Category: Asia Focus

BYD Co. has reported another significant dip in its quarterly profit, a trend that highlights growing challenges for the Chinese electric vehicle manufacturer. The company's financial struggles are attributed to increasing domestic competition and intensified scrutiny within the rapidly expanding electric vehicle market.

The latest figures reveal a sharp drop in profit, signalling a tough period for BYD as it grapples with shifting market dynamics. The EV giant,

The Washington-based media outlet Radio Free Asia announced that it will suspend all editorial content production from Friday, citing critical funding shortfalls triggered by the federal government shutdown and delays in appropriations. The decision marks the first full shutdown of its news services since the broadcaster’s founding in 1996.

Chief Executive Bay Fang explained that the organisation is “forced to suspend all remaining news content production … for the

China’s securities regulator has rolled out a sweeping reform package designed to simplify access for overseas institutional investors and bolster long-term capital flows into its stock and bond markets. The China Securities Regulatory Commission announced that it will streamline the existing regime for the so-called qualified foreign investor framework, including loosening qualification thresholds, expanding investment scope and reducing administrative friction.

At a policy forum in Beijing, CSRC Chairman Wu Qing

Japan’s exports rose by 4.2 % in September compared with a year earlier, marking the first increase after five consecutive months of decline. The rebound was driven by a 12.6 % jump in shipments of semiconductors and electronic components as demand across Asia strengthened. Meanwhile shipments to the United States fell by 13.3 %, reflecting persistent tariff pressures.

The official data released by the Ministry of Finance show

Tokyo’s financial regulator is advancing a proposal that would permit domestic banks to directly invest in cryptocurrencies such as Bitcoin and operate crypto exchanges, marking a significant shift from earlier restrictions. The Financial Services Agency is set to present its plans to the Financial System Council—an advisory body to the prime minister—later this month.

Under the existing regime promulgated in 2020, Japanese banks have been effectively barred

Abidjan — The World Food Programme has secured a US$9.3 million grant from the Korea International Cooperation Agency to support a five-year school meals and resilience programme across northern Côte d’Ivoire. The initiative will target 200 primary schools and 50,000 pupils from 2025 to 2029, backed by support for local farmers and community health efforts.

Under the partnership, WFP will channel the Korean funding into

The Philippines has accused a Chinese coast guard ship of deliberately ramming and deploying a water cannon on a Philippine government vessel near Thitu Island in the disputed Spratly archipelago, causing minor damage but no injuries, according to Manila’s coast guard.

Manila says three Philippine government vessels were anchored off Thitu to support local fishermen when Chinese ships approached and fired water cannon. One Chinese coast guard ship

Macau has unveiled an integrated resort-hospital at Studio City, combining high-end medical services with entertainment in a move aimed at redefining medical tourism. The facility, operated by Hong Kong’s iRad in partnership with Melco Resorts, features on-site MRI and CT capabilities within a 15,000 sq ft footprint — a first of its kind globally.

This development marks a deliberate pivot in Macau’s strategy to reduce its dependence on gambling

Japanese farmers have turned to cutting-edge technology in an attempt to safeguard their poultry from increasingly frequent predation by wild animals. The innovative solution: automated laser drones. These high-tech devices, which combine the precision of laser technology with aerial autonomy, are designed to deter predators like foxes and hawks from attacking chickens.

The rise in wildlife predation on farms has become a growing concern for

Tesla has introduced stripped-down “Standard” versions of its Model Y and Model 3 in China, priced at about US$39,990 and US$36,990 respectively, in an effort to stem declining demand. The clean, steep drop into affordability came with a catch: several key features have been removed. The move has triggered wide disquiet and mixed sentiment across Chinese social media platforms as observers weigh its significance for Tesla’s China fortunes.

Tesla

The World Bank has trimmed its projection for South Asia’s economic expansion in 2026, citing elevated U. S. tariffs on Indian exports as a key drag. The region’s growth is now forecast at 5.8 percent, down from 6.6 percent this year.

The updated “South Asia Development Update” flags the U. S. trade measures as a major headwind, especially given India’s size and its integration into regional supply chains. The

The Bifrost subsea cable system has been certified as Ready for Service, paving the way for commercial data traffic between Singapore and the western United States.

Stretching more than 20,000 km, Bifrost charts a novel route via Indonesia—across the Java Sea and Celebes Sea—enabling the first direct subsea connection between Singapore and the U. S. West Coast. Its design supports over 260 Tbps of capacity, and the

The overnight Hong Kong Interbank Offered Rate surged to 5.018 %, marking its first breach of 5 % this year amid tightening liquidity pressures tied to quarter-end demand.

