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April 4th, 2019

Coming to a boardroom near you

Activist investors are taking aim at Asia Inc.’s complacent companies

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The Big Story

Activist funds take aim at Asia Inc's complacent boardrooms

Rising number of Asian companies under pressure over governance

International activist funds have stepped up the pace in Asia, with a new set of homegrown players close behind. From left: Elliott Management's Paul Singer, Oasis Management's Seth Fischer and ValueAct Capital's Jeffrey Ubben (Source photos by Reuters and Getty Images)
People walk through the Shanghai Stock Exchange. "At the end of the day, we follow the arrangements of the big shareholder," said newly appointed China Mobile Chairman Yang Jie.
The Big Story

Activist investors meet their match in China

Open attacks on Chinese corporate governance are rare from typically outspoken investors

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Company in focus

Rakuten's $2bn Lyft windfall reveals hidden ambitions

Japan's e-commerce pioneer quietly builds portfolio of tech investments as online mall share falters

Chinese automaker BYD cited the withdrawal of government sales incentives as a factor in its 31% profit decline for 2018. (Photo by Takashi Kawakami)
Electric cars in China

China's green-vehicle makers feel the blues as subsidies ebb

BYD's profit drops as automakers bleed cash to keep prices low amid rising sales

 The Hong Kong airline said Sino-American trade tensions were partly responsible for a downturn in its cargo business.(Photo by Shinya Sawai)
Business deals

Cathay Pacific eyes new growth with budget airline takeover

AirAsia chief predicts acquisition will bring 'family problems'

Huawei Technologies' 5G business is feeling the pressure of the American campaign to keep its products out of allied countries' networks.
Business trends

US fight dethrones Huawei as top mobile equipment provider

Ericsson regains crown with Chinese company hit by calls for ban and trade war

A spectrum auction for 5G services in Germany. Network equipment helped cushion the blow of slowing iPhone sales on Taiwanese assembler Foxconn.
Companies

Foxconn earnings beat market estimates on booming 5G demand

Network and computing equipment offsets slowing iPhone sales

Oyo officially launched Oyo Life, an apartment rental service, in Japan on March 28. (Photo by Ken Kobayashi)
Startups

Indian hotel unicorn Oyo says surpassing Marriott only the start

Tech startup kicks off global expansion of room rentals in Tokyo

India's education system emphasizes science and technical expertise, producing many tech-savvy engineers. (Photo by Takaki Kashiwabara)
Business trends

India's big companies increasingly look to startups for fresh ideas

Maruti Suzuki and P&G India launch programs to work with new companies

Top Glove, will continue to heavily adopt automation, including deployment of vision camera system for online detection and removal of defective gloves.
Nikkei Markets

Top Glove slashing Aspion jobs to combat costlier inputs

Adopting automation to cut labor cost, adjusting selling price to boost earnings

Hong Kong tycoon Li Ka-shing, right, listens to his son Victor Li at a news conference in March 2018.
Companies

CK Hutchison profit climbs steadily in post-Li Ka-shing era

Hong Kong group remains on risk diversification track under son's watch

(Courtesy of VinSmart)
Companies

Vietnam's VinSmart enters global smartphone fray with Europe debut

Plan to take on giants like Samsung and crack the top 5 brands faces skepticism

South Korean schools are advising students to wear masks when they go outdoors. On March 5, when this picture was taken, the country's average pollution reading hit three times the recommended level.
Asia Insight

'Killer dust' pollutes South Korea's relations with China

Beijing rebuffs Moon's attempt to share blame for deteriorating air

A woman sorts plastic bottles at a recycling center in Huaibei, China.
Environment

Waste plastic exports squeezed by Chinese ban

Exporting nations caught without the capacity to recycle their scrap

Philippine President Rodrigo Duterte remains a popular figure in the country with a high approval rating, which he hopes to lend to his allies in the midterm elections in May.
Politics

Duterte's critics target China relations ahead of midterm elections

Philippine president put on defensive over 'debt trap' claims and other policies

U.S. President Donald Trump and North Korean leader Kim Jong Un meet in Hanoi on Feb. 28, before ending their summit early without a deal.
N Korea at crossroads

North Korea's Kim mulls next move under cloud of 'disappointment'

Failed summit with Trump puts Pyongyang's whole strategy in jeopardy

Thai Prime Minister Prayuth Chan-ocha, right, is close to returning to power, but as things stand now an anti-junta coalition will have the power to stymie his legislative priorities. (Photo by Kosaku Mimura)
Thai election

Thailand's next legislature at risk of political deadlock

Lower house's anti-junta majority can stymie pro-junta government

Chief Cabinet Secretary Yoshihide Suga unveils the new era name in Tokyo on Monday. (Photo by Uichiro Kasai)
Japan's Reiwa era

Japan unveils dawn of the 'Reiwa' era

New period name is the first to be taken from Japanese literature

Students at a Japanese elementary school program a spherical robot's movements. (Photo by Shihoko Nakaoka)
Economy

Coding will be mandatory in Japan's primary schools from 2020

Tokyo aims to plug IT worker shortage and catch up to other countries

The current conservative government of Australia shares Japan's commitment to the Quad.
Opinion

The Convenient Rewriting of the History of the 'Quad'

In responding to China's rise, we should remember our experience of a decade ago

Jokowi has been reluctant to tackle the vested interests in the bureaucracy. 
Opinion

Indonesia must seize trade war opportunity

Jakarta needs export-boosting policies to draw global manufacturers diversifying away from China

Italy and China will be acting together in some areas of common interest.
Opinion

China's Italian advance threatens EU unity

Trieste port plans could change north-south economic balance

Akira Kiyota, CEO of JPX, and executives from other bourses at a March 28 press conference announcing their agreement to create a one-stop marketplace (Photo by Kei Higuchi)
The Nikkei View

Japan is a step closer to its all-in-one bourse dream

Time to fast-track efforts to create a globally competitive exchange

Arashi's announcement that they is taking a break after 2020 shocked fans in Asia. It may give entertainers from South Korea and China a chance to fill the void. (Photo courtesy of Johnny & Associates)
Media & Entertainment

Watch out, J-pop and K-pop stars, here comes China

Backed by internet powerhouses, a new wave of idols is set to break

Shouya Grigg, the British creator of the Somoza art-commercial complex (Photo by Akiyoshi Inoue)
Life

Niseko and the art of change

Local and foreign creatives make their mark on Hokkaido's famous ski resort

The train at Taunggyi, waiting to depart for Saikkhaung  (Photo by Lindsay Stubbs)
Tea Leaves

In rural Myanmar, rail lines founder while military spends

Aging Shan State trains are local lifelines but starved of public funds