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  • Price spikes feared as Asian oil production drops

    SINGAPORE -- A global focus on rising oil output in the U.S. has overshadowed an important trend elsewhere in the market. Falling oil production in Asia is forecast to accelerate as major fields dry up, which will stiffen demand for foreign barrels

    March 29, 2017 07:40 pm JST
  • Malaysia inspects North Korean coal ship for possible U.N. sanctions breach -- Reuters

    KUALA LUMPUR (Reuters) -- Malaysia briefly prevented a North Korean ship carrying coal from entering its port in Penang because of a suspected breach of United Nations sanctions, a port worker and Malaysian maritime officials told Reuters on Wednesd

    March 29, 2017 05:17 pm JST
  • Pankaj Ghemawat and Phillip Bastian

    Southeast Asia's globalization outperformers

    While few observers would be surprised that Singapore is one of the world's most globalized countries, it may raise some eyebrows that the city-state's Southeast Asian neighbors Cambodia, Vietnam and Malaysia also stand out relative to what might be

    March 29, 2017 01:30 pm JST
  • Astro Malaysia expects stronger year after fourth quarter net profit falls 29%

    KUALA LUMPUR (NewsRise) - Pay-television operator Astro Malaysia Holdings said Tuesday its net profit for the fiscal fourth quarter fell nearly 29% on-year but flagged a stronger year ahead on the back of its efforts to expand subscriber base, boost

    March 28, 2017 09:19 pm JST
  • Top Glove to form joint venture with Japan's Fimatec, move seen to cut cost in long-run

    KUALA LUMPUR (NewsRise) - Top Glove Corporation, the world's largest rubber glove maker by capacity, is partnering Japan's Fimatec to produce reinforcement agent used in manufacturing of gloves in a move that analysts said will help reduce cost in t

    March 28, 2017 07:48 pm JST
  • Public Bank aims to grow non-interest income as loan growth pace slows

    KUALA LUMPUR (NewsRise) - Public Bank, Malaysia's third-largest bank by assets, aims to raise non-interest income this year as loan growth decelerates amid intense competition.The bank is targeting a loan expansion between 6% and 7% this year compar

    March 27, 2017 09:20 pm JST
  • Microinsurance closes gaps in social safety nets

    TOKYO "I was very worried [about the hospital bill] because my father was in [intensive care] for a long time," said Sheryl Tan, recalling the two painful months leading up to her father's death last year. "So I was relieved when I heard that Medi

    March 26, 2017 04:30 pm JST
  • Insurers help to pay for Asia's infrastructure needs

    BANGKOK -- A recent $150 million refurbishment of two decades-old geothermal power plants on the Philippine island of Luzon may sound like just another project aimed at overcoming the country's severe electricity shortages. But, for Asia's insurance

    March 26, 2017 01:40 am JST
  • Formula One Asian expansion stalls amid growing losses

    SEOUL -- When the 2017 Formula One season motor racing gets underway in a roar of engines on Melbourne in Sunday, it will signal the start of another crucial year for the sport, especially in the Asia-Pacific region.Boasting the fastest race cars in

    March 25, 2017 09:00 am JST
  • Nikkei Asia300 Index gains on week even as Trump jitters weigh

    HONG KONG (NewsRise) -- Asian stocks managed modest gains this week, helped by advances in heavyweights after earnings, even as uncertainty about U.S. President Donald Trump's economic policies dampened sentiment.The Nikkei Asia300 Index edged 0.02%

    March 24, 2017 10:35 pm JST
  • Malaysia's inflation jumps to eight-year high in February on costlier fuel, food

    KUALA LUMPUR (NewsRise) - Malaysia's inflation accelerated to an eight-year high in February driven by costlier food and retail fuel, but economists don't expect the central bank to change its on-hold stance this year.The consumer price index - Mala

    March 24, 2017 07:29 pm JST
  • Alibaba eyes expansion beyond China

    KUALA LUMPUR -- China's Alibaba Group Holding, the world's largest online transaction company, is looking at developing economies with large, young populations and numerous small enterprises as its next growth engines.Better known for online marketp

    March 24, 2017 12:20 am JST
  • Michael Vatikiotis

    ASEAN at 50: Uncertain times call for smart diplomacy

    As the Association of Southeast Asian Nations celebrates its 50th anniversary, the complexity of the internal and external environment is severely testing its approach to cooperative security that rests, above all, on preserving the sovereignty of e

    March 23, 2017 09:40 pm JST
  • Malaysia's central bank projects economy to grow between 4.3% and 4.8% this year

    KUALA LUMPUR (NewsRise) - Malaysia's economic growth will likely pick up pace this year mainly driven by domestic demand, although inflation could edge higher as global oil prices perk up, Bank Negara Malaysia said Thursday.The third-largest Southea

    March 23, 2017 07:36 pm JST
  • Eco World International raises over $580 million in Malaysia's largest IPO so far this year

    KUALA LUMPUR (NewsRise) - Eco World International, the overseas arm of Malaysian real estate developer Eco World Development Group, has raised 2.58 billion ringgit ($580.18 million) in the country's biggest initial public offering in nearly two year

    March 23, 2017 07:17 pm JST
  • Indonesian bourse launches startup incubator

    JAKARTA -- The Indonesia Stock Exchange on Thursday launched a startup incubator that is already trying to point young companies toward initial public offerings.To get the ball rolling, the incubator is giving 24 startups shared working space in Jak

    March 23, 2017 04:45 pm JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 12:00 pm JST
  • ASEAN finds free trade a tougher sell in today's environment

    SINGAPORE -- People become aware of the divine power of a mantra only when they no longer hear it.People have been hearing world leaders inveigh against protectionism after official meetings for so long that they barely took notice. But the communiq

    March 23, 2017 11:30 am JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 10:00 am JST
  • Company in focus: Sime Darby bets its kingdom is better off in pieces

    KUALA LUMPUR Sime Darby, the world's largest plantation operator and palm oil producer, has hatched a plan to split into three separate listed entities. For starters, the Malaysian state-owned company sees this as a way to promote growth. It also wa

    March 23, 2017 10:00 am JST