Asia Business

Mitsubishi Motors to cut 500-600 jobs to reduce costs-sources

05h53 Mitsubishi Motors Corp will seek voluntary retirement from 500 to 600 employees, mostly in management, in Japan from mid-November to cut costs, two sources familiar with the matter told Reuters on Saturday.. . .  Full story

Latest on the worldwide spread of coronavirus

25/09 India reported 86,052 new coronavirus cases on Friday and was set to overtake the United States by next month as the world's worst-affected nation, while the World Health Organization warned the global death toll. . .  Full story

Israel tightens second-wave lockdown as PM, critics argue over protest curbs

25/09 Israel tightened COVID-19 lockdown measures on Friday and critics accused Prime Minister Benjamin Netanyahu of trying to curb protests against his handling of the health and economic crises.. . .  Full story

India unlikely to revoke PUBG ban despite Tencent licence withdrawal - source

25/09 India is unlikely to revoke a ban on PlayerUnknown's Battlegrounds (PUBG) following PUBG Corp's decision to withdraw the mobile game's publishing rights in the country from China's Tencent, a senior government official said on Friday.. . .  Full story

China expands investment scope for foreign investors under combined scheme

25/09 China moved to further ease foreign access to its capital markets on Friday, officially combining two major inbound investment schemes and broadening the scope for foreign institutional investment.. . .  Full story

Iran's oil exports jump in September defying sanctions -TankerTrackers

25/09 Iranian oil exports have risen sharply in September in defiance of U.S. sanctions, three assessments based on tanker tracking showed, throwing a lifeline to the Islamic Republic and its collapsing economy.. . .  Full story

Asia Gold-Discounts narrow in top hubs as price dip attracts some interest

25/09 Physical gold demand limped higher in top Asian hubs this week, with dealers in India easing discounts to the lowest level in six weeks, as a drop in prices saw a little interest return. . .  Full story

Japan's PM says to gradually allow foreign long-term visa holders to enter from October

25/09 Japan will gradually start allowing entry to foreigners with newly issued long-term visas from October, Prime Minister Yoshihide Suga said on Friday, further relaxing tough restrictions introduced earlier this year to guard against imported cases. . .  Full story

Japan's ANA mulls 200 bln yen share offer -Nikkei

25/09 Japan's biggest airline ANA Holdings is considering issuing 200 billion yen ($1.9 billion) in shares to bolster its finances as the downturn in air travel drags on, the Nikkei newspaper reported.. . .  Full story

Shell books tanker to load crude at Libya's Zueitina oil port

25/09 Royal Dutch Shell has provisionally booked a tanker to load a crude cargo at Libya's Zueitina terminal on Oct. 3, potentially the first since January at the recently reopened port.. . .  Full story

India's c.bank to hold rates as inflation rises, even in recession

25/09 The Reserve Bank of India will keep rates on hold until early next year in a delicate balancing act between curbing high inflation and lifting the economy from its worst recession on record, a. . .  Full story

Chinese fintech Ant sidelines banks in distribution of funds targeting its IPO

25/09 As five Chinese mutual funds targeting Ant Group's hotly-anticipated IPO kicked off subscriptions on Friday, retail investors found the only non-direct channel through which to buy the products was online payment platform Alipay.. . .  Full story

Israel tightens second-wave lockdown as Netanyahu, critics argue over protest curbs

25/09 Israel was set to impose a tighter nationwide COVID-19 lockdown on Friday as critics accused Prime Minister Benjamin Netanyahu of trying to curb protests against his handling of the health and economic crises.. . .  Full story

Asia Distillates-Gasoil cash discounts widen amid mounting supplies

25/09 Asia's cash discounts for 10 ppm gasoil widened on Friday, hurt by subdued buying interest for physical cargoes amid abundant supplies available in the region. Cash differentials for 10 ppm. . .  Full story

