BANGKOK (Reuters) – Thailand is planning a small rise in spending of 3.78 trillion baht ($110.7 billion) for the 2026 fiscal year and a slightly lower deficit of 860 billion that year, the government said on Tuesday. The budget plan is based on expected economic growth of between 2.3% and 3.3% and inflation of 0.7% …
Thai government plans slightly higher spending in 2025-2026 fiscal year Read More »
BEIJING (Reuters) – China’s Foreign Minister Wang Yi will hold talks with his Japanese counterpart Takeshi Iwaya in Beijing on Wednesday, the Chinese foreign ministry said, when both men are expected to address China’s ban on Japanese seafood imports. Iwaya’s one-day visit to the Chinese capital, on China’s invitation, is his first since assuming his …
China and Japan expected to discuss seafood ban on Wednesday Read More »
BEIJING (Reuters) – The former head of Tesla’s China factory has joined Envision Energy this week, the Chinese energy firm said on Tuesday. Song Gang has taken on the role of senior vice president for Integrated Supply Chain and the head of Delivery Division, according to Envision Energy, confirming a Reuters report last week. (Reporting …
Tesla’s former China factory head joins renewable energy firm Envision Read More »
BEIJING (Reuters) – China will ramp up fiscal support for consumption next year by raising pensions and medical insurance subsidies for residents as well as expanding consumer goods trade-ins, its finance ministry said on Tuesday. The country will boost the basic pension for retirees and for urban and rural residents and raise financial subsidy standards …
China to ramp up fiscal support for consumption next year Read More »
TOKYO (Reuters) – Japan Finance Minister Katsunobu Kato reiterated Tokyo’s discomfort over excessive foreign exchange moves and put speculators on notice that authorities are ready to act to stabilise a faltering yen. “There is no change to our stance,” Kato said when asked about the yen’s persistent weakness at a regular news conference. “I would …
Japan finance minister repeats warning against excessive yen selling Read More »
SEOUL (Reuters) – South Korea’s consumer sentiment dropped sharply this month to hit the weakest level in more than two years on growing worries about political uncertainty following parliament’s impeachment of President Yoon Suk Yeol. The consumer sentiment index fell to 88.4 in December from 100.7 in November, the lowest since the index hit 86.6 …
South Korea consumer sentiment weakest since 2022 on political uncertainty Read More »
(Reuters) -Singapore’s TalkMed Group has received a privatisation offer from TW Troy valuing it at S$606.1 million ($447.24 million), the oncology service provider said on Monday. The offer comes as Southeast Asian healthcare assets gain favour with investors betting on the region’s growing affluence and ageing population while eyeing the sector’s potential to weather challenging …
Singapore’s TalkMed Group gets privatisation offer for $447 million valuation Read More »
By Kantaro Komiya TOKYO (Reuters) – Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan’s auto industry that underlines the threat Chinese EV makers now pose to the world’s long-dominant legacy car makers. The tie-up would create the world’s third-largest auto group by vehicle sales …
Honda, Nissan aim to merge by 2026 in historic pivot Read More »
By Shashwat Chauhan and Medha Singh (Reuters) -Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone, thanks to an about …
Apple approaches $4 trillion valuation as investors bet on AI momentum Read More »
HANOI (Reuters) – Vietnam will start building a new railway from its largest northern port to the border with China by the end of next year, Prime Minister Pham Minh Chinh said. The government will submit the project to the National Assembly for approval in February, Chinh said on Sunday in a statement. The 417-km …
Vietnam to start construction of new railway linking with China by end-2025 Read More »
