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  • Southeast Asian economy

    Growth slowing but hopes remain high

    MANILA -- While sluggish consumption stemming from rising prices is stalling growth in Southeast Asia, expectations are strong that cheaper crude oil will help pull the region out of its temporary lull. The Philippines' gross domestic product gr

    November 28, 2014 06:54 am JST
  • Japanese cuisine

    Restaurant chains heading to Southeast Asia

    TOKYO -- Restaurant operators in Japan are expanding in Southeast Asia, hoping to tap demand from locals interested in the country's cuisine. Colowide plans to open barbecue chain Gyu-Kaku and a shabu shabu chain in Indonesia. The company will s

    November 28, 2014 01:15 am JST
  • SM Prime's fresh funds

    Philippines' largest real estate raises $400M

    MANILA -- SM Prime Holdings, the Philippines' largest real estate company by market value, has raised 18 billion pesos ($400 million) fresh funds to bankroll its capital expenditure. The overnight sale of treasury shares saw strong interest from i

    November 27, 2014 07:13 pm JST
  • Philippine July-Sept. GDP

    'Economic miracle' hits a road bump

    MANILA -- Philippine economic growth faltered to 5.3% in the third quarter, disappointing both the government and market observers, while also quieting talk of an "economic miracle." The expansion in July-September gross domestic product is slow

    November 27, 2014 05:56 pm JST
  • GMR vs. Maldives

    Indian construction major seeks $803M over scrapped airport deal

    NEW DELHI -- Indian developer GMR Infrastructure is claiming $803 million in damages from the Maldivian government for "wrongful repudiation" of an agreement to develop Male International Airport after the project was re-awarded to a company from Ch

    November 27, 2014 01:00 pm JST
  • Sumitomo Metal Mining

    Japanese smelter's stock heats up on surprise earnings upgrade

    TOKYO -- Sumitomo Metal Mining's recent full-year earnings upgrade caught the attention of investors because, while external market forces factored into the upbeat outlook, the strong performance of its Philippine nickel mining and smelting operatio

    November 27, 2014 02:26 am JST
  • NAR Bangkok forum

    Localization, globalization keys to expansion, says Bank of Ayudhya CEO

    BANGKOK -- Localization of management and globalization of local employees are essential when expanding into foreign markets, said Noriaki Goto, CEO of Bank of Ayudhya, Thailand's fifth largest bank by assets, which was acquired by Japan's largest b

    November 26, 2014 10:00 pm JST
  • NAR Bangkok forum

    Can AEC overcome national interests and combine strengths? Yes, say auto bosses

    BANGKOK -- Three leaders of the region's automotive industry gave the ASEAN Economic Community grades of 8, 7 and 6 at the Nikkei Asian Review Forum in Bangkok on Wednesday. When asked how the AEC, to be launched at the end of 2015, is progressing,

    November 26, 2014 09:30 pm JST
  • NAR Bangkok forum

    GM seeks greater foothold in ASEAN market

    BANGKOK -- The upcoming ASEAN Economic Community could enhance the competitiveness of non-Japanese automakers despite their current smaller market share, according to Tim Zimmerman, president of General Motors' South East Asia Operations. He suggest

    November 26, 2014 08:10 pm JST
  • NAR Bangkok forum

    Nissan sees growth opportunity in ASEAN Economic Community

    BANGKOK -- The launch of the ASEAN Economic Community at the end of 2015 will offer the automobile industry a unique opportunity to reduce logistics costs and create a strategic production base, Toshiyuki Shiga, vice chairman of Nissan Motor, said a

    November 26, 2014 06:50 pm JST
  • Bob Herrera-Lim

    Riding high, Philippines needs to keep reforming

    Casual observers of news from the Philippines may have noticed in the past few months that domestic politics and media have been fixated on the congressional investigations into the supposed corruption of Vice President Jejomar Binay. The former cit

    November 25, 2014 07:00 pm JST
  • Globe Telecom growth

    Philippine company sees mobile banking potential in Myanmar

    MANILA -- Globe Telecom, a joint venture between Ayala Corp. of the Philippines and Singapore Telecommunications, is looking to Myanmar for regional expansion opportunities. Globe is opting not to compete directly in Myanmar's fledgling telecomm

    November 24, 2014 06:54 pm JST
  • China building island in Spratlys, possibly for airstrip: report

    TOKYO (Kyodo) -- Satellite imagery shows China is building in the Spratly Islands in the South China Sea a new island so large that it could be a site for the country's first airstrip in the disputed sea, according to a major defense journal. Th

    November 22, 2014 10:53 pm JST
  • Panasonic in Southeast Asia

    Marketing power storage, surveillance systems to local businesses

    JAKARTA -- Panasonic will step up marketing to corporate customers in Southeast Asia, pursuing big contracts for power systems that combine storage and solar batteries, and surveillance equipment. System engineers and marketing personnel in char

    November 21, 2014 06:24 am JST
  • Ayala's construction push

    Philippine conglomerate builds war chest for infrastructure

    MANILA -- Philippine conglomerate Ayala has raised about $575 million in just three weeks as it beefs up its reserves for infrastructure projects. The company told the Philippine Stock Exchange on Thursday it completed a quick, overnight equity

    November 20, 2014 06:00 pm JST
  • ASEAN by the numbers

    Corporate ranking shows what drives the region -- and what doesn't

    BANGKOK -- Ranking Southeast Asia's top companies by market capitalization and net profit gives a good idea who the movers and shakers are in Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam. But the list also reveals important

    November 20, 2014 12:00 am JST
  • Exclusive interview

    SM's Sy-Coson wants to reach more of the middle class

    brightcove.createExperiences(); TOKYO -- The Philippines is Southeast Asia's fastest-growing economy, and SM Investments is no stranger to rapid expansion. Through its retail and property development arms, the country's largest

    November 20, 2014 12:00 am JST
  • Bottom lines

    ASEAN companies with modest market caps multiply their profits

    KUALA LUMPUR -- Don't let their relatively modest market capitalizations fool you: Some Southeast Asian companies have been making massive profit strides. These businesses have ridden the economic growth that has swept across the region, partly

    November 20, 2014 12:00 am JST
  • SM's Sy-Coson wants to reach more of the middle class

    brightcove.createExperiences(); TOKYO -- The Philippines is Southeast Asia's fastest-growing economy, and SM Investments is no stranger to rapid expansion. Through its retail and property development arms, the country's largest

    November 20, 2014 12:00 am JST
  • Introducing the $10 billion club

    BANGKOK -- Southeast Asia's $10 billion club keeps getting bigger. The Association of Southeast Asian Nations had 44 companies with market capitalizations of at least that amount at the end of October, up from 34 four years earlier. Sure, Japan

    November 20, 2014 12:00 am JST