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  • Profits down 5% at Singapore's Keppel

    SINGAPORE -- Keppel Corp., the world's top offshore drilling rig builder, announced net profits for the first quarter were down 5% compared to the same quarter a year ago at 338 million Singapore dollars ($279 million). Its revenue rose 9% to S$2.99

    April 17, 2014 07:15 pm JST
  • Suzuki aims for car that gets 40km per liter

    TOKYO -- Suzuki Motor says it will create cars that can run for 40km per liter of gasoline by improving its existing technologies. The moves comes as Suzuki seeks to reinforce its presence in emerging economies, where demand for efficient cars i

    April 17, 2014 01:00 pm JST
  • Indian Ocean nations eye stronger 'blue economy'

    TOKYO -- Attempts to foster economic cooperation are gathering momentum among Indian Ocean nations. The Indian Ocean Rim Association is an organization made up of 20 countries with a combined population of over 2 billion people. It covers a vast

    April 17, 2014 12:00 am JST
  • Novartis opens $160M eye care products plant in Singapore

    SINGAPORE -- Global pharmaceutical giant Novartis opened a new production facility in Singapore on Monday. The new plant was opened by its eye care division, Alcon, and will produce eye care products to meet growing demand in Asia. The 30,658-sq

    April 16, 2014 06:27 pm JST
  • Temasek pours $150M into Nigerian gas company

    SINGAPORE -- Temasek Holdings, Singapore's sovereign wealth fund, has committed to invest $150 million in Nigerian gas company Seven Energy International. The investment falls under Temasek's strategy of increasing exposure to the energy and resourc

    April 16, 2014 04:40 pm JST
  • Optimistic Capitaland offers to buy out China-focused subsidiary

    SINGAPORE -- Capitaland management has reaffirmed its confidence in the Chinese market by announcing a take-over offer for Capitamalls Asia, a shopping mall developer and operator in which Capitaland already owns a 65.3% stake. Capitaland says that

    April 16, 2014 02:26 pm JST
  • Newer Asean members' revenues pinched by free trade zone

    HANOI -- Less-developed members of Asean are struggling to replace tax revenues being lost as they move to reduce tariffs in line with the Southeast Asian bloc's plans for regional economic integration. To promote free trade across the region, m

    April 16, 2014 02:10 am JST
  • Singapore Airlines becomes lead sponsor of city-state's F1 race

    SINGAPORE -- Formula One's Singapore Grand Prix has a new title sponsor: Singapore Airlines. The carrier announced today that it has inked a two-year deal with Formula One Group, the entity that oversees F1. Since the circuit added Singapore in

    April 15, 2014 07:00 pm JST
  • Harsh trust climate hits Singapore market

    SINGAPORE -- Share issues in Singapore, traditionally the busiest stock market in Southeast Asia, fell to a nine-year low in the first quarter. Worries over higher interest rates and weak local share prices were behind the decline. Globally, equ

    April 15, 2014 07:00 pm JST
  • Stephen Grenville: IMF ignores its own data on emerging economies

    Christine Lagarde, managing director of the International Monetary Fund, told the Group of 20 summit in St. Petersburg last September: "Just as some advanced economies have begun to gather momentum, many emerging markets are slowing." With this warn

    April 15, 2014 01:00 pm JST
  • Mitsubishi Estate bringing Ascott flats to Tokyo biz district

    TOKYO -- Mitsubishi Estate on Monday announced it has attracted the top brand of Singapore's Ascott, the world's largest provider of serviced apartments for extended-stay business customers, to Tokyo's Otemachi district. Japan's first Ascott The

    April 15, 2014 03:23 am JST
  • Singapore's Wilmar enters Myanmar's sugar market via joint venture

    SINGAPORE -- Major Singaporean palm oil producer Wilmar International announced Monday that it will form a joint venture with Myanmar's Great Wall Food Stuff Industry as it seeks to gain access to the country's sugar market. Wilmar will hold a 5

    April 15, 2014 12:07 am JST
  • SingTel teams with Samsung to boost Asian mobile data presence

    SINGAPORE -- Singapore Telecommunications announced a multifaceted partnership with Samsung to accelerate wireless data usage in emerging markets from India to Indonesia. The tie-up is aimed at increasing data revenue through SingTel group compa

    April 14, 2014 11:59 pm JST
  • Singapore GDP rises 5.1% in 1st quarter of 2014

    SINGAPORE -- Singapore's gross domestic product grew 5.1% on the year in the first quarter of 2014, according to preliminary estimates released Monday by the Ministry of Trade and Industry. On a quarter-on-quarter, seasonally adjusted annualized

    April 14, 2014 01:30 pm JST
  • Singapore's GIC front runner with Y130B bid for Meguro Gajoen

    TOKYO -- There is a good chance that the Government of Singapore Investment Corporation (GIC) will acquire the Meguro Gajoen complex, which is owned by Lone Star. GIC offered 130 billion yen ($1.2 billion) in its bid, according to sources. As of

    April 14, 2014 01:00 pm JST
  • Japan's Vector has high hopes for PR business in Asia

    TOKYO -- Japanese public relations company Vector recently brought talent from a popular Thai cooking show, "Iron Chef," to visit farms in Kyushu, in southwestern Japan. They were there at the invitation of Japan's agriculture ministry to promote th

    April 13, 2014 01:00 pm JST
  • Singapore's love-hate relationship with its casinos

    SINGAPORE -- Policymakers in Singapore are faced with a tough challenge: how to build up the casino industry while preserving the safe, squeaky-clean image they have worked so hard to create for the country. Some rules that apply outside the cit

    April 13, 2014 07:00 am JST
  • Takashimaya plans 2 more department stores for Southeast Asia

    TOKYO -- Takashimaya, which operates a chain of department stores, is considering opening two more in Southeast Asia as early as 2017, President Shigeru Kimoto said in an interview with The Nikkei on Friday. The Japanese company already runs a s

    April 12, 2014 02:46 am JST
  • Singapore's StarHub partners with Samsung on IPTV service

    SINGAPORE -- Major Singaporean communications company StarHub announced Thursday it has formed a partnership with Samsung of South Korea for its new Internet Protocol Television service. Samsung will provide a new line of set-top boxes to StarHu

    April 11, 2014 07:25 pm JST
  • Keppel to manage shipyard in China

    SINGAPORE -- Singapore's Keppel Offshore & Marine, the world's leading builder of offshore rigs, sealed a deal to manage one of China's largest shipyards. The deal, Keppel O&M's first pure management contract to run a shipyard without any equity inv

    April 10, 2014 07:00 pm JST