Foxconn closing in on deal to supply electric buses to Mitsubishi Fuso, Nikkei reports
Foxconn is nearing a deal to supply electric buses to Japanese commercial vehicle maker Mitsubishi Fuso Truck and Bus, the Nikkei reported on Thursday, citing a source close to the Taiwanese chipmaker.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
3 minutes ago
- CNA
More ad-hoc durian vendors popping up on e-commerce platforms ahead of peak harvest
SINGAPORE: With peak durian harvest just around the corner, more enterprising ad-hoc vendors are popping up online, mainly on e-commerce platforms such as Shopee and Carousell. Many such vendors jump on the bandwagon during increased seasonal demand to make a quick profit. However, veteran durian retailers warned that the gamble could backfire, as recent erratic weather could squeeze supply and push up prices. COMPETITIVE MARKET Royal Durian, which has been selling the king of fruits online for the past six years, said the Singapore durian market is crowded. During the harvest season, there could be about a dozen durian sellers doing TikTok livestreams at the same time, said the business' owner Jeremy Chew. The local durian industry is 'very easy' to enter, he added. But he questioned if such sellers are able to maintain their venture: 'The fact is, can you do it well? Are you doing it as a hobby or can you really do it long term?' Besides selling the fruit to consumers, the company also sells durian products such as desserts and mooncakes. Additionally, it supplies durians to other vendors. 'It sounds very weird that I'm still supplying my competitors. In other industries, it doesn't make sense, but (in ours) it is very common,' said Mr Chew. 'Let's say I have fruits but you do not, I can give you some. And we help each other out.' Meanwhile, home-based stall Dukrian gets its customers from e-commerce platforms as well as delivery apps such as Grab. The shop said it sets itself apart by buying directly from plantations instead of wholesalers. 'It makes a very big difference in terms of the durian quality,' noted the firm's owner Daren Chan. 'For example, the plantation owner will choose the good ones first for his direct customers, like me, and then the rest will be thrown to the market for wholesalers.' Mr Chan also gets requests from other businesses, which buy his durians and resell them. 'It happens quite a lot, especially when the prices are very cheap. That's when they can make a profit,' he added. ONLINE COMPETITION The online durian game has grown partially due to the convenience of delivery, said Dr Samer El Hajjar, a senior marketing lecturer at the National University of Singapore's Business School. 'The key to stand out is trust (and) to give good prices, good photos, honest descriptions (and) good reviews,' he added. 'So, a reliable online source with good prices … will stand out in this competitive online space now.' He warned that there are downsides to online retail, as consumers cannot see, touch or smell the pungent fruit before making a purchase. 'No one wants to pay a premium for an item that's not good enough, and that's actually the fundamental of purchasing behaviours in the online game,' Dr El Hajjar told CNA. 'That's why they go to the more trusted sellers.' Physical businesses such as Combat Durian appear unfazed by online rivals. The family-run firm, which has been selling durians for 60 years, said it is more than just price and quality – it is also about giving customers an experience. 'For online (vendors), they don't have physical shops. For us, people can come into our shops, sit down, relax, and (enjoy the) feeling of opening a durian,' said Combat Durian owner Linda Ang, who is not looking to venture online. 'If there's anything wrong, we can change (the fruit) immediately, whereas online, I heard that you can complain but no replacement is done,' she added. 'It's a one-time business. For us, it is long-term.'
CNA
32 minutes ago
- CNA
CNA938 Rewind - Salary delays and unpaid work – what can employees do?
CNA938 Rewind - Salary delays and unpaid work – what can employees do? Multiple employees of TechTV Network, a media and events company, are facing issues of unpaid wages, missing CPF contributions and persistent excuses from their employer. Andrea Heng and Hairianto Diman look at the recourse for employees in this situation. They chat to Dr Yvonne Kong-Ho, who is a career coach and workforce developer. 16 mins CNA938 Rewind - Iran-Israel truce: Possibility of a violation and what would Trump do? A truce appears to have taken hold between Israel and Iran, despite initial violations by both sides. Meanwhile, a preliminary US intelligence assessment says the US strikes on Iranian nuclear facilities may have set back Tehran's programme by only a matter of months. What is the possibility of another ceasefire violation and what would US President Donald Trump do in response? Andrea Heng and Hairianto Diman chat with Professor Lawrence Rubin from the Sam Nunn School of International Affairs at Georgia Institute of Technology to find out. 15 mins CNA938 Rewind - Training Employment Pass under scrutiny following alleged misuse The Training Employment Pass has come under scrutiny of late, following allegations of misuse. Errant employers and agents have for years attempted to illegally bring in foreign workers for rank-and-file roles under the TEP. Andrea Heng and Hairianto Diman chat to Jaya Dass, APAC Managing Director at Randstad Enterprise to look at what can be done to curb this misuse. 14 mins
CNA
an hour ago
- CNA
South Korea's Lee Jae Myung urges approval of US$22.5 billion extra budget
SEOUL: South Korea's President Lee Jae Myung on Thursday (Jun 26) called on parliament to approve a US$22.5 billion supplementary budget aimed at reviving the economy, in his first address to MPs since taking office. Lee was elected in a snap vote this month following the impeachment of his predecessor, Yoon Suk Yeol, over his disastrous martial law declaration in December. The new president's appeal comes as Asia's fourth-largest economy – heavily reliant on exports – reels from steep tariffs imposed by US President Donald Trump. In April, the United States slapped a 25 per cent tariff on South Korean goods as part of Trump's sweeping global trade measures. The rates were later put on a 90-day hold, giving both sides until July to reach a deal. "Timing is everything when it comes to the economy, and now is the time to act," Lee told lawmakers in the main chamber of parliament. "To overcome the downturn and restore livelihoods, we have drafted a supplementary budget totalling 30.5 trillion won," he said, adding the package was designed for swift implementation. More than 40 per cent of the spending would go towards universal consumption coupons, according to the proposal, with individuals eligible for up to 520,000 won (US$380) each. He described the measure as "the minimum" his government could do to breathe life into the economy. Economic growth remained below 1 per cent for four consecutive quarters, before posting negative growth in the first quarter of this year, Lee said. Private consumption and government spending also contracted in the first quarter, he added. Consumer prices rose to 1.9 per cent in May from the year before, official data showed. Lee's request is widely expected to pass, as his centre-left Democratic Party commands a majority in the 300-seat legislature. On North Korea, he reaffirmed his campaign pledge to pursue dialogue with Pyongyang without preconditions, saying peace on the Korean peninsula was key to economic growth. "I will create a virtuous cycle where peace drives economic growth, which in turn further strengthens peace," he said. Lee's tenure begins as South Korea finds itself in the middle of a growing superpower standoff between the United States, its traditional security guarantor, and China, its largest trade partner.
