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  • Investors eye Malaysia state election

    KUALA LUMPUR -- Malaysian investors are placing bets on the results of this weekend's state assembly election in Sarawak, the country's biggest state by area and an important natural resources producer.The May 7 election will be crucial for the ru

    May 6, 2016 02:30 am JST
  • Alibaba's $130 millionfund to invest in Hong Kong's GoGoVan

    HONG KONG -- China's e-commerce giant Alibaba Group Holding is set to provide venture capital for GoGoVan, an online logistics platform based in Hong Kong.Through its Hong Kong Entrepreneurs Fund, a not-for-profit initiative launched last year, Alib

    May 6, 2016 02:19 am JST
  • Hero MotoCorp

    Quarterly profit jumps 71% as lower raw material costs help

    MUMBAI (NewsRise) -- Hero MotoCorp, India's largest two-wheeler maker, said fourth-quarter net income jumped about 71%, in line with expectations, as lower commodity prices helped boost margins despite a slowdown in demand in the nation's rural econ

    May 6, 2016 01:58 am JST
  • Malaysian rail project

    96 companies shortlisted for $2.25 billion bid to pump up economy

    KUALA LUMPUR (NewsRise) - Malaysia has shortlisted 96 companies for a rail project worth nine billion ringgit ($2.25 billion) as it pushes ahead with massive infrastructure development initiatives to keep its oil-dependent economy humming.The pre-qu

    May 6, 2016 01:50 am JST
  • India evaluates used iPhone threat level

    MUMBAI -- India's environment ministry has yet to make a call on whether refurbished Apple iPhones can be sold in the country following opposition to the scheme from the telecoms ministry and domestic industry. In December, Apple sought official pe

    May 6, 2016 01:20 am JST
  • Alibaba sales soar 39%, despite the slowdown

    HONG KONG -- Alibaba Group Holding seems unhurt by a wider economic slowdown in China as the e-commerce giant reported a 39% rise in its fourth-quarter revenue, boosted by growth in online transactions.Turnover beat analysts' forecasts to reach 24.2

    May 6, 2016 12:50 am JST
  • Poe fights on as Duterte secures religious sect

    MANILA -- Rodrigo Duterte, the front-runner in Monday's presidential election, today confirmed the support of an influential religious group, opening up a double-digit lead over his closest rivals, Mar Roxas and Grace Poe, in the five-horse race. P

    May 6, 2016 12:00 am JST
  • Reliance Power bags $1.3 billion LNG-based project in energy-starved Bangladesh

    NEW DELHI -- Indian energy firms are aggressively seeking to expand their presence in neighboring Bangladesh, which is aiming to double its power generation capacity to 24 gigawatts a day by 2021 to meet growing demands. Reliance Power is the lates

    May 5, 2016 11:30 pm JST
  • Indian market wrap:

    Shares overtake region on buying in healthcare, index heavyweights

    MUMBAI (NewsRise) -- Indian shares rose for the first time this week Thursday, outperforming regional indices, as investors picked up select healthcare stocks and blue chips, even as global growth concerns weighed on sentiment.The benchmark BSE Sens

    May 5, 2016 11:00 pm JST
  • Commentary

    Fraser Howie -- Deflating China's latest market bubble

    China never seems to just have bull markets: it's bubble or bust. After last year's stock market boom and bust, the past few months have seen a commodity bubble seemingly appear from nowhere.On the back of some signs of economic stabilization and ma

    May 5, 2016 10:30 pm JST
  • Catcher Technology sales, profits drop on Apple gloom

    TAIPEI -- Metal casing supplier Catcher Technology on Thursday reported a weak first quarter with both revenue and net profit falling thanks to a slump in global demand for Apple's iPhones, and warned of dim outlook for the April-June period.Catcher

    May 5, 2016 10:10 pm JST
  • Malaysian market wrap:

    Shares resume slide as growth woes grip markets

    KUALA LUMPUR (NewsRise) -- Malaysian shares fell to near two-month lows Thursday, as global growth worries remained at the forefront of investor concerns after tepid economic reports out of U.S. and China.The nation's benchmark FTSE Bursa Malaysia K

    May 5, 2016 09:45 pm JST
  • Think before you buy overseas, says China's Fosun CEO

    HONG KONG -- Fosun International has made some of China's highest-profile overseas deals in recent years, but CEO Liang Xinjun said that companies can only succeed with a clear strategy."The reason [those assets] become so cheap is that there is no

    May 5, 2016 08:10 pm JST
  • Vietnam's FPT invests $10 million in submarine cable project

    HO CHI MINH CITY -- Vietnam's leading IT group FPT revealed it has made a $10 million investment in the Asia-Pacific Gateway submarine cable project, which is scheduled to be operational this year. The underwater cable communication network will con

    May 5, 2016 08:00 pm JST
  • Suu Kyi punts on Rohingya issue

    YANGON -- Before Aung San Suu Kyi's National League for Democracy routed all comers in Myanmar's elections last November, many speculated that even if her party was always going to win a free and fair vote, the extent of the victory could be curtail

    May 5, 2016 07:30 pm JST
  • Reflections on contemporary Pyongyang: More cars, more color

    PYONGYANG -- In the runup to the first congress of North Korea's ruling Workers' Party in 36 years, the reclusive regime granted foreign media the opportunity to tour the capital with government minders. For this reporter, it was an opportunity to r

    May 5, 2016 07:00 pm JST
  • Malaysia reforms 1MDB, hopes for fresh start

    KUCHING, Malaysia -- 1 Malaysia Development Berhad, the troubled state fund, will undergo reorganization including the removal of its powerful advisory board. The move aims to give the fund a fresh start and to improve its tarnished image by passing

    May 5, 2016 06:00 pm JST
  • China stock slightly up but trading remains light on growth concerns

    SHANGHAI (Reuters) -- China stocks rose slightly on Thursday, but trading volume remained near four-month lows amid fresh signs that the country's nascent economic recovery is resting on weak foundations.The CSI300 index of the largest listed compan

    May 5, 2016 04:19 pm JST
  • Commentary

    Keith B. Richburg: US looks set for a nasty presidential election

    Donald Trump, the billionaire real estate mogul turned reality television star, is now the de facto Republican nominee for president following his landslide primary win on May 3 in Indiana and the departure from the race of his last two remaining ri

    May 5, 2016 03:45 pm JST
  • Japan, South Korea displaying ancient statues to fete friendship

    TOKYO -- The two sculptures share more than a passing resemblance and may well be described as distant relatives. And soon, these Japanese and Korean national treasures of Buddhist art will sit side by side for the first time.The Japanese sculpture

    May 5, 2016 01:00 pm JST