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  • Cover story

    'Social enterprises' rise in Asia amid skepticism

    BANGALORE -- Wearing blue surgeon's scrubs as he chats with a heart patient from Bangladesh, Dr. Devi Shetty hardly looks like a typical corporate chairman. But there is little about Shetty and the hospital group he founded, Narayana Health, that is

    December 27, 2017 04:00 pm JST
  • Philippines' Smart boosts recruitment by bringing tech to schools

    MANILA -- In 2002, Smart Communications, a wireless unit of Philippine telecom leader PLDT, was facing an exodus of engineers. Every month, an average of 75 staffers were resigning to work abroad, where salaries and benefits could be five times what

    December 27, 2017 04:00 pm JST
  • Nikkei Asia300 Index falls as Singapore rig builders, Apple suppliers decline

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Tuesday, weighed by losses in Singaporean rig builders following a corruption probe. Apple suppliers declined amid concerns over slowing demand for the iPhone X.The Nikkei Asia300 Index dropped

    December 26, 2017 08:08 pm JST
  • Comment

    QE unwinding is more dangerous than it appears

    At the end of November, South Korea raised interest rates for the first time in six years.South Korea is one of many emerging markets where central banks quietly piggybacked on unconventional monetary policy implemented by central banks in developed

    December 26, 2017 02:40 pm JST
  • Economic picture brightens for ASEAN and India toward 2018

    In the most recent quarterly survey of major economies in Asia by The Japan Center for Economic Research and the Nikkei, economists were mostly upbeat, with growth forecasts rising toward 2018. India's expansion is expected to pick up as it shakes o

    December 26, 2017 09:58 am JST
  • Upstart Hong Kong insurer FWD seeks 'pan-Asian' reach

    HONG KONG -- Insurance company FWD Group has made impressive inroads across Asia in just half a decade, pairing an aggressive acquisition strategy with a technology-focused approach aimed at tapping the region's young and growing middle class.Hong K

    December 24, 2017 12:00 pm JST
  • Storm leaves 120 dead, 160 missing in southern Philippines

    ZAMBOANGA, Philippines (AP) -- A tropical storm in the southern Philippines unleashed flash floods that swept away people and houses and set off landslides, reportedly leaving more than 120 people dead and 160 others missing, officials said.Most of

    December 24, 2017 11:17 am JST
  • Philippine President Duterte's approval rating rebounds sharply

    MANILA -- Philippine President Rodrigo Duterte's approval rating rebounded sharply in the final quarter of the year, after falling in the previous quarter, a survey released Friday by local pollster Social Weather Stations found.According to the sur

    December 24, 2017 08:00 am JST
  • Nearly 90 dead in Philippine mudslides, flooding as storm hits - officials

    MANILA (Reuters) -- A tropical storm in the Philippines triggered mudslides and flooding that killed nearly 90 people, while dozens are missing, police and disaster officials said on Saturday.The casualties, most of them inflicted late on Friday, we

    December 23, 2017 03:29 pm JST
  • Nikkei Asia300 Index posts weekly gains on US tax optimism

    NEW DELHI (NewsRise) -- Asian stocks outside of Japan rose Friday to end the week higher, as global markets cheered the passage of a U.S. tax reform bill by Congress.The Nikkei Asia300 Index rose 0.7% to 1,397.39 on Friday, climbing 1.4% for the wee

    December 22, 2017 08:47 pm JST
  • Rising Asia tensions push Japan's defense budget to record high

    TOKYO -- The looming threat of North Korea and China's increased military presence have prompted Japanese Prime Minister Shinzo Abe's cabinet to endorse the country's largest-ever annual defense budget, starting April 2018.Final cabinet approval of

    December 22, 2017 01:28 pm JST
  • Nikkei Asia300 Index edges lower, dragged by South Korean stocks

    NEW DELHI (NewsRise) -- Asian stocks outside of Japan edged lower, weighed by losses in South Korea after heavyweight Samsung Electronics posted its biggest single-day drop this month.The Nikkei Asia300 Index ended 0.1% lower at 1,388.Samsung Electr

    December 21, 2017 09:08 pm JST
  • Kawaii fashion heading to the Philippines

    TOKYO -- The operator of Tokyo Girls Collection, one of Japan's largest fashion events, in May will open a store in the Philippines.The boutique will open at Vertis North, a large commercial complex in Quezon City, Greater Manila. W Tokyo, the opera

    December 21, 2017 02:00 pm JST
  • Philippine tax reform will add to Duterte's infrastructure war chest

    MANILA The Philippines has paved the way for a massive infrastructure program, as parliament on Dec. 13 formally approved the first phase of President Rodrigo Duterte's tax reforms.The country's Senate and House of Representatives ratified a reconci

    December 21, 2017 10:00 am JST
  • When it comes to rate hikes, Asia still follows the US lead

    TOKYO China's central bank followed suit almost immediately after the U.S. Federal Reserve raised rates for the third time this year, a sign that American monetary policy still generally drives monetary policy in Asia.Just hours after the Fed rate i

    December 21, 2017 10:00 am JST
  • Singtel is on the hunt for digital opportunities

    SINGAPORE Singapore Telecommunications is leading a group of six major Asia-Pacific telecommunication operators as it goes on the hunt for opportunities to cooperate with -- and possibly invest in -- digital businesses. Arthur Lang, who became chief

    December 21, 2017 10:00 am JST
  • China Telecom aims to set up services in the Philippines

    MANILA A possible bid by China Telecom to break the Philippines' telecommunications duopoly has excited potential local partners, but it has also stirred security concerns.China Telecom has been endorsed by the Chinese government to invest in the $5

    December 21, 2017 10:00 am JST
  • Nikkei Asia300 little changed after Wall Street pulls back

    NEW DELHI (NewsRise) -- Asian stocks outside of Japan ended little changed on Wednesday after U.S. equity indexes retreated from record highs overnight.The Nikkei Asia300 fell 0.03% to 1,389.34.Wednesday's tepid trade in Asia came as investors appea

    December 20, 2017 08:34 pm JST
  • Philippines' PLDT readies 'historic' spending as China Telecom looms

    MANILA -- Philippine telecommunications leader PLDT is preparing a "historic" capital expenditure of nearly 50 billion pesos ($992.4 million) next year to upgrade its fixed-line and wireless infrastructure, CEO Manuel Pangilinan said on Wednesday, a

    December 20, 2017 08:34 pm JST
  • Gains from Duterte's tax reform to fall short of spending

    MANILA -- President Rodrigo Duterte on Tuesday signed a 2018 spending plan centered on massive infrastructure build-out as well as a tax reform program to partly fund his populist budget.Duterte's administration plans to spend a record 3.8 trillion

    December 19, 2017 09:10 pm JST