A decline in new condominium development in China stemming from slumping sales has put a dent in local land-use rights transactions. (Photo by Iori Kawate)
Economy

China's land revenue falls 13% in hit to local governments

2023 marks second straight year that critical source of income falls

2 February 2024
Located on Phuket's western coast, Banyan's Laguna Lakelands will see the start of construction later this year. The 6,000 units will sell for an average price of $325,000. (Photo by Hiroki Endo)
Property

Banyan to build largest luxury housing project in Phuket

Singapore resort operator launches $2bn residential brand as demand booms

1 February 2024
Wilson and Louisville Slugger are two brands owned by Amer Sports, which was founded in Finland and later acquired by a Chinese consortium. 
IPO

Chinese-owned Amer Sports' IPO faces weak U.S. investor appetite

Company behind Wilson and Louisville Slugger sees chance to grow in China

1 February 2024
I met People's Bank of China Gov. Zhou Xiaochuan, left, and Bank of Korea Gov. Lee Ju-yeol, right, during their visit to Japan in October 2016.
Haruhiko Kuroda

Negative interest rates: Haruhiko Kuroda (24)

Decision barely passes at BOJ's monetary policy meeting by a thin 5-4 majority

1 February 2024
Japanese brokerage Nomura Holdings has been unable to beat its profit record despite the historic rally by the Nikkei Stock Average.
Finance

Nomura, Daiwa earnings miss out on Japan's stock boom

Big brokerages reorient away from trading commissions to asset management

1 February 2024
Bank of Japan Gov. Kazuo Ueda, center, and the rest of the policy board met on Jan. 23.
Bank of Japan

When will BOJ end negative rates? Policymakers eye March or April

Minutes from January meeting show more optimism going into Japan wage hike season

1 February 2024
Gold ingots have become popular with Chinese consumers wary of property and stock market investments.
Economy

China gold purchases soar 30% on economic anxiety

Central bank and individual investors seek stability amid geopolitical risks

1 February 2024
Chinese authorities have taken steps to support the stock market, such as restricting the borrowing of shares by short sellers.
Markets

China stocks suffer 'strongest' outflow of foreign investment since 2014

Beijing's efforts fail to stem sell-off as confidence takes another hit from Evergrande

31 January 2024
The Indonesia Stock Exchange expects just over 60 companies to go public in 2024, down from 79 last year. (Photo by Ken Kobayashi)
IPO

IPO fundraising plunged in Thailand and Indonesia in second half of 2023

Total raised in region dropped 60% amid political uncertainty and China worries

31 January 2024
I explained the Bank of Japan's quantitative and qualitative easing policy at a news conference in April 2013.
Haruhiko Kuroda

The introduction of QQE: Haruhiko Kuroda (23)

Kuroda takes over at the BOJ and embarks on unprecedented monetary easing

31 January 2024
The BSE in India saw equity options trade increase more than 10 times in 2023 after the launch of "zero days to expiration" options.
Markets

India and rest of Asia drive surge in global derivatives trades

'Zero days to expiration' options draw investors seeking quick, cheap bets

31 January 2024
: A gas flare on an oil production platform is seen alongside an Iranian flag in the Persian Gulf.
Commodities

Iran's oil exports reach 5-year high, with China as top buyer

Rising supply from sanctions-hit country tamps down prices amid tensions

31 January 2024
Hong Kong real estate tycoon Ronnie Chan, right, announced on Jan. 30 that he would step down as chairman of Hang Lung Properties, with his son Adriel Chan, left, taking over. (Photo by Peggy Ye)  
Property

Hong Kong real estate tycoon Ronnie Chan to step down

Hang Lung Properties passes to a third generation of family

30 January 2024
International investors purchased 384.1 billion yen of Japanese stocks last week after buying the largest amount since June in the previous week. (Photo by Nanami Sato)
Markets

Japan's stock market boosted by revamped NISA and seasonality

After minor profit-taking, Nikkei Stock Average on a rise, seeking new high

30 January 2024
Companies are using surplus funds to increase returns to shareholders partly because the Tokyo Stock Exchange has called for listed firms to improve their capital efficiency. Buybacks were especially noticeable among companies with relatively low price-to-book ratios.
Markets

Japan firms' share buybacks expanded to a record $65bn in 2023

Swollen surplus funds were actively used to boost returns to shareholders

30 January 2024
China Evergrande Group has more than $300 billion in liabilities. (Source photos by Reuters)
China debt crunch

Evergrande's liquidation: 5 things to know about what comes next

'Arduous process' will test China property market, cross-border insolvency regime

30 January 2024
With ADB Vice President Bindu Lohani, fourth from left, and other ADB colleagues. I am the third from left.
Haruhiko Kuroda

The Global Financial Crisis: Haruhiko Kuroda (22)

Kuroda heads to Europe, U.S. to gain support for ADB's 200% capital increase

30 January 2024
China’s real GDP growth, which is adjusted for inflation, beat the government’s target to grow at 5.2% in 2023
Caixin

China's debt-to-GDP ratio climbs to record 287.8% in 2023

Macro leverage ratio rises 13.5 percentage points from year earlier

30 January 2024
Chinese authorities have been working to stem the downward trend in stock prices.
Markets

China stocks fall despite expanded short-selling curbs

Investor confidence remains shaky as property slump clouds outlook

30 January 2024
The headquarters of China Evergrande Group in Shenzhen. (Photo by Yusuke Hinata)
China debt crunch

Evergrande's liquidation is ordered by Hong Kong court

Heavily indebted Chinese developer fails to reach restructuring agreement with creditors

29 January 2024
Big funds for Japan are being established because promising startups have been fostered there. Low interest rates and expectations of favorable effects from policy measures have also contributed. (Photo by Konosuke Urata)
Startups

VCs' funding capacity for Japan startups soars to record $9.7bn

Year-end total of 'dry powder' cash reserves has risen by seven times in decade

29 January 2024
I attended a news conference at ADB's annual meeting in Madrid in May 2008.
Haruhiko Kuroda

Strategy 2020 at the ADB: Haruhiko Kuroda (21)

Kuroda makes major changes to the bank's long-term strategy

29 January 2024
U.S. economic envoy Jose Fernandez says problems with renewable energy are holding back billions in chip investment in Vietnam. Here he meets Vietnamese Planning and Investment Minister Nguyen Chi Dung. (U.S. Embassy Hanoi)
Supply Chain

Vietnam is a top target for CHIPS Act aid funds, U.S. says

Country urged to seize the opportunity as supply chains shift from China

29 January 2024
Construction is seen in Beijing City Sub-center in Tongzhou.
Caixin

Beijing government repays bond 17 years early to save on interest

City cut interest costs by 70% in 2023 by paying off debt before maturity

29 January 2024
The Monetary Authority of Singapore's headquarters in Singapore.
Economy

Singapore keeps monetary policy tight as inflation persists

Central bank releases first decision under new quarterly schedule

29 January 2024