Indonesian president Joko Widodo’s new $178 billion budget prioritizes physical infrastructure development in hopes of propelling Indonesia into the G-7, Nikkei reports.
Southeast Asia is proving to be a hotbed for China's Belt and Road Initiative according to two new reports, with Indonesia, Cambodia, Singapore, and Vietnam topping the list of countries with the most contracts and investment out of an estimated $11 billion in the region overall in the first half of 2019, Nikkei reports.
Indonesian president Joko Widodo has formally proposed to move the country's capital to Borneo. However, critics question the feasibility of developing a new capital city while the country simultaneously pursues Widodo's signature $400 billion infrastructure plan, which centers mainly in Java, Nikkei reports.
While Belt and Road Initiative infrastructure projects have sparked concerns in recipient countries, the shift of Chinese manufacturing overseas has been embraced when it comes with technology transfer and job creation for locals, Nikkei reports.
As Huawei is in hot water in the U.S for security concerns, experts warn that other surveillance companies pose similar risks through utilizing surveillance technologies, such as Chinese facial recognition trailblazer SenseTime, reports Nikkei.
While the U.S. has raised concerns over China’s port investments under its Belt and Road Initiative, Chinese analysts argue that the developments are driven by logistical concerns as China pursues the same maritime policies as other trading nations, rather than military motivations, Nikkei reports.
A proposed $10 trillion "Development Green New Deal" recently put forward in the U.S. would fund green infrastructure projects in Asia and elsewhere that could compete with China's Belt and Road Initiative, Nikkei reports.
In a push to showcase their global economic reach and drive infrastructure development, India and Indonesia are beginning to advertise bids for the 2032 Olympics, Nikkei reports.
India needs an estimated $700 billion to repair and upgrade its basic infrastructure by 2022 to sustain economic development, Nikkei reports.
The China National Nuclear Corp. finished structural work for the Hualong One nuclear reactor in the Pakistani city of Karachi this June. Chinese President Xi Jinping hopes to install similar nuclear technology at more locations along the Belt and Road Initiative, with 30 units by 2030, which is estimated to create 5 million jobs and provide a total economic boost of $145 billion, Nikkei reports.
As the smartphone market struggles, Huawei, Samsung, and Apple compete to dominate the race to 5G. Though one of the challenges for these companies is that 5G smartphones require strong 5G infrastructure, which in the immediate future isn't available in all countries, reports Nikkei.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.
Germany lowered its national maximum foreign investment threshold from 25 to 10 percent in December, in part due to rising concerns over growing Chinese investment in digital and other infrastructure across Europe.
As Russia and China sign economic agreements and deepen their ties, they will also have to work through friction caused by China’s economic advancement under the Belt and Road in Central Asia, Nikkei reports.
An Australian and U.S. consortium are in exclusive talks to renovate the Subic Bay shipyard in the Philippines, a former U.S. naval base that opens up to the South China Sea, allaying fears over national security that were triggered by Chinese interest in acquiring the port, Nikkei reports.
Malaysia has relaunched the East Coast Rail Link after re-negotiations with China led to The Export Import Bank of China backing 85% of the cost. The project price is now $11 billion, a third of the original expected amount, reports Nikkei.
China's National People's Congress' new foreign investment law could pave the way for China to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and allow China to increase the Belt and Road Initiative's footprint in signatory countries, Nikkei reports.
A senior Pentagon official has suggested that China may be developing a military presence at Ream naval base in Cambodia, raising concerns that the port and other investments related to China's Belt and Road Initiative could create potential military advantages, Nikkei reports.
Despite infrastructure development and employment opportunities generated under the Belt and Road Initiative, there are growing concerns and anti-Chinese sentiment among Cambodians, especially after the collapse of a Chinese-funded apartment construction project that left 28 dead on June 22, 2019, reports Nikkei Asian Review.
The Malaysian government has seized $243 million from a Chinese state-backed company planning two pipeline projects, on grounds that the payments were made under the prior administration of Najib Razak. Mahatir had promised to review any projects authorized by Najib, and reclaim any funds potentially linked to corruption or poor management.
The Asian Infrastructure Investment Bank (AIIB) is courting private sector investors to jointly fund infrastructure projects, Nikkei reports.
The Asian Infrastructure Investment bank will begin lending in local-currencies in India, Indonesia, Thailand, Turkey, and Russia. The move mitigates the risks foreign exchange fluctuations pose to private-sector companies investing in emerging markets' infrastructure, reports the Nikkei Asian Review.
A company in Thailand has formed a consortium with China Railway Construction to build a $7.3 billion high-speed railway, Nikkei reports.
India is assessing the security of Chinese firm Huawei's telecommunications equipment as it builds a national 5G network. Despite Huawei's assurances, Indian officials remain worried that the firm's close ties to the Chinese government could allow Chinese intelligence services to exploit vulnerabilities in its technology, reports Nikkei.
