ASIA FACTORIES
Why disconnecting global trade from China is so hard There are several major factors that create a natural limit to how much of a supply chain can be exfiltrated from China, even if sweeteners like free land, tax breaks and cheap utilities are on offer.
05 Jul, 2024, 11.06 AM ISTChina's BYD opens EV factory in Thailand, first in Southeast Asia The BYD plant is part of a wave of investment worth more than $1.44 billion from Chinese EV makers who are setting up factories in Thailand, helped by government subsidies and tax incentives.
04 Jul, 2024, 11.21 AM ISTKazakhstan’s strategic investment plan aims to boost economic growth Kazakhstan, Central Asia’s largest state rich in resources, is actively seeking foreign investments and global brands. Gabidulla Ospankulov, Chairman of the Investment Committee of the Kazakh Ministry of Foreign Affairs, outlined strategies to attra...
03 Jul, 2024, 10.43 AM IST- ADVERTISEMENT
China’s plastics boom is set to create another trade headache China's petrochemical sector grapples with overcapacity as polyester products exports increase, straining global trade relations.
03 Jul, 2024, 09.47 AM ISTRecord upturn in job creation drives India's manufacturing PMI to 58.3 in June Activity in India's manufacturing sector rebounded last month with an increase in output driven by robust demand, leading to the fastest rate of hiring in over 19 years despite ongoing inflationary pressures, according to a survey.
01 Jul, 2024, 10.42 AM ISTAsia's factory activity expands in June on solid global demand The surveys show how Chinese firms are ramping up production despite weak domestic demand, which Beijing has failed to reverse with a rescue package for an ailing property sector.
01 Jul, 2024, 10.03 AM ISTIn China's backyard, America has become a humbler superpower Far from Ukraine and the Gaza Strip, as the Group of 7 wealthy democracies gathered in Italy to discuss a range of old, entrenched challenges, the nature of American power is being transformed across the region that Washington sees as crucial for th...
19 Jun, 2024, 10.46 AM ISTAsian shares mostly lower as China reports factory output slowed Factory output fell 5.6% in China in May, the government reported, below analysts' forecasts and slowing from 6.7% the month before. Retail sales rose just 4.1% in the first five months of the year.
17 Jun, 2024, 01.36 PM ISTVinFast pushes ahead with Asia expansion, expects to open India plant ahead of schedule VinFast in January signed an agreement with the Indian state of Tamil Nadu to invest as much as $2 billion in the country as it seeks to break into one of the world’s biggest auto markets. Work on the plant started in February, with an initial inves...
12 Jun, 2024, 04.04 PM ISTAsian factory activity expands in May on robust global demand Manufacturing activity in Asia showed growth in May according to private surveys released on Monday, fueled by increasing global demand. This development adds to optimism for a continued economic recovery in the region, particularly with China displ...
03 Jun, 2024, 08.48 AM ISTAsia stocks gain, dollar drifts as inflation tests await Asian stocks rose for the fourth month, while the dollar drifted lower. Investors await inflation readings from Europe and the U.S. for interest rate guidance.
31 May, 2024, 08.08 AM ISTCapital goods train delay hits India Inc's capex plans as manufacturers in China & Southeast Asia embark on their own expansion plans Geopolitical tensions and the Red Sea crisis have increased delivery times for machinery, affecting production lines and capital goods planning for Indian companies like Amber Group and Havells India.
30 May, 2024, 05.30 AM ISTUS stocks drift higher; S&P 500 pulls back within 1% of its record The Dow Jones Industrial Average was up 189 points, or 0.5%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.2% higher.
09 May, 2024, 08.55 PM ISTChina’s factory glut alarms the world but there’s no quick fix Complaints about China's factory overcapacity are growing, but Beijing is hesitant to make changes that could harm its fragile economy. The EU criticized China for overproduction, urging action in the short term. China announced plans to slow expans...
09 May, 2024, 09.47 AM ISTRockwell plans to expand in India with more factories, tech workers Rockwell Automation considers expanding its technology workforce and establishing additional factories in India to bolster manufacturing. The industrial automation equipment maker, celebrating 40 years in India, aims to leverage the country as a tec...
08 May, 2024, 03.35 PM ISTMS Dhoni-backed EMotorad’s e-cycle gigafactory almost ready The e-cycle maker's gigafactory is being built in four phases. It will manufacture a range of components including batteries, motors, displays and chargers. The 2,40,000-sq.ft. facility is scheduled to be inaugurated on August 15. The factory, which...
07 May, 2024, 12.11 PM ISTRITES to undertake safety assessment of Vande Bharat trains With this contract, RITES, the only ISA-certified central public sector enterprise, has ventured into a new business stream and it said it is committed to advancing ISA works by leveraging its expertise in the Quality Assurance segment.
06 May, 2024, 02.06 PM IST'It is desolate': China's glut of unused car factories The facility, a former assembly plant and engine factory, had been a joint venture of a Chinese company and Hyundai, the South Korean giant. The complex opened in 2017 with robots and other equipment to make gasoline-powered cars. Hyundai sold the c...
24 Apr, 2024, 10.02 AM ISTGlobal Economy: Weak Asian factories take shine off China's rebound Asia's factory activity weakened in March despite China's rebound. Japan, South Korea, Taiwan, Malaysia, and Vietnam saw shrinkage. China's PMI rose, posing challenges for emerging markets economist amid global growth uncertainties.
01 Apr, 2024, 08.47 AM ISTChina manufacturing slump weighs on Asia factory activity Japan’s PMI also fell to 47.2 from 48, dragged down by its sharpest decline in exports in 11 months, according to data published by au Jibun Bank.
01 Mar, 2024, 09.45 AM IST