Sona Comstar to Make Magnets in India, Cut Reliance on China
Monday, June 30, 2025
More investment from international corporations is needed for Indonesia's strategic objective of using its abundant natural resources to grow homegrown businesses, the country's vice foreign minister told Nikkei Asia.
Following news that iPhone sales had decreased in China, Asia-Pacific markets saw a general decline on Wednesday, reflecting a tech sell-off on Wall Street spearheaded by Apple.
The manufacturing and core sectors are anticipated to be two of the main drivers of the economy over the medium term, according to Acuité Ratings & Research Ltd.
With a formal groundbreaking ceremony on Monday, Swedish defense company Saab began building on its new production site in India for its renowned Carl-Gustaf M4 guns.
OPEC nations, led by Saudi Arabia, and its allies, including producers like Russia, are voluntarily reducing the amount of crude oil they provide.
With 46% of the events, the manufacturing sector in Asia-Pacific is the most targeted industry for the second consecutive year, according to IBM's 2024 X-Force Threat Intelligence Index.