Category: Business

Indonesia raised about $842 million, equal to 6 billion yuan, by selling bonds to international investors denominated in China’s currency, the yuan, for the first time. The sale marks the first time Indonesia has borrowed in yuan. These yuan-denominated bonds ...

China is talking with Japan and South Korea about a trilateral currency swap, a person familiar with the matter said. The aim is to build a stronger regional financial backstop as U.S. tariff actions raise trade costs. According to ...

Indonesia is strengthening its position as a global center for halal business, a market currently worth $3 trillion and projected to reach $4.5 trillion by 2030. Halal refers to products and practices that comply with Islamic law, including food, pharmaceuticals, cosmetics, and financial services, ensuring they ...

By Dylan Gamba Behind the looms of a workshop in the heart of Addis Ababa, dozens of weavers deftly repeat the same motions to craft traditional dresses -- a centuries-old skill now threatened by Ethiopia's economic hardships.

China stands to gain from a surprising twist in global energy trade: India, long a rival and major oil importer, is now being forced to pay Russia for crude in Chinese yuan (RMB), a move that strengthens the yuan’s global role and indirectly supports China’s currency in ...

China buys over 70% of the world’s seaborne iron ore—by far the largest share of any country. By simple market logic, the biggest buyer should set the price. Yet for decades, China has had almost no say over pricing, forced instead to accept terms set by foreign ...

The competition among China's EVs in Indonesia tightened in September. Indonesia’s automakers’ association, Gaikindo, announced that Chery tops September, BYD still leads the year, and the contest is shifting from imports to local assembly. Local assembly can cut taxes ...

By Elisa Gambino and Costanza Franceschini For most of the past 25 years, Chinese construction companies operating in Africa could count on generous financial backing from Chinese banks. Between 2000 and 2019, Chinese funders committed almost $50 billion to African transport ...

This is a free preview of the upcoming Africa EVs Weekly Digest, part of the new CGSP Intelligence service. Africa’s electric mobility sector is gathering momentum, with new business models and infrastructure investments reshaping the landscape. In Kenya, ...

China’s low-priced electric cars are powering Southeast Asia’s EV surge, and Vietnam has emerged as the region’s No. 2 market year-to-date on company-reported figures, closing on Thailand’s lead. The comparison is based on Vietnam’s total, which reflects VinFast deliveries, ...

Chinese carmakers account for more than 70% of Thailand’s electric-vehicle sales this year, but a new Thailand Consumer Council study says gaps in safety, warranty, and after-sales rules leave buyers exposed. Thailand sold 54,084 passenger battery-electric cars in the first ...

Indonesia's government has suspended the operating licence of video-sharing app TikTok because the platform refused to share data about recent anti-government protests, the Ministry of Communication and Digital Affairs said on Friday. Indonesia has the second-largest audience on TikTok, owned by ...