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  • Panasonic to give Southeast Asia more latitude in electronics

    OSAKA -- Panasonic has firmed up plans for assigning headquarters functions to Southeast Asia as early as this summer for consumer electronics operations there. Planning and development of products will be localized, shifting decision-making aut

    April 19, 2014 05:43 am JST
  • Malaysia's MMC wins joint bid to build $306M water treatment plant

    KUALA LUMPUR -- Malaysian builder MMC Corp. revealed Thursday that it has jointly won a 994 million ringgit ($306 million) contract to supply water to the nation's capital. The project will be handled by MMC and two other companies, Salcon Engin

    April 18, 2014 06:30 pm JST
  • Analyst calls for Malaysian Airlines privatization

    KUALA LUMPUR -- Loss-making Malaysian Airlines should be privatized to turn it around and unlock the value of its profit-making subsidiaries, according to Maybank IB Research. An analyst at the research company said "it is ideal" to do so now, w

    April 18, 2014 05:10 pm JST
  • Malaysia stands firm on TPP ahead of Obama visit

    KUALA LUMPUR -- U.S. President Barack Obama hopes to make headway on Trans-Pacific Partnership talks during his trip to Malaysia on April 26, but the country aims to use its deepening ties with China for extra leverage. Obama will be the first U

    April 18, 2014 02:59 am JST
  • Suzuki aims for car that gets 40km per liter

    TOKYO -- Suzuki Motor says it will create cars that can run for 40km per liter of gasoline by improving its existing technologies. The moves comes as Suzuki seeks to reinforce its presence in emerging economies, where demand for efficient cars i

    April 17, 2014 01:00 pm JST
  • Fast-growing Asian companies set to take on world

    IHH Healthcare, Jollibee Foods, VGI Global Media -- these companies are not exactly household names in most countries. And they are dwarfed by their Western counterparts, say, Hospital Corporation of America, McDonald's or Publicis Omnicom Group. Bu

    April 17, 2014 12:00 am JST
  • Emerging markets grow their own corporate giants

    To find the business giants of the future, The Nikkei Veritas has created a list of companies with high return on equity in emerging countries, as well as some that satisfy certain requirements, including high return on sales. VGI Global Media is

    April 17, 2014 12:00 am JST
  • Rise of private companies a bellwether for Malaysia

    Companies with strong government connections have long dominated the Malaysian economy, making it difficult for others to grow. But that may be changing, as a new crop of private businesses raise their profiles at home and abroad. Take IHH Healt

    April 17, 2014 12:00 am JST
  • Asia dominates Veritas survey of emerging economies

    For the past decade or so, the biggest economic growth story has been emerging markets, particularly the large, fast-growing BRICs -- Brazil, Russia, India and China. But now may be a good time to cast the net wider to get a better idea where emergi

    April 17, 2014 12:00 am JST
  • Indian Ocean nations eye stronger 'blue economy'

    TOKYO -- Attempts to foster economic cooperation are gathering momentum among Indian Ocean nations. The Indian Ocean Rim Association is an organization made up of 20 countries with a combined population of over 2 billion people. It covers a vast

    April 17, 2014 12:00 am JST
  • Petronas retail arm to spend $215M to boost sales

    KUALA LUMPUR -- Malaysian national oil company Petronas' retail arm, Petronas Dagangan, has set aside 700 million ringgit ($215 million) as capital expenditures for 2014 to strengthen its domestic and overseas operations. "It will be used to inc

    April 16, 2014 07:00 pm JST
  • Pandas stomping on Malaysian stock market

    SINGAPORE -- Beijing's decision to delay the delivery of two pandas to Malaysia has hit the Southeast Asian country's stock market, pushing down shares closely linked with China. Concerns for worsening relations with the world's second-largest e

    April 16, 2014 01:00 pm JST
  • As Westerners exit, Asian investors enter Japanese stock market

    TOKYO -- While investors from Europe and the U.S. increasingly take to the sidelines in the Japanese stock market, counterparts in Asia are snapping up shares in the country. WisdomTree Japan Hedged Equity Fund, a leading U.S. exchange-traded fu

    April 16, 2014 03:43 am JST
  • Newer Asean members' revenues pinched by free trade zone

    HANOI -- Less-developed members of Asean are struggling to replace tax revenues being lost as they move to reduce tariffs in line with the Southeast Asian bloc's plans for regional economic integration. To promote free trade across the region, m

    April 16, 2014 02:10 am JST
  • AirAsia reverses course, will move into the new budget terminal

    KUALA LUMPUR -- In a twist of events, AirAsia said Tuesday it will move into a new terminal for budget carriers that is scheduled to open here next month, backtracking from a decision it made earlier amid pressure from the government. "Although

    April 15, 2014 11:53 pm JST
  • Malaysia's CIMB urges clarity as Asean integrates

    KUALA LUMPUR -- CIMB Group Holdings, a leading Malaysian banking group, says it is prepared for the imminent economic integration in Southeast Asia, but it urges ASEAN to define trade rules more clearly so businesses can plan ahead. In particular, t

    April 15, 2014 08:00 pm JST
  • Stephen Grenville: IMF ignores its own data on emerging economies

    Christine Lagarde, managing director of the International Monetary Fund, told the Group of 20 summit in St. Petersburg last September: "Just as some advanced economies have begun to gather momentum, many emerging markets are slowing." With this warn

    April 15, 2014 01:00 pm JST
  • Obama to visit Japan on April 23-25: White House

    WASHINGTON (Kyodo) -- U.S. President Barack Obama will visit Japan for three days from April 23 on the first leg of a weeklong Asian tour that will also take him to South Korea, Malaysia and the Philippines, the White House said Monday. Obama w

    April 15, 2014 10:01 am JST
  • Malaysian palm oil producer to raise output in Liberia

    KUALA LUMPUR -- Plantation major Kuala Lumpur Kepong will pump as much as $35.5 million into its Liberian subsidiary to boost palm oil production, amid a dearth of arable land in Malaysia and Indonesia. The investment will be made through the co

    April 15, 2014 12:35 am JST
  • Japan's tourism boom is just beginning

    TOKYO -- With a sharp rise in the number of overseas visitors to Japan, electronics retailer Laox is focusing on attracting customers from the rest of Asia. Laox now operates as a subsidiary of major Chinese retailer Suning Appliance. In a recen

    April 14, 2014 07:00 am JST