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  • East Asian free-trade talks stumble over tariff rates

    TOKYO -- Sixteen Asia-Pacific nations negotiating a free-trade pact were unable to settle on a common target for tariff elimination at a ministerial meeting Wednesday in Naypyitaw, making a conclusion by the end of next year unlikely. This marke

    August 28, 2014 03:50 am JST
  • NEC to supply optical cable for new line across Pacific

    TOKYO -- NEC will supply 15,000km of optical cable as its contribution to a seven-company international consortium laying a new undersea communications line directly linking Indonesia, the Philippines and the U.S. via Guam. Scheduled for complet

    August 28, 2014 03:31 am JST
  • Southeast Asian car sales fell 16% in July

    BANGKOK -- Sales of new cars in six leading Southeast Asian countries slid 16% on the year to 259,840 units in July, the 15th straight month of declines. Sales volumes dropped in Indonesia, Thailand and Malaysia, the first time this year all of

    August 28, 2014 03:25 am JST
  • Trading company Sun-wa targeting 3 years of record profit

    TOKYO -- Electronic parts trader Sun-wa Technos aims to generate 4.7 billion yen ($44.7 million) in group pretax profit next fiscal year, up 37% from fiscal 2013 for what would be its third straight year of record profit. The Tokyo-based company

    August 28, 2014 02:00 am JST
  • The clock is ticking for an aging Asia

    The rapid aging of the population is widely recognized as one of the most daunting challenges facing developed economies, such as Japan and Germany. Less attention has been paid to the fact that graying demographics are a ubiquitous global phenomeno

    August 28, 2014 12:00 am JST
  • Korn Chatikavanij: Prescriptions for Asean and Thailand: Better governance, stronger institutions

    Looking at the ongoing tragedy in Ukraine, it has become apparent that the conflict there is happening because of the weakened geopolitical positions of both the U.S. and Europe. This phenomenon is creating power vacuums in pockets around the world.

    August 28, 2014 12:00 am JST
  • George Magnus: Strategies for winning the demographic battle

    Asia's aging population will inevitably affect its economic growth. But demographics are not destiny; all nations have the capacity to develop ways of navigating the transition toward grayer societies. The main mechanisms for coping with a stagn

    August 28, 2014 12:00 am JST
  • Southeast Asia embracing Islamic finance

    SINGAPORE -- Islamic finance has been growing rapidly across the world. The market for this type of funding is projected to more than double to $2 trillion in 2014 compared with five years ago, according to a British association specializing in Isla

    August 28, 2014 12:00 am JST
  • M&A deals between Southeast Asian businesses increasing

    TOKYO -- Southeast Asian companies are ramping up acquisitions in preparation for the region's economic integration next year, seeking to ensure that they can thrive in a global market. The value of mergers and acquisitions between Southeast Asi

    August 28, 2014 12:00 am JST
  • Global acquisitions hold key to competitiveness

    TOKYO -- Southeast Asian companies' acquisitions within the region have been aimed at building stronger business foundations, reflecting their defensive stance. But it is crucial that they also maintain an offensive strategy through purchases elsewh

    August 28, 2014 12:00 am JST
  • The great wealth divide

    Asia's middle-class population may be swelling, but the rich-poor divide is still big. The reasons for this inequality are many, but one key culprit is the lack of inheritance and gift taxes in most of the region's emerging economies. The wealth gap

    August 28, 2014 12:00 am JST
  • SM Land gets backing for Manila Bay reclamation project

    MANILA -- A unit of SM Investments, the largest conglomerate in the Philippines, is seeking official permission for a 300-hectare reclamation project in Manila Bay that will cost unknown billions of pesos. In a newspaper notice published on Tues

    August 26, 2014 10:38 pm JST
  • Ayala looking for up to $342M from preferred share offering

    MANILA -- Ayala, a big Philippine conglomerate, plans to raise up to 15 billion pesos ($342 million) from the sale of preferred shares. In a stock exchange filing Tuesday, Ayala said its executive committee cleared the offering of up to 30 mill

    August 26, 2014 07:50 pm JST
  • Japan's sake brewers target Asia

    KOBE, Japan -- Sake exports hit a new record of more than 5.4 billion yen ($51.4 million) in the first half of this year. With the domestic market shrinking, sake brewers are rushing to develop products for foreigners and expand sales channels f

    August 26, 2014 01:00 pm JST
  • Forbes finds innovation strong in Southeast Asia

    SINGAPORE -- Two Southeast Asian companies have been ranked among the 10 most innovative in the world by Forbes magazine. In the tabulation by Forbes of the 'World's Most Innovative Companies', Unilever Indonesia, the Indonesian arm of the Anglo

    August 25, 2014 10:48 pm JST
  • Southeast Asia embracing Islamic finance

    SINGAPORE -- Islamic finance has been growing rapidly across the world. The market for this type of funding is projected to more than double to $2 trillion in 2014 compared with five years ago, according to a British association specializing in Isla

    August 25, 2014 02:00 pm JST
  • Many countries in Asia failing to gain from population bonuses

    SINGAPORE -- Asia is home to roughly 4 billion people, but many countries in the region are failing to use their large populations to better propel economic growth. July's presidential election in Indonesia was a widely reported event. But one o

    August 25, 2014 01:00 pm JST
  • Venerable Asian airlines struggle to shake cheap competition

    SINGAPORE/HONG KONG/MANILA -- The rapid ascent of budget carriers has created turbulence for major Asian airlines, whose market dominance is fading. Singapore Airlines, a leading Southeast Asian carrier, logged a net profit of 360 million Singap

    August 23, 2014 04:15 am JST
  • Japan hopes to sell Asean on defense tech

    TOKYO -- Japan will host a seminar next month for diplomatic and defense officials from the Association of Southeast Asian Nations, with an eye toward expanding defense-related exports to Asean members. The seminar will cover key national securi

    August 22, 2014 03:09 am JST
  • Southeast Asia telecom prepares for smartphone age

    SINGAPORE -- Commuters in Singapore stare at smartphone and tablet screens on their packed morning commutes. The age of the feature phone feels finished. This may not be the case in other Southeast Asian cities, but few doubt the smartphone era is c

    August 21, 2014 12:00 am JST