Insatiable global meat appetite leaves Thai farmland scarred

7 hours ago

Thailand is the world's largest exporter of processed chicken, with conglomerates like CP Foods leading global supply chains. Much of the maize grown here is used for animal feed.

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CNA

a few seconds ago

Art attracting investors in Hong Kong

Hong Kong's stock market has regained ground but remains well below pre-pandemic levels. Market volatility, combined with global uncertainty and the US–China trade war, has turned art into a rare bright spot, attracting a new wave of investors seeking alternative assets. CNA's May Wong reports.

Indonesia's central bank cuts interest rates

CNA

31 minutes ago

Indonesia's central bank cuts interest rates

Indonesia's central bank has cut interest rates again in a surprise move, stepping up support for Southeast Asia's largest economy. Bank Indonesia trimmed its benchmark seven-day reverse repurchase rate by 25 basis points to five per cent. Saifulbahri Ismail reports.

Indian miner Vedanta's demerger faces government pushback, CNBC-TV18 reports

CNA

an hour ago

Indian miner Vedanta's demerger faces government pushback, CNBC-TV18 reports

The Indian government has objected to miner Vedanta's planned split into four new companies, arguing that the demerger could hinder its ability to recover dues from the company, news channel CNBC-TV18 reported on Wednesday. At a hearing conducted by the National Company Law Tribunal, the Indian government alleged that Vedanta modified the demerger scheme after securing a no objection certificate from the Securities and Exchange Board of India, CNBC said. The NCLT is a quasi-judicial body that adjudicates matters related to companies. Reuters could not immediately verify the court proceedings. Vedanta, in a statement, said that it had filed a detailed response to the government but did not share specifics. The ministry of mining and petroleum and natural gas did not respond to a Reuters request for comment. None of them have specified the amount being claimed. Vedanta said it has informed the tribunal that it will issue a corporate guarantee for its unit in favour of the Ministry of Petroleum and Natural Gas about the recovery of the dues in question. The oils-to-metals conglomerate had said in December that it would split into four new listed entities while remaining listed as a main company, scrapping an earlier plan to break up into six separate businesses. The government, through its legal representative, has alleged concealment and non-disclosure of key information related to the demerger, CNBC-TV18 reported. It also said that there was concealment and non-disclosure of key details, "inflated revenues" and "concealed liabilities," according to the report. Vedanta had said earlier this month it received a warning letter from SEBI citing certain non-compliances but did not address government's allegations in its statement. The NCLT has deferred the next hearing to September 17, the news channel added.