Trends

The Galaxy Macao Phase 2 added such amenities as the world's largest rooftop wave pool and lush tropical gardens.

A new bet

Squeezed Macau shifts target from gamblers to families

HONG KONG -- The world's gambling paradise has been down on its luck recently. With high rollers staying away from its slot machines and blackjack tables, Macau is shifting its focus from gaming to family-friendly resort activities in hopes of attrac...

  • International football

    Revised World Cup format sidelines Asia's minnows

    SEOUL -- A recent move by the Asian Football Confederation to combine qualification for the 2018 World Cup and the 2019 Asian Cup may see more of the region's lesser soccer powers getting the opportunity to play giants such as Japan, South Korea and ...

  • Raking in more cash

    Retailers see record profits in financial operations

    TOKYO -- Big retail groups in Japan are enjoying strong earnings in their credit card and ATM businesses. Aeon sees its general financial business earning a record operating profit of 58.1 billion yen ($466 million) for the year ending February 2...

  • More spending money

    Lower inflation pushing up real wages in Asia

    TOKYO -- Employees across Asia will have more money to spend this year thanks to steadily rising salaries and slowing inflation, according to a survey released Thursday by global consultancy Towers Watson. The biannual Asia Pacific Salary Budget ...

  • Development in Mekong

    Thai companies have once-sleepy border areas buzzing

    BANGKOK -- Thai businesses are expanding investment in the Mekong River region to take advantage of rapidly increasing cross-border trade. TCC Group, a Thai conglomerate, has built river port facilities for trade with inland China, while Ticon Ind...

  • India's energy appetite

    Ravenous economy seeks natural resource rights

    NEW DELHI/MUMBAI -- Indian businesses are actively looking to source oil, natural gas and coal to fuel the country's fast growing economy. Energy supply is also a matter of national security. India relies on imports for most of its crude oil and ...

  • Asia capital

    Thailand sees Japan as a promising investment

    BANGKOK -- With Japan calling for inward direct foreign investment of 35 trillion yen ($285 billion) by 2020 to prop up its stagnating economy, businesses in Thailand are taking advantage of the yen's weakness against the U.S. dollar and Thai baht to...

  • Restructuring results

    Southeast Asia's flag carriers emerge from losses

    JAKARTA -- In June 2013, executives of Garuda Indonesia proudly welcomed the arrival of its first Boeing 777-300ER. The jet, which would be used to carry up to 314 passengers to and from Tokyo, featured eight luxurious first-class seats, each capable...

  • Indian exports

    New Delhi targets ocean rim market

    MUMBAI/NEW DELHI -- The economic leader of the Indian Ocean rim hopes to buck the label of developing nation through export opportunities in neighboring markets. Regional market activity is now attracting attention from around the world on account of...

  • Dominoes ready to fall

    Japan's regional banks eye mergers to survive

    TOKYO -- Japanese regional banks could soon become engulfed in a sector-wide realignment as they seek greater scale amid growing competition and shrinking profit margins. A change in the industry landscape became a real possibility after last year...

  • Education

    English students flock to Philippines for low cost, sunshine

    MANILA -- The Philippines is becoming a popular destination for the study of English. It offers good teachers, inexpensive lessons, and lots of beaches that students can enjoy when they are not in class. As more companies in Asia and elsewhere see En...

  • The hostel wave

    Japan on a shoestring

    TOKYO -- Clean, comfortable and light-on-the-wallet hostels are attracting young foreign tourists who want to travel through Japan on the cheap. Many of the hostels have been able to keep their rates down by renovating and moving into office and othe...

  • Tokyo Olympics

    Half of Japan's ATMs to become overseas tourist-friendly by 2020

    TOKYO -- Nearly half of Japan's ATMs will accept credit and bank cards issued in foreign countries by 2020, when Tokyo hosts the Summer Olympics, as banks work to meet an expected surge in demand from overseas visitors. At present, credit and ban...

  • Net neutrality

    Indian plans to charge messaging services spark outcry

    NEW DELHI -- Indian telecommunications services providers are locked in an acrimonious battle with Internet activists over the cost of providing the networks used for content transmission. The outcome, as yet unclear, could mark a significant shift i...

  • No room at the inn

    Seoul struggles to provide midtier rooms

    SEOUL -- The weakest link in South Korea's tourism industry is its lack of affordable, quality hotel rooms. To fix the problem, hotel operators are boosting efforts to provide places to stay, in line with the government's ambitious goal of drawing si...

  • Accounting standards

    Japanese bluechips shift to IFRS

    TOKYO -- During the reporting season earlier this year, something new turned up at earnings briefings for many major Japanese companies. More than a few disclosed plans to adopt international financial reporting standards, commonly known as IFRS, in ...

  • China's energy industry

    Price, demand pressures spur payroll cuts

    HONG KONG/SHANGHAI -- Major Chinese energy companies' bottom lines are being hammered by weak domestic demand and lower prices of oil and coal. They are responding with payroll cuts. Anton Oilfield Services (Group), a private-sector oil drilling ...

  • Profitability metrics

    More Japanese companies go beyond 10% ROE

    TOKYO -- Major Japanese companies are becoming adept at using their capital more efficiently, with one out of three boasting a return on equity -- a key indicator in this regard -- of more than 10%. Of 1,714 nonfinancial companies listed on the f...

  • Health care reform

    China to set pharmaceuticals free

    SHANGHAI -- For at least two decades, China has been doing battle with its increasingly unviable national health care system -- one plagued by corruption, pricing issues and inefficiencies. With the country's population rapidly urbanizing and aging, ...

  • Beer sales in emerging economies

    Major brewers toast growth in Asia, Latin America

    GENEVA -- Emerging economies are becoming increasingly important to leading global beer brands, as sales growth in the developed world is lagging. Top breweries around the world faced weak demand in the U.S. and Europe in the January-March quarte...