Asia Business

Egypt's top cigarette maker raises prices

15/08 Egypt's top cigarette maker, Eastern Tobacco Company, said on Thursday it had raised prices of some of its cigarettes by 4.5% to 6%, citing higher labour costs.  Full story

Kuwait sovereign fund in portfolio shift on signs of global economic weakness -report

10h45 The Kuwait Investment Authority (KIA) began increasing its exposure to bonds and cash two years ago to boost liquidity in its portfolio as the global economy showed signs of weakness, Kuwaiti newspaper Alqabas reported. . .  Full story

Banks push Saudi, Abu Dhabi lower; Industries Qatar rebounds

09h31 Weakness in banking shares pushed indexes in Saudi Arabia and Abu Dhabi lower in early trade on Sunday, while Qatari stocks rebounded on demand for Industries Qatar, which bounced back after sharp losses this. . .  Full story

Several injured in Kashmir in clashes with Indian police

17/08 Indian security forces injured at least six people on Saturday in Srinagar, the main city in the Indian-controlled part of Kashmir, as several protests broke out against New Delhi's revocation of the region's autonomy last. . .  Full story

India says probing jump in refined palm oil imports from Malaysia

17/08 India has initiated a probe into whether a jump in refined palm oil shipments from Malaysia is causing serious injury to domestic industry, the trade ministry's investigative arm said in a statement.. . .  Full story

China unveils rate reform to steer funding costs lower for firms

17/08 China's central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with the. . .  Full story

Canada awards multi-billion contract to General Dynamics as election looms

16/08 Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election.. . .  Full story

Asia Gold-High prices dent buying, silver remains attractive

16/08 High prices prompted Asian consumers to sell back physical gold this week to lock in profits, though price dips still attracted buying as economic jitters burnished the metal's appeal as a haven from risk.. . .  Full story

To spur consumption, China preps plan to boost disposable income by 2020

16/08 China's state planner said on Friday it would roll out a plan to boost disposable income this year and in 2020 to spur private consumption, a major plank in the world's second-biggest economy.. . .  Full story

Turkish growth outlook worsens as industrial output falls more than expected in June

16/08 Turkish industrial production fell for the tenth consecutive month in June, data showed on Friday, offering few signs of a pick-up in economic growth as domestic demand remains weak after last year's currency crisis.. . .  Full story

SE Asia Stocks-Thailand gains on stimulus boost, Singapore wilts on bleak data

16/08 Thai shares gained on Friday, in line with broader Asian peers, as the local government hinted plans of an economic stimulus shortly after China prepped plans to boost its disposable income, while the Singapore. . .  Full story

China-owned oil tanker changes name in apparent effort to evade U.S. sanctions

16/08 While in the Indian Ocean heading toward the Strait of Malacca, the very large crude carrier (VLCC) Pacific Bravo went dark on June 5, shutting off the transponder that signals its position and direction to. . .  Full story

China says pig herd shrinks by 32% in July amid swine fever outbreak

16/08 China's pig herd shrank by 32.2% in July from the same month a year ago, its agriculture ministry said on Thursday, as African swine fever continues to spread through the country.. . .  Full story

Taiwan raises 2019 growth outlook, sees faster pace next year

16/08 Taiwan raised its 2019 economic growth forecast on Friday, with prospects lifted by more factories moving production to the island from China despite worries about slowing technology demand and the Sino-U.S. trade war.. . .  Full story

Hong Kong on brink of recession as trade war, political protests escalate

16/08 Hong Kong is on the verge of its first recession in a decade as increasingly violent anti-government protests scare off tourists and bite into retail sales in one of the world's most popular shopping. . .  Full story

Russia's oil output rises to 11.32 mln bpd in Aug - Ifax

16/08 Oil production in Russia rose to an average 11.32 million barrels per day (bpd) in the first half of August, Interfax news agency reported on Friday, citing a source.. . .  Full story

Vietnam to revise how it measures GDP to match intl' norms

16/08 Vietnam is revising the way it measures gross domestic product to meet international norms and better reflect the real size and structure of the economy, the government said on Friday.. . .  Full story

China's Jan-July fiscal revenues up 3.1% y/y

16/08 China's fiscal revenues in the first seven months of the year rose 3.1% from a year earlier, the Ministry of Finance said on Friday.. . .  Full story

