Reuters Asia Business

Indonesia to discuss fuel supply issue with private distributors, official says

4 Sep 2025

JAKARTA (Reuters) -The Indonesian government will hold discussions with private fuel distributors, an official said on Thursday, as supply runs low at petrol stations operated by Shell and BP-AKR. Shell and BP-AKR, the operator of BP’s fuel stations, said they had inventory shortages for some gasoline products. Shell said last week some of its products …

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Singapore’s Sing Holdings, Sunway Developments bid $486 million for Chuan Grove land

4 Sep 2025

(Reuters) -Singapore-based property developer Sing Holdings said on Thursday that it has submitted a joint tender bid of S$623.9 million ($486.4 million) alongside Sunway Developments for a second land parcel at Chuan Grove. The company said its unit, Sing Holdings Residential, and Sunway Developments will form a joint venture if it gets the tender for …

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Japan’s SoftBank trims stake in India’s Ola Electric to 15.7%

4 Sep 2025

(Reuters) -Japan’s SoftBank Group has lowered its shareholding in Indian electric scooter maker Ola Electric to 15.68% from 17.83%, after selling a 2.15% stake over two months, an exchange filing showed on Thursday. SoftBank, Ola Electric’s second-largest shareholder after founder Bhavish Aggarwal, sold a total of 94.9 million shares in a series of transactions between …

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Malaysian carmaker Proton launches first EV plant

4 Sep 2025

KUALA LUMPUR (Reuters) -Malaysian automaker Proton launched its first electric vehicle assembly plant on Thursday, as the Southeast Asian nation looks to boost development of its EV industry. The facility, located in western Perak state’s Automotive High-Tech Valley – Malaysia’s main automaking hub – will have initial annual capacity to produce 20,000 cars. But that …

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Malaysian central bank keeps key rate steady, stance seen less dovish

4 Sep 2025

By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s central bank held its benchmark interest rate steady on Thursday and most analysts expect it to stay that way for the rest of the year. Soft inflation and relatively resilient economic growth prompted Bank Negara Malaysia (BNM) to keep its overnight policy rate at 2.75%, as expected, …

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Renewable energy firm reNIKOLA chosen under Malaysia’s solar energy programme

4 Sep 2025

(Reuters) -Malaysia’s reNIKOLA Holdings has been shortlisted to deliver two projects, with a combined solar capacity of 618 Megawatts peak (MWp), under the country’s solar energy programme, the renewable energy producer said in a statement on Thursday. The projects fall under the Large Scale Solar 5+ programme, a flagship initiative under Malaysia’s strategy to shift …

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Exclusive-China’s BYD cuts sales target, sources say, as white-hot growth cools

4 Sep 2025

(Reuters) -BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said, as the Chinese EV giant faces its slowest annual growth in five years and other signs that its era of record-setting expansion could be drawing to a close. …

Exclusive-China’s BYD cuts sales target, sources say, as white-hot growth cools Read More »

Japan Nidec’s accounting probe sparks record stock plunge

4 Sep 2025

By Daniel Leussink TOKYO (Reuters) -Shares of Japan’s Nidec plummeted a record 22% on Thursday after the electric motor maker said it would set up an independent committee to investigate the possible involvement of management in improper accounting. The accounting issues add to investor concerns about governance at the company long dominated by its 81-year-old …

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