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  • 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
  • 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