Reuters Asia Business

Japan govt panel members urge vigilance on rising inflation, rate impact

By Makiko Yamazaki TOKYO (Reuters) – Private-sector members of a key Japanese government panel on Monday urged policymakers to be vigilant to the risks of rising inflation hurting the economy as the country’s long-term government bond yields surged to 16-year highs. The policy proposal, submitted to the Council on Economic and Fiscal Policy (CEFP), comes …

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Chinese rapeseed meal, oil contracts surge after 100% tariffs on Canadian imports

By Ella Cao and Mei Mei Chu BEIJING (Reuters) -Zhengzhou rapeseed meal and oil contracts jumped on Monday, the first day of trade since China decided to impose 100% tariffs on imports of those products from Canada. The most-active rapeseed meal futures on the Zhengzhou exchange climbed 6% to close at 2,611 yuan ($360) per …

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Vietnam to sign U.S. deals as trade, energy officials meet, document shows

HANOI (Reuters) – Vietnam expects to sign pacts with the United States this week after its trade minister meets U.S. trade and energy officials, according to a government document reviewed by Reuters. The step comes after weeks of conciliatory messages Vietnam has sent Washington in an effort to avert tariffs by the Trump administration the …

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Japan’s Makino Milling says it received buyout offers rivalling Nidec’s

TOKYO (Reuters) – Japan’s Makino Milling Machine said on Monday it has received legally binding third-party proposals for acquisition that rival an unsolicited buyout offer from Nidec. The proposals include those from MBK Partners and Nippon Sangyo Suishin Kiko Group (NSSK), a person with direct knowledge told Reuters, declining to be identified because the information …

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China’s newest refiner Yulong to test run second crude unit in late March, sources say

SINGAPORE (Reuters) – China’s newest refiner Shandong Yulong Petrochemical is expected to start test operating its second crude oil processing unit late this month, trading sources with knowledge of the plant’s operations said on Monday. The start of full operations at the $20 billion complex would help lift China’s crude imports and its output of …

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HKEX adds Stock Exchange of Thailand as a recognised stock exchange

(Reuters) – Hong Kong’s bourse operator said on Monday that it has added the Stock Exchange of Thailand as a recognised stock exchange, enabling public companies with a primary listing in Thailand to apply for a secondary listing in Hong Kong. (Reporting by Shivangi Lahiri in Bengaluru; Editing by Mrigank Dhaniwala)

Japan close to reaching BOJ’s price goal, PM Ishiba says

TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba said on Monday the central bank was close to achieving its 2% inflation target. “The Bank of Japan is taking various steps to achieve stable prices,” Ishiba told parliament, when asked by an opposition lawmaker whether Japan’s economy was in an ideal state in which inflation was …

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Thailand plans tax incentives for plug-in hybrids, says official

BANGKOK (Reuters) -Thailand plans to offer tax incentives for plug-in hybrid vehicle manufacturing, with the changes to take effect from 2026 if they are approved, Deputy Finance Minister Paopoom Rojanasakul said on Monday.  Under the plans, tax collection would be based on the travel range per battery charge for a vehicle, with lower taxes for …

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Indonesia proposes raising royalties paid by mining companies

JAKARTA (Reuters) -Indonesia is considering raising royalties paid by mining companies from commodities like coal, nickel and copper, among others, its mining ministry said. The proposal came as Indonesia’s new government is planning major changes in its budget to accommodate President Prabowo Subianto’s big spending plans, including a free school lunch programme. It aims to …

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