China court puts Fanya exchange's rare earth stock up for auction

16/08 The Chinese court auctioning off inventory formerly held by the now-defunct Fanya Metal Exchange has put two batches of rare earths, with a market value of around $41.5 million, up for sale on Aug.. . .  Full story

ANZ slashes forecast for India's GDP growth in 2019/20 to 6.2%

16/08 The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India's economic growth to 6.2% in the financial year ending next March from a previous estimate of 6.5%, warning it would be. . .  Full story

China's LNG import terminals and storage facilities

16/08 Chinese city-gas distributor Shenzhen Gas will launch next week in southern China its first fully-owned terminal to import liquefied natural gas (LNG), a company executive told Reuters on Friday.. . .  Full story

Foreigners stepped up selling in Japanese stocks in week ending Aug 9

16/08 Foreigners were net sellers of Japanese stocks for a second straight week in the week ended Aug. 9 on renewed worries over the Sino-U.S. trade war, after the announcement of fresh U.S. tariffs on. . .  Full story

China stocks end week higher, bolstered by consumer gains

16/08 China stocks closed up on Friday to end the week higher, aided by gains for consumer firms, as Beijing moves to boost consumption further to tackle slowing economic growth.. . .  Full story

Indonesia president proposes to move capital to Borneo

16/08 Indonesia's president on Friday proposed to move the capital from Jakarta, a crowded, polluted city of 10 million people, to the island of Borneo, though he left Indonesians guessing as to the exact location.. . .  Full story

Ping An Insurance says Hong Kong important hub despite mass protests

16/08 Ping An Insurance (Group) Co of China, the country's largest insurer by market value, said on Friday Hong Kong remains an important hub despite escalating mass protests, a day after it posted its strongest half-year. . .  Full story

Japanese shares edge up as Hong Kong, China markets stabilise

16/08 Japanese shares edged up Friday after markets in China and Hong Kong found some stability amid ongoing unrest in Hong Kong, but the gains were limited by nagging fears of a global economic slowdown.. . .  Full story

China cenbank's maturing bills, repos next week

16/08 Maturing Chinese central bank reverse bond repurchase agreements will drain 300 billion yuan ($42.63 billion) next week. The People's Bank of China (PBOC) has drained 540 billion yuan on a net. . .  Full story

China cenbank weekly open market operations at a glance; PBOC drains 540 bln yuan YTD

16/08 The People's Bank of China (PBOC) has drained 540 billion yuan ($76.75 billion) on a net basis from money markets via open market operations (OMOs) so far this year.. . .  Full story

Thailand targeting GDP growth of at least 3% this year - gov't official

16/08 Thailand aims for economic growth of at least 3% this year and 3.5% next year, a government official said on Friday, after it announced a multi-billion dollar plan to shore up faltering activity.. . .  Full story

Indonesia president vows to process more resources onshore

16/08 Indonesia should do more to develop downstream industries to process natural and mineral resources domestically, bolstering Southeast Asia's largest economy, President Joko Widodo said in his state of the union address to parliament on Friday.. . .  Full story

JGB rally stalls as risk aversion lessens

16/08 Japanese government bond prices were flat to a touch lower on Friday, with the safe-haven debt market's rally stalling as risk aversion in the broader markets ebbed, allowing equities to bounce back.. . .  Full story

China, Hong Kong stocks climb on gains in consumer sector

16/08 China and Hong Kong stocks extended their rally on Friday, bolstered by gains in consumer names, as Beijing seeks to further boost consumption and shore up falling growth amid the trade war.. . .  Full story

Indonesia president formally proposes relocating capital to Borneo

16/08 Indonesian President Joko Widodo on Friday formally proposed to parliament a plan to move the country's capital from Jakarta, on the crowded island of Java, to Kalimantan on the island of Borneo.. . .  Full story

Vietnam aims to sell stakes in nearly 100 state firms by end of 2020

16/08 Vietnam plans to speed up its privatisation programme by selling stakes in nearly 100 state-owned firms by the end of 2020, including Agribank, the government said late on Thursday.. . .  Full story

