. The consortium, including Malaysia's sovereign wealth fund Khazanah and BlackRock's International Infrastructure Partners, has now secured an extra 45.63% stake since Jan. 17, the filing showed, bringing their overall control to 86.51%. The offerors likewise reduced the acceptance condition to at least 85%, and continued to provide 11 ringgit per share to purchase all remaining shares, offering the airports operator an...

Swiss chocolate maker Barry Callebaut and Singaporebased food group Olam have been buying fewer cocoa beans from Ivory Coast because midDecember after an increase in port costs at Abidjan and San Pedro, industry sources said on Thursday. 7 cocoa purchasers based in the regions of Soubre, San Pedro, Duékoué and Meagui informed Reuters they are charging exporters, including smaller operators, more than an authorities cap in order to benefit from an increase in international cocoa rates towards record levels. We have actually needed to decrease our cocoa purchases in the bush because mid-December due to the fact that of price...

A takeover offer for Malaysia Airports by a consortium comprising the country's. sovereign wealth fund and BlackRock has actually been extended once again to. Jan. 24, a stock market filing on Wednesday showed. Previously this month, the offer was extended to Jan. 17. The offerors have actually now protected an extra 44.92% stake as. of Jan. 15, the filing revealed, bringing their overall control to. 85.77%, after they had actually currently accumulated a 40.85% stake since. early Dec. 2024. In May 2024, the consortium consisting of Malaysia's sovereign. wealth fund Khazanah and BlackRock's International Infrastructure. Partners offered to acquire all...

Marine fuel sales reached fresh highs at the world's biggest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container throughput and higher deliveries of alternative marine fuels. Sales amounted to 54.92 million metric loads in 2023, information from the Maritime and Port Authority of Singapore (MPA) showed. Total sales went beyond a previous record of 51.82 million tons in 2023. Container throughput reached 41.12 million twenty-foot equivalent units (TEUs) in 2024, likewise logging brand-new highs. On the other hand, annual vessel arrival tonnage grew to a fresh record of 3.11 billion gross lots (GT)....

Russian aluminium stocks in London Metal Exchange warehouses readily available to the marketplace fell 11% in December from November, LME data revealed, as traders and consumers wanted to avoid lines for Indian metal in Port Klang, Malaysia. The aluminium stored in LME signed up storage facilities in Port Klang is primarily of Indian origin and is wanted by Western customers, much of which have refused to purchase metal produced in Russia, after it attacked Ukraine almost three years back. Readily available aluminium stocks of Russian origin or those that are on warrant reached 163,450 metric tons at the end-December, which...

Kilang Pertamina Internasional, refinery unit of Indonesia's state owned energy company Pertamina, aims to produce its very first certified sustainable air travel fuel (SAF) in the very first quarter of this year, the company said on Thursday. The company received certification for SAF in December including the International Sustainability Carbon Accreditation( ISCC) Carbon Balancing Out and Decrease Plan for International Air Travel (CORSIA) and ISCC Europe Union (EU). accreditation. It will produce SAF using the dealt with extract hydro. dealing with unit at its Cilacap refinery. KPI is ready to progress by producing the very first. ISCC-certified Pertamina SAF in...

The Philippines' sovereign wealth fund would be interested in purchasing a Chinese state firm's. stake in the Southeast Asian nation's power transmission. operator, its president said on Tuesday, as the federal government seeks. to improve its oversight of the nationwide power grid. The wealth fund, Maharlika Investment Corp, revealed on Monday. it would buy a 20% stake in the National Grid Corp of the. Philippines, or NGCP, which in 2007 won a 25year concession to. be the Philippines' sole power transmission operator. Maharlika president and president Rafael. Consing Jr said the fund would likewise be interested in shares held. by...

The Philippines' sovereign wealth fund Maharlika Financial investment Corp is purchasing a 20% stake in the operator of the nation's power grid, the federal government said on Monday, a first significant financial investment that tightens its grip on crucial infrastructure. National Grid Corp of the Philippines holds a 25year concession to run the country's sole power transmission operator because winning the contract in 2007. Amid intensifying tensions between Manila and Beijing over conflicts in the South China Sea, NGCP is currently the subject of a congressional probe into its compliance with franchise obligations and its ownership, with China's State Grid...

Travellers thronged train stations and airports on Friday, clutching large suitcases and gifts such as boxes of fruit as they joined millions of Chinese going back to their home towns to commemorate the Lunar New Year celebration with family. The vacation, China's greatest, this year falls between Jan. 28-Feb. 4 and marks the arrival of the Year of the Snake. The festivities generally supercharge companies such as stores, movie theaters and dining establishments as households delight in time together feasting and shopping. Authorities are specifically keen for individuals to open their wallets this year to improve the slow economy, and...

