Nikkei Asian Review

Laos' debt woes worsen as bills for China-funded dams loom

COVID-19 has rattled Laos’ debut in selling a U.S. dollar bond in international markets, adding pressure on a country whose “Wild West of dam building” splurge has put it in a precarious repayment situation, especially in regard to China, its leading lender. Sources familiar with the ...

MARWAAN MACAN-MARKAR

Vietnam and Mekong peers pay economic price despite low virus tolls

Cambodia, Laos, Myanmar and Vietnam have detected far fewer coronavirus cases than their more advanced Southeast Asian neighbors, but their economies are taking a beating all the same, potentially forcing a rethink of their development models down the road. Analysts at Maybank Kim Eng expect the ...

DYLAN LOH

Chinese investment upheavals anger Laos' indigenous tribes

Rackety trucks rush across China’s border with its backwater neighbor, stirring up clouds of dust and drowning the tweets of tropical birds. Chinese projects to construct roads in one of Asia’s poorest countries date back to 1962 when Laos was subject to a proxy war between the global Cold ...

Robert Bociaga

Vietnam puts the Mekong's fate on ASEAN's agenda

In a nod to green diplomacy, Vietnam is raising the geopolitical stakes over the Mekong River, Southeast Asia’s largest body of water, which has dropped to record lows due to a severe drought and construction of large dams. Hanoi has signaled its intent to raise the issue this ...

Marwaan MaCan-Markar

Japan offers $5m for refugee resettlement in Myanmar's Kachin

The Japanese government announced in late December that it will launch an aid program to help internally displaced people in a conflict zone in Myanmar’s northern state of Kachin to return home. China has strong influence in northern Myanmar, including Kachin. Countrywide, Japan and China are ...

Yuichi Nitta

Southeast Asia's trans-regional corridor takes shape

The opening of a new bridge between Thailand and Myanmar has pushed Southeast Asia one step closer to the realization of an East-West Economic Corridor, connecting the South China Sea to the Indian Ocean.  The corridor, which passes through Vietnam, Laos, Thailand and Myanmar, is set to ...

Yuichi Nitta

Cambodia's China-built runway irks US but locals have other concerns

The rural southwestern province of Koh Kong, previously off the international community’s radar screen, has drawn the global spotlight. That’s because a massive runway stretching approximately 3,200 meters appeared suddenly at a resort being developed by a Chinese company in this otherwise out-of-the-way province, about a ...

Tomoya Onishi

Thai Belt and Road project bumps into finance and liability issues

Thailand’s government is delaying China’s ambitious high-speed railway project in the country as questions over financing and liabilities of the $9.9 billion infrastructure initiative remain unresolved. Sources within Thailand’s transport sector confirmed to the Nikkei Asian Review that behind-the-scenes negotiations between Bangkok and Beijing over the ...

Marwaan Macan-Markar

Myanmar economic zone reimagined as export hub to India

Plans for an economic zone in southern Myanmar will be reworked by Japan into an export base to such markets as India, Nikkei has learned, in an attempt to kick-start the stalled project as China expands its economic influence in the Southeast Asian country. The new ...

Takashi Tsuji

Thai industrial group powers up 2 huge Vietnam solar farms

B. Grimm Group, Thailand’s oldest industrial group, has won a race against time to begin operating two of Southeast Asia’s largest solar farms, both located in Vietnam. The two plants came online last month and will raise the share of solar in B. Grimm’s energy portfolio to nearly ...

Peter Janssen

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