Hyundai Motor commits $21b investment in US through 2028
The move comes as the South Korean auto conglomerate seeks to navigate the Trump administration’s intensified tariff policies.
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Jack Ma-backed Ant touts AI breakthrough built on Chinese chips
Ant is using Nvidia for AI development but is now relying mostly on alternatives like Chinese chips.
Indonesia retains credit rating amid promising growth, but revenue concerns persist
Credit rating agencies warn that a downgrade could be on the horizon if the government struggles to sustain economic growth or allows the fiscal deficit to widen by prioritising…
Unions in Indonesia decry manufacturing layoffs
Factories across the archipelago have laid off almost as many workers in the first two months of this year as in all of 2024, a labor union says, but the government counters that…
China accelerates consumption-driven growth model
The model focuses on enhancing consumption capacity, releasing consumption willingness, optimising consumption environments, and unlocking consumption bottlenecks.
South Korea’s total debt hits record high, among world’s highest
The figure amounts to 2.5 times the country’s gross domestic product.
Wave of layoffs, deflation herald bleak Eid for thousands of Indonesians
Some 60,000 workers from 50 companies lost their jobs in January and February, according to the Indonesian Trade Union Confederation in a media statement on March 15.
South Korea ramps up efforts to reverse US ‘sensitive country’ label
Key officials have been visiting Washington to seek tariff exemptions and request South Korean businesses not face disadvantages.
China’s economy on track to sustain recovery momentum: National Bureau of Statistics
Officials and economists said the better-than-expected demand and supply performance indicates the economy gained steam in the first two months, setting the stage for robust…
Indonesian coconut processing firms axe 3,500 workers amid raw material dearth
The government has agreed to impose a levy on coconut exports and derivatives, but has yet to decide whether to impose an export moratorium as proposed by the industry.