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  • The ADB forecasts the slowest Asian growth since 2001

    MANILA Asia's growth will fall to its slowest pace since 2001 this year amid policy uncertainty in advanced economies and an outflow of capital, according to the Asian Development Bank.In its 2017 Asian Development Outlook, released on April 6, the

    April 13, 2017 10:00 am JST
  • Vietjet seeks shareholder approval to lift foreign ownership

    HO CHI MINH CITY -- Vietnam's low-cost carrier Vietjet Air will seek shareholder approval to raise the upper limit of foreign ownership to 49% from 30% at an annual general meeting on April 20.Around 26% of the airline is now held by foreign owners,

    April 12, 2017 11:50 pm JST
  • South Korea's export recovery is on thin ice

    HONG KONG -- Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at

    April 12, 2017 06:30 pm JST
  • Vietnam looks abroad for infrastructure investors

    HANOI -- Facing fiscal constraints, Vietnam is turning to foreign enterprises for funding and expertise as it anticipates the need for $400 billion in infrastructure spending over the next decade.Planning and Investment Minister Nguyen Chi Dung told

    April 12, 2017 09:00 am JST
  • Nicholas Spiro

    Asian corporate bond rally has gone too far

    For an indication of just how resilient emerging market assets have been since the upset victory of Donald Trump in the U.S. presidential election, look no further than Asian corporate bonds.Asia's emerging markets, which account for 45% of the main

    April 11, 2017 10:00 pm JST
  • Japan's Teijin planning $18m air bag fabric plant in Vietnam

    OSAKA -- Teijin will build a Vietnamese factory for air bag fabric as soon as late 2018 as more emerging economies mandate the safety feature in automobiles.The Japanese materials company also seeks to capture replacement demand created by the massi

    April 11, 2017 06:00 am JST
  • Vietnam companies adopting global standards to boost exports

    HANOI -- Vietnamese companies are introducing globally recognized standards in search of business opportunities in the world market amid the uncertain outlook for the Trans-Pacific Partnership trade pact.The country's largest dairy company, Vietnam

    April 8, 2017 11:00 am JST
  • Vinamilk sets revenue target of $2.25bn for 2017

    HO CHI MINH CITY -- Vietnam Dairy Products, or Vinamilk, is aiming for 51 trillion dong ($2.25 billion) in revenue and over 9.7 trillion dong in net profit in 2017 -- year-on-year increases of 8% and 4%, respectively.The targets being presented to s

    April 8, 2017 01:12 am JST
  • ASEAN-Japan Innovation Network formed to create new linkages

    KUALA LUMPUR -- Private business groups from Southeast Asia and Japan sealed a new alliance on Friday in Tokyo to promote economic cross-pollination.The ASEAN Business Club, a group of top companies in Southeast Asia, signed a memorandum of cooperat

    April 7, 2017 11:55 pm JST
  • The internet poised to dethrone TV as ad king

    PALO ALTO, U.S. -- Television's reign as the dominant advertising medium appears near its end, as sellers increasingly reach out to consumers through mobile devices.The rise of smartphones provides a tailwind for spending on internet ads, which is e

    April 7, 2017 08:00 am JST
  • Mizuho readies fund for ASEAN's smaller businesses

    TOKYO -- Mizuho Financial Group will establish a roughly 28 billion yen ($252 million) fund as early as summer to invest in small and midsize companies operating within the Association of Southeast Asian Nations.The fund will target businesses in co

    April 7, 2017 06:00 am JST
  • Nikkei Asia300 Index slips on Fed minutes, China-US meeting nerves

    HONG KONG (Nikkei Markets) -- Asian stocks fell Thursday amid concerns the U.S. Federal Reserve will soon consider shrinking its balance sheet, and as caution ahead of a key meeting between U.S. and Chinese presidents kept investors on the sidelines

    April 6, 2017 08:25 pm JST
  • ASEAN workers 'compromising digital security'

    SINGAPORE -- Southeast Asian workers are compromising security by using personal devices for work, making organizations in the region highly susceptible to cyber threats externally and internally, said VMware, a company specializing in cloud infrast

    April 6, 2017 08:05 pm JST
  • Asian growth seen slowing to 5.7% in 2017: ADB

    MANILA -- Asia will not grow as fast this year due to policy uncertainty in advanced economies and an outflow of capital, the Asian Development Bank said on Thursday.In its 2017 Asian Development Outlook, the Manila-based lender projects growth for

    April 6, 2017 10:30 am JST
  • Michael Vatikiotis: ASEAN shows its age as it turns 50

    As the Association of Southeast Asian Nations celebrates its 50th anniversary, the complexity of the internal and external environment is severely testing its approach to cooperative security that rests, above all, on preserving the sovereignty of e

    April 6, 2017 10:00 am JST
  • Hedge funds suffer money exodus

    TOKYO -- Once wielding powerful influence on global financial markets, hedge funds are losing customers as more investors shun their high fees amid poor returns.Hedge funds tracked by Eurekahedge saw fund outflows of $60.7 billion by the end of Febr

    April 6, 2017 09:00 am JST
  • Vietnamese joint venture to offer microfinancing in Myanmar

    HO CHI MINH CITY -- Vietnam's Dragon Capital Group and Myanmar's Ruby Hill Financial on Wednesday signed a deal to set up a joint venture that will provide loan products and services to the burgeoning workforce driving Myanmar's rapid economic devel

    April 6, 2017 01:30 am JST
  • Jetstar Australia returns to Vietnam

    HO CHI MINH CITY -- Two direct Jetstar Australia routes from Melbourne and Sydney to Ho Chi Minh City will start in May 2017, connecting key commercial centers in Vietnam and Australia.Jetstar Australia's announcement on Wednesday marked its return

    April 5, 2017 11:55 pm JST
  • Budget hotels sprout up in Vietnam as business travel booms

    HANOI -- Budget hotel chains are expanding in Vietnam as brisk economic growth pulls in smaller foreign companies, and with them business travelers in need of an economical place to stay.Route Inn Japan will open the first Vietnamese location of its

    April 5, 2017 11:00 am JST
  • Southeast Asia's new-car sales climb 13% in February

    BANGKOK -- New-car sales in six major Southeast Asian countries rose 13% on the year in February, as the region's auto market logged double-digit growth for the first time in eight months.February auto sales for the six nations hit 259,746 vehicles,

    April 5, 2017 07:25 am JST