By Kantaro Komiya and Daniel Leussink TOKYO (Reuters) – A senior Japanese ruling party official on Thursday suggested a stimulus package of more than 30 trillion yen ($208.97 billion) is needed to address inflationary pressures in Japan’s economy, the Sankei newspaper reported. “The supplementary budget of last year exceeded 30 trillion yen in size,” Koichi …
By Pete Sweeney TOKYO (Reuters) -Nissan Motor Co Ltd doesn’t make its longer-term decisions based on currency fluctuations, its chief operating officer said on Thursday, even as the yen’s sharp sell-off has sparked concerns about Japan Inc’s ability to manage the volatility. The comments from Ashwani Gupta also highlight how the yen is no longer …
For Nissan, currency doesn’t determine long-term plans, COO says Read More »
BEIJING (Reuters) – China will strictly regulate fees and fines imposed by the government on market entities, in order to reduce business costs, according to a notice published by China’s cabinet on Thursday. The move came amid an economic slowdown with small firms and individual business encountering many difficulties, said the notice. (Reporting by Beijing …
China will regulate government fees，fines to reduce business costs Read More »
JAKARTA (Reuters) – Southeast Asian nations need to more than double their annual investment on renewables to accelerate energy transition and to meet climate goals, a report released on Thursday by the International Renewable Energy Agency (IRENA) showed. IRENA said, in the long term, average annual investment of $210 billion was needed on renewable energy, …
Southeast Asia needs $210 billion annual investment on renewables -IRENA Read More »
BEIJING/HONG KONG (Reuters) -Guangzhou has permitted developers to slash sale prices of homes by as much as 20%, the first among China’s four top-tier cities to be allowed such dramatic discounting, as tepid demand plagues even the country’s economically most vibrant cities. Over 200 cities, mostly small and mid-sized cities, have taken steps to boost …
Guangzhou permits huge house price cuts, first among China’s biggest cities Read More »
BEIJING (Reuters) – China commerce ministry will launch a review of anti-subsidy tariffs on potato starch imported from the European Union from Friday, the ministry said on Thursday. (Reporting by Dominique Patton and Beijing newsroom; editing by David Evans)
TOKYO (Reuters) – Japan’s electricity supply outlook for the winter has improved after it secured extra power generation capacity through public auctions, national grid monitor OCCTO said on Thursday, though the government still plans to ask consumers to conserve power. The reserve ratio of power generation capacity for 10 regions including the greater Tokyo area …
Japan’s winter power supply outlook improves after auctions Read More »
By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) -Private equity firm CVC Capital Partners is selling Malaysian funeral services provider Nirvana Asia Ltd in a deal that could fetch up to $2 billion, three people with knowledge of the matter told Reuters. The sale process, which is being run by Morgan Stanley, has entered …
CVC selling Asian funeral business Nirvana, seeks as much as $2 billion -sources Read More »
KUALA LUMPUR (Reuters) – Malaysia has maintained its October export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday. The world’s second largest palm exporter calculated a reference price of 4,033.51 ringgit ($890) per tonne for October. The September reference …
Malaysia keeps Oct crude palm oil export duty at 8% Read More »
BANGKOK (Reuters) – Thailand’s central bank plans to launch a digital payment service for businesses by April next year, and aims to expand cross-border payments with some other countries, officials said on Thursday. The PromptBiz platform will help businesses make and receive payments as well as send information, the officials told a media briefing. The …
Thai central bank plans business digital payment platform by April Read More »
