Chinese Automakers Expand Global Presence
BEIJING – As foreign regulators scrutinize China-made electric car imports, Chinese automakers are strategically expanding their manufacturing footprint across the globe. Here’s a glimpse into their ambitious plans: BYD: Pioneering EV Production Worldwide BYD, the world’s largest electric vehicle (EV) … Continue reading Chinese Automakers Expand Global Presence
BASF launches technology center in Zhanjiang
ZHANJIANG/MANNHEIM – Germany-based chemicals maker BASF last week announced the launch of a technology center in Zhanjiang, Guangdong province. It is the first corporate scientific research and innovation platform the group has established in South China. The center is located … Continue reading BASF launches technology center in Zhanjiang
PM SRETTHA: “Thailand is open for business again”
BERLIN/BANGKOK – Since assuming office in August 2023, Prime Minister Srettha Thavisin has wasted no time in charting a new course for Thailand’s economy. A former property mogul and successful businessman, Srettha brings a fresh perspective to governance, emphasizing bold … Continue reading PM SRETTHA: “Thailand is open for business again”
Philippines Emerges as a Hub for Artificial Intelligence
MANILA — The Philippines, once known for its pristine beaches and vibrant culture, is now making waves in the tech world. With the launch of the National Artificial Intelligence Roadmap in 2021, the country set its sights on becoming an … Continue reading Philippines Emerges as a Hub for Artificial Intelligence
Telekom presents AI smartphone without apps
BARCELONA – At this year’s Mobile World Congress (MWC) in Barcelona, Deutsche Telekom caused a stir when it presented the world’s first AI smartphone that does not require any conventional apps. This visionary concept promises a revolution in the field … Continue reading Telekom presents AI smartphone without apps
SoftBank Founder to Raise $100 Billion for Chip Venture
TOKYO – Masayoshi Son, the visionary founder of SoftBank Group Corp., is embarking on an audacious mission to reshape the semiconductor landscape. His latest endeavor, Project Izanagi, is a $100 billion AI chip venture that seeks to challenge the dominance … Continue reading SoftBank Founder to Raise $100 Billion for Chip Venture
China remains Germany’s most important trading partner
BERLIN/BEIJING – Trade relations between Germany and China have increased continuously in recent years. China has now been Germany’s most important trading partner for six years in a row. In 2021, Germany imported goods worth around 141.8 billion euros from … Continue reading China remains Germany’s most important trading partner
China: Automobile sales with double-digit growth
BEIJING – China’s automobile sales rose 47.9 percent year-on-year to nearly 2.44 million units in January, the China Association of Automobile Manufacturers said on Wednesday. The country’s vehicle production rose 51.2 percent year-on-year to 2.41 million units last month. Production … Continue reading China: Automobile sales with double-digit growth
Indonesia Introduces New Income Tax Regulations
JAKARTA – Indonesia is undergoing a major tax reform that aims to harmonize various tax regulations, simplify tax administration, and increase tax compliance. One of the key changes is the introduction of new income tax rates for individual taxpayers, which … Continue reading Indonesia Introduces New Income Tax Regulations
China: Local governments to halt infrastructure projects
BEIJING – China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate the economy. … Continue reading China: Local governments to halt infrastructure projects