Climate Change
Sumatra forest becomes decarbonization lab for Japan's Marubeni
Pulp plantation in Indonesia to be used for emissions trading and biomass R&D
Companies
Business deals
Seven & i sells department stores to Fortress for estimated $600,000
Debts, capital adjustments squeeze transfer price for Sogo & Seibu
Supply Chain
Samsung supply chain: Corning to invest $1.5bn in bendable glass output
U.S. glassmaker to boost South Korean production for foldable phones
Semiconductors
Nvidia's boom gives TSMC a lift but does less for other chipmakers
Surging AI demand is not making up for weakness in other chip-related areas
Business Spotlight
Samsung smartphone slump casts shadow over Vietnam
South Korean tech titan reluctant to meet Hanoi request for chip plant
Companies
ASICS hits market cap record, propelled by high-end sneakers
Valuation nears $7bn as wider margins lift growth expectations
Energy
Panasonic taps ultrathin solar cell layer for power-generating windows
Energy-efficient perovskite inkjet printing arranged in stripes helps maintain transparency
Property
China real estate developers face insolvency risk if property values tumble
Housing market slump weighs on unfinished projects stuck on balance sheets
Business deals
Fortress to sell Sogo & Seibu assets to Japan retailer for $2bn
Electronics seller Yodobashi eyes role in reviving department store operator
Energy
China's PetroChina, Sinopec mum on Russian oil imports
Crude imports increase, but buyers are reluctant to speak up
Finance
Japan's Marubeni, Mizuho Bank eye $340m for overseas infrastructure fund
Regional banks, others seeking stable returns expected to take part
China debt crunch
China's top banks report rising bad loans as property woes spread
Nonperforming loans jumped 7.6% in first half at four big state-owned lenders
DealStreetAsia
Chinese EV maker Hozon raises $960m in crossover financing
Funding comes as company doubles down on Southeast Asian drive
Technology
Singapore data centers look to Malaysia, Indonesia to satisfy demand
Less space, more environment issues push operators into neighbor nations
Retail
Seven & i to protect Japan department store's jobs after buyout
Retail group to waive over $600m in Sogo & Seibu's debt to help post-sale restructuring
Technology
Baidu AI bot Ernie gets Chinese approval for rollout to public
Tech giant is first to receive Beijing's OK for chatbot
Finance
Gen Z drives rise of prepaid cards, bill-splitting apps in Asia
Shifting priorities a boon to new services but a challenge for traditional banks
Property
China's Country Garden suffers record $6.7bn loss as business model falters
Strategy of linking schools with residential developments hurt by clampdown
Automobiles
Toyota to build over 10m vehicles for first time this year
Japanese automaker aims for record amid easing parts shortage
Energy
Petronas gas project in Canada aims to start exports next year
Malaysian state energy company posts 13% net profit decline in 2023 first half
Caixin
The roots of Chinese developer Country Garden's debt woes
Financials of private real estate giant sour this year after sales plunge
DealStreetAsia
Vietnam homegrown ThinkZone Ventures seeks to raise $50m
Venture capital's 3rd fund aimed at startups that want to expand globally
Retail
Sogo & Seibu to close Tokyo department store due to strike on Thursday
Labor union takes action after parent Seven & i decides to go ahead with sale
Property
Mitsui Fudosan-led group plans to redevelop ex-Tsukiji market site
In addition to hotel and conference center, ballpark might be included
Automobiles
Toyota resumes production at 12 of its 14 plants in Japan
System malfunction prevented the ordering of parts