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BUSINESSJul 7Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fearsChina’s crude oil demand is expected to peak this year, according to executives from the country’s largest oil firm, a scenario set to further reshape the global energy market following the Strait of Hormuz crisis. The world’s top oil importer would record slowing demand as reductions in the use of transport fuel outweighed gains in petrochemical demand, said Zhang Changbao, vice-president of China National Petroleum Corporation (CNPC) Asia-Pacific (Hong Kong), at an event in Hong Kong on...South China Morning Post
BUSINESSJul 7China records most new unicorn start-ups in 5 years as AI and robotics boomChina’s innovation ecosystem has witnessed a resurgence, minting 67 new unicorn start-ups in the first half of 2026 – the biggest increase in almost five years – as AI and robotics kick off a new investment cycle. The growth translates into an average of one new unicorn – private companies valued at US$1 billion or more – in less than every three days and was the highest since the second half of 2021 when 76 new unicorns were created, according to a Monday report by ITJuzi, a start-up...South China Morning Post
BUSINESSJul 7Australia’s Lynas partners South Korea’s JS Link for Malaysian magnet factoryLynas Rare Earths said on Tuesday it had signed a partnership deal with South Korea’s JS Link to develop a magnet factory in Malaysia. The Australian rare-earths producer will also supply materials to JS Link’s magnet factory in South Korea and the planned factory in Malaysia until January 2038. The partnership follows a magnet manufacturing deal between the two companies ⁠last year. Under the latest deal, JS Link will establish a magnet factory in ‌Kuantan, Malaysia, with an operating capacity...South China Morning Post
BUSINESSJul 7Indonesian Police Uncover Three Coal Corruption Schemes at Power PlantsIndonesian police have uncovered three corruption schemes related to coal at power plants. This highlights criminal activity impacting the energy sector.en.tempo.co
BUSINESSJul 7Japan triples tax on Australian tourists leaving the country | Namoi Valley IndependentJapan has tripled the tax imposed on Australian tourists departing the country. This policy change impacts international tourism and trade relations.nvi.com.au · Australia
BUSINESSJul 7Hong Kong’s gold clearing and settlement firm joins Shanghai exchangeHong Kong inaugurated the trial operation of a gold clearing and settlement system on Tuesday, a step towards building the city into a trading hub and price-setter for the precious metal. The decision was announced by Chief Executive John Lee Ka-chiu at the Hong Kong FIC & Bond Connect Summit. “The government-owned Hong Kong Precious Metals Central Clearing [Company] will offer a comprehensive suite of services ranging from gold deposits and withdrawals to transaction settlements in the...South China Morning Post
BUSINESSJul 6China boosts oil purchases from Middle East as Saudi slashes prices on exports to AsiaChina is increasing its oil purchases from the Middle East in response to Saudi Arabia lowering its export prices to Asian markets. This represents a significant development in global energy trade dynamics.Seeking Alpha Tech
BUSINESSJul 6Japan triples tax on Australian tourists leaving the country | The Singleton ArgusJapan has significantly increased the tax for Australian tourists departing the country, which could impact travel costs and tourism flows between the two nations.singletonargus.com.au · Australia
BUSINESSJul 6Japan triples tax on Australian tourists leaving the country | Blue Mountains GazetteJapan has reportedly tripled a tax on Australian tourists departing the country. This signifies a notable change in international travel taxation policy with potential implications for tourism.bluemountainsgazette.com.au · Australia
BUSINESSJul 6Can India, Europe build a clean energy supply chain beyond China?With China dominating every step of the solar energy production chain, governments in India and Europe are looking to reduce their overreliance on a single supplier.DW News [en]
BUSINESSJul 6Lokesh pitches Andhra Pradesh as hub for Korean tech investmentsMinister invites startups to join RTIH programmes, proposes India-Korea Startup Corridor and seeks investments in semiconductors, power equipment and Quantum ValleyThe Hindu
BUSINESSJul 6Beijing opens lithium futures to foreign traders to cement pricing power over USBeijing has unveiled new measures to keep its tight grip on lithium prices, in a move that may give it an edge over the US in the key material vital for electric vehicle and energy storage. Following mining endeavours worldwide to secure supplies, Chinese authorities announced they would allow offshore industrial players to trade lithium carbonate onshore to cement its pricing power. Effective July 3, the Guangzhou Futures Exchange, one of China’s major commodity bourses, began allowing miners,...South China Morning Post
