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  • Vietnamese retailing

    Citimart plots major expansion with Japan's Aeon

    HANOI -- Supermarket chain Citimart has formed a business partnership with Japanese retailer Aeon, aiming to greatly enlarge its network to 500 stores by 2025. The duo will work to raise the store count 20-fold from current levels under a new na

    November 26, 2014 06:33 am JST
  • Vietnam's big spenders

    Luxury brands roll out red carpet for country's nouveau riche

    HANOI -- Upmarket foreign brands are rushing to set up shop in Vietnam as the country's economic growth continues to mint new wealthy consumers. A 32-year-old woman in Ho Chi Minh City bought a BMW 3 Series model last winter. The purchase, inclu

    November 25, 2014 07:00 pm JST
  • Cleaner coal

    Sumitomo to build advanced power plant in Vietnam

    HANOI -- Sumitomo Corp. plans to construct a coal-fired power plant in Vietnam that emits less carbon dioxide and pollutants than conventional facilities, with an eye on gaining ground on Chinese competitors by offering advanced technologies. Sl

    November 25, 2014 02:22 am JST
  • Two-wheelers in Vietnam

    New Honda plant boasts flexible output, local staff

    HANOI -- Honda Motor recently opened its third Vietnamese motorcycle plant, designed to respond nimbly to market demand and rely on locals, in hopes of fending off the competition in an increasingly tight market. The plant will start out by prod

    November 25, 2014 01:57 am JST
  • China building island in Spratlys, possibly for airstrip: report

    TOKYO (Kyodo) -- Satellite imagery shows China is building in the Spratly Islands in the South China Sea a new island so large that it could be a site for the country's first airstrip in the disputed sea, according to a major defense journal. Th

    November 22, 2014 10:53 pm JST
  • Garment industry shift

    Vietnam emerges as next big factory floor

    TOKYO/YANGON -- Cost-sensitive garment businesses around the world increasingly regard Vietnam as a top choice for production, in anticipation of a trans-Pacific trade deal that would eliminate tariffs on clothes entering the U.S. A factory esta

    November 22, 2014 06:41 am JST
  • Vietnam Motor Show

    Vietnamese auto industry gears up for tariff cuts

    HO CHI MINH CITY -- As the country gears up for tariff cuts on motor vehicles in 2015, the Vietnam Motor Show 2014 got underway on Wednesday at the Saigon Exhibition and Convention Center in Ho Chi Minh City, and is expected to attract 150,000 visit

    November 21, 2014 04:00 pm JST
  • $400M Vietnam oil deal

    Malaysia's SapuraKencana buying 3 offshore blocks from Petronas

    KUALA LUMPUR -- SapuraKencana Petroleum announced it is acquiring three offshore oil-production blocks in Vietnam for $400 million from Malaysian state oil company Petronas. Through the move, SapuraKencana, Malaysia's largest upstream oil and ga

    November 21, 2014 02:25 pm JST
  • Panasonic in Southeast Asia

    Marketing power storage, surveillance systems to local businesses

    JAKARTA -- Panasonic will step up marketing to corporate customers in Southeast Asia, pursuing big contracts for power systems that combine storage and solar batteries, and surveillance equipment. System engineers and marketing personnel in char

    November 21, 2014 06:24 am JST
  • Exporting karaoke

    Koshidaka to ramp up South Korean parlor openings

    TOKYO -- Karaoke chain operator Koshidaka Holdings will turn to overseas markets for a new pillar of revenue, with plans to sharply boost its presence in South Korea while considering zeroing on karaoke aficionados in Malaysia and other Southeast As

    November 21, 2014 01:37 am JST
  • Asia's ultrarich

    Region's wealthy population seen topping Europe's in 2027

    SINGAPORE -- Asia's population of ultrarich individuals -- people with net assets of at least $30 million -- is expected to exceed that of Europe in 2027, according to a report compiled by research company Wealth-X and investment bank UBS. Growt

    November 20, 2014 07:28 pm JST
  • ASEAN by the numbers

    Corporate ranking shows what drives the region -- and what doesn't

    BANGKOK -- Ranking Southeast Asia's top companies by market capitalization and net profit gives a good idea who the movers and shakers are in Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam. But the list also reveals important

    November 20, 2014 12:00 am JST
  • Bottom lines

    ASEAN companies with modest market caps multiply their profits

    KUALA LUMPUR -- Don't let their relatively modest market capitalizations fool you: Some Southeast Asian companies have been making massive profit strides. These businesses have ridden the economic growth that has swept across the region, partly

    November 20, 2014 12:00 am JST
  • Islamic State: The new face of terror

    In its quest to acquire manpower and support for its operations in Syria and Iraq, the Islamic State militant group is making deep inroads into Asia -- and achieving a level of success that al-Qaida could only have dreamed of. The growing presence o

    November 20, 2014 12:00 am JST
  • Kamal Alam: Syria offers clues to Islamic State's future in Asia

    One of the more remarkable documents found in the Osama bin Laden compound included a letter to the Islamic State group of Iraq and Syria cautioning Abu Musab al-Zarqawi over his group's extreme violence. The insurgency in Fallujah and Tal Afar

    November 20, 2014 12:00 am JST
  • Quenching Southeast Asia's thirst for bottled tea

    TOKYO -- As incomes rise in Southeast Asia, consumers are becoming more health-conscious and opting for low-calorie bottled teas over sugary soft drinks. This shift in tastes is opening up new opportunities for beverage makers from around the world.

    November 20, 2014 12:00 am JST
  • List of ASEAN 100 companies

    ASEAN 100Singapore (25 companies)Banyan Tree HoldingsCapitaLandCity DevelopmentsComfortDelGroDBS Group HoldingsGlobal Logistic PropertiesHyfluxKeppel Corp. Neptune Orient LinesOlam InternationalOSIM InternationalOversea-Chinese Banking Corp.Raffles

    November 20, 2014 12:00 am JST
  • Foreign investors worried

    Vietnamese minimum wages jump 17-fold over 15 years

    HANOI -- A decision by the Vietnamese government to raise minimum wages by an average of about 15% in 2015 has foreign businesses worried. Prime Minister Nguyen Tan Dung approved the wage adjustment proposals made by the National Wage Council wi

    November 18, 2014 07:00 pm JST
  • Xi and Abe

    Who wanted a summit more?

    TOKYO -- Yasuo Fukuda, a former Japan prime minister, secretly visited Beijing in June. The capital at that time was rife with speculation and backroom politics as the Asia-Pacific Economic Cooperation approached. Talks with Chinese government o

    November 18, 2014 01:00 pm JST
  • Retailing in Southeast Asia

    Aeon goes for middle market in second Vietnam mall

    Japanese retailer Aeon's second Vietnamese shopping mall is off to a good start 10 days after it opened. Aeon Mall Binh Duong Canary, in Binh Duong Province, just north of Ho Chi Minh City, offers discount prices for food and clothing aimed at V

    November 18, 2014 01:00 pm JST