Asia Business

Indian regulator proposes stricter rules on independent directors

16h37 India's market regulator proposed on Monday tighter eligibility and appointment rules for independent directors of listed companies, a move seen aimed at protecting minority investors.. . .  Full story

Iraq's oil exports rise to 2.96 mln bpd in February, says ministry

15h53 Iraqi oil exports rose to 2.96 million barrels per day (bpd) in February from 2.868 million bpd the previous month, the Oil Ministry said on Monday.. . .  Full story

Abu Dhabi's ADQ assets estimated at $110 billion

15h16 Abu Dhabi's state holding company ADQ is worth $110 billion, sovereign wealth fund tracker Global SWF said, the first publicly available estimate of ADQ's assets under management.. . .  Full story

COLUMN-Asia's physical crude oil isn't as tight as Brent pricing suggests: Russell

15h00 When a market gets behind a narrative it's tempting to discount factors that challenge the prevailing discourse, and this may be the case with the current bullish view on crude oil.. . .  Full story

OPEC oil output falls in February on Saudi additional cut -survey

14h31 OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to agreed reductions under a pact with allies, a Reuters survey found, ending a run of seven consecutive monthly increases.. . .  Full story

Asia Distillates-Gasoil cash differential slips as supply outlook weighs

13h41 Asia's cash differentials for cargoes of 10 ppm gasoil eased on Monday as the near-term supply outlook dampened sentiment amid a lack of arbitrage opportunities. The 10 ppm cash discount. . .  Full story

Japan's Mizuho restores ATMs, online banking after glitch halts services

13h05 Mizuho Bank, one of Japan's major retail banks, said on Monday it had restored cash machines and online banking services after a data glitch closed down about 80% of its automated teller machines (ATMs). . .  Full story

Kazakhstan's reports 33.6% jump in 2020 net income

13h01 Kazakh fintech firm said on Monday its 2020 net income jumped 33.6% to 263.3 billion tenge ($630 million) and proposed a dividend payout of around 171 billion tenge ($409 million), subject to shareholder approval.. . .  Full story

Thailand sees at least $10 bln investment in industrial east this year

12h27 Thailand expects investment to triple to at least $10 billion in the country's industrial east this year as investment projects previously held by the coronavirus outbreak get pushed forward again as the pandemic eases, an. . .  Full story

Hang Seng Indexes shakes up Hong Kong benchmark, aims to include 100 companies

11h45 Hang Seng Indexes Co. Ltd said on Monday it would shake up the main Hong Kong stock benchmark with the goal of including 100 companies, part of an effort to ensure the index better. . .  Full story

China says domestic competition hurting rare earth prices

11h25 China's rare earths, a group of 17 minerals used in military equipment and consumer electronics, are being undersold due to "vicious competition" domestically and face low resource utilisation, the country's industry minister said on Monday.. . .  Full story

Japan PM Suga apologises after spokeswoman resigns over expensive dinners scandal

11h24 Japanese Prime Minister Yoshihide Suga apologised on Monday following the resignation of a key spokeswoman, who along with other senior bureaucrats were reprimanded for attending expensive dinners hosted by Suga's son.. . .  Full story

Indonesia issues tax break on property sales targeting middle class

11h18 Indonesia has issued a new tax break worth around $350 million applied to some property sales in a bid to boost consumer confidence and help support its pandemic-hit economy, government ministers said on. . .  Full story

Third of Hin Leong founder's ships sold to repay debt -sources

11h14 About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of. . .  Full story

India's HDFC Securities probing glitch after briefly halting equity trading on NSE

10h54 India's HDFC Securities said it was investigating a "technical glitch" that forced the brokerage on Monday to briefly stop equity trading for its customers on the country's top bourse, the National Stock Exchange of. . .  Full story

Malaysia to cull 3,000 pigs after African swine fever discovery

10h09 Malaysia plans to cull 3,000 wild and domestic pigs after an outbreak of African swine fever in wild boar and backyard pigs in the state of Sabah on Borneo island in mid-February.. . .  Full story

Japan govt officials debate fresh cash payouts to help the poor cope with pandemic -sources

10h04 Japanese government and ruling party officials are discussing possible additional cash payouts to low-income households to help them cope with the coronavirus pandemic, two sources with direct knowledge of the matter told Reuters on Monday.. . .  Full story

