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  • Myanmar opposition party to set up agricultural bank

    TOKYO -- The opposition Myanmar Farmers' Development Party will work with Thailand's government-backed Krung Thai Bank to set up a bank specializing in the agricultural business, the party's leader told The Nikkei in Tokyo. The plan is to open t

    October 25, 2014 06:00 am JST
  • 21 nations sign accord for China-led development bank

    BEIJING -- A total of 21 countries signed a memorandum of understanding in Beijing on Friday for the establishment of a China-led multinational bank. Representatives from Southeast Asia and the Middle East, as well as China, India and Mongolia,

    October 24, 2014 02:00 pm JST
  • Japanese damaged-car dealer to triple exports to Myanmar

    TOKYO -- Tau, a Japanese company that buys and resells damaged cars, aims to increase its exports to Myanmar by more than 200% next year, setting up a marketing beachhead in the city of Yangon. The Yangon site will open as early as December, wit

    October 24, 2014 12:44 am JST
  • Cambodia, Laos bourses languish despite economic growth

    PHNOM PENH -- More than three years after establishing their respective stock exchanges, Cambodia and Laos are both struggling to attract companies ready -- or willing -- to list on them. With the members of the Association of Southeast Asian Na

    October 23, 2014 01:00 pm JST
  • Religious strife hits home in Southeast Asia

    World leaders, including U.S. President Barack Obama, are calling for international cooperation to fight Islamic State militants in the Middle East. But conflicts with such extremists are not confined to this region. Southeast Asia is home to roughl

    October 23, 2014 12:00 am JST
  • Myanmar's repression sows seeds of extremism

    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*, said, "I heard there was a plan [by Muslims] to bomb the festi

    October 23, 2014 12:00 am JST
  • 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