Reuters Asia Business

JAKARTA (Reuters) – Indonesia named five tin firms as “corporate suspects” in an illegal mining case linked to state mining firm PT Timah, the office of Attorney General said on Thursday. Tin companies PT Refined Bangka Tin (RBT), PT Stanindo Inti Perkasa, PT Tinindo Inter Nusa, PT Sariwiguna Binasentosa and CV Venus Inti Perkasa have …

Indonesian prosecutors name five tin mining firms accused of illegal mining Read More »

By Bing Hong Lok SINGAPORE (Reuters) – Resale public housing prices in Singapore, one of the world’s most expensive cities, rose by 9.6% in 2024, according to preliminary government data released on Thursday. Eight out of 10 of citizens live in public housing built and sold by the government, and housing affordability is a key …

Singapore public housing resale prices rise 9.6% in 2024 Read More »

BEIJING (Reuters) – Chinese electric vehicle makers including Nio and Li Auto have followed market leaders Tesla and BYD in extending buying incentives to the start of 2025, as a price war in the world’s largest auto market continues for a third year. Li Auto announced on Thursday cash subsidies of 15,000 yuan ($2,055) per …

Chinese EV makers extend buying incentives as price war enters third year Read More »

BEIJING (Reuters) – China’s Geely Auto has set an annual sales target of 2.71 million units in 2025, CEO Gan Jiaoyue told investors in an online conference call on Thursday. Zeekr, Geely’s electric vehicle brand, aims to sell 320,000 cars this year, Zeekr’s CEO An Conghui said. (Reporting by Zhang Yan and Brenda Goh; Editing …

China’s Geely Auto sets 2025 sales target of 2.71 million units Read More »

BEIJING (Reuters) – China has added 28 U.S. entities to its export control list to “safeguard national security and interests”, the commerce ministry said on Thursday. The companies on the list include General Dynamics, Boeing Defense, Space & Security, Lockheed Martin and Raytheon Missiles & Defense. China is also banning the export of dual-use items …

China adds 28 US entities to export control list Read More »

By Amy Lv and Lewis Jackson BEIJING (Reuters) – China’s iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world’s top consumer despite a protracted property crisis continuing to weigh on Chinese steel demand, traders and analysts said. The country’s imports of the key steelmaking …

China’s 2025 iron ore imports set to hit new high even as steel demand dwindles Read More »

By Anushree Mukherjee and Brijesh Patel (Reuters) -Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore up the market, a Reuters monthly poll showed on Tuesday. The survey of 31 economists …

Ample supply, slow demand to temper oil price gains in 2025 Read More »

KUALA LUMPUR – Malaysia’s communications regulator said it granted Tencent’s WeChat and ByteDance’s TikTok licences to operate in the country under a new social media law, but that some other platforms had not applied. The law, aimed at tackling rising cybercrime, requires social media platforms and messaging services with more than 8 million users in …

Malaysia grants WeChat, TikTok licences to operate under new law Read More »