Reuters Asia Business Archives - Page 510 of 2133

Battery maker VFlowTech raises nearly $21 million to ride India’s clean energy aim

14 May 2025 14 May 2025

(Reuters) -Singapore-based VFlowTech has raised $20.5 million to boost production and start distribution of its vanadium batteries in India, as it seeks to encash on the country’s growing renewable energy sector. VFlowTech said on Wednesday it also plans to use the funds to hire more people in engineering, research and operations, to build local supply …

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Thai billionaire’s Frasers Property makes second try to take REIT private, in $1 billion deal

14 May 2025 14 May 2025

By Sneha Kumar and Kumar Tanishk (Reuters) -Thai business magnate Charoen Sirivadhanabhakdi’s Frasers Property, on Wednesday, made a second attempt to take complete control of Frasers Hospitality Trust in a deal valuing the REIT at S$1.37 billion ($1.1 billion). The billionaire’s family and Frasers Property already own a little over 60% of the hospitality real …

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China says to accelerate financial support for sci-tech innovation

14 May 2025 14 May 2025

BEIJING (Reuters) -China said on Wednesday it would further enhance capital market support for science and technology innovation enterprises and would expand bank credit support for firms in the sector. The move comes as the nation steps up efforts to reduce dependence on foreign technology amid rising China-U.S. geopolitical tensions. It aims to strengthen financial …

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Thai minister says U.S. trade pitch gets positive response

14 May 2025 14 May 2025

BANGKOK (Reuters) -Thailand has told Washington it will crack down on transshipments through its ports, buy more U.S. goods and improve local market access as part of a pitch to avoid steep tariffs on its exports, its finance minister said on Wednesday. Thailand is among Southeast Asian nations hardest hit by U.S. President Donald Trump’s …

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Singapore’s Changi Airport starts building fifth terminal after pandemic pause

14 May 2025 14 May 2025

SINGAPORE (Reuters) -Singapore’s Changi Airport on Wednesday started construction of a fifth terminal, as the world’s fourth-busiest airport by international passengers expands to capitalise on growing air travel in Asia after the pandemic. The airport will also integrate a third runway, which is currently used by the military, by 2030. Flag carrier Singapore Airlines will …

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Singaporean bank OCBC to integrate securities business into global markets division

14 May 2025 14 May 2025

(Reuters) -Oversea-Chinese Banking Corp (OCBC) said on Wednesday it will integrate its three securities units into its global markets division as Singapore’s second-largest lender seeks to streamline operations and boost its equities business. The integration, scheduled for July, will merge the bank’s securities operations in Singapore, Hong Kong, and Indonesia, potentially reducing costs and helping …

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Pakistan receives second tranche under extended fund facility from IMF, cenbank says

14 May 2025 14 May 2025

NEW DELHI (Reuters) – Pakistan has received the second tranche of special drawing rights worth 760 million ($1,023 million) from the International Monetary Fund under the extended fund facility programme, the country’s central bank said in a post on X on Wednesday. The amount will be reflected in its foreign exchange reserves for the week …

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Baidu prepares to launch driverless taxi in Europe, WSJ reports

14 May 2025 14 May 2025

(Reuters) -Chinese technology major Baidu is preparing to test its driverless ride-hailing service, Apollo Go, in Europe for the first time, the Wall Street Journal reported on Tuesday. Baidu plans to set up a local entity in Switzerland in the coming months and aims to begin testing the technology by the end of this year, …

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BYD tops Singapore vehicle sales so far this year, replacing Toyota

14 May 2025 14 May 2025

SINGAPORE (Reuters) -China’s BYD became the most popular vehicle brand in Singapore so far this year, outselling Toyota for the first time, government data showed, as the fast-growing electric vehicle maker steps up efforts to boost overseas sales. In the first four months of 2025, BYD sold 3,002 cars, or 20% of total vehicle sales …

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Investment firm EQT hiring in Japan where it sees deals flourishing, founder says

14 May 2025 14 May 2025

By Anton Bridge and Miho Uranaka TOKYO (Reuters) – EQT is hiring in Japan for its private capital, infrastructure and real estate teams and feels the Asian nation could become its biggest market in the region over the next five years, the investment firm’s chairperson and founder said. The Swedish firm has made two investments …

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Reuters Asia Business﻿﻿

Reuters Asia Business