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  • Japanese chemical maker gets its head out of the clouds

    TOKYO -- Japanese chemical maker Tokuyama has decided to rid itself of its "negative legacy" -- two polycrystalline silicon plants it built in Malaysia not even a decade ago at a cost of more than 200 billion yen ($1.8 billion).The investment accoun

    April 12, 2017 05:00 pm JST
  • Nicholas Spiro

    Asian corporate bond rally has gone too far

    For an indication of just how resilient emerging market assets have been since the upset victory of Donald Trump in the U.S. presidential election, look no further than Asian corporate bonds.Asia's emerging markets, which account for 45% of the main

    April 11, 2017 10:00 pm JST
  • Malaysia's February industrial output rises 4.7% on year, lags view

    KUALA LUMPUR (Nikkei Markets) - Malaysia's industrial output accelerated at a slower-than-expected pace in February, driven mostly by manufacturing and electricity sectors, official data released Tuesday show.The industrial production index - a meas

    April 11, 2017 07:52 pm JST
  • Malaysia's CIMB sets up fintech unit

    KUALA LUMPUR -- Malaysia's CIMB Group Holdings has created a standalone unit to develop innovative banking solutions using financial technology.The group said the unit, CIMB Fintech, will be a hub to experiment and realize digital ambitions as it st

    April 11, 2017 03:30 pm JST
  • Analysts guardedly optimistic about 2017 Asian growth

    Economists of major Southeast Asian countries revised up their growth forecasts for 2017 from three month ago due to brighter prospects for exports and in anticipation of U.S. President Donald Trump's pro-growth policies in the short term. Currently

    April 11, 2017 07:00 am JST
  • 20 years after crisis, economists see a hardier Southeast Asia

    TOKYO -- Southeast Asian countries deserve high marks for their development since the Asian financial crisis of 1997, according to a new survey of prominent local economists.Ongoing reforms have helped the economies achieve strong growth rates, whil

    April 11, 2017 07:00 am JST
  • Nikkei Asia300 Index loses as US rate caution, geopolitical risks weigh

    HONG KONG (Nikkei Markets) -- Asian stocks edged lower as the threat of rising U.S. interest rates and caution amid growing geopolitical tensions kept investors on the sidelines.The Nikkei Asia300 Index lost 0.1% or 1.5 points to 1,168.78. China Pet

    April 10, 2017 09:08 pm JST
  • Malaysia's March palm oil output surges to weigh on prices

    KUALA LUMPUR (Nikkei Markets) -- Malaysia's palm oil output surged in March, outpacing a robust export demand and lifting inventory for the first time this year, which cloud prospects of sharp gains in price of the commodity that is widely used in i

    April 10, 2017 08:48 pm JST
  • Mizuho opens $300m Islamic credit facility to Jeddah group

    KUALA LUMPUR -- Mizuho Bank Malaysia on Monday opened a $300 million credit facility to the Islamic Corporation for the Development of the Private Sector, or ICD.The two-year deal will finance projects in the member countries of ICD, the private sec

    April 10, 2017 08:30 pm JST
  • Singapore stocks gain, Malaysian shares fall as US borrowing costs rises

    SINGAPORE (Nikkei Markets) -- Shares in Singapore posted marginal gains while Malaysian stocks edged lower on Monday as a rise in the dollar and U.S. borrowing costs held back investors.The dollar index and U.S. bond yields rose Friday after a mixed

    April 10, 2017 08:13 pm JST
  • ASEAN-Japan Innovation Network formed to create new linkages

    KUALA LUMPUR -- Private business groups from Southeast Asia and Japan sealed a new alliance on Friday in Tokyo to promote economic cross-pollination.The ASEAN Business Club, a group of top companies in Southeast Asia, signed a memorandum of cooperat

    April 7, 2017 11:55 pm JST
  • Nikkei Asia300 Index slips after US strikes Syria

    HONG KONG (Nikkei Markets) -- Asian stocks fell on Friday as investor nerves were rattled after the U.S. carried out a missile strike on Syria following a deadly chemical attack in the nation's rebel-held area.The Nikkei Asia300 Index slipped 0.4% o

    April 7, 2017 08:35 pm JST
  • Singapore, Malaysian shares little changed as US strike on Syria dents risk appetite

    SINGAPORE (Nikkei Markets) -- Singapore shares ended little changed on Friday as a U.S. missile strike on Syria hurt investors' risk appetite, boosting demand for safe-haven assets. Malaysia shares recovered from losses to edge higher, helped by dem

    April 7, 2017 08:13 pm JST
  • Malaysia to drop Formula One race from 2018 citing dwindling returns

    KUALA LUMPUR (Kyodo) -- Malaysia announced Friday it will end the hosting of Formula One races from 2018 as it has become unprofitable after 19 years. The Formula One Management has agreed that the October 2017 race at the Sepang International Circu

    April 7, 2017 06:38 pm JST
  • ASEAN startups attracting more venture capital

    TOKYO -- Venture capital is soaring in Southeast Asia, and that bodes well for the region's startups.That was the message at the ASEAN-Japan Open Innovation Forum on Friday as speakers, ranging from the founders of startups to venture capitalists an

    April 7, 2017 06:30 pm JST
  • Asian stocks slide as US strike on Syria jolts risk appetite

    HONG KONG (Nikkei Markets) -- Asian shares stumbled as investors sold off risk assets after the U.S. carried out a missile strike on Syria in response to a chemical attack that killed scores of civilians in the nation's rebel-held area.The Nikkei As

    April 7, 2017 01:46 pm JST
  • The internet poised to dethrone TV as ad king

    PALO ALTO, U.S. -- Television's reign as the dominant advertising medium appears near its end, as sellers increasingly reach out to consumers through mobile devices.The rise of smartphones provides a tailwind for spending on internet ads, which is e

    April 7, 2017 08:00 am JST
  • Mizuho readies fund for ASEAN's smaller businesses

    TOKYO -- Mizuho Financial Group will establish a roughly 28 billion yen ($252 million) fund as early as summer to invest in small and midsize companies operating within the Association of Southeast Asian Nations.The fund will target businesses in co

    April 7, 2017 06:00 am JST
  • Malaysia's tourism tax weighs on hotel shares

    KUALA LUMPUR (Nikkei Markets) - Malaysian hotel shares are likely to remain under pressure for a while after lawmakers on Thursday decided to impose a tax on hotel rooms in a bid to boost state finances bruised by low oil prices.The so-called touris

    April 6, 2017 09:37 pm JST
  • Alibaba move fires up Malaysia's logistics stocks

    KUALA LUMPUR -- Shares in logistics companies have been riding high since Alibaba Group Holding announced last month it was setting up warehousing facilities in Malaysia, the online transaction giant's first such move outside China.Shares of Pos Mal

    April 6, 2017 09:03 pm JST