59 h. ago China’s subsidy change adds to EV makers’ stress as more buyers consider petrol cars

Growth momentum in the mainland car market may shift from battery-powered to petrol-based models this year on account of a revised subsidy policy, exacerbating a bearish profit outlook for the country’s 50-odd electric vehicle (EV) builders. Slower growth in EV adoption would deal another heavy blow to assemblers from BYD to Leapmotor, which are known for low-priced cars, after big-name international banks reduced forecasts for car deliveries this year. “Petroleum-powered cars will regain market...

Politics

59 h. ago China’s subsidy change adds to EV makers’ stress, while petrol cars gain

China’s subsidy change adds to EV makers’ stress, while petrol cars gain  South China Morning Post

Politics

1 week ago Singaporeans in viral petrol refuelling video surrender to Malaysian police

The man who went viral for allegedly refuelling a Singapore-registered car with subsidised RON95 petrol at a fuel station in Johor has come forward, Malaysian police said on Monday. Kulai Assistant Commissioner Tan Seng Lee said that the 63-year-old man and his 67-year-old wife arrived at the Kulai police headquarters to assist with the investigation. “The investigation paper is still being processed and will be referred to the deputy public prosecutor as soon as possible for further...

Events

1 week ago Couple from Singapore surrender to Malaysian police over refuelling case

The man who went viral for allegedly refuelling a Singapore-registered car with subsidised RON95 petrol at a fuel station in Johor has come forward, Malaysian police said on Monday. Kulai Assistant Commissioner Tan Seng Lee said that the 63-year-old man and his 67-year-old wife arrived at the Kulai police headquarters to assist with the investigation. “The investigation paper is still being processed and will be referred to the deputy public prosecutor as soon as possible for further...

Events

3 w. ago Safety gaps, outdated facilities hobbling Malaysian tourism: minister

Traveller safety and outdated facilities remain pressing issues that could undermine Malaysia’s tourism ambitions if left unaddressed, according to Tourism, Arts and Culture Minister Tiong King Sing. Tiong said many attractions lack basic infrastructure upgrades, particularly in destinations frequented by repeat visitors. “Some foreign visitors tell us that when they came 10 years ago, the facilities were like this, and 10 years later, nothing has changed,” he added. While Malaysia has produced...

Politics

3 w. ago Beijing Is Cleaning Up Its Petrol Car Market at the Expense of Other Countries

Beijing Is Cleaning Up Its Petrol Car Market at the Expense of Other Countries  Служба зовнішньої розвідки України

Politics

3 w. ago HKIC ends year on high note but Hong Kong cost of living a drawback for attracting talent

The success of the government’s Hong Kong Investment Corporation (HKIC) in establishing an ecosystem for start-ups to raise funds has put a damper on the Christmas plans for employees of some local venture capital (VC) firms. “After partnering with the HKIC, the number of deals we are working on this year has tripled compared to last year,” said David Chang, founder and CEO of leading VC firm MindWorks. He added that 2025 was one of the busiest years for the firm since its establishment 11 years...

Politics

last month China slams EU subsidy probes as ‘egregious’ and discriminatory

China’s Ministry of Commerce has expressed strong opposition to recent European Union investigations into Chinese companies and vowed to use necessary means to defend their rights. “The European Union has recently launched a series of Foreign Subsidies Regulation (FSR) investigations targeting Chinese enterprises such actions are egregious, with clear targeting and discriminatory intent,” ministry spokesman He Yadong said during a press conference on Thursday. Last week, Brussels launched an...

Events

last month Discriminatory and egregious: China blasts EU’s subsidy crackdown

Discriminatory and egregious: China blasts EU’s subsidy crackdown  South China Morning Post

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