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  • 21 nations sign accord for China-led development bank

    BEIJING -- A total of 21 countries signed a memorandum of understanding in Beijing on Friday for the establishment of a China-led multinational bank. Representatives from Southeast Asia and the Middle East, as well as China, India and Mongolia,

    October 24, 2014 02:00 pm JST
  • Japanese brewers seek Asia-Pacific growth for flagship beers

    TOKYO -- Kirin Brewery will start selling its mainstay Ichiban Shibori beer by the keg in Malaysia this fall, while rival Asahi Breweries is getting ready to open an Australian bar showcasing its claim to fame, Super Dry. Both Japanese brewers s

    October 24, 2014 01:15 am JST
  • Frederic Neumann: Asia should keep cutting subsidies

    That reforms are urgently needed in Asia to keep growth humming along is not exactly a secret. And it is easy to dismiss efforts so far as feeble, at best. Leaders throughout the region have made many ambitious promises on this front, but implementa

    October 23, 2014 12:00 am JST
  • Widodo takes reins amid hopes, challenges

    JAKARTA -- Joko Widodo was sworn in as Indonesia's seventh president on Oct. 20. The country's first leader from outside its circle of elites, Widodo has raised hopes with his promises to tackle corruption, narrow the budget deficit and cut red tape

    October 23, 2014 12:00 am JST
  • Asia faces bubble trouble as Fed pulls back

    TOKYO -- The imminent normalization of U.S. monetary policy may spell bad news for investors. How bad? According to a recent report by the International Monetary Fund, the shift could see market players lose 8%, or $3.8 trillion, on their bond portf

    October 23, 2014 12:00 am JST
  • High growth in Asia-Pacific of high net worth individuals

    SINGAPORE -- The wealth held by high net worth individuals (HNWIs) in emerging Asia is predicted to grow at about 12.3% annually from 2013 to 2016, and at about 8.4% for their counterparts in more mature Asian economies, according to the Asia-Pacifi

    October 21, 2014 09:07 pm JST
  • CIMB to buy stake in Indonesian 7-Eleven operator

    JAKARTA/KUALA LUMPUR -- Malaysian bank CIMB Group agreed Monday to buy a 10% stake in Indonesia's Modern Internasional, parent company of the operator of 7-Eleven convenience stores in Indonesia. CIMB Private Equity, a wholly owned investment a

    October 21, 2014 04:23 pm JST
  • BBC to push global news brand in Southeast Asia

    TOKYO -- BBC Global News, the international news arm of British Broadcasting Corp., will aggressively promote its brand in Southeast Asia and plans to launch a Japanese-language version of its website in 2015, Chief Executive Officer Jim Egan said.

    October 21, 2014 02:35 am JST
  • Indonesia's new president stresses self-reliance, maritime ambitions

    JAKARTA -- Indonesia's newly sworn-in president on Monday vowed to achieve political, economic and cultural self-reliance and rallied compatriots to "redeem our glory as a maritime country." "We will maintain a free and active" foreign policy as

    October 21, 2014 12:40 am JST
  • Yamato Transport to develop driver-training program for Malaysia

    TOKYO -- Japanese parcel-delivery company Yamato Transport will develop a program for training commercial drivers in Malaysia. It will obtain revenue by licensing the program to a local partner. Malaysia has five times more traffic deaths than J

    October 19, 2014 07:00 am JST
  • Signs of bubble collapse appearing in emerging Asia

    TOKYO -- The imminent normalization of U.S. monetary policy may spell bad news for investors. How bad? According to a recent report by the International Monetary Fund, the shift could see market players lose 8%, or $3.8 trillion, on their bond portf

    October 19, 2014 07:00 am JST
  • Malaysia's Astro to launch Asian documentary channel

    KUALA LUMPUR -- Pay-TV operator Astro Malaysia is launching documentary channel, Spark Asia with content focused on the region. The new channel, which will look at subjects such as science and technology, history and the environment, will be pro

    October 17, 2014 04:50 pm JST
  • Anders Corr: China threat requires an Asian NATO

    China's increasing belligerence in the East and South China seas, and toward India, has fundamentally destabilized the security dynamics of Asia. Japan is seeking a closer alliance with India and is likely seeking advanced offensive weapons from the

    October 16, 2014 12:00 am JST
  • Indonesia rubber woes highlight infrastructure deficits

    JAKARTA -- Amid a sustained fall in global rubber prices, the head of Indonesia's main rubber producers' group has warned that the industry faces decline unless President-elect Joko Widodo takes urgent action to improve the country's infrastructure.

    October 15, 2014 07:00 pm JST
  • ASEM's 10th summit most important yet

    Asia matters -- for Europe. And Europe matters -- for Asia. That is why the Asia-Europe Meeting (ASEM) was created in 1996. That is why it has become the key forum for dialogue and cooperation between Europe and Asia. And that is why on Oct. 16 and

    October 15, 2014 06:40 pm JST
  • Malaysia's Top Glove adding capacity despite profit slide

    KUALA LUMPUR -- Heavier energy costs and competition have dented profits at Malaysia's Top Glove, the world's largest rubber glove maker. For the business year ended Aug. 31, Top Glove's net profit decreased 8% year on year to 180 million ringgi

    October 15, 2014 05:30 pm JST
  • Petronas snapping up Central Asian oil and gas assets from Statoil

    KUALA LUMPUR -- Malaysia's state oil firm Petronas is spending $2.25 billion to acquire oil and gas interests in Azerbaijan currently owned by Norway's Statoil. The Norwegian firm told stock exchanges Monday that it has divested its 15.5% partic

    October 15, 2014 12:30 pm JST
  • Frederic Neumann: Asia should keep cutting subsidies

    That reforms are urgently needed in Asia to keep growth humming along is not exactly a secret. And it is easy to dismiss efforts so far as feeble, at best. Leaders throughout the region have made many ambitious promises on this front, but implementa

    October 15, 2014 09:30 am JST
  • Rubber slump prompts call for stronger international cartel

    KUALA LUMPUR -- As the price of rubber tumbles, Malaysia has called on producing countries not to sell natural rubber at less than the production cost of $1.50 per kg, and to convene a ministerial level meeting next year to address the problem.

    October 13, 2014 08:15 pm JST
  • Smartphones drowning out other electronics in Southeast Asia

    BANGKOK/JAKARTA -- Smartphones have now come to dominate the market for electronics in Southeast Asia, overshadowing other products and even eating away at their sales. Their spread is also changing consumer behavior in the region. Whereas regio

    October 11, 2014 05:10 am JST