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.
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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.
Allianz calls off deal with Singapore’s Income Insurance after public scrutiny
The German insurer on Dec. 16 said in a statement that it would withdraw its July 17 offer to acquire a 51 percent stake in Income, in a deal valued at $2.2 billion.
India’s Ambani, Adani dropped out of Bloomberg’s $100 billion club this year
The duo, ranked among India’s wealthiest and some of Asia’s richest individuals, have been dropped due to various business challenges.
Not just tariffs: Trump 2.0 could bring some trade deals for Southeast Asia too
With some luck, there might even be a digital free trade agreement (FTA) with ASEAN.
As the world ages, Indonesia sees business opportunities
Colliers senior associate director Ferry Salanto told The Jakarta Post on Tuesday that other regions and big cities in Indonesia also had growth potential in the senior housing…