Reuters Asia Business

BANGKOK (Reuters) – Thailand’s central bank said on Wednesday recent strength in the baht currency has been in line with regional currencies, driven by dollar weakness and a recovery in the country’s tourism sector. Such factors have attracted fund inflows to Thai assets in August, but there are no signs of unusual capital movements, the …

Thai baht strength in line with regional peers – central bank Read More »

BANGKOK (Reuters) – Investment applications in Thailand dropped by 42% in the first half of 2022 compared to the same period last year, official data showed on Wednesday, led by a sharp fall in foreign projects as the global economy slowed. Foreign investments, which made up 60% of the overall 220 billion baht ($6.22 billion) …

Thailand’s investment pledges slump in H1 as foreign projects wane Read More »

By Kevin Yao BEIJING (Reuters) – China’s central bank is set to take more easing steps, pressured by a shaky economy that is undercutting jobs, but it faces limited room to manoeuvre due to worries over rising inflation and capital flight, policy insiders and analysts said. Analysts now expect cuts in the country’s benchmark lending …

Analysis-China central bank, under pressure to ease, is hemmed-in by inflation, Fed jitters Read More »

TOKYO (Reuters) – A major Japanese auto lobby said it was concerned about a new U.S. law that restricts tax credits for electric vehicles to those assembled in North America. The Biden administration said on Tuesday about 20 models still qualify for tax credits of up to $7,500. Credits end immediately for about 70% of …

Japan auto lobby says it is concerned about new U.S. law on EV credits Read More »

MANILA (Reuters) – Philippine President Ferdinand Marcos Jr said on Wednesday he was negotiating with the local sugar industry to reduce retail prices of the sweetener by as much as 40% to ease the burden on consumers amid soaring inflation. Prices of refined sugar in the Philippines have almost doubled this year to 100-115 pesos …

Philippines president seeks up to 40% cut in retail sugar prices Read More »

(Reuters) -Apple Inc’s suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter. Apple’s Chinese supplier Luxshare Precision Industry and Taiwan-based Foxconn have started test production of Apple Watch in northern Vietnam, the report https://asia.nikkei.com/Business/Technology/Vietnam-to-make-Apple-Watch-and-MacBook-for-first-time-ever added. Apple has …

Apple suppliers to make Apple Watch and MacBook in Vietnam – Nikkei Read More »

HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 4.3% in the May-July quarter, improving for the third consecutive period, as domestic economic activities revived in an easing COVID situation and were helped by support measures, the government said on Wednesday. In the April-June period, the unemployment rate stood at 4.7%. “The …

Hong Kong’s May-July unemployment eases to 4.3%, outlook improving Read More »