South Korea Welcomes U.S. Extension on EV Tax Credits
South Korea has welcomed the U.S. decision to extend electric vehicle tax credits for cars containing Chinese graphite until 2026.
Taiwan Earthquake Shakes Up Semiconductor Supply Chain
A massive 7.2-magnitude earthquake rocked Taiwan's eastern coast last Wednesday, causing not only tragic loss of life but also significant ripples in the semiconductor industry.
Taiwan Earthquake Shakes Up Semiconductor Industry
Taiwan's biggest quake since 1999 could jolt the semiconductor supply chain across Asia.
Gucci's Slip as Kering's Shares Take a Hit Amidst Warning of First-Quarter Sales Dip
Kering, a renowned French luxury brand, witnessed a significant decline in its shares, marking its worst performance to date.
PayCargo Expands into Asia, Tapping into Hong Kong's Logistics Hub
PayCargo, a US-based logistics payment platform, backed by Blackstone, is entering the Asian market via Hong Kong, leveraging its status as a major air cargo hub.
U.S. Aims to Strengthen Indo-Pacific Defense Cooperation
The U.S. is ramping up defense industrial cooperation with Indo-Pacific partners like Japan, India, and others to bolster supply chain resilience amid threats, particularly from China.
Uzbekistan's Groundbreaking Green Hydrogen-Wind Plant Paves the Way
Central Asia is making strides in combating climate change with the construction of its first green hydrogen-wind plant in Uzbekistan.
Lazada Initiates Layoffs Amidst Southeast Asian E-commerce Competition
Lazada, the Southeast Asian e-commerce platform owned by Alibaba, has initiated a new round of layoffs that will be affecting employees across all Southeast Asian markets.
San Francisco Gears Up for APEC Conference Amidst Homelessness Challenge
Workers in San Francisco are preparing the city for the Asia-Pacific Economic Cooperation (APEC) conference, where politicians, executives, and journalists from around the world are expected to gather.
US to Fund $553 Million Container Terminal Project in Sri Lanka Amid Global Competition with China
The United States has announced a $553 million project to construct a deep-water shipping container terminal in Sri Lanka's Port of Colombo.
Supply Chain Shift from China to Southeast Asia Could Fuel Middle-Class Growth
Liew Chin Tong, Malaysia's deputy minister of investment, trade, and industry, believes that the diversification of supply chains away from China presents a significant opportunity for Southeast Asian countries.
Former US and South Korean Officials Discuss the Need for Western-led Trade Pacts in Asia
During a panel discussion, former officials from the US and South Korea debated the necessity of having both the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Indo-Pacific Economic Framework (IPEF) in the Asia-Pacific region.
U.S. Treasury Secretary Janet Yellen Highlights the Importance of Strengthening Ties with Vietnam
U.S. Treasury Secretary Janet Yellen emphasized the importance of strengthening economic and security ties with Vietnam during her visit to the country, as part of the United States' efforts to build relationships in Asia.
Asia to Spearhead Air Traffic Boom in Coming Decades, Predicts Airbus
Airbus forecasts that over the next 20 years, approximately 40,850 new jets will be delivered by aircraft manufacturers as airlines expand their fleets and replace older planes with more fuel-efficient models, with Asia being a significant driver of this growth.
In the UAE plans are underway to establish a massive freight grid
Swedish electric and autonomous trucking company, Einride, has signed a Memorandum of Understanding (MOU) with the United Arab Emirates (UAE) to develop a freight mobility grid called Falcon Rise.
Production at Toyota Indus has been temporarily halted
Toyota Indus, a subsidiary of Toyota operating in Pakistan, has announced the complete shutdown of its production plant in Karachi from June 3 to June 8, 2023.
Conclusion in Sight: US and Indo-Pacific Trade Talks
After months of discussions and negotiations, the trade talks involving 14 countries are finally approaching an agreement regarding the crucial coordination of their supply chains.
Supply Chain Challenges to Benefit India, Experts Say
According to a survey conducted by the World Economic Forum, over 70% of economists believe that India will benefit from the global economic turbulence.
Evergreen Orders Multi-Billion Dollar Boxships
Taiwan's Evergreen has released a tender for twenty-four 16,000 TEU methanol dual-fuel ships, with each unit estimated to cost $180 million.
Current Business Enthusiasm for India Explained
India's economic growth and business opportunities have attracted a lot of attention and investment from international corporations.