By Lisa Barrington and Rozanna Latiff (Reuters) -Malaysia’s Capital A Berhad said on Monday it intends to sell its aviation business to long-haul unit AirAsia X Bhd, with a goal of consolidating both its long and short-haul operations under a single AirAsia brand. The proposed deal, which is subject to a final agreement being signed …
Malaysia’s Capital A paves way for merger of AirAsia’s operations globally Read More »
By Orathai Sriring and Panarat Thepgumpanat BANGKOK (Reuters) – Thailand has received a green light to borrow to finance its controversial 500 billion baht ($14.29 billion) digital handout scheme, a senior official said on Monday, in a boost to a government eager to stimulate a sluggish economy. The Office of the Council of State, an …
Thailand gets green light to borrow to fund $14.3 billion handout plan – official Read More »
SHANGHAI (Reuters) – Zeekr is aiming to deliver 230,000 cars in 2024, double its deliveries in 2023, a company spokesperson said on Monday, as the electric car brand of China’s Geely ramps up sales of new models and expand into overseas markets. Zeekr started delivery of its fourth model, the Zeekr 007 sedan, in December …
Geely’s Zeekr aims to double its EV deliveries in 2024 Read More »
By Clare Jim and Donny Kwok HONG KONG (Reuters) -China Evergrande New Energy Vehicle Group said on Monday its Vice Chairman Liu Yongzhuo has been detained and is under criminal investigation, sending its stock tumbling and marking another setback after a share sale plan was scrapped. The detainment could also hurt its parent company, China …
China Evergrande’s electric car unit says vice chairman detained, stock slides Read More »
(Reuters) – Chinese financial terminal provider Wind has been disrupted by a technical issue, with traders reporting they were unable to access the platform, the Financial Times reported on Monday. The FT quoted a Wind note to its clients as saying that the technical issue occurred around midnight on Monday and that it had not …
China Wind’s financial terminals disrupted by technical issue – FT Read More »
NEW DELHI (Reuters) – Japan restated the importance for early completion of signing of a Memorandum of Understanding (MoU) between Sri Lanka and creditor nations on debt restructuring, after an agreement was reached in principle late last year. It also emphasised the need to ensure transparency and comparability in agreements with creditors outside the Official Creditor Committee …
Japan urges early signing of debt MoU between Sri Lanka and creditors Read More »
(Reuters) -Honda Motor Co is considering building an electric vehicle plant in Canada in a near-2-trillion-yen ($13.83 billion) project that could possibly include in-house production of batteries, Japan’s Nikkei news group reported on Sunday. The project could be one of Honda’s largest investments, the report said. Honda did not immediately respond to a Reuters request …
Honda considers $14 billion plan for EV production in Canada -Nikkei Read More »
JERUSALEM (Reuters) – Chinese shipping firm COSCO has suspended shipping to Israel, Israeli financial news website Globes reported on Sunday. The report, which did not include details behind the decision, came as shipping lanes in the Red Sea have been disrupted by attacks carried out by Iranian-backed Houthi militants in Yemen. COSCO offices in Israel …
China’s COSCO halts shipping to Israel -Israeli media Read More »
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr has signed into law a bill making it easier for taxpayers to pay their taxes, his office said on Sunday, in a bid to increase the revenues his government needs to boost infrastructure spending. “The law will modernize and increase the efficiency and effectiveness of tax administration …
Philippines enacts new law that makes paying taxes easier Read More »
TOKYO (Reuters) – Toyota Motor said it would restart its Japanese vehicle plants on Monday but, given the impact of the New Year’s Day earthquake, would decide separately about operations from Jan. 15. As aftershocks are continuing from the magnitude 7.6 quake that ravaged Japan’s western coast and many of its suppliers and their affiliates …
Toyota Motor: to restart vehicle plants in Japan from Monday Read More »
