A recent report published by the Economist Intelligence Unit says, "Singapore has solidified its position as an international financial center, benefiting from China's crackdown on the rival business hub of Hong Kong." (Source photos by Ken Kobayashi)
Finance

Singapore to 'mop up' finance business leaving Hong Kong: report

EIU says Japan and India also to benefit amid Chinese markets' challenges

16 September 2024
A man walks past an election banner of presidential candidate Namal Rajapaksa outside the Sri Lanka Podujana Peramuna (SLPP) party office near Colombo.
Your Week in Asia

Sri Lanka votes, Midea lists in Hong Kong, BOJ policy meeting

Your weekly lineup of Asia's biggest business and political events

15 September 2024
With a debt repayment due next month, the Maldives has signed a bilateral agreement with China to bolster the economy. 
International relations

China and Maldives sign financial cooperation agreement

Countries to establish framework to support local currency settlement

13 September 2024
A man counts banknotes at a currency exchange shop in Pakistan's Peshawar. The nation last summer came close to default before a last-gasp bailout from the International Monetary Fund.
Economy

Pakistan cuts key interest rate by 2 percentage points to 17.5%

Move marks third straight reduction as central bank tries to spur growth

12 September 2024
An FBI team will visit Bangladesh again to further discuss methods of assistance to the South Asian nation. (Source photos by Getty Images)
Economy

Bangladesh seeks help from FBI, U.N. agency to recover laundered money

An estimated $100bn was siphoned abroad in past 15 years under Hasina regime

12 September 2024
Many Japanese businesses, including Honda Motor, have operations in the Indian state of Rajasthan. (Photo by Ryosuke Hanada)
Interview

India's Rajasthan courts Japan auto industry with eye on EVs

State chief touts potential for business and tourism opportunities

12 September 2024
Indian Prime Minister Narendra Modi delivers an address at Semicon India on Sept. 11. (Photo by Aya Onishi)
Semiconductors

Semicon India: Modi touts goal to become chipmaking powerhouse

Now is 'right time' for global chipmakers to be in India: PM says at expo

12 September 2024
Signs are growing that the government of Indian Prime Minister Narendra Modi may be easing up on its controls on inbound Chinese investment.
Asia Insight

India edges warily toward accepting more Chinese investment

Despite security concerns, FDI seen as key to Modi's manufacturing drive

10 September 2024
Pakistani Prime Minister Shehbaz Sharif meets with the managing director of the International Monetary Fund, Kristalina Georgieva, in Paris on June 22, 2023.
Economy

Pakistan struggling to seal $7bn IMF bailout for crisis-hit economy

Subsidies and shortfall in external financing lie at heart of delay, sources say

9 September 2024
Pakistan Prime Minister Shehbaz Sharif, right, meets with managing director of the International Monetary Fund, Kristalina Georgieva, in Paris in June 2023.
Opinion

Pakistan's fragile path to economic stability requires deeper reforms

Moody's upgrade offers optimism as IMF aid arrives, but structural challenges persist

8 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
Indian Prime Minister Narendra Modi greets Singaporean Prime Minister Lawrence Wong on Sept. 5 in Singapore. (Photo from Modi's X account)
Semiconductors

India signs chip deal with Singapore during Modi visit

Indian PM meets counterpart Lawrence Wong to bolster supply chain

5 September 2024
Employees assemble an electric transformer on the outskirts of Ahmedabad, India.
Opinion

India's 'jobs budget' won't create enough formal jobs

Modi's fiscal plan needs to be bolder to address structural challenges of the labor market

5 September 2024
Supporters of President Ranil Wickremesinghe rally in Dambulla on Aug. 24: For better or worse, the incumbent is the Sri Lankan face of the IMF's rescue program. (Photo by Shinya Sawai)
The Big Story

Election campaign energizes Sri Lankans weary of economic turmoil

Presidential candidates tap public misgivings about IMF-directed policy changes

4 September 2024
U.S. Vice President Kamala Harris attends a campaign event focused on Asian American, Native Hawaiian and Pacific Islander communities on July 9 in Nevada, one of seven key states that could decide the outcome of November's presidential election.
Asia Insight

Once neglected, Asian Americans now courted in knife-edge election

Tiny margins in battleground states spotlight voters like Wisconsin's Hmong community

3 September 2024
Pope Francis meets a child during a ceremony at Chinggis Khaan International Airport in Ulaanbaatar at the end of his visit to Mongolia, Sept. 4 2023.
Your Week in Asia

Pope in Asia, China-Africa forum, Japan-Australia 2+2

Your weekly lineup of Asia's biggest business and political events

1 September 2024
Government spending on infrastructure such as roads and highways has boosted India's economy in recent years. (Photo by Ken Kobayashi)
Economy

India's economic growth slows to 6.7% in April-June

Slowdown comes after government spending eased in run-up to mammoth election

30 August 2024
Garment employees work in a sewing section of the Fakhruddin Textile Mills Limited factory in Gazipur, Bangladesh.
Commodities

Bangladesh garment sector short on cotton as floods worsen protest backlog

Production down 50% in crucial industry as disruptions hit supply chain

30 August 2024
Kamala Harris is the first Indian American and Black woman to be nominated for the U.S. presidency by a major political party.
U.S. elections 2024

Kamala Harris faces challenges in attracting Indian American support

Longtime Democratic voting bloc attracted by Republican tax cuts, small business support

29 August 2024
Already elevated rice prices in Bangladesh may rise further as severe floods affect crops and distribution nationwide. 
Commodities

Thai rice prices hit two-month peak, Bangladesh hit by floods

With Indian rice no longer significantly cheaper, buyers seek other options

29 August 2024
An Apple Store in Mumbai. India is becoming an increasingly important market and production location for the iPhone.
Supply Chain

Apple starts making latest iPhones in India, accelerates push beyond China

Tech giant looks to diversify supply chains as geopolitical uncertainty festers

29 August 2024
India lowered import tariffs on gold and other metals from 15% to 6% in July.
Commodities

Gold buying soars on India tax reforms as prices near record high

Central banks in emerging markets also increase purchases on geopolitical concerns

29 August 2024
Rohingya refugees in Cox's Bazar shout slogans to mark the seventh anniversary of their fleeing to Bangladesh from neighboring Myanmar to escape a military crackdown in 2017.
Bangladesh turmoil

Stateless Rohingya put faith in Bangladesh leader Yunus

Refugees hope head of caretaker government resolves stalled repatriation efforts

27 August 2024
Indonesian and American soldiers will take part in Super Garuda Shield joint training exercises in Java and Sumatra this week. 
Your Week in Asia

Indonesia-U.S. maneuvers, BHP earnings, Indian economy data

Your weekly lineup of Asia's biggest business and political events

25 August 2024