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  • 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
  • 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
  • Southeast Asia's gaming startups win by branching out

    TOKYO -- Gaming startups that take their cues from Chinese tech giant Tencent Holdings are on the rise in Southeast Asia, stoking investor interest in the potential for the same diversified approach to succeed in the region.The Garena exampleAt a ga

    March 22, 2017 12:00 pm JST
  • Philippines freezes gaming license issuances in Manila

    MANILA -- The Philippines will not issue any more casino licenses in the capital for five years after the industry regulator heeded oversupply concerns among existing investors.Andrea Domingo, chair of the Philippine Amusement and Gaming Corporation

    March 21, 2017 11:32 pm JST
  • San Miguel's net income surges 80% in 2016

    MANILA -- San Miguel, the Philippines' largest listed company by sales, on Thursday said net income surged 80% to 52 billion pesos ($1.04 billion) last year, fueled by a jump in earnings at its brewery and refinery.Last year's profit included an 11.

    March 16, 2017 08:55 pm JST
  • Duterte's six-year plan to spread the wealth

    MANILA While running for president of the Philippines last year, Rodrigo Duterte made a point of distancing himself from the business community, vociferously refusing any campaign funding from companies. Now, however, the new leader wants their help

    March 16, 2017 10:00 am JST
  • Multinationals in Asia: Heineken's future depends on Southeast Asia

    HANOI/GENEVA The world's second-largest brewer, Heineken, is on the offensive in Southeast Asia.The Dutch company plans to expand production capacity more than tenfold at its Vietnamese plant, and has begun operating new plants in other locations li

    March 16, 2017 10:00 am JST
  • Philippines' Aboitiz Power explores hydropower in Myanmar

    MANILA -- Aboitiz Power has started exploring potential hydroelectricity projects in Myanmar after withdrawing from a geothermal power deal in Indonesia, company President Antonio Moraza said on Wednesday.Moraza said feasibility studies are being un

    March 15, 2017 09:15 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
  • Jack Ma asked to pull fake cigarette tax stamps off Alibaba

    MANILA -- Philippine President Rodrigo Duterte's campaign against tax evasion and smuggling has reached Asia's largest e-commerce platform.On Friday, Finance Secretary Carlos Dominguez wrote Chinese billionaire Jack Ma, requesting he remove an adver

    March 14, 2017 02:00 am JST
  • Philippines' Ayala eager to fund more startups

    MANILA -- Philippine conglomerate Ayala Corp. is keen on investing in more developers of new technologies that complement its existing businesses, officials said on Monday.The company, which has already put around $50 million into startup companies,

    March 13, 2017 10:50 pm JST
  • Multinationals in Asia

    Heineken's 'future depends' on Southeast Asia

    HANOI/GENEVA -- The world's second-largest brewer, Heineken, is on the offensive in Southeast Asia.The Dutch company plans to expand production capacity more than tenfold at its Vietnam plant, and has begun operating new plants in other locations li

    March 12, 2017 12:00 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
  • 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
  • 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 stil

    March 9, 2017 10:00 am JST
  • 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% co

    March 9, 2017 10:00 am JST
  • Asian companies try to shake off two years of weaker profits

    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, th

    March 9, 2017 10:00 am JST
  • CEO in the news: Salim Group's man in Manila takes a final shot at telecom glory

    MANILA Manuel V. Pangilinan, the chief executive of top Philippine telecommunications company PLDT, receives a briefing each week from what he calls the "kids" of Voyager Innovations, a unit that develops "disruptive" technologies.They update their

    March 9, 2017 10:00 am JST