DHAKA -- Rising global geopolitical tensions underscore the need for stronger regional cooperation to address economic and security challenges, the chief of a bloc involving seven South and Southeast Asian countries said.
Japanese expats being sent home from Thailand as employers cut costs
BANGKOK/TOKYO -- Japan in recent years has dramatically reduced its expatriate presence in Thailand as it strives to remain competitive in an economy made tougher by China's growing presence, the strong baht and slow growth .
ICC confirms arrest warrant issued for Duterte ally over drug war
MANILA -- The International Criminal Court confirmed Monday night that it has issued an arrest warrant for Philippine Sen. Ronald Dela Rosa, accusing him of acting as a co-perpetrator in ex-President Rodrigo Duterte's antidrug campaign.
Japan's NEC seeks edge in undersea cable with high-capacity fiber
TOKYO -- Japan's NEC is looking to hone its undersea cable technology to secure a bigger share of a critical market for international telecommunications, with plans to invest more than 100 billion yen ($636 million) in the submarine cable business over five years.
Why Mitsubishi Electric won't follow Hitachi by selling appliance arm
TOKYO -- Hitachi's move to divest its consumer appliance business amid restructuring triggered speculation that Mitsubishi Electric might follow suit. But Mitsubishi Electric, which sees the sector as a key point of contact with consumers, has made clear that it has no such plans.
Japan space startups to train engineers from India, Philippines, Indonesia
TOKYO -- The Japan International Cooperation Agency will launch a program in which Japanese startups train space industry professionals from developing nations including India, the Philippines and Indonesia, Nikkei has learned.
Panasonic EV battery production delayed again as customer order stalls
OSAKA -- A Panasonic Holdings unit has postponed mass production of a new electric vehicle battery once again while it waits for a major customer to place its order.
From stigma to listing: F88 brings Vietnam pawnshops into the mainstream
HANOI -- When Phung Anh Tuan was a 20-year-old university student two decades ago, he ran out of cash to pay staff at a cybersecurity startup. A bank loan was out of reach on such short notice, so he walked into a pawnshop, pledged what he had and borrowed enough to keep the business going.
Major Japanese university to avoid alternative assets in $3bn endowment
TOKYO -- The Institute of Science Tokyo will set up an endowment fund that aims to achieve a 5% annual return from a portfolio of traditional assets, planning to eventually reach 500 billion yen ($3.18 billion) in assets under management.
Honda and Toyota see sharp Chinese sales drops as competition heats up
GUANGZHOU -- China sales for Honda Motor and Toyota Motors dropped sharply in April as local competition heats up and higher fuel prices discourage buyers.