By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3% this year, its finance minister said on Monday. Southeast Asia’s second-largest economy expanded faster than…
By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia on Monday ordered nine partners to take leave and overhauled its governance board, as it battles a national scandal over the misuse of confidential government tax plans. The “big four” firm is reeling after a former tax partner consulting on new anti-tax avoidance laws shared confidential…
(Reuters) – Australia’s AMP said on Monday Blair Vernon will take over from Peter Fredricson as its chief financial officer and will dissolve the structure of its local wealth management arm in a bid to simplify its operational model. Shares of the 174-year-old wealth manager traded 1.4% higher as at 0224 GMT, marking their second…
SEOUL (Reuters) – North Korea’s ruling party will hold a key meeting in early June to review the country’s economic plans, state media KCNA reported on Monday. The meeting will review the implementation of the country’s national economic plans in the first half of 2023 and discuss “policy issues of weighty significance” in the development…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Optimism and relief are likely to be the dominant emotions for investors on Monday, giving markets in Asia a lift as lawmakers in Washington reached a tentative agreement on the U.S. debt ceiling, thus removing the risk of…
NEW DELHI (Reuters) – Prime Minister Narendra Modi inaugurated India’s new parliament building on Sunday, a modern complex which is part of his Hindu nationalist government’s grand plan to give a makeover to the British colonial-era architecture in the nation’s capital. The inauguration, and the ongoing revamp of the heart of New Delhi based on…
ISTANBUL (Reuters) – President Tayyip Erdogan led Turkey’s runoff election with 54.78% support based on Sunday’s initial results versus challenger Kemal Kilicdaroglu with 45.22%, with 67% of ballot boxes opened, according to data from the state-run Anadolu Agency. The gap between the two candidates was expected to narrow as more and larger ballot boxes are…
By David Lawder DETROIT (Reuters) -The United States is taking an analytical approach to its review of whether to keep tariffs on Chinese goods in place and will not base outcomes on any “breakthrough” in U.S.-China trade relations, Deputy U.S. Trade Representative Sarah Bianchi told Reuters. The Biden administration is not assuming any such breakthrough…
SEOUL (Reuters) – A South Korean court issued an arrest warrant on Sunday for a passenger who opened an Asiana Airlines plane door minutes before it landed in Daegu, South Korea, Yonhap News Agency reported. The man, in his thirties, was detained on landing on Friday after opening the door when the A321-200 plane was…
ISTANBUL (Reuters) – Turks began voting on Sunday in a presidential runoff that could see Tayyip Erdogan extend his rule into a third decade and persist with Turkey’s increasingly authoritarian path, muscular foreign policy and unorthodox economic governance. Erdogan, 69, defied opinion polls and came out comfortably ahead with an almost five-point lead over his…