Banks, IT lead rebound in Indian shares on fiscal stimulus hopes

25/09 Indian shares on Friday snapped their longest losing streak since February, boosted by financial and IT stocks, after a media report suggesting more domestic fiscal stimulus was on the way lifted sentiment.. . .  Full story

Vietnam Jan-Sept FDI inflows drop 3.2% y/y to $13.76 bln - govt

25/09 Vietnam received $13.76 billion in foreign direct investment (FDI) in the first nine months of the year, down 3.2% from a year earlier, the Ministry of Planning and Investment said on Friday.. . .  Full story

Thailand to set trade credit terms help smaller firms in pandemic

25/09 Thailand plans to set a rule that that trade credit must be paid within 30-45 days to help ease liquidity problems at businesses, particularly smaller companies, hit by the impact of the coronavirus pandemic,. . .  Full story

Singapore's Aug factory output beats expectations on electronics boom

25/09 Singapore's industrial output in August rose 13.7% from a year earlier, surging past economists' expectations as electronics production rose at its fastest pace in nearly three years, official data showed on Friday.. . .  Full story

Hong Kong stocks post biggest weekly drop in 6 months on renewed virus woes

25/09 Hong Kong stocks ended lower on Friday, posting their biggest weekly drop in six months, tracking a global correction as a resurgence in coronavirus cases globally raised concerns about the pace of economic recovery.. . .  Full story

Indian farmers block roads, railways as protests mount over farm bills

25/09 Thousands of farmers in India blocked roads and railway tracks on Friday in a protest against new legislation that they say could pave the way for the government to stop buying grain at guaranteed. . .  Full story

Brazil to join COVAX vaccine facility, as Chile, Israel, UAE also sign up

25/09 Brazil, which has the world's second-highest coronavirus death toll, has decided to join the global COVID-19 vaccine partnership known as COVAX and will earmark 2.5 billion reais ($454 million) for securing vaccines through it, President. . .  Full story

China on course for record LNG imports as industries recover, expand

25/09 China's imports of liquefied natural gas will likely grow 10% to new highs this year as companies scoop up cheap supplies to cover increasing industrial use and robust residential demand.. . .  Full story

China stocks end flat, post worst weekly fall in over 2 months on virus worries

25/09 China's major indexes ended little changed on Friday, but posted their worst weekly decline since mid-July as a resurgence in COVID-19 cases globally raised concerns about the pace of economic recovery.. . .  Full story

Japan retail property sector leads market as lockdowns ease

25/09 Japanese real estate funds and developers focusing on the retail sector are leading a stock market rally as investors bet the cheaply valued sector will outperform as consumer spending recovers from the coronavirus pandemic.. . .  Full story

Eneos to shift joint venture with PetroChina to Chiba oil refinery

25/09 Japan's biggest oil refiner Eneos Holdings Inc will shift its joint venture with PetroChina Co to Eneos' Chiba refinery after shutting the venture's Osaka refinery next month, Eneos said on Friday.. . .  Full story

Japan shares end higher as traders await more U.S. stimulus

25/09 Japanese stocks rose on Friday, tracking tech-led strength on Wall Street overnight as hopes for more U.S. stimulus offset some concerns about the health of the global economy.. . .  Full story

Thai economy seen back to 'normal levels' within two years-deputy PM

25/09 Thailand's economy is expected to return to normal levels within two years as the government tries to mitigate the global impact of the coronavirus pandemic, a deputy prime minister said on Friday.. . .  Full story

China's August aluminium, refined metal, scrap and ore imports

25/09 Chinese imports of primary aluminium rose their highest in over two decades in August, official customs data showed on Friday, as traders continued to ramp up purchases as aluminium prices fell.. . .  Full story

Japan Aug factory output seen rising for 3rd month but slow recovery seen

25/09 Japan's factory output likely rose for a third straight month in August but at a slower pace, suggesting a recovery in manufacturing activity will be moderate, a Reuters poll showed on Friday.. . .  Full story

