Reuters Asia Business

By Helen Coster (Reuters) -ViacomCBS Inc and Seoul-based CJ ENM, the distributor of Oscar winning movie “Parasite”, have signed a content partnership agreement, the companies said on Tuesday, marking the Asia debut for the U.S. company’s Paramount+ streaming service. The partnership will include co-productions for original series and films, content licensing and distribution across ViacomCBS’ …

ViacomCBS teams up with ‘Parasite’ distributor to make Paramount+ Asia debut Read More »

By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd will merge its mobile and consumer electronics divisions, the firm said on Tuesday, naming new co-chief executives in the biggest reshuffle since 2017 to simplify its structure and focus on the logic chip business. Two co-chief executives, instead of three, will lead the South Korean …

Samsung names new CEOs, to merge mobile, consumer electronics units Read More »

BEIJING (Reuters) – China’s central bank on Tuesday cut the rates on its relending facility by 25 basis points (bps) to support the rural sector and small firms. After the cut, the three-month relending rate stands at 1.7%, while the six-month rate is at 1.9% and the one-year at 2%, the People’s Bank of China …

China central bank cuts rates on relending facility, benchmark cut chances seen as low Read More »

JAKARTA (Reuters) – Indonesia’s Financial Service Authority (OJK) has issued rules on listing of technology companies’ shares with multiple voting rights, aimed at attracting more initial public offerings to its domestic exchange, the regulator said in a statement on Tuesday. Southeast Asia’s biggest economy is home to a number of tech unicorns, or companies that …

Indonesia issues new stock market rules aimed at luring tech listings Read More »

KUALA LUMPUR (Reuters) – Malaysia will decide by January whether to continue with its plan for a single wholesale 5G network, after Reuters reported concern from mobile carriers over pricing and transparency. Malaysia’s proposed centralised 5G network has met resistance from major operators, who have yet to sign up to the government plan, according to …

Malaysia cabinet reconsiders plan for single 5G network amid impasse with telcos Read More »

By Eduardo Baptista HONG KONG (Reuters) – Macau’s gaming regulator has ordered junket operators in the world’s largest gambling hub to stop offering credit to customers, according to brokerage firm Bernstein. Macau’s Gaming Inspection and Co-ordination Bureau (DICJ) has ordered the operators, who bring big-spending clients from mainland China to VIP rooms in Macau casinos, …

Macau casinos to stop junkets at world’s biggest gambling hub – Bernstein Read More »

BANGKOK (Reuters) – Thailand’s central bank on Tuesday said it does not want commercial banks to be directly involved in trading digital assets, citing the risks stemming from high price volatility. The remarks by Bank of Thailand (BOT) senior director Chayawadee Chai-Anant come as Thai lenders have been investing in local digital asset exchanges. This …

Thai central bank urges banks to refrain from trading digital assets Read More »