Dalian coking coal hits 3-month low as imports stabilise

09h54 Chinese coking coal futures slumped more than 6% on Monday to their lowest in three months as stable output and imports eased supply worries, while demand for the ingredient appeared promising on strong steel production.. . .  Full story

Japan's Topix gains most in 7 months on Nasdaq rebound

09h47 Japan's Topix Index on Monday jumped the most in seven months, as a pause in sell-offs in U.S. treasuries boosted the tech-heavy Nasdaq index and lifted domestic shares of chipmakers.. . .  Full story

China shares bounce higher; investors shrug off factory growth slowdown

09h39 China shares ended higher on Monday, rebounding from their biggest weekly loss in a year as investors bought shares bruised by the sell-off, even as slower factory activity growth showed the fragility of China's. . .  Full story

Turkish factory activity grows at slower pace in Feb - PMI

09h03 Turkish factory activity grew at a slower pace in February as new orders contracted slightly, a survey showed on Monday, although manufacturers continued to expand production and add staff.. . .  Full story

JGBs rebound as global bond sell-off eases

09h03 Japanese government bond prices rebounded on Monday, bringing down the benchmark 10-year yield off a five-year high, as a global bond sell-off stemming from fears of tighter monetary policies eased.. . .  Full story

Fukushima operator completes removal of second set of spent fuel rods

08h00 Tepco, the operator of Japan's wrecked Fukushima atomic plant, said it had successfully removed spent uranium fuel from a damaged reactor building in a key step in its clean up of the site after. . .  Full story

Malaysia's Feb palm oil exports fall 8.2% -AmSpec Agri

06h52 Exports of Malaysian palm oil products for February fell 8.15% to 1,000,854 tonnes from 1,089,702 tonnes shipped during January, according to independent inspection company AmSpec Agri Malaysia on Monday.. . .  Full story

China shares rebound; slower factory expansion caps gains

06h38 Chinese shares rose on Monday, rebounding from a sharp sell-off last week that had been prompted by fears of policy tightening, but gains were capped after China's factory activity grew at a slower pace. . .  Full story

Indonesia's Jan foreign visitor arrivals drop 89% y/y

06h35 The number of foreign visitors arriving in Indonesia fell 89.05% in January from a year earlier to around 141,300 amid global coronavirus-linked restrictions on travel, data released by the statistics bureau showed on Monday. (Reporting. . .  Full story

Indonesia's Feb inflation rate cools to six-month low of 1.38%

06h20 Indonesia's annual inflation rate cooled for a second straight month in February to 1.38%, the slowest since August 2020, data from the statistics bureau showed on Monday.. . .  Full story

China Feb home price growth cools as large cities tighten rules - private survey

06h13 Growth in new home prices in China eased slightly in February as demand slowed over the Lunar New Year and some major cities clamped down further on speculative buying, a private survey showed on. . .  Full story

Japanese shares rebound from biggest fall in a year after Nasdaq gain

04h19 Japanese shares rebounded on Monday from the biggest day's fall in almost a year in the previous session, led by chip and electronics shares, as a pause in the rise in the U.S. bond. . .  Full story

China's factory activity growth slips to 9-month low- Caixin PMI

04h11 China's factory activity expanded at the slowest pace in nine months in February as weak overseas demand and coronavirus flare-ups weighed on output, adding pressure on the country's labour market, a business survey showed on. . .  Full story

An 'industry custom': Little-known fees help Japan trust banks dominate profitable niche market

04h09 When Japan's Honda Motor Co Ltd stopped using Sumitomo Mitsui Trust Bank Ltd as its stock transfer agent last year, the lender slapped it with a roughly $4 million termination fee, according to two. . .  Full story

Japan's factory activity grows at fastest pace in 2 years as output, orders rise - PMI

02h30 Japan's factory activity expanded at the fastest pace in over two years in February, a private-sector survey showed on Monday, as strong orders led to the first output rise since the start of the. . .  Full story

Magnitude 5.9 earthquake strikes Vanuatu - USGS

02h11 A magnitude 5.9 earthquake struck 90 km (55.92 miles) west of Port-Vila, Vanuatu on Monday, the U.S. Geological Survey said.. . .  Full story

Japanese companies go high-tech in the battle against food waste

00h27 Japanese companies are ramping up the use of artificial intelligence and other advanced technology to reduce waste and cut costs in the pandemic, and looking to score some sustainability points along the way.. . .  Full story

