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  • Southeast Asia's new-car sales climb 3% in October

    BANGKOK -- New-car sales in six major Southeast Asian countries grew 3% on the year in October, with double-digit growth in the Philippines and Thailand compensating for declines in Malaysia and Vietnam.Total unit sales for the region reached 279,71

    December 6, 2017 05:29 am JST
  • Duterte labels Communists as terrorists, heightening tension

    MANILA--President Rodrigo Duterte on Tuesday classified the Communist Party of the Philippines and its armed wing as a terrorist organization in a move that could trigger fresh armed clashes. Peace talks were terminated in November.Duterte has signe

    December 5, 2017 09:49 pm JST
  • Nikkei Asia300 Index falls as technology stocks edge lower

    MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Tuesday, as a rally triggered by optimism over U.S. tax reforms faded and technology shares resumed their fall.The Nikkei Asia300 Index lost 0.7% to 1,371.98. Index heavyweights Tencent Hol

    December 5, 2017 09:09 pm JST
  • Asia Insight

    Pope Francis clearing new path for Christianity in Asia

    YANGON/TOKYO -- On the third day of his recent visit to Myanmar, Pope Francis entered the Kaba Aye Center, one of the most important Buddhist temples in Yangon, with his shoes off in accordance with local customs.There, he delivered a message: "For

    December 5, 2017 12:15 pm JST
  • Philippines halts sale of Sanofi dengue vaccine amid health risk

    MANILA (Reuters) -- The Philippines has ordered French drugmaker Sanofi to stop the sale, distribution and marketing of its Dengvaxia dengue vaccine in the country after the company last week warned it could worsen the disease in some cases.The move

    December 5, 2017 12:08 pm JST
  • Richard Heydarian

    Duterte's march to illiberal democracy

    Three decades after the downfall of the Ferdinand Marcos dictatorship, the specter of authoritarianism is once again haunting the Philippines, one of Asia's oldest democracies.On Nov. 30, marking the birthday of Filipino revolutionary leader Andres

    December 5, 2017 07:00 am JST
  • Nikkei Asia300 Index rises as U.S. inches closer to corporate tax cuts

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Monday as the U.S. took a step closer to passing a bill that offered significant tax cuts to businesses.The Nikkei Asia300 Index advanced 0.6% to 1,380.98.Index equity futures pointed to a stro

    December 4, 2017 08:34 pm JST
  • Asia now home to 75 unicorns as sharing economy takes off

    TOKYO -- Asia now has about 75 unicorn startups, accounting for 40% of the global total by value, a feat made possible by the region's booming on-demand industry -- especially in China.Founded in 2012, Didi Chuxing Technology now boasts over 400 mil

    December 4, 2017 03:45 pm JST
  • Vivek Pathak

    Small business has big role in fighting for climate goals

    It has been dubbed the "Uber for trucks." The e-logistics company Huochebang in China has developed an online platform that coordinates truckers, shippers and service centers. By the end of last year, the company was working with 2.3 million trucker

    December 4, 2017 12:00 pm JST
  • Willem H. Buiter

    The case for getting rid of high-denomination bank notes

    I previously discussed the merits of going cashless to enable central banks, including the Bank of Japan, to set interest rates at more negative levels. While that may not happen any time soon, eliminating large denomination paper currency notes --

    December 4, 2017 11:30 am JST
  • ASEAN manufacturing PMI inches up to 50.8 in November

    TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, edged up to 50.8 in November from October's 50.4.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction."The ASEAN manufacturing

    December 4, 2017 09:30 am JST
  • Philippine auto sales swerve in response to erratic polices

    MANILA -- The Philippines' auto market has been growing well, but not exactly smoothly, skidding and swerving as the government tries out one policy or another -- including a freeze on applications for ride-hailing services -- or vacillating on deci

    December 2, 2017 12:15 pm JST
  • Xiaomi enters Thailand amid plans for 2,000 stores globally

    BANGKOK -- In November, Thai buyers thronging Bangkok's Seacon Square Bangkae shopping mall were surprised to find a handset store with a logo they had never seen before -- Xiaomi.It was the second Mi store launched by the leading Chinese smartphone

    December 1, 2017 10:40 pm JST
  • Michael Vatikiotis

    Statesman who raised ASEAN's international profile

    Southeast Asia is a hard region for anyone to straddle. There is no common language, sovereignty is strongly asserted, and there are plenty of deeply-felt enmities. If there was one man in recent history who managed to overcome some of these obstacl

    December 1, 2017 09:45 pm JST
  • Nikkei Asia300 Index edges lower as Tencent extends losses

    MUMBAI (NewsRise) -- Asian stocks outside of Japan retreated Friday, as heavyweight Tencent Holdings extended losses and a private survey showed China's manufacturing activity weakened last month.The Nikkei Asia300 Index dropped 0.6% to 1,373.25. Fo

    December 1, 2017 08:31 pm JST
  • Calata's trading violation sparks investor activism in the Philippines

    MANILA -- In a rare show of shareholder activism and solidarity in the Philippines, minority investors have launched a bid to take over Calata, one of the country's leading agricultural companies, after it was forced by the authorities to delist for

    December 1, 2017 11:15 am JST
  • Philippines manufacturing PMI rose to 54.8 in November

    TOKYO -- The Nikkei Philippines Manufacturing Purchasing Managers' Index, or PMI, rose to 54.8 in November from 53.7 in October. The improvement in operating conditions accelerated for a third straight month.A reading above 50 indicates economic exp

    December 1, 2017 09:30 am JST
  • Tech companies lead Nikkei Asia300 lower after Nasdaq slide

    MUMBAI (NewsRise) -- Asian stocks outside of Japan slumped Thursday, as regional technology companies fell, tracking an overnight selloff in their U.S. counterparts.The Nikkei Asia300 Index declined 1.5% to 1,381.03. South Korea's Samsung Electronic

    November 30, 2017 08:14 pm JST
  • Nikkei launching new index for Asian corporate investment on Dec. 11

    TOKYO -- Nikkei Inc. on Dec. 11 will begin publishing the Nikkei Asia300 Investable Index in an effort to make Asia's leading companies more accessible to investors.Retail investors will be able to buy in via investment trusts and other instruments

    November 30, 2017 04:30 pm JST
  • South Korea rate hike could spur action elsewhere in East Asia

    TOKYO -- With the Bank of Korea raising rates for the first time in more than six years, after the U.S. Federal Reserve tightened its policy, the pressure on central bankers elsewhere in East Asia to follow suit is intensifying.After nearly 10 years

    November 30, 2017 03:48 pm JST