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  • Modi rolls out 'red carpet' for Japanese manufacturers

    TOKYO -- Japanese manufacturers, consider yourselves invited to India. "There is one thing I can promise to you," Indian Prime Minister Narendra Modi told a symposium in Tokyo on Tuesday. "If you want to look abroad, there is no need for you to

    September 2, 2014 07:30 pm JST
  • Olam International sells dairy plant in Ivory Coast

    SINGAPORE -- Singapore-listed agricultural trader Olam International announced on Monday the sale of a dairy plant in Ivory Coast for around $18.7 million to Dutch dairy company Royal FrieslandCampina. The sale marks an exit from the dairy productio

    September 2, 2014 07:09 pm JST
  • GIC enters housing development in India

    SINGAPORE -- This country's sovereign wealth fund GIC is making a foray into the residential development market in India. It has tied up with Bangalore-based Brigade Group, one of India's leading real estate developers, to jointly invest 15 billion

    September 2, 2014 06:15 pm JST
  • Stephen Grenville: How to reboot world trade talks

    Expanding trade has been the lynchpin of globalization. Total world trade rose from 42% of global gross domestic product in 1980 to 62% in 2007, according to the International Monetary Fund. Trade slowed during the 2008 crisis and since then has bar

    September 2, 2014 01:00 pm JST
  • AirAsia's Redbox courier service expanding regional foothold

    SINGAPORE -- R Box Asia, the company behind the low-cost courier service "Redbox by AirAsia," is expanding its regional network. It opened an outlet in Singapore on Saturday, the first outside its home in Malaysia to kick off a regional foray. The s

    September 1, 2014 05:24 pm JST
  • Singapore Girls touch down on F1 grid

    SINGAPORE -- Singapore Airlines (SIA) is sending 50 of its cabin crew in their world-famous sarong kebaya uniforms to add a traditional Asian dimension to the Formula 1 event in September. In its first year as a sponsor of the Singapore Grand Pr

    August 30, 2014 05:15 pm JST
  • Japanese noodles seek out Asian slurpers

    TOKYO -- A string of Japanese ramen noodle chains are expanding across Asia as more people get a taste for the staple. The increasing number of visitors to Japan has helped spread the word about ramen. Menba Tadokoro Shop operator Try Inc. will

    August 30, 2014 01:00 pm JST
  • Southeast Asian transportation network taking form

    BANGKOK -- Efforts to build a modern cross-border transportation network are underway in Southeast Asia, where regional economic integration is scheduled by the end of 2015. These projects are attracting Japanese companies seeking to contribute

    August 30, 2014 01:55 am JST
  • Olam International earnings down but profits up 68%

    SINGAPORE -- Singapore-listed agricultural trader Olam International logged a 67.8 % increase in net profit for the year ending in June despite a decline in revenue. The boost was attributed to gains from various divestments and asset revaluations.

    August 29, 2014 10:55 pm JST
  • Malaysia's IHH Healthcare sees Q2 net profit jump 33%

    KUALA LUMPUR -- IHH Healthcare's net profit for the April-June period surged 33% year-on-year to 209 million ringgit ($66 million). Malaysia's leading hospital management company attributed the performance to greater patient volumes and increased ca

    August 29, 2014 02:50 pm JST
  • Infrastructure crucial to continued growth in Southeast Asia

    MANILA -- A critical issue for members of the Association of Southeast Asian Nations is how to fix lagging industrial development and infrastructure. The Philippines, with a population of about 100 million and a median age of 23, will likely see

    August 29, 2014 05:50 am JST
  • Singapore expands social security for graying population

    Singapore is bracing for old age. The country recently unveiled a plan to build its first nursing home directly managed by the Ministry of Health and has decided to improve working conditions for nurses -- but there is still much work to be done.

    August 28, 2014 07:00 pm JST
  • Self-driving vehicles inch closer to Singaporean streets

    SINGAPORE -- Officials in Singapore are getting serious about putting autonomous vehicles on the streets of the city-state. The Ministry of Transport on Wednesday announced the creation of a Committee on Autonomous Road Transport for Singapore,

    August 28, 2014 06:00 pm JST
  • Singapore's sovereign wealth fund invests in Taiwan music streamer KKBox

    SINGAPORE -- GIC, Singapore's sovereign wealth fund, has invested $104 million in Taiwanese music-streaming company KKBox, whose major shareholders include Japanese telecommunications company KDDI. The service, which has over 10 million users in

    August 28, 2014 04:30 pm JST
  • Myanmar seen licensing multiple Japanese banks

    YANGON -- Myanmar will issue licenses to foreign banks for the first time since the 2011 transition to a civilian government, and multiple Japanese banks are expected to get the nod thanks to their sizable client bases and global prominence. Wit

    August 28, 2014 04:22 am JST
  • East Asian free-trade talks stumble over tariff rates

    TOKYO -- Sixteen Asia-Pacific nations negotiating a free-trade pact were unable to settle on a common target for tariff elimination at a ministerial meeting Wednesday in Naypyitaw, making a conclusion by the end of next year unlikely. This marke

    August 28, 2014 03:50 am JST
  • Southeast Asian car sales fell 16% in July

    BANGKOK -- Sales of new cars in six leading Southeast Asian countries slid 16% on the year to 259,840 units in July, the 15th straight month of declines. Sales volumes dropped in Indonesia, Thailand and Malaysia, the first time this year all of

    August 28, 2014 03:25 am JST
  • George Magnus: The clock is ticking for an aging Asia

    The rapid aging of the population is widely recognized as one of the most daunting challenges facing developed economies, such as Japan and Germany. Less attention has been paid to the fact that graying demographics are a ubiquitous global phenomeno

    August 28, 2014 12:00 am JST
  • Korn Chatikavanij: Prescriptions for Asean and Thailand: Better governance, stronger institutions

    Looking at the ongoing tragedy in Ukraine, it has become apparent that the conflict there is happening because of the weakened geopolitical positions of both the U.S. and Europe. This phenomenon is creating power vacuums in pockets around the world.

    August 28, 2014 12:00 am JST
  • Singapore working to transform Asia's LNG trade

    TOKYO -- Singapore is looking to become Asia's hub for the liquefied natural gas business, with the aim of invigorating trading and consequently bringing down prices. An LNG terminal situated on Jurong Island has received some 30 carriers origin

    August 28, 2014 12:00 am JST