International court backs Pakistan's position on Indus Waters Treaty

ISLAMABAD -- An international court has upheld Pakistan's plea against India's pondage at two hydroelectric projects in the New Delhi-administered Kashmir region, reinforcing Islamabad's position on the Indus Waters Treaty, a water-sharing agreement between the two neighbors, which India unilaterally declared it would suspend last April.


SkyeChip soars in IPO at open as Malaysia bets on chip design

KUALA LUMPUR -- SkyeChip became the first Malaysian chip design company to debut on Bursa Malaysia on Wednesday, positioning itself at the center of Malaysia's push to move up the semiconductor value chain, as demand grows for artificial intelligence chips and data centers.


Vietnam unveils AI law regulating ChatGPT-like tools

HO CHI MINH CITY -- Vietnam has enacted a law regulating artificial intelligence, becoming one of the first countries to set comprehensive rules for tools from companies such as OpenAI and Anthropic.


Chinese complaint highlights 'widespread' Indonesia business concern

JAKARTA -- A protest letter from a major Chinese lobby group to Indonesian President Prabowo Subianto has cast a spotlight on rising investor concerns about the business climate in Southeast Asia's largest economy.


Japan's big cities lose luster with foreign tourists

TOKYO -- More foreign tourists in Japan are visiting areas outside of major cities, with three of the most popular urban centers as a whole logging a decline in overnight stays while everywhere else has gotten a boost.


US reveals case against Chinese shipping container 'cartel' after Trump-Xi summit

NEW YORK -- The U.S. has charged seven Chinese executives and four of the world's largest makers of shipping containers with conspiring to restrict supply and raise prices during the COVID-19 pandemic.


Japan's DBJ eyes longer investment horizon to support reshoring

TOKYO -- The government-backed Development Bank of Japan aims to provide 3 trillion yen ($18.9 billion) in risk capital to businesses over the next five years, while taking a longer view to meet funding needs for supply chain shifts and industry consolidation.


Middle East energy crisis pushes India, Southeast Asia back toward coal

TOKYO -- The Strait of Hormuz disruption resulting from the Iran war has hit Asia the hardest, forcing affected countries to rethink energy strategy and revisit coal as an immediate solution, as climate change targets remain out of reach.


In Asia, geopolitics has moved onto the deal sheet

Steven Okun is CEO of APAC Advisors, a geostrategic consultancy based in Singapore. Derek Grossman is a professor of political science and international relations at the University of Southern California.


Indonesia's South China Sea fisheries get Japanese support

RANAI, Indonesia -- Japan is helping build up Indonesia's fishing industry in the South China Sea in a bid to strengthen the local economy and the Southeast Asian nation's ability to monitor maritime activity.