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JAKARTA: Indonesia's chief economic minister, Airlangga Hartarto, said on Wednesday the government plans to increase palm oil export levies to support expansion of its palm biodiesel programme.
NEW DELHI: Indian refiners of edible oils urged the government on Tuesday to stop issuing import licenses for palmolein to help avoid a crash in domestic prices of rapeseed.
SINGAPORE: Banks are suspending the credit lines for some Chinese independent oil refineries amid rising concerns about overall industrial defaults and as the coronavirus outbreak has eaten into the processors’ fuel sales.
SEOUL: South Korea warned its fragile economic recovery is under threat from the coronavirus that has spread dramatically across the country over the past week, and pledged action to minimise the fallout. The country’s currency and the main stock index plunged.
PETALING JAYA: The policies under the recently announced National Automotive Policy 2020 (NAP 2020) are unlikely to boost vehicle sales this year, with most analysts maintaining their forecasts for 2020.
DAMIETTA, Egypt (Reuters) - Egypt has built a multi-billion-pound "furniture city" near the mouth of the Nile, a pilot for a series of industry mega-hubs it wants to throw up across the nation, but it could face a struggle to populate it.
SEOUL: South Korea warned its fragile economic recovery is under threat from the coronavirus that has spread dramatically across the country over the past week, and pledged action to minimise the fallout.
President Donald Trump anticipates a hero’s welcome in India on Monday (Feb 24), but the glitzy events filling his two-day visit with Prime Minister Narendra Modi will paper over growing trade frictions. The visit is intended to strengthen the personal relationship between Trump and Modi, a fellow nationalist whose country is regarded by the US as an important regional counterweight against China.
HONG KONG/SINGAPORE/JAKARTA: A Hong Kong watch maker who can’t get coils or wheels. New Zealand lobsters released back into the wild. A San Diego game studio facing delays to its latest fantasy board games. The coronavirus outbreak that has hobbled China’s economy is increasingly ricocheting through the world economy and supply chains.