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BUSINESS

Toyota, Mazda to build $1.6bn plant in US

Kyodo News, Published on 09/03/2018

» NAGOYA: Toyota Motor Corp and Mazda Motor Corp said Friday they have established a joint venture in the US to run a $1.6-billion plant that will create 4,000 jobs and have an annual output capacity of 300,000 vehicles.

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BUSINESS

Nikkei closes at 26-year high

Kyodo News, Published on 23/01/2018

» TOKYO: The Nikkei stock index ended above the 24,000 line Tuesday for the first time in more than 26 years as investors were relieved by the end of the US government shutdown and the Bank of Japan's decision to continue aggressive monetary easing.

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BUSINESS

Aeon, honestbee tie up for online shopping in Malaysia

Kyodo News, Published on 26/01/2018

» KUALA LUMPUR: Japanese retail giant Aeon Co has started delivering groceries in Malaysia in partnership with honestbee, an Asian online delivery service provider, to meet growing demand for shopping via the internet.

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BUSINESS

Toyota sales in Thailand seen bottoming out in 2018

Kyodo News, Published on 26/01/2018

» Toyota Motor Corp is forecasting its sagging new vehicle sales in Thailand will bounce back in 2018 for the first increase in six years on the back of improving economic sentiment.

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BUSINESS

China's economy accelerates for 1st time in 7 years, up 6.9% in 2017

Kyodo News, Published on 18/01/2018

» China's economy accelerated for the first time in seven years in 2017, growing 6.9% from a year earlier, on the back of robust exports and household spending, official data showed Thursday.

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BUSINESS

Japan approves 2018 tax reform package

Kyodo News, Published on 14/12/2017

» TOKYO: Japan's ruling coalition Thursday unveiled a tax reform package for fiscal 2018, which would raise income taxes on salaried workers earning over 8.5 million yen ($75,000) and taxes on tobacco products, as well as introduce a new departure tax on anyone leaving Japan.

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BUSINESS

SoftBank to acquire 15% Uber stake for $7.7bn

Kyodo News, Published on 29/12/2017

» TOKYO: Japan's SoftBank Group Corp has agreed with Uber Technologies Inc to acquire a 15% stake in the US ride-hailing giant for $7.7 billion, SoftBank officials said Friday.

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BUSINESS

Sharp resumes TV production in Thailand after 10-year hiatus

Kyodo News, Published on 30/11/2017

» Japan's Sharp Corp has resumed television production in Thailand after a 10-year hiatus in a bid to boost sales of home appliances in Southeast Asia and India.

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BUSINESS

Toyota ordered to pay 300m yen in back taxes

Kyodo News, Published on 13/10/2017

» Toyota Motor Corp was ordered to pay Japan's tax agency 300 million yen ($2.7 million) in back taxes that the automaker had failed to withhold, mainly in relation to its motorsports operations, sources with knowledge of the matter said Friday.

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BUSINESS

Nikon ends digital camera production in China

Kyodo News, Published on 31/10/2017

» Nikon Corp. said Monday it has stopped operation of its Chinese plant for compact digital cameras and components due to declining demand amid widespread ownership of smartphones with inbuilt photographic capability.