News in Brief--(8-5-2018)

Chicago wheat futures fall by over 1.5 pc

SINGAPORE/PARIS, May 07: Chicago wheat futures slid more than 1.5 per cent on Monday, falling for a second session as an improving weather outlook for the U.S. winter crop weighed on prices. U.S. soybeans were also down, under pressure from a lack of demand from top importer China amid a trade dispute between Washington and Beijing. — Reuters

Malaysian firm to invest in automotive hub

KUALA LUMPUR, May 07: Malaysian automobile company Tan Chong Motor will invest 500 million ringgit (126.81 million U.S. dollars) to develop an automotive hub in the northern Perak state, according to its statement released on Monday. — Xinhua

Indonesia GDP growth slows in first quarter

JAKARTA, May 07: Indonesia's first-quarter GDP growth slowed on the back of a contraction in exports and public spending, the government said Monday, despite efforts to rev up Southeast Asia's biggest economy. — AFP

Tibet's tourism revenue goes up 47 pc in Q1

LHASA, May 07: Tibet has seen dramatic growth in tourism revenue in the first quarter this year. From January to March, Tibet welcomed 1.06 million tourists, up 49.5 per cent from a year ago. — Xinhua