Singaporean Prime Minister Lee Hsien Loong, left, and Deputy Prime Minister Lawrence Wong. (Source photos by Uichiro Kasai and Mayumi Tsumita)
Politics

Lee Hsien Loong to step down as Singapore prime minister in May

51-year-old Wong to take over in city's first leadership change in 20 years

16 April 2024
The rupiah has lost 3% in the past month amid concerns over Indonesia's political situation in the aftermath of the presidential election on Feb. 14.
Currencies

Rupiah hits 4-year low as Indonesia reopens after holiday

Ramadan inflation, election aftermath add to gloom on currency

16 April 2024
SMD Semiconductor CEO Shariman Jamil advocates for the state of Sarawak to take on a bigger role in Malaysia's semiconductor industry. (Photo by Norman Goh)
Semiconductors

Malaysia's Sarawak seeks to turn itself into a chip design hub

SMD Semiconductor CEO says the state has background and experience to succeed

15 April 2024
Thai Prime Minister Srettha Thavisin, right, has been pressuring Bank of Thailand Gov. Sethaput Suthiwartnarueput to cut interest rates for the good of the country's slowing economy. (Nikkei montaage/Source photos by Hiroki Endo and Ken Kobayashi)
Market Spotlight

Bank of Thailand ignores Srettha's pressure to cut interest rate

Central bank expects inflation to pick up, punts baht-weakening structural problems to government

15 April 2024
Bangkok's Pratunam clothing market is a popular shopping destination for Indonesians who take consumer items back home to sell. (Photo by Devin Jimie)
Business trends

Indonesia aims for tighter curbs on import practice known as 'jastip'

Personal travel and social media used to sell and promote wares purchased abroad

14 April 2024
Indian Prime Minister Narendra Modi, center, wearing a saffron cap, on the election campaign trail near Delhi on April 6. He is aiming for a third-straight term as head of the world's biggest democracy.
Your Week in Asia

India votes, China GDP and Germany's Scholz meets Xi in Beijing

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

14 April 2024
One of the unfinished 'ghost buildings' in Sihanoukville, Cambodia.  (Photo by Hiroki Endo)
Property

Chinese exodus leaves Cambodia boomtown with 500 'ghost buildings'

Sihanoukville saddled with unfinished projects due to casino clampdown and COVID

14 April 2024
A man stands outside a currency exchange bureau in downtown Nairobi, Kenya. Emerging economies around the world are feeling the pressure of a strong greenback.
Economy

From Indonesia to Japan, dollar's rising strength raises global alarm

G20 finance ministers likely to discuss issue as their currencies depreciate

14 April 2024
Jewel Changi Airport, a popular tourist spot in Singapore. The city-state's economy grew 2.7% in the first quarter of 2024.
Economy

Singapore Q1 GDP growth ticks up to 2.7% on 'strong' tourism recovery

City-state keeps monetary policy unchanged as inflation remains sticky

12 April 2024
Oppstar's IPO was a big hit -- it was oversubscribed by 77 times -- but the frenzy also showed how far Malaysia has to go to return to its former tech glory.
Business Spotlight

Malaysian 'Silicon Valley' seeds homegrown chip startups

Former Intel engineers attempt to push Penang to higher end of value chain

12 April 2024
A Cosco Shipping container ship at the Yangshan Deep Water Port in Shanghai. (cnsphoto via Reuters)
Economy

China to cap 'healthy' developing Asia's growth in 2024, says ADB

Second-largest economy's downturn could bring 'spillovers to trading partners'

11 April 2024
An employee inspects a printed circuit board at a production facility of automated test equipment designer Aemulus Holdings in Penang, Malaysia.
Opinion

Time is ripe for Malaysia to move upstream into designing chips

Penang can build on success in downstream areas of semiconductor production

11 April 2024
Thailand has been courting foreign investment to grow its EV industry.
Automobiles

Thailand smiles at both Taiwan and China as it courts EV investment

Delta Electronics, BYD among companies betting on Southeast Asia's top auto producer

11 April 2024
Thailand's inflation has fallen short of the bank’s target range of 1% to 3% for two straight quarters.
Economy

Bank of Thailand keeps interest rate at 2.5%, defying PM Srettha

Government to fund $14bn digital wallet with fiscal budget, not loans

10 April 2024
Port Klang is the second-busiest port in Southeast Asia, after only Singapore. (Photo by Norman Goh) 
Supply Chain

Malaysia's largest port to double capacity to chase Singapore

Supply chain diversification adds to logistics competition in Southeast Asia

10 April 2024
Laem Chabang port in 2020: Thailand has been slow to adjust to the changing nature of globalization. (Photo by Akira Kodaka)
Opinion

To revive investor interest, Thailand needs more than salesmanship

Structural reform needed to make country competitive with neighbors

9 April 2024
Vietnam's Momo payment app uses QR codes. Laos has been in talks with Vietnam to link QR payment platforms. (Photo by Yuji Nitta)
International relations

ASEAN finance chiefs agree to expand cross-border QR payments

Integrated networks seen as crucial to regional economic growth

6 April 2024
Inflation readings in Thailand have been negative, a trend largely fueled by government subsidies on diesel.
Economy

Thailand inflation fell by 0.47% in March for its sixth straight drop

Negative streak could end if fuel subsidies elapse or decrease

5 April 2024
Myanmar soldiers salute during an Armed Forces Day parade in Naypyitaw on March 27.
Myanmar Crisis

As Myanmar starts military draft, many flee the country

Potential recruits' departures drive national currency to near-record weakness

5 April 2024
Singaporean Prime Minister Lee Hsien Loong, left, and Australian Prime Minister Anthony Albanese: The two countries plan to build a Green and Digital Shipping Corridor.
Opinion

ASEAN and Australia are facing up to need for green cooperation

Current fossil fuel-focused trade ties will have to evolve

5 April 2024
The Laotian kip has depreciated by more than 10% from a year earlier. (Photo by Ken Kobayashi)
International relations

ASEAN finance chiefs to seek progress on cross-border payments

Host nation Laos looks to soften economic fallout from China slowdown

5 April 2024
Prime Minister Fumio Kishida tells Nikkei in an interview that Japan needs to "take greater responsibility" in providing options for Southeast Asian countries. (Photo by Yuki Kohara)
Interview

Japan, U.S., Philippines to cooperate in clean energy, chips: Kishida

Prime minister speaks to Nikkei in exclusive interview ahead of trilateral summit

4 April 2024
Kim Hyong-mo, the representative in Vietnam of the Korea Chamber of Commerce and Industry, speaks during an interview in Hanoi. (Photo by Yuji Nitta)
Business trends

South Korean firms in Vietnam face growing competition from China

Chamber of Commerce says minimum corporate tax rule also affects businesses

4 April 2024
People ride motorcycles near the site where a building collapsed, following the earthquake in Hualien, Taiwan, on April 4.
Natural disasters

Taiwan earthquake kills at least 9; TSMC plants recovering

World's top chipmaker reports no damage to most advanced equipment

4 April 2024
Demand for nickel has been rising due to its use as a key ingredient in hybrid and electric vehicle batteries. But the nickel sector in Indonesia, the world's largest producer of the metal, has been overshadowed by corruption.
Commodities

Indonesia nickel concerns stoked by corruption and land disputes

Bribery charges highlight challenge of regulating lucrative sector

3 April 2024