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  • Newer Asean members' revenues pinched by free trade zone

    HANOI -- Less-developed members of Asean are struggling to replace tax revenues being lost as they move to reduce tariffs in line with the Southeast Asian bloc's plans for regional economic integration. To promote free trade across the region, m

    April 16, 2014 02:10 am JST
  • Vietnam IT giant steps up push for Japanese-speaking engineers

    TOKYO -- Vietnam's FPT Software plans to send 2,000 engineers to Japan over a period of three years to learn Japanese. Each engineer will stay in Japan for about nine months, long enough to become proficient in basic conversation. After returnin

    April 16, 2014 12:56 am JST
  • Stephen Grenville: IMF ignores its own data on emerging economies

    Christine Lagarde, managing director of the International Monetary Fund, told the Group of 20 summit in St. Petersburg last September: "Just as some advanced economies have begun to gather momentum, many emerging markets are slowing." With this warn

    April 15, 2014 01:00 pm JST
  • Japan's Kirin to tap Chinese thirst for milk

    TOKYO -- Kirin Holdings will start offering milk in China as early as June to capitalize on the country's growing demand for high-quality dairy beverages. The Japanese company will sell ultra-high-temperature processed milk, or long-life milk, w

    April 15, 2014 05:14 am JST
  • There's more to Japan than Tokyo, foreign dignitaries find

    TOKYO -- More and more foreign dignitaries are venturing out of Tokyo when they visit Japan. Popular destinations include Kinkakuji Temple in Kyoto and the ancient capital of Kamakura, which U.S. President Barack Obama visited when he was here. But

    April 14, 2014 07:00 pm JST
  • Takashimaya plans 2 more department stores for Southeast Asia

    TOKYO -- Takashimaya, which operates a chain of department stores, is considering opening two more in Southeast Asia as early as 2017, President Shigeru Kimoto said in an interview with The Nikkei on Friday. The Japanese company already runs a s

    April 12, 2014 02:46 am JST
  • Siam Cement forms ceramics venture with Italy's Florim

    BANGKOK -- Siam Cement Group will in early 2015 start producing high-end ceramics in Italy through a new joint venture with local ceramics company Florim Ceramiche. Siam Cement's ceramics subsidiary, SCG Cement-Building Materials, holds a 33% st

    April 11, 2014 07:30 pm JST
  • Bank of Ayudhya, BTMU team up to challenge Thailand's 'Big Four'

    BANGKOK -- Bank of Ayudhya (BAY), Thailand's fifth-largest bank by assets, is set to catch up to the country's "Big Four" banks in both domestic and global operations under its new parent, Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU). While demand fo

    April 11, 2014 01:00 pm JST
  • Budget carrier's rise shaking up Vietnam's airline market

    HANOI -- In Vietnam's rapidly growing air travel market, a new budget airline is posing an increasingly serious challenge to flag carrier Vietnam Airlines' decades of dominance. VietJet Air, a two-year-old low-cost carrier, is aggressively expan

    April 10, 2014 07:00 pm JST
  • Bank of Ayudhya, BTMU team up to challenge Thailand's 'Big Four'

    BANGKOK -- Bank of Ayudhya (BAY), Thailand's fifth-largest bank by assets, is set to catch up to the country's "Big Four" banks in both domestic and global operations under its new parent, Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU). While demand fo

    April 10, 2014 12:00 am JST
  • Southeast Asia's auto industry taking two different roads

    HANOI/MANILA -- In central Vietnam, the steel skeleton of what was supposed to have been the country's first engine factory stands forlorn on an empty lot in the Chu Lai economic zone. Hyundai Motor of South Korea told local partner Truong Hai A

    April 10, 2014 12:00 am JST
  • Regional differences

    With booming personal incomes and a young population, Southeast Asia's already-flourishing consumer market is ripe with further potential. A turning point for the region came in the first decade of the 2000s, when countries such as Indonesia and

    April 10, 2014 12:00 am JST
  • Thailand's Betagro hatches Japanese egg-and-rice plan

    BANGKOK -- Thai agriculture business conglomerate Betagro is bringing Japanese omu-raisu -- eggs stuffed with fried rice -- to the Southeast Asian nation. It will work with the Japanese restaurant chain operator Pomme Food on the launch of a new omu

    April 9, 2014 04:31 pm JST
  • Tayca to build shampoo ingredient plant in Vietnam

    OSAKA -- Japanese chemical maker Tayca will produce surfactants in Vietnam for use in shampoos and liquid detergents. The Osaka-based company will construct a plant in the southern province of Dong Nai in April 2015. The facility will be able to

    April 8, 2014 02:32 am JST
  • Japanese travel agency H.I.S. plans major expansion in Indonesia

    TOKYO -- H.I.S. plans to boost its presence in Indonesia to 200 locations, up from just six at present, as the leading Japanese travel company aims to garner 20-30% of the local market for overseas travel. The travel agency will team with Telkom

    April 8, 2014 01:10 am JST
  • Apparel maker Teijin Frontier to lift Southeast Asian output

    TOKYO -- Clothing and textile company Teijin Frontier will step up apparel production in Southeast Asia, with plans to open a new facility in Myanmar by March 2015. Amid rising production costs in China, the company is shifting focus to Southeas

    April 8, 2014 12:17 am JST
  • Nippon Sheet Glass to produce smartphone screens in Vietnam

    TOKYO -- Nippon Sheet Glass will build a Vietnamese plant to turn out thin glass used for smartphone panels. The Japanese manufacturer is pouring 13 billion yen ($123 million) into the facility, aiming to begin output in June and achieve mass pr

    April 7, 2014 02:00 am JST
  • ASEAN finance ministers gather in Myanmar for annual meeting

    NAYPYITAW (Kyodo) -- The 18th meeting of the finance ministers of the Association of Southeast Asian Nations opened in Myanmar's administrative capital Naypyitaw on Saturday to discuss the regional and global economic outlook, a post-2015 vision for

    April 5, 2014 03:30 pm JST
  • Emerging Asia's money: a treasure trove untouched

    SINGAPORE -- After buying the Cardiff City Football Club in 2010, Malaysian tycoon Vincent Tan decided to rebrand the U.K. soccer team with a bit of inspiration drawn from his Chinese roots. Jerseys were changed from the time-honored blue to red and

    April 5, 2014 07:00 am JST
  • Japanese processor sees gold in Asian garbage

    TOKYO -- Japanese waste processing company Tsuneishi Kamtecs is expanding its presence in Asia outside Japan, homing in on such markets as Bangladesh, Vietnam and Thailand. By gaining a head start on waste processing demand, which has burgeoned

    April 4, 2014 04:55 am JST