Business

JAKARTA: Indonesia may raise subsidised fuel prices by 30 per cent to 40 per cent to manage fiscal pressure from a ballooning subsidy budget, lawmakers from President Joko Widodo's ruling...

Smartphone maker Xiaomi Corp is eyeing an electric vehicle (EV) production tie-up with Beijing Automotive Group (BAIC), as it faces delays in acquiring a licence to make cars on its...

BANGKOK: Thailand's unemployment rate in the second quarter dropped to 1.37 per cent from 1.53 per cent in the previous quarter as pandemic curbs were eased, the state planning agency...

Vietnam makes a good test case. Just as Apple’s suppliers such as Hon Hai Precision Industry, better known as Foxconn, plan to expand capacity there, sending industrial land prices to new highs, global manufacturers...

BERLIN: China is exerting increasing pressure on foreign companies doing business in its markets to bring them into line with its political agenda, broadening the "red lines" for issues to...

BEIJING: China's unemployment insurance payouts hit a record high in June, adding to signs of a struggling labour market as the economy has been badly hit by COVID-19 outbreaks and...

BANGKOK: Thailand's economy is expected to grow by about 3 per cent this year and about 4 per cent the next, with low chances of aggressive interest rate hikes unless...

China's industry ministry issued a notice on Wednesday (Aug 24) to promote and optimise the development of the country's photovoltaic industry, warning against market monopolies and encouraging development of power...

WASHINGTON: The United States has added seven China-related entities, mostly related to aerospace, to its export control list, citing national security and foreign policy concerns, according to a US Commerce...

Let's get you up to speed with the day's stories. Former Malaysian Prime Minister Najib Razak will serve his 12-year prison sentence after the Federal Court dismissed his appeal to...