Liquidity in the local banking system has become deeply constrained as the aggregate balance of Hong Kong dollar deposits plunged to historically low levels and the Hong Kong Monetary Authority continues active currency-peg defence. The jump in HIBOR reflects

Dubai-based AMIS Development has received the opening tranche of Dh5 billion from Singapore’s First APAC Fund VCC, following a memorandum signed in November 2024 to invest the full amount over time. The capital injection will be used to accelerate AMIS’s land acquisitions, expand its project pipeline, and progress ongoing luxury residential developments across Dubai.

Founder and CEO Neeraj Mishra confirmed that the funds are earmarked for strategic purchases

Under the new agreements, Chinese manufacturer XCMG will supply up to half of the electric 240-tonne haul truck fleet, with deliveries phased between

A high-profile gathering scheduled for 29 September in Singapore will convene health professionals, AI innovators and medtech entrepreneurs to examine the evolving intersection of artificial intelligence and clinical care. Titled CliniConnect: AI X Healthcare SG Edition, the event aims to catalyse collaboration across disciplines and continents.

Organisers say the agenda will include interactive panels, pitch sessions, and roundtable debates focused on real-world adoption of AI in diagnostics, hospital systems,

Fitch Ratings changed Thailand’s long-term foreign-currency issuer outlook to Negative from Stable, citing mounting pressures on public finances, fragile growth prospects and ongoing political fragility. The sovereign rating itself remains at BBB+.

The credit agency warned that escalating risks to fiscal stability — especially rising debt and persistent budget deficits — are aggravated by uncertainty over government continuity and policy direction. Economic growth slowing below peer averages

China’s solar manufacturing industry is under pressure as Beijing intensifies efforts to restrain aggressive pricing tactics and eliminate surplus capacity. The National Energy Administration has signalled that firms engaging in destructive price competition will face stricter oversight, while draft regulations threaten shutdowns of plants that fail to comply with energy efficiency standards.

Wang Hongzhi, head of the NEA, published a directive ordering more balanced alignment between supply and

China is pursuing arrangements with allied central banks to store foreign sovereign gold within its territory, aiming to elevate its influence over global bullion holdings. The People’s Bank of China is deploying the Shanghai Gold Exchange as a vehicle to attract sovereign clients to park bullion inside China. At least one Southeast Asian country has expressed interest.

Officials involved say that the proposal involves central banks of “friendly” states

Hong Kong’s technology sector soared as benchmarks hit their highest point since 2021, supported by mounting investor confidence in China’s artificial intelligence ambitions. The Hang Seng Tech Index jumped about 4.2%, reaching a level not seen since November 2021, while Alibaba, Baidu and other major players saw robust gains on optimism around AI innovation.

Baidu led the charge, climbing roughly 16% in Hong Kong trading—its biggest surge since

A leading real estate industry association in Hong Kong has pressed the government to establish a HK$20 billion fund to buy up distressed properties, arguing that failing to act risks allowing systemic financial risks to spread through the banking and property sectors.

The proposal arrives as banks in the territory are increasingly exposed to loans tied to properties that are losing value. Major lenders such as Hang Seng Bank

Beijing is preparing to roll out limited fiscal and monetary support as China faces weakening growth, dimming export demand and a fragile property sector. Analysts expect modest interest-rate cuts and additional spending, but size and scope will be constrained by a heavy debt burden and local government financing risks.

Official data shows industrial output rose 5.2% year-on-year in August, the slowest since August 2024, while

Hesai Group’s shares surged in their Hong Kong debut, trading above its IPO price after the lidar‐sensor maker raised approximately HK$4.16 billion in its secondary listing.

Trading under code 2525, the stock opened at HK$229.20, about 7.7 per cent above the offer price of HK$212.80. Demand was strong: the international tranche was oversubscribed around 14 times, while the Hong Kong public tranche drew nearly 168.65 times subscription.

Singapore is witnessing a sharp decline in wealthy mainland Chinese individuals relocating to the city-state, driven by stricter financial regulation, tougher compliance requirements, and more burdensome permanent residence and family-office rules. The flow is shifting instead toward Hong Kong, Japan and the Middle East.

Applications from wealthy Chinese seeking family office status or residency in Singapore have dropped by about 50 per cent compared to 2022, according to legal