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  • Vietnam refinery

    Idemitsu building a bridge to ASEAN

    TOKYO -- Idemitsu Kosan is building an oil refinery in Vietnam as a way of getting access to the whole of Southeast Asia. The region, with a population of 620 million, sees gross domestic product growth of more than 5% a year. Chinese, Saudi Ara

    August 2, 2015 01:00 pm JST
  • Bouyed by free-trade optimism

    Leaping Vietnamese markets spark bubble worries

    HANOI -- Vietnam's stock and real estate markets are riding high on an optimistic economic outlook as Trans-Pacific Partnership trade negotiations get closer to the finish line and the country mends fences with the U.S. Some fear, however, that hot

    August 2, 2015 07:00 am JST
  • Moving toward a 2-horse race

    Idemitsu, Showa Shell eye 100bn yen boost from merger

    TOKYO -- Japanese oil wholesalers Idemitsu Kosan and Showa Shell Sekiyu are discussing a merger that would let them pool complementary resources and give them the wherewithal to move beyond a shrinking domestic market. Industry leader JX Holding

    August 2, 2015 07:00 am JST
  • Decision likely next year

    Japan recommends new reactor for Vietnam

    TOKYO -- The Japanese government is recommending that Vietnam buy a new type of pressurized water reactor developed by Atmea, a Japanese-French joint venture, sources told The Nikkei. Industry observers were paying close attention to which react

    August 2, 2015 02:00 am JST
  • TPP negotiation

    Full text of statement by ministers from TPP countries

    LAHAINA, Hawaii (Kyodo) -- The following is the full text of a joint statement released Friday by ministers from the 12 countries negotiating the Trans-Pacific Partnership free trade initiative after their four-day talks in Hawaii. We, the trade

    August 1, 2015 06:12 pm JST
  • TPP negotiations

    Trade ministers fail to bridge gaps

    LAHAINA, Hawaii -- Trade ministers representing the Trans-Pacific Partnership failed to reach an agreement on Friday despite days of intense negotiations and set no timetable for the next round, highlighting the difficulty in achieving the ambiti

    August 1, 2015 05:45 pm JST
  • Weakest since 2011

    Southeast Asia's new-auto sales down 8% in first half

    BANGKOK -- Sales of new automobiles in Southeast Asia sank for a fourth straight half in the January-June period to their lowest level since the second half of 2011, when Thailand was hit by devastating floods. New vehicles sold in six major Sou

    July 31, 2015 09:57 pm JST
  • Vietnamese steelworks

    JFE Steel takes chance on new project

    TOKYO -- JFE Steel announced Thursday that it will join a project to build a massive integrated steelmaking facility in central Vietnam. Operating blast furnaces in Southeast Asia is high on the wish lists of major Japanese steelmakers. JFE Stee

    July 31, 2015 07:00 pm JST
  • Final day

    Malaysia, Vietnam just saying no to parts of TPP

    LAHAINA, Hawaii -- Malaysia and Vietnam, the Trans-Pacific Partnership's two emerging economies, have offered compromises regarding service sector liberalization but remain steadfast in other "sensitive" areas. With hours to go before ministeria

    July 31, 2015 03:15 pm JST
  • TPP talks

    Malaysia, Vietnam to ease investment rules

    LAHAINA, Hawaii -- Emerging countries will relax regulations on foreign investment in a wide range of areas under a draft agreement by the 12 nations hashing out the Trans-Pacific Partnership free trade pact. Malaysia would let foreign companies

    July 31, 2015 02:00 am JST
  • Averting competition with FamilyMart

    Circle K Sunkus sheds foreign stores amid merger talks

    TOKYO -- Minimart operator Circle K Sunkus has left the overseas market by dissolving the partnership with its U.S. counterpart. Circle K Sunkus created a 50-50 joint venture with Arizona-based Circle K Stores in 2013 called Circle K Asia, a bra

    July 31, 2015 02:00 am JST
  • New oil strategy

    Idemitsu broadens business in Vietnam

    NGHI SON, Vietnam -- Idemitsu Kosan is part of a joint venture constructing a massive oil refinery in Vietnam. For the Japanese partner, building a facility to deal with all aspects of oil distribution, from refining to selling, is a new endeavor.

    July 30, 2015 01:00 pm JST
  • Convenience store expansion

    7-Eleven coming to Vietnam in 2017

    TOKYO -- Seven & i Holdings plans to open its first 7-Eleven outlet in Vietnam in 2017, bringing its expertise in running Japan's most successful convenience store chain to the Southeast Asian country. U.S. subsidiary 7-Eleven recently signed a

    July 30, 2015 02:00 am JST
  • Vietnam conglomerate to build Myanmar's Internet

    HO CHI MINH CITY -- Myanmar's Ministry of Communications and Information Technology has granted FPT group, an information technology conglomerate from Vietnam, a license to develop national Internet infrastructure over a 15-year period. "It's a

    July 30, 2015 12:00 am JST
  • TPP puts Vietnam's top garment producer on the defensive

    HO CHI MINH CITY -- Vinatex, Vietnam's largest state-owned textile company, is rushing to secure new revenue streams and improve its internal supply chain ahead of a final agreement on the Trans-Pacific Partnership. Despite widespread excitement abo

    July 30, 2015 12:00 am JST
  • Kazumi Nishikawa: Why Asian business must lead regional integration

    Economic integration in Asia, particularly within the countries of the Association of Southeast Asian Nations, is progressing well, thanks to increased supply-chain links, as well as government-led initiatives such as the ASEAN Economic Community. H

    July 30, 2015 12:00 am JST
  • Cutting through disputes

    TPP nations near deal on 70-year copyright protection

    LAHAINA, Hawaii -- Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership pact are expected to agree on protecting copyrighted content for 70 years after the death of the creator, with plans to allow some exemptions based on t

    July 29, 2015 11:15 pm JST
  • Roadblock in Malaysia?

    Ministers meet for a final TPP push

    Lahaina, HAWAII -- Ministerial-level talks began here Tuesday that could end with 12 nations concluding an agreement that would make it easier for corporations and investors to ship products, conduct business and buy assets across borders. Even if t

    July 29, 2015 05:50 pm JST
  • Pacific trade talks in final stretch as ministers meet in Hawaii

    LAHAINA, Hawaii (Kyodo) -- Talks on a multilateral Pacific free trade agreement are entering the final stretch with trade ministers from 12 countries set to gather Tuesday for make-or-break bargaining toward creating the world's largest free trade z

    July 29, 2015 01:23 pm JST
  • Thitinan Pongsudhirak

    Greek drama presents moral lesson for developing Asia

    The Greek crisis highlights the emerging reality that established international institutions and power structures dating back to the second half of the 20th century are no longer capable of dealing with global demands and expectations. For Asia, thi

    July 29, 2015 01:00 pm JST