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  • Sime Darby abandons Papua New Guinea palm oil deal

    KUALA LUMPUR -- Malaysian conglomerate Sime Darby has walked away from talks to acquire a 49% stake in New Britain Palm Oil, Papua New Guinea's leading palm oil producer. Sime Darby told the stock exchange on Tuesday that it will not proceed wit

    October 1, 2014 06:00 pm JST
  • Australian IT consultancy expands into SE Asia

    SYDNEY -- UXC Red Rock Consulting, the largest Oracle technology consultant in Australasia, has acquired asset life-cycle management provider Convergence Team as part of its effort to expand into Southeast Asia. Convergence Team, which operates

    September 30, 2014 03:10 pm JST
  • Booming economy keeps New Zealanders in ruling party's fold

    SYDNEY -- Economic growth propelled New Zealand Prime Minister John Key and his National Party to its election landslide Sept. 20. The center-right National snagged 48.06% of the party votes and 61 of the 121 seats in Parliament, making it the f

    September 30, 2014 02:33 am JST
  • Indonesia's Telkom buys Australian call center provider for US$10M

    JAKARTA -- Indonesia's largest mobile phone operator, Telekomunikasi Indonesia, has acquired Australian call center operator Contact Centres Australia for 11 million Australian dollars ($10 million). Telkom, as the state-owned company is also kn

    September 29, 2014 05:39 pm JST
  • Daiwa House to develop residential community in Australia

    OSAKA -- Daiwa House Industry is joining forces with Sumitomo Forestry to develop family homes in a Sydney suburb in Australia, complete with a supermarket and other commercial facilities. The 23 billion yen ($210 million) project will build 300

    September 27, 2014 03:24 am JST
  • Foreign bus companies on the road to Singapore

    SINGAPORE -- Foreign bus operators are lining up for the chance to enter Singapore's public transportation market, with bidding on operating licenses expected to start soon. Hoping to spur competition, the government announced in May a new struc

    September 25, 2014 06:10 pm JST
  • John Edwards: What Australia can teach the economic doom-mongers

    Australia's economy is now in its 24th year of continuous expansion, but a growing number of analysts believe its prospects of reaching a quarter century of unbroken prosperity are in jeopardy. Weaker mining investment, tumbling iron ore prices, slo

    September 25, 2014 12:00 am JST
  • REITs expand reach in Asia

    SINGAPORE -- As Thailand's first real estate investment trust prepares for its listing on Oct. 1, more Asian markets are moving to open their doors to the high dividend securities, with new attention turning toward India and China. REITs have pr

    September 25, 2014 12:00 am JST
  • Iron ore miners wonder who will crumble first

    BANGKOK -- Iron ore prices are down almost 40% this year, and many miners hope it has hit bottom. But recent events show that their problems may only get worse. Some weaker players are already failing, and experts forecast years of over-supply cause

    September 22, 2014 02:20 pm JST
  • US complains about low growth in Japan, Europe

    CAIRNS, Australia -- The U.S. can live with a stronger dollar but wants Japan and the European Union to do more to rev up their economies. That was one takeaway from the weekend gathering here of finance ministers and central bank chiefs from th

    September 22, 2014 03:21 am JST
  • New Zealand's National Party wins general election

    SYDNEY (Kyodo) -- New Zealand Prime Minister John Key was reelected to a third term in office on Saturday, with his center-right National Party winning the country's general election by a wide margin. "Three more years," Key said in his victory

    September 20, 2014 10:14 pm JST
  • G-20 mulls fiscal steps to underpin growth amid slowdown jitters

    CAIRNS, Australia (Kyodo) -- Finance chiefs of the Group of 20 leading economies Saturday discussed whether they can launch fiscal measures to underpin the global economy amid increasing concerns over an economic slowdown. The finance ministers a

    September 20, 2014 08:47 pm JST
  • Asian shares: Nikkei rises, australian stocks fall on Fed guidance

    TOKYO (Dow Jones) -- Stocks rose in Tokyo Thursday but fell in Hong Kong and Australia after the U.S. Federal Reserve signaled a move to higher interest rates is ahead, sending the yen to its lowest level in six years against the dollar. The Nik

    September 18, 2014 03:00 pm JST
  • 15 arrested in anti-terror raids in Sydney, Brisbane

    SYDNEY (Kyodo) -- Australian police on Thursday detained 15 people in a sweeping counter-terrorism operation following a call from a senior Islamic State militant for "demonstration killings," according to local media reports. The predawn raids

    September 18, 2014 02:20 pm JST
  • For Australia, Japanese submarine debate smooths history but riles industry

    SYDNEY -- With the crack of a mallet opening a keg of sake aboard a Japanese warship in Sydney Harbour, Japan and Australia celebrated their tightening strategic cooperation in the face of a rising China. For the 129 young Japanese ensigns such

    September 18, 2014 12:00 am JST
  • RBA's lowest rate enough to send Aussie dollar higher

    TOKYO -- The Australian dollar has remained strong against the yen, due largely to the Japanese currency's plunge against the U.S. dollar. Speculation that Australia's interest rates will remain higher than those of other industrial economies is als

    September 17, 2014 07:00 pm JST
  • Chinese investment a divisive issue in upcoming New Zealand vote

    SYDNEY -- Tighter restrictions on foreign ownership of homes and land have become a key issue in the upcoming general election in New Zealand, where speculative money from China and other countries is pushing up housing prices. The opposition pa

    September 17, 2014 07:00 pm JST
  • For Australia, Japanese submarine debate smooths history but riles industry

    SYDNEY -- With the crack of a mallet opening a keg of sake aboard a Japanese warship in Sydney Harbour, Japan and Australia celebrated their tightening strategic cooperation in the face of a rising China. For the 129 young Japanese ensigns such

    September 15, 2014 03:00 pm JST
  • Executives debate women's workplace participation at Tokyo forum

    TOKYO -- For female talent to truly shine in the workplace, a change in workers' mindset and strong leadership from top management are important, said participants in a discussion held Friday in Tokyo as part of a three-day international symposium o

    September 13, 2014 05:58 am JST
  • Australian students get 'immersed' in Asian languages

    SYDNEY -- An increasing number of Australian schools are introducing "immersion education," in which students learn core academic subjects, such as mathematics and history, in a foreign language. Compared with other countries where immersion edu

    September 11, 2014 12:00 am JST