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  • Southeast Asia shrugs off the 1997 financial crisis

    TOKYO The 1997 financial crisis that slammed Asia took its toll on Southeast Asian nations. Since weathering the storm, they now appear in good shape as regards development. But work remains to be done.That's the prognosis from a prominent group of

    April 20, 2017 10:00 am JST
  • Richard Heydarian: Courting China puts Duterte at odds with his generals

    Analysis of Philippine foreign policy, especially in recent months, has largely revolved around the bigger-than-life persona of President Rodrigo Duterte. Since his accession to power nine months ago, the firebrand Filipino president has consistentl

    April 20, 2017 10:00 am JST
  • Tokyo tech startup raises $6m for rickshaw loan service in SE Asia

    TOKYO -- Eight Japanese companies including autoparts maker Denso and trading house Sumitomo Corp. will invest a total of 700 million yen ($6.43 million) in a tech startup with a unique model for leasing auto rickshaw taxis and other equipment in So

    April 20, 2017 05:20 am JST
  • Duterte seeking diplomatic balance between Japan, China

    MANILA -- Philippine President Rodrigo Duterte will visit Japan in June for the second time since taking office, aiming to build rapport with Prime Minister Shinzo Abe and strike a delicate balance between competing Japanese and Chinese interests.Du

    April 19, 2017 02:00 am JST
  • GT Capital raises stake in Metrobank

    MANILA -- Philippine conglomerate GT Capital Holdings said on Tuesday it will acquire another 9.62% of Metropolitan Bank & Trust, the second largest bank by assets in the Philippines, raising its stake to 36.09%.GT Capital will purchase 306 million

    April 18, 2017 11:00 pm JST
  • Philippine President Duterte to visit Japan in June

    TOKYO -- Philippine President Rodrigo Duterte will visit Japan in early June.Japan and the Philippines are making arrangements for a meeting between the president and Japanese Prime Minister Shinzo Abe during Duterte's visit to discuss regional secu

    April 18, 2017 01:00 pm JST
  • Japan's Duskin welcomes its first foreign housekeepers

    TOKYO -- Japanese housekeeping services provider Duskin welcomed eight foreign employees Monday as the country opens its doors to overseas recruits to alleviate a labor crunch afflicting the industry.The eight Filipino employees, ranging in age from

    April 18, 2017 06:40 am JST
  • Duterte labor reform leaves nobody happy

    MANILA -- The Philippine government is moving to crack down on the practice of hiring workers on short-term contracts, which is a major factor behind low wage levels in the country. But few people, if any, on either side of the debate seem satisfied

    April 16, 2017 05:00 pm JST
  • Duterte faces turning point in push for safer Philippines

    MANILA -- After reaching a long-awaited truce with communist rebels, Philippine President Rodrigo Duterte faces a crucial test of whether he can establish lasting peace with a group that has carried out various kidnappings and terror attacks over th

    April 16, 2017 07:00 am JST
  • World Bank boosts 2018 growth outlook for emerging East Asia

    SINGAPORE -- The World Bank on Thursday upgraded its economic growth forecast for 2018 for emerging countries in East Asia to 6.1%, up from the 6.0% it projected six months earlier.The bank said expanding infrastructure investment, rebounding demand

    April 13, 2017 11:44 am JST
  • ASEAN and Japan aim to foster startups in Southeast Asia

    TOKYO Venture capital investment is booming in Southeast Asia, boding well for the region's startups. And there is greater scope for collaboration between businesses in the region and in Japan to make innovation happen.That was the message at the AS

    April 13, 2017 10:00 am JST
  • North Korea-US saber rattling ramps up tension in Asia

    TOKYO North Korean leader Kim Jong Un walked slowly onto the center of the stage on April 11, as North Korea's parliament, the Supreme People's Assembly, the highest organ of government, opened in Pyongyang.Clad in a Mao suit, his hair cut short, Ki

    April 13, 2017 10:00 am JST
  • South Korea's export recovery is on thin ice

    HONG KONG Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at hom

    April 13, 2017 10:00 am JST
  • The ADB forecasts the slowest Asian growth since 2001

    MANILA Asia's growth will fall to its slowest pace since 2001 this year amid policy uncertainty in advanced economies and an outflow of capital, according to the Asian Development Bank.In its 2017 Asian Development Outlook, released on April 6, the

    April 13, 2017 10:00 am JST
  • South Korea's export recovery is on thin ice

    HONG KONG -- Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at

    April 12, 2017 06:30 pm JST
  • RareJob to start study abroad program in the Philippines

    TOKYO -- Japan's RareJob, a provider of online English lessons, will collaborate with a Philippine company in starting an English study abroad program for Japanese professionals.RareJob will acquire a 20% stake in Grandline Philippines in the city o

    April 12, 2017 03:30 pm JST
  • Magnitude 5.6 quake hits the Philippines - USGS

    A 5.6-magnitude earthquake struck the center of Mindanao island in the Philippines on Wednesday, the U.S. Geological Survey said.The quake, initially reported as a magnitude 6.0, struck at 5:21 a.m. on Wednesday (2121 GMT on Tuesday). It was very sh

    April 12, 2017 06:53 am JST
  • Nicholas Spiro

    Asian corporate bond rally has gone too far

    For an indication of just how resilient emerging market assets have been since the upset victory of Donald Trump in the U.S. presidential election, look no further than Asian corporate bonds.Asia's emerging markets, which account for 45% of the main

    April 11, 2017 10:00 pm JST
  • Philippines' GDP growth to hit 6.9% in 2017, 2018 - World Bank

    MANILA (Reuters) - The Philippines' economy is expected to grow much faster than previously thought this year and next due to strong domestic demand and the government's pledge to boost infrastructure spending, the World Bank said on Tuesday.Growth

    April 11, 2017 02:54 pm JST
  • Davao enjoying an investment boom

    MANILA -- Davao, on the southern island of Mindanao and the city where President Rodrigo Duterte served as mayor for more than two decades, is enjoying an investment boom. Commercial complexes are going up. Homes are being built. The city even has t

    April 11, 2017 01:00 pm JST