Asia
WHAT COMPLICATES ANTI-INVOLUTION EFFORTS Several features of today’s overcapacity complicate anti-involution efforts. First, the excess capacity in solar, batteries and electric vehicles has only been recently installed. For example, much of solar manufacturing capacity was built from 2022, unlike the steel and cement sectors that underwent supply-side reform in 2015 and 2016. Second, most companies in the major oversupplied sectors are private entities, complicating the process of supply-side consolidation. Our analysts estimate that private companies hold 95 per cent market share or more in the solar and batteries sectors and 65 per cent in EVs, compared with 35 per cent…
TOKYO: The EU and Japan pledged on Wednesday (Jul 23) to work together on championing…
Police on Tuesday presented the suspects, including a woman, at the news conference in Pekanbaru,…
BANGKOK: Thailand has recalled its ambassador to Cambodia and will expel Cambodia’s ambassador, the ruling Pheu…
SINGAPORE: A fight broke out between passengers on an AirAsia X flight on Monday (Jul…
BEIJING/SHENZHEN: First, Vietnam and Indonesia. Now, the Philippines and Japan. As the United States strikes…
BEIJING: China said on Wednesday (Jul 23) it will seek to “strengthen cooperation” with the United…
TOKYO: Japan reacted angrily on Wednesday (Jul 23) after Interpol lifted its red wanted notice…
US President Donald Trump has struck a trade deal with Japan that lowers tariffs on…
Malaysia’s constitution centralises revenue collection – including all forms of taxes – at the federal…
HONG KONG: Tokyo stocks surged on Wednesday (Jul 23) after Japan and the United States…
TOKYO: Japanese Prime Minister Shigeru Ishiba will announce his resignation by the end of next month,…
KUALA LUMPUR: Malaysia’s Prime Minister Anwar Ibrahim on Wednesday (Jul 23) announced new measures to…
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