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Toyota-Panasonic venture to start EV battery development in April

TOKYO: Toyota Motor Corp and Panasonic Corp have agreed to set up a joint venture that will begin developing electric vehicle (EV) batteries from April, as the Japanese companies gear up for an expected surge in demand.

Thailand’s economy was already sickening

OUTSIDE China, Thailand has the largest number of patients infected by the novel coronavirus. Unfortunately, the export-reliant US$500bil economy, South-East Asia’s second-largest, was sickly even before the outbreak of the pneumonia-like illness. That reflects simultaneous blows from the Sino-US trade war, the worst drought in decades and a stubbornly strong currency. Add in Beijing’s newly imposed restrictions on Chinese travellers, who account for the lion’s share of arrivals, plus the knock-on effect on other tourists, and a recession begins to look imminent.