Queen Elizabeth has reluctantly agreed to her grandson Prince Harry and his wife Meghan’s wish for a more independent future after the British royal family held crisis talks on Monday to resolve a widening rift among the Windsors. Harry and his American actress wife will now begin a “period of transition” that will see them…
General Motors Co’s vehicle sales in China fell for a second year as overall auto sales declined amid a slowing economy and because of competition in the key mid-priced sport utility vehicle (SUV) segment. Sales in 2019 fell 15% from a year earlier to 3.09 million vehicles, GM, China’s second-biggest foreign automaker, said in a…
Singapore has drawn huge interest from technology firms looking to shake up the city-state’s banking landscape, attracting 21 applications for five digital bank licences on offer. Among firms that have publicly said they are bidding are Alibaba Group affiliate Ant Financial, a joint venture between Singapore Telecommunications Ltd and Southeast Asian ride-hailer Grab, and a…
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Indonesia on Monday launched biodiesel containing 30% palm-based fuel, the highest mandatory mix in the world, in a bid to slash its fuel import bill and boost domestic palm oil consumption. President Joko Widodo said so-called “B30” biodiesel would allow Indonesia to cut its fossil fuel imports by 63 trillion rupiah ($4.5 billion) a year,…
Malaysian teenage Scrabble protege Tengku Ariff Shah can spell more English words than most adults in the Western world, but he doesn’t always know what they mean. Ariff is among a swathe of Asian youngsters who are turning the competitive Scrabble scene on its head by using a combination of probability, maths and memory to…
A Vietnamese entrepreneur is promoting an environmentally friendly way to sip drinks by using grass stems to make reusable, biodegradable straws. Tran Minh Tien, 32, runs his company, 3T, from a village deep in the Mekong river delta, west of Ho Chi Minh city, where wild gray sedge grass grows in swampland. In a labor-intensive…
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Indonesian President Joko Widodo said on Wednesday he had ordered his cabinet to speed up a $33 billion project to move the capital city from Jakarta to forested Borneo island so that the new “Silicon Valley”-like city could be ready by 2023. That timeline is a year earlier than the government’s original estimate and Widodo…
Asian stocks took a breather at 18-month peaks on Wednesday having climbed for five straight sessions, while the British pound was licking its wounds as revived Brexit fears came back to bite it. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was dead flat in thin early trade, just off its highest since June…
Malaysia has raised its export tax for crude palm oil for January, for the first time in one-and-a-half years, the Malaysian Palm Oil Board’s website said on Friday, citing the national customs department. The world’s second-largest producer and exporter of palm oil had last imposed an export tax of 4.5% in August 2018 before lowering…
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Malaysia’s Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily-indebted federal government. Petronas, the world’s third-largest exporter of liquefied natural gas, is one of the biggest sources of revenue…
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