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  • 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
  • TPV squeaks back to black during second quarter

    TAIPEI -- TPV Technology, a leading global display manufacturer, says it narrowly returned to profit in the second quarter through improved control of operating expenses. The Hong Kong-based company went into the red last year as demand for TVs

    August 22, 2014 07:45 pm JST
  • Has he done enough to groom his chosen successor?

    HONG KONG -- Li Ka-shing is a very special man, says Joseph P.H. Fan, a professor at Chinese University of Hong Kong who studies family-run businesses. Li has used his long-term vision to prepare the ground for his successor, Fan believes, altho

    August 21, 2014 12:00 am JST
  • Truth, justice and the Li Ka-shing way

    HONG KONG -- Mention the name Li Ka-shing to people in Hong Kong and you are likely to hear tales of fabulous wealth, and, depending on who is telling the story, come away with a picture of a character worthy of Horatio Alger or Charles Dickens.

    August 21, 2014 12:00 am JST
  • 86-year-old 'superman' eager to keep guiding empire

    HONG KONG -- Cheung Kong (Holdings) and Hutchison Whampoa group seem stable. But what happens when "superman" Li Ka-shing steps down and passes the baton on to the next generation? Succession is the biggest risk for the Li empire, as it is for many

    August 21, 2014 12:00 am JST
  • Is Asia's richest man pulling out of China?

    HONG KONG -- On May 8, Cheung Kong (Holdings) announced that it wanted to buy Australia's Envestra for 2.37 billion Australian dollars ($2.2 billion) in cash. The offer, made by a consortium formed with two group companies, represented a 16.8% premi

    August 21, 2014 12:00 am JST
  • This billionaire is worried by the widening wealth gap

    HONG KONG -- Just Mayo is mayonnaise with a difference: It is made without eggs. The new product is selling well at ParknShop supermarkets in Hong Kong. Li Ka-shing saw the product's potential long ago. The mayonnaise uses a plant-based ingredie

    August 21, 2014 12:00 am JST
  • Global share issues hit record $481B in January-July

    TOKYO -- Global share issues hit a record high of over $480 billion between January and July. U.S. venture capital companies and Chinese businesses have been particularly aggressive in securing funds for growth, encouraged by high stock prices.

    August 19, 2014 02:00 pm JST
  • Travel websites in Japan reaching out to more foreign visitors

    TOKYO -- Online restaurant and travel guides in Japan are targeting tourists from specific overseas regions as they step up efforts to appeal to them. On Wednesday, Gurunavi will expand the reach of its website on Japanese food culture and touri

    August 19, 2014 04:18 am JST
  • Philippines' infrastructure 'MVP' not resting on laurels

    MANILA -- Manuel V. Pangilinan, chairman of Philippine Long Distance Telephone and chief executive officer of Hong Kong investment company First Pacific, has been dubbed 'MVP' -- a nickname he has earned in the Philippines, where he plays a leading

    August 16, 2014 02:53 am JST
  • Chicken exports take wing for CP Foods

    BANGKOK -- Charoen Pokphand Foods, the listed food arm of Thai conglomerate Charoen Pokphand Group, said net profit more than doubled in the first half of 2014 to 5.59 billion baht ($177 million) year on year as its livestock business continued to r

    August 15, 2014 12:00 am JST
  • Swiss bank sees record year as Hong Kong tycoons pass the baton

    HONG KONG -- For a Geneva-based private bank established well over 200 years ago, the timing seems just right to expand in Hong Kong. Vincent Duhamel, a capital partner and the head of Asia for Lombard Odier, revealed in an interview with the Nikkei

    August 14, 2014 12:00 am JST
  • Hong Kong dollar, stocks dance on Europe's woes

    HONG KONG -- Stock and currency markets here have been booming since mid-July. Hope for an economic recovery in China is one driver, helped by capital flight from Europe, where nations are again feuding with one another. The benchmark Hang Seng

    August 14, 2014 12:00 am JST
  • Scott Hetherington: Asia's hotel industry changing, for the better

    Over the course of my 15 years in Asia, I've seen a huge shift in the hospitality industry. When I arrived here in January 2000, the hotel market was similar to Europe's in its early days, more than a decade before. The markets in Europe had bee

    August 14, 2014 12:00 am JST
  • Music streamer KKBox gains edge catering to region's diversity

    SINGAPORE -- Music fans are increasingly spoiled for choice as more Internet streaming services expand into Asia. The region is set to see a land grab between global players such as Spotify, Deezer, Amazon's new music service and, possibly, Apple's

    August 14, 2014 12:00 am JST
  • Nature on the brink

    The Japanese eel, regularly eaten as a grilled delicacy in Japan, is now under threat of extinction in the wild. It joins the African elephant, giant panda and black rhinoceros as one of the more than 20,000 endangered species worldwide. In Asia

    August 14, 2014 12:00 am JST
  • Ex-MediaTek engineers charged with leaking designs to HK competitor

    TAIPEI -- Taiwan's fabless chipmaker MediaTek said Wednesday that leaks of sensitive chip designs by former employees to a competitor for use in the Chinese market will have no significant impact on the company's operations. The Taiwanese compan

    August 13, 2014 05:50 pm JST
  • Expensive Japanese rice finding its way around the world

    TOKYO -- Japanese rice exports are growing at a record pace this year. Give credit to the rising popularity of Japanese cuisine around the world, the weakened yen and a narrowing gap between the price of Japanese rice and overseas strains. Japan

    August 11, 2014 07:00 pm JST
  • Hong Kong dollar, stocks dance on Europe's woes

    HONG KONG -- Stock and currency markets here have been booming since mid-July. Hope for an economic recovery in China is one driver. A bigger factor is capital flight from Europe, where nations are again feuding with one another. The benchmark H

    August 7, 2014 05:30 pm JST
  • China Mobile's Axiata buy unlikely to happen: Malaysia brokerages

    KUALA LUMPUR -- China Mobile's plan to take a 20% stake in Axiata Group is unlikely to happen, according to Malaysian brokerages. They see no incentive for the Khazanah Nasional, the largest shareholder of the Malaysian telecommunications group, to

    August 7, 2014 03:57 pm JST