China’s antitrust watchdog State Administration for Market Regulation (SAMR) on August 1 launched the Centralized Anti-Monopoly Undertaking System, an online platform for enterprises to disclose merger and acquisition deals to the regulator and check their approval status, as reported by South China Morning Post on...
The South Korean government announced that it would modify the law to permit battery subscription services for electric vehicles (EVs) to reduce EV prices by almost a third from their current levels and increase sales, as reported by The Korea Herald on August 1. The...
South Korea’s antitrust watchdog Fair Trade Commission (FTC) has delayed the announcement of a law amendment that aims to apply the same disclosure and antitrust rules to both Korean and foreign entrepreneurs, as the Ministry of Trade, Industry, and Energy (MOTIE) worries that the move...
Japanese trading house Itochu [8001:JP] and British oil and gas giant Shell [SHEL:US] have signed a memorandum of understanding (MoU) with Brazilian steel giant CSN [CSNA3:BZ] to study the introduction of decarbonization technologies at Brazil’s Casa de Pedra Mine, which is jointly developed by Itochu...
The Monetary Authority of Singapore (MAS) has issued new disclosure and reporting guidelines for fund managers to follow when they sell funds with environmental, social, and governance (ESG) labels to private investors in Singapore, as reported by Strait Times on July 28. With the new...
China’s e-commerce giant Alibaba [BABA:US] has been put on the US Securities and Exchange Commission's (SEC) watch list of Chinese businesses that may potentially be delisted from all US exchanges, as reported by Sina Finance on August 1. The news came only days after Alibaba...
US energy company AES [AES:US] intends to invest USD13bn in the construction of a wind farm in Vietnam with a total installed capacity of 4,000 megawatts (MW), as reported by Reuters on July 29. According to Vietnam's Ministry of Industry and Trade, AES presented a letter...
Indonesia has blocked access to websites operated by search engine Yahoo, payment company Paypal [PYPL:US], and several gaming platforms such as Steam, Dota2, Counter-Strike, and EpicGames because they did not adhere to local licensing regulations, as reported by Nikkei Asia on July 30. Indonesia has required...
Shenzhen Securities Information, affiliated with the Shenzhen Stock Exchange (SZSE), launched the CNI ESG Ratings Methodology along with a set of ESG indices, as reported by People.cn on July 26. Among the three pillars of environment, society, and corporate governance (ESG), the rating methodology sets...
SK Geo Centric, a petrochemical arm of SK Innovation [096770:KS], has teamed up with Paris-based Veolia Environment S.A. [VIE:FP] to develop a circular economy business in Asia, as reported by the Korea Economic Daily on July 26. Under a memorandum of understanding (MoU), the two...
The Cyberspace Administration of China (CAC) fined ride-hailing company Didi Global RMB8bn (USD1.2bn) for violating cybersecurity and data regulations, as reported by the Paper on July 21. Cheng Wei, Didi's CEO and Founder, and Jean Liu, Didi's President, were each fined around CNY1m (USD150,000) as individuals...
South Korea’s major chemical firm Lotte Chemical [011170:KS] and Japanese trading house Itochu [8001:JP] will team up in businesses including ammonia trading, ammonia infrastructure utilization, and hydrogen-ammonia market development, as reported by the Korea Economic Daily on July 22. Lotte Chemical will combine its ammonia...
China’s central bank People’s Bank of China (PBoC) will fully respect privacy and protect personal information in the use of China’s sovereign digital currency known as digital yuan, or e-CNY, as reported by Bloomberg on July 24. According to Mu Changchun, head of the Digital...
China’s Ministry of Industry and Information Technology (MIIT) is pushing for the standardization of fast-charging technology, aiming to make Type-C interface the common charging port for mobiles and all electronic devices, as reported by Sina on July 22. According to Wang Peng, an official from...
China’s Ministry of Transport (MoT) issued a document on July 22 requiring the transportation authorities of all cities to collect license information of online ride-hailing platforms, their vehicles, and their drivers and upload these data to the united industry platform for real-time sharing, as reported...
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