Japan will announce a new plan for Mynamar's Dawei special economic zone that focuses on building a port that will export to India. The proposal comes as China is building and financing Kyaukphyu port, increasing its economic influence in the country, reports Nikkei.
In a meeting with Xi Jinping in Beijing on Tuesday, Turkey's Prime Minister, Recep Tayyip Erdogan, expressed interest in deepening cooperation with China on its Belt and Road Initiative, including in the areas of infrastructure and defense in Central Asia and Africa, Nikkei reports.
The freight unit of Germany's state-owned railroad group Deutsche Bahn plans a major increase in capacity for China-bound shipments, counting on continued support for overland transport under China's Belt and Road connectivity project, reports Nikkei Asian Review.
On the sidelines of the Group of 20 Summit in Osaka, Prime Minister Narendra Modi held a trilateral meeting with U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe to discuss areas for cooperation on connectivity and infrastructure in the Indo-Pacific, Nikkei reports.
Government-backed lenders in Japan, the U.S., and Australia plan to issue a statement on their joint infrastructure efforts, including possible joint-financing for an liquefied natural gas terminal in Papua New Guinea. The three countries agreed in November to collaborate on infrastructure projects in the Indo-Pacific as an alternative to China's Belt and Road initiative, according to the Nikkei Asian Review.
Cambodia's real estate sector is facing scrutiny after a construction project being developed under China's Belt and Road Initiative collapsed. The Cambodian Prime Minister Hun Sen announced that an investigation will take place, but denied allegations linking the tragedy to heavy Chinese investment and ongoing corruption, reports the Nikkei Asian Review.
BRI 2.0 represents an opportunity for Southeast Asia to enter the next phase of growth. China's commitment to transparency could usher a new era of partnerships that benefit multiple parties, writes David Liao for Nikkei Asian Review.
The U.S.-China trade war has spurred ASEAN members to complete the negotiation of the Regional Comprehensive Economic Partnership (RCEP). The Asian leaders will also look to find areas of cooperation in digital infrastructure, reports Nikkei Asian Review.
China Telecom's future operations in the Philippines will be closely monitored by a government-operated cybersecurity platform, as the Chinese-led consortium prepares to launch third mobile carrier next year, reports the Nikkei Asian Review.
The U.S.-China trade war is leading China to develop standards for 5G and other connectivity technologies that may be incompatible with U.S. built standards, reports the Nikkei Asian Review.
Pakistan will slash spending on BRI projects in the next year as the government struggles to balance its finances. These budget cuts arrive amid growing recognition from Beijing of the complications involved with Pakistan and other nations incurring heavy debt to finance BRI projects, reports Nikkei.
Huawei's intellectual property chief has demanded Verizon Communications pay the Chinese firm for intellectual property licensing fees on network infrastructure and equipment, as well as "internet of things" technology, reports Nikkei.
Newly seated World Bank President David Malpass says the multilateral organization is working hard to ensure Beijing improves transparency in lending to countries involved in its Belt and Road Initiative, Nikkei reports.
Philippine President Rodrigo Duterte visited Japan last month, his third visit in less than three years. In Tokyo, Duterte collected close to $6 billion in bilateral investment deals, including infrastructure, reports the Nikkei Asian Review.
South Korea, the U.S. and Japan lead the rollout of 5G networks, but industry leaders say that applications designed to use the next-generation technology are years away, reports the Nikkei Asian Review.
Chinese and Russian enterprises signed roughly $20B in business deals in Moscow on Wednesday. Much of the deals focused on the energy sector and 5G mobile technology, reports the Nikkei Asian Review.
Japan's MUFG Bank will set up a $924.4 million fund - the largest-ever such fund by a Japanese bank - to invest in infrastructure projects overseas by the end of 2019. The fund will target renewable energy and transportation projects, reports the Nikkei Asian Review.
Rakuten, Japan's newest wireless carrier has chosen NEC Corp., a domestic supplier, to build out its 5G network as carriers in Japan and elsewhere shun equipment made by China's Huawei Technologies, reports the Nikkei Asian Review.
China's Ministry of Industry and Information Technology is expected to issue 5G licenses to the state-owned China Mobile, China Telecom, and China Unicom as early as this month, accelerating the country's 5G rollout, reports the Nikkei Asian Review.
At this week's Group of 20 meeting in Japan, finance ministers and central bankers are expected to sign sustainable infrastructure investment guidelines to help prevent developing economies from taking on dangerous amounts of debt, reports the Nikkei Asian Review.
Laotian Prime Minister Thongloun Sisoulith on Friday pushed back against warnings about his government's debt to China. The government has "its own measures to manage the debt and ensure balance in the public debt sector," Thongloun said, reports the Nikkei Asian Review.