With Malaysian equities leading the way, the rally in Southeast Asian stocks has been underpinned by expectations of a September rate cut by the U.S. Federal Reserve.
Markets

Investors turn to ASEAN markets as inflation's grip loosens

Weakening dollar provides tailwind to region's high-growth economies

26 August 2024
A drone view shows houses damaged following flashfloods in Rua village, Ternate, North Maluku province, Indonesia on Aug. 25. (Antara Foto/Andri Saputra/via Reuters)
Natural disasters

Floods in Indonesia's North Maluku kill 13, two injured

Disaster management agency warns heavy rain may continue in next few days

25 August 2024
An aerial view shows trees and houses in the aftermath of floods, in Phrae Province, Thailand, Aug. 24. (Thailand's Department of Royal Rainmaking and Agricultural Aviation/Handout via Reuters)
Natural disasters

Mudslide in Thailand's Phuket kills 9 migrant workers from Myanmar

Disaster near tourist destination Big Buddha also kills 2 Russians and 2 Thais

25 August 2024
Indonesian and American soldiers will take part in Super Garuda Shield joint training exercises in Java and Sumatra this week. 
Your Week in Asia

Indonesia-U.S. maneuvers, BHP earnings, Indian economy data

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

25 August 2024
Female workers in Bangladesh's garment factories face numerous pressures and hurdles.
Society

Bangladeshi women in garment industry held back by knowledge gap

'Magic bullet' of education seen as key to opening up managerial opportunities

25 August 2024
Frequent disasters encourage Southeast Asians to prepare. A man drives a motorbike in a flooded street after heavy rains in Hanoi, Vietnam, in September 2023.
Natural disasters

Philippines, Vietnam, Thailand and Cambodia top global disaster-readiness poll

Alerts, household planning build resilience as volatility rises, Gallup says

25 August 2024
The Philippine central bank has approved four new licenses for digital bank operators as more Filipinos go cashless.
Finance

Philippines eases digital bank cap as industry fights for profits

Central bank offers 4 new licenses, but experts see credit risk 'challenge'

25 August 2024
A Nvidia display at Computex in Taipei. Nvidia is developing an AI R&D center in Taiwan's capital that will employ 1,000 engineers. 
Opinion

The smart money quietly bets billions on Taiwan remaining at peace

AI titans and other foreign investors sink $25bn into Taiwan despite cross-strait tensions

25 August 2024
Seafood at a market in Shanghai in August 2023. (Photo by Tomoko Wakasugi)
Trade

China has turned to South America since banning Japan seafood a year ago

Beijing adopted policy in response to release of wastewater from Fukushima plant

25 August 2024
University students today prefer to buy experiences such as concerts over tangible goods like cars and brand-name goods.
Datawatch

Japan university student spending nears bubble-era peak

Higher part-time job wages spur buying of experiences rather than goods

24 August 2024
Wagyu prices are slumping due mainly to feeble demand, but are still high for most consumers. (Photo by Hisashi Tsusui)
Agriculture

Wagyu beef's wholesale price falls to 4-year low as consumption slows

Exports to Asia, Europe and U.S. boom as farmers seek stable demand

24 August 2024
"It is definitely time that we begin a process, a methodical process, of bringing rates down," Harker said. (Photo by Yuta Saito)
Interview

Fed's Harker sees possible '2 to 3' rate cuts ahead this year

Philadelphia bank chief open to faster pace of easing than in June outlook based on current data

24 August 2024
Fed Chair Jerome Powell is speaking at the Jackson Lake Lodge in Wyoming's Grand Teton National Park to a gathering of global central bankers and economists.
Economy

Fed's Powell says 'time has come' for U.S. to cut interest rates

Jackson Hole remarks as close as he is likely to come to declaring victory over inflation

24 August 2024
Participants in Japan's technical intern training program for foreign workers earned 26% less than Japanese nationals. (Photo by Rie Ishii)
Japan immigration

Foreign workers in Japan face 28% wage gap: government paper

Less experience and lack of flexibility to change jobs seen weighing on pay

24 August 2024
New Gwadar International Airport, set to be Pakistan's largest air hub by size, was built with a $246 million grant from China. (Screenshot from New Gwadar International Airport's Facebook page) 
Transportation

Pakistan delays China-funded airport opening over security fears

Critics say $246m 'vanity' project risks turning into a white elephant

23 August 2024
The market is keeping close tabs on Bank of Japan Gov. Kazuo Ueda's remarks. (Photo by Uichiro Kasai)
Bank of Japan

BOJ Gov. Ueda restates stance on policy normalization after market rout

Central banker scrutinized at parliamentary hearing on market messaging

23 August 2024
A temporary end of government subsidies for electricity and gas have pushed inflation higher. (Photo by Konosuke Urata) 
Inflation

Japan's inflation accelerates for third consecutive month in July

Core CPI gains 2.7% on temporary end of electricity and gas subsidies

23 August 2024
Demand for machine tools has been strong in China and North America, but has sputtered in Europe and Japan. (Photo by Takuro Hosoda)
Business trends

Japan machine tool orders rise in July on Chinese demand

Exports buoyed by Beijing's subsidies, offsetting weak home market

23 August 2024
Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia, in June 2023. Figures from the Middle East suggest Shanghai Petrochem now sources 10% of its crude from Russia.
Commodities

Shanghai Petrochem reveals more Russia oil buying as Li Qiang visits

Executive stresses 'price' is key; Chinese premier cements economic ties with Putin

22 August 2024
A Russian-owned oil tanker. An Indian refiner says the country's "requirement for Russian oil is going to go up as long as there are no further tightening of sanctions."
Trade

India surpasses China to become Russia's top oil buyer in July

Russian crude makes up a record 44% of India's overall imports

22 August 2024
A real estate property developed by Kaisa Group Holdings in Beijing. The company's losses continue to pile up.
China debt crunch

China developers' loss warnings exceed $8bn in past week alone

Kaisa reports more red ink; Sunac takes big blow despite Xi's 'bright prospects'

22 August 2024
Xi Jinping is determined not to be caught off guard by the policies of whoever wins the U.S. presidential election in November, Democrat Kamala Harris or Republican Donald Trump. (Nikkei montage/Source photos by Yusuke Hinata and Getty Images)
China up close

Analysis: U.S. election could dictate Xi Jinping's political schedule

Bitter lesson from 2016 Clinton-Trump race reverberates through Beijing

22 August 2024
The Fuqing Nuclear Power Plant in China's Fujian province. China has built 39 reactors over the past decade. (Fuqing Nuclear Power Plant)
Energy

China and Russia drive global nuclear power capacity to record high

With as many reactors as France, China is building more while pursuing new tech

22 August 2024
BYD cars are unloaded at a port in Germany: Chinese EVs will be subject to additional tariffs, on top of an existing 10% duty, once an anti-subsidy investigation is finalized on Oct. 30. 
Trade war

China probes dairy imports following EU's EV probe update

Tariffs on Chinese brands slightly adjusted in Europe's latest decision

21 August 2024