Bloomberg Taiwanese lawmakers have passed new rules that let local chip firms turn 25% of their annual research and development expenses into tax credits, part of efforts to keep cutting-edge semiconductor technologies at home and maintain the island’s technology leadership. Officials there have repeatedly said they will ensure the latest chip technologies remain in Taiwan, a point that has …

  Bloomberg India, the world’s biggest rice exporter, is likely to lift restrictions on grain shipments in a move that would mark a further easing of a global wave of food protectionism after Russia’s invasion of Ukraine. Authorities are actively considering removing curbs on some rice exports as domestic prices are stable, according to a person familiar with the matter. …

  Bloomberg Pakistan has appealed to the global community for $8 billion in three years to help it rebuild after devastating floods that left a third of the nation inundated in the summer. The South Asian nation needs a total of $16.3 billion to rebuild houses and farms along with rehabilitate people impacted by the floods, Prime Minister Shehbaz Sharif …