Reuters Asia Business

BEIJING (Reuters) – China will launch a pilot programme in five regions this year which will include improving public services in major food crop-producing counties to support output, an official said on Sunday, part of Beijing’s efforts to ensure national food security. “The crop-producing counties often have weak local economies and poor fiscal conditions,” said …

China plans pilot scheme in five regions to stabilize output in major producing areas Read More »

TAIPEI (Reuters) – Taiwan’s Foxconn, Apple’s biggest iPhone assembler and the world’s largest contract electronics maker, expects its business this year to be “slightly better” than last year but is facing a shortage of chips for AI servers. “We did pretty well last year, although we had a rather large write off in the first …

Foxconn sees ‘slightly better’ 2024, warns on AI chip shortage Read More »

HONG KONG (Reuters) – Cash-strapped developer Country Garden said on Saturday more than 30 of its projects had been listed by Chinese local governments as suitable for financing support, as authorities aim to inject liquidity into the crisis-hit sector. China’s largest private property developer said in a statement to Reuters that its projects were included …

China’s Country Garden says over 30 projects have local government support Read More »

PADALARANG, Indonesia (Reuters) -Indonesia’s central bank has room to lower interest rates this year to lift economic growth, but is waiting for the rupiah to strengthen against the dollar, Governor Perry Warjiyo said on Saturday. “If we rush while the global condition is in disequilibrium, the rupiah could weaken and inflation goes out of control,” …

Indonesia central bank: should be room to cut rates, awaiting stronger rupiah Read More »

SINGAPORE (Reuters) – Wee Cho Yaw, ex-chairman of Singapore’s United Overseas Bank Ltd who helped transform the lender into a regional powerhouse, has died at the age of 95, the bank said on Saturday. Wee, Singapore’s eighth richest according to Forbes, oversaw UOB’s growth from a one-branch bank to a regional lender in 19 countries …

Singapore’s Wee Cho Yaw, who propelled UOB bank’s rise, dies at 95 Read More »

SHANGHAI (Reuters) – Chinese automaker Geely Holding Group said on Saturday it has launched 11 low-earth orbit satellites, its second dispatch, as it expands its capacity to provide more accurate navigation for autonomous vehicles. The satellites were launched from the Xichang Satellite Launch Center in the southwestern province of Sichuan, Geely said in a statement …

China’s Geely launches 11 low-orbit satellites for autonomous cars Read More »