Reuters Asia Business

Exclusive-China, Malaysia in talks for rare earths refinery project, sources say

2 Oct 2025

By Rozanna Latiff, Danial Azhar and Mei Mei Chu KUALA LUMPUR/BEIJING (Reuters) -China and Malaysia are in early talks for a project to process rare earths, with sovereign wealth fund Khazanah Nasional likely to partner with a Chinese state-owned firm to build a refinery in the Southeast Asian nation, people familiar with the matter said. …

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BOJ deputy governor offers upbeat view on business mood, profits

2 Oct 2025

By Leika Kihara TOKYO (Reuters) -Japanese business mood is improving and corporate profits remain high even as U.S. tariffs weigh on exports, Bank of Japan Deputy Governor Shinichi Uchida said, signalling confidence that conditions for another interest rate hike was falling into place. Uchida reiterated that the central bank will continue to raise interest rates …

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Private markets brace for cycle test, Asia exits remain tight

2 Oct 2025

By Yantoultra Ngui and Jun Yuan Yong SINGAPORE (Reuters) -The boom in private credit and private equity is poised for a reality check as an untested credit cycle collides with fragile exit routes in Asia’s public markets, two senior investment executives said at a conference in Singapore. Private markets have expanded in Asia Pacific over …

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Gillette Pakistan to consider delisting as part of P&G restructuring

2 Oct 2025

(Reuters) -Gillette Pakistan said on Thursday it would evaluate a potential delisting following a decision by its parent Procter & Gamble to discontinue its business in Pakistan as part of the consumer product group’s global restructuring programme. Gillette Pakistan plans to convene a board meeting shortly to evaluate the actions required for this business discontinuation, …

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Freeport Indonesia says search for five trapped Grasberg workers still ongoing

2 Oct 2025

JAKARTA (Reuters) -Miner Freeport Indonesia said on Thursday that the search for five missing workers at the Grasberg copper and gold mine was still ongoing, more than three weeks after a deadly mud flow disaster at the site. Around 800,000 metric tons of wet material flooded the mine on September 8, trapping seven workers. Two …

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Solar-powered farming is digging Pakistan into a water catastrophe

2 Oct 2025

By Ariba Shahid MURIDKE, Pakistan (Reuters) -Karamat Ali’s cows and buffalos once provided his multi-generational family with milk. But earlier this year, the 61-year-old sold about a dozen bovine – and spent the proceeds on a set of solar panels.  The rice farmer in Pakistan’s Punjab province now uses his panels to power a tube …

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Japan PM contender Takaichi proposes crisis management spending

2 Oct 2025

TOKYO (Reuters) -Sanae Takaichi, a contender to become Japan’s next prime minister and the country’s first woman leader, proposed fiscal spending to support investment in essential sectors such as food, energy and economic security. While reiterating the need for a stimulus package to mitigate the rising cost of living, Takaichi said the more fundamental issue …

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Singapore court blocks foreign liquidator bid to sue Standard Chartered, BSI Bank over 1MDB links

2 Oct 2025

SINGAPORE (Reuters) – Singapore’s High Court has dismissed a bid by foreign liquidators to sue Standard Chartered Bank and BSI Bank in Singapore over transactions alleged to be linked to the scandal-hit Malaysian sovereign wealth fund 1MDB, according to a judgment on Wednesday. The liquidators had alleged that Standard Chartered enabled fraud leading to more than $2.7 …

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Mongolia targets development, transparency with sovereign wealth Chinggis Fund

2 Oct 2025

By Gregor Stuart Hunter SINGAPORE (Reuters) -Mongolia’s sovereign wealth fund is preparing to appoint independent board members, hire external advisers and adopt a transparent investment strategy as the resource-rich nation sets out an ambitious development plan. The Chinggis Khaan Sovereign Wealth Fund was established by law in April last year, has $1.4 billion in assets …

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No supply disruptions after fire at Pertamina’s Dumai oil refinery, company says

2 Oct 2025

JAKARTA (Reuters) -Indonesian state energy firm Pertamina said it will divert fuel to supply some areas on Sumatra following a fire at its Dumai refinery, a company official said on Thursday, adding there were no supply disruptions. The fire at the refinery was extinguished late on Wednesday, company spokesperson Agustiawan said, adding that supplies to …

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