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  • Southeast Asian rice exporters duke it out for global market

    YANGON/TOKYO -- As the world's appetite for rice grows, competition is intensifying among Southeast Asian producers already accounting for a big share of global exports. Myanmar and Cambodia, once major exporting countries, are beginning to send

    July 25, 2014 04:14 am JST
  • Starbucks opens first branch in Hanoi

    HANOI -- Starbucks opened its first store in Hanoi on Wednesday. With plans to open two more here this month, the U.S. chain is stepping up its presence in the Vietnamese market. The first Starbucks in the country's capital is located in a hotel

    July 24, 2014 05:25 am JST
  • Southeast Asia mines riches from mountain of industrial waste

    TOKYO -- Southeast Asian manufacturing hubs are working to recover and recycle scarce metals from growing piles of industrial waste. In resources-scarce Singapore, there is actually a gold-mining operation in the Jurong Industrial Estate, in the

    July 24, 2014 12:00 am JST
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • Asean deregulating foreign investment in banks

    MANILA -- Members of the Association of Southeast Asian Nations are increasingly easing rules on foreign investment in local lenders in preparation for wider financial deregulation to be ushered in under the slated 2015 creation of the Asean Economi

    July 23, 2014 02:00 pm JST
  • Vietnam blows hot and cold over intellectual property

    HANOI -- Here is a situation dripping with irony: Vietnam, where the government is often accused of turning a blind eye to all sorts of intellectual property infringement, is having a great deal of success abroad when it comes to protecting its own

    July 22, 2014 01:00 pm JST
  • Rising nationalism threatens Asia's economic interdependence

    BANGKOK -- Asia's rapid ascent has led many to dub this the "Asian century," but an intensifying cycle of nationalism is one of a number of issues the region must overcome to become a driver of the global economy.China at the centerChinese oil drill

    July 22, 2014 07:00 am JST
  • Takasago finds tasty market in Southeast Asia

    TOKYO -- Japan's largest flavor and fragrance company, Takasago International, is building a new production and research center in Singapore as it looks to capitalize on growing markets in Southeast Asia. Although overseas sales already account

    July 21, 2014 01:00 pm JST
  • Surging Indonesian labor costs nudge Nitori to make more furniture in Vietnam

    TOKYO -- Major Japanese furniture retailer Nitori Holdings is rejigging its production in Southeast Asia to reduce its reliance on ever-costlier Indonesian labor. Sources told The Nikkei on Saturday that Nitori will expand production in Vietnam

    July 20, 2014 12:00 am JST
  • Vietnam-China tensions a boom for Japan

    HANOI -- China's aggressive maritime advance into the South China Sea has emerged as one of the biggest risks to Asian security. Tensions are running particularly high in waters near the Paracel Islands, called Hoang Sa in Vietnam, because of a

    July 19, 2014 01:00 pm JST
  • Budget carrier Peach aiming to take off from Naha

    OSAKA -- Peach Aviation is building up Okinawa's Naha Airport as a second hub, looking to use it as a foothold to return to a growth track after setbacks from a pilot pinch. The Japanese low-cost carrier will begin service Saturday between Naha

    July 19, 2014 01:14 am JST
  • Temasek philanthropy fosters public-private projects in Vietnam

    SINGAPORE -- Temasek Foundation, the non-profit arm of Singapore's sovereign wealth fund, Temasek Holdings, is collaborating with the Singapore Cooperation Enterprise, a government unit under the Ministry of Trade and Investment, to help the Vietnam

    July 18, 2014 08:45 pm JST
  • Aeon to expand energy management services across Asia

    TOKYO -- Japan's Aeon has big plans to help businesses in China and Southeast Asia slash their power bills -- and generate hefty profits for itself along the way. Subsidiary Aeon Delight, a specialist in facilities management, including security

    July 18, 2014 05:42 am JST
  • Asian currency swap pool doubles to $240B

    TOKYO -- An agreement doubling the size of an Asian currency swap framework went into effect Thursday, strengthening a regional financial safety net, Japan's finance ministry said. The Chiang Mai Initiative Multilateralization grows to $240 bill

    July 18, 2014 12:56 am JST
  • Malaysia's Public Bank to buy out Vietnamese joint venture

    KUALA LUMPUR -- Public Bank, one of Malaysia's leading lenders, is acquiring the remaining 50% stake in Vietnam's VID Public Bank for $76.6 million. The bank said on Wednesday that it has signed a transfer agreement with the Bank of Investment a

    July 17, 2014 04:45 pm JST
  • Southeast Asia emerging as a new battlefield among credit card companies

    HANOI/YANGON -- Credit card companies are cultivating markets in Southeast Asia, where rising affluence is spurring the spread of electronic payment systems -- and allowing consumers to spend more than what they have in the bank. MasterCard in J

    July 17, 2014 01:00 pm JST
  • China moves oil rig from disputed waters in South China Sea

    BEIJING/HANOI -- The Chinese government said Wednesday that it had wrapped up exploration work in disputed waters near the Parcel Islands in the South China Sea, easing tensions with Vietnam. A Chinese oil rig deployed in May in an area Vietnam

    July 17, 2014 05:37 am JST
  • Japanese banks to provide financing for Vietnamese power plants

    TOKYO -- The Japan Bank of International Cooperation and Bank of Tokyo-Mitsubishi UFJ will sign a $338 million syndicated loan Thursday for Vietnam Electricity, which is constructing a pair of coal-fired thermal power plants in the country. JBIC

    July 17, 2014 05:21 am JST
  • Bruce Stokes: Japan, China neck and neck in Asian popularity contest

    The rivalry between China and Japan is heating up. Recent confrontations in the East China Sea have only complicated the countries' long-standing economic competition, in which growing portions of the region's population see China, not Japan, as the

    July 17, 2014 12:00 am JST
  • Hitachi Zosen to build waste-processing facility in Vietnam

    TOKYO -- Hitachi Zosen will enter the waste-processing business overseas, starting by building and operating a facility in Vietnam to turn food refuse into methane and fertilizer. The Japanese heavy machinery maker and engineering company has bu

    July 15, 2014 11:42 pm JST