India BPCL sale may be delayed to FY22, worsening federal deficit woes - sources

25/09 India's efforts to privatise refiner Bharat Petroleum Corp. Ltd. could spill over into the next fiscal year, according to a government document and sources, hurting New Delhi's efforts to rein in a ballooning fiscal deficit.. . .  Full story

China stocks set for worst week in 2-1/2 months as recovery hopes fade

25/09 China's major indexes flitted in choppy trade on Friday, but are on track for their worst weekly decline since mid-July as the resurgence in COVID-19 cases globally raised concerns about the pace of the. . .  Full story

Indonesia says distribution of social aid has improved, will help economy

25/09 Indonesia's government said on Friday it has significantly improved the distribution of social assistance to the poor to cushion the impact of the coronavirus pandemic.. . .  Full story

JGB prices fall as equities gain on U.S. stimulus hopes

25/09 Japanese government bond prices fell slightly on Friday, as hopes for additional U.S. economic stimulus boosted stocks and curbed demand for safe-haven debt.. . .  Full story

China's Qingdao finds coronavirus on seafood importer's goods

25/09 Health authorities in China's eastern city of Qingdao have found coronavirus contamination on some packages stored by a seafood importer after two of its handlers tested positive for the virus but displayed no symptoms.. . .  Full story

As foreigners depart, Singapore sees population drop for first time since 2003

25/09 Singapore's population has shrunk for the first time since 2003 as travel curbs and job losses brought about by the coronavirus pandemic have pushed foreign workers from the global business hub.. . .  Full story

Air New Zealand begins drawing down government debt facility, flags future capital raising

25/09 Air New Zealand Ltd said on Friday it had begun to draw down on a NZ$900 million ($589.95 million) government debt facility that would give it time to review its capital structure and complete. . .  Full story

Japan stocks rise on U.S. stimulus hopes, tech rebound on Wall St

25/09 Japanese stocks rose on Friday, tracking tech-led strength on Wall Street overnight as hopes for more U.S. stimulus offset some concerns about the health of the global economy.. . .  Full story

Egypt cuts interest rates by 50 bps as inflation subsides

24/09 Egypt's central bank unexpectedly cut its main overnight interest rates by 50 basis points on Thursday, saying exceptionally low inflation gave it room to help boost the economy.. . .  Full story

Dubai Insurance says it has not signed agreement with Israel's Harel

24/09 Dubai Insurance Co said on Thursday it had not signed an official agreement with Israel's Harel, a day after the Israeli insurance group said a deal had been reached.. . .  Full story

Indian farmers intensify protests over new grain bills

24/09 Indian farmers intensified their protests over three new bills that they believe could pave the way for the government to stop buying grain at guaranteed prices, leaving them at the mercy of private buyers such. . .  Full story

Thailand says hoping to help 100,000 tourists to stay longer

24/09 Thai immigration authorities said on Thursday they would help more than 100,000 foreign tourists who were facing penalties for staying in the country too long, as a grace period expires six months after border. . .  Full story

Dubai-listed Arabtec Holding hires AlixPartners for debt advisory -sources

24/09 Loss-making Dubai-listed contractor Arabtec Holding has hired advisory firm AlixPartners to help it restructure the company's debt, two sources familiar with the matter told Reuters.. . .  Full story

India govt to hold H2 borrowing for now; RBI support key - analysts

24/09 The Indian government is unlikely to increase its second half borrowing when it announces its full-year target this month, but will leave room for any hike towards the end of the fiscal year in. . .  Full story

China accuses Chinalco rare earth unit of breaking pollution regulations

24/09 A rare earth subsidiary of state-run Aluminium Corp of China (Chinalco) in Guangxi has repeatedly violated pollution rules and contaminated land, the environment ministry said.. . .  Full story

India ONGC douses fire; gas supplies to industries hit

24/09 A fire at an Oil and Natural Gas Corp (ONGC) plant caused by a pipeline rupture has cut gas supplies to customers including power and fertiliser companies, gas marketing firm GAIL (India) Ltd said on. . .  Full story

