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October 25th, 2018

Southeast Asia’s tech hubs: Where the action is

How the region’s hottest startup scenes stack up

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The Big Story

Southeast Asian tech hubs race to become the next Silicon Valley

Investment and government initiatives ignite startups scenes from Singapore to Penang

Southeast Asian tech hubs race to become the next Silicon Valley
Oyo Hotels CEO Ritesh Agarwal. He founded the company in 2013 when he was 19 years old. Since then, it has become India's largest hotel chain. (Photo by Akira Kodaka)
Startups in Asia

India's Oyo aims to disrupt global hotel industry

Born entrepreneur brings high tech hospitality to budget business

TSMC, the world's biggest contract chipmaker, supplies advanced processors for iPhones.   © Courtesy of TSMC
Companies

Apple supplier TSMC cuts growth target again on trade worries

Cryptocurrency downturn adds to troubles for world's top chip foundry

Environmental concerns are a big driver of China's rising imports of natural gas, which burns more cleanly than coal.
Commodities

China on pace to become top natural gas importer in 2018

Asian fuel demand surges, driving scramble for new suppliers

Myanma Posts and Telecommunications, Myanmar's state-owned telecom carrier, faces intense competition from overseas companies as the mobile communications market grows.
Companies

Myanmar state telecom carrier seeks private-sector makeover

Strong growth potential expected as mobile demand continues to rise

MPT Books is a new e-book app from Myanmar's top mobile carrier. (Photo by Yuichi Nitta)
Companies

Myanmar's new e-book app cracks unopened market

Top telecom MPT sees opportunity in country's bookstore shortage

A man hangs a unification flag on the Grand Unification Bridge, near the demilitarized zone separating the two Koreas in Paju, South Korea.
N Korea at crossroads

South Korea investors snap up land near DMZ

Property values heat up on expectations for future development

Rice crackers are among the products whose prices Japanese manufacturers are raising. (Photo by Hideki Shinohara)
Business trends

Japanese consumers balk at 'stealth price hikes'

Shrinking product sizes while maintaining prices risks backlash from savvy shoppers

Hyflux's wastewater treatment and desalination plants keep the taps running in Singapore.
Business deals

Singapore water company Hyflux secures $380m Indonesia bailout

Conglomerates Salim and Medco gain 60% ownership of struggling supplier

Infosys is rebuilding its business after a turbulent patch through 2017 with the dramatic departure of its then Chief Executive Vishal Sikka.
Companies

Infosys quarterly profit beats expectations amid large deals

India's second-biggest software exporter sticks to growth forecast

Maxis has lost some 277,000 revenue-generating subscribers so far this year even as the average revenue per user rose 1.8% to 57 ringgit per month. 
Nikkei Markets

Maxis 3Q net profit falls 9% on year, pre-paid segment hurts

Warns of tough times ahead as competition intensifies, network sharing pact ends

© Illustration by Eric Chow
Asia Insight

Duterte inspires wave of worker activism in Philippines

Business groups say labor populism will force closures and scare investors

India's first high-speed railway, promoted here at an event in Mumbai in February, will run 508 km between the commercial capital and Ahmedabad.
Business trends

India considers partial opening of first high speed rail project

Developer concedes Modi's ambitious 2022 goal may be in jeopardy

A shortage of boarding gates and long lines are among signs of overcrowding at Jakarta's Soekarno-Hatta International Airport. (Photo by Keiichiro Asahara)
Economy

Jakarta plans $10bn waterfront airport as travel demand surges

Together with Soekarno-Hatta Airport, the two create region's biggest gateway

Tourists check in at Suvarnabhumi Airport in Bangkok. An influx of travelers from overseas has created severe overcrowding at the airport. (Photo by Keiichiro Asahara)
Economy

Bangkok airport capacity to be tripled as tourism booms

Suvarnabhumi Airport already handles 20 million more travelers than intended

Malaysian financier Low Taek Jho, also known as Jho Low, is thought to be hiding in China to avoid facing charges connected to Malaysia's 1MDB scandal.
Malaysia in transition

Chilly ties with China seen hindering Mahathir's hunt for Jho Low

Alleged 1MDB mastermind now a fugitive, still runs his business

Oxfam says that Singapore's low-tax regime has helped to create a huge gap between rich and poor but the government points to the fact that its policies have helped 90% of citizens own their homes. 
Economy

Singapore's inequality debate reignited after charity criticism

Government and public recognize rich-poor divide as growing threat to national cohesion

Containers are seen at the port of Auckland, New Zealand. The country is preparing to ratify the TPP in the coming weeks.
International relations

TPP-11 on track to take effect in mid-January

New Zealand, Australia, Vietnam and Canada to ratify trade pact this year

Friends in need? U.S. President Donald Trump, left, and Philippine President Rodrigo Duterte at the ASEAN Summit in Manila in November 2017.
Opinion

Duterte's quiet pivot

Concerned by China's rising naval assertiveness, the Philippines seeks cover with a resurgent U.S.

U.S. President Donald Trump, right, and Chinese President Xi Jinping are escalating their rivalry.
Opinion

Taking sides -- US or China

As Washington and Beijing expand trade conflict, Tokyo and other capitals must choose

SoftBank chief Masayoshi Son still has time to rework his investment.
Opinion

SoftBank's Son risks running short of good investments

Dull WeWork investment highlights dearth of shiny high tech targets

Chinese shoppers have seen prices go up since the trade battle erupted.
The Nikkei View

Open your markets, China, for everyone's sake

Restrictions in the world's No. 2 economy are both unfair and destabilizing

Kikukawa's factory crew (Photo by Kohei Take)
Life

Transforming buildings into icons

Japanese metalworker Kikukawa's precision skills wow star architects

Stream article image
Life

China's biggest booze-up brings out the bellies

X-Factor meets karaoke at Qingdao's beer festival

Shohrat Tursun, center, plays the dutar and Tayir Imen, left, plays the tambourine in the Sydney performance of a Uighur musicial epic. (Sydney Sacred Music Festival/Gerrie Mifsud)
Tea Leaves

How music and dance chart course between 'alienations'

Culture is both hope and solace for China's beleaguered Uighur diaspora