Reuters Asia Business

Japan offshore wind players want inclusion in government’s fixed-revenue scheme

29 Sep 2025

By Katya Golubkova TOKYO (Reuters) -Developers of offshore wind projects in Japan are seeking to be included in a scheme that could guarantee fixed revenue for up to 20 years – a move that comes after Mitsubishi-led groups walked away from three projects due to soaring costs. Japan’s long-term decarbonised capacity auction (LTDA) scheme currently …

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Malaysia’s Sarawak Energy exploring listing its power generation business, local media reports

29 Sep 2025

KUALA LUMPUR (Reuters) -Malaysian energy firm Sarawak Energy Berhad is said to be exploring the possibility of listing its power generation business on the Malaysian bourse, local media reported on Monday, citing sources with knowledge of the matter. The listing of the company, which is owned by the Malaysian state of Sarawak, could be one …

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Under Trump, US cedes its share of China’s beef market to Australia

29 Sep 2025

By Peter Hobson and Tom Polansek CANBERRA/CHICAGO (Reuters) -Australian beef has replaced U.S. supply in China since President Donald Trump returned to the White House, funnelling hundreds of millions of dollars that have in previous years gone to the U.S. cattle industry into Australian pockets.  U.S. shipments to China, worth around $120 million a month, collapsed …

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Malaysian steel industry roadmap aims for “fully green” sector by 2050​

29 Sep 2025

KUALA LUMPUR (Reuters) -Malaysia is planning a revamp of its steel industry that aims to manage overcapacity, restructure licensing and prepare for decarbonisation with a goal of achieving a “fully green” sector by 2050, trade minister Tengku Zafrul Aziz said on Monday. The 10-year roadmap includes establishing clear licensing guidelines for manufacturers, implementing a carbon …

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Singapore population hits record 6.11 million, driven by foreign workers

29 Sep 2025

By Xinghui Kok SINGAPORE (Reuters) -Singapore’s population grew 1.2% in June compared to a year ago, hitting a new high of 6.11 million, government statistics released on Monday showed. Singapore has experienced steady population growth since the end of the pandemic, during which strict restrictions kept foreigners away and led to rare instances of the …

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JingDong Industrials aims to raise $500 million in Hong Kong IPO, sources say

29 Sep 2025

By Kane Wu HONG KONG (Reuters) -JingDong Industrials, a unit of Chinese online retailer JD.com, is seeking to raise $500 million with a Hong Kong initial public offering (IPO) as soon as the end of October, two sources with direct knowledge said, after the firm cleared a key regulatory hurdle. The company, also known as …

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China’s yuan stablecoin debut in Kazakhstan signals blockchain ambition

29 Sep 2025

SHANGHAI/HONG KONG (Reuters) -The launch of the world’s first regulated offshore yuan-linked stablecoin in Kazakhstan this month is part of Beijing’s plan to use the blockchain technology for cross-border trade, an executive at a Chinese government-backed blockchain network said. Yang Guang, Shanghai-based chief technology officer of Conflux, which was involved in the launch, said that …

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