Reuters Asia Business

BEIJING (Reuters) – China’s central government has made available 10 billion yuan ($1.49 billion) for “one-off” subsidies to support individuals and companies involved in grain cultivation and production, according to a statement published on Sunday by the country’s Ministry of Finance. The subsidies aim to support grain growers during the summer and autumn harvest and …

China makes 10 billion yuan available to subsidise grain growers Read More »

KUALA LUMPUR (Reuters) – Indonesia’s resumption of palm oil exports will not blunt Malaysia’s competitiveness in exporting the edible oil, the Malaysian commodities minister said on Sunday, pointing to the rival’s loss of sales in India. Minister Zuraida Kamaruddin urged “all Malaysian oil palm growers – both plantation firms and smallholders alike – not to …

Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports Read More »

(Reuters) – U.S., Japan, Australia, and India will unveil a maritime initiative at the Quad summit in Tokyo to curb illegal fishing in the Indo-Pacific, the Financial Times reported on Saturday, citing a U.S. official. The said that the maritime initiative will use satellite technology to create a tracking system for illegal fishing from the …

U.S., Japan, Australia, and India to launch tracking system to monitor illegal fishing by China- FT Read More »

(Reuters) – Apple Inc has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter. India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, the report added. Apple last …

Apple looks to boost production outside China- WSJ Read More »

HANOI(Reuters) – Vietnam has fired general director of its main Ho Chi Minh Stock Exchange (HoSE), the government said on Saturday, as the country intensifies a long-running crackdown on officials it accuses of graft. Le Hai Tra, 47, was dismissed for “having committed serious violations and wrongdoings”, the government said in a statement, without elaborating. …

Vietnam sacks head of the country’s main stock exchange over “wrongdoing” Read More »

By David Shepardson and Heekyong Yang WASHINGTON/SEOUL (Reuters) -South Korea’s Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States. Hyundai will break ground on its new facility in Georgia in early 2023 and is …

Hyundai Motor Group to invest $5.5 billion to build EV, battery facilities in U.S Read More »