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  • Modi rolls out 'red carpet' for Japanese manufacturers

    TOKYO -- Japanese manufacturers, consider yourselves invited to India. "There is one thing I can promise to you," Indian Prime Minister Narendra Modi told a symposium in Tokyo on Tuesday. "If you want to look abroad, there is no need for you to

    September 2, 2014 07:30 pm JST
  • Stephen Grenville: How to reboot world trade talks

    Expanding trade has been the lynchpin of globalization. Total world trade rose from 42% of global gross domestic product in 1980 to 62% in 2007, according to the International Monetary Fund. Trade slowed during the 2008 crisis and since then has bar

    September 2, 2014 01:00 pm JST
  • Panasonic to make all optical pickups in Philippines

    OSAKA -- Panasonic has shifted all production of optical pickups for devices like DVD recorders to the Philippines in a move designed to rid the segment of red ink this fiscal year. Group subsidiary Panasonic Precision Devices holds a 30-40% sha

    September 2, 2014 03:47 am JST
  • More Philippine firms rushing to raise funds ahead of higher interest rates

    MANILA -- More Philippine companies are making last-minute bond offerings in an effort to pool their capital before interest rates climb further in the coming months. SM Prime Holdings, the nation's largest real estate firm by market value, on M

    September 1, 2014 07:10 pm JST
  • Infrastructure crucial to continued growth in Southeast Asia

    MANILA -- A critical issue for members of the Association of Southeast Asian Nations is how to fix lagging industrial development and infrastructure. The Philippines, with a population of about 100 million and a median age of 23, will likely see

    August 29, 2014 05:50 am JST
  • Economic growth slowing in Southeast Asia

    MANILA -- Southeast Asian economies, which have been enjoying growth rates around 7%, are starting to lose steam as the rest of the world continues to slump and rising prices discourage spending. The Philippines saw real gross domestic product g

    August 29, 2014 05:41 am JST
  • Philippine economy grows 6.4% in second quarter

    MANILA -- The Philippine economy grew 6.4% on the year in the second quarter, slightly below government target but higher than the market had expected. According to government statistics released Thursday, the April-June expansion was slower tha

    August 28, 2014 06:00 pm JST
  • East Asian free-trade talks stumble over tariff rates

    TOKYO -- Sixteen Asia-Pacific nations negotiating a free-trade pact were unable to settle on a common target for tariff elimination at a ministerial meeting Wednesday in Naypyitaw, making a conclusion by the end of next year unlikely. This marke

    August 28, 2014 03:50 am JST
  • NEC to supply optical cable for new line across Pacific

    TOKYO -- NEC will supply 15,000km of optical cable as its contribution to a seven-company international consortium laying a new undersea communications line directly linking Indonesia, the Philippines and the U.S. via Guam. Scheduled for complet

    August 28, 2014 03:31 am JST
  • Southeast Asian car sales fell 16% in July

    BANGKOK -- Sales of new cars in six leading Southeast Asian countries slid 16% on the year to 259,840 units in July, the 15th straight month of declines. Sales volumes dropped in Indonesia, Thailand and Malaysia, the first time this year all of

    August 28, 2014 03:25 am JST
  • Trading company Sun-wa targeting 3 years of record profit

    TOKYO -- Electronic parts trader Sun-wa Technos aims to generate 4.7 billion yen ($44.7 million) in group pretax profit next fiscal year, up 37% from fiscal 2013 for what would be its third straight year of record profit. The Tokyo-based company

    August 28, 2014 02:00 am JST
  • George Magnus: The clock is ticking for an aging Asia

    The rapid aging of the population is widely recognized as one of the most daunting challenges facing developed economies, such as Japan and Germany. Less attention has been paid to the fact that graying demographics are a ubiquitous global phenomeno

    August 28, 2014 12:00 am JST
  • Korn Chatikavanij: Prescriptions for Asean and Thailand: Better governance, stronger institutions

    Looking at the ongoing tragedy in Ukraine, it has become apparent that the conflict there is happening because of the weakened geopolitical positions of both the U.S. and Europe. This phenomenon is creating power vacuums in pockets around the world.

    August 28, 2014 12:00 am JST
  • George Magnus: Strategies for winning the demographic battle

    Asia's aging population will inevitably affect its economic growth. But demographics are not destiny; all nations have the capacity to develop ways of navigating the transition toward grayer societies. The main mechanisms for coping with a stagn

    August 28, 2014 12:00 am JST
  • Southeast Asia embracing Islamic finance

    SINGAPORE -- Islamic finance has been growing rapidly across the world. The market for this type of funding is projected to more than double to $2 trillion in 2014 compared with five years ago, according to a British association specializing in Isla

    August 28, 2014 12:00 am JST
  • M&A deals between Southeast Asian businesses increasing

    TOKYO -- Southeast Asian companies are ramping up acquisitions in preparation for the region's economic integration next year, seeking to ensure that they can thrive in a global market. The value of mergers and acquisitions between Southeast Asi

    August 28, 2014 12:00 am JST
  • Global acquisitions hold key to competitiveness

    TOKYO -- Southeast Asian companies' acquisitions within the region have been aimed at building stronger business foundations, reflecting their defensive stance. But it is crucial that they also maintain an offensive strategy through purchases elsewh

    August 28, 2014 12:00 am JST
  • The great wealth divide

    Asia's middle-class population may be swelling, but the rich-poor divide is still big. The reasons for this inequality are many, but one key culprit is the lack of inheritance and gift taxes in most of the region's emerging economies. The wealth gap

    August 28, 2014 12:00 am JST
  • SM Land gets backing for Manila Bay reclamation project

    MANILA -- A unit of SM Investments, the largest conglomerate in the Philippines, is seeking official permission for a 300-hectare reclamation project in Manila Bay that will cost unknown billions of pesos. In a newspaper notice published on Tues

    August 26, 2014 10:38 pm JST
  • Ayala looking for up to $342M from preferred share offering

    MANILA -- Ayala, a big Philippine conglomerate, plans to raise up to 15 billion pesos ($342 million) from the sale of preferred shares. In a stock exchange filing Tuesday, Ayala said its executive committee cleared the offering of up to 30 mill

    August 26, 2014 07:50 pm JST