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  • China seeks Southeast Asia clout with Belt and Road projects

    BEIJING -- The Chinese government will use the upcoming international forum on its Belt and Road Initiative to show what it can offer Southeast Asia, hoping to strengthen its hand in the region.Heads of state and other dignitaries from 28 countries

    May 11, 2017 11:00 pm JST
  • Ayala 1Q profit up 20% on real estate, banking

    MANILA -- Ayala Corp., the oldest conglomerate in the Philippines, said on Thursday that net profit in the first quarter was up 20% year on the year to 6.9 billion pesos ($138.5 million).Earnings from banking and property development drove the Janua

    May 11, 2017 10:34 pm JST
  • ADB finds the 'Asian century' tantalizingly close

    YOKOHAMA, Japan In just five decades, Asia has changed beyond recognition, the Asian Development Bank was keen to inform participants at its 50th annual meeting, held in Yokohama from May 4.A promotional video played repeatedly during the four-day e

    May 11, 2017 10:00 am JST
  • Editorial: Financing Asia's infrastructure is a team sport

    Half a century has passed since the Asian Development Bank was established under the primary leadership of Japan and the U.S. The Manila-based multilateral development bank held its 50th annual meeting on May 4-7 in Yokohama.Hopes are high that the

    May 11, 2017 10:00 am JST
  • President Duterte's defeated running mate named foreign minister

    MANILA -- President Rodrigo Duterte has appointed Senator Alan Peter Cayetano, his unsuccessful running mate in the 2016 presidential elections, as the new secretary for foreign affairs.Duterte signed Cayetano's appointment on Wednesday, shortly bef

    May 10, 2017 11:00 pm JST
  • SM Investments profit growth falls to 8%

    MANILA -- SM Investments, the Philippines' most valuable company, said on Wednesday that net profit in the first quarter went up only 8% to 7.7 billion pesos ($154 million) year on year -- its first single-digit result in five years.The company said

    May 10, 2017 10:24 pm JST
  • Thitinan Pongsudhirak

    Trump promotes a 'pivot in Asia'

    It was bound to happen. With one brief trans-Pacific phone call to Thai Prime Minister Prayuth Chan-ocha, U.S. President Donald Trump replaced the playbook that has governed U.S.-Thairelations over the past decade with one that is likely to reorient

    May 10, 2017 09:55 pm JST
  • San Miguel profit eroded by strong dollar

    MANILA -- San Miguel, the Philippines' largest company by sales, said Wednesday its net income grew by only 2% in the first quarter, dampened by the strong dollar.Excluding foreign exchange losses, net income jumped by 62% to 14.8 billion pesos ($29

    May 10, 2017 09:50 pm JST
  • Espenilla to promote financial inclusivity, probity

    MANILA -- Nestor Espenilla, the incoming Philippine central bank governor, promised on Tuesday to make the financial system more relevant to the broader economy and to combat fraud during his six-year term.Following his appointment on Monday, Espeni

    May 10, 2017 01:30 am JST
  • Trump has blown US credibility in Southeast Asia: Poll

    TOKYO -- U.S. President Donald Trump's policy, or lack thereof, on Southeast Asia has gutted American credibility, a survey by an influential think tank has found.More than half of respondents in Southeast Asia say the U.S. has become less dependabl

    May 9, 2017 04:00 pm JST
  • Asia remains 'core market' for Barclays -- Asia Pacific co-head

    YOKOHAMA, Japan -- Despite cutting a large number of jobs and shutting down several offices across the region, Asia remains a core market for Barclays, its Asia Pacific co-head Jaideep Khanna told the Nikkei Asian Review.2016 was a year of restructu

    May 9, 2017 11:00 am JST
  • ADB facing pressure to change

    TOKYO -- As the Asian Development Bank finds its regional hegemony threatened by the China-backed Asian Infrastructure Investment Bank, members of the ADB are pushing for internal reform.During the 50th annual meeting that ended Sunday in Yokohama,

    May 9, 2017 06:44 am JST
  • Southeast Asian new-car sales jump 14% in March

    BANGKOK -- New-car sales in Southeast Asia's six major countries climbed by a combined 14% in March from a year earlier to 316,736 vehicles, the fifth straight monthly gain and returning sales for the month to a level not seen in four years.Sales ro

    May 9, 2017 05:00 am JST
  • Philippine real estate giants post strong earnings

    MANILA -- The Philippines' largest real estate companies -- Ayala Land and SM Prime Holdings -- both reported solid first-quarter earnings growth, buoyed by residential sales and shopping center rentals.Ayala Land's net income jumped 18% to 5.56 bil

    May 9, 2017 01:50 am JST
  • Southeast Asian economic growth regaining speed

    SINGAPORE -- Southeast Asian economies should collectively grow by around 5% this year and next, propelled by such fast-growing contributors as the Philippines and Vietnam, a regional observer group says in a report released Thursday.Real gross dome

    May 8, 2017 02:42 pm JST
  • FT Confidential Research

    Job insecurity rises in ASEAN despite economic recovery

    We found 22.8 per cent of Asean respondents feared losing their jobs in the next six months, a 2.3 point increase since our last survey of employment sentiment in 2015.Asean jobseekers also said it was harder to find a job this year than in 2015.Mal

    May 8, 2017 12:00 pm JST
  • Philippines, US kick off annual joint military exercise

    MANILA (Kyodo) -- The Philippines and the United States on Monday began a scaled-back version of their annual large-scale military exercise amid moves in the Southeast Asian nation's leadership for more independence from its decades-long ally.Exerci

    May 8, 2017 11:04 am JST
  • ADB meeting finds the 'Asian century' so close, yet so far

    YOKOHAMA -- Asia has changed beyond recognition. The Asian Development Bank proclaimed confidently in a promotion video that was played repeatedly at its 50th annual meeting held in Yokohama from Thursday to Sunday.The statistics bear out this claim

    May 8, 2017 08:00 am JST
  • Tiny Chinese fleet paves way for future carrier operations

    TOKYO -- Three Chinese naval vessels arrived in Ho Chi Minh City on Saturday as part of a 20-nation, 180-day tour, the Chinese navy's longest overseas tour to date.Political Commissar of the Navy Miao Hua, who saw the fleet off in Shanghai on April

    May 6, 2017 05:30 pm JST
  • Japanese space startups look for growth in Southeast Asia

    TOKYO -- Japanese startups in the space business are rapidly expanding their operations into Southeast Asia, attracted by the wealth of opportunities in the region.The Southeast Asian market for space services offers more diverse business opportunit

    May 6, 2017 02:00 pm JST