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Southeast Asia’s green shift may yield $12.5tn in gains

Bloomberg Southeast Asia stands to reap $12.5 trillion in economic gains by 2070 if it takes urgent moves to slow climate change, while inaction could yield losses more than double that size, according to the Deloitte Economics Institute. The region’s gross domestic product could grow by an average of 3.5% per year over the next five decades if it nurtures ...

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Infosys asked to explain bugs in portal

Bloomberg India’s finance ministry has summoned the chief executive officer of Infosys Ltd, Asia’s second-largest software service provider, asking him to explain why glitches in the nation’s new electronic tax filing portal have not yet been fixed. The snags in the portal haven’t been resolved after two and half months since its launch, and it hasn’t been available at all ...

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Toyota supplier says bottom line hit already factored in

Bloomberg Denso Corp, Toyota Motor Corp’s top supplier, says production at the automaker should recover swiftly, leaving Denso on track to beat its own profit forecast for the current fiscal year. Denso will likely take a profit hit of about 20 billion yen ($182 million) to 30 billion yen in September due to Toyota’s production cuts, Chief Financial Officer Yasushi ...

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