Japanese shares extend losses on lingering growth fears

16/08 Japanese shares extended their losses on Friday morning as global recession worries offset much of the relief stemming from an overnight rebound in Wall Street stocks.. . .  Full story

Singapore July exports shrink for fifth straight month

16/08 Singapore's exports in July shrank for the fifth straight month, though the slump was slightly less severe than forecast, official data showed on Friday.. . .  Full story

SoftBank convertible note helped cut WeWork losses

16/08 Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made. . .  Full story

Thai central bank eases housing loan rules

15/08 Thailand's central bank relaxed mortgage lending rules slightly on Thursday to help some borrowers hit by tighter regulations introduced in April.. . .  Full story

SE Asia Stocks-Most end lower as global risk aversion mounts

15/08 Most Southeast Asian stock markets ended lower on Thursday, tracking a global downturn in equities as an inversion in the U.S. bond yield curve triggered recession fears, while the Vietnam index closed at its. . .  Full story

Turkey's seasonally adjusted jobless rate hits highest on record

15/08 Turkey's seasonally adjusted unemployment rate climbed to its highest level on record, statistical data showed on Thursday, despite a slight fall in the April-June headline figures.. . .  Full story

Modest gains in China's new home prices give authorities breathing room

15/08 China's new home prices rose in July as the property sector held up as one of the few bright spots in the slowing economy, although easing momentum in some markets took immediate pressure off. . .  Full story

Japan's construction plans for new coal-fired power stations

15/08 Japanese companies have cancelled plans to build about 4,800 megawatts (MW) of coal-fired power generation capacity since 2017, according to a Reuters survey. Nevertheless the country still plans a wave. . .  Full story

Thailand to ban pig imports from Myanmar over African swine fever

15/08 Thailand will ban the import of pigs from Myanmar for 90 days, the country's livestock department told Reuters on Thursday, after the neighboring country confirmed its first case of the African swine fever this week.. . .  Full story

Hong Kong stocks reverse course, aided by mainland money

15/08 Hong Kong stocks staged a reversal on Thursday, bouncing back from a seven-month low, as mainland investors hunted for bargains through the Stock Connect.. . .  Full story

Ex-regulatory exec to head Tianjin bank as China steps up governance

15/08 A former senior official at a Chinese financial regulator has been named chairman of Tianjin Rural Commercial Bank, the lender said, as more government officials take top roles at regional lenders to improve corporate governance.. . .  Full story

China shares bounce back as tech stocks gain

15/08 China shares reversed course to end higher on Thursday, led by technology stocks, as Beijing pushed to seek technological independence amid a bruising Sino-U.S. trade war.. . .  Full story

China Jan-July non-financial ODI up 3.3% in yuan terms - commerce ministry

15/08 China's non-financial outbound direct investment (ODI) in January-July rose 3.3% from a year earlier to 432.92 billion yuan ($61.71 billion), the commerce ministry said on Thursday.. . .  Full story

Indonesia plans 'surprises' in easing foreign ownership caps -investment chief

15/08 Indonesia will unveil plans for increasing how much foreign investors can own of businesses in some sectors by year-end, the head of the country's investment board told Reuters.. . .  Full story

Japan's Nikkei hits 9-day low as recession fears grip markets

15/08 Japan's Nikkei hit a nine-day low on Thursday as resurgent global recession fears triggered a Wall Street slide and sent the safe-haven yen higher, weighing heavily on the country's export firms.. . .  Full story

China court to auction defunct metal exchange's entire antimony stock

15/08 A court in Southwest China is putting up for sale the entire inventory of the minor metal antimony that was held by the now-defunct Fanya Metal Exchange, as it tries to raise funds to. . .  Full story

JGB yields drop to 3-year lows as recession fears grip markets

15/08 Japanese government bond yields dropped to three-year lows on Thursday, as fears of a global recession gripped the broader markets following an inversion of the U.S. Treasury yield curve.. . .  Full story

China, Hong Kong stocks track global retreat as recession fears loom

15/08 China and Hong Kong stocks fell on Thursday, tracking a selloff on Wall Street, as an inverted U.S. bond yield curve intensified fears about a global recession.. . .  Full story

Indonesia swings to small trade deficit in July

15/08 Indonesia posted a smaller-than-expected trade deficit in July after two months of surpluses, data from the country's statistics bureau showed on Thursday.. . .  Full story

China property price changes in July

15/08 Following is a breakdown of average new home price changes in major Chinese cities in July, announced by the National Bureau of Statistics on Thursday. Home price figures published since. . .  Full story

Japanese shares drop after Wall Street takes a battering

15/08 Japanese shares slid to a nine-day low on Thursday morning as investor sentiment was battered by a big slide on Wall Street amid resurgent fears of a global recession.. . .  Full story

China injects 400 bln yuan via 1-yr MLF, with rate unchanged

15/08 China's central bank on Thursday lent 400 billion yuan ($56.90 billion) to financial institutions via its one-year medium-term lending facility (MLF), with the interest rate unchanged, it said in a statement.. . .  Full story

IL&FS may not have disclosed bad loans for years- central bank report

14/08 Indian shadow bank Infrastructure Leasing & Financial Services (IL&FS), which collapsed late last year, may not have disclosed bad loans on its books for years despite a big part of its loan book having. . .  Full story

India gets above-average monsoon rains for third straight week - weather office

14/08 Monsoon rains in India in the week through Wednesday were above average for a third straight week, the weather office said, easing concerns of drought, although excessive rainfall flooded many districts in the southern and. . .  Full story

India to test using LNG to power fishing boats

14/08 India is set to test using liquefied natural gas (LNG) to power fishing boats ahead of stricter international rules on marine fuel emissions next year, in a move that could help an under-used LNG. . .  Full story

HKEX trading fee drops as protests dent sentiment, but CEO hopeful of big IPOs

14/08 Hong Kong Exchanges and Clearing Ltd (HKEX) reported a 21% drop in trading fee for the first half of the year, as the Sino-U.S. trade war and political unrest in the Asian financial hub. . .  Full story

SE Asia Stocks-Most end firmer on Trump's trade concession; Indonesia leads

14/08 Most Southeast Asian stock markets ended higher on Wednesday, in line with global peers, after Washington delayed some tariffs on Chinese imports in much-needed relief for financial markets gripped in economic turmoil.. . .  Full story

S.Koreans protest, unveil memorial in 'comfort women' row with Japan

14/08 Thousands of South Koreans protested outside Japan's embassy in Seoul on Wednesday and city officials unveiled a new memorial to wartime 'comfort women' at the centre of a row over the two countries' shared. . .  Full story

China stocks end higher, bleak data curb gains

14/08 China stocks closed higher on Wednesday, following the tariffs reprieve from Washington, but gave up much of early gains as bleak data rekindled worries over the country's' economic health.. . .  Full story

Indonesia energy ministry says B30 passed cold temperature tests

14/08 Indonesia's Energy and Mineral Resources Ministry said biodiesel with 30% palm diesel blend passed a series of cold temperature tests this week as the government aim to increase the palm content in biodiesel early next. . .  Full story

China govt think tank presses for 2025 CO2 cap

14/08 An influential Chinese think tank is calling on the government to set absolute caps on climate-warming greenhouse gas to ensure the country is on course for emissions to peak by the end of the. . .  Full story

Japan's 'Matsukiyo' in merger talks to create drugstore giant

14/08 Japanese drugstore giant MatsumotoKiyoshi Holdings said it was starting talks to merge with rival Cocokara Fine Inc, possibly creating the country's biggest chain of discount pharmacies with nearly $10 billion in annual sales.. . .  Full story

Malaysia Q2 GDP growth pace seen picking up, bucking regional trend

14/08 Malaysia's economic growth pace rose in the second quarter, helped by slightly stronger exports and manufacturing, a Reuters poll showed.. . .  Full story

Malaysia's July CPI up 1.4% y/y, slightly below forecast

14/08 Malaysia's consumer price index rose 1.4% in July from a year earlier, a bit slower than the previous month, government data showed on Wednesday.. . .  Full story

China's July steel output eases on environmental curbs, shrinking margins

14/08 China's monthly crude steel output fell for a second straight month in July, official data showed on Wednesday, as steel mills trimmed output amid heightened environmental measures and record raw material prices.. . .  Full story

China July crude throughput climbs on-yr, but off record as glut weighs

14/08 China's July crude oil throughput rose 4% from a year earlier, official data showed on Wednesday, buoyed by improved refinery profit-margins and as new plants started production.. . .  Full story

