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  • Tea Leaves

    The politics of elephants in the room

    I grew up in a corner of Colombo, the Sri Lankan capital, where a domesticated elephant was a regular presence in daily life. "Our" elephant belonged to the Buddhist temple near our home. On some mornings, it would lumber past our front gate, the ch

    April 20, 2017 10:00 am JST
  • The politics of elephants in the room

    I grew up in a corner of Colombo, the Sri Lankan capital, where a domesticated elephant was a regular presence in daily life. "Our" elephant belonged to the Buddhist temple near our home. On some mornings, it would lumber past our front gate, the ch

    April 20, 2017 10:00 am JST
  • Sujeev Shakya: South Asia must embrace frontier opportunities

    In South Asia, connectivity is seen as the prerogative of capital cities, with people who live in border areas routinely ignored. Instead of finding ways of improving connectivity throughout the region, summits of the South Asian Association for Reg

    April 20, 2017 10:00 am JST
  • Richard Ghiasy

    China-Pakistan corridor could help stabilize South Asia

    So far in its two-year history the China-Pakistan Economic Corridor has fanned Indian-Pakistani rivalry and added to regional security tensions. But the $55 billion infrastructure and energy project, officially launched on April 20, 2015 (though som

    April 20, 2017 10:00 am JST
  • Sri Lanka seeks new flight path for ailing airline

    COLOMBO -- Hopes are rising for Sri Lanka's ailing national carrier, SriLankan Airlines, as U.S.-based private equity firm TPG Capital conducts due diligence on the indebted company.The process is scheduled to be completed by the end of May, after w

    April 18, 2017 10:55 pm JST
  • Jonathan Hillman

    Mishandled China-Pakistan Economic Corridor could misfire

    It has been a tumultuous two years in Pakistan and China's regional interactions. Since it was launched on April 20, 2015, the China-Pakistan Economic Corridor has sparked praise, skepticism, and even violence. The result is widespread confusion abo

    April 13, 2017 04:10 pm JST
  • Sri Lanka struggles to build up foreign reserves

    HAMBANTOTA, Sri Lanka A South Korean ship unloads its cargo of cars at the Hambantota port, the only sign of life at Sri Lanka's newest harbor on its southern coast. The rest of this $1.4 billion port, built with a loan from the Export-Import Bank o

    April 13, 2017 10:00 am JST
  • Pakistan equities are buoyant ahead of MSCI index promotion

    LAHORE The Pakistan Stock Exchange emerged as Asia's best performing equity market and the fifth best in the world in 2016 as it boasted a total return of 45.7%. The market peaked at 50,192.4 points on Jan. 26, and fell back slightly in February and

    April 13, 2017 10:00 am JST
  • Japan, Sri Lanka Prime Ministers vow further cooperation on maritime security

    TOKYO (Kyodo) -- Japanese Prime Minister Shinzo Abe and his Sri Lankan counterpart Ranil Wickremesinghe agreed Wednesday to further advance their cooperation in maritime security.According to a joint statement released after their talks in Tokyo, th

    April 13, 2017 09:15 am JST
  • Political chaos grips Maldives as Yameen fights for survival

    COLOMBO -- "With the Grace of Allah, I continue to be a member of PPM and its sole elected president and leader," former Maldivian President Maumoon Abdul Gayoom said in a defiant tweet to his followers on March 26.Gayoom, 79, was referring to the P

    April 10, 2017 07:40 pm JST
  • Sujeev Shakya

    In South Asia, the time has come for border economic zones

    In South Asia, connectivity is seen as the prerogative of capital cities, ignoring people who live in border areas. Instead of finding ways of improving connectivity throughout the region, summits of the South Asian Association for Regional Cooperat

    April 10, 2017 05:00 pm JST
  • India offers $5bn credit line to Bangladesh for projects, defence

    MUMBAI (Reuters) -- India offered a $4.5 billion line of credit to neighbouring Bangladesh on Saturday to help it implement projects in priority areas such as the energy sector, and a separate $500 million credit line to support defence related proc

    April 8, 2017 10:10 pm JST
  • The internet poised to dethrone TV as ad king

    PALO ALTO, U.S. -- Television's reign as the dominant advertising medium appears near its end, as sellers increasingly reach out to consumers through mobile devices.The rise of smartphones provides a tailwind for spending on internet ads, which is e

    April 7, 2017 08:00 am JST
  • Pakistan bets on a Chinese development project, but debt looms

    ISLAMABAD Two international lending institutions and Pakistan's central bank have raised concerns about the debt burden of a huge China-led infrastructure program on the country's improving but still-fragile finances.Surging Chinese imports for the

    April 6, 2017 10:00 am JST
  • Hedge funds suffer money exodus

    TOKYO -- Once wielding powerful influence on global financial markets, hedge funds are losing customers as more investors shun their high fees amid poor returns.Hedge funds tracked by Eurekahedge saw fund outflows of $60.7 billion by the end of Febr

    April 6, 2017 09:00 am JST
  • Pakistan equities buoyant ahead of index reclassification

    LAHORE -- The Stock Exchange of Pakistan emerged as Asia's best performing equity market and the fifth best in the world in 2016 by providing a total return of 45.7%. The market then peaked at 50,192.4 points on Jan. 26, falling back slightly in Feb

    April 5, 2017 12:45 pm JST
  • Global debt hits $215tn in 2016, led by emerging markets -- IIF

    Global debt rose to 325 percent of the world's gross domestic product in 2016, totalling $215 trillion, an Institute for International Finance report released on Monday showed, boosted by the rapid growth of issuance in emerging markets.Global debt

    April 4, 2017 09:14 am JST
  • Sri Lanka struggles to build foreign reserves

    HAMBANTOTA, Sri Lanka -- A South Korean ship unloads its cargo of cars at a terminal in Hambantota port, providing the only sign of life at Sri Lanka's newest harbor, sited on its southern coast. The rest of this $1.4 billion port, built with a loan

    April 3, 2017 04:10 pm JST
  • ADB scholarships help foster human resources

    TOKYO -- The Asian Development Bank -- which celebrated its fiftieth anniversary last year -- has provided investment and loans to help improve infrastructure in the Asia-Pacific region, as well as fostered human resources in member countries.Since

    April 3, 2017 08:00 am JST
  • The Asian-American community reacts

    Donald Trump's anti-immigrant rhetoric and sweeping proposals have stirred reactions from the Asian-American community. Here is what experts are saying.Aamina AhmedRaised in both the U.S. and Pakistan, Aamina Ahmed worries about the consequences of

    March 30, 2017 10:00 am JST