Entries tagged "News"

  • AIIB Misses Lending Goal | July 15, 2019, 9:55 a.m.

  • AIIB Mitigates Infrastructure Investments' Risks | July 12, 2019, 9:57 a.m.

    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.

  • China Fuels Cambodian Construction | July 11, 2019, 10:01 a.m.

  • Thailand Plans $7.3B Rail | July 10, 2019, 11:13 a.m.

    A company in Thailand has formed a consortium with China Railway Construction to build a $7.3 billion high-speed railway, Nikkei reports.

  • India Probes Huawei 5G Security | July 9, 2019, 9:13 a.m.

    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 Revamps Myanmar Port | July 8, 2019, 9:12 a.m.

    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.

  • Xi, Erdogan Talk BRI Cooperation | July 3, 2019, 11:36 a.m.

    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.

  • BRI Aids China-Europe Rail Links | July 2, 2019, 9:23 a.m.

    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.

  • BRI Boosts China-Cambodia Ties | July 1, 2019, 9:28 a.m.

  • India, U.S., Japan Talk Infrastructure | June 28, 2019, 9:12 a.m.

    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.

  • Xi, Abe Talk Infrastructure Cooperation | June 27, 2019, 9:07 a.m.

  • U.S., Japan, Australia Fund Indo-Pacific Infrastructure | June 26, 2019, 9:46 a.m.

    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.

  • China's BRI Scrutinized in Cambodia | June 25, 2019, 10:29 a.m.

    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.

  • SE Asia: BRI 2.0 Test Bed | June 24, 2019, 9:55 a.m.

    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.

  • ASEAN Starts Digital Cooperation | June 21, 2019, 10:44 a.m.

    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.

  • Philippines to Monitor China Telecom | June 20, 2019, 10:27 a.m.

    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.

  • China Sets Digital Standards | June 19, 2019, 10:49 a.m.

    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 Slashes BRI Funding | June 18, 2019, 9:10 a.m.

    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 Demands Network Infrastructure IP Fees | June 13, 2019, 9:26 a.m.

    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.

  • World Bank Head Pushes China Transparency | June 12, 2019, 9:25 a.m.

    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.

  • Duterte Nets $6B in Tokyo | June 11, 2019, 9:12 a.m.

    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.

  • 5G Applications Lag | June 10, 2019, 9:20 a.m.

    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.

  • China, Russia Sign 5G, Energy Deals | June 7, 2019, 9:02 a.m.

    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 Plans $925M Infrastructure Fund | June 6, 2019, 9:04 a.m.

    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.

  • Japan Shuns Huawei 5G | June 5, 2019, 9:37 a.m.

    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 Nears 5G Rollout | June 4, 2019, 9:38 a.m.

    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.

  • G-20 to Sign Infrastructure Guidelines | June 3, 2019, 9:17 a.m.

    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.

  • Laos: PM Rejects China Debt Concerns | May 31, 2019, 8:57 a.m.

    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.

  • Mahathir Supports Huawei | May 30, 2019, 9:18 a.m.

    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.

  • US-China Rivalry Boosts SE Asia Infrastructure | May 29, 2019, 9:16 a.m.

    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

  • Huawei Advances Undersea Cables | May 28, 2019, 9:05 a.m.

    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.

  • Modi Pledges $1.43T for Infrastructure | May 24, 2019, 9:06 a.m.

    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.

  • Beijing Shoulders BRI Debt | May 23, 2019, 9:34 a.m.

    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 Nears Commercial 5G | May 22, 2019, 10:18 a.m.

    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.

  • Malaysia and Singapore Delay Rail | May 21, 2019, 9:03 a.m.

    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.

  • Cambodia Years from 5G | May 20, 2019, 9:18 a.m.

    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.

  • China Sees Greece as BRI Ally | May 17, 2019, 9:22 a.m.

    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.

  • Europe Allows Huawei 5G | May 16, 2019, 9:16 a.m.

    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. Nears Huawei Ban | May 15, 2019, 9:54 a.m.

    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.

  • Asian Lenders Halt Coal Funds | May 14, 2019, 9:23 a.m.

    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.

  • China Repairs BRI Partnerships | May 13, 2019, 9:10 a.m.

    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.

  • Thailand Pushes 5G Rollout | May 10, 2019, 9:05 a.m.

    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.

  • Japan's G20 Infrastructure Push | May 8, 2019, 10:22 a.m.

    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.

  • Philippines Election to Determine China Ties | May 7, 2019, 9 a.m.

    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+3 to Insure Infrastructure Financing | May 6, 2019, 9:08 a.m.

    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.

  • ADB to Limit China Funding | May 3, 2019, 9:06 a.m.

    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 Pushes China-Funded Rail | May 2, 2019, 9:09 a.m.

    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.

  • Experts: China's BRI Requires Global Norms | May 1, 2019, 9:19 a.m.

    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.

  • China Constructs Debt-Free Road in Cambodia | April 30, 2019, 9:17 a.m.

    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 Looks West for BRI Partners | April 29, 2019, 9:08 a.m.

    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.