Sunday, November 10, 2024

Singapore Air Show, Japan-Ukraine talks, Cambodian Senate election

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Welcome to Asia Week.

Japan will welcome Ukrainian government officials and businesses to a conference on supporting the war-torn country’s recovery. Saturday marks two years since Russia began the ongoing conflict in Ukraine.

More than 1,000 aerospace and defense companies from more than 50 countries gather in Singapore for the biennial air show, widely regarded as Asia’s premier aviation industry event.

Follow us on X (formerly Twitter) for our best news on Asia and more. @Nikkei Asia.

Monday

Japan-Ukraine Conference to Promote Economic Growth and Reconstruction

Nearly two years after Russia invaded Ukraine on February 24, 2022, Japan welcomed Ukrainian Prime Minister Denis Shmyhal and others to help rebuild the wartime nation’s destroyed infrastructure and businesses. Discuss cooperation measures. Companies from both countries are expected to announce partnerships in areas such as agricultural support and debris and mine clearance.

India and EU hold FTA negotiations

India and the European Union are scheduled to hold the seventh round of free trade negotiations from Monday to Friday. When asked if a deal was imminent, Indian commerce ministry officials said only that negotiations were still underway. The discussions come as Western agencies seek new ties with the world’s most populous country, with the Paris-based International Energy Agency set to begin talks on India’s possible full membership. Announced.

GDP: Thailand

Tuesday

Singapore Air Show begins

Asia’s most influential aviation industry expo is back in full swing after the biennial exhibition was scaled back amid strict restrictions due to the coronavirus disease (COVID-19). More than 1,000 aerospace and defense companies from more than 50 countries are expected to participate this year, demonstrating strong optimism about the industry’s recovery and increasing focus on new challenges such as sustainability. The first four days of the exhibition are reserved for industry participants, and the next two days are open to the public. More than 60,000 visitors are expected over the weekend.

Revenue: Singapore Airlines, BHP

Monetary policy: China

Wednesday

Revenue: HSBC Holdings, Hang Seng Bank, East Asia Bank

Monetary policy: Indonesia

Japan data: trade

Thursday

Earnings: Grab; Vinfast

Monetary policy: Türkiye

Friday

Revenue: Standard Chartered

China data: housing prices

weekend

TSMC opens Kumamoto factory

Taiwan Semiconductor Manufacturing Co., Ltd. will open its first factory in Japan in southwestern Kumamoto Prefecture. The world’s largest chip foundry wants to move production out of Taiwan amid heightened geopolitical uncertainty. Tokyo is also keen to attract foreign investment with heavy subsidies to revive its chip industry. TSMC has already announced that it will build a second factory in the prefecture. The second factory will produce 6-nanometer chips, the most advanced semiconductors made in Japan, and is expected to be operational by the end of 2027. Together, the two factories will have a monthly production capacity of at least 100,000 12-inch wafers. , equivalent to Taiwan’s TSMC’s “GigaFab”.

cambodia senate election

Cambodia’s parliament and local councilors, known as commune councilors, will vote on Sunday to elect the country’s 58 senators, with four more senators to be nominated and confirmed.

If the vote was along party lines, the indirect election would have elected 49 senators from the ruling Cambodian People’s Party (CPP) and nine senators from the opposition Candlelight Party; Since then, he has registered as a candidate under the banner of the Khmer Will Party (KWP). The last national election was widely criticized as not being free. The CPP is led by Hun Manet, who took over as prime minister from his father Hun Sen last year. Hun Sen is expected to be voted president of the Senate.





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