China's property crisis hits small regional banks harder than big players
HONG KONG -- China's property crisis is taking a particularly heavy toll on small banks in low-growth provinces, as bad debts to developers erode their finances.
Development asian news
U.S., U.K. and Australia discuss AUKUS tech cooperation with Japan
SYDNEY -- The defense chiefs of Australia, the U.S. and the U.K. are considering cooperation with Japan on Pillar II of the AUKUS security framework designed to counter China's rise, according to a new statement.
Gold looks 'very vulnerable' to a setback, veteran advisor says, after prices hit record high
Gold prices on Monday extended their record-breaking run, notching another all-time high amid robust U.S. economic data and elevated geopolitical tensions.
TSMC expands Japan college collaboration amid worker shortage concern
KUMAMOTO, Japan -- Taiwan Semiconductor Manufacturing Co., the world's biggest contract chip maker, has expanded collaboration with Japanese universities amid growing concern over a shortage of workers for its brand-new chip factory in Kumamoto.
AUKUS partners U.S., U.K. and Australia discuss cooperation with Japan
SYDNEY -- The defense chiefs of Australia, the U.S. and the U.K. are considering cooperation with Japan on Pillar II of the AUKUS security framework designed to counter China's rise, according to a new statement.
Sri Lanka turns to China for more investment help but move unlikely to strain ‘strong’ ties with India, US
Sri Lanka has limited options but to turn to China for help in financing massive infrastructural projects, but the move is not expected to become a debt trap for the island nor affect its relations with India and the United States.
First ‘Allah’ socks, now outrage over shoes as Malaysia’s Islamists drive outcry
Vern’s, a high-street shoe brand in Malaysian shopping centres, has been thrust into the dangerous cross hairs of the nation’s conservative-driven cancel culture, which critics say is over-the-top, divisive and used cynically by Islamist parties seeking political gain in the Muslim-majority country.
Toyota will oversee model certification at subsidiary Daihatsu after safety testing scandal
TOKYO (AP) — Japanese automaker Toyota will oversee model certification at its subsidiary Daihatsu to regain trust among dealers, customers and workers after a safety testing scandal, Daihatsu’s new president said Monday.