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  • Panasonic sprouts vegetables in Singapore

    SINGAPORE -- Panasonic, the Japanese electronics giant, has announced its entry into high tech indoor farming in land-strapped Singapore. Panasonic Factory Solutions Asia, a regional subsidiary that provides manufacturing systems, is starting out

    July 31, 2014 09:44 pm JST
  • Singaporean fund GIC buys into top Indian e-tailer Flipkart

    SINGAPORE -- The sovereign wealth fund that manages Singapore's foreign reserves has invested in Indian e-commerce company Flipkart. GIC took part in Flipkart's latest round of fundraising, which collected a total of $1 billion. That is apparent

    July 31, 2014 07:00 pm JST
  • Singapore Airlines' profits nosedive

    SINGAPORE -- Singapore Airlines (SIA) posted a net profit of 34.8 million Singapore dollars ($28 million) for the first quarter ending in June of the 2015 financial year -- a 71% plunge on the same period last year. A company announcement on Wed

    July 31, 2014 12:28 am JST
  • Corporate Japan goes a-courting in Southeast Asia

    TOKYO -- Japan's listed companies are getting serious about building ties with investors in the Southeast Asian markets that are increasingly driving their growth. More than 50 corporate heavyweights made that quite clear early June, when they took

    July 31, 2014 12:00 am JST
  • Chinese investors continue scooping up British brands

    LONDON -- The wave of Chinese investment in the U.K. is showing no signs of cresting. China- and Hong Kong-based private equity firms are snapping up Western brands, and Britain, with its open economy and numerous well-established companies, is seen

    July 31, 2014 12:00 am JST
  • Singapore's StarHub to roll out Japanese animation channel

    SINGAPORE -- StarHub, Singapore's telecommunication and TV service provider, will begin airing popular Japanese animation titles such as "Attack of Titan" on a new channel, starting Thursday. Broadcasts on the new channel will be in high definit

    July 30, 2014 03:27 pm JST
  • OCBC acquires 97.52% of Wing Hang Bank shares

    SINGAPORE -- Singapore's Oversea-Chinese Banking Corp. announced Tuesday that it has secured 97.52% of Hong Kong's Wing Hang bank shares. OCBC will soon apply to delist Wing Hang from the Hong Kong stock exchange. OCBC's $5 billion deal to acqu

    July 30, 2014 02:50 pm JST
  • Raffles Medical posts healthy profit increase

    SINGAPORE - Raffles Medical Group, the operator of Singapore's largest network of clinics, has seen second quarter net profits rise 8.1% year on year to 15.7 million Singapore dollars ($12.6 million). The improvement was attributed to a rise in

    July 29, 2014 08:30 pm JST
  • Singapore's Keppel Land enters US residential property market

    SINGAPORE -- The major Singaporean property developer Keppel Land, a member of Keppel Group, announced on Tuesday it will develop a residential property in New York City for $70 million. This will mark the group's first entry into the U.S. The p

    July 29, 2014 05:00 pm JST
  • China pushes to build Singapore-style economy

    China has set out to reform its economic structure by introducing more market principles into corporate management. Beijing's reform blueprint is designed to support growth of private-sector companies while injecting private capital into state-r

    July 28, 2014 07:00 pm JST
  • Japanese investment in Asian bonds surges 70%

    TOKYO -- Japanese investors are increasingly buying bonds issued by companies and governments in the rest of Asia. According to "International Transactions in Securities," published by the country's Ministry of Finance, Japanese individuals, pen

    July 27, 2014 12:30 am JST
  • SingTel adds Indonesia to its mobile remittance system

    SINGAPORE -- Singapore Telecommunications (SingTel) is launching a mobile remittance service to transfer funds from Singapore to Indonesian banks. The new service targets the growing number of foreign workers in Singapore who regularly remit par

    July 25, 2014 11:20 pm JST
  • Singapore and China companies expand the cord blood donor pool

    SINGAPORE -- Cordlife Group, Singapore's leading private cord blood bank, is stepping up its relationship with New York-listed China Cord Blood Corporation (CCBC). The two companies signed a memorandum of understanding on Wednesday enabling them

    July 25, 2014 10:39 pm JST
  • Singaporean retailer Sheng Siong's profits boosted by smarter logistics

    SINGAPORE -- Sheng Siong Group, a leading Singaporean supermarket chain operator, has seen its net profit jump 30.4% to 11.1 million Singapore dollars ($8.95 million) in the April-June quarter from a year earlier, while revenue rose 7.4% to S$171.6

    July 25, 2014 04:00 pm JST
  • Need for security network growing in Asia

    TOKYO -- When a flotilla of ships of the Russian Pacific Fleet called at the Vietnamese naval base at Cam Ranh in June, it was a clear indication that Vietnam was courting Russia in a bid to counter China's growing clout. The port call followed

    July 25, 2014 02:40 pm JST
  • Tigerair's losses doubled in latest quarter

    SINGAPORE -- Tiger Airways Holdings, the struggling low cost carrier company 40% owned by Singapore Airlines, has recorded a net loss of 65.2 million Singapore dollars ($52.6 million) for the first quarter of its 2015 financial year ending in June -

    July 24, 2014 07:40 pm JST
  • Sports car sales slump after tax hike, loan limit in Singapore

    SINGAPORE -- Sales of luxury sports cars have significantly dropped in Singapore, after the government introduced a tax hike for expensive cars as well as car loan restrictions in 2013. The six most popular high-end sports car brands, namely Porsche

    July 24, 2014 03:00 pm JST
  • Singapore firms selling off Australian assets as resource boom fades

    SINGAPORE -- Companies here are actively selling off large amounts of Australian assets. These companies are trying to adjust their portfolios to reduce risk, amid growing signs that Australia's economy is slowing as the resource boom fades. Ola

    July 24, 2014 12:00 am JST
  • Southeast Asia mines riches from mountain of industrial waste

    TOKYO -- Southeast Asian manufacturing hubs are working to recover and recycle scarce metals from growing piles of industrial waste. In resources-scarce Singapore, there is actually a gold-mining operation in the Jurong Industrial Estate, in the

    July 24, 2014 12:00 am JST
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST