Reuters Asia Business

KUALA LUMPUR (Reuters) -Malaysia’s commodities ministry is seeking to exempt crude palm kernel oil and palm kernel olein oil from the country’s sales and services tax (SST), it said on Tuesday. The government expanded the SST in July, subjecting the palm oil industry and the oleochemical sector to the tax. Crude palm kernel oil and …

Malaysia’s commodities ministry seeks tax exemption for palm oil raw materials Read More »

By Takaya Yamaguchi and Makiko Yamazaki TOKYO (Reuters) -Japan’s finance ministry is planning to request a record $220 billion for debt-servicing costs in next financial year’s budget as the world’s No. 4 economy faces rising interest rates, according to a draft document seen by Reuters. The ballooning debt costs highlight Japan’s struggle to rein in …

Japan ministry to request record sum for debt-servicing costs, draft shows Read More »

By Heekyong Yang, Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -South Korea touted a broad range of U.S. investment plans by its companies at Monday’s summit between U.S. President Donald Trump and South Korean President Lee Jae Myung, spanning shipbuilding, nuclear energy, aerospace, energy and critical minerals. While South Korean companies pledged at the summit …

Factbox-South Korean firms pledge $150 billion in US investments at summit Read More »

BANGKOK (Reuters) -Thailand is hoping to meet its rice export target of 7.5 million metric tons this year by seeking more deals in markets where demand is strong, commerce ministry official said on Tuesday. Rice shipments dropped by 25% year-on-year to 4.3 million metric tons in the first seven months of 2025, but those to …

Thailand aims to meet this year’s rice export target by focusing on strong markets, official says Read More »

By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) -A top South Korean official said on Monday that the U.S. and South Korea had decided to establish a non-binding agreement to define the operation and structure of $350 billion in investment funds agreed as part of a July trade deal. Seoul agreed with Washington last month …

South Korea eyes non-binding deal to steer $350 billion U.S. investments Read More »

TOKYO (Reuters) -The pension trust of German automaker Mercedes-Benz has sold its entire shareholding in Japan’s Nissan Motor for 47.83 billion yen ($324.65 million), a source said on Tuesday. The secondary sale of shares were priced at 341.3 yen ($2.32) per share, the source said, a 5.98% discount to the closing price on Monday of …

Mercedes-Benz’ pension trust sells Nissan holding for $324 million, source says Read More »

By Uditha Jayasinghe COLOMBO (Reuters) -Tourists have long flocked to Sri Lanka for its pristine beaches, wildlife safaris and ancient Buddhist sites. Now, its first Marxist president is betting on casinos to attract high-rollers from India and China and usher in the next wave of foreign inflows. The success of the casino strategy is crucial …

Sri Lanka rolls the dice on casinos to power post-crisis tourism boom Read More »