Reuters Asia Business

BEIJING/SYDNEY (Reuters) – China’s aviation regulator is seeking industry feedback on special conditions for the homegrown C919 aircraft, it said on Tuesday, in a sign that certification of the narrowbody jet designed to rival Airbus and Boeing is edging closer. In dozens of technical documents, the Civil Aviation Administration of China (CAAC) set out special …

China seeks industry feedback on homegrown C919 jet as certification nears Read More »

By Fransiska Nangoy JAKARTA (Reuters) – Indonesian legislators on Tuesday pressed the government to tighten rules on domestic coal sales, amid concern that miners will choose to pay fines instead of meeting a requirement to sell a quarter of their output to local power generators. The parliamentary energy committee met during recess on Tuesday, fearing …

Indonesia lawmakers call for tougher rules to avert another coal crisis Read More »

COLOMBO (Reuters) – Sri Lanka’s power regulator said on Tuesday it had approved a 75% hike in power tariffs. “The Commission decided to approve a fair electricity tariff, taking all these public and other stakeholder comments into consideration,” Janaka Ratanayke, chairman of the Public Utilities Commission of Sri Lanka, said in a statement. (Reporting by …

Sri Lanka power regulator approves 75% tariff hike Read More »

By Julie Zhu and Sophie Yu HONG KONG/BEIJING (Reuters) – Two years after it was forced to withdraw from the Nasdaq for an accounting fraud, China’s Luckin Coffee believes it has emerged from its “darkest moment”, and said it remains committed to U.S. capital markets as it expands its stores and sales. Luckin admitted in …

China’s Luckin plans store expansion, remains committed to U.S. market Read More »

SEOUL (Reuters) – South Korea’s telecommunications regulator on Tuesday said it plans to launch an investigation into app store operators such as Apple Inc, Alphabet’s Google and One Store over suspected violations of in-app payment law. Last year, South Korea passed the law, an amendment to the Telecommunications Business Act, which bans major app store …

S.Korea to probe app store operators over suspected in-app payment violations Read More »

HONG KONG (Reuters) -Hong Kong’s government said on Tuesday it had no plans to relax its stamp duty on property, responding to media reports that it could consider waiving the extra stamp duty that mainland Chinese have to pay to buy property in the city. “(The government) clearly states that there are no relevant plans,” …

Hong Kong says it has held no discussions on relaxing property stamp duty Read More »