Large crowds on opening day lifted sales at the new store to a one-day company record. (Miniso)
Retail

China retailer Miniso opens its biggest store in Jakarta

New Indonesia location sets one-day sales record for growing chain

7 September 2024
Tecno-branded devices on display at a cellphone store in Manila. (Photo by Yuki Fujita)
Electronics

China's $200 phones put Samsung on the run in Philippines

Apple eyes Southeast Asian push with first store in Malaysia

7 September 2024
Geely says it now has a total of 30 satellites in orbit and operational. (Photo by Tomoko Wakasugi)
China tech

China's Geely builds out satellite network with latest launch

Automaker set to start global communications service

7 September 2024
A worker waits for customers beside solar panels which he sells along a main road in Manila.
Markets

Manila Electric to sell $600m stake in solar subsidiary to Actis

Proceeds to be spent on joint development of $3.5bn Terra Solar energy storage project

6 September 2024
Japan's Seven & i Holdings has told Alimentation Couche-Tard that the Canadian company's proposed takeover is "opportunistically timed and grossly undervalues our standalone path and the additional actionable avenues." (Photo by Yoshiyuki Tamai)
Business deals

7-Eleven owner says bid by Couche-Tard undervalues its potential

Seven & i discloses letter responding to Canadian peer's takeover proposal

6 September 2024
The Netherlands, home to ASML, is tightening its export restrictions on chipmaking tools.
Technology

Netherlands curbs more ASML exports, in line with U.S. rules

Dutch company is Europe's top semiconductor equipment maker

6 September 2024
Campaign posters for Anura Kumara Dissanayake of National People's Power in Colombo on Aug. 19. (Photo by Shinya Sawai)
Editor-in-Chief’s Picks

Letter from Nikkei Asia's editor: Raring to vote

Shin Nakayama shares his weekly reflections and recommendations

6 September 2024
Toyota's decision to lower its EV production target for 2026 to 1 million cars, 30% below its earlier sales forecast, was prompted by the slowdown in the global EV market.
Electric vehicles

Toyota to slow EV output to 30% below previous 2026 sales forecast

Japan auto giant revises plan, now eyes 1m cars for global market

6 September 2024
An ammonia tank at JERA's Hekinan thermal power station, in Japan's Aichi prefecture.
Opinion

Japan is quietly in the lead on ammonia-coal co-firing projects

Support from Tokyo is helping to drive Indonesia's green energy goals

6 September 2024
While China is pushing its banks to lend to real estate developers, unfinished apartment buildings can be seen in many cities.
China debt crunch

China's regional banks move quicker to shed bad real estate debt

Net interest margins strained by government pressure to lend more

6 September 2024
U.S short seller Hindenburg Research has accused India's market regulator chief Madhabi Puri Buch of conflict-of-interest over ties to conglomerate Adani Group.
Markets

India stock market regulator under fire again after Hindenburg row

Agency blames employee claims of toxic workplace on 'external elements'

6 September 2024
Stream article image
Podcast: News Roundup

Australia's growing housing problem

Tune in to Nikkei Asia's podcast, bringing the region's key news to global listeners

6 September 2024
Despite its sponsorship of the Euro 2024 soccer championship, BYD has yet to make sales headway in Germany. (Photo by Jens Kastner)
Automobiles

BYD's new German strategy under scrutiny after August sales slump

Lack of trust in after-sales services, low brand recognition seen as problems

6 September 2024
New U.S. export controls restrict shipments of quantum computing technology and other items that could be used to fuel China's advances in strategic areas. 
Technology

U.S. implements new export curbs on advanced chips and quantum tech

Rules take aim at China's advances in cutting-edge technologies

6 September 2024
Production of rice in Japan is guided by the government, and deviations from estimates of supply and demand due to weather events and things like higher tourism can lead to shortages and higher prices. (Photos by Junpei Kinefuchi)
Commodities

Japan's rice demand rises amid record tourist numbers

Heat wave and domestic demand also contribute to shortages and price hikes

6 September 2024
Green Rubber Energy's technology offers an alternative to burning waste tires. (Green Rubber Energy)
Climate Change

Japan's Marubeni takes stake in Thailand tire recycling company

Trading house buys into technology that recovers carbon black

6 September 2024
Emergency personnel carry the body of a person killed in a fire at a lithium battery factory owned by South Korean battery maker Aricell, in Hwaseong, Jun. 24. The disaster was the latest in a long-running string of fatal business-related accidents in the country.
Business Spotlight

South Korea Inc. faces reckoning as company CEO awaits trial over factory fire

After battery plant disaster kills 23, campaigners seek justice, safety in workplace

6 September 2024
A view of a wafer on display during Foxconn's annual Tech Day in Taipei in October 2022. The Taiwanese tech scene is deeply integrated with the rest of society.
Opinion

Asia can show the West how to integrate tech with societal needs

Taiwan, India and Japan offer lessons on community integrated innovation

6 September 2024
Incoming Alimentation Couche-Tard CEO Alex Miller argued that buying 7-Eleven operator Seven & i holdings would "deliver a compelling outcome" for shareholders and employees.
Business deals

7-Eleven suitor Couche-Tard 'confident' in financing of buyout

CEO says Canadian company has leeway for 'higher leverage' if needed

6 September 2024
Toyota Motor plans to build a new electric-vehicle battery factory that will supply a nearby Lexus assembly plant. (Photo by Haruka Kadooka)
6 September 2024
Though U.S.-China tensions have cast a shadow over international trade, Alibaba.com's American business is growing fast, the company says.
China tech

Alibaba accelerates U.S. push with AI sourcing tool

Chinese e-commerce giant eyes more overseas expansion as supply chains diversify

6 September 2024
Fuel cell vehicles can be fully charged in a few minutes, much faster than EVs. (Fabian Kirchbauer Photography)
Automobiles

BMW to make fuel cell cars in 2028 by teaming with Toyota

Automakers look to drive down costs of expensive EV alternatives

6 September 2024
Skyroot Aerospace in 2022 became the first Indian private-sector company to conduct a successful rocket launch. (Skyroot Aerospace)
Startups

India's space ambitions fuel startup fundraising boom

Cost-cutting tech like 3D-printed engines help nation punch above its weight

6 September 2024
Interest in health insurance is growing in Southeast Asia as health awareness rises. (Photo by Fumito Akiyama)
Business deals

Mitsui Sumitomo enters Singapore health insurance via local stake

Japan firm eyes expansion into Indonesia and Vietnam markets

6 September 2024
Jones Lang LaSalle's real estate transparency ranking gave Japan high marks on sustainability, though it lagged on governance. (Photo by Mizuho Miyazaki)
Property

Japan ranked as Asia's most transparent property market by JLL

Environmental rules spur rise to 11th place while Singapore enters top tier

6 September 2024