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  • CapitaLand's Ascott buys US accommodation provider for $33.7m

    SINGAPORE (Nikkei Markets) -- CapitaLand's wholly owned serviced residence business unit, The Ascott, will acquire an 80% stake in US accommodation provider Synergy Global Housing for $33.7 million, in a move that will triple its US portfolio to aro

    July 24, 2017 09:28 am JST
  • Hashtag Travelers

    Airbnb extends market leadership through experience-based tourism

    TOKYO/SINGAPORE -- It is a warm June morning and Zhang Yu, 35, is walking through a small neighborhood supermarket in Tokyo, wondering what ingredients would be needed for lunch.She had arrived from China a few days beforehand and, despite being on

    July 22, 2017 12:00 pm JST
  • Singaporean bank UOB planning wholly owned unit in Vietnam

    HO CHI MINH CITY -- Singapore's United Overseas Bank has gotten the green light to set up its first wholly owned Vietnamese subsidiary, targeting individuals and local businesses as well as foreign investors.The State Bank of Vietnam central bank on

    July 22, 2017 02:27 am JST
  • Flat sales, lower rents for Singapore's largest mall owner show pressure on retail

    SINGAPORE (Nikkei Markets) -- The tepid results of Singapore's largest retail landlord point to a continued struggle for mall owners in the city-state as they battle fast-changing consumer habits and an expected increase in the number of shopping ce

    July 21, 2017 09:34 pm JST
  • Singapore stocks post fourth week of gains; Malaysia shares advance

    SINGAPORE (Nikkei Markets) -- Singapore stocks rose this week, helped by a rally in real estate investment trusts after their earnings and expectations that the U.S. will be less aggressive in raising interest rates. Malaysia shares edged higher, en

    July 21, 2017 09:12 pm JST
  • Nikkei Asia300 index edges higher for week as technology stocks advance

    HONG KONG (Nikkei Markets) -- Asian shares outside of Japan rose this week, as heavyweight Tencent Holdings led a rally in technology stocks. Gains were also supported by China's second-quarter growth exceeding estimates.The Nikkei Asia300 index sli

    July 21, 2017 08:44 pm JST
  • Keppel returns to negative growth in June quarter

    SINGAPORE -- Singapore's state-linked conglomerate Keppel Corp. announced Thursday a 22.1% year-on-year fall in net profit for the second quarter ended June. The bottom line decreased to 160 million Singapore dollars ($116 million) due to ongoing sl

    July 21, 2017 01:19 am JST
  • Nikkei Asia300 index gains tracking Wall Street's rise to record

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan advanced Thursday, after all the three major U.S. indices rose to record levels overnight.The Nikkei Asia300 index added 0.1% to 1,286.75. The H-shares of ZTE jumped 10% after the telecom e

    July 20, 2017 08:10 pm JST
  • Singapore stocks snap five-day winning streak, Malaysia shares edge lower

    SINGAPORE (Nikkei Markets) -- Singapore shares fell Thursday, ending a five-day winning streak, as Hutchison Port Holdings, banks and telecom operators paced declines. Malaysia shares also ended lower, led by CIMB Group Holdings and Maxis.Hutchison

    July 20, 2017 07:25 pm JST
  • Hashtag Travelers

    Asian millennials are booking their own adventures

    BANGKOK -- What brought Somsri Sukumpantanasan, a 54-year-old office worker from Bangkok, all the way to Kojima, a remote coastal town in southwestern Japan, was simple: It was where her 17-year-old son's favorite pair of jeans came from."He wanted

    July 20, 2017 10:01 am JST
  • Asian millennials are booking their own adventures

    BANGKOK What brought Somsri Sukumpantanasan, a 54-year-old office worker from Bangkok, all the way to Kojima, a remote coastal town in southwestern Japan, was simple: It was where her 17-year-old son's favorite pair of jeans came from."He wanted to

    July 20, 2017 10:00 am JST
  • Fintech factor key to Southeast Asian banks' growth

    BANGKOK Southeast Asia's banking industry must embrace the digital revolution, including the rise of fintech, to seize opportunities to cater to the region's growing middle class, business leaders said at a panel session of the forum.One of the keys

    July 20, 2017 10:00 am JST
  • Asia a bright spot in an uncertain world, say ASEAN business leaders

    BANGKOK Growing protectionist sentiment in the West and a volatile security situation in the Middle East have made Asia into a relative bright spot in an otherwise bleak global environment, according to participants at a business forum in the Thai c

    July 20, 2017 10:00 am JST
  • Chief disrupter Airbnb faces a backlash on three fronts

    TOKYO/SINGAPORE It is a warm June morning and Zhang Yu, 35, is walking through a small neighborhood supermarket in Tokyo, wondering what ingredients would be needed for lunch.She had arrived from China a few days beforehand and, despite being on her

    July 20, 2017 10:00 am JST
  • Mandiri aims to tap Singapore asset pool uncovered in tax hunt

    JAKARTA -- Bank Mandiri, Indonesia's largest state-owned lender, on Wednesday said it is seeking to establish a private banking business in Singapore. The move comes amid a global crackdown on tax evasion that has exposed vast Indonesian wealth park

    July 19, 2017 11:45 pm JST
  • NetLink NBN Trust makes muted debut on SGX despite strong response to IPO

    SINGAPORE (Nikkei Markets) - Despite strong demand for its initial public offering, shares of NetLink NBN Trust made a tepid debut on the Singapore Exchange Wednesday, reinforcing views that the counter offered a fairly attractive dividend but littl

    July 19, 2017 10:11 pm JST
  • Nikkei Asia300 advances on weak dollar, lower U.S. yields

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan advanced Wednesday as a weaker dollar and declining U.S. borrowing costs boosted appetite for regional assets.The Nikkei Asia300 index rose 0.6% to 1,285.94. Tencent Holdings hit a record,

    July 19, 2017 08:58 pm JST
  • Back by popular demand: lunch break at SGX

    SINGAPORE -- The lunch hour is coming back to the stock exchange here after whole-day trading proved unpopular with some market participants.Singapore Exchange announced Tuesday that it is reintroducing the midday break beginning Nov. 13. The U-turn

    July 19, 2017 02:22 am JST
  • GLP to develop Adidas distribution center

    SINGAPORE -- Singapore-listed warehouse operator Global Logistic Properties has signed an agreement with sportswear manufacturer Adidas to develop its largest distribution center in Asia, just days after announcing that it had accepted a Chinese con

    July 18, 2017 11:58 pm JST
  • Singapore M1 shareholders drop plan to sell company as quarterly profit drops

    SINGAPORE (Nikkei Markets) - The major shareholders of Singapore mobile operator M1 dropped plans to sell their controlling stake in the company after failing to get bids that met their requirements, underlining the decreasing appeal of the city-sta

    July 18, 2017 08:58 pm JST