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  • Myanmar parliament mulls electoral changes favoring ruling bloc

    YANGON -- Parliament began deliberations Tuesday on introducing proportional representation in national elections, a move seen benefiting the ruling coalition going into next fall's contest. Myanmar now uses single-member constituencies. A speci

    October 22, 2014 05:05 am JST
  • High growth in Asia-Pacific of high net worth individuals

    SINGAPORE -- The wealth held by high net worth individuals (HNWIs) in emerging Asia is predicted to grow at about 12.3% annually from 2013 to 2016, and at about 8.4% for their counterparts in more mature Asian economies, according to the Asia-Pacifi

    October 21, 2014 09:07 pm JST
  • Uniqlo's China factories key to success

    TOKYO -- Fast Retailing, the company behind the Uniqlo casual clothing chain, has achieved the estimated annual sales of more than 1 trillion yen ($9.27 billion). However, its goal by fiscal 2020 is to hit sales of 5 trillion yen. To achieve thi

    October 21, 2014 07:00 pm JST
  • Indonesian developers look abroad for new opportunities

    JAKARTA -- Indonesia's major government-affiliated property developers are increasingly planning offshore projects amid intense competition and weakening demand at home. Pembangunan Perumahan is looking to build a residential-commercial complex

    October 21, 2014 07:00 pm JST
  • Southeast Asian companies benefit from Myanmar investment boom

    SINGAPORE -- Myanmar, known recently as Southeast Asia's last frontier, is seeing companies from around the region flock to cash in on the newly opened nation's economic potential. Yum! Brands announced on Oct. 13 that it will open the first out

    October 20, 2014 07:00 pm JST
  • Japan to finance railroad repairs in Myanmar

    TOKYO -- Japan intends to provide 20 billion yen ($186 million) in loans to finance repairs of Myanmar's railroad network, hoping to bring Japanese businesses aboard on the project. The Southeast Asian nation plans to improve a key 600km line co

    October 20, 2014 02:43 am JST
  • Religious strife is fertile ground for Myanmar extremists

    YANGON -- In Sittwe, the capital of the western Myanmar state of Rakhine, a taxi driver was fuming over a rumor of a plot to set off bombs at a local festival. The driver, Tin Tun Aung*, claimed, "I heard there was a plan [by Muslims] to bomb th

    October 18, 2014 01:00 pm JST
  • Japanese restaurant chains stepping up store openings in China

    TOKYO -- Japanese restaurant chains Watami and Saizeriya will accelerate openings in China, targeting the growing ranks of middle-class consumers there. Watami will open a new line of restaurants serving Mediterranean cuisine with a Japanese fla

    October 18, 2014 06:17 am JST
  • Nehru, Tang: Democratic despair masks hope in Southeast Asia

    Under pressure from elites and other interest groups in Indonesia, Myanmar and Thailand, democracy appears to be in retreat in Southeast Asia. These setbacks should be seen as temporary. Over the long term, democratic forces will prove too strong to

    October 16, 2014 11:00 pm JST
  • Insecurity hangs over Thai generals as they take world stage

    As he boarded the plane from Bangkok to Milan Oct. 14 for the 10th annual Asia-Europe Meeting (ASEM), Thailand's new Prime Minister Prayuth Chan-ocha was no doubt feeling optimistic about his government's prospects. The visit to Italy highlights the

    October 16, 2014 01:00 pm JST
  • Thailand's PTT beefing up LNG terminal network

    BANGKOK -- Thailand's state-owned oil company PTT will build its third liquefied natural gas terminal as it steps up procurement from abroad amid growing power consumption at home. The company's capacity to receive LNG will triple once the new f

    October 16, 2014 04:54 am JST
  • Japanese tech could help feed future world of 9.6B

    TOKYO -- The world's rapidly growing population means increased pressure on food resources in developing economies, but Japan has technology that, if shared, could well ease this global concern. "Magic sand" might be Panasonic's next big thing.

    October 16, 2014 12:00 am JST
  • Anders Corr: China threat requires an Asian NATO

    China's increasing belligerence in the East and South China seas, and toward India, has fundamentally destabilized the security dynamics of Asia. Japan is seeking a closer alliance with India and is likely seeking advanced offensive weapons from the

    October 16, 2014 12:00 am JST
  • Cambodia discussing national pension plan with UN

    BANGKOK -- Cambodian officials are discussing a plan to establish the country's first comprehensive national pension fund, with United Nations officials saying the goal could be reached by 2020. The government is trying to expand the country's l

    October 16, 2014 12:00 am JST
  • Myanmar's parliamentarians get vocal

    YANGON -- The regional government in Yangon triggered a surprising chain of events in August, when it said it would award an $8 billion city expansion contract to a little-known company with a vague financial history. Local media launched invest

    October 15, 2014 07:00 pm JST
  • ASEM's 10th summit most important yet

    Asia matters -- for Europe. And Europe matters -- for Asia. That is why the Asia-Europe Meeting (ASEM) was created in 1996. That is why it has become the key forum for dialogue and cooperation between Europe and Asia. And that is why on Oct. 16 and

    October 15, 2014 06:40 pm JST
  • KFC to open 1st Myanmar outlet next year

    SINGAPORE -- KFC is preparing to open what will be Myanmar's first American fast food restaurant next year. The chain's parent company, Yum! Brands from Louisville, Kentucky, is partnering with Singaporean property giant Yoma Strategic to bring t

    October 14, 2014 06:45 pm JST
  • Japanese conductors nurture young orchestras across Asia

    TOKYO -- Japanese conductors are investing their time and energy to train orchestras in Myanmar, Vietnam, Indonesia and other parts of Asia. The goal is to help make classical music more popular in the region. One of these is Yunosuke Yamamoto

    October 14, 2014 07:00 am JST
  • Thai leader visits Myanmar to revive special economic zone project

    BANGKOK -- Thailand's interim prime minister, Prayuth Chan-ocha, made the unconventional choice to visit Myanmar for his first overseas tour in a bid to put plans for a joint industrial zone back on track. Prayuth arrived at Naypyidaw on Thursda

    October 10, 2014 06:20 am JST
  • With cut-rate calls, Norway's Telenor joins Myanmar's mobile fray

    YANGON -- Telenor has made its Myanmar debut with discount rates, intensifying competition in a young mobile phone market long monopolized by a state-run company. The Norwegian operator began selling SIM cards in Mandalay, the Southeast Asian co

    October 10, 2014 05:23 am JST