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  • The cost of growth

    Southeast Asian wages fast approaching China levels

    HANOI (Nikkei) -- Southeast Asian labor costs are surging in line with the region's relatively strong economic growth, with minimum monthly wages in Indonesia, Vietnam and Cambodia set to increase by 20-30% in 2015 from a year earlier. Minimum m

    December 21, 2014 02:00 am JST
  • China's influence campaign

    Beijing pushes 'go south' policy at Greater Mekong summit

    BANGKOK (Nikkei) -- China is steadily pushing ahead with what is seen by many as its "go south" policy aimed at forging closer relations with Southeast Asia. This push includes the planned establishment of an Asian Infrastructure Investment Bank

    December 20, 2014 11:30 pm JST
  • Sapporo, Honda cashing in

    Rich Vietnamese get taste for Japan's bubble-era baubles

    HANOI -- Vietnam's growing ranks of middle class and wealthy consumers are falling for pricey, flashy products made by Japanese companies during Japan's bubble economy of the late 1980s and early '90s. According to U.K. research company Euromoni

    December 20, 2014 01:00 pm JST
  • Turning to Southeast Asia

    JX Nippon Oil plans first overseas refinery in Vietnam

    TOKYO -- JX Nippon Oil & Energy is preparing to build its first overseas oil refinery in Vietnam, and it may get into the gas station business there as well. The Japanese petroleum distributor plans to partner with state-run Vietnam National Pet

    December 19, 2014 06:43 am JST
  • Frederic Neumann: Asia does not have a dollar problem

    After a few false starts in recent years, the greenback is embarking on a relentless climb. Major swings in exchange rates force investors to reassess their positions, not just tactically but strategically. Global finance is thus in for a turbul

    December 18, 2014 12:00 am JST
  • Discount carriers take off in Southeast Asia

    Budget carriers are gaining profile in the global air travel industry, with market share in North America, West Europe and two other major regions now over 30%. In Southeast Asia, that figure jumped from just 3% in 2001 to over 50% in 2012. The rapi

    December 18, 2014 12:00 am JST
  • Vietnam e-commerce still not red hot after online 'Black Friday'

    HANOI -- Vietnam is considered a hugely promising e-commerce market. Standing in the way of that promise, however, is a problem: Much of the public is not keen on shopping over the Web. A Google-backed study released in November estimated that 44% o

    December 18, 2014 12:00 am JST
  • FPT taps Japanese investors to build mobile shopping business

    HANOI -- Vietnamese information technology leader FPT is turning to SBI Holdings and two other Japanese-affiliated companies for support in building a smartphone shopping website in exchange for a stake in a unit. Online merchants hope to attrac

    December 18, 2014 12:00 am JST
  • Nikkei/FT symposium

    Experts say Japan should help Southeast Asia strengthen regional ties

    TOKYO -- A Japan Bank for International Cooperation official said Japan needs to provide investments and loans to ASEAN to build electric power facilities, railroads and ports. Senior managing director of the JBIC, Tadashi Maeda, said, "Infr

    December 17, 2014 06:50 pm JST
  • Software alliance in Asia

    Japanese IT companies partner to tap emerging nations

    TOKYO -- Three Japanese companies with a total of more than 800 software engineers in Vietnam, Bangladesh and Myanmar will partner up to bid for contracts to develop large-scale computer systems for Japan. Evolable Asia, BJIT and CyberMissions

    December 16, 2014 01:00 pm JST
  • Nomura on Abenomics

    Report gauges impact overseas of Japanese reforms

    SINGAPORE -- Malaysia and other key ASEAN countries are likely to be the most affected by the success or failure of Abenomics, the economic reform policies promoted by Japan's Prime Minister Shinzo Abe, according to a report by Japan's Nomura Securi

    December 16, 2014 12:06 am JST
  • India's Act East

    Modi targets $100 billion in trade with ASEAN for 2015

    NEW DELHI -- India's trade with the 10-member Association of Southeast Asian Nations (ASEAN) currently stands at around $80 billion and could jump by a quarter in 2015. "We hope by 2015 it will touch $100 billion and [double] by 2022," said Comm

    December 15, 2014 10:43 pm JST
  • UN talks agree building blocks for new-style climate deal in 2015

    LIMA (Reuters) -- About 190 nations agreed on Sunday the building blocks of a new-style global deal due in 2015 to combat climate change amid warnings that far tougher action will be needed to limit increases in global temperatures. Under the de

    December 14, 2014 06:18 pm JST
  • Venturing abroad

    Tokyo Gas to supply LNG in Southeast Asia

    TOKYO -- Tokyo Gas will build liquefied natural gas terminals in Southeast Asia and supply the fuel to factories in nearby industrial areas. The Japanese company aims to tap into economic growth in Southeast Asia at a time when demand for gas is

    December 13, 2014 05:45 am JST
  • Online retailing

    Vietnam set to tax stores on social networks

    HO CHI MINH CITY -- Online retailers in Vietnam will have to pay sales tax from next year. The Ministry of Industry and Trade announced Thursday that it will require websites selling goods to register with the government and pay tax on the goods

    December 12, 2014 07:00 pm JST
  • Daniel Twining

    Asia should focus on its own 'pivot to Asia'

    Much has been made of the intensifying strategic competition between the U.S. and China, with Beijing working to edge America out of its Asian neighborhood even as Washington doubles down on its regional partnerships and presence. Less attention has

    December 12, 2014 10:00 am JST
  • Asia steel crossroads

    Increased controls, competition spell trouble for Japan producers

    TOKYO -- Anti-dumping measures, bolstered quality controls and the advances of Chinese manufacturers are creating a tough climate for Japanese steelmakers. Australia conducted anti-dumping investigations for H-beams and other imported steel prod

    December 12, 2014 02:32 am JST
  • Thitinan Pongsudhirak

    Mekong mainland future hinges on China, Japan

    It is now clear that the China-Japan dynamic is the most consequential factor in the steady rise of the so-called "Mekong mainland" of Southeast Asian countries along the mighty river. Both powers have helped shape the regional contours and economic

    December 11, 2014 07:00 pm JST
  • Auto chieftains bullish on ASEAN

    BANGKOK -- Three leaders of Southeast Asia's auto industry gave fairly high marks to the nascent ASEAN Economic Community at a Nikkei Asian Review forum in Bangkok on Nov.26. Asked to rate progress of the grouping on a scale of one to 10, paneli

    December 11, 2014 12:00 am JST
  • Localize, globalize, Bank of Ayudhya CEO says

    BANGKOK -- Localization of management and globalization of local employees are essential when expanding into foreign markets, said Noriaki Goto, CEO of Bank of Ayudhya, Thailand's fifth-largest bank by assets. The bank was bought by Japan's largest

    December 11, 2014 12:00 am JST