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  • Global debt hits $215tn in 2016, led by emerging markets -- IIF

    Global debt rose to 325 percent of the world's gross domestic product in 2016, totalling $215 trillion, an Institute for International Finance report released on Monday showed, boosted by the rapid growth of issuance in emerging markets.Global debt

    April 4, 2017 09:14 am JST
  • Japan's JXTG to slash capex, ease upstream development

    TOKYO -- Newly formed energy giant JXTG Holdings will hold down capital investment for a while as the company works toward achieving its earnings goals and establishing fiscal discipline.The new entity plans to "reduce [capital spending] by 20-30% f

    April 4, 2017 05:15 am JST
  • ASEAN PMI rises to 50.9 in March

    TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, rose to 50.9 in March from 50.3 in February. All ASEAN economies except Malaysia recorded growth across their manufacturing sectors. A reading above 50 indicates economic ex

    April 3, 2017 09:30 am JST
  • Vietnam manufacturing PMI hits 22-month high in March

    TOKYO -- Vietnamese manufacturing sector ended the first quarter of the year on a positive note. The Nikkei Vietnam Manufacturing Purchasing Managers' Index, or PMI, rose to a 22-month high of 54.6 in March from 54.2 in February.A reading above 50 i

    April 3, 2017 09:30 am JST
  • Vietnam mobile carriers aim for nationwide 4G coverage this year

    HO CHI MINH CITY -- Viettel, the leading telecom in Vietnam, last week announced its plan to provide fourth-generation (4G) high-speed network coverage to 99% of populated areas by the end of April.The military-run telecom has 63 million subscribers

    April 1, 2017 02:15 pm JST
  • Manufacturing slump drags on Vietnam growth

    HANOI -- Vietnam's real gross domestic product grew just 5.1% on the year in the January-March period, the lowest in three years, as the industrial sector stumbled amid trouble at growth driver Samsung Electronics.The General Statistics Office repor

    March 31, 2017 03:55 am JST
  • Southeast Asia's gaming startups take a cue from Tencent

    TOKYO Gaming startups across Southeast Asia are taking a cue from Chinese tech giant Tencent Holdings and branching out beyond games, an approach that is helping reel in users and woo investors.THE GARENA EXAMPLE At a gaming cafe in downtown Singapo

    March 30, 2017 10:00 am JST
  • Japan's Showa Denko partnering on Thai aluminum can plant

    BANGKOK -- Japanese chemical maker Showa Denko will produce aluminum cans together with Thai energy drink brewer Carabao Group, fulfilling the former's wish for a promising Asian business and the latter's for lightweight cans to export its drinks in

    March 30, 2017 05:23 am JST
  • Vietnam's economic growth slips to 3-year low in Q1

    HANOI (Reuters) -- Vietnam's economy grew at its slowest pace in three years in the first quarter, government data showed on Wednesday, as production was weak in agriculture, mining and manufacturing.The General Statistics Office (GSO) said annual g

    March 29, 2017 09:15 pm JST
  • Price spikes feared as Asian oil production drops

    SINGAPORE -- A global focus on rising oil output in the U.S. has overshadowed an important trend elsewhere in the market. Falling oil production in Asia is forecast to accelerate as major fields dry up, which will stiffen demand for foreign barrels

    March 29, 2017 07:40 pm JST
  • Japan's Hitachi, SMBC launching e-money system in Vietnam

    TOKYO -- Hitachi and Sumitomo Mitsui Banking Corp. of Japan as well as Vietnam Post in mid-April will begin offering an e-money pension payment system in the Southeast Asian nation.Special smart cards will be issued to pension recipients, who can th

    March 29, 2017 03:30 pm JST
  • Bill Hayton

    What does China really want in the South China Sea?

    The question of what China actually wants in the South China Sea is surprisingly little studied in the West. Too many international analysts seem happy to make assumptions about China's strategic and tactical motivations without reference to Chinese

    March 29, 2017 02:00 pm JST
  • Pankaj Ghemawat and Phillip Bastian

    Southeast Asia's globalization outperformers

    While few observers would be surprised that Singapore is one of the world's most globalized countries, it may raise some eyebrows that the city-state's Southeast Asian neighbors Cambodia, Vietnam and Malaysia also stand out relative to what might be

    March 29, 2017 01:30 pm JST
  • Vietnam's economic growth slips to 3-year low in Q1

    HANOI (Reuters) -- Vietnam's economy grew at its slowest pace in three years in the first quarter, government data showed on Wednesday, as production was weak in agriculture, mining and manufacturing.The General Statistics Office (GSO) said annual g

    March 29, 2017 11:39 am JST
  • Brazil meat scandal opens way for Aussie beef in China

    SYDNEY -- Brazil's tainted beef scandal looks to be almost over with China lifting its import ban, but a new meat agreement between China and Australia offers Australian beef exporters a chance to reclaim market share lost to the South American coun

    March 28, 2017 04:20 pm JST
  • Chinese men turn to human traffickers for foreign brides

    TOKYO -- China has a problem with men, as in too many compared to the number of women. And according to an in-depth study authored by the China Population Association and others, this problem is likely to get far worse over the next 30 years as the

    March 28, 2017 03:00 pm JST
  • Vinamilk acquires all of Angkor Dairy Products

    HO CHI MINH CITY -- Vietnam Dairy Products, or Vinamilk, announced late last week that it has acquired the other 49% of its Cambodian joint venture, Angkor Dairy Products, for $10 million from BPC Trading, its local partner.The move is part of an am

    March 28, 2017 04:00 am JST
  • Daiwa House building large hotel in Vietnam

    TOKYO -- Daiwa House Industry announced Monday it will spend about 8 billion yen ($72.4 million) to build a large hotel in the Vietnamese city of Hai Phong with the aim of attracting Japanese business travelers.Slated to open in 2020, the 21-story h

    March 28, 2017 02:00 am JST
  • Microinsurance closes gaps in social safety nets

    TOKYO "I was very worried [about the hospital bill] because my father was in [intensive care] for a long time," said Sheryl Tan, recalling the two painful months leading up to her father's death last year. "So I was relieved when I heard that Medi

    March 26, 2017 04:30 pm JST
  • Insurers help to pay for Asia's infrastructure needs

    BANGKOK -- A recent $150 million refurbishment of two decades-old geothermal power plants on the Philippine island of Luzon may sound like just another project aimed at overcoming the country's severe electricity shortages. But, for Asia's insurance

    March 26, 2017 01:40 am JST