alt

January 24th, 2019

Can Karachi rise again?

Amid a steep fall in violence, some see hope for the city -- and Pakistan

View all editions

The Big Story

Can a revival in Karachi spark change in Pakistan?

Violence is declining sharply, but poor basic services plague businesses

Karachi, a city of up to 25 million people and Pakistan's economic center, is working to contain the violence that has driven away business from the country.
Police disperse a rally in downtown Karachi. The city has been plagued by violence and corruption, setting the scene for superintendent Omar Shahid Hamid's widely read crime novels.
The Big Story

Novelist's hard-boiled fiction reflects his life as a top Karachi cop

Omar Shahid Hamid has survived gunshots and life on a hit list

India is dotted with around 6 million neighborhood stores, known as "kirana." StoreKing is turning them into e-commerce hubs.
Startups in Asia

StoreKing lures Amazon by connecting the dots of rural India

Network of mom-and-pop shops brings e-commerce to up to 800m consumers

Jerry Yang, co-founder of Yahoo, warns of growing risks in the U.S.-China economic conflict while speaking at the Nikkei Forum on Jan. 17 in Singapore. (Photo by Ken Kobayashi) 
Trade war

Asia tech bosses fear a US-China cold war splitting global market

Beijing accuses Congress of 'hysteria' in latest chip trade dispute

Huawei founder and CEO Ren Zhengfei holds an interview at the Chinese company's Shenzhen headquarters. (Photo by Takashi Kawakami)
Interview

Huawei is no ZTE, and will counter US ban with own tech: CEO

Ren Zhengfei says daughter Meng Wanzhou will not be successor

Yahoo co-founder Jerry Yang speaks at the Nikkei Forum "Innovative Asia" in Singapore on Jan. 17. (Photo by Kosaku Mimura)
Startups

Jerry Yang's latest tech interests: Space exploration and longevity

Yahoo co-founder's fund sees Southeast Asian logistics a promising area for startups

© Nikkei illustration
Sharing Economy

Ride-hailers Grab and Go-Jek wage first full-on war in 2019

Two of Southeast Asia's top startups are finally fighting for the same turf

Foxconn workers head for buses to the iPhone factory in Zhengzhou, China, where nearly half of Apple's handsets are made.
Business trends

Foxconn axes 50,000 seasonal jobs as Apple slowdown bites

Tech supply chain braces for tough 2019 with early cutbacks

Korean Air Lines Chairman Cho Yang-ho arrives at a court in Seoul in July last year.
Companies

Korean Air's Cho family faces call for outside managers at chaebol

Activist fund pushes for asset sales and debt reduction at Hanjin

Guangzhou Automobile Group exhibited the Trumpchi GS7 at the Shanghai International Automobile Industry Exhibition in 2017.  (Photo by Akira Kodaka)
Companies

Guangzhou Automobile to delay entry into US market

Chief of Chinese automaker feels the impact of current trade spat

Nanya Technology, Taiwan's biggest memory chip manufacturer, is bracing for a difficult 2019.
Trade war

Memory chipmaker Nanya slashes capex to offset trade war damage

Taiwan DRAM manufacturer blames weak smartphone and server demand

Zee Entertainment Enterprises is  backed by billionaire Subhash Chandra (left).Picture taken in 2011
Companies

Zee Entertainment profit beats expectations as subscription, ads jump

The company's video-on-demand service sees 36% increase

© Illustration by Eric Chow
Asia Insight

Real estate slowdown shakes Asia's economic foundations

Weak markets spell trouble for investors, consumers and retailers

A Thai farmer carries rice stems in Nakohn Ratchasima, 200 km northeast of Bangkok. Thailand was the world's biggest rice exporter for decades but is now suffering from falling output and deteriorating quality.
Economy

Asia's rice exporters trigger a price war

Thailand likely to lose further ground in global market to India and Vietnam

Japanese women wearing kimonos take a 'selfie' after their Coming of Age Day celebration ceremony at an amusement park in Tokyo. 
Economy

Japan's optimistic millennials shed frugal habits and lift spending

Labor crunch and Abenomics change image of Asia's formerly-thriftiest cohort

Prime Minister Prayuth Chan-ocha, seen speaking in Chiang Mai on Jan. 14, remains interested in politics but has yet to reveal which party he will stand for. (Photo by Kosaku Mimura)
Turbulent Thailand

Thai PM Prayuth seen gaining in Thaksin territory ahead of poll

Populism back in vogue as 2014 coup leader woos rural vote with generous handouts

Millions of Asians, many working in small family businesses, remain in informal employment, despite the region's world-beating growth. 
Economy

Asian countries seek to pull millions out of informal economy

Steps to formalize employment include cutting red-tape and easing credit access

Japan's Prime Minister Shinzo Abe speaks at the TPP-11 meeting in Tokyo on Jan. 19. (Photo by Kaisuke Ota)
Economy

TPP-11 opens doors to new members

Japan eager to expand trade pact even though not all signatories have ratified

A train passes through downtown Hanoi. Traveling by rail from the Vietnamese capital to Ho Chi Minh City in the south takes more than 30 hours.
Economy

Vietnam revives $58bn high-speed rail project despite cost hurdle

Hanoi seeks funding plan for north-south line serving economy and unity

ASEAN needs innovative thinking.
Opinion

ASEAN can ease US-China tensions

Bloc must deepen cooperation to counter dangers of growing super power rivalry

Pension system is an inter-generational issue. ((Imaginechina/AP) 
Opinion

Asia must navigate pensions crunch

Region unprepared to manage growing financial burdens of retirement

Masaaki Tanaka, president and CEO of the Japan Investment Corp., said it would be "impossible to rebuild a relationship of trust with the government." (Photo by Wataru Ito)
Opinion

Rethink METI's role in Japanese innovation

Forget about the government picking winners. Foster entrepreneurs

Slowing car sales are just one of many emerging signs that China’s economy is faltering.
The Nikkei View

Stable Chinese growth requires open markets

Bold reforms, not the usual stimulus steps, are key to harnessing the power of SMEs

Blue Bird President Noni Purnomo
Life

The sky's the limit

The CEO of Indonesia's iconic Blue Bird taxi company explains her 10 steps to success

The shop at Somès' headquarters in Sunagawa, Hokkaido 
Life

Taking the reins

How a small Hokkaido saddle maker came to make products fit for an emperor

Foreign tourists explore an old Dutch built Fort along the Southern coastal belt in Sri Lanka. (Photo by Rajpal Abeynayake)
Tea Leaves

Sri Lanka recovers its tourism mojo

Touted as a top global destination for 2019, challenges remain