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  • European Central Bank

    Bond program lights up Asian bourses

    JAKARTA/MANILA -- Asian stock markets soared on Friday as the launch of a European Central Bank (ECB) bond-buying program prompted investors to move into risky assets. ECB President Mario Draghi rolled out the program on Thursday by announcing tha

    January 23, 2015 10:38 pm JST
  • The ECB effect

    Bond-buying program lifts Southeast Asian stocks to new heights

    JAKARTA -- Southeast Asian shares rose sharply Friday morning, with the European Central Bank's quantitative easing announcement making investors more inclined to take on risk. Indonesia's benchmark Jakarta Composite Index opened slightly higher

    January 23, 2015 01:00 pm JST
  • Nehru, Tang: Malaysia's big chance to help shape ASEAN's new era

    By the end of 2015, the ASEAN Economic Community is to be born -- and as the current chair of the Association of Southeast Asian Nations, Malaysia will be its presiding midwife. Using an elaborate scorecard, each of ASEAN's 10 members has been asked

    January 22, 2015 12:00 am JST
  • Pope tackles corruption, contraception in Asia's Catholic heartland

    MANILA -- Pope Francis wrapped up his second Asian visit with two of the most distinctive Masses of his two-year papacy. On the stormy morning of Jan. 17, the pope -- robes covered by a plastic raincoat -- celebrated the Holy Eucharist with tens of

    January 22, 2015 12:00 am JST
  • Vatican head visits new 'frontier'

    BANGKOK -- Pope Francis, the leader of the world's 1.2 billion Catholics, hoped to put his stamp on Asia during his recent six-day visit to Sri Lanka and the Philippines. Of Asia's 140 million Catholics, an estimated 73 million are Filipino. Eas

    January 22, 2015 12:00 am JST
  • Life below $50

    The recent plunge in the price of crude oil to below $50 a barrel is testing the resilience of Asian economies. Many currencies in the region are sagging against the dollar, and stock indexes are suffering as well. Amid the dramatic changes in marke

    January 22, 2015 12:00 am JST
  • Stephen Grenville: Low oil prices provide a fleeting chance for reform

    If the global price of oil had jumped by 50%, there is little doubt that economic commentators would be calling it a disaster for world growth. The price has in fact fallen by more than 50% since last June, but this ray of good news has not yet pier

    January 22, 2015 12:00 am JST
  • Cebu Pacific's troubles

    CEO apologizes for delays during Christmas

    MANILA -- The CEO of embattled budget carrier Cebu Pacific on Wednesday apologized for an unusually high number of delayed and cancelled flights during the holidays. "I am humbled by the trust that so many Filipinos and foreign tourists placed i

    January 21, 2015 05:36 pm JST
  • Shaky domestic outlook

    Japanese cement makers building future in Asia-Pacific

    TOKYO -- Facing the inevitable contraction of their home market down the road, Japanese cement makers are turning their attention to the Asia-Pacific region. Taiheiyo Cement will invest an estimated 2 billion yen ($16.8 million) to add a facilit

    January 21, 2015 12:39 am JST
  • Executive women in Asia

    Philippines leads the region with its women in management

    SINGAPORE -- The Philippines is leading Asia with its high percentage of women in management positions, according to a recent report by the International Labor Organization. A ranking complied by the ILO shows the Philippines to be the only Asian co

    January 19, 2015 07:30 pm JST
  • Philippine papal visit

    Pope tackles corruption, contraception in Asia's Catholic heartland

    MANILA -- Pope Francis wrapped up his second Asian visit with two of the most distinctive Masses of his two-year papacy. On the stormy morning of Jan. 17, the pope -- robes covered by a plastic raincoat -- celebrated the Holy Eucharist with tens of

    January 19, 2015 07:00 pm JST
  • China's rising global influence

    Japan in a pickle over Beijing-led AIIB

    TOKYO -- Japan will soon have to make up its mind about joining China's efforts to get the Asian Infrastructure Investment Bank up and running. "Why is there no plan to set up a board?" a high ranking official of Japan's Ministry of Finance aske

    January 19, 2015 07:00 pm JST
  • Infrastructure money, expertise lacking

    Philippines hobbled by suspicion toward foreign investment

    Despite healthy economic growth powered by domestic demand, the Philippines attracts much less foreign investment than its neighbors. In addition to keeping its economic machine running smoothly, the country has also improved its fiscal health

    January 19, 2015 01:00 pm JST
  • Port-building

    Southeast Asia moves to bulk up maritime corridors

    TOKYO -- Southeast Asian countries are rushing to build much-needed port infrastructure to handle the surge in maritime trade, with the Philippines and Indonesia leading the pack with huge investments. The Port of Manila, which handles 80% of th

    January 17, 2015 05:06 am JST
  • Pope Francis in Asia

    Vatican head visits 'new frontier'

    BANGKOK -- Pope Francis, the leader of the world's 1.2 billion Catholics, this week hopes to put his stamp on Asia. The pope's six-day trip to Sri Lanka and the Philippines aims to convey the church's message to billions of potential converts. A

    January 16, 2015 07:00 pm JST
  • Stricter environmental rules coming

    Southeast Asia's junkyards a gold mine

    TOKYO -- Urban mining is taking off in Southeast Asia. The term is shorthand for recovering precious and rare-earth metals from discarded automobiles and electronic devices as well as from industrial scrap. The trend reflects the sharp increase in v

    January 15, 2015 12:00 am JST
  • Curtis S. Chin and Jose B. Collazo: Asia infrastructure needs reform, not more development banks

    Amid talk of the "Asian century," one of the most important questions is how best to finance the continent's tremendous infrastructure needs. Whether crumbling roads in the Philippines or power blackouts in India, the region's physical infrastructur

    January 15, 2015 12:00 am JST
  • In ASEAN, Thai bourse is No. 1 in average daily turnover despite coup

    BANGKOK -- Despite the military coup, staged in May, and a slowing economy, Thailand's stock exchange in 2014 managed to remain atop Southeast Asia's average daily turnover ranking for a third year in a row. Bourses across the region suffered a

    January 15, 2015 12:00 am JST
  • From trash to cash

    There is a downside to explosive growth, as Asia is learning. As populations consume more, waste piles up and problems need solving. Along the way, opportunities arise. Across Asia, the recycling era has begun. Be it old cars, used bottles or wo

    January 15, 2015 12:00 am JST
  • China ready for a used-car boom

    SHANGHAI -- China boasts the world's largest new car market, with annual sales of more than 20 million vehicles. Its secondhand car market, by contrast, traditionally has seen modest growth. Many Chinese consumers, wanting to keep up appearances, pr

    January 15, 2015 12:00 am JST