Libya's NOC says Paris court confirmed that LERCO must pay it $115 million plus interest

28/02 Libya's National Oil Corp (NOC) said on Sunday that a Paris court of appeal had upheld an award by a court of arbitration against Libyan Emirates Oil Refining Company (LERCO) regarding the Ras Lanuf. . .  Full story

Japan's Mizuho halts service at card-eating ATMs

28/02 Japan's Mizuho Bank stopped service at some of its automated teller machines (ATMs) on Sunday after the machines devoured customers' cash cards and bank books.. . .  Full story

China's factory activity expands at a slower pace in February, misses expectations -official PMI

28/02 China's factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing market expectations after brief COVID-19-related disruptions earlier in the year.. . .  Full story

Growth in China's services sector slows in February -official PMI

28/02 Activity in China's services sector expanded at a slower pace in February, official data showed on Sunday.. . .  Full story

Spanish government says all cattle on pariah ship should be killed

27/02 More than 850 cows that have spent months on a ship in the Mediterranean are no longer fit for transport and should be killed, Spain's Agriculure Ministry said on Saturday, confirming an earlier Reuters. . .  Full story

Tunisia's main party holds street protest, escalating government row

27/02 Tunisia's biggest political party rallied an immense crowd of supporters in the capital on Saturday in a show of strength that could fuel a dispute between the president and prime minister that has paralysed. . .  Full story

Malaysian pension fund EPF assets grow to value of $252 bln in 2020

27/02 Malaysia's Employees Provident Fund (EPF) saw its investment assets grew 7.9% from a year earlier to a market value of 1.02 trillion ringgit ($252 billion) at the end of 2020, the fund said on. . .  Full story

Singapore's Olam plans to list food ingredients unit by H1 2022

27/02 Commodity trader Olam International, which is dividing its portfolio of diverse products into two new operating businesses, said on Friday that it plans to list its food ingredients segment by the first half of next. . .  Full story

Nearly 900 cattle on Spanish pariah cattle shipment to be killed - report

26/02 Nearly 900 cows on a ship docked at the Spanish port of Cartagena are to be killed according to the conclusion of a confidential report by Spanish government veterinarians seen by Reuters.. . .  Full story

-Spanish vets inspect pariah cattle shipment after bovine odyssey

26/02 Spanish government veterinarians were on Friday deciding the fate of hundreds of cows crammed aboard a ship that had returned to port after months at sea in what animal rights activists described as "hellish" conditions.. . .  Full story

India's NSE defends response to exchange's shutdown

26/02 India's National Stock Exchange on Friday defended its reopening the market after an unexpected shutdown this week, amid criticism about how it handled the situation.. . .  Full story

India's economy exits from recession, recovery seen gathering pace

26/02 India's economy returned to growth in the three months to December and the recovery is expected to gather pace as consumers and investors shake off the effects of the coronavirus pandemic, economists said.. . .  Full story

India's economy grows 0.4% y/y in Oct-Dec quarter

26/02 India's economy expanded by 0.4% year-on-year in the October-December quarter, returning to growth after shrinking for two straight quarters, government data showed on Friday.. . .  Full story

Malaysia's CIMB suffers 75% drop in Q4 profit, squeezed by provisioning

26/02 Malaysia's CIMB Group Holdings Bhd reported on Friday a 75% slump in fourth-quarter net profit, as higher bad loan provisions during the coronavirus pandemic weighed on earnings.. . .  Full story

Losses deepen for Malaysian carrier AirAsia X

26/02 Malaysian long-haul budget carrier AirAsia X's net loss widened by 82% in the fourth quarter, it said in a stock exchange filing on Friday, for a seventh straight quarterly loss as operations remain grounded because. . .  Full story

Asia Distillates-Gasoil cracks register first weekly drop in five

26/02 Asian refining margins for 10 ppm gasoil dropped for a fifth consecutive session on Friday, registering their first weekly decline in five, as some supplies remain locked within the region wing to a. . .  Full story

As yields creep up, BOJ's Kuroda calls for 'stably low' rates

26/02 Bank of Japan Governor Haruhiko Kuroda on Friday stressed the need to keep interest rates "stably low" to protect an economy ravaged by the COVID-19 pandemic, warning that prospects for a recovery were fraught with. . .  Full story