COLUMN-China's carbon neutral targets requires enormous shift in priorities: Russell

24/09 Chinese President Xi Jinping has done the easy part of changing the path of the world's biggest polluter to become carbon neutral in setting a target 40 years in the future.. . .  Full story

China's No.2 developer Evergrande pleads for government support to avoid cash crunch

24/09 Debt-laden China Evergrande Group, the country's second largest property developer, has pleaded for government support to approve a restructuring plan that has languished for four years, warning it faces a cash crunch that could lead. . .  Full story

Top Toshiba investor calls for inquiry in widening votes scandal

24/09 Toshiba Corp's top investor has called for an investigation of a botched meeting in July at which it says several shareholders were deprived of their vote, a letter to the Japanese conglomerate's board seen by. . .  Full story

Japan's Hitachi Transport says to scrap tie-up with SG Holdings

24/09 Japan's Hitachi Transport System on Thursday said it and delivery firm SG Holdings had decided to scrap a four-year-old capital tie-up, citing the need for greater flexibility in the coronavirus era.. . .  Full story

Asia Distillates-Gasoil cracks tumble to lowest in nearly five months

24/09 Asian refining profit margins for 10 ppm gasoil plunged to their weakest level in more than four months on Thursday as the region remained awash with supplies. Despite weaker raw. . .  Full story

Japan upgrades view on exports and output but flags economic weakness

24/09 Japan's government upgraded its view on exports, factory output and employment in its September economic report but said its overall assessment was unchanged from last month, as the country continues to struggle with the coronavirus. . .  Full story

Vietnam to rapidly expand macadamia farms as demand rises

24/09 Vietnam is seeking to expand its macadamia farming area fivefold to 50,000 hectares (123,553 acres) over the next five years, aiming to make the nuts one of its key agriculture exports, the government said. . .  Full story

Japan MOF to seek $242 bln for debt servicing FY2021/22 - draft

24/09 Japan's Ministry of Finance is set to seek about $242 billion in debt servicing for the fiscal year from next April 1, up for a third straight year on a budget-request basis, a ministry. . .  Full story

Hong Kong shares end near 4-month low as global recovery hopes falter

24/09 Hong Kong shares closed near a four-month low on Thursday following a selloff in equity markets worldwide, as a resurgence in COVID-19 cases and warnings from U.S. Federal Reserve officials undermined hopes for a. . .  Full story

UAE central bank urges banks to step up anti-money laundering efforts

24/09 The United Arab Emirates central bank said banks should increase anti-money laundering efforts to safeguard financial stability in the country.. . .  Full story

Philippines detects new swine fever outbreaks, eyes more pork imports

24/09 The Philippines' Department of Agriculture said on Thursday it had detected new African swine fever outbreaks in six provinces, raising the possibility that the domestic pork shortfall anticipated by year-end will be bigger than initially. . .  Full story

Philippine bourse to relax listing rules to attract firms

24/09 The Philippines' bourse operator aims to ease requirements on companies planning to go public, in a bid to boost the number of listed firms and raise the profile of a bourse that has been. . .  Full story

Indonesian protesters target government's flagship jobs bill

24/09 Indonesian activists and workers held rallies across the country on Thursday to protest against President Joko Widodo's flagship Job Creation bill, as parliament moves closer to wrapping up debate on a bill that critics say. . .  Full story

JGBs steady to softer as buyers wary after rally

24/09 Japanese government bond prices were steady to slightly lower on Thursday as investors were reluctant to chase debt too far after the market's steady rally over the past few weeks.. . .  Full story

Sumitomo Mitsui Trust finds uncounted shareholder votes at 975 client firms

24/09 Japan's Sumitomo Mitsui Trust Bank said on Thursday it had found about 3.4 million uncounted shareholder votes at 975 clients, after revelations of a botched count at Toshiba Corp's annual meeting.. . .  Full story

