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May 24th, 2018

Wards of the state

As Beijing reasserts its grip on business, problems mount at China’s state-backed companies

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The Big Story

How China's state-backed companies fell behind

Efficiency plummets over 10 years, exclusive data show

How China's state-backed companies fell behind
Tencent's Pony Ma Huateng has responded positively to the Communist Party's call for tech companies to list at home.
The Big Story

In China, private companies walk a fine line

Being part of the political machine means taking policy calls seriously

From left, Li Ka-shing, his son Victor Li and right-hand man Canning Fok. The question now is what to expect after the elder Li has stepped down as chairman of his two flagship companies.
Company in focus

Inheriting Li Ka-shing's empire: The two men to watch

Hong Kong tycoon's retirement leaves void at CK Hutchison

William Li, the founder and chairman of NIO, introduced its new electric sport utility vehicle at Auto China 2018 in Beijing. (Photo by Akihide Anzai)
Startups in Asia

China's 'four dragons' drive hopes for electric car industry

Startups keen to absorb foreign talent and technology to establish brand power

Indian generic drug company Lupin, which runs this plant in the state of Goa, has been shopping abroad.
Companies

Asian drugmakers hunt Western rivals after Takeda

Indian and Chinese generics producers push into global M&A game

A small SUV that Tata Motors released in 2017 is a hot item among Indian drivers.
Asia300

Beer and cars fuel optimism for Asian corporate profits

Increased consumer spending puts Nikkei Asia300 companies on track for another record year

A screen shows the Korea Composite Stock Price Index at the foreign exchange dealing room in Seoul, South Korea.
Companies

South Korea Inc. Q1 profit jumps 10%, thanks to Samsung

Outlook solid despite growing North Korean uncertainty, for now

Toshiba aims to sell its chip memory operations to a team led by Bain Capital by June 1.
Companies

Toshiba enters new chapter with sale of memory unit

The conglomerate now needs a growth driver to replace its mainstay

Mochtar Riady, founder and chairman of Lippo Group, speaks during the Nikkei A300 forum in Tokyo on May 21. (Photo by Kohnosuke Urata)
Business trends

Indonesian property tycoon eyes blockchain in digital push

Lippo Group founder sees "no merits" in U.S.-China trade battle

The iPhone X slump poses challenges for its sole assembler Foxconn and its chairman Terry Gou. (Photo by Nozomu Ogawa)
Companies

Foxconn's profit shrinks 14.5% on weak iPhone X sales

Assembler plans measures to boost returns ahead of China unit IPO

Hindustan Unilever has offered to pay an estimated 1.24 billion rupees to the government's consumer protection fund and has parked that amount as a liability on its balance sheet as on March 31.
Companies

Hindustan Unilever quarterly profit jumps 14% on surging home-care business

Price reduction due to GST rate cut also helped spur demand

Masked Korean Air Lines workers demand Chairman Cho Yang-ho's resignation with claims of "gabjil" -- a term for abuses by those in positions of power.
Asia300

Korean Air tiptoes around scandals during mixed earnings report

Chairman and father of 'nut rage' heiress under investigation for tax evasion

Stream article image
Asia Insight

Asia's war on 'fake news' raises real fears for free speech

Governments walk fine line between fighting rumors and stifling dissent

Malaysia's newly elected Prime Minister Mahathir Mohamad attends a news conference.
Malaysia in transition

Mahathir faces new challenges in second stint as prime minister

Fiscal discipline and inexperienced cabinet are issues confronting Malaysian leader

Former Prime Minister Najib Razak arrives on May 22 at the Malaysian Anti-Corruption Commission headquarters in Putrajaya for questioning over his role in the 1MDB state fund.
Malaysia in transition

Najib questioned for 4 hours over 1MDB

Malaysia anti-graft chief says 'one or two more witnesses' needed for case

Bank Indonesia wants to shore up the rupiah to prevent living costs from rising in the run-up to elections. (Photo by Ken Kobayashi)
Economy

Indonesia raises interest rate for 1st time since 2014

Central bank's decision follows that of other Asian nations amid rupiah's slide

From left, rising Thai political stars Thanathorn Juangroongruangkit, Varawut Silpa-archa and Parit Wacharasindhu (Photos by Hiroshi Kotani and Koji Nozawa)
Politics

Thailand's 'young bloods' vow to break old political cycle

Aspiring leaders are on the march as junta marks fourth anniversary

Ground staff at Taipei Songshan Airport wave to a China Airlines plane as it prepares to take off for Shanghai.
International relations

With economic allure fading, Taiwan keeps its distance from China

Cross-strait competition dampens investment as President Tsai enters third year

Construction material for a subway in the Inner Mongolia Autonomous Region city of Baotou. Growth here is some of China's lowest due to weaker infrastructure spending.(Photo by Yusho Cho)
Economy

China curbs infrastructure spending as local debt climbs

Slowdown exacerbates the plight of depressed regions

The proposed immigration framework could have a profound effect on Asian communities in the U.S.
Datawatch

How Trump's immigration plan would affect Asians -- in charts

The way people arrive influences poverty levels once settled in the US

Chinese Premier Li Keqiang, Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in in Tokyo on May 9
Opinion

Asia needs its own Group of Seven

Despite deep differences, Abe, Xi and Moon can lead the way

Malaysia's election is a lesson that creeping corruption under entrenched regimes will alienate the electorate regardless of economic performance. (Photo by Takaki Kashiwabara)
Opinion

Malaysia's chilling warning for Asia's one-party regimes

Democracy suddenly re-emerges in a bastion of authoritarian rule

U.S. President Donald Trump's trade threats and promises are proving more credible than Chinese market opening pledges.
Opinion

Trump right to focus on the US-China deficit

The tactic is bad economics but good politics, forcing Beijing to meet verifiable targets

Japan and other governments must help ensure that China and the U.S. do not take actions that could damage the global economy.
Opinion

Dialogue can prevent a disastrous US-China trade war

Rash, tit-for-tat retaliations will only destabilize the global economy

Khun Sreynich, a contemporary dance artist from Cambodia, demonstrates a traditional <i>chib</i> hand gesture with another performer. (Photo by Nathan A. Thompson)
Arts

Cambodia's first contemporary dance company pushes boundaries

Modern dancers dispel doubts as art forms diverge from country's traditions

Hiroshi Sugimoto at the Enoura Observatory: Childhood memories of a similar view of the Pacific Ocean drew him to this spot.
Arts

Enoura museum reflects artist's 'unplanned' life

Japanese photographer pays tribute to memory and passage of time