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  • Nikkei Asia300 index gains tracking Wall Street's rise to record

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan advanced Thursday, after all the three major U.S. indices rose to record levels overnight.The Nikkei Asia300 index added 0.1% to 1,286.75. The H-shares of ZTE jumped 10% after the telecom e

    July 20, 2017 08:10 pm JST
  • Singapore stocks snap five-day winning streak, Malaysia shares edge lower

    SINGAPORE (Nikkei Markets) -- Singapore shares fell Thursday, ending a five-day winning streak, as Hutchison Port Holdings, banks and telecom operators paced declines. Malaysia shares also ended lower, led by CIMB Group Holdings and Maxis.Hutchison

    July 20, 2017 07:25 pm JST
  • ADB upgrades emerging Asia's growth outlook to 5.9%

    MANILA -- The Asian Development Bank on Thursday upgraded its outlook for emerging Asia's gross domestic product growth rate for this year to 5.9% from the previous figure of 5.7%, citing stronger-than-estimated economic growth in China and some oth

    July 20, 2017 11:44 am JST
  • Hashtag Travelers

    Asian millennials are booking their own adventures

    BANGKOK -- What brought Somsri Sukumpantanasan, a 54-year-old office worker from Bangkok, all the way to Kojima, a remote coastal town in southwestern Japan, was simple: It was where her 17-year-old son's favorite pair of jeans came from."He wanted

    July 20, 2017 10:01 am JST
  • Asian millennials are booking their own adventures

    BANGKOK What brought Somsri Sukumpantanasan, a 54-year-old office worker from Bangkok, all the way to Kojima, a remote coastal town in southwestern Japan, was simple: It was where her 17-year-old son's favorite pair of jeans came from."He wanted to

    July 20, 2017 10:00 am JST
  • Singaporean state fund Temasek enjoys a banner year

    SINGAPORE Strong performances in major equity markets, backed by an improving global economy, translated into a strong fiscal year ended March 2017 for Singaporean state investment company Temasek Holdings. But high valuations in stock markets and r

    July 20, 2017 10:00 am JST
  • Fintech factor key to Southeast Asian banks' growth

    BANGKOK Southeast Asia's banking industry must embrace the digital revolution, including the rise of fintech, to seize opportunities to cater to the region's growing middle class, business leaders said at a panel session of the forum.One of the keys

    July 20, 2017 10:00 am JST
  • Asia a bright spot in an uncertain world, say ASEAN business leaders

    BANGKOK Growing protectionist sentiment in the West and a volatile security situation in the Middle East have made Asia into a relative bright spot in an otherwise bleak global environment, according to participants at a business forum in the Thai c

    July 20, 2017 10:00 am JST
  • Chief disrupter Airbnb faces a backlash on three fronts

    TOKYO/SINGAPORE It is a warm June morning and Zhang Yu, 35, is walking through a small neighborhood supermarket in Tokyo, wondering what ingredients would be needed for lunch.She had arrived from China a few days beforehand and, despite being on her

    July 20, 2017 10:00 am JST
  • William Pesek: The formula for Singapore's rise has passed its best-by date

    There is a hot new industry in Singapore: Kremlinology.Paul Krugman once compared the city-state to the Soviet Union under Stalin, and the Nobel laureate had a point. He was not referring to communism or to mass killings, of course -- but the art of

    July 20, 2017 10:00 am JST
  • Mandiri aims to tap Singapore asset pool uncovered in tax hunt

    JAKARTA -- Bank Mandiri, Indonesia's largest state-owned lender, on Wednesday said it is seeking to establish a private banking business in Singapore. The move comes amid a global crackdown on tax evasion that has exposed vast Indonesian wealth park

    July 19, 2017 11:45 pm JST
  • NetLink NBN Trust makes muted debut on SGX despite strong response to IPO

    SINGAPORE (Nikkei Markets) - Despite strong demand for its initial public offering, shares of NetLink NBN Trust made a tepid debut on the Singapore Exchange Wednesday, reinforcing views that the counter offered a fairly attractive dividend but littl

    July 19, 2017 10:11 pm JST
  • Nikkei Asia300 advances on weak dollar, lower U.S. yields

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan advanced Wednesday as a weaker dollar and declining U.S. borrowing costs boosted appetite for regional assets.The Nikkei Asia300 index rose 0.6% to 1,285.94. Tencent Holdings hit a record,

    July 19, 2017 08:58 pm JST
  • Race to the bottom for region's sand miners

    JAKARTA -- As Asia's economies grow and its cities modernize, the region's voracious appetite for construction materials has driven demand for sand -- alongside illegal trade of the commodity -- to unprecedented levels. With rapid urbanization and i

    July 19, 2017 07:04 pm JST
  • Back by popular demand: lunch break at SGX

    SINGAPORE -- The lunch hour is coming back to the stock exchange here after whole-day trading proved unpopular with some market participants.Singapore Exchange announced Tuesday that it is reintroducing the midday break beginning Nov. 13. The U-turn

    July 19, 2017 02:22 am JST
  • GLP to develop Adidas distribution center

    SINGAPORE -- Singapore-listed warehouse operator Global Logistic Properties has signed an agreement with sportswear manufacturer Adidas to develop its largest distribution center in Asia, just days after announcing that it had accepted a Chinese con

    July 18, 2017 11:58 pm JST
  • Singapore M1 shareholders drop plan to sell company as quarterly profit drops

    SINGAPORE (Nikkei Markets) - The major shareholders of Singapore mobile operator M1 dropped plans to sell their controlling stake in the company after failing to get bids that met their requirements, underlining the decreasing appeal of the city-sta

    July 18, 2017 08:58 pm JST
  • Nikkei Asia300 index little changed as markets consolidate after six-day gains

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan ended little changed on Tuesday amid lackluster cues from the U.S. and as markets consolidated following a six-day rally.The Nikkei Asia300 index rose less than 0.1% to 1,277.79. Index heav

    July 18, 2017 08:30 pm JST
  • Singapore stocks extend gains as DBS hits 17-year high; Malaysia shares little changed

    SINGAPORE (Nikkei Markets) -- Singapore shares rose for the fourth straight day on Tuesday after optimism over earnings drove heavyweight DBS Group Holdings to the highest level since 2000. Malaysia shares were little changed as regional markets too

    July 18, 2017 07:36 pm JST
  • Ping An's Lufax to offer offshore wealth management

    SINGAPORE -- China's leading integrated financial services provider Ping An Insurance Group said Monday its affiliate Lufax Holdings will start providing wealth management services from Singapore for middle-class retail investors.Having acquired "in

    July 18, 2017 12:20 am JST