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Market Chatter: Taiwanese Chip, Tech Firm Plan About NT$1 Trillion Investment in US

Taiwanese semiconductor and tech companies are planning around NT$1 trillion ($35 billion) in fresh investment in the United States, Focus Taiwan reported Thursday, citing Economy Minister Kung Ming-hsin.He said about 20 firms, including GlobalWafers (TWO:6488) and Foxconn (TPE:2317), have signaled US expansion plans, excluding TSMC, which has already committed NT$5.17 trillion separately.Kung also said progress is being made on a double taxation relief bill, while CPC Corp advanced its energy cooperation through a 25-year LNG deal with US LNG firm, Cheniere, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Taiwan WeightedTPE:2317TWO:6488

Asia101d ago

Market Chatter: Indonesia Eyes Up to 7.5% GDP Growth in 2027

Indonesia is targeting 5.9% to 7.5% GDP growth in 2027, Reuters reported Thursday, citing planning minister Rachmat Pambudy.The country aims to support economic growth with investment and a boost in productivity.The nation's economic growth target for 2026 is 5.4%, with the possibility of reaching 6% under optimal conditions.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia101d ago

Pansar Unit Bags MYR235 Million Water Treatment Plant Upgradation Deal

Pansar (KLSE:PANSAR) unit Perbena Emas secured a contract worth 234.9 million ringgit from Sarawak's Rural Water Supply Department (JBALB) to upgrade the Kaki Wong Water Treatment Plant, according to a Wednesday Malaysian bourse filing.Shares slid 1% in Thursday's midday trade.The project covers the construction of a new 30 MLD water treatment plant, a raw water intake system, booster pump stations, pipelines, a reservoir, and supporting buildings, including staff quarters. It also involves upgrading and refurbishing the existing plant and administrative facilities.Deal work is set to begin in June this year, with completion targeted in 30 months, it said.

KLSE:PANSAR

Asia101d ago

Thailand Approves 958 Billion Baht Projects Including TikTok Investment

Thailand gave a green light to six major investment projects worth 958 billion baht, with a plan by a local TikTok unit being the largest, according to a Wednesday statement by the country's investment board.TikTok System (Thailand) is launching an 842 billion ⁠baht project to expand data infrastructure by installing new servers and boosting data storage and processing capacity, the board said.Two of the other projects are also in the data center niche, with the remaining in the renewable energy, circular economy and resource-based industries.Additionally, a second batch of projects under the Thailand FastPass mechanism and aimed at strengthening electricity readiness and improving access to clean energy, was also approved.

^SET

Asia101d ago

Polycab India's Fiscal Q4 Consolidated Profit Rises; Shares Jump 7%

Polycab India (NSE:POLYCAB, BOM:542652) consolidated attributable profit rose to 7.73 billion Indian rupees in the fiscal fourth quarter ended March 31, from 7.27 billion rupees a year ago.The company's shares were up nearly 7% in recent trade.Earnings per share climbed to 52.00 rupees compared with the year-ago figure of 48.13 rupees, according to a Wednesday filing to the Indian stock exchanges by the wires and cables manufacturer.Revenue from operations in fiscal Q4 also increased to 88.6 billion rupees from 69.9 billion rupees a year earlier.The company's board recommended a dividend of 47 rupees per share for the financial year 2025-26.

BOM:542652NSE:POLYCAB

Asia101d ago

Emami to Acquire 60% stake in Personal Care Products Company IncNut Digital

Personal care products company Emami (NSE:EMAMILTD, BOM:531162) agreed to acquire a 60% stake in IncNut Digital for up to 3.21 billion Indian rupees, according to a Thursday filing to the Indian stock exchanges.IncNut Digital, through its wholly owned subsidiary IncNut Lifestyle Retail, is engaged in the personalized beauty and personal care segment under the Vedix and SkinKraft brands.The transaction, which is expected to be completed in 30 days, includes performance-linked adjustments over 24 months.Emami also plans to acquire the remaining stake in IncNut Digital within the next four and a half years in two tranches, subject to certain financial milestones.The company's shares were up nearly 1% in recent trade.

