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  • Brahma Chellaney: A broken international system?

    Three upcoming summits -- the Asia Pacific Economic Cooperation meeting in Beijing, the annual East Asia Summit in Naypyitaw, Myanmar, and the G-20 summit in Brisbane, Australia -- will bring together a host of world leaders, including U.S. Presiden

    October 30, 2014 06:00 pm JST
  • Ex-Asean head warns of 'slow' economic integration

    BANGKOK -- Progress toward economic integration of the Association of Southeast Asian Nations will likely be slow due to a lack of strong leadership, according to Surin Pitsuwan, former secretary general of Asean and one of the architects of its pla

    October 30, 2014 01:00 pm JST
  • Singapore Airlines charts new course for cash-burning Tigerair

    SINGAPORE -- Singapore Airlines is coming to the rescue of its Tiger Airways unit, a low-cost carrier scarred by competition in one of the world's toughest short-haul markets: Southeast Asia. Singapore-based Tigerair has been turning tail after

    October 30, 2014 02:18 am JST
  • Philippines' Aboitiz profit nosedives due to poor-performing plants

    MANILA -- Profit at Aboitiz Power fell 11% to 4.3 billion pesos ($96 million) last quarter from year ago due to a slump in its power generation business. Earnings from power generation, the Philippine company's cash cow, fell 21% to 3.2 billion

    October 29, 2014 07:09 pm JST
  • Cebu Pacific eyes steady passenger growth for next 5 years

    MANILA -- Philippine budget carrier Cebu Pacific is gunning for up to 10% annual growth in passenger volume for the next five years, CEO Lance Gokongwei said Tuesday. The airline, owned by listed Cebu Air, already carries around 17 million pass

    October 28, 2014 06:00 pm JST
  • Philippines' BDO posts 41% jump in Q3 profit

    MANILA -- The Philippines' largest bank, BDO Unibank, reported a 5.7 billion peso ($127 million) net profit in the third quarter, up 41% from a year ago. The increase in the July-September period was due to "sustainable quality earnings from its

    October 27, 2014 04:00 pm JST
  • Japan cinema set for 'Southeast Asian invasion'

    TOKYO -- Southeast Asian movies will hit Japanese screens one after another later this year. International attention is focused on Southeast Asia, mainly Singapore, Thailand and the Philippines, after a couple of directors from the region won a

    October 26, 2014 01:00 pm JST
  • 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