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  • Ex-Asean head warns of 'slow' economic integration

    BANGKOK -- Progress toward economic integration of the Association of Southeast Asian Nations will likely be slow due to a lack of strong leadership, according to Surin Pitsuwan, former secretary general of Asean and one of the architects of its pla

    October 30, 2014 01:00 pm JST
  • Singapore Airlines charts new course for cash-burning Tigerair

    SINGAPORE -- Singapore Airlines is coming to the rescue of its Tiger Airways unit, a low-cost carrier scarred by competition in one of the world's toughest short-haul markets: Southeast Asia. Singapore-based Tigerair has been turning tail after

    October 30, 2014 02:18 am JST
  • Malaysia uses biodiesel to tackle palm oil surplus

    KUALA LUMPUR -- In a move to reduce stocks of crude palm oil that have depressed prices, Malaysia is blending more palm oil into diesel for sale at gas stations nationwide. Since June 2011, motorists have been able to purchase a biodiesel blend

    October 28, 2014 09:53 pm JST
  • Big shopping malls taking root in Asia's suburbs

    TOKYO -- In a reflection of rising car ownership, large suburban-style shopping malls are popping up in China and Southeast Asia, with Japanese companies among the builders. Japanese real estate giant Mitsui Fudosan will invest roughly 1.8 billi

    October 28, 2014 06:45 am JST
  • Newest TPP talks disappoint as US, Japan remain in stalemate

    SYDNEY -- A ministerial meeting over a Pacific free trade initiative concluded here Monday without yielding significant results, making it highly unlikely that a basic agreement will be reached by the year-end. U.S. Trade Representative Michael

    October 28, 2014 05:00 am JST
  • TPP ministers left with hurdles before clinching a deal

    SYDNEY (Kyodo) -- Ministers from 12 countries engaged in a Pacific Rim free trade initiative said their talks advanced during a three-day meeting that wrapped up Monday in Sydney, but some contentious issues remain to be resolved before clinching a

    October 27, 2014 11:30 am JST
  • 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