China stocks track Wall Street fall to post biggest drop in two weeks

24/09 China shares ended lower on Thursday, after falling the most in more than two weeks, taking cues from an overnight slump on Wall Street on renewed concerns over a coronavirus-led slowdown in global economic recovery.. . .  Full story

Mitsubishi UFJ Lease to buy Hitachi Capital in deal worth $2.8 bln

24/09 Japan's Mitsubishi UFJ Lease said on Thursday it would buy smaller rival Hitachi Capital Corp in a deal calculated at 294 billion yen ($2.8 billion).. . .  Full story

Nikkei succumbs to global pressure as pandemic worries resurface

24/09 Japanese shares succumbed to broad selling pressure in global stocks on Thursday following worries about their high valuation, resurgent coronavirus infections and the spectre of a slowdown in budding economic recoveries worldwide.. . .  Full story

Mizuho Trust says found 22,848 voting forms uncounted in 371 clients

24/09 The trust banking arm of Mizuho Financial Group Inc said on Thursday it had found 22,848 voting forms were uncounted at 371 clients, following on the heels of Sumitomo Mitsui Trust Bank's disclosure of uncounted. . .  Full story

Hong Kong says social media used in 20% of its stock manipulation cases

24/09 Hong Kong's financial markets watchdog said on Thursday that about 20% of the market manipulation schemes it is currently investigating are so-called "ramp and dump scams" conducted via social media.. . .  Full story

China shares track overnight Wall Street slump on recovery concerns

24/09 China stocks fell on Thursday, with energy and technology firms leading losses, following a slump on Wall Street overnight on renewed concerns over slowing global economic recovery due to resurgence of coronavirus cases.. . .  Full story

WeWork sells control of China unit; says unit got $200 mln in funding

24/09 U.S. office-sharing firm WeWork on Thursday said it will sell control of its China division to one of its investors - private equity firm Trustbridge Partners - as it steps back from a competitive. . .  Full story

World on track to overshoot warming limit without massive investments -Woodmac

24/09 The world must combine COVID-19 recovery packages with massive investments in renewable energy and low-carbon infrastructure or it will fail to meet a global warming limit target, a report by leading energy consultancy Wood Mackenzie. . .  Full story

Nikkei slips after Wall St retreats as data signals slow recovery

24/09 Japanese shares slipped on Thursday following hefty overnight losses on Wall Street after U.S. data reaffirmed concerns of a slow global economic recovery, though investor hopes of chunky dividends by next week helped limit losses.. . .  Full story

Some in BOJ warned pandemic could delay Japan's recovery -July minutes

24/09 Some Bank of Japan board members warned a resurgence in the coronavirus pandemic could delay an economic recovery and destabilise its banking system by pushing more companies under, minutes from the bank's July rate. . .  Full story

Saudis warn U.N. of oil spot in shipping lane near decaying Yemen tanker

24/09 Saudi Arabia warned the U.N. Security Council on Wednesday that an "oil spot" had been seen in a shipping transit area 31 miles (50 km) west of a decaying tanker that is threatening to. . .  Full story

COLUMN-China's national security and carbon-neutral target: John Kemp

24/09 China will adopt more vigorous policies to ensure carbon dioxide emissions peak before 2030, and carbon neutrality is achieved before 2060, President Xi Jinping told the United Nations on Tuesday.. . .  Full story

China's slow consumption recovery upset by wary low-income households

24/09 Months after China brought its coronavirus epidemic under control, its consumers are slowly opening their wallets again - but the hard days of lockdowns still weigh on many shellshocked lower-income households, who prefer to hold. . .  Full story

China's post-pandemic recovery has severe regional imbalances - survey

24/09 While China's coastal provinces and major cities are recovering from the coronavirus pandemic, firms in its poorer western and central provinces are falling well behind in metrics like output and sales revenue, a private survey. . .  Full story

