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  • 21 nations sign accord for China-led development bank

    BEIJING -- A total of 21 countries signed a memorandum of understanding in Beijing on Friday for the establishment of a China-led multinational bank. Representatives from Southeast Asia and the Middle East, as well as China, India and Mongolia,

    October 24, 2014 02:00 pm JST
  • Universal Robina expanding beverage line via Danone joint venture

    MANILA -- Universal Robina is forming a joint venture with Danone Asia Holdings as the Philippine company moves to expand its beverage portfolio. The joint venture firm, which will be named Danone Universal Robina Beverages, will be equally owne

    October 23, 2014 04:40 pm JST
  • Philippines emerging as shipbuilding hub

    TOKYO -- The Philippines is quickly becoming a global shipbuilding hub by using the skills and resources of foreign players. In 2010, the country surpassed its European rivals and has since become the fourth-biggest shipbuilding nation, after China,

    October 23, 2014 12:00 am JST
  • Religious strife hits home in Southeast Asia

    World leaders, including U.S. President Barack Obama, are calling for international cooperation to fight Islamic State militants in the Middle East. But conflicts with such extremists are not confined to this region. Southeast Asia is home to roughl

    October 23, 2014 12:00 am JST
  • Rays of hope in Mindanao, new threat for Indonesia

    MINDANAO, Philippines/JAKARTA -- Musmaila Makalunas is still haunted by memories of bombs raining down. Until just a few years ago, the southern Philippine island of Mindanao was plagued by conflict between government forces and the Moro Islamic

    October 23, 2014 12:00 am JST
  • Asia faces bubble trouble as Fed pulls back

    TOKYO -- The imminent normalization of U.S. monetary policy may spell bad news for investors. How bad? According to a recent report by the International Monetary Fund, the shift could see market players lose 8%, or $3.8 trillion, on their bond portf

    October 23, 2014 12:00 am JST
  • Aquino mulls fresh tender on $790 million road project

    MANILA -- The Philippine government is likely to re-launch a 35.4 billion peso ($790 million) public-private partnership project that has pitted two influential business groups against each other. "So how do we meet ... the goal of getting the b

    October 22, 2014 07:15 pm JST
  • Bye-bye to the tuk-tuk? Three-wheelers lose luster in Asia

    MUMBAI/JAKARTA -- Three-wheeled vehicle production appears to be on the wane in Asia as four-wheeled cars and motorcycles become the rides of choice, and because of environmental concerns. India's Crisil Research projects that sales of cargo-car

    October 22, 2014 07:00 pm JST
  • Peso-pinching back-office service providers have a thing for the Philippines

    MANILA -- Business process outsourcing -- paying other companies to do some of your back-office tasks -- has a big footprint here. But the service providers are starting to spread out to other parts of the country where labor is cheaper. Transco

    October 22, 2014 07:00 pm JST
  • High growth in Asia-Pacific of high net worth individuals

    SINGAPORE -- The wealth held by high net worth individuals (HNWIs) in emerging Asia is predicted to grow at about 12.3% annually from 2013 to 2016, and at about 8.4% for their counterparts in more mature Asian economies, according to the Asia-Pacifi

    October 21, 2014 09:07 pm JST
  • Rays of hope for Philippines' Mindanao peace process

    MINDANAO, Philippines/JAKARTA -- Musmaila Makalunas is still haunted by memories of bombs raining down. Until just a few years ago, the southern Philippine island of Mindanao was plagued by conflict between government forces and the Moro Islamic

    October 20, 2014 07:00 pm JST
  • Microfinance reaps benefits for small businesses, investors across Asia

    TOKYO -- Microfinance is increasingly used by small businesses across Asia to expand operations. The finance tool enables those in extreme poverty to borrow small amounts of money without collateral. The system is helping entrepreneurs and small

    October 19, 2014 01:00 pm JST
  • Signs of bubble collapse appearing in emerging Asia

    TOKYO -- The imminent normalization of U.S. monetary policy may spell bad news for investors. How bad? According to a recent report by the International Monetary Fund, the shift could see market players lose 8%, or $3.8 trillion, on their bond portf

    October 19, 2014 07:00 am JST
  • H&M moves into Manila

    MANILA -- Swedish fast fashion retailer H&M on Friday opened its first shop in the Philippines. The store opened in SM Megamall, one of the biggest shopping centers in Metropolitan Manila. The shop occupies three floors with 3,000 sq. meters of

    October 17, 2014 02:55 pm JST
  • Gregory Poling: China's legal guessing game in the Spratlys -- reef, rock or island?

    In June, the Philippine government released photographic evidence documenting China's efforts to expand five tiny spits of land it occupies in the disputed Spratly Islands: Johnson, Cuarteron, Hughes, Gaven and Eldad reefs. Subsequent reports have s

    October 16, 2014 01:00 pm JST
  • Anders Corr: China threat requires an Asian NATO

    China's increasing belligerence in the East and South China seas, and toward India, has fundamentally destabilized the security dynamics of Asia. Japan is seeking a closer alliance with India and is likely seeking advanced offensive weapons from the

    October 16, 2014 12:00 am JST
  • Asia's coffee cravings contribute to inflated bean prices

    TOKYO -- Asia's growing taste for java means that high trading prices for coffee beans may not change anytime soon. A gloomy harvest outlook for Brazil, the world's No. 1 coffee grower, pushed up New York's benchmark contract to 200 cents per po

    October 16, 2014 12:00 am JST
  • ASEM's 10th summit most important yet

    Asia matters -- for Europe. And Europe matters -- for Asia. That is why the Asia-Europe Meeting (ASEM) was created in 1996. That is why it has become the key forum for dialogue and cooperation between Europe and Asia. And that is why on Oct. 16 and

    October 15, 2014 06:40 pm JST
  • Japan dotted with volcanoes that could erupt at any time

    TOKYO -- The recent eruption of Mount Ontake, Japan's worst postwar volcanic disaster, provided graphic evidence of the threat posed by active volcanoes. Japan has 110 active volcanoes, some 7% of the world total. Active volcanoes are those that

    October 14, 2014 07:00 pm JST
  • Bulls play on the Philippine bourse

    MANILA -- As the market surges, the Philippine Securities and Exchange Commission has approved three major equity offerings collectively valued at 18.9 billion pesos ($422 million). The regulator said on Monday that it has cleared initial public

    October 13, 2014 10:10 pm JST