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  • IT giants sending disaster prediction systems to Southeast Asia

    TOKYO -- Fujitsu, IBM and other major information technology companies are deploying disaster mitigation systems to Southeast Asia, a region prone to flooding and earthquakes. Screens covering walls at a disaster prevention center in Jakarta sho

    September 20, 2014 05:28 am JST
  • Manila inundated, trading suspended as typhoon gains strength

    MANILA -- Parts of the Philippine capital were engulfed in floodwaters Friday, forcing government offices and private businesses to suspend operations as typhoon Fung-Wong intensified. Major areas in Metropolitan Manila and nearby provinces were

    September 19, 2014 05:00 pm JST
  • India, Asean enhance free trade agreement

    NEW DELHI -- Four years after a free trade agreement relating to goods came into effect between India and the Association of Southeast Asian Nations, the trade partners have gone a step further with a supplementary trade in services and investment a

    September 19, 2014 12:34 pm JST
  • Japan power companies to help along Philippine growth

    MANILA -- Philippine economic growth has left the country hungry for electricity as power supply shortages become more acute. Japanese companies are playing a significant role in the Southeast Asian nation's efforts to address its energy problems.

    September 18, 2014 07:00 pm JST
  • Bank of the Philippine Islands puts focus on domestic economy

    MANILA -- Bank of the Philippine Islands is focused on enlarging its domestic footprint, while many other major players look to regional expansion as economic integration progresses. The Philippines' oldest lender still prefers to expand its cor

    September 18, 2014 06:30 pm JST
  • Mizuho unit to buy into Philippine leasing company

    TOKYO -- Century Tokyo Leasing plans to take a 49% stake in a major leasing company in the Philippines, a market that is still untouched for the Mizuho Financial Group unit. The Japanese company is expected to spend about 4 billion yen ($37 mill

    September 18, 2014 01:13 am JST
  • No ID? No problem! Here's your cash

    MANILA -- Every month, retired civil engineer William Sombilla sends a portion of his three helpers' salaries directly to their respective families, hundreds of kilometers apart. The families live in the municipality of Piddig, Ilocos Norte Prov

    September 18, 2014 12:00 am JST
  • The power of digitization

    A new digital revolution is coming to Asia, thanks to the explosive spread of smartphones. At the end of last year, 780 million smartphones were in use in the Asia-Pacific region (excluding Japan). The number is projected to reach 2 billion in 2018,

    September 18, 2014 12:00 am JST
  • World leaders must take climate action now

    East Asia is on the front lines of climate change. Hundreds of millions of people in the region live in and outside cities in low-lying areas, facing increasing risks from rising seas, heat waves, droughts, salinity intrusion and water scarcity. We

    September 17, 2014 03:00 pm JST
  • Mitsubishi Motors pins growth hopes on Southeast Asia

    TOKYO -- Mitsubishi Motors is piling on investments in Southeast Asia, seeking to lay new foundations for overseas expansion. The automaker said Tuesday that it will build an assembly plant in Indonesia. It aims to raise its market share in the

    September 17, 2014 01:39 am JST
  • Alliance Global to expand in fast food, move into industrial parks

    MANILA -- Philippine conglomerate Alliance Global Group on Tuesday laid out new expansion plans for its fast food restaurant and property units. In a stock exchange filing, its subsidiary Golden Arches Development, the local franchise holder for

    September 16, 2014 05:07 pm JST
  • Manila-Cavite light rail extension finally awarded

    MANILA -- Light Rail Manila Consortium led by Metro Pacific Investments and Ayala group has been awarded the 64.9-billion peso ($1.47-billion) project to extend and operate the Philippine capital's oldest and longest overhead railway. In separat

    September 15, 2014 08:20 pm JST
  • Government dawdling slows Philippines' infrastructure drive

    MANILA -- SM Group, one of the Philippines' biggest conglomerates, is set to launch a large-scale reclamation project in the Metropolitan Manila. But the government's slow pace on infrastructure development is casting uncertainty over the fate of th

    September 14, 2014 01:00 pm JST
  • Lazada seeks e-commerce dominance in Southeast Asia

    TOKYO/FRANKFURT -- Lazada is quickly becoming an e-commerce behemoth in Southeast Asia, branching out into six countries in a mere two years, as global giants and local players vie for a bigger slice of this burgeoning market. Lazada, founded in

    September 11, 2014 03:58 am JST
  • Southeast Asia seeks peace through prosperity

    TOKYO -- With incomes rising and instances of terrorism falling, Southeast Asia is showing how growth can lead to stability, and stability to further growth. Indonesia, the region's most populous country, has seen the number of terrorist attacks

    September 11, 2014 12:00 am JST
  • Japanese TV programs to debut in Vietnam next month

    TOKYO -- Japanese television programs will begin airing in Vietnam next month, marking the first step in broader efforts to export cultural content to Southeast Asia. Drama series and other programs will be broadcast on local TV channels for a f

    September 10, 2014 11:41 pm JST
  • San Miguel eyes UK's United Biscuits after Philippine Airlines exit

    MANILA -- San Miguel is looking to invest in the U.K.'s United Biscuits as the Philippine company looks to diversify its food portfolio. San Miguel President Ramon Ang, confirmed to Nikkei via text message various reports saying that the company

    September 10, 2014 04:30 pm JST
  • San Miguel sells back its interest in Philippine Airlines

    MANILA -- Diversified conglomerate San Miguel has agreed to sell back its 49% stake in Philippine Airlines to the group led by local tycoon Lucio Tan that owns the majority. In a mobile text message on Monday night, San Miguel President Ramon An

    September 8, 2014 11:30 pm JST
  • American businesses bullish on closer-knit Southeast Asia

    KUALA LUMPUR -- American companies in Southeast Asia remain upbeat as the region closes in on economic integration. In a survey of 588 senior executives representing U.S. companies in the 10 members of the Association of Southeast Asian Nations,

    September 8, 2014 06:50 pm JST
  • New ADB chief economist says middle-income trap a myth

    MANILA -- The so-called middle-income trap, in which certain countries appear stuck at a middle level of development, is a sham, the new chief economist of the Asian Development Bank says. Although it has no formal definition, the "trap" is

    September 8, 2014 02:51 pm JST