China’s AgBank posts 5.5% H1 profit rise

SHANGHAI: Farming Bank of China and taiwan (AgBank), the country’s third-largest commercial loan provider by assets, stated net profit increased 5. 5 per cent year on year in the first 1 / 2 of 2022. Profit was 128. 9 billion yuan (US$18. 63 billion) in the 6 months through toContinue Reading

Sri Lanka’s president to cut spending in interim budget

COLOMBO: Sri Lanka’s president is placed to slash expenses when he offers an interim spending budget on Tuesday (Aug 30) to see the crisis-ridden country through the rest of the year, amid discussions using the International Monetary Finance on the bailout package. The tourism-dependent nation of 22 million is facingContinue Reading

China’s Sinopec expects flat refinery output in H2

SINGAPORE: Cina Petroleum and Chemical substance Corp said upon Monday (Aug 29) it expects second-half refinery throughput to become flat versus the initial half with yearly processing volume regarding 2022 down 6 per cent versus 2021, after the country’s COVID-19 measures hit gasoline demand at home. The company, better knownContinue Reading