Japan's J-Power plans to cut CO2 emissions by 40% by 2030

26/02 Japan's Electric Power Development (J-Power) said on Friday it plans to cut CO2 emissions by 40% by 2030 by shutting old coal-fired power plants and upgrading some existing plants with advanced technology such as gasification.. . .  Full story

Nissan says makes breakthrough with engine in reducing CO2 emissions

26/02 Nissan Motor Co said on Friday it has reached a breakthrough in achieving a 50% thermal efficiency with its in-development e-POWER hybrid technology, which could lead to a further reduction of car CO2 emissions.. . .  Full story

Petronas delays Pengerang restart, sees challenging year

26/02 Malaysia's Petronas on Friday delayed the launch of its Pengerang Integrated Complex until the second half of the year from the first, but dismissed rumours partner Saudi Aramco was looking to exit the $27 billion. . .  Full story

Qatar's Ezdan says will have funds to repay upcoming sukuk maturities

26/02 Qatari property developer Ezdan Holding said on Friday it would have the funding available to repay sukuk maturing in May this year and April 2022, a day after S&P Global cut its credit rating. . .  Full story

India's inflation target band appropriate for next 5 yrs - RBI report

26/02 India's current medium-term inflation target band is appropriate for the next five years, the Reserve Bank of India said in an internal report published on Friday.. . .  Full story

Hong Kong stocks post worst week in one year as bond yields surge

26/02 Hong Kong stocks ended sharply lower on Friday, in line with broader markets, posting their worst week in one year, as a rout in global bonds sent yields flying and dampened appetite for risky. . .  Full story

China will strive to keep economic operations within reasonable range this year - politburo

26/02 China will strive to keep economic operations within a reasonable range this year, a top decision-making body of the ruling Communist Party said on Friday, according to the official Xinhua News Agency.. . .  Full story

China's Ant to boost consumer finance unit capital as it restructures micro-lending -sources

26/02 China's Ant Group is in talks with other shareholders in its new consumer finance unit to bolster the firm's capital as the fintech giant prepares to fold in its lucrative micro-lending businesses, people familiar. . .  Full story

China securities regulator publishes corporate bond trading measures

26/02 China's securities regulator on Friday published new supervision measures for trading of corporate bonds, implementing a registration system and clarifying issuance conditions for public offerings.. . .  Full story

Kazakhstan's real estate stimulus raises bubble concerns

26/02 Within less than a month, Kazakhs have withdrawn over $1 billion from the state pension fund as part of a stimulus package that allows residents to funnel previously untouchable savings into real estate.. . .  Full story

BOJ to highlight climate risks as key theme of bank tests this year - sources

26/02 The Bank of Japan will for the first time highlight climate change risks as among key themes in its bank examinations this year, sources said, joining major peers moving to gain research clout on. . .  Full story

China stocks post worst week in nearly 2-1/2 yrs as bond yields surge

26/02 China stocks fell sharply on Friday to end the week lower, in line with global markets, with the blue-chip index posting its worst week in 28 months, as a rout in global bonds sent. . .  Full story

Mitsubishi pulls out of Vinh Tan 3 coal project in Vietnam, sources say

26/02 Mitsubishi Corp has decided to pull out of the Vinh Tan 3 power plant in Vietnam, two sources familiar with the company's thinking on the matter told Reuters, as it shifts away from carbon. . .  Full story

Japan stocks crumble as bond market rout wreaks havoc

26/02 Japanese shares slumped on Friday, logging their biggest daily decline in nearly a year, after a spike in global bond yields spooked investors already uneasy about the market's stretched valuation.. . .  Full story

From the hinterland to Hollywood: how Indian farmers galvanised a protest movement

26/02 Indian Prime Minister Narendra Modi is struggling to beat back his biggest political challenge in years from a protest movement which began with disgruntled farmers travelling to New Delhi on tractors and is now. . .  Full story

Indonesia says "ready to fight" EU at WTO over nickel export curbs

26/02 Indonesia is "ready to fight" the European Union's challenge of the Southeast Asian country's ban on nickel ore exports at the World Trade Organisation, arguing the bloc's actions may hinder Indonesia's development plans, the trade. . .  Full story

Japan's jobless rate seen up in January due to COVID-19 emergency measures

26/02 Japan's jobless rate is expected to have edged up in January as service industry businesses suffered renewed restrictions on movement to fight spread of the coronavirus in some areas, including Tokyo, a Reuters poll. . .  Full story

