MANILA : China’s Yadea Group Holdings, one of the world’s biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in a battery factory in the Philippines, the country’s investment promotions agency chief said on Thursday. Yadea is one of a several electric vehicle manufacturers looking at the Southeast […]
Month: June 2023
JAKARTA: Indonesia’s trade surplus in May narrowed to the smallest in three years amid surging imports, data by the statistics bureau showed on Thursday. The resource-rich country last year saw exports jump to a historic high on rising global commodity prices. The prices of commodities such as coal and palm […]
TOKYO : Japan’s government and central bank will act to stop the yen’s decline if it depreciates to the 145 per U.S. dollar level, more than half of economists polled by Reuters said. Market participants closely watch how the government and the Bank of Japan (BOJ) respond to currency moves, […]
BEIJING : China’s market regulator on Thursday announced a five-month campaign that will ensure platform companies optimise their protocols, to protect the rights of consumers and vendors. The State Administration for Market Regulation said it will supervise and guide platform firms to conduct self-examination, and improve their protocols to overcome […]
SYDNEY: Australian Prime Minister Anthony Albanese said today the government would block the construction of a new Russian embassy near the country’s parliament, citing threats to national security. Russia currently holds the lease for a parcel of land near Parliament House in Australia’s capital Canberra, where it had planned to […]