News

Asia's real estate sector is booming, attracting foreign investors and prompting businesses to expand, particularly in Southeast Asia where luxury brands are investing heavily in residential projects. However, concerns about oversupply and overdevelopment are emerging, especially in Indonesia where President Prabowo Subianto's ambitious affordable housing program faces challenges due to past issues.

A 7.7-magnitude earthquake centered northwest of Mandalay, Myanmar, killed at least 144 people and injured 732, while also causing damage and casualties in the Thai capital, Bangkok, over 1,000 kilometers away. The earthquake, which struck at 12:50 p.m. local time, was followed by a 6.4-magnitude aftershock and caused significant damage to infrastructure in both countries.

U.S. President Donald Trump's announcement of a 25% tariff on foreign-made cars and light trucks has sent shockwaves through the global economy, with Japan's car industry facing potential losses of up to 13 trillion yen (86.2 billion) due to a decline in domestic production. Despite the challenges, Japan remains committed to its alliance with the U.S. and will adopt a cooperative stance toward Washington.

A 7.7-magnitude earthquake struck central Myanmar on March 28, causing damage in the Thai capital Bangkok and disrupting businesses and public transportation. The earthquake also caused significant damage to buildings and infrastructure in Myanmar, triggering landslides and leaving many people homeless.

Brazilian President Luiz Inácio Lula da Silva and Japanese Prime Minister Shigeru Ishiba met in Tokyo to solidify a five-year action plan for enhanced cooperation, including mutual visits, economic security measures, and foreign affairs dialogues. The plan signifies a commitment to strengthen bilateral relations and explore new opportunities for trade and collaboration.