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  • Indian, Sri Lankan stocks rising on hopes for economic reform

    TOKYO -- Indian and Sri Lankan stocks are riding high, buoyed by expectations that stable governments in both countries will spur economic growth. Sri Lanka's Colombo Stock Exchange All-Share Index has risen nearly 20% this year, and was hoverin

    August 30, 2014 12:46 am JST
  • China, India spar for Sri Lanka influence

    COLOMBO -- China's state-run companies are aggressively investing in massive infrastructure projects in Sri Lanka. The move is part of Beijing's geopolitical strategy to secure vital sea lanes in the Indian Ocean and ensure reliable flows of energy.

    August 28, 2014 12:00 am JST
  • Sri Lanka aims to be hub for pan-Indian Ocean trade

    COLOMBO -- Sri Lanka is becoming the destination of choice among businesses looking to tap the vast opportunities in the emerging economic zone surrounding the Indian Ocean. The region consists mostly of demographically young nations, and their

    August 28, 2014 12:00 am JST
  • Malaysia's Axiata April-June net profit tumbles 44%

    KUALA LUMPUR -- The Axiata Group's net profit for the April-June quarter fell 44% year-on-year, to 393 million ringgit ($125 million). The group, which includes cellular service companies in Southeast and South Asia, attributed the decline to lower

    August 27, 2014 07:00 pm JST
  • Japan to help train, equip Sri Lanka's coast guard

    TOKYO -- Japan will offer Sri Lanka aid for maritime safety, seeking deeper ties with a country that occupies a key juncture along sea lanes linking East Asia with overseas resources and markets. Prime Minister Shinzo Abe will announce the init

    August 26, 2014 11:41 pm JST
  • Japan to help Bangladesh build up industrial base

    TOKYO -- Japan will support the creation of an industrial area in Bangladesh near the Bay of Bengal, providing some 600 billion yen ($5.7 billion) in official development assistance over the next four to five years. The undertaking will focus on

    August 26, 2014 03:04 am JST
  • Japan's Aeon hopes customers get Pakistan mango munchies

    TOKYO -- Japan's top supermarket operator, Aeon, will soon become the country's first major retailer to sell mangoes grown in Pakistan. The fruit from Pakistan has a higher sugar content than the Thai varieties that dominate the Japanese m

    August 23, 2014 01:00 pm JST
  • Scott Hetherington: Asia's hotel industry changing, for the better

    Over the course of my 15 years in Asia, I've seen a huge shift in the hospitality industry. When I arrived here in January 2000, the hotel market was similar to Europe's in its early days, more than a decade before. The markets in Europe had bee

    August 14, 2014 12:00 am JST
  • Japanese manufacturers see Sri Lanka as new strategic base

    COLOMBO -- The rise of a pan-Indian Ocean economic zone is prompting some forward-looking Japanese companies to shift their strategic priorities. Up to now, most internationally active Japanese companies have been heavily focused on North Americ

    August 12, 2014 07:00 pm JST
  • Japan to provide comprehensive medical ODA to Bhutan

    TOKYO -- Japan will provide official development assistance to a new comprehensive medical university and its affiliated hospital in Bhutan, government sources said Tuesday. Much of the aid will be in the form of education. The aid, which is exp

    August 12, 2014 02:00 pm JST
  • Japan's Ship Healthcare to run hospital in Bangladesh

    OSAKA -- Hospital construction and renovation consultancy Ship Healthcare Holdings will start managing hospitals in emerging Asian markets, first in the Bangladeshi capital of Dhaka. The Osaka-based company will form a joint venture as early as

    August 12, 2014 03:37 am JST
  • Aisin field-tests manure-powered biogas generator in Bangladesh

    NAGOYA -- Aisin Seiki is field-testing a biogas power generator in Bangladesh that uses chicken manure. The company has modified a gas engines to run on biogas, and will use the system to supply power needed by a chicken farm located on the nor

    August 11, 2014 01:00 pm JST
  • China, India vie for Sri Lanka influence

    COLOMBO -- China is aggressively trying to play a leading role in massive infrastructure projects in Sri Lanka. The move is part of Beijing's efforts to secure a sea lane in the Indian Ocean and ensure a dependable energy flow. China's growing i

    August 8, 2014 07:00 pm JST
  • Sri Lanka rides high on region's growth potential

    COLOMBO -- Sri Lanka is becoming a hot commodity among businesses looking to position themselves in the Pan-Indian Ocean economic zone. The region consists of a number of emerging countries expected to become ever more populated. Some estimates

    August 7, 2014 07:00 pm JST
  • Mega Maldives takes its licks and keeps on flying

    MALE -- Most tourists in the Maldives relax on the pristine white sand beaches, dive the coral reefs, sip champagne on sunset dolphin cruises and forget the outside world. Photographs and memories tend to be the only souvenirs. When George Weinm

    August 7, 2014 12:00 am JST
  • Modi praised for pressing right diplomatic buttons in Nepal

    KATMANDU -- A two-day jaunt to Nepal by Indian Prime Minister Narendra Modi appears to have put relations between the neighbors on a stronger footing. Small gestures of respect, it seems, have gone a long way toward easing decades of resentment.

    August 7, 2014 12:00 am JST
  • Rupakjyoti Borah: Modi's neighborhood watch program

    India's Bharatiya Janata Party-led National Democratic Alliance in recent elections gained an unprecedented majority in parliament. The ruling alliance now commands a majority in the lower, more powerful house of parliament, the Lok Sabha, allowing

    August 7, 2014 12:00 am JST
  • Pakistan still having trouble keeping lights on

    KARACHI -- Nawaz Sharif led his party to victory in Pakistan in May 2013, promising to ease the country's chronic power shortages. More than a year later, Sharif has claimed progress, but experts say the government has focused too much on power plan

    August 7, 2014 12:00 am JST
  • Modi praised for pressing right diplomatic buttons in Nepal

    KATMANDU -- A two-day jaunt to Nepal by Indian Prime Minister Narendra Modi appears to have put relations between the neighbors on a stronger footing. Small gestures of respect, it seems, have gone a long way toward easing decades of resentment.

    August 5, 2014 07:00 pm JST
  • India's Modi set to land in a Nepal wary of his embrace

    KATHMANDU -- On paper, India and Nepal have been friends since 1950. But no Indian prime minister has come calling in Kathmandu for 17 years. Narendra Modi, India's new leader, will change that when he arrives in Nepal's capital on Sunday for a two-

    August 1, 2014 07:00 pm JST