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5y

China to break up Ant’s Alipay, force creation of separate loans app

Plan will also see app turn over user data to new partly state-owned credit scoring joint venture

5y

Oil climbs to one-week high on US supply concerns

Brent crude rises to US$73.40 a barrel

5y

To ease employers’ burden, EPF launches 2 new initiatives

They are an exemption on late payment charges and Employer Pay for Reduction

5y

After the ‘bazooka’, Bank of Japan dismantles work of its radical chief

Lender pioneering measures that blur lines between central banking and politics

5y

Bursa opens lower, ringgit falters

FBM KLCI falls 5.63 points to 1,570.34 from last Friday’s close of 1,575.97

5y

S. Korea proposes Asean digital trade pact

It moots one similar to Digital Economy Partnership Agreement between S’pore, New Zealand, Chile

5y

BMW China recalls 142,754 vehicles over potential defect

Flaws related to fuel tanks may cause leakage, market regulator says

5y

Self-made China billionaire battles to save debt-mired Evergrande

Xu Jiayin also faces govt crackdown on extreme wealth, with president leading ‘common prosperity’ push

5y

Toyota, Honda oppose Dems’ electric car tax plan

Proposal to give union-made EVs in country an additional US$4,500 incentive will be voted on next week

5y

Afghan remittance payouts limited to local currency

Instruction by central bank is latest move to preserve scarce US dollars

5y

IT giant Salesforce offers to move staff out of Texas after abortion law

We all have deeply held and different perspectives, software firm tells staff in memo

5y

Blackstone axes US$3 bil takeover of property giant Soho China

US private equity firm’s June offer had been conditional upon clearance from Chinese competition authorities

5y

Car parts supplier Aptiv flags Asean chip constraints in Q3

CFO says govts taking meaningful stance on production closures given Covid-19 outbreaks in Malaysia, Thailand