PDVSA's customers schedule last oil cargoes amid U.S.-imposed wind-down -sources

23/09 A handful of long-term customers of Venezuela's PDVSA have begun winding down oil trade with the state-run company by scheduling the last cargoes to depart from the sanctioned country ahead of a U.S. deadline, five. . .  Full story

China's national security and carbon-neutral target: John Kemp

23/09 China will adopt more vigorous policies to ensure carbon dioxide emissions peak before 2030, and carbon neutrality is achieved before 2060, President Xi Jinping told the United Nations on Tuesday.. . .  Full story

Geely launches electric vehicle manufacturing platform

23/09 Zhejiang Geely Holding Group launched its first electric vehicle-focused platform on Wednesday, aimed at rolling out a variety of models more efficiently for both the Chinese automaker and its partners.. . .  Full story

Container giant Maersk to ship cargo between UAE and Israel

23/09 Danish shipping giant Maersk said it will now transport ocean cargo between the United Arab Emirates and Israe, a further sign of business opening up after the two countries established full ties.. . .  Full story

Ant Group to raise $17.5 bln via Hong Kong IPO without cornerstone investors -sources

23/09 China's Ant Group plans to raise about half of its $35 billion dual listing in Hong Kong and will not offer a cornerstone tranche as it bets on strong demand from institutional investors, sources. . .  Full story

ADB approves $500 mln loan for Indonesia's pandemic, disaster relief

23/09 The Asian Development Bank on Wednesday approved a $500 million loan for Indonesia, part of about $10.7 billion between 2020 to 2023 it promised for supporting government programmes including coronavirus pandemic relief.. . .  Full story

China's remains net aluminium importer as August shipments surge

23/09 China remained a net importer of aluminium for a second consecutive month, with August imports surging eight-fold from a year earlier as traders took advantage of lower overseas prices.. . .  Full story

Asia Distillates-Jet fuel cash discounts narrow, cracks slide

23/09 Asia's cash discounts for jet fuel narrowed marginally on Wednesday as the front-month spread slimmed its contango, but refining margins for the fuel dropped to their weakest in four sessions amid persistent weakness. . .  Full story

China's August grain, sugar and pork imports

23/09 The table below shows China's imports of major agriculture products in August 2020, according to data released by the General Administration of Customs on Wednesday. The data did not give. . .  Full story

China's August pork imports double from last year -customs

23/09 China's imports of pork in August doubled from a year ago to 350,000 tonnes, customs data showed on Wednesday, as it built its meat stocks to fill a huge shortfall at home.. . .  Full story

Qatar fund emboldens calls for governance change at Lagardere

23/09 Qatar's sovereign wealth fund stepped into the market battle over struggling Lagardere on Wednesday by calling for fair representation for all large shareholders in the French media and publishing group.. . .  Full story

Nearly 36,000 Japan firms shut down business due to COVID-19 - think tank

23/09 Nearly 36,000 Japanese companies have chosen to discontinue their business so far this year, mainly due to the hit from the coronavirus crisis and up sharply from a year ago in a sign of. . .  Full story

BOJ Kuroda says may extend deadline for aid to pandemic-hit firms

23/09 Bank of Japan Governor Haruhiko Kuroda said the central bank was ready to extend its programmes aimed at easing corporate funding strains that expire early next year, as the coronavirus pandemic keeps the economic. . .  Full story

Hong Kong shares end higher after Wall Street's tech bounce

23/09 Hong Kong shares emulated Wall Street's rebound to end higher on Wednesday, though persistent investor concerns about the prospects of fresh Sino-U.S. trade tensions and a slower-than-expected global economic growth capped gains. ** At the. . .  Full story

China stocks close higher as healthcare shares shine on policy boost

23/09 China stocks ended higher on Wednesday, underpinned by gains in tech-heavy start-up board ChiNext and healthcare shares, after the state planner said the country would accelerate development of coronavirus vaccines. ** At the close, the. . .  Full story

S.Korea c.bank to make outright purchase of $1.7 bln worth T-bonds

23/09 South Korea's central bank said on Wednesday it would make outright purchases of treasury bonds worth about 2 trillion won ($1.72 billion) to stabilise the bond market.. . .  Full story

