Reuters Asia Business

Singapore regulator, banking association to set up new payments entity

12 Feb 2025

SINGAPORE (Reuters) – Singapore’s financial regulator and the Association of Banks in Singapore (ABS) said on Wednesday they will set up a new entity to consolidate the administration and governance of national payment schemes and further grow them. The Monetary Authority of Singapore (MAS) and ABS said in a joint statement that the entity will …

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Taiwan’s Foxconn says it can plan production around Trump tariffs

12 Feb 2025

NEW TAIPEI, Taiwan (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and Apple’s main iPhone maker, can plan its production around new U.S. tariffs, the company’s chairman said on Wednesday. U.S. President Donald Trump announced and then paused until March 4 an across-the-board 25% tariff on all U.S. imports from Mexico and Canada. …

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BOJ governor says higher food prices in Japan may alter inflation expectations

12 Feb 2025

By Makiko Yamazaki TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will conduct monetary policy bearing in mind there are risks that food prices may continue to be high and affect people’s inflation expectations. “We’re deeply aware that a rise of more than 2% in prices of fresh foods …

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Klook raises $100 million in funding led by Vitruvian Partners

12 Feb 2025

SINGAPORE (Reuters) – Travel booking service company Klook said on Wednesday it had raised $100 million in funding led by European investment firm Vitruvian Partners. Klook said in a statement that the newly secured capital will drive its next phase of growth and innovation, but it did not disclose its valuation after the fund raise. …

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Exclusive-Japan’s Eneos aims to raise at least $2.6 billion in metals unit’s IPO, sources say

12 Feb 2025

By Miho Uranaka and Sam Nussey TOKYO (Reuters) -Japan’s largest oil refiner, Eneos Holdings, aims to raise at least 400 billion yen ($2.61 billion) by listing its wholly owned metals unit, two sources said, in what would be the nation’s biggest IPO in seven years. Eneos expects to receive approval for the initial public offering …

Exclusive-Japan’s Eneos aims to raise at least $2.6 billion in metals unit’s IPO, sources say Read More »

Warner Bros to build ‘Harry Potter Studio Tour’ with Chinese group in Shanghai

12 Feb 2025

SHANGHAI (Reuters) -Warner Bros has agreed to develop a “Harry Potter Studio Tour” in Shanghai with Jinjiang International, the Chinese group said on Wednesday. Jinjiang said in a social media post that the proposed amusement park would give visitors a behind-the-scenes look at the Harry Potter films and recreate well-known scenes. It will cover an …

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South Korea acting president calls for agreement on extra budget amid slowing economy

12 Feb 2025

By Jihoon Lee SEOUL (Reuters) – South Korea’s acting President Choi Sang-mok on Wednesday said he hoped for a swift agreement within the country’s parliament on an extra budget to support an economy struggling with slowing domestic demand and heightened external uncertainty. “I hope that parliament reaches an agreement on the basic principles regarding the …

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Japan requests US to exclude Japan from steel, aluminium tariffs

12 Feb 2025

TOKYO (Reuters) – Japan industry minister Yoji Muto said on Wednesday the nation has requested that the United States exempt Japan from steel and aluminium tariffs. U.S. President Donald Trump substantially raised tariffs on steel and aluminium imports on Monday to a flat 25% “without exceptions or exemptions”, saying they would aid struggling industries in …

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Malaysia’s economic growth likely softened in Q4: Reuters poll

12 Feb 2025

By Rahul Trivedi BENGALURU (Reuters) – Economic growth in Malaysia probably softened in the last quarter of 2024 as weakness in manufacturing, agriculture and mining overshadowed strong household spending, a Reuters poll of economists found. Although most major sectors except for services experienced sluggish growth in the October-December quarter, domestic demand – supported by the …

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