Saturday, October 19

Tag: Southeast Asia

U.S. Companies Are Finding It Hard to Avoid China
12Dec By adminNo Comments
World

U.S. Companies Are Finding It Hard to Avoid China

Dec. 11, 2023 11:00 pm ETHONG KONG—American companies, under heavy pressure to reduce their exposure to China, are increasingly turning to factories in places such as Vietnam, Indonesia and Mexico.Many are finding it hard to avoid China, however. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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TikTok to Invest More Than $1.5 Billion in GoTo to Restart Indonesia E-Commerce Business
11Dec By adminNo Comments
World

TikTok to Invest More Than $1.5 Billion in GoTo to Restart Indonesia E-Commerce Business

Updated Dec. 11, 2023 4:29 am ETBytedance’s TikTok will invest more than $1.5 billion in a deal with GoTo Group that will allow the Chinese video-sharing app to resume retail operations in Indonesia, one of its most successful e-commerce markets.The companies said Monday that TikTok Shop Indonesia and GoTo’s Tokopedia e-commerce platform will be combined under the existing Tokopedia entity, with TikTok taking a 75% controlling stake.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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North Carolina’s Billion-Dollar Bet on an EV Outsider
11Dec By adminNo Comments
World

North Carolina’s Billion-Dollar Bet on an EV Outsider

Updated Dec. 11, 2023 12:13 am ETHAIPHONG, Vietnam—When electric-car startup VinFast Auto was looking to build a factory in the U.S., one state caught its attention in particular: North Carolina. For years, officials there had been trying to get an automobile manufacturer to set up shop in rural Chatham County. More than a billion dollars of incentives got them the Vietnamese upstart with huge ambitions but a limited record.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Nvidia’s CEO Still Plans to Sell High-End Chips in China
6Dec By adminNo Comments
World

Nvidia’s CEO Still Plans to Sell High-End Chips in China

SINGAPORE—Nvidia’s CEO said he still hopes to supply high-end processors to China, days after U.S. Commerce Secretary Gina Raimondo warned U.S. companies against sales of AI-enabling chips to the country in the name of national security. “Our plan now is to continue to work with the U.S. government to come up with a new set of products to comply with the new regulations,” Jensen Huang told reporters in Singapore Wednesday. “The new regulations have additional limits. We have to come up with new products to comply with those regulations.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Financial Services Roundup: Market Talk
5Dec By adminNo Comments
World

Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0139 GMT – Malaysian banks may report better earnings in coming quarters, with some lenders already seeing higher interest income as margin conditions improve, Kenanga IB analyst Clement Chua says in a note. However, this may not fully materialize in the coming 4Q earnings amid seasonal deposit competition, he says, but adds that banks’ 2024 earnings should stand up better than 2023. Chua expects banks may compete to increase market share in the financing space and thinks Bank Negara will maintain its policy rate at 3.0% throughout 2024, resulting in solid business conditions for the banking industry. Kenanga maintains an overweight rating on the Malaysia banking secto...
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Indonesia Volcano Eruption Kills 11 Hikers, Spews Ash Nearly 2 Miles High
4Dec By adminNo Comments
World

Indonesia Volcano Eruption Kills 11 Hikers, Spews Ash Nearly 2 Miles High

Dozens of Indonesian hikers were crowded near the top of Mount Marapi late Sunday morning, snapping selfies and admiring one of the most celebrated views on Sumatra island.A few hours later the volcano erupted, spewing ash and scorching volcanic rocks that killed at least 11 of them and injured many others as they fled down its steep slopes. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Billions in U.S. Funding Hasn’t Convinced Developing World to Ditch Coal
3Dec By adminNo Comments
World

Billions in U.S. Funding Hasn’t Convinced Developing World to Ditch Coal

Updated Dec. 3, 2023 12:04 am ETJOHANNESBURG—Wealthy nations are sending tens of billions of dollars to poorer ones for clean energy, the linchpin of a global strategy to cut greenhouse-gas emissions in the developing world.But two of the most ambitious efforts yet—in South Africa and Indonesia—are now at risk of unraveling, sowing doubts about the rich world’s ability to push developing countries away from coal and other fossil fuels.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Henry Kissinger’s Strategic Mind – WSJ
1Dec By adminNo Comments
Health

Henry Kissinger’s Strategic Mind – WSJ

Henry Kissinger died Wednesday at 100. These are excerpts from his contributions to the Journal editorial pages over the years“Vietnam: View of a New Nixon Aide,” Dec. 19, 1968:Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Henry A. Kissinger, 1923-2023 – WSJ
30Nov By adminNo Comments
Business

Henry A. Kissinger, 1923-2023 – WSJ

At a dinner recently with friends, Henry Kissinger was, at the invitation of his host as usual, holding forth on various world crises when he was asked what gave him reason for optimism. He replied that he had confidence in the wisdom of the American people, though at the current moment he worried about a dearth of U.S. leadership. The comment reflected Kissinger’s abiding faith in America tempered with political realism and his belief in the essential role of leaders in guiding nations. The U.S. offered him refuge from Nazi Germany as a child and provided the opportunity to become one of its greatest statesmen. Henry Alfred Kissinger, who died Wednesday at age 100, leaves a legacy of accomplishment and strategic insight about global politics that few have matched.Copyright ©2023 Dow Jone...
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