Chinese carmaker BYD Co. may be getting some bad news as it prepares to start selling in the U.S. next year. A planned reduction in government subsidies and a phase-out of interest-rate controls threaten to raise costs for it and thousands of companies across China.
FPT Corp., Vietnam’s largest publicly traded telecommunications and software company, enlisted Temasek Holdings Pte to help it identify a Singapore technology company for acquisition to boost sales overseas.
Thai rice farmer Pakasit Jamjaras usually spends his days tilling soil, just like his forefathers. Now he’s been harvesting signatures instead of grain, with a petition to King Bhumibol Adulyadej because the government hasn’t paid for his crop in five months.
One might well despair of democracy in Southeast Asia, judging by the events of recent weeks: crackdowns on protesters in Cambodia, anti-Christian attacks in Malaysia and anti-Muslim riots in Myanmar, an electoral civil war in Thailand. That makes the fate of Joko Widodo important far beyond the confines of Jakarta, the sprawling megacity he currently runs.
Miky Lee, vice chairman of CJ Group, beams as she greets a visitor in the executive lounge of South Korea’s biggest purveyor of food, home-shopping services, TV programs and movies. Wearing a black top, charcoal leggings and midcalf Michael Kors sneakers, the 55-year-old granddaughter of Samsung Group’s founder shows no sign it’s been a traumatic few months.
Cambodia banned the country’s opposition party from holding protests in Phnom Penh after a clash that killed four people yesterday, Xinhua News Agency reported today, citing the capital’s municipal governor, Pa Socheatvong.