China, Hong Kong stocks drop over 2% as bond yields surge

26/02 China and Hong Kong stocks fell sharply on Friday, in line with broader markets, as a rout in global bonds sent yields flying and dampened appetite for risky assets.. . .  Full story

China's factory activity growth likely moderated during Feb holiday lull

26/02 China's factory activity likely grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by. . .  Full story

China to hike corn acreage by more than 667,000 hectares in 2021

26/02 China will step up its corn planting acreage and treat more polluted land in 2021, the agriculture ministry said on Thursday, as part of an overarching plan to bolster food security for the world's. . .  Full story

Malaysian pension fund launches $600 mln fund managed by BlackRock, HarbourVest, Partners Group

26/02 Malaysia's Employees Provident Fund (EPF) has launched the world's first and largest syariah private equity direct or co-investment separate managed account fund, with an allocation of $600 million, it said on Friday.. . .  Full story

Malaysia's Jan exports jump 6.6% y/y, meet forecast

26/02 Malaysia's exports rose 6.6% from a year earlier in January, buoyed by higher shipments of electrical and electronic goods as well as rubber products, government data showed on Friday.. . .  Full story

Top Hong Kong university cuts ties with student union over national security concerns

26/02 The Chinese University of Hong Kong has withdrawn recognition of its student union, saying criticism of the city's national security law by newly elected union leaders may have been illegal.. . .  Full story

China's economy could grow 8-9% this year from low base in 2020 - adviser

26/02 China's gross domestic product (GDP) could expand 8-9% in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy adviser to the People's Bank of China, said on Friday.. . .  Full story

Nikkei drops to near 3-week low as spike in bond yields spooks investors

26/02 Japanese shares dropped on Friday, with the Nikkei on course to log its biggest fall since July, after a spike in global bond yields spooked investors already uneasy about the market's stretched valuation.. . .  Full story

Japan's consumer prices rebound but outlook uncertain, says BOJ executive

26/02 Japan's consumer prices are expected to rebound as the economy recovers but various uncertainties exist over the outlook, a senior Bank of Japan official said on Friday.. . .  Full story

Benchmark JGB yield hits highest in 5 years as bonds fall globally

26/02 Japanese government bond yields surged on Friday, with the benchmark 10-year hitting its highest since early 2016, as expectations for higher inflation and government spending hit bonds globally.. . .  Full story

Japan's Jan factory output rises for first time in 3 months, retail sales drop

26/02 Japan's industrial output rose for the first time in three months in January thanks to a pickup in global demand, in a welcome sign for an economy still looking to shake off the drag. . .  Full story

S.Korea's Feb exports seen extending growth but at a slower rate

26/02 South Korea's exports likely grew for a fourth straight month in February, a Reuters poll showed on Friday, thanks to improving global trade, hopes of a vaccine-led recovery and demand for semiconductors and cars.. . .  Full story

S.Korea to make outright purchases of 5-7 trln won worth T-bonds in H1

26/02 South Korea's central bank said on Friday it plans to make outright purchases of treasury bonds worth somewhere between 5 trillion won to 7 trillion won ($4.5-$6.3 billion) during the first half of the. . .  Full story

Japan Jan retail sales fall 2.4% year/year - govt

26/02 Japanese retail sales fell 2.4% in January from a year earlier, government data showed on Friday.. . .  Full story

Tokyo Feb core CPI falls 0.3% yr/yr

26/02 Core consumer prices in Tokyo fell 0.3% in February from a year earlier, government data showed on Friday.. . .  Full story

India's top brokerage Zerodha faces investor fury after stock exchange glitch

26/02 India's largest brokerage Zerodha is facing a backlash from traders who saw their equity positions abruptly closed during an exchange glitch, amidst criticism that a lack of communication from the country's top bourse caused losses.. . .  Full story

The Long Trail - after months at sea over infection worries, Spanish cattle ship returns to port

25/02 A shipload of Spanish cattle that had been drifting for months due to concerns over the bovine bluetongue disease docked in Spain on Thursday, the government said, but the fate of the animals remains. . .  Full story

New Chinese study finds milder variants of African swine fever virus

25/02 New variants of the African swine fever virus circulating in China appear to cause a milder form of the disease, making it less deadly but harder to detect and to bring under control, a. . .  Full story

