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  • Consumer trends

    Solid economy gives Filipinos taste for finer things

    MANILA -- The consumer market in the Philippines is becoming more robust and vibrant as economic growth swells the ranks of the middle class. The Southeast Asian country's per capita gross domestic product is expected to exceed $3,000 this year,

    April 19, 2015 01:00 pm JST
  • AIIB launch

    ASEAN members expect funding from new bank

    TOKYO -- In November 2014 in Beijing, Indonesian President Joko Widodo proposed to Chinese President Xi Jinping that the headquarters of the China-led Asian Infrastructure Investment Bank be located in Indonesia. It was not just an off-the-cuff

    April 18, 2015 01:00 pm JST
  • Cryptocurrency revolution

    Southeast Asians get to grips with bitcoin

    TOKYO -- Bitcoin-based financial services, such as low-cost overseas remittances for foreign workers, are increasingly common in Southeast Asia. New services allow users to receive cash without having to deal with the technical aspects of the cr

    April 18, 2015 01:00 pm JST
  • ICTSI expansion

    Port operator has two African prospects in view

    MANILA -- International Container Terminal Services (ICTSI), which runs 29 ports internationally and is the largest operator of its kind in the Philippines, is eyeing two more concessions in Africa, Chairman Enrique Razon told reporters on Thursday.

    April 17, 2015 09:25 am JST
  • Marketing in Asia

    Google, Samsung among brand leaders in new poll

    TOKYO -- South Korea's Samsung Electronics has one of the strongest brand images in Asia, shows the Brand Asia 2015 survey published by Nikkei BP Consulting. The smartphone manufacturer came out on top in three of the poll's 11 markets, up by tw

    April 17, 2015 03:36 am JST
  • JG Summit

    Equity earnings drive Philippine conglomerate's 2014 profit

    MANILA -- JG Summit Holdings, a major conglomerate in the Philippines, saw its profit surge by 75% to 18.25 billion pesos ($411 million) last year, thanks to big jumps in equity earnings from power distribution and telecommunications investments.

    April 16, 2015 07:15 pm JST
  • Asia must work together to fight epidemics

    One year has passed since the outbreak of the Ebola epidemic in West Africa. The official death toll, which includes figures for such countries as Guinea, Liberia and Sierra Leone, has surpassed 10,000. Though some experts say the worst of the Ebola

    April 16, 2015 12:00 am JST
  • Peace dividends

    Myanmar minister highlights economic benefits of proposed ceasefire

    TOKYO -- Myanmar's protracted peace process is entering a new phase which could see the focus shift from ceasefire to economic development, foreign investment and job creation in the country's ethnic states, according to Aung Min, Myanmar's minister

    April 15, 2015 09:30 pm JST
  • SM Prime

    What slowdown? Philippine property group charges further into China

    MANILA -- SM Prime Holdings, the Philippines' largest property developer, is pushing ahead with its maiden residential project in China, brushing off concerns about the cooling mainland real estate market. The company intends to launch this year

    April 15, 2015 01:15 pm JST
  • 'Great wall of sand'

    Chinese reclaimed land worries US

    TOKYO -- An influential U.S. Navy official made waves recently with an unusually open criticism of Beijing. "China is creating a great wall of sand, with dredges and bulldozers, over the course of months," he said. U.S. Pacific Fleet Commander Ad

    April 14, 2015 07:00 pm JST
  • Philippine stock market

    Aquino cheers record share prices

    MANILA -- Philippine President Benigno Aquino rang the opening bell at the Philippine Stock Exchange on Tuesday, touting soaring share prices and investor confidence in Southeast Asia's fastest-growing economy. The Philippine Stock Exchange inde

    April 14, 2015 04:50 pm JST
  • World Bank outlook

    Developing East Asia and Pacific slowing

    SINGAPORE -- Despite low oil prices, the World Bank predicts that growth in the developing economies of East Asia and the Pacific will slow to 6.7% because of China's weaker economy and uneven recovery in more developed economies. The Washington

    April 14, 2015 01:00 pm JST
  • ASEAN under prying eyes

    Report details decade of cyberspying likely backed by China

    TOKYO -- FireEye, a U.S.-based network security company, says it has blown the cover off a cyberspying group believed to be sponsored by the Chinese government. In a new report, FireEye alleges the group has been targeting Southeast Asia and India f

    April 13, 2015 07:30 pm JST
  • Small-biz boost

    13 Asian nations to make local financing easier

    TOKYO -- Japan, China, South Korea, and 10 members of the Association of Southeast Asian Nations will create a financing mechanism allowing their banks to procure local currency by putting up sovereign bonds as collateral. Finance ministers and

    April 11, 2015 03:37 am JST
  • Ayala expansion

    Philippine conglomerate wants more deals abroad, foothold in ASEAN

    MANILA -- Ayala, a major Philippine conglomerate, continues to scan business opportunities in the region while it ramps up investments at home for its diversification into power generation and education. The group, which has core interests in banki

    April 10, 2015 10:57 pm JST
  • Reliant on remittances

    Expat workers boost Philippines economy

    MANILA -- Expat cash has driven the Philippines' solid economic growth. Remittance flows into the Philippines have so much impact on the economy that they are closely monitored by economists and investors. Helped by their English-language skills

    April 9, 2015 07:00 pm JST
  • Marites D. Vitug

    Aquino conundrum at the heart of messy politics

    As president of the Philippines, Benigno Aquino III is defying a general trend in his country's politics. The economy continues to surge even as his ratings plummet, which is remarkable for a leader who critics widely regard as an ineffectual lame d

    April 8, 2015 01:00 pm JST
  • Disaster remembrance and rebuilding

    Banda Aceh mayor tells Tohoku to preserve ruins

    SENDAI, Japan -- Sendai, one of the cities pummeled by the earthquake and tsunami that ravaged northeastern Japan four years ago, should preserve the scarred reminders of the disaster and use them as tourism sites to revitalize the regional economy,

    April 7, 2015 07:00 pm JST
  • Looming labor shortage

    Aging Asia scrambling for nursing workforce

    TOKYO/MANILA -- As Japan's population rapidly ages, the country will probably face greater difficulties securing enough manpower for their care. Despite measures such as expanded technical internship programs that train workers from overseas, Ja

    April 7, 2015 07:00 pm JST
  • Ayala Land

    Southeast Asia beckons as China declines

    MANILA -- As the Philippine developer eases out of China's cooling property sector, Ayala Land has turned to Malaysia for its first overseas toehold in Southeast Asia. On Monday, the company informed the Philippine Stock Exchange that its subsid

    April 7, 2015 03:10 pm JST