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  • UOB survey finds regional companies bullish on China

    SINGAPORE -- Despite increasing costs and slower growth, companies in the region are still keen on expanding in China with its growing middle-class consumer market, according to a survey by Singapore's United Overseas Bank (UOB) of over 1,000 mid-ti

    September 16, 2014 08:42 pm JST
  • IHH to acquire medical business in Singapore for $110M

    SINGAPORE -- Malaysia's IHH Healthcare has entered into an agreement to acquire Radlink-Asia, the Singaporean arm of India's Fortis Healthcare International, which specializes in operating diagnostic imaging clinics. The considered amount for acquis

    September 16, 2014 06:45 pm JST
  • LVMH's fund buys into K-pop company

    SINGAPORE -- L Capital Asia, an investment fund under the French luxury group LVMH Moet Hennessy Louis Vuitton, is buying into one of the largest K-Pop agencies, YG Entertainment. According to the agreement signed by both parties on Saturday, L Capi

    September 16, 2014 12:40 pm JST
  • Study places Laos ahead of Singapore for creativity and innovation

    SINGAPORE -- A study of creativity and innovation by the Asian Development Bank and the Economist Intelligence Unit has ranked Singapore lower than its underdeveloped peer Laos. The study applied a new benchmark, the Creative Productivity Inde

    September 12, 2014 08:17 pm JST
  • Smartphone-related shares drop in Taiwan after Apple announcement

    HONG KONG -- Apple's announcement Tuesday of the iPhone 6 and iPhone 6 Plus has sparked a variety of reactions throughout Asia, such as profit-taking in related Taiwanese stocks. Taiwanese manufacturers will continue to play key roles in the new

    September 12, 2014 05:32 am JST
  • Singapore's Sembcorp consolidating six shipyards at Tuas

    SINGAPORE - Sembcorp Marine announced on Wednesday plans to build a new steel fabrication facility in Tuas, southwest Singapore, that will more than triple its present capacity. The company, a wholly-owned subsidiary of state-owned Sembcorp Indu

    September 11, 2014 11:45 pm JST
  • Lazada seeks e-commerce dominance in Southeast Asia

    TOKYO/FRANKFURT -- Lazada is quickly becoming an e-commerce behemoth in Southeast Asia, branching out into six countries in a mere two years, as global giants and local players vie for a bigger slice of this burgeoning market. Lazada, founded in

    September 11, 2014 03:58 am JST
  • Charters boost Southeast Asian arrivals in Okinawa

    SINGAPORE -- SilkAir, a wholly owned subsidiary of Singapore Airlines, has started flying direct charters to Okinawa as part of an effort to increase economic interaction between Singapore and the prefecture of 160 islands off southern Japan. J

    September 10, 2014 11:16 pm JST
  • Philips starts work on telemedical center in Singapore

    SINGAPORE -- Dutch company Royal Philips is to establish a center for telemedical services in Singapore where an aging population has increased demand for home healthcare solutions. Telemedicine, or tele-healthcare, facilitates hospital monitori

    September 9, 2014 10:20 pm JST
  • Nippon Yusen to move container logistics functions back to Japan

    FUKUOKA/KUMAMOTO -- To cut costs, Nippon Yusen plans to relocate its container allocation planning operation from Singapore back to Japan. The operation, which involves allocating containers to ships according to routes and cargo weight, serves

    September 9, 2014 04:33 am JST
  • Penta-Ocean wins major contract for Singapore hospital

    TOKYO -- Japan's Penta-Ocean Construction has received a contract to build what will be one of Singapore's largest hospital facilities, showing that Japanese construction companies are joining equipment makers in the government's push for medical ex

    September 9, 2014 03:26 am JST
  • StarHub offers Singapore's largest 4G roaming footprint

    SINGAPORE -- StarHub, Singapore's second largest telecommunications company, announced on Monday recent upgrades to its 4G (fourth-generation) mobile services that give it the country's largest roaming footprint. Along with a significant boost t

    September 8, 2014 09:46 pm JST
  • American businesses bullish on closer-knit Southeast Asia

    KUALA LUMPUR -- American companies in Southeast Asia remain upbeat as the region closes in on economic integration. In a survey of 588 senior executives representing U.S. companies in the 10 members of the Association of Southeast Asian Nations,

    September 8, 2014 06:50 pm JST
  • New ADB chief economist says middle-income trap a myth

    MANILA -- The so-called middle-income trap, in which certain countries appear stuck at a middle level of development, is a sham, the new chief economist of the Asian Development Bank says. Although it has no formal definition, the "trap" is

    September 8, 2014 02:51 pm JST
  • Nippon Shokubai spending big to stay king of superabsorbent polymers

    OSAKA -- Nippon Shokubai, already the world's leading manufacturer of superabsorbent polymers for disposable diapers, plans to add 30% more production capacity over the next few years to stay out in front. The company holds a nearly 30% share of

    September 6, 2014 03:15 am JST
  • UOB launches Singapore's first mezzanine fund with ORIX

    SINGAPORE -- United Overseas Bank (UOB), one of Singapore's three major banks, has tied up with Japan's ORIX to launch its first mezzanine fund to invest in mid-sized Southeast Asian companies. By partnering with ORIX on the $200-million fund, U

    September 5, 2014 09:00 pm JST
  • Streamlined Singapore repositioning for city development projects overseas

    SINGAPORE -- Temasek Holdings, Singapore's sovereign wealth fund, and JTC Corporation, the state agency for industrial infrastructure, are exploring ways to merge 4 of their real estate and urban development subsidiaries to streamline financial capa

    September 5, 2014 08:20 pm JST
  • Asia grapples with dengue, malaria threats

    The current outbreak of dengue fever in central Tokyo underscores recent World Health Organization warnings that climate change is extending the range of potentially fatal tropical diseases such as malaria and dengue. Dr. Rabindra Abeysinghe, a

    September 5, 2014 07:00 pm JST
  • Japan fingers Singapore man for manipulating bond futures

    TOKYO -- Japan's securities regulator is investigating a Singapore resident suspected of profiting from attempts to game the market for long-term Japanese government bond futures, people familiar with the matter said Thursday. The man appears to

    September 5, 2014 04:11 am JST
  • Hewlett-Packard making Singapore a digital printer ink hub

    SINGAPORE -- Hewlett-Packard has decided to expand an ink plant here by 10,000 sq. meters to keep up with Asia's booming digital printer market. The company will spend "millions of dollars" on the project, an HP representative said without being spe

    September 4, 2014 07:15 pm JST