Reuters Asia Business

Thai economy improves in September but slows in third quarter

BANGKOK (Reuters) -Thailand’s economy improved in September from the previous month due to a rebound in manufacturing, rising exports and increasing foreign tourism receipts, but it was weaker over the entire July to September quarter, the central bank said on Friday. Domestic demand also slowed over the month, with both private consumption and investment showing …

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Toyota Tsusho raises FY profit forecast on supply chain, Africa units

TOKYO (Reuters) -Japan’s Toyota Tsusho on Friday raised its full fiscal year profit forecast by 20 billion yen to 360 billion yen ($2.4 billion) on stronger growth in its supply chain and Africa divisions, and also promised a higher dividend payout. The company, a member of the Toyota group, raised its full-year dividend forecast to …

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Nvidia to supply more than 260,000 Blackwell AI chips to South Korea

By Hyunjoo Jin and Eduardo Baptista SEOUL/GYEONGJU (Reuters) -U.S. semiconductor leader Nvidia on Friday said it will supply more than 260,000 of its most advanced AI chips to South Korea’s government and some of the country’s biggest businesses, including Samsung Electronics. The deal is the latest for a company at the core of a global …

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Toyota does not face immediate chip shortage from Nexperia, CEO says

By Daniel Leussink and Maki Shiraki TOKYO (Reuters) -Toyota Motor does not face an immediate chip shortage from recent Chinese export restrictions related to chipmaker Nexperia, even as the Japanese automaker is carefully watching risks to production, Chief Executive Koji Sato said. “I do think there’s some risk, but it’s not like we’re facing shortages tomorrow,” …

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Cebu Pacific to boost holiday flight routes with Bulgaria Air partnership

By Xinghui Kok SINGAPORE (Reuters) -Philippine budget airline Cebu Pacific on Friday unveiled a partnership with Bulgarian national carrier Bulgaria Air that will run through December 2025 and January 2026. Two Airbus A320ceo aircraft will operate on four domestic routes from Manila to Cebu, Davao, Iloilo and Cagayan de Oro, Cebu Pacific said. Bulgaria Air will …

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Hyundai Motor keen to take part in Indonesian national car plan, ministry says

JAKARTA (Reuters) -South Korea’s Hyundai Motor is interested in participating in Indonesia’s plan to develop its own national car, Indonesia’s economic ministry said on Friday. Indonesian President Prabowo Subianto said on October 20 that Indonesia was planning to fully manufacture its own national car in the next three years, with a budget already allocated and …

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China battery maker shares rise after agreement to pause export controls

BEIJING (Reuters) -Chinese battery maker shares rose on Friday after the government said it would suspend recent export controls, which included lithium-ion batteries and related materials, as part of a trade truce with the United States. The battery thematic index rose as much as 4%, with the share prices of Shandong Hi-tech Spring Material Technology …

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