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  • BBC to push global news program in Southeast Asia

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

    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
  • Malaysia, neighbors scrambling to beef up finances

    KUALA LUMPUR -- The Malaysian government is working on improving the Southeast Asian nation's financial health by raising taxes and cutting subsidies, in a bid to maintain confidence in the ringgit. Prime Minister Najib Razak unveiled plans Frid

    October 11, 2014 03:06 am JST
  • Malaysia's tough balancing act: fiscal reform with growth

    KUALA LUMPUR -- Malaysia is tackling its deficit with a new goods and services tax and subsidy rationalizations that it hopes will bring about a balanced budget by 2020. In unveiling the 2015 budget, Prime Minister Najib Razak, who is also finan

    October 10, 2014 09:55 pm JST
  • Palm oil prices on the rise internationally

    TOKYO -- International prices for palm oil, widely used in products ranging from detergents to confections, have climbed since the Malaysian government adopted policies promoting exports. Futures prices on the benchmark Malaysian market now stan

    October 10, 2014 01:55 am JST
  • Agreement reached to form Malaysia's next biggest bank

    KUALA LUMPUR -- CIMB Group Holdings, RHB Capital and Malaysia Building Society agreed Thursday to merge to form Malaysia's largest bank and a major Islamic bank. With combined assets of $190 billion, the three banks will overtake Maybank's $179

    October 9, 2014 10:33 pm JST
  • Malaysia's Sime Darby resumes pursuit of Papua New Guinea plantation company

    KUALA LUMPUR -- State-controlled Malaysian conglomerate Sime Darby is offering 1.073 billion pounds ($1.73 billion) to buy out New Britain Palm Oil, a plantation company in Papua New Guinea. Sime Darby said the cash offer follows its receipt of

    October 9, 2014 06:00 pm JST
  • Heavy borrowing leaves region at the mercy of fickle rates

    KUALA LUMPUR/JAKARTA/SINGAPORE -- Emboldened by a doubling in the value of the apartment she and her husband bought five years ago, Tan Mee Peng took out a 664,000 ringgit ($203,774) mortgage in July to buy a two-story house in Shah Alam, a suburb o

    October 9, 2014 12:00 am JST
  • Due for trouble? The risks of Southeast Asian households' debt habit

    Brisk expansion of consumer credit across Southeast Asia has created several pockets of highly indebted households. As global liquidity conditions tighten next year, this may crimp economic growth in the region. With the U.S. Federal Reserve on

    October 9, 2014 12:00 am JST