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  • Ulrich Zachau

    Myanmar, on the way to ending poverty

    Myanmar's economy is projected to expand by more than 8% over the next year, the highest growth rate in Southeast Asia. As it rejoins the global economy after decades of isolation, Myanmar now has the opportunity to lift its poorest people out of po

    December 18, 2014 04:00 pm JST
  • Frederic Neumann: Asia does not have a dollar problem

    After a few false starts in recent years, the greenback is embarking on a relentless climb. Major swings in exchange rates force investors to reassess their positions, not just tactically but strategically. Global finance is thus in for a turbul

    December 18, 2014 12:00 am JST
  • David I. Steinberg: Myanmar and the 'dignity of history'

    At a recent conference in Washington, Zaw Oo, a distinguished scholar and economics adviser to President Thein Sein of Myanmar, poignantly mentioned the need for his country's people to "reintroduce the dignity of history" into discussions on their

    December 18, 2014 12:00 am JST
  • Discount carriers take off in Southeast Asia

    Budget carriers are gaining profile in the global air travel industry, with market share in North America, West Europe and two other major regions now over 30%. In Southeast Asia, that figure jumped from just 3% in 2001 to over 50% in 2012. The rapi

    December 18, 2014 12:00 am JST
  • Global brewers nervous as smugglers take fizz out of Myanmar beer market

    YANGON -- Global brewers are toasting Myanmar's newly liberalized beer market, but they worry illegal imports could spoil the party. Dutch beer maker Heineken and its Danish rival Carlsberg this year announced plans to open breweries in Myanmar,

    December 18, 2014 12:00 am JST
  • Brian Toohey: Heavy spending on weaponry feeds Asian instability

    There is no iron law stating that the arms buildup underway in the Asia-Pacific region must trigger a war that would kill millions and wreck economies. However, there is also no reason to suppose that more spending -- combined with the U.S. "pivot"

    December 18, 2014 12:00 am JST
  • China's infrastructure bank heightens risks, benefits for Myanmar

    YANGON -- When it comes to balancing bilateral relations with the U.S., on one hand, and China, on the other, few countries highlight the tricky blend of risk and opportunity facing Southeast Asia quite like Myanmar. That has become particularly

    December 18, 2014 12:00 am JST
  • Nikkei/FT symposium

    Experts say Japan should help Southeast Asia strengthen regional ties

    TOKYO -- A Japan Bank for International Cooperation official said Japan needs to provide investments and loans to ASEAN to build electric power facilities, railroads and ports. Senior managing director of the JBIC, Tadashi Maeda, said, "Infr

    December 17, 2014 06:50 pm JST
  • Getting Myanmar connected

    Yoma secures ADB loan to fix telecommunications, logistics

    Yangon -- The Asian Development Bank (ADB) has approved a loan of up to $100 million to Singapore-listed Yoma Strategic Holdings in Myanmar to start remedying the country's connectivity gaps. With a market capitalization of about $640 million, Y

    December 17, 2014 06:10 pm JST
  • Survey

    Fewer than half of Japanese companies plan Chinese expansion

    TOKYO -- The percentage of Japanese companies planning to expand operations in China has dipped below 50% for the first time, according to survey results released Tuesday by the Japan External Trade Organization. Just 46.5% of responding compani

    December 17, 2014 05:15 am JST
  • Investing in Myanmar

    Mitsui gains foothold in power sector

    TOKYO -- Mitsui & Co. has become the first Japanese company to invest in power generation in Myanmar, taking a stake in the operator of a gas-fired power plant in the country's most populous city. The trading house has acquired a 44% interest in

    December 17, 2014 12:08 am JST
  • Software alliance in Asia

    Japanese IT companies partner to tap emerging nations

    TOKYO -- Three Japanese companies with a total of more than 800 software engineers in Vietnam, Bangladesh and Myanmar will partner up to bid for contracts to develop large-scale computer systems for Japan. Evolable Asia, BJIT and CyberMissions

    December 16, 2014 01:00 pm JST
  • Japan, Vietnam, Singapore pitching in

    More financing coming for Myanmar's small, medium-size companies

    Yangon -- Japan's Sumitomo Mitsui Banking Corp. has joined with the Myanmar Economic Bank to offer no-collateral loans for small and medium enterprises. "In every country, the SME sector is the most important," a representative of the Myanmar le

    December 16, 2014 11:00 am JST
  • Big chunk going into education

    EU has $900M to help build a stronger Myanmar

    YANGON -- The EU announced Monday it is allocating 688 million euros ($900 million) to Myanmar that will be doled out through 2020. An EU statement says the funds are to help develop rural areas and Myanmar's agriculture sector, improve food and nut

    December 16, 2014 11:00 am JST
  • Nomura on Abenomics

    Report gauges impact overseas of Japanese reforms

    SINGAPORE -- Malaysia and other key ASEAN countries are likely to be the most affected by the success or failure of Abenomics, the economic reform policies promoted by Japan's Prime Minister Shinzo Abe, according to a report by Japan's Nomura Securi

    December 16, 2014 12:06 am JST
  • India's Act East

    Modi targets $100 billion in trade with ASEAN for 2015

    NEW DELHI -- India's trade with the 10-member Association of Southeast Asian Nations (ASEAN) currently stands at around $80 billion and could jump by a quarter in 2015. "We hope by 2015 it will touch $100 billion and [double] by 2022," said Comm

    December 15, 2014 10:43 pm JST
  • Telecommunications in Myanmar

    Qatar's Ooredoo leads way in mobile phone market

    YANGON -- Myanmar's mobile phone market is expanding rapidly, with the penetration rate believed to have doubled in the past year to about 20%. The sharp growth is led by Qatar's Ooredoo, which launched its service in Myanmar this August, becomi

    December 15, 2014 07:00 pm JST
  • Oil and gas production

    Caution urged as Cambodia seeks bids for onshore blocks

    PHNOM PENH -- Having struggled for decades with conflict and political instability, Cambodia is seeking to drum up interest in its extractive industries sector. But despite an announcement that it hopes to offer onshore oil and gas blocks for biddin

    December 15, 2014 01:00 pm JST
  • UN talks agree building blocks for new-style climate deal in 2015

    LIMA (Reuters) -- About 190 nations agreed on Sunday the building blocks of a new-style global deal due in 2015 to combat climate change amid warnings that far tougher action will be needed to limit increases in global temperatures. Under the de

    December 14, 2014 06:18 pm JST
  • Constitutional, sectarian disputes simmer

    Myanmar political rifts cloud economic, reform picture

    YANGON -- With one year to go until Myanmar's general election, the government of President Thein Sein is stepping up its political and economic reforms. Following recent moves to allow foreign companies to enter the domestic banking sector, the gov

    December 13, 2014 01:00 pm JST