Reuters Asia Business

Shipments of foreign-branded phones in China up 0.6% y/y in December, says CAICT

BEIJING (Reuters) – Shipments of foreign-branded smartphones, including Apple Inc’s iPhone, in China rose 0.6% in December year-on-year, according to data released on Friday by a government-affiliated research firm. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that during the month, shipments of foreign-branded phones in China …

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Vietnam open to boosting US agricultural imports as tariff risks rise

By Khanh Vu and Francesco Guarascio HANOI (Reuters) -Vietnam stands ready to import more farm products from the United States, according to a statement from trade minister Nguyen Hong Dien on Friday, a day after U.S. President Donald Trump said he would start imposing global reciprocal tariffs. The Southeast Asian export hub, home to manufacturing …

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Sony shares soar as games strength boosts investor confidence

By Sam Nussey TOKYO (Reuters) – Sony’s shares closed up 8.7% in Tokyo on Friday after the technology and entertainment conglomerate reported strong results at its games and music divisions. Sony’s gaming unit reported a 37% jump in quarterly profit and PlayStation 5 sales of 9.4 million units during the year-end shopping season. “These results …

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Malaysia’s economy ends 2024 on high note amid strong investment, domestic spending  

By Danial Azhar KUALA LUMPUR (Reuters) – Malaysia’s economy grew faster than expected in the fourth quarter of 2024 amid strong domestic demand and a recovery in exports, the central bank said on Friday, as it expects investment activities and household spending to drive growth this year.   Bank Negara Malaysia said the 5% year-on-year growth …

Malaysia’s economy ends 2024 on high note amid strong investment, domestic spending   Read More »

South Korea to review non-tariff barriers to respond to US reciprocal tariff plan

By Jihoon Lee SEOUL (Reuters) – South Korea will thoroughly review non-tariff barriers and other vulnerabilities to respond to a U.S. plan to introduce reciprocal tariffs, the country’s acting president said on Friday. U.S. President Donald Trump tasked his economics team on Thursday with devising plans for reciprocal tariffs on every country taxing U.S. imports …

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South Korea fines JPMorgan, Morgan Stanley, Nomura and UBS for short selling breaches

SEOUL (Reuters) – South Korea’s market watchdog has decided to impose fines on JPMorgan, Morgan Stanley, Nomura and UBS for violating short-selling rules in the domestic stock market, officials at the country’s Financial Supervisory Service (FSS) said on Thursday. “We have concluded administrative sanctions, meaning imposing fines,” an official said, declining to provide further details …

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World Bank trims Thailand’s 2025 GDP growth outlook to 2.9% from 3.0% 

BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.9% this year, the World Bank said on Friday, down slightly from 3.0% projected in October but still accelerating from 2.6% estimated for 2024. Growth in Southeast Asia’s second-largest economy will be driven by a rebound in investment, supported by higher budget execution and implementation of …

World Bank trims Thailand’s 2025 GDP growth outlook to 2.9% from 3.0%  Read More »

Indonesia expects to reach full implementation of B40 biodiesel in March

By Bernadette Christina JAKARTA (Reuters) -Indonesia expects its B40 biodiesel programme, aimed at reducing its reliance on imported diesel fuel, will reach full implementation next month after delays at the start of the year, energy ministry official Eniya Listiani Dewi said on Friday. She said distribution of the palm oil-based biodiesel this year has reached …

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Singapore budget to tackle living costs and jobs as election looms

By Bing Hong Lok SINGAPORE (Reuters) – Singapore’s government is expected to focus on cost of living issues, housing and employment in next week’s budget, as it heads towards an election buoyed by strong growth and low inflation but facing uncertainties over U.S. trade policies. Economists forecast an expansionary budget in 2025, with DBS expecting …

Singapore budget to tackle living costs and jobs as election looms Read More »

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