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  • World heritage threat

    UN backs Australia's plan to save the Great Barrier Reef

    BONN, Germany -- Australia has escaped attempts by environmentalists to have its iconic Great Barrier Reef listed as endangered by the United Nations World Heritage Committee after heavy lobbying and the fast-tracking of a 10-year $1.5 billion rescu

    July 2, 2015 10:33 pm JST
  • Southeast Asian startups

    Local ventures get jump on global players

    BANGKOK/MANILA -- Southeast Asian startups have long drawn inspiration from the big U.S. information technology companies. Now, some entrepreneurs are zeroing in on opportunities yet to be tapped by the likes of Apple, Google and Amazon.com. Na

    July 2, 2015 12:00 pm JST
  • Startups and the economy

    Southeast Asia catches eye of venture capitalists

    BANGKOK -- It was a long time coming, but Southeast Asia is finally attracting investments from top-tier global venture capital firms. Until the turn of the century, the conventional wisdom among Silicon Valley venture capitalists was to avoid i

    July 2, 2015 10:00 am JST
  • AirAsia tries to fend off accusations of fiddling figures

    KUALA LUMPUR -- AirAsia recently said it was "distressed and peeved" in response to allegations of accounting malpractice. On top of its shrinking earnings in the face of intense competition, the budget airline is being accused of fiddling with figu

    July 2, 2015 12:00 am JST
  • George Magnus: Greece will cast long political shadows

    If Greece were in Asia, it would be the seventh largest economy, of little geopolitical consequence and soon to be overtaken by Bangladesh and Vietnam. Greece's size, however, is not the right metric to use when gauging its significance in Europe's

    July 2, 2015 12:00 am JST
  • Frederic Neumann: Greek turmoil is not without risks to Asia

    The coming weeks will prove critical for Greece's membership of the eurozone. For Asia, the immediate impact of a potential "Grexit" should be manageable. A powerful policy response by major central banks and comfortable reserve buffers in the regio

    July 2, 2015 12:00 am JST
  • AIIB hits another obstacle

    BEIJING/MANILA -- Founding members of the new China-led infrastructure bank officially signed its charter June 29. However, some of the countries which had previously expressed interest were missing. Fifty-seven nations had announced plans to pa

    July 2, 2015 12:00 am JST
  • Southeast Asia catches eye of venture capitalists

    BANGKOK -- It was a long time coming, but Southeast Asia is finally attracting investments from top-tier global venture capital firms. Until the turn of the century, the conventional wisdom among Silicon Valley venture capitalists was to avoid i

    July 2, 2015 12:00 am JST
  • Local ventures get jump on global players

    BANGKOK/MANILA -- Southeast Asian startups have long drawn inspiration from the big U.S. information technology companies. Now, some entrepreneurs are zeroing in on opportunities yet to be tapped by the likes of Apple, Google and Amazon.com. Na

    July 2, 2015 12:00 am JST
  • Entrepreneurial engines

    Startups are finding fertile ground in Asia -- Southeast Asia in particular. Populations are getting wealthier, smartphones are ubiquitous and governments are holding out carrots for innovators. Homegrown ventures are sniffing out opportunities far

    July 2, 2015 12:00 am JST
  • Frederic Neumann

    Greek turmoil is not without risks to Asia

    The coming weeks will prove critical for Greece's membership of the eurozone. For Asia, the immediate impact of a potential "Grexit" should be manageable. A powerful policy response by major central banks and comfortable reserve buffers in the regio

    July 1, 2015 04:00 pm JST
  • Geoff Cook

    Asia's wealthy show their social conscience

    As Asia's middle class is going through a generational shift in wealth, there is also a shift in how that wealth is being used to influence society. More than any other region globally, the wealthiest of the Asia-Pacific are now placing more importa

    June 30, 2015 01:00 pm JST
  • Delayed reaction

    Thailand, other holdouts could still join AIIB this year

    MANILA -- Thailand and the other prospective founding members that did not sign on to the Asian Infrastructure Investment Bank on Monday may ultimately do so by the end of the year. Unfinished administrative work or legal procedures led to the d

    June 30, 2015 02:19 am JST
  • Charter nonmembers

    AIIB sets sail without Philippines, others signing on

    BEIJING -- In what turned out to be a bumpy start, founding members of a China-led infrastructure bank officially signed its charter Monday minus some countries that had previously expressed interest. Fifty-seven countries had announced plans to

    June 29, 2015 11:36 pm JST
  • No end in sight

    Southeast Asia's auto sales slide for 25th month

    BANGKOK -- New-auto sales in six major Southeast Asian markets fell for the 25th consecutive month in May, with tough times expected to continue for the top two -- Indonesia and Thailand. The six, also including Malaysia, the Philippines, Vietna

    June 29, 2015 11:26 pm JST
  • BDO Unibank

    Nomura invests in Philippine online stock trading

    MANILA -- BDO Unibank is teaming up with Nomura Holdings, a Japanese financial services company, to offer online stock broking. Nomura is to infuse fresh capital into PCIB Securities, a wholly owned subsidiary of BDO, the largest Philippine bank

    June 29, 2015 09:34 pm JST
  • Tensions in South China Sea

    Philippines delays signing as AIIB founding member

    MANILA -- The Philippines has decided to hold off on joining the China-led Asian Infrastructure Investment Bank. National Treasurer Roberto Tan said Manila will not sign on as an AIIB founding member at a ceremony Monday in Beijing. "We will jus

    June 29, 2015 02:00 am JST
  • Yes or no to Europe?

    Greece's Tsipras calls referendum to break bailout deadlock

    ATHENS/BRUSSELS (Reuters) -- Greek Prime Minister Alexis Tsipras called a referendum on austerity demands from foreign creditors on Saturday, rejecting an "ultimatum" from lenders and putting a deal that could determine Greece's future in Europe to

    June 27, 2015 12:16 pm JST
  • Aviation safety

    As Philippines gets upgrade, Thailand, Indonesia come under spotlight

    MANILA -- The Philippines on Thursday night was given an important aviation safety upgrade from the European Union, which took all the remaining local carriers off its blacklist. "All airlines certified in the Philippines, banned since 2010, hav

    June 26, 2015 09:33 pm JST
  • Low inflation in Philippines

    Central bank maintains key interest rates

    MANILA -- Philippine monetary authorities on Thursday kept interest rates unchanged for their sixth consecutive meeting. As expected, the Bangko Sentral ng Pilipinas maintained the overnight borrowing rate at 4% and lending rate at 6%. Centr

    June 25, 2015 07:30 pm JST