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April 26, 2024
 

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CHINA EVERGRANDE

Evergrande has become a poster child for China’s property crisis since the builder defaulted two years ago. It reported a combined loss of $81 billion in 2021 and 2022.
BUSINESS / Companies
Dec 4, 2023
Evergrande winding-up hearing in Hong Kong adjourned again
The world’s most-indebted property developer now has eight weeks to convince offshore bondholders to agree on a restructuring.
China Evergrande Group Chairman Hui Ka Yan
BUSINESS / Companies
Sep 27, 2023
Evergrande’s billionaire chairman Hui under police surveillance
Hui was taken away by Chinese police earlier this month and is being monitored at a designated location. It’s not clear why he is under surveillance.
Japan Times
BUSINESS
Feb 1, 2022
Dashed dreams for China Evergrande's showpiece resort island
Officials in Danzhou city have ordered 39 of Ocean Flower Island's towers to be demolished over environmental and construction violations.
Japan Times
BUSINESS / Companies
Jan 12, 2022
World’s worst-performing bank lent billions to China Evergrande
Battered by mounting losses on loans to developers including China Evergrande Group, China Minsheng Banking Corp. saw their stocks tumble 31% in the 12 months through last week.
Japan Times
BUSINESS / Companies
Jan 5, 2022
Plan to demolish 39 towers in Hainan pose latest threat to Evergrande's fortunes
The order is among the most extreme in a spate of government actions to seize the firm's property and land holdings, underscoring risks to its most-prized assets.
Japan Times
BUSINESS
Dec 8, 2021
Evergrande restructuring puts onus on China's Xi to limit contagion
For now, Chinese authorities plan to ring-fence Evergrande and limit contagion rather than orchestrate a rescue as they've done during past crises.
Japan Times
BUSINESS
Dec 7, 2021
Evergrande's debt deadline passes as Kaisa adds to China's property crisis
With $300 billion of liabilities, Evergrande is at the heart of a property crisis in China that has crushed almost a dozen smaller firms.
Japan Times
BUSINESS
Dec 6, 2021
After months of turmoil, restructuring of Evergrande debt looks imminent
The real-estate giant's situation poses a fresh test for Xi Jinping's government as it tries to rein in the country's financial excesses without derailing economic growth.
Japan Times
COMMENTARY / World
Nov 15, 2021
Even China's biggest company is looking for an exit
With the once-hot China market cooling, Tencent plans to invest more to leverage its foreign exposure including beefing up overseas games publishing operations.
Japan Times
BUSINESS
Sep 12, 2021
Why China’s economy is threatened by a property giant’s debt problems
The real estate developer Evergrande once binged on debt; now the music has stopped, investors are panicking and experts are warning of an imminent failure.
Japan Times
BUSINESS / Companies
Sep 25, 2020
China developer Evergrande spooks investors with liquidity crunch warning
If the firm fails to win approval for a listing in Shenzen it will need to repay debt valued at around 92 percent of its cash, threatening the broader financial system.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Over 40% of Japan's municipalities at risk of vanishing, study finds
Of 1,729 local municipalities nationwide, 744 have been identified as being at risk of disappearing.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Tokyo issues strong warning on yen intervention as currency dips further
Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok on the sidelines of IMF and G20 meetings in Washington last week.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
For amateur sumo, a fresh start offers hope against time-wasting and gamesmanship
Wrestlers prepare for the start of a bout at the 2023 Sumo World Championships in Tokyo. Starting this month, placing one hand on the clay first is no longer allowed.
LDP veteran Nikai's youngest son expected to succeed him in Wakayama
Toshihiro Nikai, former secretary-general of the Liberal Democratic Party, announced in March that he would not run in the next Lower House election to take responsibility for the political funds scandal that rocked his party and his own faction.
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.
A craft beer crawl through Tokyo’s top bars, brewpubs and dives
If all you drink is Asahi, Sapporo and Kirin, you're depriving yourself of some of the best craft beer Tokyo has to offer — and there sure is a lot of it out there.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores
By Alex K.T. Martin

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Prize winner Maki Imoto catches light with glass
Prize winner Maki Imoto catches light with glass

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