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  • Ousted prime minister's brother set to take reins of power in Pakistan

    ISLAMABAD -- Shahbaz Sharif, the chief minister of Punjab, Pakistan's largest province, is expected to replace his ousted elder brother Nawaz Sharif as Pakistan's prime minister in a power transition that could calm investor jitters ahead of a sched

    July 30, 2017 01:53 pm JST
  • Japan consortium to build power station, port in Bangladesh

    TOKYO -- A consortium comprising five Japanese companies, including trader Sumitomo Corp., IHI, Toshiba and Penta-Ocean Construction, will build an advanced coal-fired power plant and a port in Bangladesh.The Japan International Cooperation Agency w

    July 30, 2017 02:00 am JST
  • Multinationals in Asia

    Unilever sees growth in bottom and top of Asian economic pyramid

    TOKYO/YANGON/MUMBAI -- At a small shop tucked into a residential neighborhood of Yangon, one peculiar set of items has emerged as a hit seller among the snacks and household staples on offer: single-use pouches of Unilever shampoo, which dangle from

    July 29, 2017 02:30 pm JST
  • Pakistan PM Sharif resigns after Supreme Court order to disqualify him -- statement

    ISLAMABAD (Reuters) -- Pakistan Prime Minister Nawaz Sharif on Friday resigned from his post, his office said, hours after the country's Supreme Court disqualified him over corruption claims against his family.The Supreme Court said Sharif is not fi

    July 28, 2017 11:08 pm JST
  • Panama Papers sink Sharif, casting pall on Pakistan's markets

    ISLAMABAD -- The Pakistani Supreme Court's decision to topple Prime Minister Nawaz Sharif over his family's offshore wealth has investors bracing for more turbulence.Under character-related clauses in Pakistan's constitution, Sharif was disqualified

    July 28, 2017 06:04 pm JST
  • Pakistan's top court disqualifies PM Sharif from office

    ISLAMABAD (Reuters) -- Pakistan's top court on Friday disqualified Prime Minister Nawaz Sharif from office after a damning corruption probe into his family wealth, cutting short his third stint in power.The Supreme Court dismissed Sharif after an in

    July 28, 2017 04:38 pm JST
  • Pakistan's Sharif probe keeps investors wary ahead of verdict

    KARACHI -- Investors in Pakistan are nervously awaiting a Supreme Court ruling on Friday that will decide the fate of Prime Minister Nawaz Sharif. Depending on the verdict in a corruption case related to his family's wealth, the prime minister could

    July 28, 2017 04:03 pm JST
  • Hashtag Travelers

    Three Asian destinations where adventure is on the agenda

    Today's Asian traveler is increasingly venturing off the beaten path and seeking out more immersive and adventure-packed experiences. Here are three destinations that will take you out of the tour bus and into a world of exploration.Underground allu

    July 24, 2017 11:00 am JST
  • EU boost not enough to revive Sri Lanka garment industry

    COLOMBO -- Despite a recent move by the European Union to restore Sri Lanka to its highly favorable Generalized System of Preferences Plus program, the country will find it hard to catch up with Bangladesh, which has powered ahead in textile and app

    July 24, 2017 08:00 am JST
  • Bangladesh tax reform stalls amid tough opposition

    DHAKA -- On the day that neighboring India launched its biggest tax reform in 70 years, the stage was set for Bangladesh to do the same, introducing a new value added tax system.But in the face of strong opposition from business and political lobbyi

    July 21, 2017 10:24 pm JST
  • Three Asian destinations where adventure is on the agenda

    Today's Asian traveler is increasingly venturing off the beaten path and seeking out more immersive and adventure-packed experiences. Here are three destinations that will take you out of the tour bus and into a world of exploration.Underground allu

    July 20, 2017 10:00 am JST
  • Beijing's Belt and Road ambitions rekindle Sino-Indian row

    NEW DELHI -- The latest armed border standoff between India and China, now entering its second month, traces its roots to tensions over the latter's Belt and Road infrastructure initiative.Starting in mid-June, both sides have deployed troops on the

    July 20, 2017 07:02 am JST
  • Philippines, Pakistan help motorcycle makers avoid the skids

    TOKYO/MANILA -- The Philippines and Pakistan have become bright spots in Asia's motorcycle market, helping to offset slowdowns in other key countries.Despite a population of 100 million, the Philippines' motorbike market is less than half that of Vi

    July 14, 2017 02:15 pm JST
  • Kawasaki Heavy, Mitsubishi seen landing Dhaka train deals

    TOKYO -- Kawasaki Heavy Industries and Mitsubishi Corp. are expected to win orders for train cars and related equipment in Bangladesh as part of the Japanese government's official development assistance program.The contracts for just over 100 rail c

    July 13, 2017 06:21 am JST
  • Brahma Chellaney

    China's Bhutan land grab aims at bigger target

    China honed its "salami slicing" strategy in the Himalayan borderlands with India in the 1950s, when it grabbed the Switzerland-sized Aksai Chin plateau by surreptitiously building a strategic highway through that unguarded region.Aksai Chin, part o

    July 11, 2017 02:57 pm JST
  • Nepal seeks unity from its first local elections in 20 years

    BIRATNAGAR, Nepal Nearly 200 men and women stood in line outside a high school in the eastern city of Biratnagar at 6:50 a.m. on June 28, waiting for the start of voting in Nepal's first local elections since 1997."I have wanted to choose local lead

    July 6, 2017 10:00 am JST
  • Nepali tea producer soaks up new interest from Europe

    KATHMANDU -- The political unrest halting tea production since June in India's Darjeeling region has European buyers looking toward Himalayan Shangri-La Tea Producers, a company in neighboring Nepal."French and British tea buyers have visited us to

    July 4, 2017 12:56 am JST
  • Comment

    Philanthro-capitalism sprouts in South Korea

    TOKYO -- Mezzanine I-Pack is a South Korean company located within a 10-minute drive from the Demilitarized Zone on the Korean Peninsula. It is based in the city of Paju and faces the heavily fortified border with North Korea, and when I recently vi

    July 2, 2017 01:00 pm JST
  • Fujifilm, Terumo train future customers in emerging markets

    TOKYO -- Japanese medical device suppliers like Fujifilm and Ship Healthcare Holdings are training medical professionals in emerging markets to handle equipment they hope to sell in greater numbers.Fujifilm is active in the Middle East, educating do

    June 30, 2017 05:05 am JST
  • Nepal seeks unity from first local election in 20 years

    BIRATNAGAR, Nepal -- Nearly 100 men and 100 women stood in their lines outside a higher secondary school in this eastern city at 6:50 a.m. Wednesday, just 10 minutes before the start of voting hours in Nepal's first local elections since 1997."I had

    June 29, 2017 01:00 pm JST