Companies

Charoen Pokphand

Indonesian arm takes out $400M loan to meet robust demand

JAKARTA -- Charoen Pokphand Indonesia, the country's largest producer of poultry feed, day-old chicks and processed chicken, has taken out a syndicated loan worth $400 million to beef up production capacity. The local unit of Thailand's Charoen Pokph...

  • South Korean gamble

    Sega Sammy begins building integrated casino-resort

    INCHEON, South Korea -- Sega Sammy Holdings broke ground here Thursday on an integrated resort that will center on a casino, with opening slated for May 2017. Surrounding the foreigners-only casino will be lodgings and a shopping mall. The resort...

  • Citizen's new Japanese factory

    Watchmaker trying to cater to Asian tourists

    TOKYO -- Citizen Holdings will spend around 3 billion yen ($25.4 million) to increase output of wristwatches -- a popular item for Chinese and Southeast Asians visiting Japan. Citizen Watch, a subsidiary of the Tokyo-based group, will build a fac...

  • Panasonic in Southeast Asia

    Marketing power storage, surveillance systems to local businesses

    JAKARTA -- Panasonic will step up marketing to corporate customers in Southeast Asia, pursuing big contracts for power systems that combine storage and solar batteries, and surveillance equipment. System engineers and marketing personnel in charg...

  • Resona's Higashi

    Bank to repay bailout funds early, forge Myanmar tie-up

    TOKYO -- Once essentially nationalized in 2003, Resona Holdings will repay its remaining public assistance to the government faster than planned and will partner with a major Myanmar bank to seek further growth, President Kazuhiro Higashi told The Ni...

  • Internet TV

    Hong Kong Television Network goes live

    HONG KONG -- Hong Kong Television Network debuted its online TV service of original content this week, a step toward launching an online shopping mall platform early next year. At Wednesday's launch event, Chairman Ricky Wong Wai-kay said the com...

  • Exporting karaoke

    Koshidaka to ramp up South Korean parlor openings

    TOKYO -- Karaoke chain operator Koshidaka Holdings will turn to overseas markets for a new pillar of revenue, with plans to sharply boost its presence in South Korea while considering zeroing on karaoke aficionados in Malaysia and other Southeast Asi...

  • Taiwan electronics

    Foxconn to invest in flat-panel plant

    TAIPEI -- Innolux, a subsidiary of Apple assembler Foxconn Technology Group in Taiwan, has confirmed plans to invest in a sixth-generation LCD plant producing smartphone screens in the southern Taiwanese city of Kaohsiung. The company hopes the m...

  • Hitachi on the rails

    Armed with advanced IT, conglomerate chases train industry's Big Three

    SINGAPORE -- Hitachi is stepping up efforts to sell railway systems internationally. The Japanese engineering and electronics conglomerate has the world's top three railroad equipment suppliers in its sights and hopes to catch them by leveraging soph...

  • Thailand's pickup truck boom

    Mitsubishi launches new Triton after nine years

    BANGKOK -- Competition in Thailand's pickup truck market is intensifying with a series of new models hitting the market. Thailand is a key market and export base for the trucks, and the only country to make Mitsubishi Motors' Triton pickup. ...

  • Emerson's $21M commitment

    US electrical engineering company opens pair of Singapore facilities

    SINGAPORE -- Emerson of the U.S. on Tuesday opened two facilities in Singapore, including a sensor manufacturing plant. The electrical engineering company's total investment of $21 million is aimed at better serving Asian customers in the oil and gas...

  • Japan Atomic Power

    Active fault likely to keep Fukui reactor offline

    TOKYO -- A panel of experts working under Japan's nuclear watchdog reaffirmed Wednesday its earlier findings that an active fault lies directly underneath an idled reactor in Fukui Prefecture, raising the likelihood that the facility will be decommis...

  • Mizuho in Thailand

    Tie-up with Siam Commercial Bank to start with deposits, settlements

    BANGKOK -- Mizuho Bank announced Wednesday that it will form a business tie-up with Thailand's Siam Commercial Bank to partner on services ranging from corporate and retail banking to investment. The two plan to offer a new deposits and settlemen...

  • Meiji Holdings eyes record profit

    Health foods to fuel further growth

    TOKYO -- Meiji Holdings' future appears bright after years of efforts to lay a solid foundation. The Japanese company looks set to earn a record operating profit in the year ending March 2015 despite a tough environment, helped by growing contributio...

  • NEC's security business

    Expansion plans include larger cybersecurity squad

    TOKYO -- NEC will expand its security business as it shifts its focus away from consumer products and toward information technology services for corporations and government agencies. NEC's security business encompasses both crime prevention syste...

  • Yearning for change

    Does Hong Kong's new online channel offer ray of hope?

    HONG KONG -- A new web-based television channel went live here Wednesday under the leadership of Ricky Wong, a local entrepreneur known for breaking the status quo, energizing city youths hungry for more options. Streamed online, HKTV can be view...

  • Thailand M&A

    Pace buys Dean & DeLuca

    BANGKOK -- Thailand's luxury real-estate company Pace Development is acquiring Dean & DeLuca, the high-end grocery store and cafe chain, from the U.S. parent company Dean & DeLuca Holdings for $140 million. Pace will take over Dean & DeLuca's 11 o...

  • Apple supplier

    TSMC acquires Qualcomm facility for $85M

    TAIPEI -- Apple supplier Taiwan Semiconductor Manufacturing said in a local exchange filing Wednesday it has reached an agreement with Qualcomm to purchase the U.S. mobile chipmaker's facility in the northern county of Taoyuan for $85 million. Acc...

  • 2020 Olympics

    GE sees big opportunity in Japan

    TOKYO -- General Electric sees the 2020 Tokyo Olympic as a big opportunity for the U.S.-based company to expand its footprint in Japan, according to CEO Jeffrey Immelt. GE held "Tokyo 2020 and Beyond" in the capital on Wednesday. Immelt spoke dur...

  • DMCI's net income slides

    Philippine conglomerate's power and construction units drag down core earnings

    MANILA -- Philippine infrastructure conglomerate DMCI Holdings said its core net income slid 6%, to 7.5 billion pesos ($166 million), from January to September due to lackluster results from its power and construction businesses. In a stock excha...