January, 2020

• 22 January

  China will keep buying our palm oil: Malaysia

  

  Bloomberg Malaysia is unlikely to suffer any loss in its palm oil business from China, despite Beijing pledging to boost soybean purchases from US amid the trade war, according to the Southeast Asian nation’s trade chief. “I don’t think so,” Malaysia’s Minister of International Trade and Industry Darell Leiking said on Wednesday in a Bloomberg Television interview with Haslinda Amin ...

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• 22 January

  Thailand’s budget faces further delay

  Bloomberg Thailand’s annual budget faces a further delay after an irregularity emerged in the parliamentary vote that was supposed to approve it, signalling yet another obstacle for a struggling economy. The Constitutional Court will now assess whether the vote in the lower chamber was valid following a request for a ruling from 90 lawmakers, Government Chief Whip Wirat Rattanaset said ...

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• 22 January

  Indonesia parliamentarians to prioritise jobs, tax, capital bills

  

  Bloomberg Indonesian lawmakers agreed to prioritise bills related to jobs, taxation and the relocation of the capital, key to president Joko Widodo’s efforts to boost investment, accelerate growth in Southeast Asia’s largest economy. The three omnibus bills are among the 50 priority legislation for debate and approval this year, Deputy Speaker Muhaimin Iskandar told a plenary session of the parliament ...

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• 22 January

  Ghosn predicted Nissan will go bankrupt by 2022: Lawyer

  

  Bloomberg Nissan Motor Co will go bankrupt within two to three years, Carlos Ghosn told a defense attorney during more than 10 hours of interviews before the auto executive skipped bail and left Japan. The former chairman and chief executive officer of Nissan Motor Co and Renault SA made the prediction last year in a series of conversations about his ...

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• 22 January

  Temasek, EQT form $500mn India renewable energy venture

  

  Bloomberg Singapore’s Temasek Holdings Pte and Swedish private equity firm EQT AB have formed a $500 million venture that will invest in solar and wind power generators across India. The O2 Power renewable energy platform, first reported by The Economic Times in November, will draw down on the funds over several years as it finds suitable deals, Temasek and EQT ...

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• 22 January

  Lebanon gets new government after three months of protest

  

  Bloomberg Lebanon unveiled a new cabinet lineup, some three months after mass protests against entrenched corruption brought down the government and shook the economy. The incoming team of 20, led by former education minister Hassan Diab, will have to act fast to address the country’s worst financial and economic crisis in decades. Tens of thousands of people have taken to ...

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• 22 January

  Trump downplays US troops’ injuries in Iran missile attack

  

  Bloomberg President Donald Trump acknowledged that Americans were hurt in an Iranian missile barrage to retaliate for the US killing of a top general, and said the injuries were “not very serious.” “I heard they had headaches,” Trump told reporters on Wednesday during a press conference at the conclusion of a two-day trip to the World Economic Forum in Davos, ...

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• 22 January

  ‘Xi isn’t tightening China’s grip on HK’

  

  Bloomberg Chinese President Xi Jinping offered personal assurances that he wouldn’t use protests in Hong Kong as an excuse to increase Beijing’s control over the city, Chief Executive Carrie Lam said, as she used a World Economic Forum visit to try and reassure global investors. Speaking to Bloomberg Television in Davos, Lam pushed back against protesters who say China is ...

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• 22 January

  Di Maio quits as Five Star chief, fuelling talk of vote

  

  Bloomberg Italy’s Luigi Di Maio resigned as leader of the anti-establishment Five Star Movement, as his fading populist party faced the prospect of being thrashed in regional elections this weekend. The 33-year-old Di Maio told a meeting of Five Star ministers that he’s stepping down from his party job, but plans to stay on as foreign minister at a meeting ...

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• 22 January

  Trump notches wins to fuel re-election before trial

  

  Bloomberg Donald Trump has kicked off the 2020 election year with a string of key foreign policy and economic wins that his campaign hopes will overshadow — and outlast — the political fallout from his historic impeachment. As the Senate began his impeachment trial in Washington, Trump tried to pull the spotlight to Davos, Switzerland, where he touted his record ...

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