Reuters Asia Business

Indonesia’s Agrinas adds sprawling palm areas, plans dozens more mills

By Bernadette Christina JAKARTA (Reuters) – Indonesia handed over 674,178 hectares (1.7 million acres) of palm oil plantations to state firm Agrinas Palma Nusantara on Friday, taking to 1.5 million hectares (3.7 million acres) the total area of land given to the company. The handover solidifies Agrinas’ status as the world’s largest palm oil company …

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Taiwan says it hopes for more favourable US tariff rate, awaits ‘concluding’ meeting

TAIPEI (Reuters) -Taiwan’s government said on Friday that it hoped for a more favourable tariff rate from the United States after talks achieved “certain progress”, and it was now awaiting a “concluding” meeting. Taiwan’s exports to the United States are currently subject to a 20% tariff. Taiwan Deputy Trade Representative Yen Huai-shing said in a …

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How government debt stress could roll across world markets

By Naomi Rovnick LONDON (Reuters) -Escalating fears about government finances everywhere from Britain to Japan have so far been contained mostly within bond markets, but big investors are preparing for stress to spread across assets from big tech to housing and currencies. Budget-driven tumult in France, Britain and Japan, and ballooning U.S. debt have sapped …

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US, Japan reaffirm FX commitments, leave room for interventions

By Makiko Yamazaki and Leika Kihara TOKYO (Reuters) – The United States and Japan reaffirmed their commitment to “market determined” exchange rates, while agreeing that foreign exchange interventions should be reserved for combating excess volatility, according to a joint statement released on Friday. The latest agreement also notably made no new demands by the Trump …

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Analysis-Malaysia reins in data centre growth, complicating China’s AI chip access

By Eduardo Baptista, Ashley Tang and Jun Yuan Yong BEIJING/KUALA LUMPUR/SINGAPORE (Reuters) -Malaysia, a hotspot for data centres, is reining in the pace of expansion in a move industry insiders and analysts expect will hinder China’s efforts to gain access to powerful chips that are crucial to improving its artificial intelligence capabilities. The Southeast Asian …

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China aims to nearly double battery storage by 2027 in $35 billion plan

BEIJING (Reuters) -China is looking to almost double its so-called new energy storage capacity to 180 gigawatts (GW) by 2027, according to an industry plan announced by authorities on Friday. The plan, released by the state planner, National Development and Reform Commission, and the energy regulator, said the target will stimulate 250 billion yuan ($35 …

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Petronas delivers first local sustainable aviation fuel to Malaysia Airlines

KUALA LUMPUR (Reuters) -Malaysia’s state energy firm Petroliam Nasional Berhad, or Petronas, said on Friday it had delivered the country’s first locally-blended sustainable aviation fuel for Malaysia Aviation Group, the operator of national carrier Malaysia Airlines. The SAF was locally blended at Petronas’ processing facilities and delivered to Kuala Lumpur International Airport (KLIA) to supply …

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