
South Korea's KOSPO seeks LNG cargo for July delivery
KOSPO is seeking the cargo on a JKM-linked basis to be delivered on July 4-5. It is to be delivered on a delivered ex-ship (DES) basis to one of the Kogas-operated terminals in Incheon, Pyeongtaek, Tongyeong or Samcheok in Korea.
Bangladesh's RPGCL seeks LNG cargo for Dec delivery
The JKM, or the Japan-Korea-Marker, is the LNG benchmark price assessment for spot physical cargoes in Asia.
The tender closes on May 26.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
3 hours ago
- Business Recorder
Yen advances broadly; dollar falls
NEW YORK: The yen rose across the board on Monday after Japan's ruling coalition lost its majority in the upper house, suggesting the result was mostly priced in, while investors braced for market disquiet ahead of a deadline on US tariff negotiations. Japanese markets were closed for a public holiday, leaving the yen as the main indicator of possible investor angst. In midmorning trading, the Japanese currency gained 0.9% to 147.52 per dollar, although not far off from the 3-1/2-month low of 149.19 hit last week as investors fretted about Japan's political and fiscal outlook. It also nudged 0.5% higher against the euro to 172.05 and against sterling to 198.60, up 0.4%. Prime Minister Shigeru Ishiba's Liberal Democratic Party returned 47 seats, short of the 50 it needed to ensure a majority in Japan's 248-seat upper chamber, where half the seats were up for grabs. Ishiba vowed to stay on in his role even as some of his own party discussed his future and the opposition weighed a no-confidence motion. 'Since Tokyo markets were closed for Marine day today, we have to see what happens tomorrow: how the markets respond,' said Marc Chandler, chief market strategist, at Bannockburn Forex in New York. 'I know some people are saying that with the LDP party losing its majority, this could mean a shift in policy, but I don't see it. I think people were just caught leading the wrong way on dollar/yen thinking that the election outcome was going to be a negative for the yen.' The election result, while not entirely a shock to markets, also comes at a tricky time for a country trying to get a tariff deal with US President Donald Trump before an August 1 deadline. 'Japan's political picture has become more complicated, with investors also focusing on the US-Japan tariff row,' said Roberto Mialich, global FX strategist at UniCredit. The increased political fragility is likely to constrain the Bank of Japan's ability to tighten monetary policy in the near term, said David Chao, global market strategist for Asia Pacific at Invesco. 'It may be reluctant to add further pressure to an already volatile landscape.' The euro was up 0.4% at $1.1681, while sterling last fetched $1.3488, up 0.6%. The dollar index, which measures the US currency against six others, was down 0.5% at 97.969. The European Central Bank is due to meet this week and is expected to hold rates steady after a string of cuts, while investor attention has been on whether the Federal Reserve succumbs to pressure from Trump to cut interest rates. 'We doubt ECB President Christine Lagarde will shake things up too much ahead of the central bank's summer break, although there may be some continued concerns over recent euro strength and particularly the direction of tariffs,' said Chris Turner, ING's global head of markets.


