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  • Southeast Asia building up maritime defenses

    MANILA -- From Singapore to the Philippines, Southeast Asian nations are spending big on submarines and other vessels to ramp up their naval capabilities amid rising tensions in the South China Sea.The five major Southeast Asian countries have all i

    May 17, 2017 02:30 am JST
  • Singapore fund GIC takes a hit with UBS sell-off

    SINGAPORE -- GIC, a Singapore government-owned investment company, said on Tuesday that it sold more than half of its stake in Swiss banking group UBS, incurring a loss. GIC is feeling the pinch of dwindling returns in a challenging investment clima

    May 17, 2017 12:30 am JST
  • Nikkei Asia300 Index rises after Wall Street's record run

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose Tuesday after higher crude oil prices drove a rally on Wall Street overnight.The Nikkei Asia300 Index added 0.2%, or 2.4 points, to 1,220.95. Tuesday's gains come after the S&P 500 Ind

    May 16, 2017 09:02 pm JST
  • Singapore stocks retreat from 21-month high as banks fall; Malaysia shares little changed

    SINGAPORE (Nikkei Markets) -- Singapore shares retreated from near 21-month highs as banking stocks and property developers paced declines. Malaysia shares ended little changed.Singapore's FTSE Straits Times index fell 1.1% to 3,227.71, suffering it

    May 16, 2017 08:49 pm JST
  • Higher grains trade pushes Olam's profit up 27%

    SINGAPORE -- Singapore-based agri-business company Olam International posted a net profit of 143.8 million Singapore dollars ($102.8 million) for the quarter ended March, recording a 26.5% increase on the year, thanks to higher contribution from its

    May 16, 2017 12:08 am JST
  • Mainland financials, energy stocks buoy Nikkei Asia300 Index

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose, as Chinese financial heavyweights extended gains after upbeat loan numbers for last month and energy producers remained supported by strengthening crude prices.The Nikkei Asia300 Inde

    May 15, 2017 09:13 pm JST
  • Singapore shares rise after mixed earnings, crude helps Malaysian stocks

    SINGAPORE (Nikkei Markets) -- Singapore shares rose on Monday even as investors digested a slew of mixed quarterly earnings reports. Malaysian shares scaled new two-year highs, supported by a rise in crude prices.Singapore's FTSE Straits Times Index

    May 15, 2017 08:30 pm JST
  • Some businesses in Asia disrupted by cyber attack, authorities brace for more

    SINGAPORE/WASHINGTON (Reuters) -- Asian governments and businesses reported some disruptions from the WannaCry ransomware worm on Monday but cybersecurity experts warned of a wider impact as more employees turned on their computers and checked e-mai

    May 15, 2017 02:45 pm JST
  • More disruptions feared from cyber attack; Microsoft slams gov't secrecy

    WASHINGTON/FRANKFURT (Reuters) -- Officials across the globe scrambled over the weekend to catch the culprits behind a massive ransomware worm that disrupted operations at car factories, hospitals, shops and schools, while Microsoft on Sunday pinned

    May 15, 2017 10:10 am JST
  • Companies in focus

    Asian streaming services stand strong against US rivals

    BALI, Indonesia -- Asian TV has long been known for its rice porridge programming. Public broadcasters reigned over the region, but their shows rarely wavered from the monotonous.As internet connectivity improved, though, online video services bloss

    May 14, 2017 12:00 pm JST
  • Companies in focus: Interview

    Entrepreneurs still figuring out the streaming industry

    BALI, Indonesia -- As smartphones and faster broadband speeds sweep across Asia, the video-streaming industry sees a big opportunity. The Nikkei Asian Review recently sat down with executives from three streaming services to learn how they plan to c

    May 14, 2017 12:00 pm JST
  • Japan to push for 'TPP 11' by year-end

    TOKYO -- Japan on May 21 will call on the 10 other remaining members of the Trans-Pacific Partnership to come to a general agreement by the end of the year on implementing an accord without the U.S. It will make the push during a meeting in Vietnam.

    May 14, 2017 02:00 am JST
  • Global cyber attack slows but experts see risk of fresh strikes

    SINGAPORE/FRANKFURT (Reuters) -- A global cyber attack described as unprecedented in scale forced a major European automaker to halt some production lines while hitting schools in China and hospitals in Indonesia on Saturday, though it appeared to d

    May 13, 2017 11:30 pm JST
  • US business schools losing edge to Asia

    TOKYO -- The Trump factor is just one reason why U.S. business schools are starting to lose their appeal in Asia, recent findings show.Nearly two-thirds of U.S. business schools say applications from international students have fallen this year. By

    May 13, 2017 03:00 pm JST
  • UOL Group's net profit up 4% due to higher sales of condos

    SINGAPORE -- Singaporean property developer UOL Group's net profit for the first quarter ended in March was up 4% on the year to 80.2 million Singapore dollars ($57 million), mainly thanks to higher sales from condominiums in its home market.UOL's r

    May 13, 2017 12:35 am JST
  • SingPost plunges into the red after writing down US investments

    SINGAPORE (Nikkei Markets) -- Singapore Post Ltd plunged into the red in the three months to March 2017 after it wrote down the value of its investments in two US companies.SingPost, whose biggest shareholders are Singapore Telecommunications and Ch

    May 12, 2017 11:45 pm JST
  • ComfortDelGro's Q1 profit jumps 12.4% on investment income

    SINGAPORE -- Transport operator ComfortDelGro posted a net profit of 82.5 million Singapore dollars ($58.6 million) for its first quarter ended March, a 12.4% rise from the year before, helped by an increase in net income from investments.Revenue fe

    May 12, 2017 09:01 pm JST
  • China financials, French relief lift Nikkei Asia300 Index this week

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose this week, helped by a recovery in Chinese financials, and as a market-favored outcome in French presidential elections spurred risk appetite.The Nikkei Asia300 Index edged 0.1% higher

    May 12, 2017 08:23 pm JST
  • Singapore's Banyan Tree reports 124% rise in Q1 profit

    SINGAPORE -- Singaporean luxury resort operator Banyan Tree Holdings posted a 124% jump in net profit of 1.19 million Singapore dollars ($844,500) for its first quarter ended March, from S$535,000 a year ago. The leap was mainly due to a higher cont

    May 12, 2017 08:10 pm JST
  • Singapore, Malaysia stocks post weekly gains as Macron's win spurs risk appetite

    SINGAPORE (Nikkei Markets) - Stocks in Singapore and Malaysia posted weekly gains as Emmanuel Macron's French presidential election win allayed concerns over France's future with the European Union, boosting investors' risk appetite.The victory by M

    May 12, 2017 07:28 pm JST