Australia unveils gas reservation system aimed at lowering domestic prices

CANBERRA -- The Australian government on Thursday announced a plan that will require east coast gas producers to reserve a portion of their supply -- equivalent to 20% of their exports -- for the domestic market with the goal of lowering prices for local users and easing shortfalls in the country's southeast.


Japan energy crises and the importance of having a Plan B

TOKYO -- As Japan faces its worst energy crisis since the 1970s due to the Iran war, a look back at how it weathered the last storm -- on the shoulders of a headstrong prime minister and finance minister and with a solid Plan B in hand -- could offer some lessons.


US trade complaint triggers Vietnam piracy crackdown: 5 things to know

HO CHI MINH CITY -- The U.S. released a report on intellectual property abuse last week, reserving its harshest label for just one country: Vietnam.


AI threatens India's software exporters and the middle class it built

BENGALURU -- In the mid-1990s, dinner table conversations at Rajdeep Palchowdhury's one-bedroom tenement in the eastern Indian city of Kolkata often revolved around his future. Almost every time, his parents concluded that he ought to work in software.


MediaTek launches Taiwan's most advanced data center to maintain AI edge

MIAOLI, Taiwan -- MediaTek, the world's leading mobile chip developer, is building Taiwan's most advanced AI data center, as chipmakers increasingly invest in artificial intelligence infrastructure to maintain their technology edge.


Philippines urges ASEAN to strengthen crisis coordination amid Iran war

CEBU, Philippines -- ASEAN needs to strengthen its crisis coordination in the face of the outsized impact of the global energy crisis on the Southeast Asian bloc's members, Philippine Foreign Affairs Secretary Maria Theresa Lazaro urged as she opened two days of meetings of regional ministers and leaders.


Philippine GDP growth slows to 2.8% as Iran war batters economy

MANILA -- The Philippine economy grew 2.8% year on year in the January-March period, the government reported on Thursday, slowing from the previous quarter due to the impact of the conflict in the Middle East.


Malaysia grapples with securing real-time payments in the AI era

KUALA LUMPUR/SINGAPORE -- Malaysia's real-time payments system is entering a phase of greater complexity as artificial intelligence begins to take on a more active role in how money moves, raising concerns that fraud and systemic risks are evolving faster than safeguards.


Japan stocks surge 5% to new high on hopes for progress in US-Iran talks

TOKYO -- Japanese stocks leaped on Thursday morning as optimism grew around Iran and the U.S. possibly nearing an agreement to end their war.


Japan stocks surge to new high amid potential deal to end Iran war

TOKYO -- Japanese stocks leaped on Thursday morning as optimism grew around Iran and the U.S. possibly nearing an agreement to end their war.