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Thailandia
Thai fintech sector calls for state support
The Thai FinTech Association has called on the government to increase its support for local tech startups and financial institutions to enhance their competitiveness and prevent foreign giants from monopolising the fintech market.
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Thailandia
Mitsubishi targets offices
Japanese developer Mitsubishi Estate Group plans to invest in office development in Bangkok this year or next after a three-year joint venture in condo projects worth a combined 47 billion baht with SET-listed developer AP (Thailand) Plc.
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Thailandia
Inbound capital in property sector increases
The past 25 years have seen the rapid expansion of Thailand's property market, largely driven by domestic capital, with only isolated examples of international companies making significant investments in leading Bangkok schemes.
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Giappone
Japan eyes merging trade negotiation units in wake of TPP flop
The government plans to form a new cross-ministry unit to handle all free trade negotiations following the U.S. withdrawal from the Trans-Pacific Partnership, a source said Wednesday. The new entity would handle continued dialogue over the now 11-nation TPP as well as an economic partnership agreement between Japan and the ...
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Giappone
Takata, carmakers sued by New Mexico over dangerous air bags
Takata Corp. and 15 automakers have been sued by New Mexico’s attorney general for failing to protect consumers from exploding air bags. Takata and the carmakers have endangered hundreds of thousands of New Mexico residents by misrepresenting the existence and the extent of the defect, Attorney General Hector Balderas said ...
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Giappone Indonesia
Panasonic targets 50% sales jump for TVs in Indonesia
Electronics giant Panasonic Corp. is seeking to sell up to 50 percent more TVs in Indonesia this year by offering online shopping and a greater variety of models. The company’s TV sales have been stagnant for three years. “We hope this year we can sell around 250,000 to 300,000 units,” ...
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USA Giappone
Hosting U.S. automakers, Trump pushes for new American plants
U.S. President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in Mexico. Trump, who has threatened to impose 35 percent tariffs on ...
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Giappone
Nikkei retakes 19,000 on higher U.S. equities, yen’s fall
The benchmark Nikkei average rebounded sharply to end above 19,000 for the first time in three sessions on the Tokyo Stock Exchange Wednesday, thanks to an overnight rise in U.S. equities and the yen’s drop. The 225-issue Nikkei average jumped 269.51 points, or 1.43 percent, to close at 19,057.50. On ...
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Giappone
Japan sees first trade surplus in six years amid falling imports
Japan posted its first trade surplus in six years in 2016 as imports slumped on falling energy prices, the Finance Ministry said Wednesday. The surplus stood at ¥4.07 trillion ($35.76 billion). The value of imports tumbled 15.9 percent to ¥65.97 trillion as crude oil and liquefied natural gas imports slid. ...
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USA Giappone
Shale revolution prompts Mitsubishi Heavy to expand its U.S. oil and gas business
Mitsubishi Heavy Industries Ltd. said Tuesday that it will expand its operations related to supplying oil and gas-related machinery in the United States, where growth is expected thanks to the so-called shale revolution. The Japanese heavy machinery maker’s U.S. subsidiary, Mitsubishi Heavy Industries America Inc., recently set up a Houston-based ...