Japan is considering tax reform to attract foreign financial firms and skilled workers in an effort to improve the country's standing as a global financial centre, the Financial Services Agency said in annual policy guidelines released Monday.
BANGKOK: Thailand delayed on Monday (Aug 31) its US$724 million purchase of two submarines from China, following public outrage over the controversial deal as the kingdom's economy flatlines due to the coronavirus pandemic. Under a 2015 deal, Thailand was one of the first countries to buy Chinese ...
Israeli defence company Elbit Systems said on Monday its U.S. subsidiary won a contract to supply the U.S. Army with gunner hand stations, commander hand stations and circuit cards for the Bradley Infantry Fighting Vehicle.
Electrical equipment maker Philips on Monday said the U.S. Department of Health had cancelled the bulk of an order for 43,000 hospital ventilators, leading it to cut its 2020 earnings outlook.
SINGAPORE: Singapore’s social safety nets must adapt to the “major changes” in the economy and labour market so as to keep inequality in check, said Deputy Prime Minister Heng Swee Keat on Monday (Aug 31) in Parliament. With economic changes picking up pace and job disruptions due to technology...
China's "big four" banks have suffered a rare profit decline in the first half of the year, joining a growing body of financial institutions worldwide that have been hit by the coronavirus pandemic.
The Australian operation of Chinese telecommunications equipment maker Huawei said on Monday it would end its sponsorship of a national rugby league team a year earlier than expected due to a downturn in its business.
Anchor Dhobie de Guzman has been the face of a popular news show in the northern Philipines for more than a decade. Now the closure of his regional station -- and dozens of others countrywide -- has left him out of work.
TOKYO: At a factory south of Japan's Toyota City, robots have started sharing the work of quality-control inspectors, as the pandemic accelerates a shift from Toyota's vaunted "go and see" system which helped revolutionise mass production in the 20th century. Inside the auto-parts plant of Musashi ...
SHANGHAI: China said on Monday (Aug 31) it had launched an anti-subsidy investigation on some wine imports from Australia, two weeks after announcing it had begun an anti-dumping probe on such imports. The investigations come against a backdrop of increasing tensions between the two countries ...
