Indonesian government tightens rules on palm oil firms’ mandatory land allocation for smallholders
New rules require firms to give 20 percent of their land to smallholders before the government extends their permits.
Business
US Commerce nominee’s skeptical remarks put South Korean chipmakers on edge
For Korean chipmakers Samsung Electronics and SK hynix, which are investing tens of billions of dollars to build advanced chip manufacturing facilities in the US, the possibility…
Jewel Changi Airport reports record footfall of over 80 million in 2024
Announcing this on Jan 27, the operator of the retail and entertainment complex at Changi Airport said it saw a 10 per cent year-on-year increase in footfall from about 74 million…
As Apple Pay expands in Korea, concerns raised over local card issuer fees
According to industry sources, Apple is in the process of finalizing partnerships with Shinhan Card and KB Kookmin Card, potentially ending the exclusivity Apple Pay has had with…
Japan’s Nissan Motor to cut nearly 2,000 jobs in US plants; to reduce US production by about 25%
Management integration negotiations between Nissan and Honda Motor Co. are being held on the precondition that Nissan implements business restructuring, so Nissan aims to make…
Amid global price increases, Cambodia’s rubber exports drop as domestic demand rises
Khun Kakada, acting director-general of the rubber department, explained that although the volume of latex exported decreased slightly, the Kingdom’s actual rubber yield…
Chinese exporters expand markets amid potential US tariff hikes
Many Chinese exporters said they are also placing strong emphasis on driving innovation to mitigate the effects of potential tariff hikes, aiming to maintain competitiveness in…
Indonesian government to require exporters to keep 100% earnings onshore for a year
Coordinating Economic Minister Airlangga Hartarto went on to say that the new arrangement might bring in $90 billion in potential foreign exchange reserves.
PM Paetongtarn arrives in Davos, meets business leaders to boost investment in Thailand
The Prime Minister held discussions with senior executives from leading companies, including DP World, Nestlé, and Coca-Cola.
India’s coffee exports surge to $1.29 billion in FY 2023-24
India, now the seventh-largest coffee producer globally, achieved exports worth US$1.29 billion in FY 2023-24, nearly double the $719.42 million recorded in 2020-21.