Reuters Asia Business

KUALA LUMPUR (Reuters) -Malaysian mobile data service company U Mobile said on Tuesday it will use infrastructure technology from China’s Huawei Technologies and ZTE to roll out Malaysia’s second 5G network.  Malaysia announced in May 2023 that it would move to a dual network model as part of a government effort to dismantle monopolies.  In …

Malaysia telco U Mobile to partner with China’s Huawei and ZTE for 5G network Read More »

By Duncan Miriri and MacDonald Dzirutwe NAIROBI/LAGOS (Reuters) -A steep drop in crude oil prices largely due to U.S. President Donald Trump’s tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could also curb any benefits for importers. Concerns about the impact of a tit-for-tat trade war on …

Analysis-Oil price drop turns up heat on emerging market crude exporters Read More »

HANOI (Reuters) – China and Vietnam took initial steps during Chinese President Xi Jinping’s visit to Hanoi this week to develop new rail links, as they agreed to conduct feasibility studies for two lines, according to one of the agreements reviewed by Reuters. The two neighbours have long been discussing plans to upgrade two railways …

China, Vietnam to assess viability of new railways, document shows Read More »

JAKARTA (Reuters) – Sovereign wealth fund Danantara Indonesia said it will form a $4 billion joint fund with the Qatar Investment Authority that will focus on investment in Southeast Asia’s largest economy. The fund will focus on projects in downstream industries, or industries that process Indonesian commodities, as well as renewables and health facilities and …

Indonesia, Qatar to create $4 billion joint fund investing in Indonesia Read More »

HONG KONG (Reuters) – One of China’s top officials overseeing Hong Kong affairs, Xia Baolong, said on Tuesday that the United States’ tariff war was “extremely shameless” and aims to “take away Hong Kong’s life”. Xia, the director of China’s Hong Kong and Macau Affairs Office under the State Council, said bullying had never worked …

Chinese official says US tariff aims to ‘take away Hong Kong’s life’ Read More »

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Bank of Korea will keep its key interest rate unchanged at 2.75% on Thursday, according to a Reuters poll of economists who expect the central bank to resume reductions in May. If realized, this will be the central bank’s second hold since it began its rate-cutting …

Bank of Korea to hold rates at 2.75% on April 17, assessing trade impact: Reuters poll Read More »