MANILA -- Davao Mayor and presidential daughter Sara Duterte on Thursday said she is not running for president in next year's election after her father agreed to run for vice president.

"Yes, I am not running for a national position, as we both agreed only one of us will run for a national position in 2022," the mayor told local news outlet ABS-CBN.

President Rodrigo Duterte on Wednesday accepted his ruling PDP-Laban party's nomination for vice president during a national convention

TOKYO -- Japanese financial group SBI Holdings said on Thursday it has decided to increase its stake in Shinsei Bank through a takeover bid. SBI already holds a stake of over 19% in the bank. Depending on Shinsei Bank's response, the TOB could turn hostile.

TOKYO -- At one of Nippon Steel's research laboratories, technicians spend their days slamming countless electric vehicles and hybrids into walls and other obstacles.

"Look at what happens to the center pillar," one lab tech says, analyzing the impact.

Despite the endless tests, there is no screech from twisted metal to be heard, no violent reverberations to be felt. This is because all the crashes take place within a virtual environment.

As the EV industry expands, so does the competition to find lighter materials that

MUMBAI -- Indian online education company Byju's has bought exam training startup Gradeup for an undisclosed amount in its fifth acquisition of the year, ramping up its push to into a rapidly growing market.

Byju's, which is backed by New York-based investment company Tiger Global, said the move would broaden its business, allowing it to offer online coaching in everything from postgraduate entrance exams to tests for jobs in banking or the government.

Demand for edtech, or educational technology, has been booming in India,

SINGAPORE -- A decade ago, Golden Gate Ventures was one of a clutch of investors invited by Singapore's National Research Foundation, a government agency responsible for nurturing research and development in the city-state, to set up venture funds to stimulate the startup industry.

This was before startups in the Association of Southeast Asian Nations received the level of attention from investors they enjoy today, with unicorns like Bukalapak, Grab and GoTo -- digital businesses each valued at over $1 billion -- demonstrating the entrepreneurial prowess of

TOKYO -- At one of Nippon Steel's research laboratories, technicians spend their days slamming countless electric vehicles and hybrids into walls and other obstacles.

"Look at what happens to the center pillar," one lab tech says, analyzing the impact.

Despite the endless tests, there is no screech from twisted metal to be heard, no violent reverberations to be felt. This is because all the crashes take place within a virtual environment.

As the EV industry expands, so does the competition to find lighter materials that

BANGKOK -- Myanmar's parallel National Unity Government (NUG) is trying to cultivate allies by stealth among the world's democracies, raising the stakes for the country's military regime, which is also seeking international recognition after overthrowing the country's democratically elected government in February.

A key test looms this month at the 76th U.N. General Assembly, where the world body's Credentials Committee, made up of nine countries, will decide who will occupy Myanmar's U.N

SINGAPORE -- Southeast Asian technology group Sea said on Thursday it would raise about $6.2 billion in new shares and note offerings in a major funding deal that would accelerate global expansion beyond its home turf.

Singapore-based Sea operates online gaming, e-commerce and digital financial services. Listed on the New York Stock Exchange, it is now valued at over $180 billion, by far the largest among Southeast Asia's listed companies.

According to the announcement, Sea plans to offer 11

SHANGHAI/NEW DELHI/ISTANBUL -- Foreign companies active in Afghanistan face prolonged uncertainty as the new Taliban caretaker government grapples with a financial crisis and international reluctance to offer help.

Since the Taliban seized power last month, at least 10 publicly listed companies in China have expressed hope that they will be able to participate in mining or infrastructure projects in Afghanistan, but they linked doing business to political and diplomatic developments.

Businesses that had traded with Afghanistan or worked in the country under the previous U.S.-backed