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BANGKOK -- The Thai government touched off a domino effect when it started throwing subsidies at Chinese electric vehicle makers, industry figures say as they watch the resultant massive oversupply of EVs ignite a price war in the combustion engine auto segment, now suffering from production cuts and plant closures.
SINGAPORE -- Singapore's central bank on Friday kept its monetary policy unchanged for a fifth consecutive meeting, even as the latest inflation figures came in lower than expected.
SYDNEY -- Construction of nuclear power plants is emerging as a key policy topic ahead of 2025 general elections in Australia, as voters, who had long resisted adopting nuclear energy, shift their views amid inflation.
HANOI -- The state funeral of Nguyen Phu Trong, the late general secretary of Vietnam's ruling Communist Party, started here Thursday with dignitaries from Japan, China and other countries on hand.
TOKYO -- Renesas Electronics saw net profit for the first half of 2024 tumble 29% on the year after overestimating demand, the Japanese chipmaker announced Thursday, sparking a sell-off that sapped 760 billion yen ($4.9 billion) from its market capitalization in one day.
SEOUL -- Hyundai Motor said on Thursday that its operating profit increased 0.7% in the second quarter to 4.3 trillion won ($3.1 billion) from the same period last year as strong hybrid sales offset falling demand for electric vehicles.
JAKARTA -- Indonesia has launched a "golden visa" that allows investors and professionals with coveted skills to stay in the country for five or 10 years.
TOKYO -- Japan's benchmark Nikkei Stock Average on Thursday recorded its largest single-day fall in eight years, as professional investors turn their attention to the adverse impact of the weak yen.