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  • Malaysia Airlines not cutting umbilical cord to government

    KUALA LUMPUR -- Malaysia Airlines is making its fourth attempt to rebuild itself since 2002, again via a public bailout. But some are skeptical the efforts will be any more successful this time around. The airline, which lost two aircraft this y

    August 30, 2014 06:25 am JST
  • Government throws $1.9B lifesaver to Malaysia Airlines

    KUALA LUMPUR -- The Malaysian state fund Khazanah Nasional is injecting 6 billion ringgit ($1.9 billion) in a bid to bring disaster-struck Malaysia Airlines to profitability by the end of 2017. The lifesaver will be used to delist the airline, t

    August 29, 2014 09:38 pm JST
  • Malaysia's IHH Healthcare sees Q2 net profit jump 33%

    KUALA LUMPUR -- IHH Healthcare's net profit for the April-June period surged 33% year-on-year to 209 million ringgit ($66 million). Malaysia's leading hospital management company attributed the performance to greater patient volumes and increased ca

    August 29, 2014 02:50 pm JST
  • Malaysia Airlines in financial nosedive

    KUALA LUMPUR -- Malaysia Airlines posted a net loss of 307 million ringgit ($97 million) for the quarter ending June 30 -- marking the national flag-carrier's sixth consecutive quarterly loss and almost doubling the shortfall suffered in the same pe

    August 28, 2014 11:00 pm JST
  • East Asian free-trade talks stumble over tariff rates

    TOKYO -- Sixteen Asia-Pacific nations negotiating a free-trade pact were unable to settle on a common target for tariff elimination at a ministerial meeting Wednesday in Naypyitaw, making a conclusion by the end of next year unlikely. This marke

    August 28, 2014 03:50 am JST
  • Southeast Asian car sales fell 16% in July

    BANGKOK -- Sales of new cars in six leading Southeast Asian countries slid 16% on the year to 259,840 units in July, the 15th straight month of declines. Sales volumes dropped in Indonesia, Thailand and Malaysia, the first time this year all of

    August 28, 2014 03:25 am JST
  • George Magnus: The clock is ticking for an aging Asia

    The rapid aging of the population is widely recognized as one of the most daunting challenges facing developed economies, such as Japan and Germany. Less attention has been paid to the fact that graying demographics are a ubiquitous global phenomeno

    August 28, 2014 12:00 am JST
  • Korn Chatikavanij: Prescriptions for Asean and Thailand: Better governance, stronger institutions

    Looking at the ongoing tragedy in Ukraine, it has become apparent that the conflict there is happening because of the weakened geopolitical positions of both the U.S. and Europe. This phenomenon is creating power vacuums in pockets around the world.

    August 28, 2014 12:00 am JST
  • Southeast Asia embracing Islamic finance

    SINGAPORE -- Islamic finance has been growing rapidly across the world. The market for this type of funding is projected to more than double to $2 trillion in 2014 compared with five years ago, according to a British association specializing in Isla

    August 28, 2014 12:00 am JST
  • KidZania CEO sees opportunity in Asia's education ethic

    MEXICO CITY -- From Sao Paulo to Moscow, KidZania is expanding around the world. It is particularly keen to branch out in Asia, where large cities and education-minded families spell vast opportunities for the children's theme park operator. CEO

    August 28, 2014 12:00 am JST
  • Let me edutain you: KidZania's high hopes for Asia

    TOKYO -- Mexico's KidZania is looking to Asia to expand its chain of entertainment and educational centers for children and to make the business truly global. There are seven KidZanias in Asia, including those in Tokyo, Bangkok, Jakarta and Mumb

    August 28, 2014 12:00 am JST
  • M&A deals between Southeast Asian businesses increasing

    TOKYO -- Southeast Asian companies are ramping up acquisitions in preparation for the region's economic integration next year, seeking to ensure that they can thrive in a global market. The value of mergers and acquisitions between Southeast Asi

    August 28, 2014 12:00 am JST
  • Malaysia's Axiata April-June net profit tumbles 44%

    KUALA LUMPUR -- The Axiata Group's net profit for the April-June quarter fell 44% year-on-year, to 393 million ringgit ($125 million). The group, which includes cellular service companies in Southeast and South Asia, attributed the decline to lower

    August 27, 2014 07:00 pm JST
  • Mitsubishi brewing up Indonesian tea business with Thai partner

    TOKYO -- Mitsubishi Corp. is entering the drinks business in Indonesia through a joint venture with Thai beverage producer Ichitan Group. The Japanese trading house partnered with Indonesia's Alfa Group in December 2011, taking a 40% stake in th

    August 27, 2014 04:03 am JST
  • Malaysia Airlines set for 'complete overhaul'

    KUALA LUMPUR -- Malaysia Airlines is expected to undergo radical restructuring that will include job cuts and contract amendments, according to local news reports on Tuesday. For the past few weeks, Khazanah Nasional, the state fund that owns al

    August 26, 2014 04:40 pm JST
  • Japan's sake brewers target Asia

    KOBE, Japan -- Sake exports hit a new record of more than 5.4 billion yen ($51.4 million) in the first half of this year. With the domestic market shrinking, sake brewers are rushing to develop products for foreigners and expand sales channels f

    August 26, 2014 01:00 pm JST
  • Forbes finds innovation strong in Southeast Asia

    SINGAPORE -- Two Southeast Asian companies have been ranked among the 10 most innovative in the world by Forbes magazine. In the tabulation by Forbes of the 'World's Most Innovative Companies', Unilever Indonesia, the Indonesian arm of the Anglo

    August 25, 2014 10:48 pm JST
  • Italy's Givi aims to boost Asia presence

    KUALA LUMPUR -- Italian motorbike accessories maker Givi continues in boosting its business in emerging markets through an Asian partnership. A joint venture in Malaysia, Givi Asia, has extended its presence in more than 10 countries in the regi

    August 25, 2014 07:00 pm JST
  • Southeast Asia embracing Islamic finance

    SINGAPORE -- Islamic finance has been growing rapidly across the world. The market for this type of funding is projected to more than double to $2 trillion in 2014 compared with five years ago, according to a British association specializing in Isla

    August 25, 2014 02:00 pm JST
  • New Daihatsu compact coming to Malaysia

    OSAKA -- Daihatsu Motor will introduce a highly fuel-efficient new compact in Malaysia as early as next month. Malaysian automaker Perodua, in which Daihatsu owns a 41% stake, will release the Axia, a vehicle based on the Ayla low-price compact

    August 23, 2014 01:56 am JST