Reuters Asia Business

Vietnam, Singapore agree to boost ties, cooperation on subsea cables

12 Mar 2025

HANOI (Reuters) -Singapore and Vietnam on Wednesday have agreed to enhance cooperation in subsea cables, finance, and energy, marking an upgrade in their relations to Vietnam’s highest level, during a visit by its Communist Party Chief To Lam to the city-state. Singapore is the third Southeast Asian nation, after Malaysia and Indonesia, with which Vietnam …

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China’s ICBC launches $11 billion technology innovation fund

12 Mar 2025

BEIJING (Reuters) – Industrial and Commercial Bank of China, the world’s biggest commercial lender by assets, announced on Wednesday the launch of an 80 billion yuan ($11.04 billion) technology and innovation fund to support the private economy. The new fund aims to support “hard technology” via equity investment, referring to areas such as semiconductors and …

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South Korea trade minister to visit US to discuss tariffs, investment

12 Mar 2025

SEOUL (Reuters) -South Korea’s Trade Minister Cheong In-kyo will visit Washington, D.C. from March 13 to 14 to discuss trade issues including reciprocal tariffs and investment projects with his counterparts, the trade ministry said on Wednesday. Cheong will meet with officials at the United States Trade Representative for consultations on U.S. tariff measures and investment …

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Temasek takes bite of India’s Haldiram’s for $1 billion, sources say

12 Mar 2025

NEW DELHI (Reuters) -Singapore’s state investment company Temasek has signed a deal to pick up close to a 10% stake in the snacks business of India’s Haldiram’s at a cost of about $1 billion, two people with direct knowledge of the matter said on Wednesday. The deal was signed after months of negotiation and Temasek …

Temasek takes bite of India’s Haldiram’s for $1 billion, sources say Read More »

Indonesia to impose anti-dumping import duty for nylon film from China, Thailand, Taiwan

12 Mar 2025

JAKARTA (Reuters) -Indonesia is set to impose an anti-dumping import duty on nylon film from China, Thailand and Taiwan, according to a finance ministry regulation published on Wednesday. The regulation will take effect this month and last for the next four years, the regulation said. The ministry listed companies from China, Thailand and Taiwan that …

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Analysis-Japan firms must get used to reverse break-up fees as Nippon Steel’s $565 million penalty looms

12 Mar 2025

By Anton Bridge, Abigail Summerville and Kane Wu TOKYO/NEW YORK (Reuters) -Japanese suitors face a heightened chance of U.S. targets baking in hefty termination fees to protect against a deal collapsing due to regulatory or political reasons, following Nippon Steel’s stranded $14.9 billion bid for U.S. Steel. A reputation for reliability has long given Japanese …

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South Korea proposes inheritance tax overhaul to reduce burden

12 Mar 2025

SEOUL (Reuters) – South Korea plans to overhaul inheritance tax codes to make them more equitable and encourage wealth transfer to younger generations, the finance ministry said on Wednesday, in its first step towards addressing a tax burden that has faced criticism. Although the proposed tax revision does not seek to lower inheritance tax rates, …

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China leads increased EV purchases as EU tariffs start to hit

12 Mar 2025

By Alessandro Parodi (Reuters) – China in February again led purchases of electric vehicles, which increased worldwide versus a year ago, even as European Union tariffs on China-made EVs reduced sales of some brands, research firm Rho Motion said on Wednesday. Overall sales, including battery electric and plug-in hybrid vehicles, rose by 49% in February …

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