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BANGKOK -- Thai petrochemical producer Indorama Ventures will pull back on acquisitions to focus on curbing debt, Group CEO Aloke Lohia told Nikkei, as the company grapples with growing competition from inexpensive Chinese products.
BANGKOK -- Civilian casualties in Myanmar caused by landmines and other explosive devices tripled in 2023, as the three-year civil war there entered a new phase of intense fighting with ethnic armed groups gaining territory from the military regime.
SEOUL -- Samsung Electronics unveiled a new line of AI-based home appliances on Wednesday, including refrigerators and washing machines equipped with screens and voice recognition, as the company hopes to use high-value-added products to fight off Chinese competition.
TOKYO -- Seven central banks will join with private-sector lenders to test the use of "tokenized" money on a digital ledger for faster, cheaper international transactions, which could mark a step toward a new settlement system.
SEOUL -- SK Hynix will spend $3.9 billion to build an advanced chip packaging fabrication plant in the U.S. state of Indiana, as the administration of President Joe Biden aims to revive the domestic semiconductor manufacturing sector.
SHANGHAI -- U.S. Treasury Secretary Janet Yellen is due to arrive Thursday in Guangzhou, on a mission to stabilize ties with China while pressing officials on industrial overcapacity that looms over the global economy.
TOKYO -- Japan and the U.S. are revising the command-and-control framework governing their defense forces to better coordinate in regional operations.
TOKYO -- Japan, the U.S. and the Philippines will set up a joint cyberdefense framework, aiming to protect government agencies and critical infrastructure amid rising attacks from China, Russia and North Korea.