Toyota boosts electric vehicle sales target

Toyota hiked its electric vehicle sales goal by 75 per cent on Tuesday, unveiling a more ambitious plan for the sector as part of efforts to drive down carbon emissions.
14 December 2021, 18:00 PM

Asia stocks steady after Wall St rally

Asia stocks held steady yesterday, despite a record-smashing lead from Wall Street, ahead of a week of major monetary policy announcements around the world.
13 December 2021, 18:00 PM

Afghan currency slides on bank collapse fears

Afghanistan’s currency hit 100 to the US dollar Tuesday, losing five percent of its value in one day in a panic triggered by fears that one of the country’s biggest banks could collapse, traders said.
8 December 2021, 18:00 PM

Japan PM seeks to boost workers’ wages

Japanese Prime Minister Fumio Kishida vowed on Monday to ensure worker wage hikes to protect the economy from rising global inflation, while strengthening the country’s defences as it deals with an assertive China and unpredictable North Korea.
6 December 2021, 18:00 PM

Vietnam police smash $3.8b cryptocurrency ring

Vietnamese police have smashed a huge cryptocurrency ring worth around $3.8 billion, state media said Friday, as authorities battle rampant illegal gambling in the country.
4 December 2021, 18:00 PM

Malaysia to investigate Dyson decision to cut ATA ties

Malaysia said on Friday it will investigate British home appliance maker Dyson’s decision to sever ties with ATA IMS over the Malaysian supplier’s labour practices.
27 November 2021, 18:00 PM

Afghan Hazara elders pledge support for Taliban rulers

More than 1,000 Afghan Shia Hazaras yesterday pledged their support to the country’s new Taliban rulers, insisting that the “dark period” of
25 November 2021, 18:00 PM

Coal, an unavoidable pollutant in the harsh Afghan winter

At a Kabul market, coal is arriving by the tonne as the winter cold sets in.Even as prices rise, Afghans have few options but to burn it for heat, creating some of the world’s most dangerous air.
24 November 2021, 18:00 PM

Most Asian markets drop on renewed Covid, inflation concerns

Asian markets mostly fell Monday with fears about renewed containment measures to battle a surge in European Covid cases adding to growing speculation that central banks will have to tighten monetary policy quicker to tame a spike in inflation.
22 November 2021, 18:00 PM

Sri Lanka ends farm chemical ban as organic drive fails

Sri Lanka abandoned its quest to become the world’s first completely organic farming nation on Sunday, announcing it would immediately lift an import ban on pesticides and other agricultural inputs.
21 November 2021, 18:00 PM

Sri Lanka shuts only oil refinery as dollar shortage bites

Sri Lanka shut its only oil refinery Monday after running out of dollars to import crude, in an escalating economic crisis that has triggered shortages of food and other staples.
16 November 2021, 18:00 PM

Singapore migrant workers suffer under Covid curbs

Bangladeshi migrant worker MD Sharif Uddin used to spend his days off with friends outside his cramped Singapore dormitory, but coronavirus curbs have for 18 months left him stuck inside during his spare time.
13 November 2021, 18:00 PM

China’s forex reserves rise for first time since July

China’s foreign exchange reserves in October rose on a monthly basis for the first time since July, official data showed on Sunday, as the dollar slipped against a basket of other major currencies.
7 November 2021, 18:00 PM

China’s trade surplus with US stands at $40.75b

China’s trade surplus with the United States was $40.75 billion in October, Reuters calculations based on customs data showed on Sunday, down from $42 billion in September. For the first ten months of the year, the surplus was $320.67 billion.
7 November 2021, 18:00 PM

Chinese delivery riders on the edge

Handing over a piping hot meal at exactly the time promised, Chinese food delivery driver Zhuang Zhenhua triumphantly tapped his job as complete through the Meituan app -- and was immediately fined half of his earnings.
7 November 2021, 18:00 PM

China sets target for coal use at power plants by 2025

China plans to reduce average coal consumption during electricity generation at power plants to improve energy efficiency and lower greenhouse gas emissions.
3 November 2021, 18:00 PM

Most markets rise in Asia

Asian markets mostly rose Tuesday as traders bided their time ahead of key central bank meetings this week that are expected to see officials begin withdrawing their vast pandemic-era financial support, while keeping a wary eye on inflation and supply chain snarls.
2 November 2021, 18:00 PM

Japan to shorten quarantine for inbound business travellers

Japan’s government plans to shorten Covid-19 quarantine periods for inbound business travellers from 10 days to 3, public broadcaster NHK reported on Tuesday.
2 November 2021, 18:00 PM

Asian factories shake off lockdown blues

Asia’s factory activity stepped up a gear in October as emerging economies saw Covid-19 infections subside, but rising input costs, material shortages and slowing Chinese growth cloud the outlook, business surveys showed on Monday.
1 November 2021, 18:00 PM

China says coal supply improving

China’s coal supply situation has seen significant improvement with joint efforts from coal producers, logistics and downstream users, while coal prices have also stabilized, said the state planner.
1 November 2021, 18:00 PM