Business Recorder
10 hours ago
- Business Recorder
Sunridge raises Rs2bn via Pakistan's first agri-infrastructure sukuk
KARACHI: Sunridge Foods, a food processing company, has launched Pakistan's first fully subscribed agri-infrastructure sukuk, raising Rs2 billion in debt financing at the Pakistan Stock Exchange (PSX) on Monday. The sukuk issuance was arranged by BankIslami Pakistan with a 100% credit guarantee provided by InfraZamin Pakistan. Pakistan's real effective exchange rate hits 21-month low in June 2025 In a press statement, the company elaborated that the funds would be utilised to advance the company's balancing, modernisation, and replacement (BMR) projects, focused on upgrading production facilities with sustainable and energy-efficient technologies. 'Key components of the BMR include the installation of 1 MW wind turbines and a 0.5 MW solar power plant to bolster Sunridge's renewable energy efforts, alongside the construction of new silos and warehouses to substantially expand agricultural produce storage capacity. 'Additionally, the proceeds will provide working capital support for Sunridge's critical wheat and rice processing plants in Karachi and Lahore, facilitating increased production of essential staple food items,' the statement read. The sukuk issuance was led by BankIslami Pakistan Limited as the mandated lead arranger, fully subscribed by institutional investors. It was backed by a 100% principal credit guarantee from InfraZamin Pakistan and carried a long-term AAA rating assigned by VIS Credit Rating Company. 'This represents a pioneering step towards sustainable financing via capital markets in the country's agricultural sector.' The sukuk also involved AKD Securities as financial advisor, Al-Hilal Shariah Advisors as Shariah-compliance experts, and Pak Brunei Investment Company Limited as investment agent and trustee ensures robust governance and protection of the interests of sukuk holders under a Shariah-compliant framework. Deputy British High Commissioner Lance Domm hailed the sukuk as a milestone in expanding climate-friendly, Shariah-compliant finance in Pakistan's agri-infrastructure sector, believing it would make economic growth sustainable. 'The UK, through its support to InfraZamin and other financial institutions, remains committed to strengthening Pakistan's financial ecosystem,' he said. InfraZamin Pakistan CEO Maheen Rahman said the credit guarantee strengthened investor trust and unlocks capital for sustainable agriculture. Budgetary requirements: Ijara Sukuk funding to help govt save Rs32bn per year Sunridge Foods chairman Amir Shahzad noted the Sukuk would modernise production, boost renewable energy, and expand storage of essential food staples. BankIslami Pakistan president and CEO Rizwan Ata emphasised the importance of Shariah-compliant finance in driving sustainable economic growth. PSX chairperson Shamshad Akhtar praised the initiative as a bold, private-sector-led response to climate and food insecurity. PSX CEO Farrukh Subzwari reaffirmed the exchange's role in supporting purposeful, collaborative solutions that mobilise capital for national priorities and long-term sustainability.


Express Tribune
16 hours ago
- Express Tribune
Hugo Ekitike contract at Liverpool revealed: Find out how much new striker will earn as Liverpool agree £79 million transfer with Eintracht Frankfurt
Liverpool have reached an agreement with Eintracht Frankfurt for the transfer of striker Hugo Ekitike, in a deal reportedly worth £69 million. The 23-year-old French forward is set to undergo a medical in the UK on Tuesday before finalising his move to Anfield. The transfer, which includes £10 million in add-ons, could rise to a total of £79 million, according to The Athletic's David Ornstein. 🚨 Liverpool reach agreement with Eintracht Frankfurt to sign Hugo Ekitike. £79m (£69m fixed, £10m bonuses based on success for #LFC & 23yo forward). Below €95m+ #SGE targeted. 6yr contract. Medical then join tour. W/ @SebSB @JamesPearceLFC @TheAthleticFC — David Ornstein (@David_Ornstein) July 21, 2025 Ekitike is expected to sign a six-year contract with the Premier League club and join Liverpool's Asia tour later this week. Ekitike's potential move comes after Newcastle had a £70 million bid for the player rejected earlier this month. Meanwhile, Liverpool have also shown interest in Alexander Isak, a striker currently at Newcastle. The French forward impressed last season, netting 15 goals in 31 appearances as Eintracht Frankfurt secured a third-place finish in the Bundesliga. Ekitike is reportedly set to earn a wage between £10 million to £12 million gross, as per sports journalist Abdella Boulma. Should Hugo Ekitike sign for Liverpool, he's expected to agree to a six-year contract, earning between €12M and €13M gross annually. An agreement between Liverpool and Frankfurt has yet to be finalized #LFC #SGE — Abdellah Boulma (@AbdellahBoulma) July 17, 2025 With this transfer, Liverpool's spending this summer is set to exceed £250 million. The club had already signed Florian Wirtz for a potential British record fee of £116 million, alongside defenders Milos Kerkez and Jeremie Frimpong for a combined £70 million.