BOM:531162NSE:EMAMILTD

Asia101d ago

Market Chatter: Taiwan Sees Stable Energy Supply Through September Despite Global Disruptions

Taiwan expects domestic oil and gas supplies to remain steady through September despite geopolitical tensions in the Middle East, Taipei Times reported Thursday, citing Deputy Economic Affairs Minister Lai Chien-hsin.He credited diversified procurement strategies for keeping energy flows stable. State refiner CPC Corp, Taiwan has already started winter procurement planning, with no immediate supply risks seen. The company operates a sourcing database covering over 180 energy products from more than 40 countries, allowing quick shifts in suppliers during disruptions, reportedly.Lai said Taiwan is also pushing a "second energy transition" focused on resilience, including renewables, grid upgrades, and storage expansion. Offshore wind capacity is set to grow by 8 to 10 gigawatts by 2035, while energy-saving efforts in the first quarter alone cut 770 million kilowatt-hour of usage, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Taiwan Weighted

Asia101d ago

The Star Entertainment Updates on Remediation Plan Progress, Casino License Reinstatement Pending

The Star Entertainment (ASX:SGR) said it is continuing to deliver and embed the key elements of its remediation plan, with workstreams including the decentralization of its operating model and technology enhancements to shape safer gambling behaviors, according to a Thursday Australian bourse filing.The company said the decentralisation is designed to promote greater accountability and efficiency at the property level, while the technology enhancements aim to ensure appropriate ongoing monitoring.The reinstatement of The Star Sydney's casino license and withdrawal of the deferred suspension of The Star Gold Coast's casino license remain subject to ongoing discussions with the respective regulators, with an update expected later in the year, the filing added.The company's shares fell 3% on market close.

ASX:SGR

Asia101d ago

Forrestania Resources Welcomes Western Australia Supreme Court Refusal of Application Regarding Hyden Project Holdings

Forrestania Resources (ASX:FRS) welcomed the Supreme Court of Western Australia's refusal of an application by Classic Minerals for a summary judgment related to the dispute concerning the validity of tenements held by Hyden Project Holdings, according to a Thursday Australian bourse filing.The firm executed an option to acquire 100% of Hyden Project Holdings in August 2025. Forrestania is not a direct party to the legal case.Forrestania intends to immediately progress and exercise its option in relation to the Hyden project. It also plans to exercise the option to acquire the Lady Magdalene & Lady Ada project.

ASX:FRS

Asia101d ago

Japanese Shares Rally as Tech Earnings, Middle East Optimism Lift Sentiment

Japanese shares closed higher on Thursday and Japanese government bonds gained as investors returned from holidays, tracking improved global risk sentiment driven by upbeat tech earnings and easing concerns over the Middle East conflict.The Nikkei 225 surged 5.6%, or 3,320.72 points, to close at 62,833.84.Japanese government bonds gained after a three-day market holiday, while the yen held near 156 per dollar following recent gains fueled by suspected intervention by Tokyo authorities.Investor sentiment also improved after Wall Street hit record highs on strong AI-driven earnings, including from Advanced Micro Devices, and as Iran reviewed a U.S. proposal to end the conflict in the Middle East.On the domestic front, Bank of Japan policymakers discussed further rate hikes if oil shocks from the Iran conflict persist and fuel broader inflation, minutes from the bank's March 18-19 meeting showed Thursday. Several board members warned prolonged energy-driven price pressures and rising inflation expectations could require tighter policy, while the BOJ maintained rates at 0.75%.On the corporate front, Tosoh (TYO:4042) jumped 12% after the company's plans to mass-produce high-speed plastic optical cables for AI data centers by 2029.Mitsubishi Heavy Industries (TYO:7011) fell over 1% as the company is revamping gas turbine production to increase output while limiting capital spending. Meanwhile, Konica Minolta (TYO:4902) gained 3% on plans to commercialize an AI-based microbe selection system for food production by March 2029.

