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  • Duterte's ambitious plans have hit some stumbling blocks

    MANILA More than a little out of character, Philippine President Rodrigo Duterte, the country's normally outspoken leader, found himself on June 20 begging for forgiveness from people displaced by one of the country's worst terror attacks."Soon, I h

    June 29, 2017 12:10 pm JST
  • Duterte's ambitious plans have hit some stumbling blocks

    MANILA More than a little out of character, Philippine President Rodrigo Duterte, the country's normally outspoken leader, found himself on June 20 begging for forgiveness from people displaced by one of the country's worst terror attacks."Soon, I h

    June 29, 2017 10:00 am JST
  • Alibaba spending $1bn to raise stake in Southeast Asia's Lazada

    SINGAPORE (Reuters) -- Chinese e-commerce company Alibaba Group Holding is investing an additional $1 billion in Southeast Asian online retailer Lazada Group, boosting its stake by nearly a third to 83 percent and amplifying its focus on the region.

    June 29, 2017 01:58 am JST
  • Universal Robina regaining lost market share in Vietnam

    MANILA -- Philippine food and beverage company Universal Robina aims to recover the bulk of its lost market in Vietnam this year, after a food safety scandal in 2016 that sent sales plunging and shares dipping.CEO Lance Gokongwei told shareholders a

    June 29, 2017 01:13 am JST
  • Philippine conglomerate ups capex 15% to $960m

    MANILA -- Philippine conglomerate JG Summit Holdings will this year increase capital expenditure 15% to 48.2 billion pesos ($960 million), and continue to expand its petrochemical business, President Lance Gokongwei said on Tuesday.Between 18 and 20

    June 27, 2017 11:40 pm JST
  • Asia gets tough on shady business dealings

    TOKYO -- From the Philippines to Hong Kong to India, Asian governments are trying to boost economic development by cracking down on cartels, bid rigging and other anti-competitive business practices.In March, the Hong Kong Competition Commission too

    June 25, 2017 01:30 pm JST
  • Tracking how China is turning Asia red

    TOKYO -- Since the end of World War II, the U.S., a self-styled missionary of democracy, has held sway in Asia. But now, on the economic front, the U.S.-led regional order is unraveling in the face of China's rapid rise, and the communist country is

    June 24, 2017 05:00 pm JST
  • Learning the lessons of the Asian financial crisis

    BANGKOK/JAKARTA/MANILA -- In June 1997, Sirivat Voravetvuthikun found himself selling sandwiches on the streets of Bangkok. The former high-flying stock investor had lost everything when his project to build luxury condos went belly-up.At a loss for

    June 24, 2017 11:00 am JST
  • Asia's financial safety net is a work in progress

    TOKYO -- In early May, the Asian Development Bank celebrated its 50th anniversary at its annual meeting in Yokohama, a port city south of Tokyo. Finance ministers and central bankers from the Association of Southeast Asian Nations, China, Japan and

    June 24, 2017 11:00 am JST
  • ASEAN pushing for direct yen trading

    TOKYO -- Japanese authorities have long dreamed of the yen becoming a global currency. Now the yen may be on the cusp of at least becoming an Asian currency.Much of the rest of Asia is clamoring for a monetary regime to be strengthened with a vehicl

    June 23, 2017 10:47 am JST
  • Mitsubishi, Ayala plan Japan-themed section at Manila mall

    MANILA -- Mitsubishi Corp. and the Philippine conglomerate Ayala group will open a Japan-themed commercial area as early as this year at a major shopping complex in the heart of the Southeast Asian country's capital.The project will be developed on

    June 23, 2017 04:36 am JST
  • Philippines, Indonesia, Malaysia create counter-terrorism axis

    MANILA -- The Philippines, Indonesia, and Malaysia have agreed to step up joint counter-terrorism efforts after the month-long siege of Marawi on Mindanao in the southern Philippines confirmed cross-border activity among Southeast Asian militants li

    June 23, 2017 12:58 am JST
  • Philippine interest rates stay put amid 'manageable' inflation

    MANILA -- Amando Tetangco kept interest rates unchanged Thursday in his final meeting as governor of the Philippine central bank, a position he has held for over a decade.Bangko Sentral ng Pilipinas maintained the benchmark policy rate at 3%, meanin

    June 22, 2017 10:13 pm JST
  • Learning the lessons of the Asian financial crisis

    BANGKOK/JAKARTA/MANILA In June 1997, Sirivat Voravetvuthikun found himself selling sandwiches on the streets of Bangkok. The former high-flying stock investor had lost everything when his project to build luxury condos went belly-up.At a loss for ho

    June 22, 2017 10:00 am JST
  • Asia's financial safety net is a work in progress

    TOKYO In early May, the Asian Development Bank celebrated its 50th anniversary at its annual meeting in Yokohama, a port city south of Tokyo. Finance ministers and central bankers from the Association of Southeast Asian Nations, China, Japan and Sou

    June 22, 2017 10:00 am JST
  • The Nikkei Asian Review scoops three SOPA prizes

    HONG KONG The Nikkei Asian Review won three prizes at the Society of Publishers in Asia Awards for Editorial Excellence, regarded as a benchmark for world-class journalism from the region.The cover package "Overworked" won the award for excellence i

    June 22, 2017 10:00 am JST
  • Why Asia's strongmen perpetuate their curious cult

    Philippine Sen. Gregorio Honasan greeted me with a huge smile, like a long-lost friend. His firm handshake was punctuated by the stub of a finger partly severed on razor wire during a prison escape."Call me Greg," he enthused, ushering me to a confe

    June 22, 2017 10:00 am JST
  • Obesity in Asia reaches 'epidemic level'

    TOKYO Economic growth has resulted in a significant rise in living standards in much of Asia. But the newfound prosperity and associated lifestyle changes have brought with them an unwanted side effect.A study released by the Asian Development Bank

    June 22, 2017 10:00 am JST
  • James D.J. Brown: How Moscow's 'look east' policy can help Southeast Asia

    Despite being cut short by a crisis in Mindanao, Philippine President Rodrigo Duterte's visit to Russia in late May highlighted warming ties between Moscow and some Southeast Asian countries. In total, 10 government-level deals were signed between R

    June 22, 2017 10:00 am JST
  • Tea Leaves

    Behind Asia's curious 'strongmen' culture

    Philippine Sen. Gregorio Honasan greeted me with a huge smile, like a long-lost friend. His firm handshake was punctuated by the stubble of a finger partly severed on razor wire during a prison escape."Call me, Greg," he enthused, ushering me to a c

    June 22, 2017 10:00 am JST