Reuters Asia Business

By Francesco Guarascio HANOI (Reuters) -South Korean companies, including Samsung Electronics, are worried about Vietnam’s plan to reform incentives for the high-tech sector, warning it could lead to higher costs for foreign investors and potentially undermine new investment, Korean officials have said. The warning comes amid continued uncertainty about Vietnam’s trade relations with the U.S., …

Vietnam’s plan to ease high-tech subsidies worries South Korean investors  Read More »

HANOI (Reuters) -Vietnam will raise the minimum wage for contracted workers by over 7% from next year, according to a government document reviewed by Reuters, in a move that could potentially increase labour costs for companies. The new minimum wage will range from 3.7 million dong to 5.31 million dong ($141-$202) per month, depending on …

Vietnam to raise minimum wage by 7% in new year Read More »

NEW DELHI (Reuters) -India has imposed a five-year anti-dumping duty on some steel products originating from Vietnam, according to a government notification dated Wednesday. (Reporting by Neha Arora and Surbhi Misra; Editing by Sonali Paul)

NEW DELHI (Reuters) -South Korea’s Lotte Chemical said on Thursday it has sold about 75% stake in its Pakistani subsidiary to Dubai-based PTA Global Holding for 98 billion won ($68.94 million). The South Korean company is trying to restructure its portfolio under a government-led programme aimed at aiding loss-making petrochemicals in the country due to …

Lotte Chemical sells 75% stake in Pakistani subsidiary for $69 million Read More »

SINGAPORE (Reuters) -Thailand’s second largest lender Kasikornbank is leaning on artificial intelligence and prudent lending to navigate economic headwinds and fraud risks, its chief executive Kattiya Indaravijaya told Reuters on Thursday.  The lender expects AI to have a “meaningful impact” on productivity improvement within two years, she said, adding that the bank is still at …

Kasikornbank turns to AI, prudent lending as Thailand’s economy slows, chief exec says Read More »

TAIPEI (Reuters) -Taiwan’s economy could grow close to 6% this year given the unexpected strong performance in the third quarter, the head of the statistics agency said on Thursday, as the island reaps the benefits from the artificial intelligence (AI) boom. Taiwan’s export-oriented economy has soaked up strong demand in the crucial semiconductor and tech …

Taiwan economy could grow close to 6% this year, statistics chief says Read More »