Indonesia’s move to control coal prices faces Chinese pushback

Indonesia’s move to control coal prices faces Chinese pushback

THE Indonesian government’s plan to regulate the price of coal exports is facing pushback from its largest customer, as firms in China baulk at paying higher costs as other suppliers lower their rates. Indonesian Energy Minister Bahlil Lahadalia this week issued a regulation forcing coal exporters from March 1 to use the official pricing standard,…

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China’s Chery Automobile applies for Hong Kong IPO

China’s Chery Automobile applies for Hong Kong IPO

CHINA’S Chery Automobile has applied for an initial public offering (IPO) in Hong Kong, seeking funds to develop new vehicles and technologies as well as to expand in global markets and improve domestic production facilities. Its filing with the Hong Kong stock exchange did not detail the size of the IPO or when a listing…

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Daiwa House Logistics Trust H2 DPU Drops 10.3% to S$0.0234 

Daiwa House Logistics Trust H2 DPU Drops 10.3% to Salt=

The manager of Daiwa House Logistics Trust on Friday (Feb 28) posted a distribution per unit (DPU) of S$0.0234 for its second half ended Dec 31, down 10.3 per cent from S$0.0261 in the previous corresponding period.  Its H2 distributable income stood at S$16.4 million, down 10 per cent from S$18.2 million in FY2023.  Its…

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