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  • AirAsia puts brakes on expansion

    KUALA LUMPUR -- Malaysia-based AirAsia says it is curbing the pace of its expansion this year. The discount carrier has decided to add less routes amid a drop in passenger numbers and stiff competition. The airline is aiming to turn around its busin

    March 5, 2015 12:00 am JST
  • Foreign employees in Japan tasked with hiring new workers

    TOKYO -- More and more Japanese companies are letting foreign employees hire promising colleagues from abroad, increasing their ranks of international workers as part of their efforts to expand operations overseas. Nisshinbo Holdings established

    March 5, 2015 12:00 am JST
  • Carmen M. Reinhart: Are negative real interest rates the 'new normal'?

    Some questions can only be answered by examining the broad sweep of history. Over the past 150 years, "world" real interest rates have ventured into negative territory (yielding less than the rate of inflation) on a sustained basis on only four occa

    March 5, 2015 12:00 am JST
  • Monkey, dog, duck cells used to culture flu vaccine faster

    TOKYO -- Flu seasons come and go, but what keeps public health experts up at night is the threat of a novel and extremely virulent form of influenza A, aka bird flu, becoming a global pandemic and killing tens of thousands of people. In Japan, s

    March 5, 2015 12:00 am JST
  • Down on their luck

    Macau slump stings US casino operators

    NEW YORK -- American casino operators' efforts to diversify their revenue sources have hit a snag in Macau. For years, Wynn Resorts, Las Vegas Sands and MGM Resorts International have been making large investments in the Chinese territory. A ste

    March 4, 2015 07:00 pm JST
  • ASEAN capital markets

    Singapore, Malaysia, Thailand sign deal on common market rules

    SINGAPORE -- The Association of Southeast Asian Nations has moved one step closer to integrating its capital markets, with Singapore, Malaysia and Thailand agreeing to set up a framework for cross-border offering in securities. The Monetary Auth

    March 4, 2015 12:12 pm JST
  • World's most expensive cities

    Singapore still priciest place for expats

    SINGAPORE -- Singapore remains "the most expensive city to live in," according to this year's survey on worldwide costs of living complied by The Economist Intelligence Unit. It is the second consecutive year for the city to be ranked the world's pr

    March 3, 2015 06:20 pm JST
  • Bruce Stokes

    Asian youth feel happy and helpless

    The future belongs to the young. This is especially evident in parts of Asia. How young Asians see the world, their own futures and those of their countries often differs from the attitudes of their elders. Their differing views may go a long way to

    March 3, 2015 01:00 pm JST
  • Not sweating the weak yen

    Japan Inc. steps up acquisitions abroad

    TOKYO -- Japanese businesses are not letting a weak home currency get in the way of their global expansion plans. Some companies have been hit by stock declines after announcing foreign acquisitions, due to investor concerns about the yen's dep

    March 3, 2015 01:00 pm JST
  • Hyflux

    Singaporean water solution leader secures 2014 profit from sell-offs

    SINGAPORE -- Hyflux, one of the world's leading water solution companies based in Singapore, recently announced a full year revenue for 2014 of 321.3 million Singapore dollars ($235.5 million), a 40% drop from a year earlier due to the delayed comme

    March 2, 2015 06:13 pm JST
  • Fattening up on thinning hair

    Japanese wig-maker delivers an emotional appeal in China

    TOKYO -- A Japanese hairpiece-maker may be on the verge of profitabilty in China. And that's a big deal where wigs are less a part of the culture than they are in Japan. So far, Aderans' sales there are lower than those in the U.S. and Europe, t

    February 28, 2015 01:00 pm JST
  • Singapore Technologies Engineering

    Defense group's profits drop with weaker exports

    SINGAPORE -- Singapore Technologies Engineering (ST Engineering), the state-linked defense and engineering group, announced that net profits for the full-year ending in December was 532 million Singapore dollars ($392 million), down 8% from the prev

    February 27, 2015 11:50 pm JST
  • Banyan Tree

    Profit nosedives in a bad year for hoteliers

    SINGAPORE -- Banyan Tree Holdings, one of Singapore's leading resort operators, reported a full-year net profit of 1.03 million Singapore dollars (about $758 million), a 94% drop from S$18.1 million in 2013. The chain blamed much of the tumble on th

    February 27, 2015 08:35 pm JST
  • Telstra shakeup

    Incoming CEO to lead overseas expansion

    BANGKOK -- The CEO-designate of Telstra, Australia's top telecommunications company, has vowed to speed up its international expansion. David Thodey, the current CEO, surprised investors when he announced his retirement on Feb. 20. Andy Penn, ch

    February 27, 2015 07:00 pm JST
  • StarHub

    New iPhone fattens profits for Singapore telecom player

    SINGAPORE -- StarHub, Singapore's second-largest telecommunications company, posted a 10% on-year increase in net profit for the fourth quarter ended December. The result was buoyed by strong sales of the iPhone 6, which was released in the city-sta

    February 27, 2015 11:00 am JST
  • Asian airports

    Narita fights for business with landing fee discounts

    TOKYO -- Discount duels between airlines are nothing new. But airports also have rivalries. Japan's Narita International Airport is cutting fees in hopes of keeping up with the competition in Asia. From April, airlines new to the Tokyo hub will

    February 27, 2015 06:16 am JST
  • Singapore stocks

    Government spending plan props up prices

    SINGAPORE -- Singapore's stock market remained at lofty levels as a government plan to spend heavily on long-term growth bolstered investor sentiment. The Straits Times Index dipped on Thursday but stayed close to the two-year high marked on Feb

    February 27, 2015 03:06 am JST
  • Unified Southeast Asian market

    Majority of businesses optimistic about ASEAN economic integration: Survey

    TOKYO -- Nearly 80% of companies operating in the Association of Southeast Asian Nations see growth opportunities in the bloc's planned economic integration this year, shows a U.S. survey. However, almost half of the Indonesian businesses polled

    February 26, 2015 01:00 pm JST
  • A step forward

    Takeda on front foot after rough start for president

    TOKYO/SINGAPORE -- Takeda Pharmaceutical is stepping up its emerging-market business, an area where it has lagged behind, as President Christophe Weber finally starts to look ahead after spending months on damage control. Japan-based Takeda open

    February 26, 2015 04:49 am JST
  • Medical tourism

    Asia leads industry worth $55B

    TOKYO/BANGKOK -- Medical care used to be a primarily local affair. Today, it is an increasingly globalized business. Patients are traveling thousands of kilometers to get better or more affordable services than they can find in their own communities

    February 26, 2015 12:00 am JST