Indonesian Finance Minister Sri Mulyani Indrawati says President-elect Prabowo Subianto's free school lunch program will not affect the country's budgetary deficit target next year.
Economy

Indonesia looks to curb cost concerns over Prabowo's free meal program

Finance minister says budgetary deficit will stay under 3% of GDP in 2025

24 June 2024
The Philippines considers online casinos operating in the country for Chinese gamblers as "not yet a national security threat ... but a national security concern," according to National Security Advisor Eduardo Ano. (Nikkei montage/Source photos by Getty Images and Reuters)
International relations

Philippines warns online casinos could be China-linked 'Trojan horses'

Concerns mount as authorities continue investigations and raids

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
Arsenio Balisacan, secretary of the Philippine National Economic and Development Authority, expressed the importance of sustaining economic momentum at a media roundtable in Tokyo on June 20. (Photo by Yuichi Shiga)
South China Sea

Philippines wants China economic ties despite tensions: top official

Manila hopes Japan will take a larger economic role, including more ODA funding

21 June 2024
Indonesian rupiah recently fell to 16,415 against the dollar, the lowest in four years and two months. (Photo by Ken Kobayashi)
Economy

Indonesia maintains key interest rate at 6.25% as rupiah slumps

Lack of change comes as inflation stays within central bank's target range

20 June 2024
A cargo vessel docked at Manila's main port. The nation has plans to improve its supply chains.
Supply Chain

Philippines plans 17 new ports to boost agricultural supply chain

Move comes as many in country grapple with surging food prices

19 June 2024
Indonesian President Joko Widodo speaks about Indonesia's planned new capital, Nusantara, in Singapore, in June 2023.
Politics

Indonesian officials' departure reveals turmoil in capital relocation

Outgoing President Jokowi's legacy project hits snag two months before move

17 June 2024
A currency trader in Mumbai: Despite Asian economies' robust external balances, going against strong market forces can lead to significant currency pain. 
Opinion

Asia can bear with 'higher-for-longer' U.S. rates

Pragmatic central bankers and resilient fundamentals curb risk of capital flight

17 June 2024
The China-led Myitsone dam project in Myanmar's Kachin state was designed to produce as much electricity as six nuclear reactors.
Myanmar Crisis

Myanmar revives stalled infrastructure projects with China and Russia

Military regime moves to woo key partners amid pressure at home

16 June 2024
Japanese automaker Toyota is grappling with the fallout of a safety scandal. Some proxy firms are advising investors to vote against reappointing Chairman Akio Toyoda as a director at the company's AGM.
Your Week in Asia

Toyota AGM, Thai gay marriage bill, Indonesian policy meeting

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

16 June 2024
A container ship sails near a port in Malaysia. The Malacca Strait is a key sea lane for global logistics.
Supply Chain

Malaysia to build port near Kuala Lumpur amid supply chain shift

Developer Tanco teams up with a Chinese company on AI-driven facility

14 June 2024
A Bangkok port: ASEAN has a new No. 1 export market now that the U.S. is increasing its procurement of electronic parts from the bloc and China's economy is stagnating.
Trade

U.S. tops China as ASEAN's largest export destination

Positions flip-flop for 1st time in 6 quarters, following supply chain shift

13 June 2024
The excitement of Xi Jinping's Belt and Road, announced in 2013, convinced a developer to build an island and city off the coast of Malaysia. Now China's property sector woes have left investors in unbearable financial straits. (Nikkei montage/Source photos by Yusuke Hinata and Reuters)
China up close

Analysis: Xi Jinping's Belt and Road leaves Malaysia with a 'ghost' island

Forest City project in Johor remains in limbo as Beijing prepares for key meeting

13 June 2024
People fleeing Myanmar run across a bridge at the border village of Zokhawthar, Champhai district, in India's northeastern state of Mizoram, on Nov. 15, 2023.
Myanmar Crisis

Myanmar GDP to stagnate as conscription chases away workers: World Bank

Economic size remains smaller than when military ousted Suu Kyi's government

12 June 2024
Some economists say the central bank us unlikely to cut interest rates before the Fed as it could cause capital outflows and weaken the baht, adding to inflationary pressure.
Economy

Bank of Thailand holds key interest rate steady at 2.5%

Economists expect central bank to wait for Fed's move before easing

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
 Offices and residential buildings crowd in Bangkok. (Photo by Ken Kobayashi)
Myanmar Crisis

Arrests spook Myanmar condo buyers shifting wealth to Thailand

Myanmar clients behind only Chinese in Thai market in Q1

11 June 2024
Some 50 years after the first modern-day Japanese convenience store opened in Tokyo, players like 7-Eleven need expansion in countries such as Thailand, pictured above, as their domestic market is set to shrink.
Business Spotlight

Japan's convenience store chains chase elixir of growth across Asia

Indonesia, Thailand, China in focus as retailers face aging, shrinking home market

7 June 2024
Tokyo-based Uoriki plans to open more outlets selling Japanese seafood in Thailand in partnership with Charoen Pokphand Group. (Photo by Kenya Akama)
Fisheries

Thailand emerges as next big market for Japan seafood

'Blue ocean' market grows in importance after China import ban

7 June 2024
Ministers from IPEF member countries gather for a photo session at their meeting in Singapore on June 6. (Photo by Ng Chun Kiat)
International relations

Singapore, India, others pitch 'clean' projects in U.S.-led framework

Washington keen to back green shift in IPEF member countries to counter Beijing

6 June 2024
Ferdinand Marcos Jr., center, at the New York Stock Exchange in 2022: The Philippine president's team has taken the easy road of producing big GDP numbers.
Opinion

Philippines won't convince skeptics without reform plans

Market harbors doubts about country's economic prospects

6 June 2024
A panel led by Philippine President Ferdinand Marcos Jr. on June 4 announced a plan to slash the tariff on imported rice. 
Agriculture

Philippine rice tariff cut will benefit Vietnam, not farmers, experts say

World's top rice importer moves to contain inflation with 'double-edged sword'

4 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
Southeast Asia is emerging as the latest battleground for tech suppliers serving Apple, Google and others. (Nikkei montage/Photo by AP and Takuya Fujiwara)
Business Spotlight

From Vietnam to Thailand, tech suppliers face tougher battle as China moves in

Taiwanese companies and others face stiff competition from deep-pocketed rivals

31 May 2024
Chinese President Xi Jinping, center, and South African President Cyril Ramaphosa, second from left, attend the China-Africa Leaders' Roundtable Dialogue during the BRICS Summit in Johannesburg in August 2023.
International relations

Thailand aims to become first Southeast Asian BRICS member

Bangkok eyes bigger role among emerging nations in bloc led by China, India, Russia

29 May 2024