Honda, Nissan struggle to fight back in China price war as BYD’s sales climb higher
The two Japanese carmakers are experiencing a severe decline in sales in the country, down about 50% from five years ago.
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Honda, Nissan business integration fueled by concerns over outside influence, vulnerability to investors
Even with this possible integration, which is largely seen as Honda saving Nissan, it is still unclear whether the two will survive what has been called a “once in a century”…
Malaysian special Parliamentary committee draws up recommendations to ease rising cost of living
The body cited monopolies and cartels to be among the main reasons behind the increased prices of goods.
Indonesia welcomes more Chinese EV makers, but hurdles remain in journey to become regional hub
Thailand, which has the largest EV market in ASEAN, offers more liberal policies compared with Indonesia. Foreign investors see it as an attractive manufacturing hub, as they are…
Despite revamped proposals, Nippon-US Steel deal on track to be blocked, letter shows
The letter, sent Saturday, sets the stage for U.S. President Joe Biden, who has long opposed the deal, to block it.
Japan’s Honda and Nissan in preliminary merger talks: Reports
A tie-up would help them better compete against Tesla and other electric vehicle makers, the Nikkei, the Financial Times and others said.
Indonesia’s Golden Visa investments reach US$559k, below annual target
The Directorate General of Immigration has set an ambitious goal for investment from golden visa recipients, and while a substantial sum has been amassed, it is less than half the…
China further expands its visa-free transit policy
The country extends the maximum amount of time foreigners are allowed to stay under the policy to 10 days from the previous 72 or 144 hours, the National Immigration…
Trust in Japan’s financial industry at risk after spate of scandals rocks sector
Scandals reveal that organisational checking systems were poorly managed at the financial institutions, says Shinji Hatta, a professor emeritus at Aoyama Gakuin University who is…
Indonesia proceeds with VAT hike but rolls out incentives to soften blow
The government is proceeding with its plan of hiking value-added tax to 12 percent at the turn of the year but has announced multiple incentives to soften the blow for consumers.