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  • China buys a good chunk of Bangladesh's main stock exchange

    DHAKA/NEW DELHI A consortium of the Shanghai and Shenzhen stock exchanges has officially acquired one-quarter of the shares of the Dhaka Stock Exchange, marking the latest expansion in China's Belt and Road Initiative into a foreign stock exchange.T

    May 17, 2018 10:00 am JST
  • Pakistan takes aim at its tax-evasion epidemic

    ISLAMABAD Pakistan hopes to end years of rampant tax evasion with an ambitious amnesty plan that the government of Prime Minister Shahid Khaqan Abbasi is presenting as a major economic reform.Pakistan has generally been embarrassed by its failure to

    May 17, 2018 10:00 am JST
  • 'Middlemen' put Bangladeshi female migrant workers at risk

    BANGKOK When a Bangladeshi woman working as a maid in Saudi Arabia wanted to return home last year for her son's funeral, her employers refused to let her go -- even though she was being forced to work without pay and past the length of her two-year

    May 17, 2018 10:00 am JST
  • China's Belt and Road builds trail of stakes in Asian bourses

    DHAKA/NEW DELHI -- China's expanding Belt and Road Initiative added its latest investment into a foreign stock exchange Monday as a consortium of the Shanghai and Shenzhen bourses snapped up one-quarter of the shares in Bangladesh's Dhaka Stock Exch

    May 15, 2018 03:12 am JST
  • Bangladesh to join space age amid skepticism about costs

    DHAKA -- Bangladesh is expected to put its first satellite into orbit on Thursday aboard a SpaceX Falcon 9 rocket launched from the Kennedy Space Center in Florida. While the government has billed the $317 million project as a modernizing move that

    May 10, 2018 04:53 pm JST
  • China's specter looms over Modi's Nepal visit

    NEW DELHI/KATHMANDU -- China's shadow will be looming large over Indian Prime Minister Narendra Modi's visit to Nepal this weekend to restore fragile ties between the two South Asian neighbors.Modi will make the trip May 11-12, his third since assum

    May 10, 2018 03:05 pm JST
  • Sri Lanka's debt problem deepens as its currency weakens

    NEW DELHI Sri Lanka is sinking deeper into a debt trap as its currency weakens and economic growth decelerates to its slowest pace in 16 years.The Sri Lankan rupee has depreciated 3% this year to around 157 per dollar, according to forex data that t

    May 10, 2018 10:00 am JST
  • Alibaba buys Pakistani online marketplace

    SHANGHAI -- Alibaba Group Holding has acquired Pakistani peer Daraz Group, a move that will help the top Chinese e-commerce platform expand its reach in Asia.Alibaba did not disclose the financial terms of the deal in Tuesday's announcement. Daraz w

    May 10, 2018 02:37 am JST
  • Concerns rise over Bangladeshi female migrant workers

    BANGKOK -- When a Bangladeshi woman working as a maid in Saudi Arabia wanted to return home last year for her son's funeral, her employers refused to let her go -- even though she was being forced to work without pay, and past the length of her two-

    May 8, 2018 12:30 pm JST
  • Pakistan promotes tax amnesty as it prepares to borrow abroad

    ISLAMABAD -- Pakistan is hoping to bring an end to years of rampant tax evasion with an ambitious amnesty that the government of Prime Minister Shahid Khaqan Abbasi is presenting as a major economic reform. Pakistan has generally been embarrassed by

    May 7, 2018 02:30 pm JST
  • Bangladesh drugs gangs exploit Rohingya refugees

    DHAKA -- The influx of Rohingya refugees into Bangladesh in recent years has resulted in a dramatic fall of more than 50% in the price of a popular methamphetamine-based drug known as Yaba, meaning that the pill, previously taken only in elite circl

    May 5, 2018 03:00 pm JST
  • Sri Lanka can't decide whether to erase or embrace its colonial past

    When Sri Lankan Prime Minister Ranil Wickremesinghe invited Britain's Prince Edward to be guest of honor at the country's 70th Independence Day celebrations this year, Sri Lankans took it in stride. This was a form of progress for the premier, who w

    May 3, 2018 10:00 am JST
  • Sri Lanka weighs colonial ballast

    When Sri Lankan Prime Minister Ranil Wickremesinghe invited Britain's Prince Edward to be guest of honor at the island state's 70th Independence Day celebrations this year, Sri Lankans took it in their stride. This was a form of progress for the pre

    May 3, 2018 09:30 am JST
  • Sri Lanka's currency suffers as debt trap deepens

    NEW DELHI -- Sri Lanka, which has loaded up on Chinese-funded infrastructure, is sinking deeper into a debt trap as its currency weakens and economic growth decelerates to its slowest pace in 16 years.The Sri Lankan rupee has depreciated 3% against

    April 29, 2018 01:00 pm JST
  • Pakistan outgoing govenment unveils 5.93 trillion rupee budget for FY 2018

    ISLAMABAD (Kyodo) -- The Pakistan government set to relinquish power in May has unveiled a 5.93 trillion rupee ($51.1 billion) budget for fiscal 2018 beginning July 1, triggering an immediate protest by the opposition.The term of the current governm

    April 28, 2018 07:05 pm JST
  • Thailand, Brazil, Australia join up to halt sugar exports from India and Pakistan

    BANGKOK -- The world's major sugar exporters are calling for an end to export subsidies from Pakistan and India, following concerns that the financial support could lead to an oversupply of the commoditiy that will drag down the already weak global

    April 28, 2018 12:07 pm JST
  • India and China vie for access to Iranian trade corridor

    NEW DELHI/ISTANBUL The modern Great Game between China and India has reached the playing field of the original imperial rivalry in the 19th century: Iran and Central Asia.The rising giants each want to be the one to shape a new regional order. Their

    April 26, 2018 10:00 am JST
  • Nepal's Sherpas take the entrepreneurial route on Everest

    KATHMANDU As Nepal's 2018 climbing season gets underway, Nepalese companies are stepping up efforts to compete with Western operators helping foreign climbers to scale Mount Everest, the world's highest mountain.Although it costs at least $20,000 to

    April 26, 2018 10:00 am JST
  • Satyajit Das

    Facebook controversy raises wrong questions

    Facebook's current imbroglio is a reminder of an observation by author Thomas Pynchon: "Once they have you asking the wrong questions. They don't have to worry about the answers."The debate is narrowly focused around privacy and unauthorized data us

    April 25, 2018 02:00 pm JST
  • India and China jostle for influence in Iran and Central Asia

    NEW DELHI/ISTANBUL -- China and India's new Great Game has reached the playing field of the original imperial power rivalry in the 19th century: Iran and Central Asia.Each of the rising giants wants to be the one to shape a new regional order. Their

    April 24, 2018 04:26 pm JST