Bangladeshi workers in Dhaka line up for air tickets to return to Saudi Arabia. Many South Asian migrants work in the Middle East.
Immigration

Philippines, Bangladesh push Asian migrant numbers to record high

6.93 million workers go abroad in 2023 as remittances hit $371.5 billion

27 June 2024
A person holds an image of Indian Prime Minister Narendra Modi outside the ruling Bharatiya Janata Party's headquarters in New Delhi on June 4, the day the results of the general elections were announced. 
Comment

Modi 3.0: Might a 'leapfrogging' strategy lead India astray again?

Policies focused on top tiers have long plagued nation's manufacturing and job market

24 June 2024
A billboard with a picture of Iran's late President Ebrahim Raisi and the country's new presidential candidates is displayed on a street in Tehran.
Your Week in Asia

Iran picks new president, China lawmaking body meets, Vietnam GDP

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

23 June 2024
A family member pays respects during the funeral of a Kuwait fire victim, in the Pathanamthitta district of the Indian state of Kerala on June 15. Rampant unemployment in their home country has chased millions of Indians abroad.
Politics

India calls for stronger protections for its overseas workers

Kuwait fire that killed 45 Indians highlights migrants' harsh living conditions

17 June 2024
These days, most Israeli travelers to the Maldives are young surfers. With its foreign reserves falling, the archipelago is relying more than ever on its tourism sector.
International relations

Maldives weighs ban of Israeli passports but fears for tourism sector

Public anger in the Muslim-majority nation pressures government to act

15 June 2024
Pakistan's Finance Minister Muhammad Aurangzeb presents the government's proposed budget to the National Assembly in Islamabad, on June 12. (Pakistan Finance Ministry Press Service via AP)
Economy

Pakistan floats international travel ban for tax dodgers

Ambitious $67bn budget in line with IMF demands, experts say

13 June 2024
Drivers push auto rickshaws in a line to buy gasoline from a fuel station in Colombo, Sri Lanka, in July 2022 amid an economic crisis.
Economy

Developing countries face record interest payments as rates rise

Growing debt burden casts shadow over global economic outlook

12 June 2024
A general photo of street in New Delhi. India is set to remain the world's fastest growing large economy. (Photo by Suzu Takahashi)
Economy

India to remain fastest growing big economy in 2024, World Bank says

Global expansion to hold steady at 2.6%; U.S. presidential election a risk for Asia

11 June 2024
Narendra Modi bows during his swearing-in for a third term as India's prime minister in a ceremony at the presidential palace in New Delhi on June 9. 
Opinion

Coalition rule could be good news for the Indian economy

Previous multiparty governments have pushed through tough reforms

11 June 2024
Chinese President Xi Jinping, right, and Pakistani Prime Minister Shehbaz Sharif greet each other at the Great Hall of the People in Beijing on June 7.
International relations

China rebuffs Pakistan's Sharif on new BRI investment

Islamabad hoped Beijing visit would breathe new life into infrastructure deals

11 June 2024
Indian Prime Minister Narendra Modi speaks at his swearing-in ceremony at the presidential palace in New Delhi on June 9. (Photo by Suzu Takahashi)
India elections

Narendra Modi retains finance, defense, other core cabinet ministers

Subrahmanyam Jaishankar stays in external affairs post in India's new government

11 June 2024
Indian Prime Minister Narendra Modi will be sworn in for a third term on June 8, though his Bharatiya Janata Party lost its outright majority in parliament.
Equities

India stock market heads into uncertain post-election landscape

Modi's weakened grip on power raises questions about reform outlook

8 June 2024
Russian President Vladimir Putin delivers a speech at the St. Petersburg International Economic Forum on June 7.
International relations

Putin woos China and India investment to build sanctions resilience

Russia president highlights diversifying trade and calls for stronger capital market

8 June 2024
The rupee's relatively tame depreciation underscores the resiliency of India's economy as well as the country's financial stability, Reserve Bank of India Gov. Shaktikanta Das said on June 7.
Currencies

Indian rupee regains stability after falling to near all-time low

Reserve Bank of India stands pat in first meeting after general elections

7 June 2024
Bangladesh Prime Minister Sheikh Hasina's cash-strapped government took a $4.7 billion loan from the International Monetary Fund. (Nikkei montage/Source photos by Reuters)
Economy

Bangladesh cuts GDP growth target to 6.7% as economic crisis bites

Lower forecast comes as government announces 'cautious' $67.5bn budget

7 June 2024
A damaged bus at the scene of a suicide bomb attack that killed five Chinese nationals in Pakistan on March 26.  
Terrorism

Pakistan beefing up security after deadly attacks on Chinese workers

Islamabad under pressure to ease Beijing's concerns amid future investment fears

3 June 2024
Chinese students gathered in Beijing's Tiananmen square on May 4, 1989, despite official warnings against entering the area.
Your Week in Asia

Tiananmen 35th anniversary, India election results, Samsung strike

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

2 June 2024
Shopkeepers at a wholesale market in Kolkata. India's economic growth beat the 6.7% rise predicted by 54 economist for the January-March period.
Economy

India GDP grows 7.8% in Jan.-March, as manufacturing recovers

Performance beats expectations, but private investment and consumption still weak

31 May 2024
The Reserve Bank of India maintains one of the smallest balance sheets among its peers.
Opinion

India's central bank must be revamped for the economy's sake

RBI should be regionalized and support corporate bond market

30 May 2024
Bangladeshi Prime Minister Sheikh Hasina speaks to journalists on Jan. 8 after winning her fourth term in power. The elections were marred by violence and arrests of opposition leaders.
International relations

Renewed U.S. outreach to Bangladesh signals strategic shift in region

U.S. diplomat Lu prioritizes economic partnership to counter China's influence

28 May 2024
First-time voter Rinchen, 23, shows her inked finger outside a unique polling station in India's remote Warshi village, home to just one family and five eligible voters, on May 20.
Your Week in Asia

India election wraps up, East Asia powers meet, HK national security verdict

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

26 May 2024
A cargo vessel at the port in Chabahar, Iran, during an inauguration ceremony for the first export convoy to India via Iran in February 2019.
26 May 2024
A Chinese-backed power plant under construction in Pakistan's southern Sindh province in 2018.
International relations

Pakistan scrambles for relief on $15bn energy debt owed to China

UAE surprises with $10 bn investment in promising sectors of economy

24 May 2024
Indian External Affairs Minister Subrahmanyam Jaishankar delivers a video address at the Future of Asia forum in Tokyo on May 24. (Photo by Yuki Kohara) 
The Future of Asia 2024

India seeks to extend influence in Middle East, Africa: Jaishankar

Foreign minister says country's transformation is crucial for building multipolar world

24 May 2024
The IMF has told Pakistan it must stop subsidizing money-losing entities, such as Pakistan International Airlines (PIA), as a condition for loans to help prop up its faltering economy. (Nikkei montage/Source photos by Getty Images)
Asia Insight

Pakistan moves to sell national airline in test case for privatization drive

Dozens of state enterprises on auction block as IMF calls for end of subsidies

21 May 2024