China’s food delivery giant Meituan fined for monopolistic behaviour
Officials say Meituan abused its dominant market position to compel merchants to sign exclusive agreements with its platform.
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India has adequate coal stock , says coal ministry
The country faces an energy crisis with coal stocks set to dwindle to an all time low.
China to bolster power, coal supplies
China to bolster power, coal supplies
TSMC leads pushback in Taiwan against Biden’s chip data bid
The US Commerce Department has asked companies in the semiconductor supply chain to fill out questionnaires by Nov 8 on the ongoing chip shortage.
Grab buys Tokopedia’s, Lippo’s shares in OVO
Digital payment giant OVO confirmed the deal earlier this week.
Viet Nam to divest from six major enterprises by early 2022
The divestment is expected to fetch the government about US$652-870 million for the State budget.
Korean Air’s acquisition of Asian Airlines on a bumpy road
The takeover would give birth to one of the world’s ten biggest airlines.
IPOs highlight imminent successions at Korean chaebol
Market watchers perceive the moves as a chance to give cash-hungry siblings options to solidify legitimate control over the family-owned conglomerates.
Indonesia to reopen Bali for foreign tourists on Oct 14
Foreign nationals, however, will have to quarantine for eight-days at their own expense.
Thai rice glut expected as importers cancel orders
Many orders from the US and Europe for Thai jasmine rice have been cancelled due to high freight costs.