Reuters Asia Business

JAKARTA (Reuters) -Indonesia will domestically manufacture its own car in the next three years, its President Prabowo Subianto said on Monday, adding the budget for that has already been allocated and land prepared for the factories.  (Reporting by Stefanno Sulaiman; Editing by Martin Petty)

By Colleen Howe BEIJING (Reuters) -China’s imports of Mongolian coal reached a record monthly high in September, customs data showed on Monday, as Beijing’s efforts to tackle overcapacity pushed up domestic prices and sent traders looking for cheaper supply. Mongolia shipped 9.29 million metric tons of coal to China in September, according to China’s General …

China imports record amount of Mongolian coal in September Read More »

By Phuong Nguyen HANOI (Reuters) -Vietnamese low-cost carrier Vietjet stopped operating two Chinese-made COMAC C909 aircraft on October 18 after a six-month lease contract for the planes expired, two sources familiar with the matter said. The C909s were introduced in Vietnam less than a week after Chinese President Xi Jinping visited Hanoi in April, highlighting …

Vietnam’s budget carrier Vietjet ends operations of Chinese-made COMAC aircraft, sources say Read More »

(Reuters) -China’s state-owned oil and gas producer CNOOC Limited said on Monday that Zhou Xinhuai has resigned as chief executive officer. Zhou, born in 1970, was appointed as the Executive Director and Chief Executive Officer of CNOOC Limited in April 2022, and was appointed as the Vice Chairman of the Board of the Company with …

CNOOC Says Zhou Xinhuai Resigned As Executive Director, Vice Chairman, CEO Read More »

BEIJING (Reuters) -A group of 55 Chinese iPhone and iPad users filed a complaint with China’s market regulator on Monday, a lawyer representing the group said, alleging that Apple abuses its market dominance by restricting app distribution and payments to its own platforms while charging high commissions. The complaint to China’s State Administration for Market …

China consumers file antitrust complaint against Apple over app store practices Read More »

SEOUL (Reuters) – South Korea’s central bank governor said on Monday no discussions had taken place with the U.S. Federal Reserve on establishing a bilateral currency swap line, as it was not an appropriate tool to be considered for a trade deal. Governor Rhee Chang-yong said it was irrelevant to the problems the country was …

Bank of Korea says swap line not appropriate tool for US trade deal Read More »