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  • Interview

    Japan's labor woes, Filipinos' gains

    TOKYO -- Japan's rapidly aging and shrinking population is resulting in a labor shortage. In March, the jobless rate was 2.8%, near full employment.For the president and CEO of Magsaysay, a Philippine human resource and shipping group, this is a pro

    May 19, 2017 10:00 am JST
  • Beijing, ASEAN take step toward rules for South China Sea

    GUIYANG, China -- The Chinese government and ASEAN members agreed here Thursday on a framework for a code of conduct in the South China Sea, though without deciding its start date or legal status, an internal document obtained by The Nikkei shows.Th

    May 19, 2017 04:00 am JST
  • Philippine economy grows at slowest pace in nearly 2 years

    MANILA -- The Philippine economy grew at its slowest pace in nearly two years, the government reported on Thursday, as consumer spending slowed and the government struggled to roll out key infrastructure projects.The Philippines' gross domestic prod

    May 19, 2017 12:07 am JST
  • Philippines to reject EU grants after criticism of drug war

    MANILA -- President Rodrigo Duterte's government said on Thursday it will decline donor support from the European Union if it is used as a license to "interfere" in Philippine domestic affairs.Presidential spokesperson Ernesto Abella said the presid

    May 19, 2017 12:00 am JST
  • Alfamart operator to expand chain in Philippines

    JAKARTA -- Sumber Alfaria Trijaya, operator of Alfamart convenience stores in Indonesia, plans to add up to 200 units in the Philippines this year that will nearly double its presence there.SAT began its Philippine business in 2014 with a 35% stake

    May 18, 2017 10:47 pm JST
  • Philippine GDP growth disappoints at 6.4%

    MANILA -- The Philippine economy grew at a 6.4% clip in the first quarter of 2017, falling short of market expectations. Ernesto Pernia, the country's socioeconomic planning secretary, on Thursday said the result was "somewhat lower" than what was d

    May 18, 2017 11:35 am JST
  • Japan's space startups see promise in Southeast Asia

    TOKYO Japanese space startups are rapidly expanding in Southeast Asia, attracted by the wealth of opportunities in the region.The Southeast Asian market offers a wider range of opportunities than Japan's government-oriented space industry. It is als

    May 18, 2017 10:00 am JST
  • Thitinan Pongsudhirak: Donald Trump's foreign policy shift is good news for ASEAN

    It was bound to happen. With one brief trans-Pacific phone call to Thai Prime Minister Prayuth Chan-ocha, U.S. President Donald Trump rewrote the playbook that has governed U.S.-Thai relations over the past decade.Trump is likely to reorient America

    May 18, 2017 10:00 am JST
  • China, Philippines to hold first South China Sea talks Friday

    MANILA -- The Philippines and China will on Friday hold their maiden talks under a new "bilateral consultation mechanism" centering on their territorial dispute in the South China Sea.Philippine Ambassador to China Jose Santa Romana will lead Manila

    May 17, 2017 10:10 pm JST
  • Mobile payments going viral in Southeast Asia

    BANGKOK -- For a region that has lagged behind the rest of the world in terms of the number of credit cards and banking accounts, Southeast Asia has made remarkable strides toward a cashless society through the use of smartphone payments.Spreading l

    May 17, 2017 11:00 am JST
  • Southeast Asia building up maritime defenses

    MANILA -- From Singapore to the Philippines, Southeast Asian nations are spending big on submarines and other vessels to ramp up their naval capabilities amid rising tensions in the South China Sea.The five major Southeast Asian countries have all i

    May 17, 2017 02:30 am JST
  • Mitsubishi Jakarta factory to strive for Ghosn targets

    TOKYO -- Mitsubishi Motors is reinforcing production centers in Southeast Asia as part of its attempts to recover from last year's gas mileage data-falsification scandal.Having joined the Renault-Nissan Motor alliance, Mitsubishi is under pressure t

    May 16, 2017 02:00 pm JST
  • Richard Heydarian

    Perils for Southeast Asia in Beijing's Belt and Road scheme

    Perturbed by the rise of trade protectionism in the West and anemic growth at home, China has embarked on a massive infrastructure project aimed at recreating the global economic order in its own image. The scale and ambition of China's Belt and Roa

    May 16, 2017 03:15 am JST
  • Philippines' Aboitiz to boost cement output

    MANILA -- Aboitiz Equity Ventures said Monday it will spend roughly $300 million to increase annual cement production by 14% to 8 million tons, aiming to meet an expected rise in demand from government plans to step up infrastructure construction.Th

    May 15, 2017 11:42 pm JST
  • Duterte impeachment attempt fails

    MANILA -- Philippine lawmakers killed a bid on Monday to impeach President Rodrigo Duterte on the grounds that it lacked substance.The parliamentary justice committee unanimously voted down the impeachment complaint on the grounds that it was based

    May 15, 2017 10:57 pm JST
  • Philippines' Bloomberry Q1 profit helped by VIP revenue

    MANILA -- Philippine casino company Bloomberry Resorts earned 2.15 billion pesos ($43.32 million) in net profit in the first quarter, reversing from a loss of 1.16 billion pesos a year ago as high-roller visits hit a record.Revenues from its VIP or

    May 15, 2017 09:39 pm JST
  • Looming oversupply pushes nickel price to 10-month low

    TOKYO/HONG KONG -- Wariness over policy changes in two major nickel producing countries, Indonesia and the Philippines, is dragging the price of the metal down to 10-month lows.The risk of oversupply is spreading as Indonesian mining companies resum

    May 15, 2017 06:51 pm JST
  • China pledges $124bn for new Silk Road, says open to everyone

    BEIJING (Reuters) -- Chinese President Xi Jinping pledged $124 billion on Sunday for his ambitious new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomati

    May 14, 2017 01:03 pm JST
  • PLDT net income drops 20% in Q1 as wireless revenue shrinks

    MANILA -- Philippine telecom giant PLDT said Friday its net income in the first three months of 2017 dropped 20% on the year to 4.97 billion pesos ($99.9 million) as wireless revenue kept shrinking and impairment losses from Rocket Internet continue

    May 13, 2017 07:41 am JST
  • China seeks Southeast Asia clout with Belt and Road projects

    BEIJING -- The Chinese government will use the upcoming international forum on its Belt and Road Initiative to show what it can offer Southeast Asia, hoping to strengthen its hand in the region.Heads of state and other dignitaries from 28 countries

    May 11, 2017 11:00 pm JST