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MANILA -- The Philippines is committed to prioritizing diplomacy in resolving maritime tensions with China, underscoring a strategy of peaceful assertion of sovereignty in the disputed South China Sea, Foreign Affairs Secretary Enrique Manala has said in written replies to Nikkei Asia.
LONDON -- The European Commission on Thursday confirmed hefty import tariffs on EVs made in China, with negotiations continuing ahead of a definitive vote by member states in October on whether to lock in the rates for the next five years.
MANILA/TOKYO -- The Philippines and Japan are set to elevate their security partnership when their defense and foreign ministers hold a crucial "two-plus-two" meeting in Manila on Monday amid worsening tensions between the Southeast Asian country and China in the South China Sea.
HONG KONG -- State-affiliated property developer China Vanke is expecting a net loss of as much as 9 billion yuan ($1.24 billion) in the first six months of 2024 as falling prices for new homes hit its margin.
TOKYO -- Tokyo Disney operator Oriental Land on Tuesday announced it will invest 330 billion yen ($2 billion) to bring Disney cruises to Japan as it seeks to grow beyond its theme parks and capture more tourist spending.
TOKYO -- Overseas asset purchases by Japanese individuals through a newly revamped tax-free investment scheme have emerged as a major factor driving down the yen, with their scale likely surpassing the country's trade deficit during the first half of this year.
TOKYO -- The Japanese government will offer financial assistance to domestic companies, including Kansai Electric Power (KEPCO), for an inter-island power transmission project in Indonesia. The move is part of Tokyo's efforts to become a player in Southeast Asia's grid development as China flexes its economic muscle in the region.
TOKYO -- Japanese pharmaceutical company Eisai is developing an Alzheimer's disease treatment that targets a protein linked to symptoms, aiming to release it in the U.S. by fiscal 2030, Nikkei has learned.