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  • Singapore's GLP invests in bullish Japanese logistics

    SINGAPORE - With performance outstripping expectations, Singapore's Global Logistic Properties (GLP) is expanding its joint venture in Japan with partner Canada Pension Plan Investment Board (CPPIB). The 50:50 partners will each invest 15 billio

    October 31, 2014 12:10 am JST
  • Ex-Asean head warns of 'slow' economic integration

    BANGKOK -- Progress toward economic integration of the Association of Southeast Asian Nations will likely be slow due to a lack of strong leadership, according to Surin Pitsuwan, former secretary general of Asean and one of the architects of its pla

    October 30, 2014 01:00 pm JST
  • Singapore Airlines charts new course for cash-burning Tigerair

    SINGAPORE -- Singapore Airlines is coming to the rescue of its Tiger Airways unit, a low-cost carrier scarred by competition in one of the world's toughest short-haul markets: Southeast Asia. Singapore-based Tigerair has been turning tail after

    October 30, 2014 02:18 am JST
  • Japan aims to fill bigger share of global rice bowl

    TOKYO -- Exports of high-quality Japanese rice are increasing to meet surging global demand. In 2013, exports reached a record high of over 3,000 tons. Those shipments look set to grow even more, if barriers that limit Japan's rice exports can b

    October 30, 2014 12:00 am JST
  • Taiwan, Hong Kong investors targeting Japanese real estate

    TAIPEI/HONG KONG/TOKYO -- Rich individuals from Taiwan and Hong Kong are turning toward Japanese real estate as rising prices at home squeeze returns on investments there. Many Japanese properties generate yields of 4-6% after management fees an

    October 30, 2014 12:00 am JST
  • Ho Ching upbeat as Temasek's portfolio expands offshore

    SINGAPORE -- Despite recent economic turmoil, Temasek Holdings remains focused after 40 years on long-term returns from a major investment portfolio that has spread offshore. Temasek opened offices in London and New York this year in its stra

    October 29, 2014 11:45 pm JST
  • Singapore developer deploys smart meters for energy saving

    SINGAPORE -- City Developments, one of Singapore's top real estate developers, is introducing smart meters to help tenants make office buildings and shopping malls more environmentally friendly. The company launched its Green Lease Partnership Pro

    October 29, 2014 10:32 pm JST
  • TWG Tea expansion depletes OSIM profits

    SINGAPORE -- OSIM International, the massage chair retail chain from Singapore, announced on Tuesday that quarterly profits for July to September shrank by almost a third to 16.4 million Singapore dollars ($13.11 million) year on year. OSIM bi

    October 28, 2014 11:49 pm JST
  • Direct trade begins between yuan, Singapore dollar

    SINGAPORE -- Direct trading between the Singapore dollar and the Chinese yuan began on Tuesday, eliminating the use of the U.S. dollar as intermediate currency. This new direct route is expected to bring down business costs, especially among compani

    October 28, 2014 06:30 pm JST
  • Raffles Medical Group posts 11% profit growth in 3Q

    SINGAPORE -- Singapore's leading private medical provider, Raffles Medical Group, announced Monday that net profit for the quarter through September rose to 15.4 million Singapore dollars ($12.3 million), up 11.3% on the year. Higher patient load in

    October 27, 2014 07:37 pm JST
  • Japan's toilet titans seek luxury niche in Southeast Asia

    TOKYO -- Japanese companies often have a difficult time matching the luxury appeal of their U.S. and European counterparts in jewelry, fashion, automobiles and other areas. But in Southeast Asia, there is one exception: toilets. Major Japanese s

    October 27, 2014 07:00 pm JST
  • TPP ministers left with hurdles before clinching a deal

    SYDNEY (Kyodo) -- Ministers from 12 countries engaged in a Pacific Rim free trade initiative said their talks advanced during a three-day meeting that wrapped up Monday in Sydney, but some contentious issues remain to be resolved before clinching a

    October 27, 2014 11:30 am JST
  • Japan cinema set for 'Southeast Asian invasion'

    TOKYO -- Southeast Asian movies will hit Japanese screens one after another later this year. International attention is focused on Southeast Asia, mainly Singapore, Thailand and the Philippines, after a couple of directors from the region won a

    October 26, 2014 01:00 pm JST
  • Malaysian taxi app grabs $90 million

    SINGAPORE -- GrabTaxi, a taxi booking app operator of Malaysian origin, has received a round of investment led by U.S. investment firm Tiger Global Management believed to be worth around $65 million dollars - bringing the total it has raised this ye

    October 24, 2014 08:21 pm JST
  • SAP setting up new base for innovation in Singapore

    SINGAPORE -- German software giant SAP announced Friday that it will open a new research-and-development center in Singapore. Through partnerships with client companies as well as universities, the SAP Innovation Center will pursue products and

    October 24, 2014 06:51 pm JST
  • 21 nations sign accord for China-led development bank

    BEIJING -- A total of 21 countries signed a memorandum of understanding in Beijing on Friday for the establishment of a China-led multinational bank. Representatives from Southeast Asia and the Middle East, as well as China, India and Mongolia,

    October 24, 2014 02:00 pm JST
  • SingTel allies with SoftBank for Japanese business

    SINGAPORE -- Singapore Telecommunications (SingTel) has linked up with SoftBank Telecom to expand business with Japanese corporations based in Singapore. SoftBank will act as a one-stop agent for SingTel services that range from basic telecoms t

    October 23, 2014 11:40 pm JST
  • Ascott in Quest for Australian strategic partner

    SINGAPORE -- The Ascott Limited has taken a 20% strategic stake in Australian serviced apartment operator Quest for 28.8 million Australian dollars ($25.4 million), with an option for up to 30%. Ascott, the world's largest serviced residence own

    October 23, 2014 10:30 pm JST
  • Taiwan, Hong Kong investors targeting Japanese real estate

    TAIPEI/HONG KONG/TOKYO -- Rich individuals from Taiwan and Hong Kong are turning toward Japanese real estate as rising prices at home squeeze returns on investments there. Many Japanese properties generate yields of 4-6% after management fees an

    October 23, 2014 02:31 am JST
  • Singapore bids to be Asia's legal hub with new commercial center

    SINGAPORE -- With its eyes on the broad benefits of becoming an international legal hub, Singapore is steadily moving toward setting up a court for cross-border business lawsuits. The Singapore International Commercial Court is slated to be set up e

    October 23, 2014 12:00 am JST