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  • Foxconn, SoftBank plan tech investment venture

    TOKYO/OSAKA -- Taiwan's Hon Hai Precision Industry will soon take a majority stake in a SoftBank Group asset management company in Singapore, furthering cooperation with the Japanese telecom giant known for its venture capital investments in the inf

    February 25, 2017 07:50 am JST
  • Japan, China play for 'swing states' in regional trade game

    TOKYO -- Top negotiators from 16 Asia-Pacific countries representing roughly half the world's population and around a third of global trade will meet in Kobe next week to discuss a trade deal that some, like Japan, hope will bear fruit amid the grow

    February 25, 2017 04:00 am JST
  • Singapore's UOL sees signs of housing market recovery

    SINGAPORE -- The housing market here appears on firmer ground after three years of decline, an executive at property developer UOL Group reported Friday.The market "has shown some resilience," said Liam Wee Sin, deputy group CEO, in a news conferenc

    February 25, 2017 03:30 am JST
  • Asian stocks fall on caution over Trump's tax rules, Nikkei Asia300 Index slips

    HONG KONG (NewsRise) -- Asian stocks edged lower on Friday after a recent rally, as investors awaited details of Donald Trump's tax policies.The Nikkei Asia300 Index fell 0.4% to 1,132.48.The decline came after U.S. Treasury Secretary Steven Mnuchin

    February 24, 2017 08:41 pm JST
  • Singapore investors turn cautious, Axiata weighs on Malaysian telecom stocks

    SINGAPORE (NewsRise) -- Singapore stocks snapped a two-day rally on Friday as investors turned cautious ahead of the weekend after U.S. President Donald Trump once again accused China of manipulating the yuan's exchange rate. The drop in oil prices

    February 24, 2017 07:46 pm JST
  • Hyflux's net profit down 91% on low electricity prices

    SINGAPORE -- Water treatment company Hyflux said Thursday that net profit sank 91% on the year to 4.76 million Singapore dollars ($3.37 million) for the fiscal year ended Dec. 31 as lower electricity prices offset brisk revenue.Revenue more than dou

    February 24, 2017 03:15 am JST
  • City Developments net profit off 15.5% on weak hotel business

    SINGAPORE -- City Developments' net profit fell 15.5% to 653.2 million Singapore dollars ($461.8 million) for the financial year ended December, the Singapore real estate developer announced on Thursday. Despite a contribution from a new property in

    February 24, 2017 01:40 am JST
  • Sembcorp's Marine recovers as oil and gas business picks up

    SINGAPORE -- Sembcorp Industries, the parent company of oil rig builder Sembcorp Marine, saw a turnaround in 2016 in its marine business as the oil and gas industry continues to recover.Net profit in the marine segment rose to 48.2 million Singapore

    February 24, 2017 01:30 am JST
  • Malaysia's IHH Healthcare hit by one-off costs

    KUALA LUMPUR -- IHH Healthcare, Asia's largest hospital operator by market capitalization, said on Thursday net profit for the fiscal year ended Dec. 31 dropped 34% to 612.4 million ringgit ($137.6 million).Revenue grew 19% to 10 billion ringgit, dr

    February 23, 2017 09:30 pm JST
  • Asian stocks, Nikkei Asia300 index little changed on Fed minutes

    HONG KONG (NewsRise) - Asian stocks were little changed on Thursday after comments from U.S. Federal Reserve officials kept alive the possibility of an interest rate increase in the world's largest economy as early as the next month.The Nikkei Asia3

    February 23, 2017 09:12 pm JST
  • Earnings lift Singapore shares, Axiata drags Malaysia stocks lower

    KUALA LUMPUR (NewsRise) -- Singaporean stocks rose to over 18-month highs, lifted by a slew of upbeat December quarter earnings.Malaysian stocks edged lower, weighed by decline in index heavyweight Axiata Group after reporting a loss for the fourth

    February 23, 2017 07:29 pm JST
  • Singapore's Banyan Tree narrows losses, sees recovery this year

    SINGAPORE (NewsRise) -- Banyan Tree Holdings stayed in the red for a second straight year in 2016 but the Singapore luxury spa and resorts operator managed to narrow losses and was optimistic about this year after its recent partnership deals with m

    February 23, 2017 05:40 pm JST
  • Dark mood overshadows Singapore's economic view

    SINGAPORE -- In Infinium Robotics' headquarters, in a double-height unit in a grubby industrial estate on the northwestern edge of Singapore, there are scattered parts of miniature helicopter rotors on the floor and in plastic tubs all around the wa

    February 23, 2017 12:00 pm JST
  • Company in focus: Philippines' Ayala comes full circle with its push into health care

    MANILA Before Ayala Corp. became an investment powerhouse, the 183-year-old group ran a drugstore as one of its first businesses. Now, as it accelerates its diversification efforts, the oldest Philippine conglomerate is going back to those origins b

    February 23, 2017 10:00 am JST
  • ASEAN wants to seal a South China Sea deal with Beijing this year

    BORACAY, Philippines The Association of Southeast Asian Nations hopes to soon reach a deal with China on a "framework" for a code of conduct in the South China Sea, though some bloc members appear more enthusiastic about the idea than others."We are

    February 23, 2017 10:00 am JST
  • North Korea facing Southeast Asian rift after murder

    KUALA LUMPUR -- The killing of Kim Jong Nam, half brother of North Korean leader Kim Jong Un, is threatening Pyongyang's relationship with the Association of Southeast Asian Nations as well as its access to the greater international community.At a T

    February 23, 2017 07:00 am JST
  • Wall Street record boosts Asian stocks, Nikkei Asia300 Index rises 0.6%

    HONG KONG (NewsRise) - Asian stocks rose Wednesday, tracking another record close on Wall Street, and helped by robust gains in Indian conglomerate Reliance Industries as investors cheered its telecom unit's plans to start charging for services.The

    February 22, 2017 08:01 pm JST
  • Wall Street rally lifts Singapore shares, Malaysia edges higher

    SINGAPORE (NewsRise) -- Singapore stocks rose on Wednesday, led by advances in heavyweight financial stocks after indexes on Wall Street closed at another record high.Malaysian shares eked out marginal gains.Singapore's FTSE Straits Times index adde

    February 22, 2017 07:22 pm JST
  • ASEAN wants South China Sea deal with Beijing this year

    BORACAY ISLAND, Philippines -- The Association of Southeast Asian Nations hopes to strike a deal with China on a "framework" for a code of conduct in the South China Sea by the middle of this year, though some members of the regional grouping appear

    February 21, 2017 11:38 pm JST
  • Wilmar shares slip on smaller-than-expected earnings

    SINGAPORE -- Shares in Wilmar International fell more than 3% on Tuesday, a day after the Singaporean palm oil giant announced strong but lower-than-expected earnings for the fourth quarter ended in December.Net profit for the quarter climbed 69.9%

    February 21, 2017 11:15 pm JST