Qatar says to fund $60 mln pipeline from Israel to Gaza

25/02 Qatar on Thursday pledged $60 million to build a natural gas pipeline from Israel into the Gaza Strip that will end the energy crisis that has helped cripple the Gaza economy.. . .  Full story

Employee coaching firm BetterUp valuation hits $1.73 bln in latest fund raise

25/02 Employee coaching service provider BetterUp said on Thursday it raised $125 million, taking its valuation to $1.73 billion.. . .  Full story

Japan govt to end state of emergency in 5 prefectures at end of month - Kyodo News

25/02 The Japanese government will end a state of emergency in five prefectures west of Tokyo at the end of this month, a week earlier than scheduled, Kyodo news agency reported on Thursday.. . .  Full story

China's says shareholders plan to sell up to 25% stake

25/02 Chinese retailer said on Thursday shareholders plan to sell 20% to 25% of the company to unnamed buyers which might lead to a change in control as its parent seeks to raise cash.. . .  Full story

Thai economy slows after virus return, support measures planned

25/02 Thailand's tourism-reliant economy was clearly affected by a recent COVID-19 outbreak as monthly private consumption and investment declined, making economic recovery more uneven, the central bank said on Thursday.. . .  Full story

Asia Distillates-Jet fuel cracks drop as pandemic-led aviation gloom persists

25/02 Asian jet fuel refining margins slipped further on Thursday, while cash discounts for the aviation fuel lingered close to a multi-week low touched in the previous session after Singapore middle distillate stocks rose. . .  Full story

Malaysia's AirAsia Group delays releasing earnings to end-March

25/02 Malaysian budget carrier AirAsia Group Bhd has postponed its fourth-quarter earnings release by about a month, just as its closed Japan unit starts bankruptcy proceedings.. . .  Full story

Hong Kong stocks rebound as investors look past proposed stamp duty hike

25/02 Hong Kong shares bounced on Thursday, after posting their worst session in over nine months a day earlier, as investors largely looked past Hong Kong's move to raise stamp duty on stock trading.. . .  Full story

Malaysia's Axiata Group shelves plans for sale of stake in tower unit

25/02 Malaysian telecoms firm Axiata Group said on Thursday it has shelved plans to sell a stake in its telecommunications tower business due to uncertain market conditions.. . .  Full story

China ferrous futures jump as macro recovery fuels demand hopes

25/02 Chinese ferrous futures rose on Thursday on expectations of global demand rebounding from pandemic lows, while supply worries sparked by output curbs in top steelmaking city Tangshan also fuelled gains.. . .  Full story

China shares end higher on gains in property firms

25/02 China shares rebounded on Thursday, as strong gains in the property sector helped the market recover from sharp losses made a day earlier.. . .  Full story

Chip shortage leads Japan automakers to post 4.5% slump in Jan global output

25/02 Global production at Japanese automakers including Honda Motor Co slipped 4.51% in January from last year as a widespread chip shortage forced the industry to cut production.. . .  Full story

HK brokers plan to absorb higher share trading levy to ensure retail party continues

25/02 Hong Kong brokerages could have to absorb the government's planned increase in stock trading stamp duty or reduce their already wafer-thin commissions, according to brokers, amid concerns the higher levy will reverse a retail buying. . .  Full story

Japan's Nikkei reclaims 30,000-mark as economic optimism swells

25/02 Japan's Nikkei index closed above the 30,000-mark on Thursday after Federal Reserve Chair Jerome Powell views signalled that interest rates will remain low for an extended period.. . .  Full story

Malaysia's Maybank posts 37% drop in Q4 profit as impairments rise

25/02 Malayan Banking Bhd (Maybank) reported on Thursday a 37% lower fourth-quarter net profit as impairment losses climbed while net interest income and Islamic banking income fell.. . .  Full story

TABLE-Malaysia's Feb 1-25 palm oil exports rise 5.6% -AmSpec Agri

25/02 Exports of Malaysian palm oil products for Feb 1-25 rose 5.64% to 921,929 tonnes from 872,707 tonnes shipped during Jan 1-25, according to independent inspection company AmSpec Agri Malaysia on Thursday.. . .  Full story

JGB yields jump to multi-year highs on global reflation trade

25/02 Yields on Japanese government bonds jumped to multi-year highs on Thursday, tracking a rise in U.S. and European bond yields as investors bet on ultra-easy monetary policy igniting inflation.. . .  Full story