(Reuters) – Anheuser-Busch InBev on Thursday denied a report that thousands of job cuts were planned this year at its Asia-Pacific unit Budweiser Brewing Co APAC Ltd. Bloomberg reported on Thursday that Budweiser APAC, controlled by AB InBev, the world’s top brewer, was looking to cut operational costs by about 15% this year, including via …
Budweiser APAC not cutting thousands of jobs, AB InBev says Read More »
JAKARTA (Reuters) – Indonesia’s government is maintaining its forecast that the budget deficit will be 2.53% of GDP this year despite a 30% plunge in tax revenues in the first two months of 2025, the finance minister said on Thursday. Southeast Asia’s largest economy ran a budget deficit of 31.2 trillion rupiah ($1.9 billion) in …
Indonesia keeps 2025 budget deficit forecast unchanged despite tax revenues slump Read More »
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) – Vietnam’s aviation regulator has proposed to recognise China’s aircraft design certifications as equivalent to U.S. standards, facilitating the entry of jets from Chinese state-owned planemaker COMAC, according to documents seen by Reuters. COMAC has been intensifying its efforts to gain a market presence in Vietnam following …
Vietnam regulator proposes approval of Chinese COMAC jets, documents show Read More »
By Ella Cao, Mei Mei Chu and Naveen Thukral BEIJING/SINGAPORE (Reuters) – China is poised to receive record soybean imports in the second quarter, traders and analyst said, after delayed Brazilian shipments and slow customs clearances have caused supply tightness that forced several processors to halt operations. The world’s largest soybean buyer is forecast to …
Outlook for record Chinese second-quarter soybean imports may ease supply tightness Read More »
BANGKOK (Reuters) – Thailand’s Investment Board said on Thursday it had approved a $1 billion investment from China’s Sunwoda Electronic to build an electric vehicle battery plant, the latest in a series of new EV-related projects in the regional automaking hub. The Shenzhen-based firm will create 1,000 jobs in Thailand for production of lithium-ion …
Thailand approves $1 billion investment from China’s Sunwoda for EV battery plant Read More »
SEOUL (Reuters) – South Korea’s opposition-controlled parliament passed on Thursday a revision to the Commercial Act expanding the fiduciary duty of board members to protect the interests of minority shareholders and address the so-called “Korea discount.” It is not clear if the amendment will be adopted or vetoed by the acting president, since the ruling …
South Korea parliament passes bill expanding duty of boards to shareholders Read More »
BEIJING (Reuters) – China’s finance ministry on Thursday published new guidelines for managing special funds for clean energy, providing support for development of renewable energy and clean utilisation of fossil fuels from 2025 until 2029, with a possible extension beyond this period. The guidelines replace temporary ones released in 2020 and expired in 2024 for …
China publishes new guidelines for managing special funds for clean energy development Read More »
JAKARTA (Reuters) – Indonesia’s tax revenues in the first two months of 2025 were hit by falling commodity prices like coal, nickel and crude oil, as well administrative changes in the way income and value added taxes were collected, a deputy finance minister said on Thursday. However, economic indicators like the purchasing managers’ index, motorcycle …
Indonesia tax revenues hit by falling commodity prices, official says Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda on Thursday painted an optimistic view on consumption and reaffirmed the bank’s resolve to shrink its “too big” balance sheet, a sign it remains on course to wean the economy off monetary stimulus. The remarks suggest the BOJ is sticking to its projection of …
BOJ’s Ueda upbeat on consumption, warns of ‘too big’ balance sheet Read More »
(Reuters) – Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia forecast a sharp increase in its underlying earnings for 2025 on Wednesday, and also posted its first ever full-year underlying profit. GoTo, which offers ride hailing, food deliveries, logistics and financial services, also forecast a surge in its core earnings, or adjusted EBITDA, the company’s …
