Asean Business File

The Asian Development Bank and Sumitomo Mitsui Banking are teaming up in Sri Lanka to almost triple berthing capacity at Colombo's container port. (Photo by Takafumi Hotta)

ADB, Sumitomo Mitsui back Colombo port expansion

MANILA -- The Asian Development Bank (ADB) and Japan's Sumitomo Mitsui Banking Corp. (SMBC) are advising the Sri Lankan government on a $500- million port expansion project in Colombo.The half-billion-dollar contract covers expansion of the East Cont...

  • Japan firms to help SE Asia food processors manage hygiene

    BANGKOK -- Earth Chemical and Toyo Seikan Group Holdings have joined forces to offer hygiene management services to the food processing companies of Southeast Asia.Using a DNA chip developed by Toyo Seikan that can detect a variety of fungi, the serv...

  • Thai auto production up 25% on rebound from Toyota cut

    BANGKOK -- Automobile output in Thailand jumped 25% year on year in May, but the solid growth may not be a reliable indicator for the future, as it owes largely to Toyota Motor's steep curtailment of production a year earlier.The sharpest rise in 38 ...

  • Japan's Weathernews opens Myanmar post

    YANGON -- Weathernews has opened a location here in Myanmar's biggest city to process and produce content for its mainstay business of global climate information services for shipping companies.The company, based in Chiba Prefecture, collects and ana...

  • Company in focus

    Singtel bolsters regional ties to leverage 570M subscribers

    JAKARTA/SINGAPORE -- Representatives of tech startups from across Asia were gathered on a stage in a Jakarta hotel on Dec. 8. Bringing them together was an app-development competition sponsored by Singapore Telecommunications, whose CEO, Chua Sock Ko...

  • Singapore Post

    US acquisitions highlight company's global ambitions

    SINGAPORE -- From its origins as a postal company in a small island state, Singapore Post is forging ahead to become a powerin global e-commerce logistics. This month, the company announced it is acquiring two U.S.-based companies, TradeGlobal and Ja...