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  • Asean deregulating foreign investment in banks

    MANILA -- Members of the Association of Southeast Asian Nations are increasingly easing rules on foreign investment in local lenders in preparation for wider financial deregulation to be ushered in under the slated 2015 creation of the Asean Economi

    July 23, 2014 02:00 pm JST
  • Rising nationalism threatens Asia's economic interdependence

    BANGKOK -- Asia's rapid ascent has led many to dub this the "Asian century," but an intensifying cycle of nationalism is one of a number of issues the region must overcome to become a driver of the global economy.China at the centerChinese oil drill

    July 22, 2014 07:00 am JST
  • JFE Engineering to double steel structural operations in Myanmar

    YANGON -- JFE Engineering plans to double production capacity at its Myanmar steel structure site in fiscal 2015, President Hisanori Kanou said Sunday at a ceremony at the Yangon location to celebrate the beginning of product shipments. Investme

    July 21, 2014 01:59 am JST
  • StanChart's surprise exit from Myanmar bank license process raises questions

    A last-minute decision by Standard Chartered Bank of the U.K. and a number of Asian banks to abandon plans to apply for the first wave of foreign branch licenses in Myanmar by the July 14 deadline has caught local officials off guard and raised ques

    July 18, 2014 11:59 pm JST
  • Soccer alive and well in Southeast Asia

    BANGKOK -- No Southeast Asian country competed in this year's World Cup, but soccer is just as popular here as anywhere else. With incomes rising and fans starting to embrace local leagues, ticket and merchandise sales are skyrocketing and stadiums

    July 18, 2014 01:00 pm JST
  • Asian currency swap pool doubles to $240B

    TOKYO -- An agreement doubling the size of an Asian currency swap framework went into effect Thursday, strengthening a regional financial safety net, Japan's finance ministry said. The Chiang Mai Initiative Multilateralization grows to $240 bill

    July 18, 2014 12:56 am JST
  • Japan's KDDI, Sumitomo set out to develop Myanmar's wireless frontier

    TOKYO/YANGON -- Major wireless carrier KDDI and trading house Sumitomo Corp. have established a joint venture to enter Myanmar's nascent mobile service market. The Japanese companies on Wednesday announced they will invest some 200 billion yen (

    July 17, 2014 07:00 pm JST
  • Southeast Asia emerging as a new battlefield among credit card companies

    HANOI/YANGON -- Credit card companies are cultivating markets in Southeast Asia, where rising affluence is spurring the spread of electronic payment systems -- and allowing consumers to spend more than what they have in the bank. MasterCard in J

    July 17, 2014 01:00 pm JST
  • UN: AIDS-related deaths declining in Asia

    NEW YORK -- The number of AIDS-related deaths in Asia and the Pacific fell by 37% between 2005 and 2013, according to a United Nations report published Wednesday. The report attributed this drop to a major increase in HIV treatment in the region

    July 17, 2014 05:59 am JST
  • Soccer alive and well in Southeast Asia

    BANGKOK -- No Southeast Asian country competed in this year's World Cup, but soccer is just as popular here as anywhere else. With incomes rising and fans starting to embrace local leagues, ticket and merchandise sales are skyrocketing and stadiums

    July 17, 2014 12:00 am JST
  • Gregory Poling: Asia's democratic growing pains

    Asia analysts have spent a considerable amount of time wringing their hands over the perceived retreat of democracy and its institutions in the region. Contested elections in Cambodia and Malaysia in 2013 fed this sense of gloom, and Thailand's mili

    July 17, 2014 12:00 am JST
  • PepsiCo ramping up Myanmar operations

    YANGON -- PepsiCo has started producing drinks in Myanmar through a local bottler, another step in efforts to catch up with Coca-Cola in a fast-growing market. A plant in Yangon owned by local manufacturer Myanma Golden Star was modified to prod

    July 16, 2014 12:55 am JST
  • Emerging Asia hungry for foreign investment

    DHAKA -- Less developed nations in Southeast and South Asia want foreign companies to come in and help their economies catch up with more advanced rivals. Bangladesh is promoting the Bay of Bengal Industrial Growth Belt plan, under which it aim

    July 14, 2014 02:00 pm JST
  • Thai economy rocked by exodus of Cambodian workers

    BANGKOK -- Thailand's economy has been rocked by the haphazard exodus of illegal workers driven by fears of a crackdown on laborers without visas following the May military coup. A huge number of Cambodians and other economic migrants working un

    July 13, 2014 07:00 am JST
  • Minebea to streamline production of LCD panel components

    TOKYO -- Japan's Minebea will improve the efficiency of its production of back lights for LCD panels in Asia to enhance cost competitiveness, company sources said on Saturday. The move comes amid growing demand for LCD panels due to the the popu

    July 13, 2014 01:30 am JST
  • Japan's Konoike to start hauling chilled goods in Mekong region

    OSAKA -- Leading logistics company Konoike Transport will begin the first-ever temperature-controlled transportation service for Vietnam, Cambodia and Thailand. Rising income in the region is driving demand for fresh foods. The Osaka-based compa

    July 12, 2014 03:03 am JST
  • Myanmar looks to stronger gemstone exports

    YANGON -- Myanmar's jade exports are surging, fueled by strong demand from China. The country plans to open its mining industry to foreign capital, and is hoping to boost gemstone production and make it a big foreign currency earner. Myanmar's j

    July 11, 2014 07:00 pm JST
  • Dreams of wealth and entrepreneurship in Laos

    VIENTIANE, Laos (Nikkei) -- In Japan, entrepreneurship is seen by the government as a way to revive the economy. In Laos, however, entrepreneurship is regarded by young elites as a realistic path toward personal riches. Laos is a small country,

    July 11, 2014 01:00 pm JST
  • Japanese banks continue to scale up Southeast Asian presence

    TOKYO -- Japanese banks are strengthening their operations in Southeast Asia, moving beyond their Japanese clientele to target foreign and local companies in the region. The three Japanese banking giants -- Mitsubishi UFJ Financial Group, Mizuho

    July 11, 2014 06:10 am JST
  • Myanmar power cuts trigger short-term fix

    KYAUKSE, Myanmar -- When a newly installed 100-megawatt gas-fired power plant officially opened in central Myanmar in June, a remarkable welcome awaited the delegates who made the trip from Yangon to Kyaukse, on the outskirts of Mandalay, for the ev

    July 10, 2014 07:00 pm JST