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  • Multinational in Asia

    Dyson bets on Asia to boost lineup of high-tech appliances

    SINGAPORE -- Dyson, known for its bagless vacuum cleaners and bladeless fans, wants to develop, make, and sell a lot more products in Asia.It didn't take long for the home appliance maker, founded in 1993, to become a household name. Its cord-free m

    April 2, 2017 01:00 pm JST
  • AirAsia plans joint venture in Vietnam for regional expansion

    KUALA LUMPUR (NewsRise) - AirAsia, Asia's largest budget airline by fleet, plans to establish a low-cost carrier in Vietnam with local partners as it seeks to expand its regional foot print by tapping into one of the world's fastest-growing aviation

    March 31, 2017 09:47 pm JST
  • Malaysia's Sapura Energy Q4 net loss tapers on lower impairment provisions

    KUALA LUMPUR -- Sapura Energy, formerly known as SapuraKencana Petroleum, reported narrower losses Friday, and that the downturn in the oil and gas sector remains a challenge.Net loss in the final quarter ended Jan. 31 eased to 172 million ringgit (

    March 31, 2017 06:55 pm JST
  • Kim Jong Nam's body arrives in Beijing

    KUALA LUMPUR/BEIJING/SINGAPORE -- The body of Kim Jong Nam, the halfbrother of North Korean leader Kim Jong Un, arrived in Beijing early Friday morning. The body is thought to be en route to Pyongyang.Two men linked to the apparent assassination sev

    March 31, 2017 11:40 am JST
  • North Koreans linked to Kim Jong Nam's murder arrive in Beijing

    BEIJING/KUALA LUMPUR (Kyodo) -- Two men linked to the apparent assassination seven weeks ago of Kim Jong Nam were among a group of North Koreans who arrived in Beijing on Friday from Malaysia on a flight believed to be transporting his body.The pair

    March 31, 2017 09:29 am JST
  • Malaysia returns Kim Jong Nam's body to North Korea

    KUALA LUMPUR -- The Malaysian government said Thursday it has reached an agreement with North Korea to send the body of Kim Jong Nam to Pyongyang in exchange for the safe return of nine Malaysians barred from leaving the country since March 7.In add

    March 31, 2017 01:00 am JST
  • McDonald's Malaysia to spend $317m to almost double number of outlets

    KUALA LUMPUR -- McDonald's Malaysia will invest 1.4 billion ringgit ($317 million) to expand its network of stores in that country from 262 to 450 in 2025, the fast food operator said on Thursday.The expansion plan comes 100 days after Lionhorn, a u

    March 31, 2017 12:30 am JST
  • Swelling supply weighs on Malaysian retail property trusts' earnings

    KUALA LUMPUR (NewsRise) - Earnings of Malaysian retail property trusts are likely to stay under pressure this year as a supply rush of mall spaces and weak consumer sentiment limit prospects of growth in rental income.Rental reversion - a key measur

    March 30, 2017 08:19 pm JST
  • Asian Muslims cast a wary eye on Trump's travel ban

    JAKARTA/KUALA LUMPUR When Annisa Rochadiat made a recent trip to Japan, she was worried about whether she would be able to re-enter the U.S. The Indonesian national has been living in Detroit for the past few years, and this was the first time she h

    March 30, 2017 10:00 am JST
  • 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