Chinese government departments have been told to prioritise electric vehicle (EVs) purchases for official use, as Beijing ramps up efforts to promote the use of environmentally friendly vehicles while providing another boost for the industry. A circular from the Ministry of Finance on Monday said that ministry-level authorities and their units across the country should … Read more
Geely Automobile Holdings, China’s second-largest carmaker, plans to embark on an asset-light strategy in the overseas smart electric vehicle (EV) market by working with local partners, defying a trend among mainland peers that seek to set up production plants in the West, its chief executive said in an exclusive interview. While Chinese EV makers from … Read more
KOTA KINABALU: Sabahan students studying in public and private higher learning institutions within the state will be given RM300 annually to defer travel costs. The Sabah Chief Minister said that the subsidy was to help students return to their hometowns for festive celebrations. “For example, students from Tawau or Sandakan studying in Kota Kinabalu can … Read more
“The suspects are formally accused of submitting false data and concealing substantial information,” the EPPO added in a press release, while not specifying the names of anyone involved. Czech authorities seized real estate of the company to compensate for the damage to the national budget, national anti-corruption police said in a statement. In a striking … Read more
Meanwhile, Vietnam has been allocated seed funding worth $2 million by the U.S. for semiconductor development initiatives, and there’s been increasing cooperation between Vietnamese and American companies on chip manufacturing. Not to be left behind, Infineon has also decided to expand hiring by hundreds in its Vietnam office as well. All this sounds positive — … Read more
The Commission also interpreted the silence of two countries — Czechia and Greece — as assent, bringing the total to 12. On a weighted basis, that adds up to more than 60 percent of the EU population in favor of the duties. Czechia has a sizable car industry and could conceivably vote against if push comes … Read more
Ill-suited subsidy spurs precarious revival In the years following its launch, it gradually became clear that the cost of the Superbonus had been dramatically underestimated, after lax enforcement led to thousands of homeowners commencing works without filing official applications. Its total expected cost ballooned to €219 billion, over six times the €35 billion predicted by … Read more
After Qatargate, everyone in Brussels hopefully knows that (allegedly) receiving bags of cash from foreign agents is a big no-no. But in a city driven by political deal-making against a backdrop of flashy lobby soirées, there is plenty of scope to lose sight of your principles. Here are lessons from three veterans. Jan Huitema: Keep … Read more
BUTTERWORTH: The government was prompted to lower the price of eggs as they are the most commonly consumed food by Malaysian families, especially lower-income households, says the Prime Minister. Datuk Seri Anwar Ibrahim said a study found that Malaysians can consume four eggs a day on average, which was the reason for the government’s decision … Read more
The bloc’s trade arm has been investigating suspected Chinese subsidies to its electric vehicle makers and is set to announce duties to balance off the effect on the EU manufacturers. The timeline for the probe, announced by von der Leyen last fall, is however bound by a number of legal restrictions and deadlines. Several trade … Read more
