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  • LaLaport Kuala Lumpur mall breaks ground

    KUALA LUMPUR -- Mitsui Fudosan, Japan's largest integrated developer, broke ground on Tuesday on the Mitsui Shopping Park LaLaport Kuala Lumpur, one of Southeast Asia's largest retail spaces under development.The mall is being constructed in the cit

    June 20, 2017 11:20 pm JST
  • Axiata's unit edotco Group to buy Pakistani tower company for $90 million

    KUALA LUMPUR (Nikkei Markets) - Axiata Group, Malaysia's largest mobile telecom company by revenue, said Tuesday its infrastructure unit plans to acquire a Pakistani tower firm for $90 million to expand its operations in the South Asian nation.The a

    June 20, 2017 09:19 pm JST
  • Trilateral sea patrols take aim at Southeast Asian terror

    TARAKAN, Indonesia -- Indonesia, Malaysia and the Philippines are launching joint patrols to counter the rising threat of terrorism in regional waters as a growing number of fishermen and seamen fall victims to kidnappings by groups inspired by the

    June 20, 2017 02:21 am JST
  • Sapura Energy's 1Q net profit tumbles 75.5%

    KUALA LUMPUR -- Sapura Energy said on Monday that it is facing tough business conditions going forward after a poor performance in its first quarter, which ended on Apr. 30.Net profit tumbled 75.5% year on year to 27 million ringgit ($6.3 million) d

    June 19, 2017 10:23 pm JST
  • Singapore shares rise with region after data dents dollar, Malaysian stocks slip

    SINGAPORE (Nikkei Markets) -- Singapore stocks rose on Monday, mirroring gains in most Asian markets after softer-than-expected U.S. economic data pushed the greenback lower against most currencies.Malaysian equities bucked the trend, edging lower a

    June 19, 2017 07:49 pm JST
  • Indonesia, Malaysia and Philippines launch joint sea patrols

    JAKARTA/TARAKAN, Indonesia -- Indonesia, Malaysia and the Philippines on Monday began joint sea patrols meant to deter piracy and counter the growing threat of terrorism.Defense ministers from the three countries kicked off the "Indomalphi" triparti

    June 19, 2017 05:16 pm JST
  • Malaysia says FGV board had reasonable grounds to suspend execs

    KUALA LUMPUR (Reuters) -- The Malaysian government said on Monday that an independent probe into Felda Global Ventures Holdings (FGV) found that the board had reasonable grounds to initiate disciplinary proceedings against four of the firms' executi

    June 19, 2017 04:17 pm JST
  • Lotte Chemical to raise at least $1.38bn in Malaysia

    KUALA LUMPUR -- Lotte Chemical, a unit of the South Korean family-owned conglomerate Lotte, announced plans on Friday to raise up to 5.9 billion ringgit ($1.38 billion) through an initial public offering.The IPO will involve local unit Lotte Chemica

    June 16, 2017 09:23 pm JST
  • Top Glove guides for stronger sales after quarterly profit jumps 24%

    KUALA LUMPUR (Nikkei Markets) - Malaysia's Top Glove Corporation, the world's largest natural rubber glove maker by capacity, Friday guided for higher sales in the final three months of its fiscal year despite challenging business conditions after t

    June 16, 2017 07:15 pm JST
  • Malaysia cries foul as US swoops in on 1MDB-linked bling

    KUALA LUMPUR -- Malaysian authorities on Friday denounced a U.S. effort to recover another $540 million worth of assets allegedly obtained with money taken from 1Malaysia Development Berhad, a state investment fund.The assets in question include a 9

    June 16, 2017 01:53 pm JST
  • U.S. moves to seize DiCaprio's Picasso, 'stolen' funds in 1MDB case

    WASHINGTON (Reuters) -- U.S. authorities moved on Thursday to seize a Picasso painting given to American movie star Leonardo DiCaprio and the rights to two Hollywood comedies, as they filed complaints to recover about $540 million they say was stole

    June 16, 2017 06:00 am JST
  • UN launches second round of nuclear ban talks

    UNITED NATIONS -- Delegates from more than 80 countries kicked off a second and possibly final round of negotiations Thursday on an international treaty to ban nuclear weapons, seeking to adopt a final text by the July 7 end of the conference."As we

    June 16, 2017 05:30 am JST
  • Mitsubishi building homes in China, Southeast Asia

    TOKYO -- Mitsubishi Corp. will supply around 26,000 homes in China and four Southeast Asian nations over the next seven years, hoping to attract the regions' growing middle class.The project is expected to cost a total of 390 billion yen ($3.52 bill

    June 16, 2017 03:07 am JST
  • HSBC to spend $250 million on new Malaysian headquarters

    KUALA LUMPUR -- HSBC Bank Malaysia signed a $250 million deal on Thursday to build a headquarters in the country's capital in an effort to grow its franchise.The deal makes HSBC the first foreign bank to set foot on the Tun Razak Exchange, a state-d

    June 15, 2017 10:31 pm JST
  • Southeast Asia tries on affordable Middle East fashions

    KUALA LUMPUR -- Max Fashion, owned by Dubai-based retailer Landmark Group, opened its first apparel store on Wednesday, targeting middle-income consumers while eyeing regional expansion.Its 1208-sq.-meter store in IOI City Mall on the outskirts of t

    June 15, 2017 06:49 pm JST
  • New delivery options brighten SE Asia's e-commerce outlook

    TOKYO/SINGAPORE -- Package delivery has long been a bottleneck for e-commerce in Southeast Asia, but things are changing -- thanks to startups offering various new ways to get orders into the hands of shoppers.Neighbors' homes and "smart" lockers se

    June 15, 2017 03:13 pm JST
  • Asian stocks slide as Fed ready to cut stimulus, raise rates again in 2017

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan fell Thursday after the U.S. Federal Reserve delivered a widely-expected rate increase and signaled there could be another hike to borrowing costs this year.The U.S. central bank on Wednesd

    June 15, 2017 02:44 pm JST
  • AIIB future rests on shedding Beijing influence

    TOKYO -- The China-led Asian Infrastructure Investment Bank will hold its second annual general meeting between June 16-18 on South Korea's Jeju Island. The bank, which has stuck to careful driving in its first year, looks ready to gain speed in yea

    June 15, 2017 02:19 pm JST
  • Ryuichi Kaga

    Asia faces challenges attracting infrastructure investment

    Asia just doesn't seem to have enough money to pay its infrastructure bills. And as demand for infrastructure development soars, governments are looking to the private sector for funding, but are having a tough time finding takers.Infrastructure inv

    June 15, 2017 01:55 pm JST
  • Anthony Couse

    Belt and Road's potential real estate boost

    Since the announcement of the Belt and Road Initiative by Chinese President Xi Jinping in 2013, the project has been perceived by many as a one-sided, Chinese ambition. Some have seen it as a massive enterprise to jump-start the Chinese economy befo

    June 15, 2017 12:00 pm JST