Reuters Asia Business

By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s central bank will review policy rate levels in the third quarter to head off any spike in inflation next year, Governor Perry Warjiyo said on Thursday, after it decided to keep rates unchanged for now to bolster an economic recovery. Bank Indonesia (BI) kept steady …

Indonesia cbank says will review rates in Q3 if inflation picks up Read More »

BEIJING (Reuters) – China hopes the United States will remove additional tariffs on Chinese goods and end its sanctions and crackdowns as soon as possible to create conditions for trade cooperation, the Ministry of Commerce said on Thursday. Gao Feng, ministry spokesman, made the comments at a regular briefing. U.S. trade data on Tuesday revealed …

China hopes U.S. will remove tariffs, end sanctions to create conditions for trade Read More »

BANGKOK (Reuters) -Thai consumer confidence dropped in January for the first time in five months, hurt by a spike in coronavius cases, a slow economic recovery and high prices of goods, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce fell 3% on a monthly basis to …

Thai Jan consumer mood dips for first time in 5 months – survey Read More »

By Simon Jessop and Patturaja Murugaboopathy LONDON (Reuters) – Investors continued to flock to environmental, social and corporate governance (ESG) stock funds in January despite a slide in Big Tech hitting the funds’ performance, and as the market braces for more growth wobbles in the year ahead. As the global transition to a low-carbon economy …

Analysis-Investors back ESG stock funds even as tech slide hurts returns Read More »

TOKYO (Reuters) -Japan’s central bank is not debating an exit from ultra-loose monetary policy, Governor Haruhiko Kuroda has said, and will not do so during the rest of his term through April 2023, the Mainichi newspaper reported on Thursday. “As long as our current price projection lives, there’s no chance we will debate (an exit …

BOJ’s Kuroda says not debating exit from easy policy -Mainichi Read More »

By Josh Horwitz SHANGHAI (Reuters) -China’s industry ministry published revisions to draft rules on Thursday dictating how companies and localities should manage data, bringing more specificity to the country’s evolving data governance regime. The updated rules, which China’s Ministry of Industry (MIIT) and Information Technology first published in September, removes a previous statement that “core …

China revises draft rules on data security for business sectors Read More »

JAKARTA (Reuters) – Taiwan-based Foxconn will launch an investment to manufacture electric vehicles and batteries in Indonesia in the third quarter, an Indonesian minister said, amid efforts by Southeast Asia’s biggest economy to become a global hub for EVs. The iPhone assembler will build a factory on 200 hectares (494.21 acres) of an industrial zone …

Foxconn to launch investment in Indonesia’s EV sector in Q3 Read More »