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  • Global recruiting

    Sojitz to hire more foreign college graduates

    TOKYO -- Sojitz is looking to hire more graduates from top colleges abroad regardless of their ability to speak Japanese, as competition for global employees intensifies among Japanese corporations. The Japanese trading house started hiring fore

    February 11, 2016 02:00 am JST
  • Singaporean equities

    Department store operator down on stock price alert

    SINGAPORE -- Zhongmin Baihui Retail Group plunged Wednesday after the stock exchange here warned of a suspiciously stable share price. The Singapore-based operator of department stores in China stayed between 1.76 Singapore dollars ($1.26) and 1

    February 11, 2016 01:02 am JST
  • US-ASEAN summits

    South China Sea dispute tops regional talks

    MANILA -- The tense situation in the South China Sea will top the agendas at two major meetings of the Association of Southeast Asian Nations (ASEAN) this month, Albert del Rosario, the outgoing Philippine foreign minister, told reporters on Wednesd

    February 11, 2016 12:20 am JST
  • The new globetrotters

    Southeast Asia opens its arms to Chinese tourists

    BANGKOK -- It is early December and the Spring Airlines flight from Shanghai to Bangkok is full. The budget carrier flies to the Thai capital twice daily, and the passengers on this flight are predominantly mainlanders making their way to China's fa

    February 10, 2016 05:00 pm JST
  • North Korea

    Regime dances around sanctions

    SEOUL -- North Korea is pushing ahead with its nuclear and missile development programs in defiance of international threats to impose new sanctions. It has also shown an ability to skirt sanctions that are already in place. The United Nations S

    February 9, 2016 08:15 pm JST
  • Asia salaries

    Japan must pay more or say goodbye

    TOKYO -- For top Japanese companies, staff retention has never been much of a concern. Most employees joined the company after graduation and invariably stayed until retirement. Yet a recent study by professional recruitment company Hays may have ma

    February 9, 2016 01:00 pm JST
  • Infrastructure development

    Urban rail contracts up for grabs in emerging Asia

    BANGKOK -- Emerging Asian countries are launching a slew of urban rail projects, creating business opportunities for companies with advanced expertise and a willingness to shoulder some risk. Thailand plans to solicit bids for four new lines in

    February 8, 2016 07:00 am JST
  • Singapore Airlines

    Tigerair delisting a step closer

    SINGAPORE -- Singapore Airlines on Friday night announced it will move ahead with plans to delist low-cost carrier Tiger Airways Holdings, now that it has secured over 90% of Tigerair's shares. Singapore Airlines launched a takeover bid for Tige

    February 6, 2016 08:49 pm JST
  • Chinese currency

    Offshore yuan-selling blitz expected during Lunar New Year

    HONG KONG -- Hedge funds and other speculators appear to be gearing up for an offshore yuan-selling offensive when Chinese markets and monetary authorities break next week, with Beijing's capacity to defend its currency seen dwindling. Forecasts

    February 6, 2016 03:45 am JST
  • Singapore Post

    Strong earnings lift stock, but doubts persist

    SINGAPORE -- Singapore Post rose a second straight session Friday, buoyed by robust earnings announced after the market closed the previous day. April-December sales jumped 24% on the year to 834 million Singapore dollars ($593 million), while n

    February 6, 2016 01:05 am JST
  • 'Edutainment' in Singapore

    Digital amusement park combines playtime and learning

    SINGAPORE -- Imagine drawing your own cartoons on paper and seeing them come alive on a digital screen. Impossible? A new attraction in Singapore promises to do just that. Singapore-based Creative Future Park will open Mosh! on Feb 6th in Singap

    February 6, 2016 12:30 am JST
  • Curtis S. Chin and Jose B. Collazo

    Obama must leave a legacy of closer links with SE Asia

    At a ceremony in New Zealand on Feb. 4, representatives of the United States and 11 other Asia-Pacific nations formally signed on to what may well become one of the largest ever multinational trade deals. The Trans-Pacific Partnership will, if imple

    February 5, 2016 07:25 pm JST
  • Commodities Eye

    Dry-bulk shipping under water as bankruptcies rise

    BANGKOK -- The global commodities bust has rocked the dry-bulk shipping industry, with a wave of bankruptcies washing across the sector and major players forced to restructure, divest or scrap assets. On Jan. 5, the Shanghai International Shippi

    February 5, 2016 02:30 pm JST
  • Nikkei PMI

    Business services lead Asian growth in January

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for January showed increased business activity in 14 of the 19 industries monitored. Commercial and business services grew the strongest among all industries. Healthcare ser

    February 5, 2016 11:00 am JST
  • TPP

    Japan, US politics could push ratification back to 2017

    TOKYO -- The Trans-Pacific Partnership trade deal that was signed Thursday may not take effect until 2017 or later amid political roadblocks in Japan and the U.S., the two countries most crucial to the process. TPP members hope to expand the dea

    February 5, 2016 06:00 am JST
  • Singapore Airlines

    Cheap oil boosts profit but tough market persists

    SINGAPORE -- Singapore Airlines announced on Thursday evening that its net profit increased 36% on-year to 274.9 million Singapore dollars ($196 million) for the quarter ended in December 2015, boosted mainly by lower fuel expenses. Revenue, however

    February 5, 2016 04:16 am JST
  • Singapore Post

    Profit edges up as e-commerce boosts revenue; little word on audit

    SINGAPORE -- Singapore Post's net profit grew 0.6% on the year for the quarter ended in December to 43.5 million Singapore dollars ($31 million), the postal service provider said Thursday. But this increase was marginal compared with a 32% gain in t

    February 5, 2016 04:00 am JST
  • Lunar New Year

    Asian markets pause for holiday; travel rush begins

    TOKYO -- Businesses in China and Southeast Asia will take a breather for the Lunar New Year holiday starting Monday, with many people planning to travel. Stock markets in mainland China and Taiwan will close for several days in observance of the

    February 5, 2016 12:30 am JST
  • Global Logistic Properties

    Stronger Chinese demand boosts profit at Singapore warehouse specialist

    SINGAPORE -- Global Logistic Properties, a Singaporean warehouse operator, said its net profit grew 63.8% on the year to $184.2 million in the third quarter that ended in December, thanks to higher earnings in China. Its revenue in the quarter i

    February 4, 2016 10:50 pm JST
  • Oil industry

    Crude hits 12-year lows amid growing glut

    SINGAPORE -- Imminent new supply from Iran and worries over a slowing China and its possible contagion effect sucked crude into a vortex right off the bat as trading began in 2016. Benchmark Brent futures brushed past 12-year lows below the $30/barr

    February 4, 2016 07:00 pm JST