Electric vehicle sales are surging in Southeast Asia, led by China’s BYD (BYDDF) and Vietnam’s VinFast (VFS), eating into the internal combustion engine car market dominated by Japanese and Korean firms, Counterpoint Research said on Friday. EV sales in the region more than doubled in the January to March quarter from a year before, according […]
By Devjyot Ghoshal BANGKOK (Reuters) – Electric vehicle sales are surging in Southeast Asia, led by China’s BYD and Vietnam’s VinFast, eating into the internal combustion engine car market dominated by Japanese and Korean firms, Counterpoint Research said on Friday. EV sales in the region more than doubled in the January to March quarter from […]
SINGAPORE — Sen. Chris Coons’ trip to Singapore last week began with two notable stops. The first was Taiwan. Shortly before Coons arrived, China launched a military drill near the island nation, which the head of U.S. Indo-Pacific Command called a “rehearsal” of an invasion. The second was to the Philippines, whose vessels face harassment […]
(Bloomberg) — Equity investors are scouring Southeast Asia for alternatives to play the artificial intelligence theme as tech giants pour billions of dollars in infrastructure spending over the next few years. Most Read from Bloomberg Power producers are becoming a favorite as more data centers are set up in the region, thanks to lower energy […]
By Sudarshan Varadhan BANGKOK (Reuters) – Higher electricity demand in Laos due to cryptocurrency mining and erratic rainfall have led to power shortages, an advisor to its state-run utility said, revealing challenges to the nation’s prospects as a hydropower exporter to Southeast Asia. Laos is dubbed the battery of southeast Asia for its hydropower export […]
Hundreds of people died across Asia in recent weeks as the region sweltered under blistering temperatures. And a new study determined a leading factor in how it all happened. Last month, many areas in India saw temperatures well above triple digits. The country’s meteorological service says that heat waves are not uncommon between March and […]
Two of the planet’s richest businessmen are becoming embroiled in India’s increasingly divisive election campaign. The world’s most populous nation is in the midst of a mammoth election in which Prime Minister Narendra Modi is widely expected to secure a rare third consecutive term. Modi is running on his economic record over the past 10 years, a […]
By Summer Zhen and Samuel Shen HONG KONG (Reuters) -Six spot bitcoin and ether exchange traded funds (ETFs) gained in their Hong Kong debut on Tuesday, with the three bitcoin ETFs climbing more than 2% by midday, reflecting Asian investor enthusiasm for cryptocurrency assets. The debuts mark the first launch of spot cryptocurrency ETFs in […]
To some, it’s part of the allure of travelling in South-east Asia: hustling and haggling with a taxi driver at the door of an airport. To anyone bleary-eyed and jet-lagged and already leaching sweat as the air-conditioned terminal gives way to a scorching blast of heat and humidity, it’s probably the last thing wanted after […]
After losing the number one spot to Bangkok in 2023, Tokyo has reclaimed its crown as the city with the top eatery in the region at the annual Asia’s 50 Best Restaurants Awards, which were announced in Seoul, South Korea on Tuesday evening. Sézanne, which has made a name for itself by offering finely crafted […]
(Recasts to lead on Chinese markets, updates prices) By Rae Wee SINGAPORE, March 22 (Reuters) – Chinese stocks were a sea of red on Friday and the yuan fell sharply, dragging down the broader mood in Asia and putting a dent in the rate cut rally after a surprise move from the Swiss National Bank […]
NEW DELHI (AP) — What happens when the son of Asia’s richest man is about to get married? His father throws a three-day prenuptial bash four months before the actual ceremony. Tycoons from around the world, heads of state, as well as Hollywood and Bollywood stars descended on the small western Indian city of Jamnagar […]