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  • Suzuki aims for car that gets 40km per liter

    TOKYO -- Suzuki Motor says it will create cars that can run for 40km per liter of gasoline by improving its existing technologies. The moves comes as Suzuki seeks to reinforce its presence in emerging economies, where demand for efficient cars i

    April 17, 2014 01:00 pm JST
  • Fast-growing Asian companies set to take on world

    IHH Healthcare, Jollibee Foods, VGI Global Media -- these companies are not exactly household names in most countries. And they are dwarfed by their Western counterparts, say, Hospital Corporation of America, McDonald's or Publicis Omnicom Group. Bu

    April 17, 2014 12:00 am JST
  • Emerging markets grow their own corporate giants

    To find the business giants of the future, The Nikkei Veritas has created a list of companies with high return on equity in emerging countries, as well as some that satisfy certain requirements, including high return on sales. VGI Global Media is

    April 17, 2014 12:00 am JST
  • Jollibee shows Philippines' hunger for global growth

    Many Filipino children no doubt dream of having their next birthday at a Jollibee. The fast-food chain itself is pursuing bigger, international aspirations. With around 800 outlets in the Philippines, Jollibee Foods has branched out into the U.S

    April 17, 2014 12:00 am JST
  • Economic growth is (mostly) for the young

    With a median age of just 23.5, the Philippines appears to have a bright economic future in store. A young country can look forward to a "demographic dividend" in the form of a growing working-age population, and relatively fewer old people requi

    April 17, 2014 12:00 am JST
  • Money raised via Asian IPOs quadrupled last quarter

    HONG KONG -- Corporations procured a total of $14 billion through initial public offerings in the Asia-Pacific region during the January-March quarter, four times as much as a year earlier. The figure accounts for 41% of the global tally, accord

    April 16, 2014 04:01 am JST
  • Philippines' fiscal reform offers model for some Asean peers

    HANOI -- The Philippines has been able to achieve economic growth without damaging its finances, setting an example for Southeast Asia's less-developed countries. While the country ran large budget deficits last decade, the Philippines has been

    April 16, 2014 03:32 am JST
  • Newer Asean members' revenues pinched by free trade zone

    HANOI -- Less-developed members of Asean are struggling to replace tax revenues being lost as they move to reduce tariffs in line with the Southeast Asian bloc's plans for regional economic integration. To promote free trade across the region, m

    April 16, 2014 02:10 am JST
  • SM Prime plans to spend $9B in five-year expansion program

    MANILA -- SM Prime Holdings, the Philippines' largest property developer, plans to spend 400 billion pesos ($9 billion) in a five-year program that involves expansion both at home and elsewhere in the region. The highlights of the plan include n

    April 15, 2014 08:30 pm JST
  • 'Tonkotsu' ramen bowling over Asia

    TOKYO -- Japanese ramen has a lot of fans throughout Asia, but one variety of this noodle dish -- tonkotsu style -- is proving especially popular, especially among the region's Chinese populace. Tonkotsu, which literally means "pork bones," ref

    April 15, 2014 07:00 pm JST
  • Stephen Grenville: IMF ignores its own data on emerging economies

    Christine Lagarde, managing director of the International Monetary Fund, told the Group of 20 summit in St. Petersburg last September: "Just as some advanced economies have begun to gather momentum, many emerging markets are slowing." With this warn

    April 15, 2014 01:00 pm JST
  • Obama to visit Japan on April 23-25: White House

    WASHINGTON (Kyodo) -- U.S. President Barack Obama will visit Japan for three days from April 23 on the first leg of a weeklong Asian tour that will also take him to South Korea, Malaysia and the Philippines, the White House said Monday. Obama w

    April 15, 2014 10:01 am JST
  • FamilyMart to open 100 stores in the Philippines this year

    MANILA -- FamilyMart is ramping up its expansion in the Philippines, with the local licensee aiming to triple store openings this year. SIAL CVS Retailers, a joint venture of Ayala Land and local high-end retailer Store Specialist, develops the

    April 15, 2014 04:45 am JST
  • SM Prime eyes growth with 'lifestyle' malls, e-commerce

    MANILA -- The Philippines' richest family is gearing up to transform the face of mall development and retail here after forming Southeast Asia's biggest property conglomerate. SM Prime Holdings, owned by the Sy family, is also set to expand abro

    April 14, 2014 01:00 pm JST
  • EU removes Cebu Pacific from aviation blacklist

    MANILA -- Another local carrier -- this time Cebu Pacific -- has been allowed to fly to Europe, marking a double victory for Philippine civil aviation, which has just secured a safety upgrade from the U.S. The official announcement from the Euro

    April 14, 2014 11:00 am JST
  • Asian Development Bank to boost long-term infrastructure loans

    TOKYO -- The Asian Development Bank plans to increase long-term lending to member countries and businesses in the region by 20% to around $15 billion as early as 2017, aiming to shore up infrastructure amid rapid population growth. It will provi

    April 12, 2014 02:02 am JST
  • Philippine conglomerate Ayala eyes $450M profit by 2016

    MANILA -- Ayala Corp., the Philippines' oldest conglomerate, targets a profit of 20 billion pesos ($450 million) by 2016, driven by its core businesses. "Our earnings outlook for each of our key businesses remains upbeat, with mostly double-digi

    April 11, 2014 08:50 pm JST
  • Philippines' ICTSI to expand, operate Iraq port

    MANILA -- International Container Terminal Services (ICTSI) of the Philippines has bagged a contract to develop Iraq's largest port. ICTSI, through its subsidiary ICTSI (M.E.) JLT, inked a deal with General Company for Ports of Iraq on Tuesday to

    April 10, 2014 07:00 pm JST
  • Philippine air carriers cleared to chart new US routes

    MANILA -- Philippine airlines are planning new flights to the U.S., now that their country's aviation industry has been granted the requisite safety rating. The U.S. Federal Aviation Administration announced Wednesday that it has restored the

    April 10, 2014 07:00 pm JST
  • KOP ups its entertainment game, aims to bring Marvel to SE Asia

    SINGAPORE -- Property developer and investor KOP Group of Singapore has acquired a majority stake in Victory Hill Exhibitions, a U.S.-based production and distribution company known for creating interactive exhibitions featuring such blockbusters as

    April 10, 2014 11:00 am JST