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  • Facing lull at home, Tokyu sets about urbanizing SE Asia

    TOKYO -- The search for a new revenue source is taking railway operator Tokyu from its profitable but mature home market in Japan to fast-growing Southeast Asia, where lucrative redevelopment projects await. In Japan, Tokyu is the leader in rede

    October 26, 2014 01:00 pm JST
  • Middle class thirst fuels 'beer club' boom in Vietnam

    HANOI -- So-called "beer clubs" serve up an ambience somewhere between the conviviality of Vietnam's traditional sidewalk watering holes and the exclusivity of its upscale restaurants. And they are a big hit with the country's swelling middle class.

    October 25, 2014 01:00 pm JST
  • 21 nations sign accord for China-led development bank

    BEIJING -- A total of 21 countries signed a memorandum of understanding in Beijing on Friday for the establishment of a China-led multinational bank. Representatives from Southeast Asia and the Middle East, as well as China, India and Mongolia,

    October 24, 2014 02:00 pm JST
  • Shibusawa Warehouse buying into Vietnamese logistics company

    TOKYO -- Shibusawa Warehouse plans to take a 35% stake in Hanoi-based logistics company Vinafco this month, aiming to strengthen operations in northern Vietnam. The Japanese company intends to purchase Vinafco shares from real estate firms and o

    October 24, 2014 02:00 am JST
  • Itochu to take stake in Vietnamese textile giant

    HO CHI MINH CITY -- Trading house Itochu will invest in Vinatex, Vietnam's largest state-owned textile company, acting ahead of a potential free trade agreement that could boost exports from the country. Itochu will soon acquire about 5% of the

    October 24, 2014 02:00 am JST
  • Cambodia, Laos bourses languish despite economic growth

    PHNOM PENH -- More than three years after establishing their respective stock exchanges, Cambodia and Laos are both struggling to attract companies ready -- or willing -- to list on them. With the members of the Association of Southeast Asian Na

    October 23, 2014 01:00 pm JST
  • Mitsubishi Heavy moves Boeing 777 door production to Vietnam

    HANOI -- Japan's Mitsubishi Heavy Industries announced Wednesday that it has moved production of doors for U.S. aircraft manufacturer Boeing's 777 jetliner to Vietnam. The move is intended to enhance cost competitiveness by accumulating manufact

    October 23, 2014 01:50 am JST
  • Vietnam's beer tax grab stirs up brouhaha

    Vietnam is seeing a heated debate over raising the tax on beer, a move proponents say the country will need as a key source of revenue dries up. The Association of Southeast Asian Nations is readying to form an economic union at the end of next

    October 23, 2014 01:39 am JST
  • Frederic Neumann: Asia should keep cutting subsidies

    That reforms are urgently needed in Asia to keep growth humming along is not exactly a secret. And it is easy to dismiss efforts so far as feeble, at best. Leaders throughout the region have made many ambitious promises on this front, but implementa

    October 23, 2014 12:00 am JST
  • High growth in Asia-Pacific of high net worth individuals

    SINGAPORE -- The wealth held by high net worth individuals (HNWIs) in emerging Asia is predicted to grow at about 12.3% annually from 2013 to 2016, and at about 8.4% for their counterparts in more mature Asian economies, according to the Asia-Pacifi

    October 21, 2014 09:07 pm JST
  • Danang targets elderly Japanese tourists

    HO CHI MINH CITY -- Local authorities in Danang, a major port in central Vietnam and the country's third most important economic hub, have earmarked a 10 hectare site for development as a resort for older Japanese people. Tran Chi Cuong, deputy

    October 21, 2014 07:18 pm JST
  • Uniqlo's China factories key to success

    TOKYO -- Fast Retailing, the company behind the Uniqlo casual clothing chain, has achieved the estimated annual sales of more than 1 trillion yen ($9.27 billion). However, its goal by fiscal 2020 is to hit sales of 5 trillion yen. To achieve thi

    October 21, 2014 07:00 pm JST
  • Japan trading houses boost Australia wheat ops

    SYDNEY/JAKARTA -- Japanese trading houses are expanding exports of wheat from Australia to Southeast Asia, where demand for the grain is increasing. Mitsubishi Corp. in July acquired 80% of shares in Olam Grains Australia, which holds a 32.5% s

    October 21, 2014 01:00 pm JST
  • Gregory Poling: China's legal guessing game in the Spratlys -- reef, rock or island?

    In June, the Philippine government released photographic evidence documenting China's efforts to expand five tiny spits of land it occupies in the disputed Spratly Islands: Johnson, Cuarteron, Hughes, Gaven and Eldad reefs. Subsequent reports have s

    October 16, 2014 01:00 pm JST
  • Anders Corr: China threat requires an Asian NATO

    China's increasing belligerence in the East and South China seas, and toward India, has fundamentally destabilized the security dynamics of Asia. Japan is seeking a closer alliance with India and is likely seeking advanced offensive weapons from the

    October 16, 2014 12:00 am JST
  • A 21st century lighting standard

    TOKYO -- This year's Nobel Prize in physics was awarded to three Japanese-born scientists. Isamu Akasaki of Meijo University, Hiroshi Amano of Nagoya University and Shuji Nakamura of the University of California, Santa Barbara, made the discoveries

    October 16, 2014 12:00 am JST
  • ASEM's 10th summit most important yet

    Asia matters -- for Europe. And Europe matters -- for Asia. That is why the Asia-Europe Meeting (ASEM) was created in 1996. That is why it has become the key forum for dialogue and cooperation between Europe and Asia. And that is why on Oct. 16 and

    October 15, 2014 06:40 pm JST
  • Frederic Neumann: Asia should keep cutting subsidies

    That reforms are urgently needed in Asia to keep growth humming along is not exactly a secret. And it is easy to dismiss efforts so far as feeble, at best. Leaders throughout the region have made many ambitious promises on this front, but implementa

    October 15, 2014 09:30 am JST
  • Aeon teaming with 2 Vietnam supermarkets on products, distribution

    TOKYO -- Aeon will partner with two major supermarket operators in Vietnam as part of a two-pronged strategy to cultivate the rapidly growing retail market there. The Japanese retailer is concluding partnership negotiations with Fivimart, which

    October 15, 2014 03:51 am JST
  • Vietnam's retail boom tempts global players to plod through red tape

    HANOI -- Mother-of-two Nguyen Thi Trang is an avid shopper at her local Lotte Mart in Hanoi's Ba Dinh district. Not only is the recently opened South Korean supermarket more comfortable than the open-air market where she used to purchase groceries,

    October 14, 2014 01:00 pm JST