Nikkei 225

Asia101d ago

One97 Communications Returns to Profit in Fiscal Q4; EPS Beats Estimates; Shares Jump 5%

One97 Communications (NSE:PAYTM, BOM:543396) booked an attributable consolidated profit of 1.84 billion Indian rupees in the fiscal fourth quarter, compared with a loss of 5.40 billion rupees a year ago, according to a Wednesday filing on Indian bourses.Shares of the company jumped nearly 5% in Thursday's trade.Earnings per share during the quarter ended March 31 stood at 2.83 rupees, compared with a loss per share of 8.47 rupees a year earlier. Analysts polled by Visible Alpha estimated EPS of 2.23 rupees.Revenue from operations of the digital payments platform owner rose year on year to 22.6 billion rupees from 19.1 billion rupees, the filing said. Analysts polled by Visible Alpha also estimated a revenue of 22.6 billion rupees.

BOM:543396NSE:PAYTM

Asia101d ago

Australian Shares Rise; Tabcorp Says Austrac Launches Enforcement Investigation Over Money Laundering Concerns

Australian shares rose on Thursday amid reports that an agreement was close on a one-page memorandum to formally end the conflict in the Middle East.The S&P/ASX 200 Index rose 0.96%, or 84.50 points, to close at 8,878.10.Iran said it was reviewing the peace proposal put forth by the US, Reuters reported.Brent crude oil futures were trading around $102 per barrel. Iron ore futures rose over $111 after several months, while gold traded for about $4,700 per ounce.On the domestic front, Australia's goods balance recorded a seasonally adjusted deficit of AU$1.84 billion in March, down from a surplus of AU$5.03 billion in February, marking the first deficit since December 2017, according to data published by the Australian Bureau of Statistics.The value of new payment platform transactions in Australia rose nearly 26% to AU$241.2 billion in March, compared with AU$186.6 billion reported in the same period last year, according to the Reserve Bank of Australia.Australian card activity showed an emerging slowdown in discretionary spending, with the Westpac-DataX Card Tracker Index rising 2.1 points over the two weeks to April 25, reversing an earlier decline.In company news, Tabcorp Holdings (ASX:TAH) said Austrac launched an enforcement investigation after raising "serious" concerns about the company's ability to manage its money laundering and terrorism financing risks.The company said the investigation will initially focus on evaluating its compliance with its obligations under the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act. Its shares retreated 22% at market close.Light & Wonder (ASX:LNW) reported first-quarter adjusted earnings of $1.45 per share, up from $1.35 a year earlier. Revenue for the three months ended March 31 was $790 million, compared with $774 million a year earlier. Its shares closed down 8%, earlier reaching a two-year low point.Lastly, Orica (ASX:ORI) reported fiscal first-half adjusted earnings of AU$0.60 per share, compared with AU$0.533 a year earlier. Sales revenue for the six months ended March 31 was AU$3.88 billion, compared with AU$3.94 billion a year earlier. Its shares rose 5% on market close.

ASX 200ASX:LNWASX:ORIASX:TAH

Asia101d ago

MATRADE Bags Over MYR126 Million in Potential Export Deals

Malaysia's trade agency MATRADE has generated about 126.4 million ringgit in potential export deals through its International Sourcing Program (INSP), MATRADE announced in a Facebook post on Wednesday.Under the program, held in conjunction with SEMICON Southeast Asia, 49 Malaysian companies linked up with 14 international buyers from 12 different countries, including the US, Taiwan, and Switzerland.A total of 105 business meetings took place during the event, focusing on the semiconductor and advanced manufacturing supply chain.MATRADE CEO Abu Bakar Yusof said this initiative has generated roughly 961 million ringgit in recorded sales for 327 Small and Medium Enterprises.

