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.
Malaysian Prime Minister Mahathir Mohamad said his country would use Huawei equipment "as much as possible" in Malaysia's 5G network, despite U.S. warnings that it is not secure, reports the Nikkei Asian Review.
Cambodia and other nations across Southeast Asia are emerging as vital staging grounds for a new form of power struggle between China and its rivals. The growth of Beijing's vast Belt and Road Initiative since 2013 has galvanized the U.S. and its allies -- including Japan, India and Australia -- and prompted them to draw up infrastructure and security programs of their own, writes Gwen Robinson for the Nikkei Asian Review
Chinese telecom giant Huawei's strides in undersea cables, a critical component of telecom infrastructure, is raising alarm in the U.S., Japan, and Australia. Huawei is said to be involved in around 30 undersea cable projects at the moment, Nikkei reports.
Indian Prime Minister Narendra Modi pledged $1.4tn in infrastructure spending for his second term. Modi's infrastructure plan includes 60,000 km of national highways and increasing support for rural development, reports the Nikkei Asian Review.
Belt and Road recipients are pushing to re-negotiate loan terms with Chinese banks, potentially shifting more of the BRI's financial burden on Beijing. As China's investments grow in Belt and Road countries, it risks losing its bargaining power as its sunk costs rise, reports Nikkei.
China Mobile, the world's largest mobile service provider by subscribers, expects to secure a license for commercial 5G services later this year. The company is closely watching developments related to U.S. restrictions on telecommunications equipment from Huawei Technologies, which is expected to play a crucial role in the rollout of 5G, reports the Nikkei Asian Review.
Transportation ministers from Malaysia and Singapore have signed a supplementary agreement deferring the four-kilometers, cross-border Johor Bahru-Singapore Rapid Transit System (RTS) until September. The $1 billion rail link was originally aimed at reducing congestion at the countries' border, reports the Nikkei Asian Review.
Cambodian state-owned telecommunications companies have teamed up with China's Huawei to roll out a 5G network in 2020. However, experts say it could be years before 5G reaches ordinary Cambodians due to the scale of investment needed and the high cost of 5G handsets, reports Nikkei.
Chinese President Xi Jinping met with Greek President Prokopios Pavlopoulos, calling on Greece to help promote the Belt and Road Initiative (BRI) in Europe. Beijing is seeking support for BRI from within the European Union as Europe's trade and investment relations with China expand, reports Nikkei.
Some European countries are allowing equipment from China's Huawei into their 5G networks. A full ban is not seen as cost-efficient where Huawei gear is already incorporated into national 4G wireless infrastructure, reports Nikkei.
U.S. president Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China's Huawei according to three U.S. officials familiar with the plan, Nikkei reports.
The biggest commercial bank in Japan is one of the latest Asian lenders to consider a ban on funding for new coal-fired power stations. Asian banks are recognizing the global threat from climate change and pulling back financing for the world's most carbon-intensive energy source, Nikkei reports.
Beijing is striking a conciliatory tone abroad to repair ties with Belt and Road partners, particularly in Southeast Asia where negotiations with Chinese companies over halted infrastructure projects are restarting, Nikkei reports.
Last month, the Thai junta issued an order granting loan extensions of 60 million baht to three major telecom operators to stimulate 5G rollout. However, the loan extensions may not be enough to prod the companies into action, as 5G development could wind up costing as much as 100 billion baht, reports Nikkei.
As this year's host of the Group of 20 countries, Tokyo is taking the opportunity to push a novel idea: quality infrastructure investment, or QII, reports the Nikkei Asian Review.
President Rodrigo Duterte's senatorial candidates could sweep the midterm elections in the Philippines next week. The midterm polls are widely seen as a referendum on Duterte and his policies, including his moves to further embrace China as a key funder of the country's ambitious infrastructure projects, reports Nikkei.
ASEAN members plus China, Japan and South Korea agreed to create a framework insuring private funding for infrastructure projects of up to $1.5 billion under a new program to be called the Infrastructure Investors Partnership, reports Nikkei.
The Asian Development Bank's President, Takehiko Nakao, has said the ADB is limiting the amount of funding it provides to China. Nakao noted that China is "becoming a country that can raise money by issuing its own debt" through projects such as the Belt and Road Initative, reports the Nikkei Asian Review
Thailand's prime minister, Prayuth Chan-ocha, signed a Memorandum of Cooperation with Laos and China to accelerate the construction of a much delayed high-speed rail line between northeast Thailand and Vientiane in Laos, reports Nikkei.
If China's push to build a massive, continent-spanning economic zone is to yield true benefits for all involved, Beijing must shift its policy course and embrace internationally accepted norms for the BRI, reports the Nikkei Asian Review.
A Chinese state construction company is building Cambodia's first expressway which will connect Phnom Penh with the southern coastal city of Sihanoukville. China Road and Bridge Corp. will finance the nearly $2 billion project in an arrangement meant to help China avoid international accusations of predatory lending to developing countries, reports Nikkei.
China announced on Saturday that two more non-Asian nations, Switzerland and Peru, have signed on to its Belt and Road Initiative. As Asian Belt and Road participants view with initiative with increasing skepticism, China is looking elsewhere for supportive partners, reports Nikkei.