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  • Singapore, Malaysia stocks rise after Wall Street gains on Trump tax reform bets

    SINGAPORE (Nikkei Markets) -- Singapore shares edged higher and Malaysia stocks climbed to almost two-year highs on Friday, following an overnight rally on Wall Street amid renewed optimism over U.S. tax reforms.U.S. stocks rallied overnight after T

    April 21, 2017 07:32 pm JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some prob

    April 21, 2017 12:00 pm JST
  • Public Bank's first quarter net profit rises 1.6%, seeks to raise fee income

    KUALA LUMPUR (NewsRise) - Public Bank, Malaysia's third-largest bank by assets, said Thursday its net profit grew 1.6% in the first quarter from a year earlier thanks to higher net interest income and better Islamic banking business.Net profit for t

    April 20, 2017 08:35 pm JST
  • Asian startups step out of Silicon Valley's shadow

    TOKYO/JAKARTA -- Nur Dwi Sasi's daily commute to her workplace in South Jakarta used to be a daunting task. The 47-year-old office worker had to walk in the scorching heat to catch a jam-packed minibus before changing to another, equally crowded bus

    April 20, 2017 12:00 pm JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some problem

    April 20, 2017 10:00 am JST
  • Asian startups step out of Silicon Valley's shadow

    TOKYO/JAKARTA Nur Dwi Sasi's daily commute to her workplace in South Jakarta used to be a daunting task. The 47-year-old office worker had to walk in the scorching heat to catch a jam-packed minibus before changing to another, equally crowded bus. T

    April 20, 2017 10:00 am JST
  • Beijing hits South Korea in the pocketbook over THAAD

    JEJU/SEOUL, South Korea The pub near the Lotte Hotel on Jeju Island was deserted on the evening of March 16, one day after Chinese authorities banned group tours from visiting South Korea.The owner of the beer hall, simply called Island, is normally

    April 20, 2017 10:00 am JST
  • Southeast Asia shrugs off the 1997 financial crisis

    TOKYO The 1997 financial crisis that slammed Asia took its toll on Southeast Asian nations. Since weathering the storm, they now appear in good shape as regards development. But work remains to be done.That's the prognosis from a prominent group of

    April 20, 2017 10:00 am JST
  • Malaysia's Retirement Fund to buy stake in Axiata's tower unit for $100 million

    KUALA LUMPUR (Nikkei Markets) - Axiata Group, Malaysia's biggest telecom company by revenue, said Tuesday state-run Retirement Fund Inc has agreed to buy a stake in its tower infrastructure unit edotco Group for $100 million.The pension fund, which

    April 18, 2017 09:00 pm JST
  • Mounting geopolitical worries drive Malaysian shares to over 1-month low

    KUALA LUMPUR (Nikkei Markets) - Malaysia's shares shed 0.6% this week, falling to the lowest levels in more than a month on Friday as mounting geo political tension and Wall Street's overnight losses kept many investors on the side lines.Trading was

    April 14, 2017 08:11 pm JST
  • Malaysia's SP Setia plans to buy I&P Group for up to $849.86 million

    KUALA LUMPUR (Nikkei Markets) - Malaysian real estate firm SP Setia, the joint developer of London's iconic Battersea project with Sime Darby, Friday said it plans to acquire I&P Group from its major shareholder Permodalan Nasional in a deal worth u

    April 14, 2017 07:30 pm JST
  • Singapore shares post worst fall in 3 weeks, Malaysia stocks drop on U.S. cues

    SINGAPORE (Nikkei Markets) -- Singapore shares suffered their worst fall in three weeks on Thursday, as a decline in U.S. bond yields dragged banking stocks lower. Malaysian stocks, weighed by overnight losses on the Wall Street and a drop in crude

    April 13, 2017 08:10 pm JST
  • ASEAN and Japan aim to foster startups in Southeast Asia

    TOKYO Venture capital investment is booming in Southeast Asia, boding well for the region's startups. And there is greater scope for collaboration between businesses in the region and in Japan to make innovation happen.That was the message at the AS

    April 13, 2017 10:00 am JST
  • Price spikes feared as Asia's aging oil fields dry up

    SINGAPORE A global focus on rising oil output in the U.S. has overshadowed an important trend elsewhere in the market. Falling oil production in Asia is forecast to accelerate as major fields dry up, which will stiffen demand for foreign barrels and

    April 13, 2017 10:00 am JST
  • South Korea's export recovery is on thin ice

    HONG KONG Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at hom

    April 13, 2017 10:00 am JST
  • South Korea's export recovery is on thin ice

    HONG KONG -- Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at

    April 12, 2017 06:30 pm JST
  • Malaysia's CIMB sets up fintech unit

    KUALA LUMPUR -- Malaysia's CIMB Group Holdings has created a standalone unit to develop innovative banking solutions using financial technology.The group said the unit, CIMB Fintech, will be a hub to experiment and realize digital ambitions as it st

    April 11, 2017 03:30 pm JST
  • Nikkei Asia300 Index loses as US rate caution, geopolitical risks weigh

    HONG KONG (Nikkei Markets) -- Asian stocks edged lower as the threat of rising U.S. interest rates and caution amid growing geopolitical tensions kept investors on the sidelines.The Nikkei Asia300 Index lost 0.1% or 1.5 points to 1,168.78. China Pet

    April 10, 2017 09:08 pm JST
  • Malaysia's March palm oil output surges to weigh on prices

    KUALA LUMPUR (Nikkei Markets) -- Malaysia's palm oil output surged in March, outpacing a robust export demand and lifting inventory for the first time this year, which cloud prospects of sharp gains in price of the commodity that is widely used in i

    April 10, 2017 08:48 pm JST
  • Singapore stocks gain, Malaysian shares fall as US borrowing costs rises

    SINGAPORE (Nikkei Markets) -- Shares in Singapore posted marginal gains while Malaysian stocks edged lower on Monday as a rise in the dollar and U.S. borrowing costs held back investors.The dollar index and U.S. bond yields rose Friday after a mixed

    April 10, 2017 08:13 pm JST