Policy & Politics

Japanese tax reform

Government mulls fulfilling corporate tax pledge in three years

TOKYO -- The Japanese government and ruling parties are considering cutting effective corporate tax rates to below 30% in three years, ruling coalition sources said Saturday. The issue of effective corporate tax rates, which include both national...

  • All fuel removed from Fukushima Daiichi No. 4 unit pool

    TOKYO (Kyodo) -- The operator of the crippled Fukushima Daiichi nuclear power plant said Saturday it has finished removing all fuel rods from the spent fuel pool of the badly damaged No. 4 reactor building, a major step in decommissioning efforts. ...

  • Macao is under China's full jurisdiction, Xi says

    HONG KONG (Kyodo) -- Chinese President Xi Jinping stressed Saturday China's full jurisdictional control over the special administrative region of Macao as the former Portuguese enclave celebrates its 15th anniversary of return to Chinese rule. ...

  • Kamal Alam

    The Gulf Arab foundations of terror in Pakistan

    As Pakistan reels from yet another terrorist attack, this time on schoolchildren in Peshawar, the world is stunned and united in its pain at the loss of innocent women and children. The brutal tactics of the Taliban in Pakistan have been replicated b...

  • Politics in Thailand

    Junta proposing direct election of prime minister

    BANGKOK -- A council appointed by Thailand's military government is proposing direct elections to choose a civilian prime minister and cabinet members as part of far-reaching political reform. The unprecedented move is aimed at curbing money-driven p...

  • Blue House blues

    Park losing support amid scandals, economic slump

    SEOUL -- Rocked by scandals and hampered by her inability to turn the economy around, South Korean President Park Geun-hye -- who won election exactly two years ago -- is seeing her approval rating sink. Park's approval rating slipped 4 percenta...

  • Japanese tax reform

    Tokyo looking to pare down R&D credit

    TOKYO -- Japan's government and ruling coalition are discussing a proposal to shrink a tax credit for R&D spending, which could free up more than 40 billion yen ($334 million) for cutting the overall corporate tax rate. The proposal would lower t...

  • Hong Kong corruption

    High Court rules former top civil servant guilty of graft

    HONG KONG -- Rafael Hui Si-yan, Hong Kong's former chief secretary, was found guilty on Dec. 19 of accepting millions of dollars in bribes in a trial that has stunned this city of 7 million and seriously dented its reputation as a clean place to do b...

  • Leading Japan

    Will Abe's golden age last four more years?

    TOKYO -- Excitement electrified the Dec. 14 night air at Prime Minister Shinzo Abe's party headquarters in central Tokyo. The atmosphere was in stark contrast to the freezing weather that day as the city saw its first snowfall of the season. As L...

  • Third-time lucky?

    Development Bank of Japan's privatization to be delayed, again

    TOKYO -- The Japanese government has decided to maintain a majority interest in the Development Bank of Japan for the time being, pushing back plans for its privatization in order to keep funds flowing to smaller businesses and drive economic growth....

  • Macau's future

    City in somber mood on 15th anniversary of handover

    HONG KONG -- Chinese President Xi Jinping will be in Macau on Dec. 20 for the 15th anniversary of the territory's return to the motherland. There will be a red-carpet welcome and endless photo calls with local grandees. But quite a few of them probab...

  • After the massacre

    Pakistan prime minister puts up tough front against Taliban

    NEW DELHI -- Pakistani Prime Minister Nawaz Sharif on Wednesday stressed his resolve to go after terrorist groups in light of the Peshawar school attack by the Pakistani Taliban that killed more than 140 people. Sharif declared that there were no...

  • Japan's revival challenge

    Tokyo-based companies to get tax breaks for relocating

    TOKYO -- Japan plans to offer tax breaks to businesses that move their headquarters out of the capital, aiming to create jobs in areas outside the big cities. Tokyo rakes in disproportionately large tax revenue compared with other prefectures. Th...

  • Farewell 'Dear Leader'

    Third anniversary of Kim Jong Il's death brings fresh start for North Korea

    SEOUL -- North Korea commemorated the third anniversary of former leader Kim Jong Il's death on Wednesday, which marked the end of the national mourning period and a new beginning for current leader Kim Jong Un. A memorial ceremony was held in fr...

  • Brahma Chellaney

    Asia on the natural disaster front line

    No continent is more vulnerable to natural disasters than Asia, the world's largest and most populous region. It has the dubious distinction of being home to some of the world's leading natural disaster-related hot spots. One fact confirms Asia's...

  • Terrorist slaughter sparks outrage

    UN chief condemns attack on Pakistani school

    UNITED NATIONS -- U.N. Secretary-General Ban Ki-moon had strong words of condemnation for a Taliban attack that left over 130 dead at a Pakistani school, most of them children. "It is an act of horror and rank cowardice to attack defenseless chil...

  • Terrorists without borders

    Have hundreds of China's Uighurs joined Islamic State?

    BEIJING -- Thwarting terrorists is a constant preoccupation of China's leaders, who sit atop a nation of numerous ethnic minorities, some more restive than others. A recent news report suggests a troubling link between Uighur separatists and Islamic ...

  • Pakistani school attack

    Taliban gunmen kill more than 140

    NEW DELHI -- Taliban militants in Pakistan claimed responsibility for an attack on a military-run school in Peshawar that killed at least 141 people, mostly students, in one of the worst terrorist massacres the country has seen in recent years. A...

  • Japanese tax overhaul

    Companies to get tax break if they raise pay 3%

    TOKYO -- In hopes of spurring pay hikes, Japan is leaning toward reducing the tax burden on businesses that increase wages by 3% or more as part of a corporate taxation overhaul next fiscal year. To finance the cut in the effective corporate tax ...

  • Sydney hostage tragedy

    Gunman turned on country that gave him asylum

    SYDNEY -- Police are growing convinced that a hostage crisis that ended in deadly gunfire Tuesday was the work of an isolated Iranian refugee -- the type of lone wolf attack that can defy authorities' best efforts at prevention. The apparent perp...