Kuwait Oil will enter joint venture with the three global giants in a lease-and-leaseback structure for a 20.5-year period that includes a volume-based tariff.
HSBC sells Singapore insurance business to Germany’s Allianz in $2.09 billion deal
July 24 (Reuters) - HSBC said on Friday it will sell its Singapore life and health insurance business to Germany's Allianz, in a deal valuing the unit at S$2.7 billion ($2.09 billion). The disposal is ...
Why Thai finance firms push AI as human oversight limits automation
Executives say machines cannot make final calls without review in key processes. Thai financial institutions call for well-governed artificial intelligence (AI) to make operations secure and faster, ...
Philippine government bans forced-labor imports
The Philippines' finance, trade and labor departments signed a joint order banning imports made with forced labor, drawing support from the ILO and USTR.
Thailand scales back $30 billion ‘land bridge’ on commercial viability concerns
BANGKOK, July 24 (Reuters) - Thailand's government said on Friday it will revise and scale down an ambitious $30 billion plan to build a coast-to-coast "land bridge" after a review cast doubt on the ...
Japan to impose tougher requirements for permanent residency, reports say
Income and pension requirements are expected to be part of revised requirements for foreign residents seeking the status.
Indonesia’s plan for a Singapore rival starts to take shape
A new law lays the legal groundwork, but economists warn governance will decide the financial centre's fate Indonesia wants to build a financial centre to rival Singapore, Hong Kong or Dubai, but ...
Southern China drenched as Typhoon Noul makes landfall
(Corrects the second paragraph to say Noul is the 12th tropical cyclone this year) HONG KONG, July 26 (Reuters) - Typhoon Noul made landfall early on Sunday in southern China, bringing heavy rain and ...
Typhoon Noul makes landfall in southern China, with over 700,000 evacuated and flights canceled
Typhoon Noul is expected to bring winds and heavy rain to southern China, including Hong Kong, over the weekend. Hong Kong’s Observatory reports that Noul, with maximum sustained winds of 81 ...
Typhoon Noul makes landfall in China, with hundreds of thousands evacuated
Noul hit southern Guangdong province and neighbouring Hong Kong, bringing strong winds and heavy rain to the region.