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  • Singapore, Malaysia stocks rise after Wall Street gains on Trump tax reform bets

    SINGAPORE (Nikkei Markets) -- Singapore shares edged higher and Malaysia stocks climbed to almost two-year highs on Friday, following an overnight rally on Wall Street amid renewed optimism over U.S. tax reforms.U.S. stocks rallied overnight after T

    April 21, 2017 07:32 pm JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some prob

    April 21, 2017 12:00 pm JST
  • Foreign ministers of US, ASEAN to meet in May

    WASHINGTON -- The U.S. Department of State on Thursday said Secretary of State Rex Tillerson will chair a meeting with his counterparts from the Association of Southeast Asian Nations, to be held on May 4 in the U.S. capital.The foreign ministers wi

    April 21, 2017 10:30 am JST
  • Japan pushing to preserve agreed-on TPP framework

    TOKYO -- In moving ahead with the Trans-Pacific Partnership without the U.S., Japan will urge other member nations to stick with the tariff and commerce agreements reached under the previous 12-country framework to avoid tricky renegotiation.The Jap

    April 21, 2017 03:00 am JST
  • Roundtable ponders lessons to be drawn from Brexit in SE Asia

    KUALA LUMPUR -- Integration of Southeast Asian economies will fail in the absence of a shared vision, experts warned a business forum in Southeast Asia drawing on recent experience in Europe.According to Victoria Treadell, the British high commissio

    April 21, 2017 12:41 am JST
  • Public Bank's first quarter net profit rises 1.6%, seeks to raise fee income

    KUALA LUMPUR (NewsRise) - Public Bank, Malaysia's third-largest bank by assets, said Thursday its net profit grew 1.6% in the first quarter from a year earlier thanks to higher net interest income and better Islamic banking business.Net profit for t

    April 20, 2017 08:35 pm JST
  • 14-nation Pacific pact breaks through trade gloom

    AUCKLAND -- Fourteen Pacific nations, some of the world's smallest and poorest, agreed Thursday to a trade and economic agreement with rich neighbors Australia and New Zealand after 8 years of tortuous negotiations.In the wake of the collapse of the

    April 20, 2017 08:16 pm JST
  • Asian startups step out of Silicon Valley's shadow

    TOKYO/JAKARTA -- Nur Dwi Sasi's daily commute to her workplace in South Jakarta used to be a daunting task. The 47-year-old office worker had to walk in the scorching heat to catch a jam-packed minibus before changing to another, equally crowded bus

    April 20, 2017 12:00 pm JST
  • Hwok-Aun Lee

    Malaysia listens to the people -- but how closely?

    Malaysia is embarking on a grand experiment as the writing of the government's Transformasi Nasional 2050 document kicks into full swing.This national transformation project, intended to chart Malaysia's development for the three decades from 2020,

    April 20, 2017 11:00 am JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some problem

    April 20, 2017 10:00 am JST
  • Asian startups step out of Silicon Valley's shadow

    TOKYO/JAKARTA Nur Dwi Sasi's daily commute to her workplace in South Jakarta used to be a daunting task. The 47-year-old office worker had to walk in the scorching heat to catch a jam-packed minibus before changing to another, equally crowded bus. T

    April 20, 2017 10:00 am JST
  • Beijing hits South Korea in the pocketbook over THAAD

    JEJU/SEOUL, South Korea The pub near the Lotte Hotel on Jeju Island was deserted on the evening of March 16, one day after Chinese authorities banned group tours from visiting South Korea.The owner of the beer hall, simply called Island, is normally

    April 20, 2017 10:00 am JST
  • Southeast Asia shrugs off the 1997 financial crisis

    TOKYO The 1997 financial crisis that slammed Asia took its toll on Southeast Asian nations. Since weathering the storm, they now appear in good shape as regards development. But work remains to be done.That's the prognosis from a prominent group of

    April 20, 2017 10:00 am JST
  • Malaysia's inflation jumps to over eight-year high, still rate pause expected

    KUALA LUMPUR (Nikkei Markets) - Malaysia's consumer price index rose to an over eight-year high in March, but economists widely expect the central bank will keep key policy interest rate steady to support a fragile recovery in economic activities.Th

    April 19, 2017 07:57 pm JST
  • Malaysia's Retirement Fund to buy stake in Axiata's tower unit for $100 million

    KUALA LUMPUR (Nikkei Markets) - Axiata Group, Malaysia's biggest telecom company by revenue, said Tuesday state-run Retirement Fund Inc has agreed to buy a stake in its tower infrastructure unit edotco Group for $100 million.The pension fund, which

    April 18, 2017 09:00 pm JST
  • Tepco, Toshiba to manage power grids in Cambodia

    TOKYO -- Tokyo Electric Power Co. Holdings will team with Toshiba to manage power grids in Cambodia, hoping to secure a new earnings source as the utility grapples with soaring cleanup costs for the Fukushima nuclear plant disaster.T.T. Network Infr

    April 18, 2017 06:10 am JST
  • Southeast Asian capitals bristle at Trump's trade probe

    SINGAPORE -- The Trump administration's order to probe U.S. trading partners for unfair practices has provoked outrage in the Southeast Asian nations under scrutiny, and threatens to deepen a divide that leaves the region more exposed to Chinese inf

    April 18, 2017 02:00 am JST
  • Petronas Gas readying to offer under-utilized capacities to new gas players

    KUALA LUMPUR (Nikkei Markets) - Malaysia's national oil company Petroliam Nasional is in talks with government agencies to finalize financial details of a plan that allows new suppliers to use its unit Petronas Gas' underutilized capacities at pipel

    April 17, 2017 08:06 pm JST
  • Asian palm oil producers slam EU moves to restrict market access

    JAKARTA -- Indonesia and Malaysia, which produce more than 80% of the world's palm oil, are resisting proposals by European parliamentarians that could limit their access to the second biggest palm oil market after India.Government ministers from Ma

    April 17, 2017 07:00 am JST
  • SMBC deal aims to promote Japanese investment in Malaysia

    TOKYO -- Sumitomo Mitsui Banking Corp. has partnered with the Malaysian government to encourage Japanese companies to invest in the Southeast Asian country.The Sumitomo Mitsui Financial Group unit recently signed a memorandum of understanding with t

    April 17, 2017 01:00 am JST