Bloomberg Indonesia is working on a second stimulus package to shore up Southeast Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets. A new tranche of fiscal measures would be “sizable” and “bigger” than the first one of 10.3 trillion rupiah ($725 million) announced last week, Coordinating Minister for ...

Bloomberg Hon Hai Precision Industry Co, Apple Inc’s most important manufacturing partner, expects its Chinese plants to begin operating normally by the end of March after resolving severe labor shortages brought on by the coronavirus outbreak. The Taiwanese company, which assembles the majority of the world’s iPhones from China, joins a growing number of corporations envisaging a return to normalcy ...

Bloomberg For all of Elon Musk’s domination of the burgeoning electric-vehicle business, Tesla Inc is struggling to get traction in Japan, a market he put on a pedestal early in the automaker’s early days. The day after taking the electric-car maker public in June 2010, the first Roadster sports cars shipped to Asia weren’t destined for Shanghai — they went ...

Bloomberg Nissan Motor Co is ready to make deeper cuts to fixed costs as the carmaker’s business deteriorates in a tough environment exacerbated by the coronavirus, said Chief Executive Officer (CEO) Makoto Uchida, who is three months into his tenure atop the struggling company. The CEO has promised to unveil a turnaround plan in May for the Japanese giant, which ...

Bloomberg SoftBank Group Corp, facing skepticism of its investment strategy, conveyed a message to Wall Street: Now is the time to invest. Masayoshi Son, SoftBank’s founder and chief executive officer, (CEO)told a roomful of fund managers and financial institutions at a private meeting in New York that recent market declines present an opportunity to take stakes in companies at discounted ...

Bloomberg Singapore is on track to start 5G deployment this year and achieve standalone coverage across the country by 2025, as the city-state seeks to further develop digital infrastructure. The Infocomm Media Development Authority intends to award 5G spectrum by mid-2020 after earlier receiving three submissions from Singtel, TPG as well as a joint submission from StarHub and M1, Minister ...

Bloomberg The UK lifted a ban on subsidies for new onshore wind farms after years of denying the technology support, a sign ministers are looking for more ways to meet a goal of net zero emissions by 2050. The capacity of new wind farms sited on land slumped to the lowest levels since 2015 last year after policies to curb ...

Bloomberg With liquefied natural gas (LNG) prices reeling from the triple whammy of a mild winter, rising supply and China’s hobbled economy, Japan may be about to land another blow. Electricity consumption, the biggest outlet for LNG in the world’s top importer of the fuel, is expected to drop after Prime Minister Shinzo Abe’s shock announcement urging schools to shut ...

Bloomberg Tasmania will invest $33 million to build a renewable hydrogen industry, as the island state plots a course to commercial exports of the clean fuel by 2030. Australia’s smallest state seeks to benefit from its abundance of hydropower generation and the falling cost of large-scale production from renewables to make emissions-free hydrogen for export to Asia. Hydrogen projects are ...

Bloomberg UK Prime Minister Boris Johnson will unveil a suite of emergency measures to tackle coronavirus after he was criticised for not doing enough to prepare for the spread of the disease. Schools could be closed and sports and music events cancelled if needed to protect the public, Johnson told the BBC. He was expected to appear alongside Chief Medical ...