China coal output falls in July, power generation rises

14/08 China's coal output fell in July from June's record production, official data showed on Wednesday, despite strong demand from electricity utilities to power air conditioners during the hot summer months.. . .  Full story

Japanese stocks rebound on Trump's tariff delay; Apple suppliers shine

14/08 Japanese stocks bounced on Wednesday, after Washington delayed tariffs on some Chinese imports in much-needed reprieve for markets, with chipmaking sectors and Apple-related firms enjoying the tailwind the most.. . .  Full story

China daily aluminium output slips in July as smelter closure offsets ramp-ups

14/08 China's primary aluminium output fell on a daily basis in July from the month before, according to Reuters calculations based on official data released on Wednesday, as the reported closure of a key smelter. . .  Full story

China's property investment slows in July as Beijing tightens curbs

14/08 China's property investment slowed to its weakest pace this year in a sign the housing market's resilience may be waning as Beijing toughens its crackdown on speculative investments and holds back on new stimulus.. . .  Full story

Japan, S.Korea vice foreign ministers to meet this week - Kyodo

14/08 Japanese and South Korean vice foreign ministers will meet this week to discuss the issue of forced World War Two labourers, Kyodo News reported on Wednesday, amid an escalating diplomatic and economic feud between the. . .  Full story

Japan's June machinery orders post biggest jump on record in relief for economy

14/08 Japan's core machinery orders unexpectedly rebounded in June to post their largest monthly expansion on record, in a sign corporate investment remains resilient to slowing global growth and international trade frictions.. . .  Full story

Breakdown of China's July industrial output

14/08 Following is a breakdown of China's industrial output for July, published by the National Bureau of Statistics on Wednesday. (Percent change from a year earlier, except for sales/output ratio):. . .  Full story

Breakdown of China's Jan-July fixed-asset investment

14/08 Following is a breakdown of China's fixed-asset investment for the year to date, published by the National Bureau of Statistics on Wednesday. (Percent change from a year earlier, year to date):. . .  Full story

India needs time to restore order in Kashmir -top court judge

13/08 Indian authorities need more time to restore order in Kashmir, a Supreme Court justice said on Tuesday as a security clampdown entered a ninth day since New Delhi revoked the region's special status, triggering protests.. . .  Full story

India July retail inflation stays low enough to allow a 5th rate cut

13/08 India's retail inflation rate eased slightly in July, staying below the central bank's 4% medium-term target for a 12th straight month, strengthening views that there will be a policy rate cut in October.. . .  Full story

Indonesia's president to decide whether ore export ban to be brought forward

13/08 Indonesia's President Joko Widodo will make the final decision on whether the country brings forward an export ban on mineral ore, the minister in charge of mining said on Tuesday.. . .  Full story

SE Asia Stocks-Drop on fragile global sentiment; Singapore cuts growth outlook

13/08 Southeast Asian stock markets ended lower on Tuesday, tracking global peers, with bellwether Singapore cutting its growth outlook as geopolitical tensions over Hong Kong protests and the Sino-U.S. trade dispute dented investor sentiment.. . .  Full story

Reliance shares see biggest intraday gain in a decade; rivals hit by disruption fears

13/08 Reliance Industries shares saw their biggest intraday rise in more than a decade on Tuesday, after the company set a target to reach zero net debt in 18 months and vowed to reward shareholders. . .  Full story

Indonesia needs $15 bln investment to meet geothermal target by 2025

13/08 Indonesia may require an estimated $15 billion in investment to meet its target of reaching 7.2 gigawatts (GW) of geothermal power capacity by 2025 and is studying ways to reduce project costs, an energy. . .  Full story

Hong Kong stocks hit 7-month low; protests disrupt airport operations

13/08 The Hong Kong stock market on Tuesday fell to its lowest level in over seven months, as escalating anti-government protests left the city's airport in a gridlock on Monday. ** At the close of trade,. . .  Full story

China stocks fall as bank lending disappoints; more easing expected

13/08 Chinese shares fell on Tuesday after data showed banks extended fewer-than-expected new loans in July. ** The Shanghai Composite index closed down 0.6% at 2,797.26, while the blue-chip CSI300 index ended 0.9% lower. ** CSI300's with financial. . .  Full story

