An Air China plane at Beijing's international airport. China is seeing record outflows of rich citizens, research shows, potentially adding to the strain on the economy.
Wealth Management

China to see biggest millionaire exodus in 2024 as many head to U.S.

'Perfect storm' of tensions and uncertainty spurs record global wealth shift, report shows

18 June 2024
EVs to be loaded for exported in Yantai, China in March: Prospects for European companies producing EVs on the continent are grim. (FeatureChina via AP Images)
Opinion

Managed trade isn't good but is best way forward for China and EU

Planned EV tariffs could set off tit-for-tat retaliation that would hurt both sides

18 June 2024
Tanegashima is Japan's answer to Cape Canaveral in the U.S., but with rocket launches few and far between, island businesspeople and officials say industries other than space need to be developed. (Nikkei montage/Source photos by Mayumi Tsumita and Ultra-X)
Asia Insight

Japan's 'rocket island' revival rests on startups, tech jobs and immigrants

Small firms breathe life into town headed for extinction with space boom years away

18 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
Shoppers walk in a retail district of Beijing. China's retail sales exceeded expectations in May, although the growth may not be enough to ease concerns over sluggish household spending.
Economy

China retail sales beat expectations as industrial output loses some steam

Property downtrend continues as easing measures show little impact so far

17 June 2024
Australian Prime Minister Anthony Albanese, left, and Chinese Premier Li Qiang shake hands in Canberra on June 17. Both men welcomed improved relations between their countries.
International relations

Chinese Premier Li Qiang says ties with Australia are back on track

Meeting with Prime Minister Albanese in Canberra comes as economic ties warm

17 June 2024
Hong Kong is pulling out all the stops to make itself a destination for tech companies, from direct investments to courting international contestants for a startup "elevator pitch" competition held at the city's International Financial Centre, at right. (Photo by Kenji Kawase)
Technology

Hong Kong's AI bet through Temasek-style fund signals strategic shift

City steps up comprehensive effort to transform into tech hub in tense times

17 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
The surging price of octopus has dealt a blow to sellers of takoyaki octopus dumplings in Japan. (Photo by Toshiki Sasazu)
Inflation

Japan's inflation makes octopus costlier than wagyu beef

Higher food prices squeeze consumers and businesses alike

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
Japan's local governments promoted development on low-lying land in the 2000s despite flood risks.
Datawatch

Japan's flood damage exacerbated by urban development

Water-related losses up by 3.5 times in 30 years as more businesses move to lowlands

16 June 2024
A solar panel production line in Hefei, China.
Economy

China's economy is stabilizing, not slowing: Roland Berger chief

Denis Depoux sees trade with Global South propping up world's second-largest economy

16 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
BOJ Governor Kazuo Ueda has left open the possibility of the BOJ choosing a rate increase and a balance sheet reduction at the same time in July. (Photo by Akitoshi Sugiura)
Bank of Japan

BOJ leaves open possibility of rate hike, bond buy reductions in July

Governor Ueda expects "sizable" reductions in bond purchases

14 June 2024
The yen dropped to its lowest point since April 29, the day the government and the central bank likely intervened to prop up the currency for the first time in a year and half. (Photo by Yuji Murakami)
Currencies

Yen weakens as BOJ gives no details on JGB purchase cut

Japanese currency falls to level not seen since late-April intervention

14 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 dealing room at KEB Hana Bank's headquarters in Seoul on May 30.
Equities

South Korea extends short-selling ban to March 2025

Financial regulator plans to develop an electronic system to prevent illegal trades

13 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
Chinese EV models are likely to remain cost-competitive in Europe even with additional tariffs imposed on them.
Automobiles

EV tariffs expected to slow but not halt China's drive into European market

EU move against 'unfair' state support could spur BYD and others to localize production

13 June 2024
Kazakh President Kassym-Jomart Tokayev, left, and South Korean President Yoon Suk Yeol inspect an honor guard during a welcome ceremony in Astana on June 12. Yoon is on a three-nation visit to Central Asia.
International relations

South Korea's Yoon seeks deals in Central Asian resource push

Visit to Kazakhstan and other countries aimed at mineral access, less reliance on China

13 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
Big consulting firms like PwC have come under fire in Australia after a scandal in which PwC was found to have used confidential information from the government for commercial gain.
Economy

Australian senate urges stricter rules for 'Big 4' consultancies

Report calls for tighter oversight of government contracts following scandal

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