Trends

Taisei is moving to hire foreign engineers beyond single projects.

Hiring abroad

Japanese contractors seek more foreign engineers

TOKYO -- General contractors are moving to hire and train foreign engineers to work overseas in anticipation of growing construction demand, especially in Asia. Taisei plans to offer long-term employment at overseas branches to engineers it previ...

  • Weak yen's benefit

    Nissan, Honda tap more Japanese-made parts

    TOKYO -- The softer yen is encouraging Japanese automakers to rethink parts procurement and do more business with domestic suppliers. Nissan Motor will use more Japanese-made components for its Serena minivan starting with the 2016 model. The cur...

  • Tapping the brakes

    Soft sales forcing Mitsubishi Motors to curtail Russian output

    TOKYO -- Mitsubishi Motors will idle a plant in Russia for two weeks to adjust production amid plunging sales in the country. The Japanese automaker will suspend assembly lines for its own brand at PCMA Rus, a joint venture with French automaker ...

  • India's defence industry

    Billionaires end dominance of state-owned companies

    NEW DELHI -- The recent foray by tycoon Anil Ambani into India's defense industry underscores the private sector's swift expansion in this hitherto strictly government-only sector. On March 5, Reliance Infrastructure paid $132 million for an init...

  • Boardroom revamp

    More Japanese companies ditching dedicated auditors

    TOKYO -- An increasing number of Japanese companies are deciding to abolish their boards of corporate auditors in favor of a new auditing system to be introduced in May. More than 80 companies, including Mitsubishi Heavy Industries and Anritsu, h...

  • Special economic zone

    Tax breaks lure foreign business to Laos

    BANGKOK -- A special economic zone in southern Laos that is being driven by foreign investment is becoming the new symbol of Southeast Asia's industrial development. The Savan-Seno Special Economic Zone in Savannakhet has drawn nearly 60 companie...

  • Xi's next target

    China's automakers caught in corruption sweep

    BEIJING -- After cracking down on the oil industry, Chinese President Xi Jinping's anti-corruption drive has a new target: the auto industry. Xu Jianyi, the 61-year-old chairman of state-owned automaker FAW Group, disappeared from Jintai Hotel in...

  • Network security

    More cyberattacks coming via domestic servers

    Tokyo -- A growing number of computer hackers are using domestic servers in cyberattacks that target Japanese businesses, according to a report released on Wednesday by network security firm Trend Micro. The report says that attackers have been takin...

  • FMI Air, Apex Airlines

    Myanmar's skies become more crowded

    YANGON -- Myanmar's aviation market is becoming increasingly crowded, with two domestic airlines recently joining the fray. FMI Air took off in February, followed by Apex Airlines in April, the 10th domestic carrier to enter the rapidly growing m...

  • Stumbling block at 10M

    Volkswagen faces new challenge after sales expansion

    FRANKFURT/NEW YORK -- Having achieved the milestone of 10 million unit sales in a year, Volkswagen is now struggling with profitability issues -- a new challenge for the global auto giant. Last year's figure represents a doubling of the group's s...

  • Music milestone

    Global digital sales topped physical sales in 2014

    NEW YORK -- Worldwide digital sales of music in 2014 eclipsed physical sales for the first time, a report issued Tuesday by the International Federation of the Phonographic Industry (IFPI) has revealed. Digital sales in 2014 rose 7% on-year to $...

  • Vietnam industrialization

    Parts suppliers in short supply

    HANOI -- Vietnam has raised its profile as a manufacturing base in recent years. A number of foreign businesses have set up shop in the Southeast Asian nation. It now faces a challenge in reaching the next phase of industrialization. Slow growth ...

  • Sprucing up shops

    Aeon, other retailers plan big spending on renovations

    TOKYO -- Japanese retail giant Aeon will sharply increase capital spending on its domestic stores this fiscal year, focusing on renovation rather than new openings. The company has outlined plans to invest 160 billion yen ($1.32 billion) in gener...

  • A change of perspective

    Singapore move brought Hoya CEO closer to global operations

    TOKYO -- Since 2010, many Japanese companies have been transferring departments and even head office functions to Singapore, taking advantage of its concentration of talent and information. Optical glass maker Hoya is one example. In the three an...

  • Breaking with precedent

    Sponsorship income for 2020 Tokyo Olympics headed for record

    TOKYO -- The 2020 Summer Olympics and Paralympics in Tokyo are poised to bring in record sponsorship revenues as the organizing committee goes against the usual convention of one company per product category to accommodate cash-flush Japanese busines...

  • Indian auto market

    Japanese, South Korean sedans lead sales recovery

    MUMBAI -- Auto sales in India have rebounded, with Japanese and South Korean carmakers capturing demand for increasingly popular sedans. New-car sales, combining passenger and commercial vehicles, rose 3% from a year earlier to 3.21 million units...

  • Interpol World 2015

    Police gather in Singapore to pursue technology

    SINGAPORE -- The International Criminal Police Organization, the inter-governmental body for police cooperation, opened its inaugural technology forum and trade show in Singapore on Tuesday. The event, Interpol World, aims to help police from more th...

  • Halal exports

    Malaysia's smaller businesses turn to the world

    KUALA LUMPUR -- Small and midsize enterprises in Malaysia are steadily expanding their export markets. Their strategy? First, have their products halal certified, and then, sell them to multinational companies at home. Many Muslims consume halal ...

  • Companies, law enforcement team up

    Japan plays key role in Interpol's new cybercrime center

    SINGAPORE -- International law enforcement agency Interpol opened a center in Singapore on Monday aimed at nabbing Internet hackers who are committing increasingly serious and sophisticated crimes. The new facility, the Interpol Global Complex fo...

  • Emerging economy internships

    Program to usher Japan's entrepreneurs into new markets

    TOKYO -- Japan's government will launch an internship program aimed at fostering Japanese entrepreneurs -- with a twist. The initiative will help those who seek to launch new businesses in Southeast Asia and other emerging economies. The Ministr...