State-owned Bangladesh Petroleum Corp has submitted a formal request to the National Board of Revenue seeking a waiver from local taxes, value added taxes and other duties imposed on refined oil product imports, in order to borrow less from ...
Tags: Petroleum, Tax Waivers, Oil Product
Prices of copper – the bedrock industrial metal and a benchmark for gauging the strength of the global economy – are likely to soften further in the coming year as production growth is expected to exceed that of consumption. ...
Tags: Softer Copper, Industrial Metal
Far East Energy Corporation (OTCBB:FEEC), the U.S. listed company that operates the Shouyang Block Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People's Republic of China, announces a continued rise in gas ...
Tags: Far East Energy Corporation, Shouyang Block Coalbed Methane
Taiwan's first yuan debt offerings by four big mainland banks have been snapped up, opening the floodgates for up to 60 billion yuan (HK$76.5 billion) of fundraising as Beijing looks to strengthen the island's role in the drive to ...
Tags: Taiwan, RMB, Offshore Yuan Market
Bangladeshi apparel firm Standard Group has secured US$ 50 million low-coast loan from the Bangladesh Bank (BB) and other commercial banks in order to resume production at its fire-ravaged factory. The decision was announced by BB ...
Tags: Fire-Stricken, Apparel
Shuanghui International, a Chinese food giant, is seeking to raise up to $6bn through an initial public offering (IPO) in Hong Kong in the second quarter of 2014. The Chinese firm recently acquired US-based hog and pork processor ...
Tags: Shuanghui International
Rising domestic demand provides firm basis for expansion in the industrial sector British bank HSBC Holdings Plc said that China's manufacturing Purchasing Managers' Index will rise to a seven-month high of 50.9 in October, up from 50.2 ...
Tags: domestic demand, Chemicals
Singapore's sovereign wealth fund, Temasek, made net investments of S$4 billion ($3.16 billion) in its energy and resources portfolio in the year to March 31, the fund said Thursday. The new investments included acquiring an additional 5% ...
China Mengniu Dairy has agreed to acquire 75.3% stake in infant formula manufacturer Yashili, from chairman Zhang Lidian's family and Carlyle Group, for HK$12.5bn ($1.6bn). As part of this transaction, Yashili's controlling shareholders, ...
Tags: Agriculture, Food
The downtrend of iron ore prices in the Chinese market is expected to continue in the third quarter this year, according to a report issued by Standard Chartered Bank on May 29. Due to earlier declines in iron ore prices than expected, ...
Standard Chartered Bank (Hong Kong) announced the completion of the first interest rate swap contract priced based on the renminbi-denominated Hong Kong interbank offered rate for a Hong Kong corporate client. The 12-month interest rate ...
Tags: economy
ONGC, which had hired Citigroup, RBS and Standard Chartered to rate the bond issue, will use proceeds to fund the acquisition of stakes it bought in the Azerbaijan oilfields late last year. The company had bought US energy company Hess ...
Tags: ONGC, hydrocarbons, gas, oil
The fortunes of base metals producers are based primarily on one very big customer China. So it’s little wonder that most stocks associated with producing copper and other metals are stuck in no man’s land right now up from ...
Tags: metals producers, big customer, China, copper, metals
Emaar Properties, Dubai’s largest developer, has secured USD 500 million in financing from a consortium of banks to be used to fund an upcoming project in Turkey. The facility signed with lenders including Standard Chartered, ...
Tags: Emaar Square project, leisure facilities, shopping mall, infrastructure
Businesses are increasingly taking advantage of the economic and political benefits of setting up operations in Malaysia, whether to gain access to a highly skilled but lower-cost workforce to support global operations, or as a stepping ...
Tags: Malaysia, BP, IT Initiative, Multimedia Super Corridor