Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Strong property market, Singapore’s reopening fuel higher land betterment charge rates

SINGAPORE – Land betterment charge (LBC) rates have been raised for residential, commercial and industrial use for the next six months from Friday, with the rates for non-landed residential use seeing the biggest increase due to a robust property market as well as healthy bids for state-owned land and collective sale sites. Developers pay a LBC […]

‘Climate penalty’: WMO warns heatwaves will worsen air quality

A firefighter watches as a wildfire burns in a hillside, Sept 6, 2022, near Hemet, California. (RINGO H.W. CHIU / AP) GENEVA – Severe, long-lasting heatwaves and more frequent wildfires could lead to even worse air quality, an additional "climate penalty" for hundreds of millions of people, World Meteorological Organization (WMO) warned on Wednesday. According […]

Japan economy rebounds from Covid-19 jolt but global slowdown clouds outlook

TOKYO (REUTERS) – Japan’s economy expanded for the third straight quarter on solid private consumption, data for April-June showed on Monday (Aug 15), a sign the country was finally staging a much-delayed recovery from a Covid-induced downturn. But the outlook remains uncertain due to a resurgence in Covid-19 infections, slowing global growth, supply constraints and […]

Mitsubishi Heavy Industries Achieves 22% YoY Increase in Order Intake and 52% YoY Increase in Net Profit in a Challenging First Quarter

TOKYO, Aug 5, 2022 – (JCN Newswire via – Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 22.3% year-over-year to YEN917.8 billion in the quarter ended June 30, 2022. Revenue rose 2.3% to YEN871.3 billion year-over-year, resulting in business profit(1) of YEN14.9 billion, a 30.4% decrease from the previous fiscal year, […]