Trends

Saudi Aramco operates Khurais oilfield in eastern Saudi Arabia. © Reuters

Gulf oil production

No plans to scale back investment

DUBAI -- State-owned oil producers in the Persian Gulf are not planning to cut investments for increasing production despite low oil prices. Late last month, Khalid al-Falih, CEO of Saudi Arabian state-run Saudi Aramco, the world's largest oil pr...

  • Japan's airline industry

    Delta's cutback in capacity may lead to oligopoly

    NEW YORK -- Lower oil prices are beginning to weigh on the global economy, however there are also positive effects. The lower prices are a strong tailwind for airline companies, whose fuel costs account for about 30% of operating expenses. For De...

  • PTTEP, Garuda and others

    Falling crude, currencies hurt some Southeast Asia stocks, help others

    BANGKOK -- The drop in crude oil prices and the weakening of local currencies has impacted the stock prices of major corporations in Southeast Asia, with resource companies getting hit hard from falling crude prices while airlines get a boost. A ...

  • Uber in Asia: Regulators chase the car-hailing venture

    KUALA LUMPUR/NEW DELHI/BANGKOK -- Uber Technologies kicks up a storm just about everywhere it takes its smartphone-based ride-hailing service. Having run afoul of regulators and incurred the wrath of old-guard taxi companies in the U.S. and Europe, t...

  • Japan innovation

    IT companies eye student entrepreneurs

    TOKYO -- Japan's online industry is looking to stoke the entrepreneurial spirit in the nation's youth. Information technology companies are competing to hire talented students with original ideas that can drive growth in an increasingly competiti...

  • Southeast Asia's traffic woes

    Japanese companies try to ease congestion with technology

    JAKARTA/BANGKOK/TOKYO -- Japanese companies are helping Southeast Asian cities ease traffic congestion, which looks set to get worse if nothing is done. Toyota Motor spent 15 million yen ($127,215) and teamed up with 23 of its local group compan...

  • Bulk carrier rates

    Capesize spot rates down 90% on China concerns

    TOKYO -- Time-charter rates for iron ore carriers are plunging amid signs of slower shipments to China, the world's largest consumer of iron ore. Spot charter rates for standard Capesize vessels have dropped steadily since late November and are c...

  • Survey

    Fewer than half of Japanese companies plan Chinese expansion

    TOKYO -- The percentage of Japanese companies planning to expand operations in China has dipped below 50% for the first time, according to survey results released Tuesday by the Japan External Trade Organization. Just 46.5% of responding companie...

  • Trade group's 2015 forecast

    Japan's electronics, IT companies seen boosting output again

    TOKYO -- Next year looks like it will bring further growth to the value of production for Japanese electronics and information technology companies, according to an outlook released Tuesday by the Japan Electronics and Information Technology Industri...

  • Industry 4.0

    Behind Germany's new economic push

    FRANKFURT, Germany -- Professor Henning Kagermann, former president of Germany's SAP and current chairman of German Academy of Science and Engineering, has plenty to say about the society of the future. His time at SAP, a leading European information...

  • Lynas pitches to customers in Japan

    Rare earths producers outside China turn to long-term contracts

    TOKYO -- Australian and U.S. rare-earth metals producers are asking buyers to sign long-term contracts with higher prices in exchange for guaranteed supplies. Prices for rare earths prices spiked in 2011 when China, the world's largest producer, ...

  • Make way for the Ivo and Knight X

    Indonesia and the Philippines have their own smartphone brands

    TOKYO/JAKARTA/MANILA -- In Indonesia and the Philippines, domestic smartphone makers could soon be selling more mid- to low-end handsets than their Chinese rivals. Sat Nusapersada, an Indonesian contract manufacturer, is making low-end smartphone...

  • Software alliance in Asia

    Japanese IT companies partner to tap emerging nations

    TOKYO -- Three Japanese companies with a total of more than 800 software engineers in Vietnam, Bangladesh and Myanmar will partner up to bid for contracts to develop large-scale computer systems for Japan. Evolable Asia, BJIT and CyberMissions h...

  • China's green battle

    Eco-friendly cars creating little buzz

    GUANGZHOU, China -- Green cars have failed to gain traction among Chinese consumers despite an aggressive government push that includes generous subsidies and regulatory reform. The government has set a sales target of 336,000 electric and plug-i...

  • Help wanted in Asia

    Japanese recruiters scouring ASEAN for new grads

    TOKYO -- Japanese recruitment companies are extending their reach to other Asian countries to help domestic clients hire new college graduates for their regional expansion plans. As Japanese companies delve deeper into the Association of Southeas...

  • Civil aviation

    Airbus, Boeing in dogfight over small jets

    PARIS/NEW YORK -- European aircraft maker Airbus is looking to challenge Boeing on its own turf by manufacturing a small long-haul jet at a plant now under construction in the U.S. Airbus officials say they are discussing with customers sales of ...

  • Telecommunications in Myanmar

    Qatar's Ooredoo leads way in mobile phone market

    YANGON -- Myanmar's mobile phone market is expanding rapidly, with the penetration rate believed to have doubled in the past year to about 20%. The sharp growth is led by Qatar's Ooredoo, which launched its service in Myanmar this August, becomin...

  • Japan's tourism boom

    Tokyo may get 10,000 new hotel rooms before 2020 Olympics

    TOKYO -- Excited by the growing number of foreign visitors and the approach of the Summer Olympics in 2020, hotel operators are rushing to add new locations in Tokyo. Daiwa Royal plans to open a business hotel in Tokyo's Ariake district in the sp...

  • Sino-Israel relations blossom

    Chinese Net giants meet their matches in Israeli IT startups

    SILICON VALLEY -- China and Israel are forging closer ties in the IT sector, fueled by growing partnerships between their high-tech industries. Officials from Alibaba Group, Tencent, Baidu and other major Chinese Internet firms have been seen vis...

  • Financial services

    Japan regional banks team up to expand overseas

    TOKYO -- Amid concerns over shrinking regional economies in Japan and dwindling populations outside big cities, seven Japanese regional banks are planning to work together to open overseas branches and develop loan products. The move is aimed at ...