Nikkei ticks down on virus and stimulus worries after long weekend

23/09 Japanese shares eased on Wednesday as the market caught up with the losses in global markets following the country's long weekend, weighed down by fears about rising coronavirus infections and a delay in U.S. fiscal. . .  Full story

EXPLAINER-Foreign access to China's $16 trillion bond market

23/09 Index provider FTSE Russell is set to decide on whether to include Chinese government bonds in its World Government Bond Index on Thursday, potentially opening the way for more foreign participation in China's $16. . .  Full story

Indonesia starts developing controversial food estate project

23/09 Indonesia has started developing a food estate to grow rice, corn and other crops that should eventually span the archipelago and aims to curb reliance on food imports in the world's fourth most populous. . .  Full story

Investors eye new haven in Chinese bonds as index decision looms

23/09 China's recovery from the COVID-19 pandemic and a flurry of market reforms are creating an ideal backdrop for the possible inclusion of its government bonds in a major global index this week.. . .  Full story

Malaysia Airlines defers payments on $362.5 mln Islamic bonds

23/09 Malaysia's national carrier has deferred by six months payments to holders of 1.5 billion ringgit ($362.49 million) in Islamic bonds, CIMB Investment Bank, the facility agent, said.. . .  Full story

JGBs gain as rising virus cases hit risk sentiment, 5-year yield revisits Aug low

23/09 Japanese government bond (JGB) yields dipped on Wednesday, tracking recent falls in global bond yields due to rising concerns about coronavirus infections in Europe and lack of stimulus in the United States.. . .  Full story

Chinese brokerages set for consolidation as holding firms meet tighter rules

23/09 China's securities broking sector is set for consolidation as stricter regulations covering opaque financial holding firms force owners of mid-sized brokerages to divest, analysts and industry participants said.. . .  Full story

China stocks inch higher on healthcare boost

23/09 China stocks inched higher on Wednesday, led by gains in healthcare shares after the state planner said the country will accelerate development of vaccines.. . .  Full story

Fujifilm's Avigan shown to be effective in Japanese Phase-3 trial for COVID-19

23/09 Fujifilm Holdings Corp said on Wednesday a late-stage study of its antiviral drug Avigan showed it reduced recovery times for COVID-19 patients with non-severe symptoms, boosting expectations for regulatory approval in Japan.. . .  Full story

Singapore considers electric harbour boats to cut carbon emissions

23/09 Singapore is seeking proposals on the electrification of small vessels known as harbourcraft as the industry transitions towards a low-carbon future, the Maritime and Port Authority of Singapore (MPA) said in a joint statement on. . .  Full story

China will boost investment in strategic industries - state planner

23/09 China said on Wednesday it will boost investment in strategic industries including core tech sectors such as 5G, artificial intelligence and chips.. . .  Full story

Malaysia's August CPI falls 1.4% y/y, more than forecast

23/09 Malaysia's consumer price index (CPI) fell for the sixth month in a row in August, declining 1.4% from a year earlier, government data showed on Wednesday.. . .  Full story

Nikkei slips on virus and stimulus worries after long weekend

23/09 Japanese shares eased on Wednesday as the market caught up with the losses in global markets following the country's long weekend, weighed down by fears about rising coronavirus infections and a delay in U.S. fiscal. . .  Full story

Sony slides 2% as Microsoft flashes cash to boost games lineup

23/09 Sony Corp's shares slid as much as 2% in Tokyo trade on Wednesday after Microsoft Corp said it would buy the parent of games publisher Bethesda Softworks, in a deal to bolster its games. . .  Full story

China to see bumper grain harvest on good growing conditions

23/09 China should see a bumper grain harvest in the coming weeks because of good growing conditions and an increase in planted acreage, Minister of Agriculture and Rural Affairs Han Changfu said in a statement. . .  Full story