Bloomberg Indonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new regulation that will cut tax breaks for hybrid cars. Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from 0%, according to a draft regulation issued by ...

Bloomberg Myanmar’s junta on Monday extended “full martial law” to additional areas in Yangon following a weekend of nationwide protests that left at least 50 people dead in the wake of a brutal crackdown by security forces. Coup leaders first imposed the measure in two townships after the Chinese Embassy asked authorities to guarantee the safety of Chinese investments and ...

Bloomberg Libya’s first unified government in seven years was sworn in, as a political reconciliation that seeks to end almost a decade of conflict in the Opec member gathers pace. Officials took the oath of office on Monday at the parliament in Tobruk, eastern Libya. The new cabinet, headed by Prime Minister Abdul Hamid Mohammed Dbeibah, is set to take ...