A liquefied natural gas production site in the United Arab Emierates: Japan's Mitsui & Co., along with a state-owned Emirati company and European producers will develop a new LNG project in the UAE.
Energy

Mitsui & Co. set to take part in $7bn LNG project in UAE

New gas field expected to produce 10 million tonnes annually

23 April 2024
Lawrence Wong, the 51-year-old deputy prime minister of Singapore, will succeed Prime Minister Lee Hsien Loong on May 15. (Nikkei montage/Source photos by Ken Kobayashi, Mayumi Tsumita and Reuters)
Asia Insight

Lawrence Wong, Singapore's next PM, seeks growth in 'troubled world'

From falling births to regional hub race, challenges will mount after May handover

23 April 2024
The yuan's weakness against the dollar has made it harder for the People's Bank of China to cut interest rates.
Economy

China's weak yuan forces central bank to hold rates steady

PBOC walks narrow path on stimulus as economy sends mixed signals

23 April 2024
Pakistan needs to repay $75 billion in debt over the next three years, according to Lahore-based capital markets expert Abdul Rehman.
Economy

Pakistan bargains hard for larger IMF deal of up to $8bn

Struggling country must reform economy to survive, even after approval

22 April 2024
A Woolworth's in central Sydney. (Photo by Shaun Turton)
Retail

Australia takes aim at the dominance of two big supermarkets

Top chains Woolworths and Coles face scrutiny as prices rise

22 April 2024
Tangxia town in Dongguan, Guangdong province, China, flooded after heavy rainfall in September 2023.
Natural disasters

River flooding expected in China's Guangdong, threatening millions

Water levels hit peak that only happen once in 50 years: Local media

21 April 2024
Asiana Airlines plans to increase seats on flights serving Japan in May. (Photo by Konosuke Urata)
Travel & Leisure

Japan-South Korea travelers help Incheon air traffic hit pre-COVID levels

Asiana and Korean Air boost service to Japan as foreign visitors surge

21 April 2024
A Filipino soldier practices holding a weapon as part of annual US-Philippines joint military exercises held in April 2023.
Your Week in Asia

Philippine-U.S. drills, South Korea GDP, Beijing revives auto show

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

21 April 2024
Zafrul Aziz, Malaysia's minister of investment, trade and industry. (Photo by Hiroki Endo)
Semiconductors

Malaysian trade minister touts 'neutrality' to grow chip industry

Zafrul says 'earthquake-free' location also attractive for multinationals

21 April 2024
Australian Prime Minister Anthony Albanese, fourth from left, poses for a photo with ASEAN leaders at the ASEAN-Australia Special Summit in Melbourne on March 5. 
Comment

Australia shifts focus from ASEAN to individual Southeast Asian nations

Move reflects new international political and economic realities

21 April 2024
A New Delhi auto show in February. India already surpassed Japan in domestic car sales in 2022. (Photo by Ryosuke Hanada)
Economy

India to surpass Japan as 4th-largest economy in 2025, IMF says

Latest estimate shows weak yen hastening reversal by a year

21 April 2024
Sri Lankan capital Colombo. The nation has failed to strike an agreement with international bondholders on restructuring about $12 billion in debt.
Sri Lanka crisis

Uncertainty looms over Sri Lanka as debt restructuring talks hit snag

Upcoming presidential election ramps up pressure to accelerate negotiations

20 April 2024
Major Japanese banks are competing for a slice of inherited savings worth nearly 60 trillion yen that are expected to flow out of regional lenders over the next 30 years.
Datawatch

Japan's big cities become magnets for inherited rural savings

Trend leaves key regional 'shinkin' lenders in tight spot

20 April 2024
Foreign direct investment in China continues to decline even as the government seeks to reassure and court global companies.
Economy

China's foreign investment inflows fall 26.1% despite 'openness' vows

Officials downplay Q1 year-on-year decline as government woos investors

20 April 2024
Dollar strength has become a monetary policy headache for Japan and other Asian economies.
Currencies

Squeezed by strong dollar, BOJ watches yen ahead of policy meeting

Ueda signals possibility of action if impact on inflation becomes too big to ignore

20 April 2024
Tokyo stocks lost 3.4% at one point in morning trading on April 19 as other Asian bourses also declined.
Markets

Asian stocks fall as concern over Middle East spurs selling

Nikkei and KOSPI down by 3%; yen strengthens, other currencies weaken

19 April 2024
Higher costs for raw materials are a major factor in Japan's sharper inflation in recent months, which remains above the Bank of Japan's 2% target. (Photo by Yutaka Miyaguchi)
Inflation

Japan's March inflation slows; BOJ cautions on yen weakness

Central bank chief hints at rate hike to contain inflation caused by weak yen

19 April 2024
People gather at a restaurant in Hanoi: Euromonitor estimated deliveries at 8% of Asia's food service market in 2018, rising to 21% in 2023. 
Food & Beverage

Southeast Asia restaurants lose out as COVID delivery habit persists

Apps like Grab, Shopee gain users who no longer eat out, data shows

19 April 2024
Finance Minister Sri Mulyani Indrawati's drive against corruption and her measures to improve state finances have had positive effects across Indonesia. (Pool via Reuters)
Opinion

Indonesia's next finance minister will have big shoes to fill

Prabowo's spending plans would put fiscal targets at risk

19 April 2024
Holiday revelers in Mumbai. India is forecast to grow at 6.8% this year -- the fastest pace of any major economy.
Economy

Asia to drive 60% of global GDP growth in 2024, led by India: IMF

U.S. monetary policy and geoeconomic fragmentation pose external risks

19 April 2024
Japanese Prime Minister Fumio Kishida has focused more on diplomacy with the Global South since the 2023 Group of Seven summit in Hiroshima. (Pool via Reuters)
International relations

Japan's Kishida to visit Brazil, Paraguay in overture to Global South

PM focused on building economic ties to counter Chinese and Russian influence

19 April 2024
A laborer works at a Shandong Iron & Steel Group plant in Jinan, in China's Shandong province: China's steel production far outstrips that of producers elsewhere.
Materials

China steelmakers show overcapacity strain as U.S. battens import hatches

Worsening earnings push manufacturers to seek new export markets

18 April 2024
Sojitz has signed a $290 million contract with Jakarta Mass Rapid Transit to extend the Indonesian capital's subway system. (Photo by Ken Kobayashi)
Transportation

Indonesia awards Jakarta MRT extension project to Japan's Sojitz

Trading house to work with India's L&T on the $290m construction

18 April 2024
The Shanghai factory of Germany's Voith: Manufacturing skill development has not received much attention in China.
Opinion

Chinese workers need more skills for the country's economic pivot

Educational institutions to play key role with 'new quality productive forces'

18 April 2024
U.S. President Joe Biden delivers remarks at United Steel Workers headquarters in Pittsburgh, Pennsylvania.
Trade

Biden calls for tripling tariffs on Chinese steel

At United Steelworkers, president stresses that U.S. Steel should remain American

18 April 2024