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Manufacturing asian news

Reuters - Singapore’s economy expands on back of manufacturing sector rebound - scmp.com - Singapore - city Singapore

Singapore’s economy expands on back of manufacturing sector rebound

The better than expected figure and an upwards revision to first quarter data to 3.0 per cent led economists to upgrade their gross domestic product (GDP) forecasts for the year. Singapore’s trade-dependent economy often functions as a bellwether for the economic health of Asia that belies its size.

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Laura He - Beijing steps up probe into EU brandy imports as trade tensions deepen after tariffs on Chinese EVs - edition.cnn.com - China - Hong Kong - Eu - province Jiangsu - city Beijing

Beijing steps up probe into EU brandy imports as trade tensions deepen after tariffs on Chinese EVs

Hong Kong CNN —

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Biman Mukherji - India’s Modi expected to curb populist welfare spending in pro-growth budget - scmp.com - Japan - India - Germany

India’s Modi expected to curb populist welfare spending in pro-growth budget

Modi’s ruling Bharatiya Janata Party (BJP) is dependent on coalition allies in the National Democratic Alliance (NDA) following the loss of 63 seats in the April-June elections, which reduced the BJP’s tally to 240 from 303 seats in 2019.

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Kate Rogers - GlobalFoundries races to find semiconductor talent as demand for chips soars - cnbc.com

GlobalFoundries races to find semiconductor talent as demand for chips soars

The semiconductor industry is recruiting workers in a tight labor market as the competition for talent ramps up and funding from the CHIPS and Science Act designed to spur domestic production continues to be dispersed.

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Nikkei staff writers - Japan's electronic parts makers boost capital spending by 5% - asia.nikkei.com - Japan - city Tokyo

Japan's electronic parts makers boost capital spending by 5%

TOKYO/KYOTO, Japan -- Japan's electronic components makers are boosting capital spending by 5.4% this fiscal year, as automobiles continue to incorporate more electrical parts for everything from hybrid drivetrains to advanced driver-assistance systems. 

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Arjun Kharpal - European Commission - China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe - cnbc.com - China - Eu - city Shanghai

China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe

The European Union on Thursday confirmed its decision to hike tariffs on electric vehicles imported from China — with one automaker issuing fresh warnings that it may have to raise prices as a result.

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RAMON ROYANDOYAN - Nikkei staff writers - ATSUSHI TOMIYAMA - ASEAN wage hikes worry industries benefiting from supply chain shift - asia.nikkei.com - Vietnam - city Hanoi - city Ho Chi Minh City

ASEAN wage hikes worry industries benefiting from supply chain shift

TOKYO/MANILA/BANGKOK/KUALA LUMPUR -- Southeast Asia's major manufacturing hubs are raising their minimum wages in the second half of this year, potentially forcing companies to rethink their strategies as the region draws more investments and becomes a larger part of the global supply chain.

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India's TCS beats first quarter revenue estimates - asia.nikkei.com - India - city Mumbai

India's TCS beats first quarter revenue estimates

BENGALURU (Reuters) -- Tata Consultancy Services, India's top IT services company, reported a slightly bigger-than-expected first-quarter revenue on Thursday helped by the executionof large deals agreed to in previous quarters and boost from manufacturing segment.

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