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  • Nikkei Asia Prizes

    Indian foundation, Chinese scientist, Mongolian actor honored

    TOKYO -- A foundation that provides free lunches to schoolchildren in India, a Chinese scientist who specializes in biomimetics, and a Mongolian performing artist who helped usher his country toward democracy were awarded this year's Nikkei Asia Pri

    May 29, 2016 02:50 pm JST
  • Commentary

    Raj Kumar Sharma -- Will Afghan instability inundate Central Asian republics?

    The declining security situation in Afghanistan due to the reduced presence of international forces has other Central Asian nations concerned about a possible spillover of militancy into their territories. For these nations -- Kazakhstan, Uzbekistan

    May 25, 2016 01:00 pm JST
  • Taliban official: Group leader killed in drone strike

    KABUL (AP) -- A senior commander of the Afghan Taliban confirmed on Sunday that the extremist group's leader, Mullah Akhtar Mansour, has been killed in a U.S. drone strike.Mullah Abdul Rauf, who recently reconciled with Mansour after initially rebel

    May 22, 2016 04:50 pm JST
  • Commentary

    Takehiko Nakao -- Promoting advanced technology in Asia

    For nearly 50 years, the Asian Development Bank has supported its developing member countries as they strive to close their infrastructure gaps. Building on the progress made over that time, these countries now recognize the importance of adopting h

    May 17, 2016 12:00 pm JST
  • Marubeni adding $2bn plant to Indonesian power portfolio

    TOKYO -- Marubeni will work with South Korean and local Indonesian power companies to develop a coal-fired power plant in the Southeast Asian nation -- part of efforts to grow global power operations 40% in three years in part on new projects in the

    May 17, 2016 03:25 am JST
  • Countries pledge to fight graft by revealing who owns companies

    LONDON (Reuters) -- Countries from Britain to Afghanistan pledged on Thursday to set up public registers of company ownership in a collective effort to make it harder to launder the proceeds of corruption around the globe. Prime Minister David C

    May 13, 2016 10:35 am JST
  • Nikkei Asia Prizes 2016

    The Nikkei Asia Prizes recognize individuals and organizations that make outstanding contributions to Asia's development. Here are this year's winners.The winners of the 21st Nikkei Asia Prizes are:Akshaya Patra Foundation -- Winner for economic and

    May 12, 2016 12:00 pm JST
  • Mongolia's singing democracy crusader

    Dogmid Sosorbaram Performing artist, democracy activistWinner for culture and communityULAANBAATAR Dogmid Sosorbaram was born in 1958 into a nomadic family in southern central Mongolia. As a child, he passed many hours sitting astride his horse a

    May 12, 2016 12:00 pm JST
  • AIIB teams with European development bank in Central Asia

    LONDON -- The Beijing-based Asian Infrastructure Investment Bank has agreed to co-finance a road project in Tajikistan, the fledgling bank's second such project on China's strategic Silk Road route.The China-led bank will partner on the effort with

    May 12, 2016 04:08 am JST
  • Nikkei Asia Prizes

    Dogmid Sosorbaram, Mongolia's singing democracy crusader

    ULAANBAATAR -- Dogmid Sosorbaram was born in 1958 into a nomadic family in southern central Mongolia. As a child, he passed many hours sitting astride his horse and singing songs while he watched the moon. This experience instilled in him a love of

    May 8, 2016 02:00 am JST
  • Nikkei Asia Prizes

    3 winners, 3 unique contributions to regional development

    TOKYO -- The Nikkei Asia Prizes recognize individuals and organizations that make outstanding contributions to Asia's development. This year, the prizes have been awarded to two individuals and a foundation for supporting education by nourishing chi

    May 8, 2016 02:00 am JST
  • For commodities markets, the bad times are just beginning

    For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle, defined as a decadelong bull market, has always been followed by a downturn that lasted just as long, or longe

    April 28, 2016 12:00 pm JST
  • For commodities markets, the bad times are just beginning

    BANGKOK -- For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle, defined as a decadelong bull market, has always been followed by a downturn that lasted just as lon

    April 27, 2016 07:30 pm JST
  • Pakistan highway likely among first AIIB projects

    BEIJING -- The Asian Infrastructure Investment Bank likely will help fund a highway extension in Pakistan along with two other road projects to kick off its lending operations, the Financial Times has reported. The China-led bank, established in

    April 20, 2016 05:22 am JST
  • Oil producers fail to agree on output freeze

    DOHA, Qatar -- Saudi Arabia, Russia and other major oil producing nations failed to agree on a crude output freeze Sunday, as Iran's absence cast shadows over the talks. More than 10 OPEC and non-OPEC members took part in the meeting, with the a

    April 18, 2016 04:24 am JST
  • World Bank cuts forecast for developing Asia

    SINGAPORE - The World Bank has lowered its growth forecast for developing East Asia and the Pacific region this year to 6.3%, 0.1 point down from its projection in October. It expects China's slowdown and the decline in commodity prices to continue

    April 11, 2016 11:00 pm JST
  • Infrastructure is the basis for everything: ADB chief Nakao

    MANILA Asian economies have been rattled by China's slowdown, but they are still growing faster than many others. Maintaining that momentum, however, will require governments to get serious about improving the region's shaky infrastructure. The Ni

    April 7, 2016 12:00 pm JST
  • Sprint could still ding SoftBank on road to recovery

    TOKYO -- U.S. cellular provider Sprint remains far from profitability despite some cost-cutting success, threatening to soil parent SoftBank Group's balance sheet if its value dips too far. SoftBank shares ended Thursday, and thus fiscal 2015, a

    April 1, 2016 02:00 am JST
  • Japanese fabric makers find eager market in Middle East

    TOKYO -- Japan's Mitsubishi Rayon, Kuraray and other leading fabric makers are preparing to enhance sales of their quality materials to the Middle Eastern market, to be used for traditional garments. Made-in-Japan fabrics, many of them featuring cut

    March 28, 2016 07:00 pm JST
  • Slowing Turkmenistan economy threatens dictatorship

    ASHGABAT, Turkmenistan -- Turkmenistan's economy has come to a turning point after several years of rapid growth driven by energy exports. Falling prices of natural gas, the Central Asian country's main export, have pushed the economy into lower

    March 28, 2016 03:30 pm JST