Reuters Asia Business

Thailand invests $153 million to boost industrial competitiveness

6 Nov 2025

BANGKOK (Reuters) -Thailand’s Board of Investment said on Thursday that it will provide up to 5 billion baht ($153 million) in funds to strengthen industrial competitiveness and develop skills, the first time the agency has offered direct financial support instead of tax incentives. The measures will include subsidies for training programmes aimed at upskilling at …

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Indonesia president inaugurates $4 billion petrochemical plant by Lotte Chemical

6 Nov 2025

JAKARTA (Reuters) -Indonesian president Prabowo Subianto on Thursday inaugurated a $4 billion petrochemical production facility built by South Korea’s Lotte Chemical, which will produce 1 million metric tons of ethylene a year. The plant started commercial operations in October and was the country’s first new naphtha cracker in 30 years, according to Indonesia’s Energy and …

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China’s exports seen slowing in October as front-loading against U.S. tariffs eases: Reuters poll

6 Nov 2025

BEIJING (Reuters) -China’s export growth probably slowed in October, as overseas orders tapered off following months of front-loading to beat U.S. President Donald Trump’s tariffs, and as buyers watched to see how a volatile month in U.S.-China trade ties would develop. Traders and investors on both sides of the Pacific breathed a sigh of relief …

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DBS reports better-than-expected Q3 earnings, sending shares up; UOB slides on provisions

6 Nov 2025

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s DBS Group on Thursday reported better-than-expected earnings in the third quarter, sending its shares to a record high, while United Overseas Bank’s profit dropped after it booked hefty credit allowances. DBS, Southeast Asia’s biggest lender, posted a 2% drop in third-quarter earnings to S$2.95 billion ($2.26 billion), beating analysts’ …

DBS reports better-than-expected Q3 earnings, sending shares up; UOB slides on provisions Read More »

Qatar Airways sells entire Cathay Pacific stake for $897 million

6 Nov 2025

By Anne Marie Roantree, Rajesh Kumar Singh and Jiaxing Li HONG KONG (Reuters) -State-owned Qatar Airways has decided to sell its entire stake in Cathay Pacific Airways for about $897 million (HK$6.97 billion), marking its complete exit from Hong Kong’s flagship airline after eight years. Cathay said late on Wednesday that the Doha-based carrier had …

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Sri Lanka’s budget to drive economic reforms, meet IMF goals

6 Nov 2025

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s President Anura Kumara Dissanayake will unveil the national budget on Friday, emphasizing economic reforms to meet IMF targets critical to unlocking further financing from the global lender and attracting investment to revitalise growth. Dissanayake, who is also the finance minister, swept to power late last year on a …

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Japan, US consider rare earth mining near Minamitori in Pacific, PM Takaichi says

6 Nov 2025

By Kantaro Komiya and Katya Golubkova TOKYO (Reuters) -Japan and the United States will jointly study developing rare earth mining in the waters around Minamitori Island in the Pacific, Japanese Prime Minister Sanae Takaichi said on Thursday. Co-development of rare earth minerals was a key topic in her meeting with U.S. President Donald Trump last …

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Saudi Arabia cuts December oil prices for Asia as OPEC+ boosts output

6 Nov 2025

(Reuters) -Saudi Arabia, the world’s top oil exporter, has sharply reduced the prices of its crude for Asian buyers in December, responding to a well-supplied market as OPEC+ producers ramp up production. State oil giant Saudi Aramco set its December official selling price at $1 per barrel above the Oman/Dubai average, marking the first price …

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Japan plans to revise foreign investment law to sharpen security screening

6 Nov 2025

By Makiko Yamazaki TOKYO (Reuters) -Japan plans to revise its foreign investment screening law next year to streamline the review process and enable more targeted assessments of national security risks, a central pillar of Prime Minister Sanae Takaichi’s policy agenda. The revision would be the first major update to the Foreign Exchange and Foreign Trade …

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