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  • Indian factory activity tanks as the GST gets underway

    NEW DELHI Indian manufacturing activity slowed sharply in July, as the introduction of a much-heralded goods and services tax caused confusion for companies and consumers alike.The Nikkei India Manufacturing Purchasing Managers' Index dropped to 47.

    August 10, 2017 10:00 am JST
  • Angel Gurria: Making the digital age work for ASEAN

    Southeast Asia is one of the world's most dynamic regions, with vast endowments of natural resources, an increasingly diversified economy, an expanding middle class and growing global influence. With the launch of the ASEAN Economic Community in 201

    August 10, 2017 10:00 am JST
  • ASEAN AT 50: Nicholas Farrelly

    Time for idealism is over in ASEAN

    The Association of Southeast Asian Nations will celebrate its 50th birthday in August with much backslapping and bonhomie. In recent decades, its 10 members have prospered, leaving behind the dark shadow of the Cold War when battles raged on almost

    August 10, 2017 10:00 am JST
  • ASEAN AT 50: Frederic Neumann

    At 50, ASEAN is still punching below its weight

    It is easy to dismiss the Association of Southeast Asian Nations as another international talking shop. But that would be a mistake. Over the last five decades, the organization has brought stability to a region all too often riven by tension and st

    August 9, 2017 10:00 am JST
  • Indonesia resumes ore exports in policy reversal

    JAKARTA -- Aneka Tambang, a state-owned mining company central to Indonesian efforts to develop value-added commodity sectors, has resumed exports of raw nickel and bauxite to fund its downstream projects.The move comes after the Energy and Mineral

    August 9, 2017 09:30 am JST
  • Mori Building has lofty ambitions for Asian skylines

    TOKYO -- Japan's Mori Building will construct a skyscraper in Southeast Asia in its first foray abroad in nearly a decade, even as it works on an ambitious project at home to help draw global finance firms to Tokyo.The developer will build a 266-met

    August 9, 2017 03:49 am JST
  • Daikin's profit hits fresh high on overseas strength

    OSAKA -- Daikin Industries' net profit rose 4% on the year to 50.9 billion yen ($461 million) for the three months ended June 30, a fourth consecutive record high for the quarter, as aggressive expansion abroad continued to bear fruit.The Japanese a

    August 9, 2017 12:45 am JST
  • Bangladesh power giant wants $1bn to fund expansion drive

    SINGAPORE -- Bangladesh's largest conglomerate, Summit Group, wants to raise at least a billion dollars on the international capital markets over the next two to four years to fund the expansion of its power business at home and abroad. Central to t

    August 9, 2017 12:11 am JST
  • Go-Jek buys Indonesian event management startup

    JAKARTA -- Go-Jek on Tuesday said it is acquiring Indonesian ticketing management startup Locket for an undisclosed amount as the company known for its ride-hailing app continues to diversify beyond that highly competitive sector.Go-Jek's smartphone

    August 8, 2017 08:12 pm JST
  • ASEAN AT 50

    Ever-adaptable ASEAN confronts new tests

    BANGKOK -- On Aug. 9, 1967, The New York Times reported the signing of the Bangkok Declaration to inaugurate the Association of Southeast Asian Nations. The brief, 80-word article on the declaration -- inked the previous day by five founding foreign

    August 8, 2017 04:06 pm JST
  • ASEAN AT 50: Mahathir bin Mohamad

    ASEAN is more than it may seem

    The world widely assumed that the Association of Southeast Asian Nations was an economic community like the European Economic Community when it came into being. It may look as if it is a regional economic grouping. But that was not the purpose behin

    August 8, 2017 10:00 am JST
  • US, Japan, Australia urge ASEAN to 'maximize pressure' on North Korea

    MANILA -- U.S., Japan and Australia on Monday urged the Association of Southeast Asian Nations to exert more pressure on North Korea over its nuclear ambitions and to make sure a planned code of conduct for maritime disputes is legally binding.In a

    August 8, 2017 12:11 am JST
  • Online wholesaling lets SE Asian food shops cut out middlemen

    TOKYO -- Online platforms are revolutionizing how farmers supply produce to mom-and-pop businesses across Southeast Asia, letting both parties bypass shadowy intermediaries who often offer less than the best in prices and quality.Buying high, sellin

    August 7, 2017 04:21 pm JST
  • ASEAN, Japan, China, South Korea agree to bolster financial cooperation

    MANILA (Kyodo) -- Foreign ministers from the 10 Association of Southeast Asian Nations members plus Japan, China and South Korea agreed Monday they will bolster financial cooperation to promote economic stability in the region.This year marks the 20

    August 7, 2017 03:23 pm JST
  • Indonesia's economic growth misses estimates

    JAKARTA -- Indonesia's economic growth in the second quarter came in slightly lower than expectations due to weakness in household and government spending.The Central Statistics Agency on Monday said gross domestic product increased 5.01% year on ye

    August 7, 2017 02:35 pm JST
  • ASEAN AT 50: William Pesek

    ASEAN's awkward midlife crisis

    Trouble is brewing in the ranks of the Association of Southeast Asian Nations as Asia's only real economic grouping turns 50. Its midlife crisis will be hidden from view come November, when leaders of the 10 nations gather in Manila. There, they wil

    August 7, 2017 10:00 am JST
  • Securing land still a problem for Indonesia rail project

    JAKARTA -- Indonesia is facing major delays in securing the necessary land for a planned high-speed railway, raising questions over whether Beijing should take the lead instead or if the railway will be finished at all.The rail link, which would run

    August 7, 2017 09:48 am JST
  • Chemicals sector grows fastest in July's Asia PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for July showed output growth in 15 of the 19 sectors monitored.Chemicals (54.7) marked the sharpest growth, followed by healthcare services (54.0) and beverages and food (53.8).On

    August 7, 2017 09:30 am JST
  • China looms ever larger over ASEAN as US steps back

    The Association of Southeast Asian Nations, which turns 50 on Tuesday, has seen its fair share of geopolitical changes, but the uncertainties of U.S. foreign policy under President Donald Trump make Chinese influence over the region more pervasive.A

    August 7, 2017 04:26 am JST
  • ASEAN alarmed by China's militarized South China Sea islands

    MANILA -- Southeast Asian countries have expressed concern over China's militarized artificial islands in the South China Sea but have reserved their opinions on whether a code of conduct for the disputed waters should be legally binding.Foreign min

    August 7, 2017 01:42 am JST