Companies

Tokio Marine to strengthen insurance lineup in Vietnam

HANOI -- Tokio Marine Holdings plans to add agricultural, auto and life insurance policies to its offerings in Vietnam, aiming to tap one of Asia's fastest-growing markets.The plans were revealed by President Tsuyoshi Nagano on a visit to the Southea...

  • Seven-Eleven Japan's IT system to keep stores well stocked

    TOKYO -- Seven-Eleven Japan will upgrade an information system connecting its 19,000 retail outlets with company headquarters to better monitor inventory levels and ensure stores do not run out of top-selling products.The unit of Seven & i Holdings w...

  • Hitachi taking offshore wind power overseas

    TOKYO -- Japan's Hitachi is looking abroad to grow its offshore wind energy business, starting with a partnership in Taiwan this fall with local steel conglomerate China Steel.Hitachi's unique downwind rotor system places the wind turbine's generator...

  • Nissan begins quest as self-driving pioneer with Serena

    TOKYO -- Nissan Motor is getting a head start in autonomous driving with features included in the revamped Serena minivan in Japan, but the automaker faces the tricky task of advertising the new technology while highlighting its limits to ensure safe...

  • Toshiba stepping up asset sales

    TOKYO -- Toshiba will sell its industrial video camera business and unload a stake in an engineering subsidiary in an effort to bolster capital following an accounting scandal that has eroded the company's finances.The business, which includes such m...

  • Japan's Recruit plans $2.5bn secondary offering

    TOKYO -- Recruit Holdings shareholders will sell more than 60 million shares of the human resources company next month, another sign that Japanese businesses are rethinking strategic stakes amid a heightened focus on corporate governance.The secondar...

  • Beijing crackdown can't kill Chinese love for K-pop

    BEIJNG -- For fans of South Korean popstars in China's eastern province of Jiangsu, the long-awaited music program Gaishiyingxiong turned out to be a big disappointment.Many were looking forward to watching boyband iKON, and "Gangnam Style" singer Ps...

  • QL Resources net profit marginally increase on fish-based products sales

    KUALA LUMPUR -- QL Resources, a Malaysian agro-food company, said on Wednesday that net profit rose 3% year-on-year to 42.12 million ringgit ($10.42 million) for the first quarter ended in June due to increased sales of marine products including fish...

  • ZTE whistleblower convicted of corruption in Philippines

    MANILA -- A former IT consultant who accused Philippine government officials of taking bribes from Chinese telecom company ZTE Corp. over a botched national broadband network project has been convicted of graft in an unrelated case.Rodolfo Lozada was...

  • Maggi noodles regain Indian market dominance

    NEW DELHI -- Indian consumers have proved loyal to Maggi instant noodles, which have made a strong comeback after being removed from store shelves last year over allegations of excessive lead and undisclosed monosodium glutamate content.The Food Safe...

  • Interview

    State Bank of India chief says bad loan cleanup may take 2 years

    MUMBAI -- India's largest lender by assets, State Bank of India, is emerging from one of its most painful episodes in recent times caused by burgeoning bad loans. It expects the cleanup to take another two years before the bank returns to profitabili...

  • Indonesia state builders aim to raise $1.2bn through share sales

    JAKARTA -- Indonesia's top three state-owned construction companies by market capitalization are looking to raise up to 15.8 trillion rupiah ($1.2 billion) this year by selling shares, moves that will test investor appetite for exposure to the countr...

  • Malaysian shipping unit of Petronas gets $230 million order

    KUALA LUMPUR (NewsRise) - MISC, the shipping arm of Malaysia's national oil company Petronas, secured a $230 million contract to lease and operate a floating, storage and offloading vessel for an oilfield project off Thailand's coast.The company will...

  • Megabank SMBC dips its toes into rice paddies

    TOKYO -- Sumitomo Mitsui Banking Corp. has formed a joint rice venture in Japan's northern Akita Prefecture, raising hopes that the megabank might help to reinvigorate the country's agricultural sector.SMBC is not the first big company to try to work...

  • China Traditional Chinese Medicine shares rebound

    HONG KONG -- Shares of China Traditional Chinese Medicine Holdings rebounded sharply Wednesday on the Hong Kong market after the company's net profit more than doubled for the fiscal first half, with an October acquisition contributing significantly....

  • Investors pile into CAR after auto rental company's strong half

    HONG KONG -- Shares in CAR, China's largest car rental company, jumped in Hong Kong on Wednesday after management announced strong first-half results.At one point, the stock was up 5.2%, or 0.38 Hong Kong dollars, from the previous day at HK$7.68.Aft...

  • Nissan's new minivan brings self-driving tech to the masses

    TOKYO -- Nissan Motor has upped the autonomous driving ante. The company on Wednesday became Japan's first automaker to release a vehicle capable of maneuvering itself, albeit only in a single expressway lane. And it opted to introduce the technology...

  • JR Tokai designs new bullet train to reign 'supreme' abroad

    NAGOYA, Japan -- Central Japan Railway is betting big that its next shinkansen is not only the ultimate bullet train of the future in its home country, but also for Texas, Taiwan and beyond.

  • Farm equipment makers eye expanding Chinese co-ops

    TOKYO -- Japanese agricultural machinery maker Kubota and its domestic and foreign rivals are looking to tap rising demand in China, where farm cooperatives are deploying larger machines for efficiency.The sun had nearly set on Chongming Island at th...

  • Honda ramping up output capacity for hybrid motors

    TOKYO -- Aiming to meet growing demand, Honda will expand production capacity for motors used in midsize and large hybrid autos.The Japanese automaker has accelerated hybrid development, as seen in such moves as launching gasoline-electric versions o...