FTSE Bursa Malaysia KLCI

Asia102d ago

Market Chatter: Indonesia Tests CNG as Alternative to LPG in Households

Indonesia is testing compressed natural gas (CNG) as a possible substitute for liquefied petroleum gas (LPG) in household cooking, in a move aimed at reducing import dependence and easing state subsidy costs, the Jakarta Globe reported Thursday.Energy Minister Bahlil Lahadalia said the program is still in the trial phase. Authorities are currently evaluating 3-kilogram (kg) CNG cylinders, focusing on safety standards and design suitability for domestic use. The government hopes the shift could ease pressure from the country's heavy reliance on imported LPG, reportedly.Indonesia brings in about 8.6 million tonnes of LPG annually, creating a significant fiscal burden. While CNG is already used in larger 12 kg to 20 kg cylinders, adapting it for household-scale use remains the key challenge, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia102d ago

Larsen & Toubro Bags Three Residential Projects in India

The buildings and factories business of Larsen & Toubro (NSE:LT, BOM:500510) has secured three "large" orders from an undisclosed real estate client for three projects across three Indian states, according to a Thursday filing to the Indian stock exchanges.The company classifies large orders as those between 25 billion Indian rupees and 50 billion rupees.The first order is for the development of a residential project in Hyderabad, including the design and construction of 10 high-rise residential towers, each with two basements and 55 floors, along with two clubhouses.The company has also bagged an order to construct a luxury high-rise residential tower in Mumbai, comprising five basements and 63 floors.The third order pertains to the construction of several residential villas, a luxury hotel, and ancillary structures for a project in Karnataka.

BOM:500510NSE:LT

Asia102d ago

CITIC Securities Unit Issues $5 Million in Bonds

CITIC Securities (SHA:600030, HKG:6030) indirect unit CSI MTN issued $5 million in medium term notes.Proceeds will be used to supplement working capital, according to a Wednesday filing with the Shanghai bourse.Shares of the financial services provider were down 1% in recent trade on the Shanghai bourse and 2% on the Hong Kong bourse.

HKG:6030SHA:600030

Asia102d ago

Jointown Pharmaceutical Unit Passes Shandong GMP Inspection

Jointown Pharmaceutical (SHA:600998) unit Beijing Jingfeng Pharmaceutical Shandong passed a good manufacturing practices (GMP) compliance inspection by the Shandong Medical Products Administration for its tablet production lines.The inspection covered Workshop 801, which produces metformin hydrochloride enteric-coated tablets for type 2 diabetes and isosorbide dinitrate tablets for coronary heart disease and angina, according to a Thursday filing with the Shanghai bourse.Shares of the pharmaceutical company were down 1% in recent trade.

SHA:600998

Asia102d ago

Chieftek Precision Logs NT$38 Million Profit in Q1

Chieftek Precision (TPE:1597) posted a profit attributable to owners of NT$37.9 million, or NT$0.43 per share, in the first quarter of the year, according to a Wednesday Taiwan bourse filing.Shares gained over 1% in Thursday's midday trade.Operating revenue stood at NT$334.4 million, the high-precision linear motion component manufacturer said.The company did not provide comparative year-ago figures.

TPE:1597

Asia102d ago

Mayfield Group Holdings's Consolidated Work in Hand Grows to AU$151 Million, Shares Jump 10%

Mayfield Group Holdings (ASX:MYG) said its consolidated work in hand came in at around AU$151 million as of Wednesday, up nearly 12% from AU$135 million as of March, according to a Wednesday Australian bourse filing.It secured AU$31 million in new orders since March, across data centers, renewable energy, infrastructure, power generation, mining, and international markets. Its largest single contract is AU$15.7 million for switchboards to a major data center.In terms of new orders, Mayfield Industries secured AU$23.2 million, BE Switchcraft AU$3.3 million, SMEC Power & Technology AU$3 million, and ATI AU$600,000.Its shares jumped 10% in recent trading on Thursday.

ASX:MYG

Asia102d ago

Humanwell Healthcare Secures US FDA Nod Approval for Generic Fertility Drug

Humanwell Healthcare (SHA:600079) unit has secured U.S. Food and Drug Administration approval for its generic version of the fertility drug cetrorelix acetate injection.The injection is a fertility treatment used to prevent premature luteinizing hormone surges in women undergoing controlled ovarian stimulation, according to a Thursday filing with the Shanghai bourse.Shares of the pharmaceutical company declined 1% in recent trade.

SHA:600079

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Asia101d ago

Australian Shares Rise; Tabcorp Says Austrac Launches Enforcement Investigation Over Money Laundering Concerns

ASX 200ASX:LNWASX:ORIASX:TAH