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  • Sri Lanka struggles to build up foreign reserves

    HAMBANTOTA, Sri Lanka A South Korean ship unloads its cargo of cars at the Hambantota port, the only sign of life at Sri Lanka's newest harbor on its southern coast. The rest of this $1.4 billion port, built with a loan from the Export-Import Bank o

    April 13, 2017 10:00 am JST
  • Pakistan equities are buoyant ahead of MSCI index promotion

    LAHORE The Pakistan Stock Exchange emerged as Asia's best performing equity market and the fifth best in the world in 2016 as it boasted a total return of 45.7%. The market peaked at 50,192.4 points on Jan. 26, and fell back slightly in February and

    April 13, 2017 10:00 am JST
  • Political chaos grips Maldives as Yameen fights for survival

    COLOMBO -- "With the Grace of Allah, I continue to be a member of PPM and its sole elected president and leader," former Maldivian President Maumoon Abdul Gayoom said in a defiant tweet to his followers on March 26.Gayoom, 79, was referring to the P

    April 10, 2017 07:40 pm JST
  • Sujeev Shakya

    In South Asia, the time has come for border economic zones

    In South Asia, connectivity is seen as the prerogative of capital cities, ignoring people who live in border areas. Instead of finding ways of improving connectivity throughout the region, summits of the South Asian Association for Regional Cooperat

    April 10, 2017 05:00 pm JST
  • The internet poised to dethrone TV as ad king

    PALO ALTO, U.S. -- Television's reign as the dominant advertising medium appears near its end, as sellers increasingly reach out to consumers through mobile devices.The rise of smartphones provides a tailwind for spending on internet ads, which is e

    April 7, 2017 08:00 am JST
  • Pakistan bets on a Chinese development project, but debt looms

    ISLAMABAD Two international lending institutions and Pakistan's central bank have raised concerns about the debt burden of a huge China-led infrastructure program on the country's improving but still-fragile finances.Surging Chinese imports for the

    April 6, 2017 10:00 am JST
  • Hedge funds suffer money exodus

    TOKYO -- Once wielding powerful influence on global financial markets, hedge funds are losing customers as more investors shun their high fees amid poor returns.Hedge funds tracked by Eurekahedge saw fund outflows of $60.7 billion by the end of Febr

    April 6, 2017 09:00 am JST
  • Pakistan equities buoyant ahead of index reclassification

    LAHORE -- The Stock Exchange of Pakistan emerged as Asia's best performing equity market and the fifth best in the world in 2016 by providing a total return of 45.7%. The market then peaked at 50,192.4 points on Jan. 26, falling back slightly in Feb

    April 5, 2017 12:45 pm JST
  • Sri Lanka struggles to build foreign reserves

    HAMBANTOTA, Sri Lanka -- A South Korean ship unloads its cargo of cars at a terminal in Hambantota port, providing the only sign of life at Sri Lanka's newest harbor, sited on its southern coast. The rest of this $1.4 billion port, built with a loan

    April 3, 2017 04:10 pm JST
  • ADB scholarships help foster human resources

    TOKYO -- The Asian Development Bank -- which celebrated its fiftieth anniversary last year -- has provided investment and loans to help improve infrastructure in the Asia-Pacific region, as well as fostered human resources in member countries.Since

    April 3, 2017 08:00 am JST
  • The Asian-American community reacts

    Donald Trump's anti-immigrant rhetoric and sweeping proposals have stirred reactions from the Asian-American community. Here is what experts are saying.Aamina AhmedRaised in both the U.S. and Pakistan, Aamina Ahmed worries about the consequences of

    March 30, 2017 10:00 am JST
  • The Asian-American community reacts

    Donald Trump's anti-immigrant rhetoric and sweeping proposals have stirred reactions from the Asian-American community. Here is what experts are saying.Aamina AhmedRaised in both the U.S. and Pakistan, Aamina Ahmed worries about the consequences of

    March 30, 2017 10:00 am JST
  • Nepal Maoists roll out red carpet for foreign investors

    KATHMANDU -- When Nepalese Maoists launched an armed insurgency in 1996, one of their targets was Pepsi, a multinational brand owned by PepsiCo of the U.S. On Feb. 16 that year, party members detonated a petrol bomb at a Pepsi plant on the outskirts

    March 28, 2017 08:20 pm JST
  • Pakistan wrestles with growing 'Chinese corridor' debt

    ISLAMABAD -- Two international lending institutions and Pakistan's central bank have raised concerns about the debt burden of a huge China-led infrastructure program on the country's improving but fragile finances.Surging Chinese imports for the ini

    March 27, 2017 11:00 am JST
  • Cross-border Labor Race

    Japan moves gingerly toward accepting immigrants

    TOKYO -- When a Bangladeshi man Hakim Md. Nasirul and his friends turned a house they had bought in a residential area in the city of Chiba into a mosque four years ago, it raised eyebrows in the neighborhood.Faced with these suspicions, the 48-year

    March 26, 2017 01:00 pm JST
  • Sujeev Shakya

    Hindu nationalism could hinder modern development

    On March 19, Nepal's Rastriya Prajatarntra Party, which represents former royalists in what used to be the world's only Hindu monarchy, offered an amendment to remove the word "secular" from the constitution. This came just two days after India's ru

    March 22, 2017 03:00 pm JST
  • Sri Lanka finance minister pledges fiscal discipline

    HONG KONG -- After a warning from the International Monetary Fund about its thin foreign-currency reserves, the Sri Lankan government has pledged its commitment to strong fiscal discipline in line with conditions stipulated for a bailout by the Wash

    March 17, 2017 01:30 am JST
  • Maldives' sovereign bond offer tests economic prospects

    COLOMBO -- In an apartment block facing Colombo's coast, members of the large Maldivian diaspora in the Sri Lankan capital are discussing economic developments at home. The latest topic: a decision by the government of President Abdulla Yameen to fl

    March 16, 2017 03:50 pm JST
  • Interview

    The 'Asian Netflix' takes on the pirates

    SINGAPORE -- Patrick Grove, chairman and co-founder of Sngapore-based internet-TV startup iflix, has developed a straightforward way to see what Asian consumers want to watch, but are not able to: Just look at what they are stealing."[Piracy happens

    March 7, 2017 02:45 pm JST
  • Japan's YKK to take on Chinese rivals in low-end zipper segment

    TOKYO -- In a stark contrast to most Japanese companies' modus operandi, zipper behemoth YKK is looking to expand into the low-end market segment to compete with Chinese rivals head on.Chairman and CEO Tadahiro Yoshida revealed the goal of spending

    March 3, 2017 06:30 am JST