The Sydney Fish Market (SFM), responding to reports it was confronting an $8m loss for 2023-24 and had allegedly brought in insolvency experts, stated bluntly it remained a viable business, NewsWire.com reported. “Sydney Fish Market refutes claims that it is close to insolvency,” according to an SFM spokeswoman. “It is taking longer than anticipated to finalise our financial report, due to extenuating circumstances related to the once in a generation transition to the new Sydney Fish Market. “We are finalising the financial report with the appropriate level of due diligence.
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Resources Per Country
- Afghanistan
- Armenia
- Australia
- Azerbaijan
- Bangladesh
- Brunei
- Cambodia
- China
- Cook Islands
- Cyprus
- Fiji
- Georgia
- Hong Kong
- India
- Indonesia
- Japan
- Kazakhstan
- Kyrgyzstan
- Laos
- Macau
- Malaysia
- Maldives
- Micronesia
- Mongolia
- Myanmar
- Nepal
- New Zealand
- North Korea
- Pakistan
- Papua New Guinea
- Philippines
- Singapore
- South Korea
- Sri Lanka
- Taiwan
- Tajikistan
- Thailand
- Turkey
- Uzbekistan
- Vanuatu
- Vietnam
Greentown China Holdings Ltd. priced a $350 million bond to refinance offshore debt, the first dollar note sold by a major Chinese property firm since 2023, Bloomberg News reported. The state-backed company is issuing the three-year note, callable after two, at a yield of 8.45%, according to a person familiar with the matter who asked not to be identified. That’s 40 basis points tighter than initial price guidance. Greentown earlier Thursday unveiled an offer to repurchase two dollar bonds maturing later this year that are trading near par.
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The Philippine central bank surprised markets by keeping its policy rate on hold, pausing its easing cycle due to what it said was a significant rise in global uncertainty, particularly over trade policy, the Wall Street Journal reported. Bangko Sentral ng Pilipinas maintained its benchmark overnight reverse repurchase rate at 5.75%, Gov. Eli Remolona said Thursday. It also held its benchmark lending rate steady at 6.25%. Risks and uncertainty to the global outlook justify keeping rates on hold now, the central bank governor said.
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Indonesia is seeking to diversify its markets as global protectionism intensifies, while also taking steps to defend its local manufacturers, Deputy Trade Minister Dyah Roro Esti Widya Putri said, Bloomberg News reported. “Trump’s statements on tariffs are quite shocking in a lot of ways, but we think Indonesia could maximize its market potential if the US imposes tariffs on Chinese goods,” Roro said in an interview in Jakarta late Wednesday.
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The pace of gains in Japan’s corporate goods prices accelerated last month to the fastest clip in 19 months, keeping the Bank of Japan on track for further interest rate hikes, Bloomberg News reported. The measure of input prices for Japanese firms rose 4.2% in January from a year earlier, the BOJ reported Thursday. The gain, led by agricultural products such as rice, was bigger than the consensus estimate of 4% and compared with a revised 3.9% advance a month earlier.
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Chinese authorities are working on a proposal to help China Vanke Co. plug a funding gap of about 50 billion yuan ($6.8 billion) this year, according to people familiar with the matter, highlighting the government’s support for the distressed developer, Bloomberg News reported. Under the plan, regulators would allocate 20 billion yuan of special local government bond quota for the purchase of unsold properties and vacant land from Vanke, said the people, asking not to be identified discussing private information.
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Japan’s financial regulator urged the country’s regional banks to pay closer attention to the risks of investing in so-called repackaged government bonds, Bloomberg News reported. At a regular meeting with regional bank heads on Wednesday, a senior official at the Financial Services Agency told lenders that they should make sure they have proper risk management in place for the financial instruments.
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Tokyo has asked the U.S. government to exempt Japanese firms from U.S. President Donald Trump’s newly announced 25% tariffs on steel and aluminum, the Japan Times reported. “We have requested the U.S. government to exclude Japan from the scope of these measures,” Chief Cabinet Secretary Yoshimasa Hayashi said during a news conference Wednesday, adding that the request was made by the Japanese Embassy in Washington via diplomatic channels.
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Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect, Bloomberg News reported. Speaking on the sidelines of India’s flagship energy gathering in Delhi, executives said the existing networks were being reconfigured with selling entities, tankers and insurance providers that are not on Washington’s blacklist.
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