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  • Asean, Japan, China, South Korea to ease access to local currencies

    TOKYO -- Japan, China, South Korea and 10 Southeast Asian countries will join together to create a system to make it easier for private enterprises and banks to procure funds in local currencies when doing business in these countries. Finance mi

    April 27, 2014 02:00 am JST
  • Japan, US mustn't cast TPP adrift

    TOKYO -- The disappointment over the lack of a grand bargain on the Trans-Pacific Partnership here this week was felt far and wide. A crestfallen ethnic-Chinese entrepreneur hoping for market and structural reforms in Malaysia lamented that the

    April 26, 2014 06:19 am JST
  • Lingering disputes could spell trouble for TPP

    TOKYO -- Despite making some progress, Japan and the U.S. were unable to iron out their differences over the Trans-Pacific Partnership free trade agreement in time for the summit between Japanese Prime Minister Shinzo Abe and U.S. President Barack O

    April 26, 2014 05:26 am JST
  • Malaysia Airports' first-quarter revenue dives 24%

    KUALA LUMPUR -- Malaysia Airports Holdings Bhd, the Southeast Asian nation's airport operator, on Thursday reported a 24% year-on-year decline in revenue for the quarter through March. The figure came to 781 million ringgit ($239 million). In a

    April 25, 2014 05:38 pm JST
  • Malaysia's Media Prima not to air FIFA World Cup

    KUALA LUMPUR -- Malaysia's largest media company, Media Prima, said it will not broadcast the upcoming FIFA World Cup soccer matches due to the high cost. "We will not be carrying the World Cup matches because the cost is exorbitant," Group Mana

    April 25, 2014 12:50 pm JST
  • Nestle Malaysia hopes new factory will help growth

    KUALA LUMPUR -- Nestle Malaysia is upbeat about its new factory's potential to contribute to growth. The world's leading food producer expects the 150 million ringgit ($46 million) plant will add a 75% capacity increase to its production of ready-to

    April 24, 2014 07:10 pm JST
  • NTT Com opens fourth Malaysia data center

    CYBERJAYA, Malaysia -- NTT Communications opened a data center in Malaysia on Wednesday to target non-Japanese clients ahead of the economic integration of the Association of Southeast Asian Nations. Unlike its data centers in Hong Kong or Singa

    April 24, 2014 11:25 am JST
  • Without action today, Asia's future will be a dry one

    Asia is the world's largest and most economically dynamic continent. But it is also the driest, and its future may depend on how well it deals with what a U.N. panel on climate change is calling a growing risk of drought-related water and food short

    April 24, 2014 12:00 am JST
  • Japanese logistics give Southeast Asia the chills

    TOKYO -- Japan's logistics companies are rolling out cold-chain services in Southeast Asia, winning over local retailers, restaurants and the growing number of people in the region with higher disposable incomes. Southeast Asian consumers have t

    April 24, 2014 12:00 am JST
  • Halal expo bolsters Malaysia's status as gateway to Muslim market

    KUALA LUMPUR -- Tawfik Mellouki calls out to visitors passing his booth in the Kuala Lumpur Convention Centre. "Care for a glass of nonalcoholic wine from Provence, France?" To be precise, Mellouki is offering not wine but sparkling juices. But they

    April 24, 2014 12:00 am JST
  • Water, water, anywhere?

    Serious water shortages are affecting many parts of Asia. While the major factor behind the situation is climate change, which has exacerbated existing conditions such as drought, there are other factors at play. Much of Asia's population has tr

    April 24, 2014 12:00 am JST
  • Dry spell highlights Malaysia's water-policy weaknesses

    KUALA LUMPUR -- Rainfall is abundant throughout the year in tropical Malaysia and Singapore, with both countries receiving an average of more than 2,000mm of precipitation annually. But an unusual dry spell has kept policymakers on their toes and ra

    April 24, 2014 12:00 am JST
  • Malaysia to seek US understanding on TPP during Obama visit

    KUALA LUMPUR -- Malaysia will seek U.S. understanding of the challenges it faces in abiding by the terms of the Trans-Pacific Partnership when U.S. President Barack Obama visits Kuala Lumpur on April 26-28. The multilateral trade agreement will

    April 23, 2014 11:00 am JST
  • Affin looks for bank growth in Malaysia and beyond

    KUALA LUMPUR -- Affin Holdings, the Malaysia-based bank, is eager to grow. Already, it has tied up with Japan's Daiwa Securities and is looking for further expansion through bank acquisitions in Southeast Asia. Fresh from the 1.4 billion ringgit

    April 22, 2014 04:30 pm JST
  • Malaysia's Khazanah Nasional dips deeper into Turkey

    KUALA LUMPUR -- Malaysia's state-owned investment fund, Khazanah Nasional, has increased its investment in Turkey to over $2 billion, it said in a statement. Khazanah has spent $1.4 billion since 2008 through companies under its holding through inve

    April 22, 2014 12:00 pm JST
  • Frederic Neumann: Don't let TPP stumble over beef

    U.S. President Barack Obama heads for Tokyo this week. He will also travel to Malaysia, the Philippines and Korea. There are plenty of things to talk about in all these countries. But one item stands out, the centerpiece of America's supposed foreig

    April 21, 2014 04:00 pm JST
  • Japan's big worry over Crimea situation -- China's ambitions

    TOKYO -- Broadly speaking, there are two types of diplomatic talks involving government leaders -- well-prepared meetings with conclusions decided in advance, and earnest talks without any prepared endgame. Leaders from the Group of Seven major

    April 21, 2014 01:00 pm JST
  • 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