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  • Alibaba eyes expansion beyond China

    KUALA LUMPUR -- China's Alibaba Group Holding, the world's largest online transaction company, is looking at developing economies with large, young populations and numerous small enterprises as its next growth engines.Better known for online marketp

    March 24, 2017 12:20 am JST
  • Indonesian bourse launches startup incubator

    JAKARTA -- The Indonesia Stock Exchange on Thursday launched a startup incubator that is already trying to point young companies toward initial public offerings.To get the ball rolling, the incubator is giving 24 startups shared working space in Jak

    March 23, 2017 04:45 pm JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 12:00 pm JST
  • Company in focus: Sime Darby bets its kingdom is better off in pieces

    KUALA LUMPUR Sime Darby, the world's largest plantation operator and palm oil producer, has hatched a plan to split into three separate listed entities. For starters, the Malaysian state-owned company sees this as a way to promote growth. It also wa

    March 23, 2017 10:00 am JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 10:00 am JST
  • The king gives Saudi Arabia's reform push a helping hand

    TOKYO In his monthlong tour of Asia, Saudi Arabian King Salman bin Abdulaziz succeeded in drumming up significant support for "Vision 2030," the road map for reforming the kingdom's economy and ending its dependence on oil exports by the year 2030.

    March 23, 2017 10:00 am JST
  • Business Insight

    Disney chooses its battles in Malaysia and China

    Walt Disney's "Beauty and the Beast" missed its original opening date in Malaysia due to the company's refusal to accept cuts by state censors involving a gay character. But the movie opened on time and in a big way in China, in complete, unedited f

    March 23, 2017 08:05 am JST
  • The king gives Saudi Arabia's reform push a helping hand

    TOKYO -- In his monthlong tour of Asia, Saudi Arabian King Salman bin Abdulaziz succeeded in drumming up significant support for "Vision 2030," the road map for reforming the kingdom's economy and ending its dependence on oil exports by the year 203

    March 22, 2017 07:20 pm JST
  • Axiata shares rise to five-month high on M1 stake review, merger report

    KUALA LUMPUR (NewsRise) - Shares of Axiata Group surged to a five-month high on Monday as investors cheered the company's move to review its stake in Singapore unit as it seeks to sharpen focus on operations that promise healthier profit.Meanwhile,

    March 20, 2017 08:06 pm JST
  • Company in focus

    Malaysia's Sime Darby splits up palm oil kingdom to raise equity value

    KUALA LUMPUR -- Sime Darby, the world's largest plantation and palm oil producer, plans to split into three separate listed entities to promote future growth. The listing of plantation division, the core business of the Malaysian state-owned conglom

    March 18, 2017 03:00 pm JST
  • YTL Power's Jordan joint-venture secures financial closure for $2.1 billion project

    KUALA LUMPUR (NewsRise) - YTL Power International, the utilities arm of Malaysian conglomerate YTL Corp, said its three-way joint venture with Estonian and Chinese partners has secured financial closure for its $2.1 billion power project in Jordan.T

    March 17, 2017 08:39 pm JST
  • Top Glove warns of challenges ahead as costly inputs drag profit lower

    KUALA LUMPUR (NewsRise) - Malaysia's Top Glove Corporation Thursday said it aims to improve its performance despite challenging business conditions in the months ahead even as higher input costs dragged its fiscal second-quarter net profit lower by

    March 16, 2017 08:46 pm JST
  • Asia braces for an energy M&A bonanza

    DENPASAR, Indonesia Merger and acquisition activity in Asia's energy sector will accelerate this year as crude oil prices stabilize and major Western oil producers seek to divest assets in the region, analysts say.Royal Dutch Shell announced plans i

    March 16, 2017 10:00 am JST
  • Petronas prioritizes investment over dividend to state

    KUALA LUMPUR -- State-owned oil and gas operator Petronas said Tuesday it will allocate 60 billion ringgit ($13.5 billion) as capital expenditure in 2017 or 19% more than last year. Half of it is meant for upstream operations, as Petronas expects a

    March 14, 2017 09:50 pm JST
  • ASEAN businesses want clarity from Trump on trade

    KUALA LUMPUR -- Business groups in Southeast Asia are advocating the continuation of open trade policies, just as U.S. President Donald Trump looks to advance his protectionist agenda. More than anything, perhaps, companies across the Association of

    March 14, 2017 09:40 pm JST
  • Private hospitals target Southeast Asia's middle class

    TOKYO -- For middle-class Southeast Asians, medical care has meant choosing between costly high-grade private hospitals or cheap but ineffective public ones. Now a middle ground has formed.Private health care institutions popping up throughout emerg

    March 12, 2017 01:47 am JST
  • Malaysia braces for possible North Korean cyberattacks

    KUALA LUMPUR -- Malaysia has beefed up security on all fronts including cyberspace after diplomatic relations with North Korea deteriorated in the aftermath of the assassination last month of Kim Jong Nam, the estranged half-brother of leader Kim Jo

    March 9, 2017 09:50 pm JST
  • Double Dip Asia300

    Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG -- Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is s

    March 9, 2017 05:10 pm JST
  • Double Dip Asia300

    China's chill hits banks' bottom lines

    TOKYO -- Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8%

    March 9, 2017 05:10 pm JST
  • Double Dip Asia300

    Asia Inc. stumbles through two years of profit shrinkage

    BANGKOK -- In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later,

    March 9, 2017 10:00 am JST