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  • Macau's regional challengers up their casino game

    MANILA Clad in a coat, tie and muddied loafers, Kazuo Okada paused briefly one recent afternoon during his daily rounds through his partially opened $2.4 billion casino being built in Manila."I check the inflow of customers from early evening and

    March 3, 2017 11:00 am JST
  • Kasikornbank offering local settlement for ASEAN currencies

    BANGKOK -- On the back of growing regional trade, Kasikornbank, Thailand's fourth-largest lender by assets, has expanded its local currency settlement services to cover all currencies of members of the Association of Southeast Asia Nations and its t

    March 2, 2017 11:53 pm JST
  • Japan's entry to shake up Asia's casino market

    TOKYO/SINGAPORE -- Top executives from U.S. and Asian casino operators were in an optimistic mood as they gathered in Tokyo in late February. Speaking at a gathering of investors, each expressed an eagerness to go into business in the world's third-

    March 2, 2017 11:30 am JST
  • Macau's regional challengers up their casino game

    MANILA Clad in a coat, tie and muddied loafers, Kazuo Okada paused briefly one recent afternoon during his daily rounds through his partially opened $2.4 billion casino being built in Manila."I check the inflow of customers from early evening and no

    March 2, 2017 10:00 am JST
  • New frontiers for a new breed of casino operator

    HONG KONG Casino gambling has always been a cross-border business in Asia.The many gaming parlors of Macau, the region's oldest casino hub, could hardly have survived for so many decades just serving the small territory's population, today barely a

    March 2, 2017 10:00 am JST
  • China's growing travel bug to support new casino projects

    China's large and growing traveling class is expected to provide strong demand for the Asian casino market in coming years.The number of overseas trips made annually by China's 1.36 billion people now equates to a market penetration rate of 9%. This

    March 2, 2017 10:00 am JST
  • Japan's entry to shake up Asia's casino market

    TOKYO/SINGAPORE Top executives from U.S. and Asian casino operators were in an optimistic mood as they gathered in Tokyo in late February. Speaking at a gathering of investors, each expressed an eagerness to go into business in the world's third-lar

    March 2, 2017 10:00 am JST
  • Metro Pacific doubles capital outlays to $1.6bn for 2017

    MANILA -- Philippine infrastructure conglomerate Metro Pacific Investments is doubling its capital expenditure to 79 billion pesos ($1.57 billion) this year, mainly to beef up its water, power and toll road ventures.Maynilad Water Services, a utilit

    March 1, 2017 07:50 pm JST
  • Philippines' Duterte signs Paris pact on climate change

    MANILA (Reuters) -- Philippines President Rodrigo Duterte has signed the Paris Agreement on Climate Change restricting greenhouse gas emissions, putting the deal one step closer to ratification in the country, a senator said on Wednesday.The agreeme

    March 1, 2017 04:17 pm JST
  • ASEAN PMI inches up to 50.3 in February

    TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, rose slightly to 50.3 in February from 50.0 in January.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. February's PMI re

    March 1, 2017 09:30 am JST
  • Philippines PMI rises to 53.6 in February

    TOKYO -- The Nikkei Philippines Manufacturing Purchasing Managers' Index, or PMI, rose to 53.6 in February from 52.7 in January, marking the end of a four-month slowdown in growth.A reading above 50 indicates economic expansion, while a reading belo

    March 1, 2017 09:30 am JST
  • 'America first' era seen dealing a blow to Asia: JCER

    TOKYO -- If the U.S. decides to introduce what is being called a border adjustment tax system, it could end up pushing down economic growth rates in five Asian nations that the Japan Center for Economic Research studied.The five countries are China,

    February 28, 2017 10:45 pm JST
  • ICTSI pulls out of Oregon amid labor woes

    MANILA -- International Container Terminal Services on Tuesday said it will pull out of the U.S. state of Oregon by the end of March, seven years after securing its first deal in the U.S., which was dogged by labor strikes.In a stock exchange filing

    February 28, 2017 08:10 pm JST
  • Sit down for your stand-up noodles

    TOKYO -- Standing noodle bars are a pretty common feature across the Japanese capital, particularly in and around train stations, where busy office workers can take a few minutes to gobble down a hot meal before getting back to work or heading to th

    February 28, 2017 05:30 pm JST
  • Asia needs $26tn for infrastructure through 2030: ADB report

    MANILA -- Asia will need $26 trillion of infrastructure investment in the 15 years from 2016 to 2030, said a report published on Tuesday by the Asian Development Bank.According to the report, titled Meeting Asia's Infrastructure Needs, the region ne

    February 28, 2017 01:23 pm JST
  • ADB says Asia needs to double infrastructure spending

    MANILA, Philippines (AP) - Developing countries in Asia and the Pacific will need to spend up to $1.7 trillion a year, or $26 trillion through 2030, to meet their infrastructure needs and to maintain the region's growth momentum, the Asian Developme

    February 28, 2017 12:35 pm JST
  • Mitsubishi, Nissan team up on logistics in Thailand

    MANILA -- Mitsubishi Motors has begun operating a joint logistics channel with Nissan Motor in Thailand and aims to take it global for groupwide cost savings, Mitsubishi Motors President Osamu Masuko said here Monday.Masuko was interviewed at a prod

    February 28, 2017 07:33 am JST
  • Mitsubishi Motors plots Southeast Asian expansion

    MANILA -- Mitsubishi Motors plans to broaden its dealership network by 20% and double its maintenance staff across the Philippines, Indonesia and Thailand by 2020, aiming to hone its edge in a region with bright growth prospects.Dealerships in the P

    February 27, 2017 04:35 am JST
  • Japan, China play for 'swing states' in regional trade game

    TOKYO -- Top negotiators from 16 Asia-Pacific countries representing roughly half the world's population and around a third of global trade will meet in Kobe next week to discuss a trade deal that some, like Japan, hope will bear fruit amid the grow

    February 25, 2017 04:00 am JST
  • China promised no building on disputed shoal: Philippines

    MANILA -- Chinese President Xi Jinping told Philippine counterpart Rodrigo Duterte that no structures would be built on Scarborough Shoal when the two leaders met last October, Philippine Foreign Minister Perfecto Yasay told reporters Thursday.Duter

    February 24, 2017 06:25 am JST