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Mitsubishi Heavy expects profit surge as Japan eases arms export rules

Companies Defense contractor touts frigate sales abroad as contributing to regional security Mitsubishi Heavy Industries’ military hardware includes warships like the destroyer “Yoshii”, launched here at its Nagasaki Shipyard in Japan last December. (Photo by Taro Fujii) TOKYO — Mitsubishi Heavy Industries expects full-year net profit to surge as it benefits from the Japanese government’s […]

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South Korea floats using AI profits for ‘people’s dividend’

Technology President’s policy chief suggests redistributive measure to ease AI-driven inequality The administration of South Korean President Lee Jae Myung has floated the idea of having members of the public receive dividends from the massive profits of chipmakers. (Nikkei montage/Source photo by Reuters) SEOUL — A high-ranking South Korea policymaker suggested Tuesday that members of […]

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Bay of Bengal cooperation is critical amid the global crisis: BIMSTEC chief

BIMSTEC Secretary-General Indra Mani Pandey. The veteran Indian diplomat says the Bay of Bengal bloc is gaining momentum. (Photo by Toru Takahashi) DHAKA — Rising global geopolitical tensions underscore the need for stronger regional cooperation to address economic and security challenges, the chief of a bloc involving seven South and Southeast Asian countries said.

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Japanese expats being sent home from Thailand as employers cut costs

Economy Recent exodus spurred by increased Chinese presence and rocky economy Isuzu is a major investor in Thailand and remains committed as other Japanese companies scale back their expatriate staff in the Southeast Asian country. (Nikkei montage/Source photos by Rie Ishii) DOMINIC FAULDER and YUKA KONISHI BANGKOK/TOKYO — Japan in recent years has dramatically reduced […]

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Japan’s NEC seeks edge in undersea cable with high-capacity fiber

Telecommunication Company to invest $600m-plus in tech, cable-laying capacity as market grows Submarine cables are wound at a factory belonging to NEC subsidiary OCC. (Photo by Kyoko Hariya) TOKYO — Japan’s NEC is looking to hone its undersea cable technology to secure a bigger share of a critical market for international telecommunications, with plans to invest more […]