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  • 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
  • Mitsui invests in big Hong Kong food supplier

    TOKYO -- Mitsui & Co. has taken a 20% stake in a major Hong Kong food and beverage supplier, with plans to catch up to rivals in Asia's food market by collaborating on logistics and product development. The Japanese trading house became Tsit Win

    October 23, 2014 03:37 am JST
  • Thai auto output down 15th straight month in September

    BANGKOK -- Thai automobile production fell 16% from a year earlier to 164,299 vehicles this September, the 15th month in a row of year-on-year declines, according to figures released Wednesday by the Federation of Thai Industries. Thailand is th

    October 23, 2014 12:34 am JST
  • Frederic Neumann: Asia should keep cutting subsidies

    That reforms are urgently needed in Asia to keep growth humming along is not exactly a secret. And it is easy to dismiss efforts so far as feeble, at best. Leaders throughout the region have made many ambitious promises on this front, but implementa

    October 23, 2014 12:00 am 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
  • Separatist struggle plagues Thailand's deep south

    PATTANI, Thailand -- On an ordinary evening last May, Joraporn Thongcheua, 29, was in a 7-Eleven convenience store on the main street of Pattani at around 7:30 p.m, when an explosion took place. She turned to find her 2-year-old son Thanakit on the

    October 23, 2014 12:00 am JST
  • Lotte tries to catch pop culture wave with new Seoul megamall

    SEOUL/BANGKOK/DALIAN -- As big-budget shopping malls pop up across Asia, to varying degrees of success, South Korea's newest would-be consumer hot spot is attempting to capitalize on the country's prolific pop culture. Lotte World Mall opened Oc

    October 23, 2014 12:00 am JST
  • Asia faces bubble trouble as Fed pulls back

    TOKYO -- The imminent normalization of U.S. monetary policy may spell bad news for investors. How bad? According to a recent report by the International Monetary Fund, the shift could see market players lose 8%, or $3.8 trillion, on their bond portf

    October 23, 2014 12:00 am JST
  • Bye-bye to the tuk-tuk? Three-wheelers lose luster in Asia

    MUMBAI/JAKARTA -- Three-wheeled vehicle production appears to be on the wane in Asia as four-wheeled cars and motorcycles become the rides of choice, and because of environmental concerns. India's Crisil Research projects that sales of cargo-car

    October 22, 2014 07:00 pm 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
  • Japan's Takashimaya teams with Iconsiam in Thai retail push

    BANGKOK -- Japanese department store operator Takashimaya will open its first outlet in Thailand in 2017 as the core tenant of Icon Siam, a huge shopping and residential complex being developed along the Chao Phraya River in Bangkok. Takashimay

    October 21, 2014 07:22 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
  • Signs of bubble collapse appearing in emerging Asia

    TOKYO -- The imminent normalization of U.S. monetary policy may spell bad news for investors. How bad? According to a recent report by the International Monetary Fund, the shift could see market players lose 8%, or $3.8 trillion, on their bond portf

    October 19, 2014 07:00 am JST
  • Thailand's southern provinces continue to suffer from independence conflict

    PATTANI, Thailand -- In May, 29 year-old homemaker Joraporn Thongcheua had just stepped into a 7-Eleven at around 7:30 p.m, when she suddenly felt a blast. She turned to find her two-year-old son Thanakit, on the floor with a large piece of metal pr

    October 17, 2014 01:00 pm 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 carmakers adding foreign-built models to domestic lineups

    TOKYO -- Japanese automakers are moving to bring models they build abroad to their home market amid the weakening of the yen, a sign that these companies are steadily establishing global production systems immune to exchange rate fluctuations. In

    October 16, 2014 03:25 am JST
  • Indonesia holds promise, pitfalls for 7-Eleven

    JAKARTA -- In Indonesia's capital, 7-Eleven is not your typical "grab and go" convenience store. It is more like a cafe: Customers sit at tables, eating packaged meals and sipping Slurpee frozen drinks. The store has air conditioning and free Wi-Fi.

    October 16, 2014 12:00 am JST
  • Thitinan Pongsudhirak: Thai junta's roadmap will lead to uncertainty

    Since it seized power on May 22, Thailand's military junta, led by Gen. Prayuth Chan-ocha, has plowed ahead methodically with its drive to suspend Thai democracy, ostensibly to repair it while "returning happiness" to the people. But as political po

    October 16, 2014 12:00 am JST