By Josh Ye, Eduardo Baptista and Yingzhi Yang HONG KONG/BEIJING (Reuters) – China’s $1.2 billion fine on Didi Global draws a line under the ride hailing company’s regulatory woes, but the retroactive application of laws and a lack of clarity on the firm’s business revival show the worst for its tech sector may not be …
Despite Didi’s $1.2 billion fine, China tech’s regulatory woes may not be over Read More »
TOKYO (Reuters) – Honda Motor Co said it would slash production by up to 30% in Japan next month against original plans due to persistent supply chain and logistical issues. Two lines at its Suzuka plant in western Japan will reduce production by about 10% this month and by about 30% in early August versus …
Honda to cut output by up to 30% at Japan plants on supply snag Read More »
SINGAPORE (Reuters) – Singapore will resume operations of the fourth terminal at its main airport on Sep. 13, the Changi Airport Group (CAG) said on Friday, as the Southeast Asian travel hub recovers from the more than two years of COVID-19 pandemic-induced disruptions. With a capacity of 16 million passengers per annum, terminal 4 would …
Singapore to resume operations of Changi Airport terminal 4 after two-year hiatus Read More »
JAKARTA (Reuters) – Indonesia has launched a crackdown on peer-to-peer (P2P) lenders through a new regulation and capital requirements, in a move that industry sources say should help clean up a booming online lending sector beset by consumer complaints. The rules, announced this month by Indonesia’s financial services authorities (OJK), set a minimum capital requirement …
Indonesia seeks to crack down on “unhealthy” peer-to-peer lenders Read More »
By Byungwook Kim and Heekyong Yang SEOUL (Reuters) -South Korean contract workers have tentatively agreed to end their strike at the country’s No.3 shipbuilder in return for a much smaller wage hike than they had demanded, union officials and subcontractors said on Friday. Since late last month, about 100 sub-contractors pressing for an increase of …
S.Korean shipyard workers reach tentative deal to end strike Read More »
SINGAPORE (Reuters) – Asia’s second quarter cocoa grind rose 3.6% year on year to 228,895 tonnes, data from the Cocoa Association of Asia showed on Friday. (Reporting by Naveen Thukral; editing by Jason Neely)
WARSAW (Reuters) – Poland will buy 48 FA-50 fighter jets, a first instalment of 180 K2 Black Panther tanks and howitzers from South Korea, Warsaw’s defence minister was quoted as saying on Friday, as the country strengthens its army because of the war in Ukraine. The Feb. 24 invasion, which Moscow calls a “special military …
Poland to buy jets, tanks and howitzers from South Korea, says minister Read More »
SEOUL (Reuters) – Daewoo Shipbuilding & Marine Engineering has reached an agreement with striking contract workers, Yonhap news agency reported on Friday, in a dispute which the shipbuilder said had cost it more than $400 million by mid-July. About 100 sub-contractors launched the strike last month, occupying the shipyard’s main dock to demand a pay …
Contract workers striking at South Korea’s Daewoo shipyard reach agreement – Yonhap Read More »
KUALA LUMPUR (Reuters) – Malaysia’s state energy firm Petronas is forecast to contribute to government coffers as much as 59 billion ringgit ($13.25 billion) this year, a cabinet minister said in a statement to parliament published Friday. Petronas contributions are a significant source of revenue for the federal government, which is expecting to spend a …
Petronas payout to Malaysia govt seen higher at 55-59 billion rgt this year Read More »
By David Stanway SHANGHAI (Reuters) – China’s year-old carbon market has given more than 2,000 power plants a taste of emissions trading, but design flaws and data fraud have meant limited large-scale greenhouse gas reductions and environmental gains, experts say. China’s much-heralded Emissions Trading Scheme (ETS) is already the world’s biggest, regulating around 4.5 billion …
A year on, China’s CO2 market yet to drive big emission cuts Read More »
