Reuters Asia Business

By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Tuesday that any decision on currency market intervention would be based on volatility, not specific yen levels, as investors brace for a possible move if the yen breaches the 150-per-dollar threshold. Authorities are watching the currency market closely and stand ready to …

Japan finance minister says volatility, not yen levels, key on intervention Read More »

By Josh Ye HONG KONG (Reuters) – Apple has started requiring new apps to show proof of a Chinese government licence before their release on its China App Store, joining local rivals years that had adopted the policy years earlier to meet tightening state regulations. Apple began last Friday requiring app developers to submit the …

Apple enforces new check on apps in China as Beijing tightens oversight Read More »

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to resume interest rate cuts on Thursday as it attempts to bolster a recovery from its worst economic crisis in decades, capitalising on low inflation to complete the first review of a $2.9 billion IMF bailout package. The median estimate in a Reuters …

Sri Lanka likely to resume rate cuts Thursday to spur growth- Reuters poll Read More »

By Mikhail Flores and Karen Lema MANILA (Reuters) -The Philippine economy is on track to expand this year, but probably at a slower clip, as stubbornly high inflation may warrant a “higher-for-longer policy rate path,” the International Monetary Fund (IMF) said on Tuesday. The Fund said it cut its growth forecast for the Philippines to …

High inflation clouds Philippine growth outlook in 2023, IMF says Read More »

BANGKOK (Reuters) – Thailand’s central bank said on Tuesday it was closely watching movement in the baht currency , which it said is a result of external factors and in line with regional peers. The baht fell to an 11-month low at 37.095 on Tuesday morning. The central bank was ready to manage the baht …

Thai baht depreciation due to external factors, being monitored – central bank Read More »

(Reuters) – French battery maker Blue Solutions, a unit of Bolloré Group, has signed on Tuesday a memorandum of understanding (MoU) with Taiwan’s Foxconn , and its subsidiary SolidEdge to develop solid-state batteries for electric bikes. The groups said in a joint statement the collaboration will initially target Indonesia, where the market goal is to …

Bollore’s Blue Solutions signs MoU with Foxconn and SolidEdge to develop bike batteries Read More »

KUALA LUMPUR (Reuters) – Malaysia’s plantations and commodities ministry has proposed a cut in windfall levy for palm oil producers in the states of Sabah and Sarawak to 1.5% from 3%, state news agency Bernama reported on Tuesday, citing Minister Fadillah Yusof. The proposal has been made to the finance ministry, the minister said, according …

Malaysia’s plantations ministry proposes cut in windfall tax on palm industry Read More »

By Karen Freifeld and Alexandra Alper NEW YORK/WASHINGTON (Reuters) – The Biden administration warned Beijing of its plans to update rules that curb shipments of AI chips and chipmaking tools to China as soon as early October, a U.S. official said, a policy decision aimed at stabilizing relations between the superpowers. The Commerce Department, which …

Exclusive-US warned China to expect updated export curbs in October-US official Read More »