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India aims to woo foreign funds, revive growth from 5-year low

Bloomberg India rolled back an additional levy on foreign funds and announced a raft of measures to boost economic growth from a five-year low. The enhanced surcharge on long and short-term capital gains has been withdrawn, Finance Minister Nirmala Sitharaman said in New Delhi. She also announced an immediate infusion of 700 billion rupees ($9.8 billion) set aside in the ...

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Taiwan factories reap rewards of ‘trade war’

Bloomberg Taiwan registered stronger industrial production than even the most bullish economist’s forecast as companies benefited from increased US orders and burgeoning demand for 5G smartphones. Factory output rose 3% in July, compared with estimates for a 0.6% contraction, according to data released by Taiwan’s economics ministry. The ministry said output represented a record high for the month of July. ...

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Indonesia cuts internet in Papua over rioting

Bloomberg Indonesia’s government extended the suspension of mobile-data services in Papua and West Papua provinces after riots broke out in the region, the country’s cabinet secretariat said, citing the Communications and Information Ministry. The ministry cited a high volume of hoaxes, false information, racial and provocative messages being distributed in the area as the reason for the suspension. The ministry ...

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