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  • ASEAN synchronicity

    Regional grouping ponders common time zone

    KOTA KINABALU, Malaysia -- The Association of Southeast Asian Nations (ASEAN) is considering the adoption of a common time zone as the ten-member regional grouping moves towards closer economic integration. ASEAN synchronization, which was

    January 28, 2015 08:20 pm JST
  • Aeon in Southeast Asia

    'Go-it-alone' Japanese retailer shifts to local alliances

    TOKYO -- Japanese retail giant Aeon will form capital and business alliances with two major supermarket operators in Vietnam in a bid to expand its business in the country and better cope with increasing competition in Southeast Asia. In the 30

    January 28, 2015 01:00 pm JST
  • Social media and retail

    Vietnamese companies tap into Facebook for marketing

    HANOI -- More and more Vietnamese companies are using Facebook and other social networking sites to market their goods and services. Tokyo-based research company AUN Consulting said at last count Vietnam had about 24 million Facebook users, whi

    January 28, 2015 01:00 pm JST
  • Vietjet Air float

    Vietnamese carrier seeks $800 million in 2015

    HO CHI MINH CITY -- Vietjet Air, Vietnam's first private airline, plans to raise $800 million this year with an initial public offering (IPO) and from other sources to purchase new Airbus aircraft. While details of the flotation have not been c

    January 27, 2015 08:30 pm JST
  • Central Group expansion

    Thai retail giant acquires 49% of Vietnamese electronics retailer

    BANGKOK -- Thailand's retail giant Central Group has agreed to acquire a 49% stake of major Vietnamese electronics retailer Nguyen Kim Trading Joint Stock Co., marking the latest move in its expansion strategy abroad. The group's electronics sto

    January 27, 2015 07:14 pm JST
  • Lina Baechtiger

    The dark undercurrent of freer trade flows

    The global proliferation of free trade zones has been one of the most important developments for international business in recent years. These zones offer companies significant advantages in shipping products, and in Asia, we have some of the world'

    January 27, 2015 01:00 pm JST
  • Agriculture in Vietnam

    IT companies transforming outdated farm sector

    HANOI -- Information technology companies in this country are launching agriculture support services to help farmers increase their crop yields by streamlining and modernizing the country's old-fashioned farming methods. Of Vietnam's population

    January 24, 2015 01:00 pm JST
  • Turkish TV drama

    Exports grow to new levels

    ISTANBUL -- Turkish TV dramas are drawing increasingly international audiences, with the value of such exports expected to hit a new high this year. A magnificent historical drama set in Ottoman-era Istanbul and other programs have fascinated la

    January 24, 2015 01:00 pm JST
  • Refocusing overseas

    Haseko plans condo building in Vietnam

    TOKYO -- Real estate developer Haseko will develop a condominium building in Vietnam in collaboration with local giant Him Lam Group. The two have set up a joint venture, with Haseko holding a 95% stake. This marks the first overseas expansion

    January 24, 2015 04:09 am JST
  • India-Vietnam

    Bilateral trade target of $15B by 2020

    NEW DELHI -- Keen for investment from India in a broad range of sectors, Vietnam continues to believe the two countries can achieve $15 billion in bilateral trade by 2020. During a meeting with Indian Commerce Secretary Rajeev Kher in Hanoi, Vie

    January 22, 2015 09:34 pm JST
  • Diapers in demand

    Unicharm seen beating April-December estimates

    TOKYO -- Unicharm likely topped its April-December earnings forecast on brisk sales of diapers in China, Southeast Asia and other foreign markets as well as premium offerings at home. Operating profit is seen at around 59 billion yen ($493 milli

    January 22, 2015 02:00 am JST
  • Nehru, Tang: Malaysia's big chance to help shape ASEAN's new era

    By the end of 2015, the ASEAN Economic Community is to be born -- and as the current chair of the Association of Southeast Asian Nations, Malaysia will be its presiding midwife. Using an elaborate scorecard, each of ASEAN's 10 members has been asked

    January 22, 2015 12:00 am JST
  • Stephen Grenville: Low oil prices provide a fleeting chance for reform

    If the global price of oil had jumped by 50%, there is little doubt that economic commentators would be calling it a disaster for world growth. The price has in fact fallen by more than 50% since last June, but this ray of good news has not yet pier

    January 22, 2015 12:00 am JST
  • Vietnam economy

    Bad loans presage more bank rationalization

    HO CHI MINH CITY -- Vietnam's troubled finance sector is likely to see between six and eight bank mergers in 2015 as part of a strategy to almost halve the number of commercial banks by the end of 2017 from over 30 at present. The State Bank of

    January 20, 2015 12:40 am JST
  • Executive women in Asia

    Philippines leads the region with its women in management

    SINGAPORE -- The Philippines is leading Asia with its high percentage of women in management positions, according to a recent report by the International Labor Organization. A ranking complied by the ILO shows the Philippines to be the only Asian co

    January 19, 2015 07:30 pm JST
  • Overland trade routes

    Southeast Asia building web of highways

    TOKYO -- In addition to upgrading port facilities, Southeast Asian countries are also expanding their transnational highway network to expedite regional trade and transportation. The Neak Loeung Bridge, Cambodia's longest overpass, could open as

    January 17, 2015 07:01 am JST
  • Port-building

    Southeast Asia moves to bulk up maritime corridors

    TOKYO -- Southeast Asian countries are rushing to build much-needed port infrastructure to handle the surge in maritime trade, with the Philippines and Indonesia leading the pack with huge investments. The Port of Manila, which handles 80% of th

    January 17, 2015 05:06 am JST
  • City Mart expansion

    Myanmar retailer plans to double stores in 3 years

    YANGON -- City Mart Holding, one of the fastest growing retailers in Myanmar, plans to double the number of its outlets in the next three years. "We now have 19 supermarkets under the name of City Mart -- 18 in Yangon and one in Mandalay, and se

    January 17, 2015 12:00 am JST
  • On legal thin ice

    Taxi dispatch apps fighting for piece of Vietnam

    TOKYO -- More Vietnamese are using taxi dispatch apps on their smartphones. But the Vietnamese government is hinting that it may more tightly regulate the fledgling industry. And one municipality has introduced its own "official" competing app.

    January 16, 2015 01:00 pm JST
  • Curtis S. Chin and Jose B. Collazo: Asia infrastructure needs reform, not more development banks

    Amid talk of the "Asian century," one of the most important questions is how best to finance the continent's tremendous infrastructure needs. Whether crumbling roads in the Philippines or power blackouts in India, the region's physical infrastructur

    January 15, 2015 12:00 am JST