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  • Hong Kong airport

    Third runway plans court controversy

    HONG KONG -- A project to build a third runway at Hong Kong International Airport has been given the green light amid questions about funding. Hong Kong's leadership on March 17 OK'd the project, which is slated to begin in 2016 and end in

    March 27, 2015 01:00 pm JST
  • Tides of change

    HONG KONG -- It was the middle of March in Hong Kong and art collectors, museum representatives and red-carpet regulars such as Hollywood star Susan Sarandon descended upon the city to attend the annual Asian edition of Art Basel, the region's large

    March 26, 2015 12:00 am JST
  • British telecom

    Hutchison Whampoa to buy No. 2 UK mobile provider

    HONG KONG -- Hutchison Whampoa said Wednesday it has formally agreed to buy O2 UK, Britain's second-largest mobile communications provider, from Spanish telecom company Telefonica. Hong Kong-based Hutchison Whampoa, the core unit of magnate Li K

    March 25, 2015 07:00 pm JST
  • Blow from commodities

    Citic profit down 18% in 2014

    HONG KONG -- Citic's net profit declined 18% to 39.8 billion Hong Kong dollars ($5.23 billion) in 2014, largely on impairment losses at an iron ore mining project in Australia. The Hong Kong-listed unit of China's biggest conglomerate wrote off

    March 24, 2015 11:58 pm JST
  • Preserving freshness

    New services ship perishable foods from Japan to Asia

    TOKYO -- Logistics giants in Japan are adding new shipping services to other parts of Asia amid growing popularity of Japanese food. Nippon Express will launch a refrigerated service Friday from Tokyo to Port Klang, near the Malaysian capital of

    March 24, 2015 04:57 am JST
  • Crackdown on corruption

    The real reason Hong Kong scrapped the investment visa

    Chinese Premier Li Keqiang has vowed to further step up the country's crackdown on crooked government officials and "remove the breeding ground for corruption." He made the pledge at a press conference on March 15 following the closing of the an

    March 22, 2015 01:00 pm JST
  • World student Go champs

    China wins Oza title once again

    TOKYO -- A Chinese university student has taken out the supreme title at the world Go tournament for students for the second year running. Su Guangyue won the Oza title in the ancient board game at the Feb. 24-25 competition in Tokyo. It was Ch

    March 22, 2015 01:00 pm JST
  • Hong Kong stock

    Kerry Properties rebounds on Shenzhen plans

    HONG KONG -- Real estate developer Kerry Properties bounced back Thursday, its stock rising 6% at one point following an announcement the day before about its investment plans this year. The stock had fallen six straight sessions through Wednesd

    March 20, 2015 01:13 am JST
  • Samsonite International

    Luggage maker logs record sales

    HONG KONG -- Samsonite International, the world's No. 1 luggage maker, said its net profit rose 6% to $186 million from the previous year in 2014. The Hong Kong-listed company saw its sales jump 15% from a year earlier to a record $2.35 billion

    March 19, 2015 01:00 pm JST
  • MTR ridership up 4.5%

    Hong Kong subway operator sitting pretty after protests

    HONG KONG -- Subway operator MTR saw passenger traffic increase 4.5% in 2014. The Hong Kong company can thank, in part, the pro-democracy protesters who staged mass sit-ins last fall. The Occupy Central movement, which sought true universal suff

    March 19, 2015 01:00 pm JST
  • Hong Kong equities

    Tougher mortgage rules dampen real estate stocks

    HONG KONG -- Hong Kong stocks rebounded Wednesday, with financial services issues gaining ground on hopes for additional monetary easing in China. But real estate shares showed little upside. The Hang Seng index added 218.59 points to finish the

    March 19, 2015 12:10 am JST
  • Apple Watch scant help for Taiwan's Quanta, TPK

    TAIPEI -- Taiwan's Quanta Computer is assembling the Apple Watch, while touch module maker TPK Holding is supplying components for the U.S. tech giant's latest gadget. Up to 20 million of the smartwatches are expected to ship in 2015, but production

    March 19, 2015 12:00 am JST
  • Hub airport competition heats up

    SINGAPORE/HONG KONG -- Asia's busiest international air hubs are each moving forward with major expansion projects as competition between them intensifies. Singapore Transport Minister Lui Tuck Yew announced to parliament March 11 that the city-

    March 19, 2015 12:00 am JST
  • Indonesian conglomerate expands across Asia with focus on property, medical, retail, IT operations

    JAKARTA -- Lippo Group, which began with financial services as its mainstay business, started shifting its operational focus to real estate after the Asian currency crisis erupted in 1997. Today, the group has operations all over Asia, and is also l

    March 19, 2015 12:00 am JST
  • Trending at the fairs

    Japanese, Korean postwar art seeks wider audience

    HONG KONG -- It was the middle of March in Hong Kong and art collectors, museum representatives and red-carpet regulars such as Hollywood royalty Susan Sarandon descended upon the city to attend the annual Asian edition of Art Basel, the region's la

    March 18, 2015 07:00 pm JST
  • Smartphones and servers

    Data transmissions surge in Asia

    TOKYO -- Asia is becoming a data hog. Not only are more people taking advantage of their smartphones and faster networks to stream video and audio content, but the content providers are opening streaming centers across the region. Japan's NTT Co

    March 18, 2015 01:00 pm JST
  • Construction to cost $18.2 billion

    Hong Kong to increase airport charges to fund runway

    HONG KONG -- Hong Kong officials have rejected calls to freeze user charges at the city's airport as preparations begin to build a controversial third runway. Transport Secretary Anthony Cheung Bing-leung estimated Tuesday that the project, whic

    March 17, 2015 10:10 pm JST
  • Hong Kong equities

    Banks buoyed by China's readiness to tackle local government debt

    HONG KONG -- Hong Kong shares continued their ascent Friday, with the benchmark Hang Seng Index closing 25.25 points higher at 23,823.21. The stocks of Bank of China and other state-owned banks rose on expectation that China will make a dent in

    March 14, 2015 01:29 am JST
  • Asia expatriates

    Singapore's quality of living rated top by Mercer

    SINGAPORE -- Singapore has been rated the top city in Asia for quality of life in a report by the international human resources consulting firm Mercer released this month. The next five cities were all Japanese: Tokyo, Kobe, Yokohama, Osaka and

    March 14, 2015 12:05 am JST
  • Universal Robina

    Philippines ready for blue chip snacks

    MANILA -- Universal Robina (URC) and Japan's Calbee have launched a range of upmarket snacks a year after forming a 50-50 joint venture to produce Calbee products in the Philippines. The seven potato snacks, which include wasabi-flavored chips t

    March 13, 2015 11:35 pm JST