Japan stocks slip to 1-week low on global political risks, firmer yen

13/08 Japanese shares shed more than 1% on Tuesday, the first trading day after a long weekend, hurt by fresh jitters about the U.S.-China trade war, turmoil in Hong Kong and a firmer yen that. . .  Full story

Malaysia end-July palm oil stocks slip to one year low- MPOB

13/08 Malaysian palm oil end-stocks fell unexpectedly in July, slipping to a one-year low, as exports outpaced forecasts and imports fell sharply from the previous month, industry regulator data showed on Tuesday.. . .  Full story

Indonesia seen returning to trade deficit in July

13/08 Indonesia is likely to have swung back to a trade deficit in July, which would snap a two-month streak of trade surplus, as the country's exports and imports are seen plunging amid broader weakness. . .  Full story

Singapore slashes 2019 growth forecast stoking recession fears

13/08 Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting fears of recession in the city-state.. . .  Full story

China stocks falter as bank lending falls; Hong Kong drags

13/08 Shares in mainland China fell on Tuesday after data showed banks gave out fewer new loans than expected in July to support slowing economic growth, while escalating protests in Hong Kong dampened sentiment.. . .  Full story

Japan stocks slip to 1-week low on firmer yen, trade war worries

13/08 Japanese shares shed more than 1% on Tuesday on the first trading day after a long weekend, as a firmer yen and fresh worries about the escalating U.S.-China trade war hit cyclical and exporter. . .  Full story

India's crude oil imports are lacklustre, joining coal, LNG: Russell

13/08 India's imports of crude oil have stalled in recent months, but the malaise in the country's energy sector is deeper, with both coal and liquefied natural gas (LNG) also soft.. . .  Full story

China Jan-July FDI up 7.3% y/y in yuan terms

13/08 Foreign direct investment (FDI) in China rose 7.3% from a year earlier to 533.14 billion yuan ($75.56 billion) in the first seven months of this year, the Commerce Ministry said on Tuesday.. . .  Full story

Singapore steps up scrutiny of shell firms to combat money laundering

13/08 Singapore's central bank is raising its guard against money launderers increasingly using onshore shell companies to mask their transactions, a senior official said.. . .  Full story

Hong Kong airport grinds to halt; China likens protests to terrorism

12/08 Hong Kong's airport halted flights on Monday, blaming demonstrators for the disruption, while China said the anti-government protests that have swept the city over the past two months had begun to show "sprouts of terrorism".. . .  Full story

Indian authorities lock down Kashmir's major city on Eid holiday

12/08 Indian security forces kept disputed Kashmir's biggest city of Srinagar largely locked down on Monday, the Muslim festival of Eid al-Adha, to prevent any major protests against a decision that scrapped the Himalayan region’s special. . .  Full story

China aviation authority aims to avoid disruption to Hong Kong-mainland trips

12/08 China's aviation authority said on Monday that in light of situation in Hong Kong, it will increase transfer capacity in the Greater Bay Area airports to avoid disruption to trips between the mainland and. . .  Full story

Indonesia to speed up enforcement of mineral ore export ban

12/08 Indonesia aims to speed up enforcement of a ban on mineral ore exports that is currently due to come into force in 2020, news website quoted coordinating minister for maritime affairs Luhut Pandjaitan. . .  Full story

Indonesia President wants B30 in use by Jan 2020 -cabinet secretary

12/08 Indonesian president Joko Widodo wants biodiesel with a 30% bio-content, known as B30, to be in use by January 2020 to increase palm oil consumption and reduce energy imports, the Cabinet Secretary office said. . .  Full story

China's July new loans dip more than expected, further policy easing seen

12/08 China's banks extended surprisingly fewer new yuan loans in July, while growth of money supply and total social financing also slowed, raising pressure on the central bank to ease policy further to support the slowing. . .  Full story

Chinese banks' NPL ratio edges up to 1.81% at end-Q2 - regulator

12/08 Chinese commercial banks' non-performing loan (NPL) ratio stood at 1.81% at the end of June, slightly higher than 1.8% at the end of the first quarter, the country's banking and insurance regulator said on. . .  Full story