BUSINESSJul 6Philippines races to lock in cheaper loans after upper - middle - income upgradeFollowing its upgrade to upper-middle-income status, the Philippines is actively seeking to secure more affordable loans. This development reflects the country's efforts to leverage its improved economic standing for financial benefits.rappler.com · Philippines
BUSINESSJul 6Cathie Wood's weekly recap: builds Tesla, crypto positions; pares Roku, China techCathie Wood's weekly investment recap shows her firm increasing positions in Tesla and cryptocurrency while reducing holdings in Roku and Chinese technology.Seeking Alpha Tech
BUSINESSJul 6Singapore, Indonesia to collaborate on cross-border electricity projectIndonesia and Singapore vowed on Monday that the Strait of Malacca, a critical oil transit chokepoint in the region, will remain “accessible” even as Iran imposes fees on ships traversing the Strait of Hormuz. Indonesian President Prabowo Subianto discussed the matter with Singaporean Prime Minister Lawrence Wong in Jakarta as Southeast Asia reels from the effects of oil prices pushed sky-high by the Middle East war. The Strait of Malacca, surrounded by Indonesia, Malaysia, Singapore and...South China Morning Post
BUSINESSJul 6Korean won 24 - hour trading era begins with cheers , applauseThe Korean won has commenced its 24-hour trading period, an event met with positive reception. This marks a notable expansion in the accessibility and operations of the national currency market.businesstimes.com.sg · Singapore
BUSINESSJul 6Global investors pivot from access to scale in yuan operations, anchored by Hong KongGlobal institutional investors are pivoting away from basic market entry to scaling up their yuan operations, with offshore hubs such as Hong Kong emerging as the central infrastructure for that shift, a new survey showed. The survey, conducted by HSBC and polling more than 120 institutional investors collectively managing over US$32 trillion in assets across 12 Asia-Pacific markets, found that 63 per cent preferred offshore yuan markets for currency transactions, while 54 per cent relied on...South China Morning Post
BUSINESSJul 6China EV deliveries remain stuck in downward spiral , exacerbating industry worriesChina's electric vehicle deliveries are experiencing a continuous decline, causing increasing concern within the industry. This trend suggests potential economic challenges for the automotive sector in China.scmp.com · China
BUSINESSJul 6China’s EV deliveries remain stuck in downward spiral, exacerbating industry worriesChina’s electric vehicle (EV) deliveries in June failed to match their year-on-year numbers for the sixth month in a row, even as carmakers offered promotions to attract budget-conscious consumers, exacerbating worries about Chinese EV firms’ profitability. A total of 1.04 million pure electric and plug-in hybrid cars were handed to customers in mainland China last month, down 7 per cent from the same period in 2025, preliminary data from the China Passenger Car Association showed. During the...South China Morning Post
BUSINESSJul 6China 830kW Mitsubishi Pajero 4WD rivalChina is developing an 830kW 4WD vehicle positioned as a rival to the Mitsubishi Pajero. This report concerns new automotive product development.canberratimes.com.au · Australia
BUSINESSJul 6AMD backs Japanese self-driving startup Turing, expands AI partnershipSeeking Alpha Tech
BUSINESSJul 6China’s Biren seeks US$900m to fund GPU push and challenge Nvidia amid AI boomChinese artificial intelligence chipmaking champion Shanghai Biren Technology is raising HK$7 billion (US$892.5 million) to boost production of its graphics processing units (GPUs), joining a fierce domestic battle to capture Nvidia’s market share in the country amid a global AI boom. The company, which went public in Hong Kong in January, announced that it would issue 153 million new shares at HK$46.2 each, representing a 9.9 per cent discount to the stock’s closing price of HK$51.3 last...South China Morning Post
BUSINESSJul 6Can China’s budget brands crack developed markets? Mixue shows it won’t be easyThree months after moving from China to Japan, Alisa Lin has yet to buy a single drink from Mixue – the Chinese ice cream and tea giant – despite being a frequent customer back home, where a cup costs under five yuan (73 US cents) during promotions. “It’s not a very popular brand here. Only one of my friends in Japan has ever bought it,” Lin said, adding that value for money was the main consideration behind her own consumer choices in Tokyo. While Mixue’s basic teas are cheap, a plain bubble...South China Morning Post
BUSINESSJul 6Philippines’ record capital wage rise leaves workers hungry for moreIn the Philippine capital, 85 pesos (US$1.40) is barely enough to buy a meal for one, let alone a family of five. Yet that modest sum, roughly the price of 1½kg of premium imported rice, is the largest single wage increase ever approved for Metro Manila’s minimum-wage earners. The government called it “historic”. Labour groups called it an insult. The increase, to be rolled out in two stages, was confirmed by the Department of Labour and Employment on Tuesday. Non-agricultural workers will see...South China Morning Post
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