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  • The Future of Asia 2015

    Philippines 'carefully watching' AIIB

    TOKYO -- The Asian Infrastructure Investment Bank led by China would complement existing multilateral lenders if it is not used politically, Philippine Secretary of Finance Cesar Purisima said Friday at Nikkei's Future of Asia conference. With t

    May 22, 2015 12:37 pm JST
  • Infrastructure the Japanese way

    Abe focuses on 'quality' investment for Asia

    TOKYO -- Japan believes Asia should have quality infrastructure without sacrificing quantity, Prime Minister Shinzo Abe said Thursday, seeming to present an alternative to a Chinese-led infrastructure bank his country has not committed to join.

    May 22, 2015 12:19 am JST
  • The Future of Asia 2015

    Sensitive sectors remain sticking point ahead of AEC integration deadline

    TOKYO -- Aviation is among the sectors thwarting efforts by the Association of Southeast Asian Nations to integrate their economies by the end of 2015, a senior official from the bloc revealed. Under a policy roadmap, the ASEAN Economic Communit

    May 21, 2015 09:20 pm JST
  • The Future of Asia 2015

    Abe pledges $110 billion for Asian infrastructure

    TOKYO -- Japanese Prime Minister Shinzo Abe said his government and the Asian Development Bank will jointly provide $110 billion to finance "innovative" infrastructure in Asia. Innovation, Abe said, is necessary if Asia is to counter the challenges

    May 21, 2015 08:30 pm JST
  • The Future of Asia 2015

    ASEAN as the nucleus of an emerging Asia

    TOKYO -- As one of the fastest growing regions with various economic partnerships, ASEAN is the nucleus of an emerging Asia, Le Luong Minh, the bloc's secretary-general, argued. Growth is robust in Asia amid uncertainties in developed economies,

    May 21, 2015 05:55 pm JST
  • Nobu Hotel

    More luxury rooms as Manila banks on casino dream

    MANILA -- The Philippine capital will see a slew of luxury hotel openings in the next few years as developers race to accommodate visitors at a new entertainment hub and investors search for business opportunities. Nobu Hotel opened in Manila on

    May 21, 2015 08:33 am JST
  • Editorial: To drive trade, ASEAN must prove itself behind wheel

    The Association of Southeast Asian Nations is set to launch the ASEAN Economic Community, or AEC, by the end of this year -- a common economic area that will remove trade tariffs and ease regulations on service industries in the region, which is gre

    May 21, 2015 12:00 am JST
  • Philippine regulators make room for ride-booking apps

    MANILA -- The Philippine government has decided to recognize and regulate ride-booking services, classifying the private cars used in the industry as a public utility. Uber, a popular service platform, said the move was "groundbreaking," and hailed

    May 21, 2015 12:00 am JST
  • Public-private partnerships

    $3.8 billion Philippine railway project gets ADB backing

    MANILA -- The Asian Development Bank on Friday announced the first project it would be assisting under the lender's expanded public-private partnership advisory services: a $3.8 billion Philippine railway project. The ADB and the Development Ban

    May 15, 2015 11:43 pm JST
  • Tipping the scales

    Philippine obesity rate doubles in two decades

    MANILA -- Obesity rates are surging in the Philippines as people there eat more high-calorie fast-food and snacks. According to the Philippine Department of Science and Technology, the percentage of the population considered overweight or obese

    May 15, 2015 07:00 pm JST
  • Low-cal meals, jogging

    Filipinos growing health-conscious, creating business opportunities

    MANILA -- Health-oriented goods and services are enjoying growing popularity in the Philippines as health-consciousness is increasing along with rising incomes. FamilyMart of Japan, which operates some 100 convenience stores mainly in Manila, re

    May 15, 2015 11:13 am JST
  • GT Capital, Ayala, Metro Pacific

    Robust economy seen helping companies grow in 2015

    MANILA -- The earnings of Philippine conglomerates are seen rising this year, boosted by a growing economy, after three major companies reported healthy first quarters this week. GT Capital Holdings, Ayala Corp. and Metro Pacific Investments all

    May 14, 2015 09:38 pm JST
  • Philippine central bank

    Key interest rates unchanged

    MANILA -- The Philippine central bank on Thursday left benchmark interest rates unchanged. The Bangko Sentral ng Pilipinas, as expected, maintained the overnight borrowing and lending rates at 4% and 6%, respectively. Monetary authorities op

    May 14, 2015 06:44 pm JST
  • Weathering the slowdown

    Singapore banks shine amid uncertainty

    SINGAPORE -- Plunging prices for commodities and the ongoing slowdown of the Chinese economy were common headaches among financial institutions in Southeast Asia last year. Despite concerns about the rise of bad loans and slower loan growth, all but

    May 14, 2015 12:00 am JST
  • ASEAN losers

    A rough year for airlines, energy companies

    JAKARTA -- Some of Southeast Asia's biggest companies struggled to turn a profit last year -- some even lost money -- mainly due to heightened competition and weak oil prices. The Nikkei Asian Review's analysis of 89 ASEAN 100 companies reveale

    May 14, 2015 12:00 am JST
  • ASEAN winners

    Real estate developers build up profit

    BANGKOK -- About a third of the 30 best-performing non-bank ASEAN 100 companies in 2014 were in the real estate development and construction sectors, having benefited from strong demand for housing and offices as well as stepped-up construction of c

    May 14, 2015 12:00 am JST
  • A rough year for airlines, energy companies

    JAKARTA -- Some of Southeast Asia's biggest companies struggled to turn a profit last year -- some even lost money -- mainly due to heightened competition and weak oil prices. The Nikkei Asian Review's analysis of 89 ASEAN 100 companies reveale

    May 14, 2015 12:00 am JST
  • Philippines seen leading 2015 earnings boost

    BANGKOK -- Analysts are foreseeing better earnings as an overall trend in 2015 among Southeast Asian companies, many of which saw their earnings slide the previous year in dollar terms. Forecasters are particularly bullish about the Philippines, cit

    May 14, 2015 12:00 am JST
  • Homegrown execs are earning top dollar

    TOKYO -- In Southeast Asia, the image of the wealthy expat earning paychecks far fatter than those of local employees is deeply ingrained. It is also increasingly inaccurate. Today, many multinational companies are reserving their biggest salaries f

    May 14, 2015 12:00 am JST
  • Singapore banks shine amid uncertainty

    SINGAPORE -- Plunging prices for commodities and the ongoing slowdown of the Chinese economy were common headaches among financial institutions in Southeast Asia last year. Despite concerns about the rise of bad loans and slower loan growth, all but

    May 14, 2015 12:00 am JST