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  • Keppel Corp. consolidation

    Group to buyout real estate arm for $2.4 billion

    SINGAPORE -- Singaporean conglomerate Keppel Corp. is moving to privatize its real estate subsidiary, Keppel Land. The parent company, which already owns around 55% of the property unit, made an offer to buyout all remaining shares for a total of ap

    January 24, 2015 06:40 pm JST
  • Singaporean equities

    Oil-linked stocks may be starting to turn a corner

    SINGAPORE -- Shares in companies listed here whose fortunes are tied to natural resources are showing signs of rebounding as petroleum prices seem to bottom out. Offshore oil rig builder Sembcorp Marine ended Friday 5% above its Jan. 16 close. R

    January 24, 2015 05:41 am JST
  • The ECB effect

    Bond-buying program lifts Southeast Asian stocks to new heights

    JAKARTA -- Southeast Asian shares rose sharply Friday morning, with the European Central Bank's quantitative easing announcement making investors more inclined to take on risk. Indonesia's benchmark Jakarta Composite Index opened slightly higher

    January 23, 2015 01:00 pm JST
  • Asia-Pacific property

    Commercial real estate to hit $140B in 2015

    SINGAPORE -- Total transaction volume in the Asia-Pacific commercial real estate market is expected to hit a record high of $140 billion in 2015, according to a report by JLL. Although the end of quantitative easing in the U.S. and the fear of h

    January 22, 2015 11:51 pm JST
  • SGX financial results

    New derivatives system to push up technology investment

    SINGAPORE -- The technology-related capital expenditures that Singapore Exchange (SGX) plans for the current financial year will be higher at between 70 million Singapore dollars ($52 million) and S$75 million, partly due to the firm's new trading s

    January 22, 2015 10:15 am JST
  • OCBC's synergy strategy

    In China and Myanmar, bank sees a match made in heaven

    SINGAPORE -- As its name suggests, Oversea-Chinese Banking Corp. has leveraged the wealth and business activities of the Chinese diaspora. This has been the Singaporean institution's raison d'etre since the founding of its predecessor, Oversea-Chine

    January 22, 2015 12:00 am JST
  • Nehru, Tang: Malaysia's big chance to help shape ASEAN's new era

    By the end of 2015, the ASEAN Economic Community is to be born -- and as the current chair of the Association of Southeast Asian Nations, Malaysia will be its presiding midwife. Using an elaborate scorecard, each of ASEAN's 10 members has been asked

    January 22, 2015 12:00 am JST
  • Garuda steps up restructuring despite cheaper jet fuel

    JAKARTA -- Sliding jet fuel prices have not stopped Garuda Indonesia, the country's flag carrier, from slashing international routes after losses widened due to intense competition and a weak currency. The airline announced on Jan. 12 the termin

    January 22, 2015 12:00 am JST
  • Gauging Singaporean banks' housing loan risks

    SINGAPORE -- Oversea-Chinese Banking Corp.'s bullish regional expansion has been supported by strong business performance in its homeland, Singapore. But a recent slowdown in the city-state's property market is looming over the banking sector, and s

    January 22, 2015 12:00 am JST
  • In China and Myanmar, OCBC sees a banking match made in heaven

    SINGAPORE -- As its name suggests, Oversea-Chinese Banking Corp. has leveraged the wealth and business activities of the Chinese diaspora. This has been the Singaporean institution's raison d'etre since the founding of its predecessor, Oversea-Chine

    January 22, 2015 12:00 am JST
  • Life below $50

    The recent plunge in the price of crude oil to below $50 a barrel is testing the resilience of Asian economies. Many currencies in the region are sagging against the dollar, and stock indexes are suffering as well. Amid the dramatic changes in marke

    January 22, 2015 12:00 am JST
  • Stephen Grenville: Low oil prices provide a fleeting chance for reform

    If the global price of oil had jumped by 50%, there is little doubt that economic commentators would be calling it a disaster for world growth. The price has in fact fallen by more than 50% since last June, but this ray of good news has not yet pier

    January 22, 2015 12:00 am JST
  • Japan partners eyed

    Osaka Gas to expand business in Southeast Asia

    TOKYO -- Osaka Gas aims to explore the Southeast Asian market. The second largest city gas supplier in Japan recently dispatched a sales force to Singapore and increased the number of resident staff in Thailand and other Southeast Asian countries by

    January 21, 2015 07:00 pm JST
  • Executive women in Asia

    Philippines leads the region with its women in management

    SINGAPORE -- The Philippines is leading Asia with its high percentage of women in management positions, according to a recent report by the International Labor Organization. A ranking complied by the ILO shows the Philippines to be the only Asian co

    January 19, 2015 07:30 pm JST
  • China's rising global influence

    Japan in a pickle over Beijing-led AIIB

    TOKYO -- Japan will soon have to make up its mind about joining China's efforts to get the Asian Infrastructure Investment Bank up and running. "Why is there no plan to set up a board?" a high ranking official of Japan's Ministry of Finance aske

    January 19, 2015 07:00 pm JST
  • Busy seas

    Near-record container shipments from Asia to U.S. in 2014

    TOKYO -- The movement of shipping containers from Asia to the U.S. returned to near-historic levels in 2014, supported by a recovery in the U.S. economy and greater consumer spending by the middle class. In terms of 20-foot equivalent containers

    January 17, 2015 05:34 am JST
  • Dibs on talent

    Singapore businesses skimming cream of crop with scholarships

    SINGAPORE -- Amid escalating competition for the country's best and brightest, more Singapore businesses are offering scholarship programs to attract smart students. Singapore Telecommunications will start offering scholarships this year to stud

    January 17, 2015 12:36 am JST
  • Singapore property

    Sluggish sales may dampen GDP growth

    SINGAPORE -- The local property market so popular with Singaporean and overseas investors in recent years now faces a serious slowdown according to Singapore's Urban Redevelopment Authority (URA), which has just reported the worst monthly sales figu

    January 16, 2015 09:59 pm JST
  • Collapsing crude

    Get ready for crises, says Ed Hyman

    TOKYO -- Crude oil's price plunge has investors worried about global financial and capital market convulsions. "It seems reasonable to assume that the current plunge in oil will lead to crises," Wall Street's top economist, Ed Hyman of Evercore

    January 16, 2015 07:00 pm JST
  • On legal thin ice

    Taxi dispatch apps fighting for piece of Vietnam

    TOKYO -- More Vietnamese are using taxi dispatch apps on their smartphones. But the Vietnamese government is hinting that it may more tightly regulate the fledgling industry. And one municipality has introduced its own "official" competing app.

    January 16, 2015 01:00 pm JST