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  • Rise of ASEAN

    Growing investment abroad may speed free trade deals

    TOKYO -- Foreign direct investment is no longer a one-way street in ASEAN, with some wealthier members starting to make overseas investments in other members as well as Japan and other countries.Outward boundForeign direct investment net outflows fr

    November 28, 2014 02:05 am JST
  • Demand for cardboard

    Oji Holdings building new plants in Vietnam, Myanmar

    CHRISTCHURCH, New Zealand -- Oji Holdings is building new cardboard plants in Vietnam and Myanmar to tap the growing demand for packaging materials in Southeast Asia, Chairman Kazuhisa Shinoda revealed during his trip here. The Japanese paper ma

    November 27, 2014 04:59 am JST
  • NAR Bangkok forum

    Localization, globalization keys to expansion, says Bank of Ayudhya CEO

    BANGKOK -- Localization of management and globalization of local employees are essential when expanding into foreign markets, said Noriaki Goto, CEO of Bank of Ayudhya, Thailand's fifth largest bank by assets, which was acquired by Japan's largest b

    November 26, 2014 10:00 pm JST
  • NAR Bangkok forum

    Can AEC overcome national interests and combine strengths? Yes, say auto bosses

    BANGKOK -- Three leaders of the region's automotive industry gave the ASEAN Economic Community grades of 8, 7 and 6 at the Nikkei Asian Review Forum in Bangkok on Wednesday. When asked how the AEC, to be launched at the end of 2015, is progressing,

    November 26, 2014 09:30 pm JST
  • National reform

    Myanmar to stay the course after elections

    TOKYO -- Myanmar is expected to hold a general election and a presidential election, possibly in the fall of 2015. Many wonder whether the Southeast Asian country will continue democratizing and reforming the economy after people head to the ball

    November 25, 2014 10:00 am JST
  • Axiata profits swell

    Malaysia telecom leader benefits from divesting Samart

    KUALA LUMPUR -- Axiata Group, the leader in Malaysian mobile communications, said on Monday that profits for the July-September quarter swelled 118% to 757 million ringgit ($226 million) year on year due to a one-off gain from a major divestment.

    November 24, 2014 07:07 pm JST
  • Globe Telecom growth

    Philippine company sees mobile banking potential in Myanmar

    MANILA -- Globe Telecom, a joint venture between Ayala Corp. of the Philippines and Singapore Telecommunications, is looking to Myanmar for regional expansion opportunities. Globe is opting not to compete directly in Myanmar's fledgling telecomm

    November 24, 2014 06:54 pm JST
  • Cambodian aviation

    Airlines ride Chinese tourism boom

    PHNOM PENH -- Cambodia is emerging as an exception to Chinese tourists' growing aversion to Southeast Asia amid heightened political tensions and upheaval. More tourists come into Cambodia from China than from any other country apart from neighb

    November 24, 2014 07:00 am JST
  • Mitsubishi Electric

    Offering internships to train Myanmar engineers

    YANGON, Myanmar -- Mitsubishi Electric will start accepting student interns from Yangon Technological University next month. Mitsubishi Electric and the university signed a memorandum of understanding Sunday. "We hope to contribute to personnel

    November 24, 2014 01:50 am JST
  • Komatsu in Myanmar

    Japanese construction equipment maker launching remanufacturing business

    TOKYO -- Japanese machinery maker Komatsu will start selling remanufactured construction and mining machine parts in Myanmar by the end of this year. The company is trying to strengthen its presence in Southeast Asia, where it sees big growth p

    November 23, 2014 07:00 pm JST
  • Asahi's plan for Myanmar

    Japanese drinks giant to launch new beverage line in 2016

    YANGON -- Japan's Asahi Group Holdings will launch beverages under an original brand in Myanmar as early as 2016. President and CEO Naoki Izumiya, who is visiting Yangon, Myanmar's largest city, unveiled the plan during an interview with The Ni

    November 23, 2014 01:00 am JST
  • Garment industry shift

    Vietnam emerges as next big factory floor

    TOKYO/YANGON -- Cost-sensitive garment businesses around the world increasingly regard Vietnam as a top choice for production, in anticipation of a trans-Pacific trade deal that would eliminate tariffs on clothes entering the U.S. A factory esta

    November 22, 2014 06:41 am JST
  • Renewable energy

    Electricity-starved Myanmar takes a shine to solar power

    YANGON -- Large solar power generation projects are increasingly taking root in Myanmar as the government races to alleviate a serious electricity shortage and reduce the country's dependence on hydropower. Green Earth Power (Thailand), a Thai r

    November 21, 2014 01:00 pm JST
  • Panasonic in Southeast Asia

    Marketing power storage, surveillance systems to local businesses

    JAKARTA -- Panasonic will step up marketing to corporate customers in Southeast Asia, pursuing big contracts for power systems that combine storage and solar batteries, and surveillance equipment. System engineers and marketing personnel in char

    November 21, 2014 06:24 am JST
  • Resona's Higashi

    Bank to repay bailout funds early, forge Myanmar tie-up

    TOKYO -- Once essentially nationalized in 2003, Resona Holdings will repay its remaining public assistance to the government faster than planned and will partner with a major Myanmar bank to seek further growth, President Kazuhiro Higashi told The N

    November 21, 2014 05:41 am JST
  • Exporting karaoke

    Koshidaka to ramp up South Korean parlor openings

    TOKYO -- Karaoke chain operator Koshidaka Holdings will turn to overseas markets for a new pillar of revenue, with plans to sharply boost its presence in South Korea while considering zeroing on karaoke aficionados in Malaysia and other Southeast As

    November 21, 2014 01:37 am JST
  • Islamic State: The new face of terror

    In its quest to acquire manpower and support for its operations in Syria and Iraq, the Islamic State militant group is making deep inroads into Asia -- and achieving a level of success that al-Qaida could only have dreamed of. The growing presence o

    November 20, 2014 12:00 am JST
  • Kamal Alam: Syria offers clues to Islamic State's future in Asia

    One of the more remarkable documents found in the Osama bin Laden compound included a letter to the Islamic State group of Iraq and Syria cautioning Abu Musab al-Zarqawi over his group's extreme violence. The insurgency in Fallujah and Tal Afar

    November 20, 2014 12:00 am JST
  • Nicholas Borroz

    Seeds of extremism in Myanmar

    Sectarian tensions that have plagued predominantly Buddhist Myanmar in recent years may swell the ranks of Islamic jihadi groups and hinder the country's economic growth. In September, al-Qaida announced the establishment of a new South Asian br

    November 19, 2014 04:00 pm JST
  • ADB report

    Asia's integration driven by Western uncertainty

    MANILA -- Asia is becoming increasingly interconnected as economies move to reduce their reliance on the West, where growth has been sluggish, the Asian Development Bank said Tuesday. In its latest Asian Economic Integration Monitor, the bank sa

    November 19, 2014 10:30 am JST