Tourists thronged railway stations and airports on Friday, clutching big suitcases and presents such as boxes of fruit as they signed up with millions of Chinese going back to their home towns to commemorate the Lunar New Year celebration with household. The holiday, China's greatest, this year falls between Jan. 28-Feb. 4 and marks the arrival of the Year of the Snake. The festivities typically supercharge companies such as shops, movie theaters and restaurants as households take pleasure in time together feasting and shopping. Authorities are particularly eager for individuals to open their wallets this year to enhance the slow...

Indonesia will rely more on personal financiers for its organized 71 gigawatt expansion in power capacity over the next years, with the government to focus on transmission for eco-friendly generation, the nation's energy minister stated on Monday. Bahlil Lahadalia said state energy Perusahaan Listrik Negara's (PLN) 2025-2034 power supply strategy will include 71 GW of brand-new power capacity and 48,000 circuit-km of transmission lines, which is comparable to 8,000 km (4,971 miles) straight line. Some 60% of the prepared brand-new power plants will be offered to the economic sector, he said at an occasion marking the launch of 26 power...

South Sudan aims to resume oil production at its Blocks 3 and 7 on January 8 with preliminary output of 90,000 barrels each day, Petroleum Minister Puot Kang Chol stated on Tuesday. South Sudan's economy has actually been under pressure in recent years in the middle of common violence while essential petroleum export income has been injured by export disturbances due to war in Sudan. Over the weekend, Sudan raised a nearly year-long force majeure on the transport of crude oil from its neighbour South Sudan to a port on the Red Sea after security conditions improved. The government has...

According to a letter sighted by us on Monday, the Sudan lifted its near-one-year force majeure for the transportation of crude from South Sudan to an port on the Red Sea. Khartoum declared force majeure last March after the main oil pipeline transporting South Sudanese oil through Sudan to be exported suffered stops linked to the problems caused by the war between Sudan’s army and insurgents Rapid Support Forces. In a letter dated January 4 from Sudan's Ministry of Energy and Petroleum to South Sudan’s Energy Minister, Khartoum announced that it would lift the force majeure due to new security...

Uncertainty surrounds the deadliest airplane crash on South Korean soil, air travel specialists said on Sunday, questioning how much impact a possible bird strike pointed out by authorities might have had in lowering the Jeju Air flight. The apparent absence of landing equipment, the timing of the twin-engine Boeing 737-800's tummy landing at Muan International Airport and the reports of a possible bird strike all raised questions that could not yet be responded to. The single-aisle airplane was seen in video broadcast on local media skidding down the runway without any landing equipment released in the past hitting a wall...

The crash of Jeju Air flight 7C2216 on Sunday marks the deadliest ever on South Korean soil and the worst including a South Korean airline given that a 1997 Korean Air Lines crash in Guam that killed more than 200. The crash of the Boeing 737-800 at Muan International Airport is the very first deadly accident involving the nation's. greatest budget plan airline, which was founded in 2005. Jeju Air. ranks just behind Korean Air Lines and Asiana. Airlines in regards to the number of travelers in South Korea. The previous most lethal air accident in South Korea remained in....

A minimum of 28 individuals were dead on Sunday after an airliner went off the runway and crashed at South Korea's Muan International Airport, Yonhap news agency reported. The mishap took place as the Jeju Air aircraft, carrying 175 passengers and 6 team on a flight from Thailand, was landing at the airport in the south of the nation, the report stated. Two people were found alive as the rescue mission was continuing, according to Yonhap. Authorities were working to rescue individuals in the tail area, an airport authorities told Reuters. Images shared by local media showed smoke and flame...

Russia exported uncommon naphtha and fuel oil cargoes to Indonesia in September as it expands the swimming pool of buyers for its oil products, LSEG data revealed. According to shipping data, tanker Marlin Hestia was loaded with 58,200 metric tons of naphtha in the Russian Black Sea port of Novorossiisk on September, 1. The freight was discharged at Anyer Terminal (Java island) in Indonesia on October, 18. Chandra Asri, which operates a petrochemical complex situated in Banten, didn't react instantly to Reuters request to comment. For the whole of 2023, Indonesia imported from Russia around 220,000 lots of naphtha, in...

Singapore's Energy Market Authority (EMA) said on Tuesday it has approved conditional approval to Sun Cable to import 1.75 gigawatt (GW) of tidy power from Australia. The conditional approval for the task, which is expected to be functional after 2035, recognises the technical and business viablity of the Sun Cable task, the EMA stated. Sun Cable will need to update its proposition to show fulfilment of EMA's necessary conditions precedent before the task can be considered for an award of conditional licence, it said in a declaration. Singapore's power sector currently accounts for 40% of all emissions in the nation,...