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  • Japanese eatery Ootoya to accelerate overseas expansion

    TOKYO -- Ootoya Holdings, the Tokyo-based operator of the Ootoya restaurant chain, is ramping up its overseas expansion drive. The company will in November open its first restaurant in Vietnam -- an outlet serving set meals in Ho Chi Minh City -

    August 24, 2014 01:45 am JST
  • Thai-Malaysian mobile banking alliance

    BANGKOK -- Advanced Info Service, Thailand's largest cellular phone operator, is partnering with CIMB Thai, the local arm of Malaysian bank CIMB, in Thailand's fast growing mobile banking sector. With services due for launch at the end of the ye

    August 22, 2014 10:00 pm JST
  • OCBC may sell listed construction company

    SINGAPORE -- Oversea-Chinese Banking Corp., the city-state's second largest financial institution by assets, is in preliminary talks to sell off its stake in the renowned United Engineers construction company. Earlier this week, OCBC announced a

    August 22, 2014 07:30 pm JST
  • Transcosmos to start online sales proxy service in Thailand

    TOKYO -- Transcosmos is launching a business in Thailand that will help client companies start e-commerce services, handling everything from building websites to receiving product orders. The Saha Group, Thailand's largest consumer goods manufac

    August 22, 2014 04:59 am JST
  • Thai military chief at the helm for the long haul

    BANGKOK -- Thailand's legislature on Thursday elected Gen. Prayuth Chan-ocha, the army chief who heads the current military government, as interim prime minister, keeping him at the top at least until the fall 2015 general election. The National

    August 22, 2014 03:58 am JST
  • Thai firms ramp up spending in border areas

    BANGKOK -- With Southeast Asian nations slated to form an economic community at the end of 2015, Thailand is ramping up its investment in rural areas close to its borders. Projects to build new hotels, large hospitals, shopping malls and other f

    August 21, 2014 07:00 pm JST
  • Thailand army chief Prayuth named as interim PM

    BANGKOK -- General Prayuth Chan-ocha, Thailand's army chief who heads the current military government, was voted the country's next prime minister Thursday morning at the National Legislative Assembly. Prayuth was the only candidate nominated; 1

    August 21, 2014 04:15 pm JST
  • Keeping Beijing's South China Sea incursions in check

    In early August, Southeast Asia's political and trade bloc held a series of meetings in Myanmar. Its focus? How to halt China's moves to extend sovereignty over parts of the South China Sea. The Association of Southeast Asian Nations largely fai

    August 21, 2014 12:00 am JST
  • Southeast Asia Telecom prepares for smartphone age

    SINGAPORE -- Commuters in Singapore stare at smartphone and tablet screens on their packed morning commutes. The age of the feature phone feels finished. This may not be the case in other Southeast Asian cities, but few doubt the smartphone era is c

    August 21, 2014 12:00 am JST
  • Thai 4G rollout to slow on auction delay

    BANGKOK -- Thailand's mobile operators are likely to slow their rollout of next-generation "4G" phone services following the ruling military junta's decision to delay an auction of new spectrum by a year. Two of the country's three main mobile c

    August 20, 2014 07:15 pm JST
  • Chinese tourists becoming scarce at SE Asian destinations

    KUALA LUMPUR -- Chinese tourist arrivals to Southeast Asia's top three destinations have been declining in recent months. Political upheavals, a missing airliner and unfavorable exchange rates are some of the factors that have been deterring Chinese

    August 20, 2014 06:12 pm JST
  • House Foods seen earning bigger chunk of sales abroad

    TOKYO -- House Foods is expected to generate a larger percentage of its sales overseas this fiscal year, thanks to a recovery of its U.S. tofu business and stronger curry sales in China. Overseas sales are likely to make up more than 10% of the

    August 20, 2014 04:43 am JST
  • Thai economy ekes out growth

    BANGKOK -- Thailand's seasonally adjusted real gross domestic product climbed 0.9% on the quarter for the April-June period, returning to positive territory, according to official figures released Monday. GDP rose 0.4% on the year. Private spend

    August 19, 2014 02:29 am JST
  • Thai Airways chairman steps away for senior cabinet role

    BANGKOK - Air Chief Marshal Prajin Juntong has resigned as chairman of Thai Airways International amid widespread expectations that he will assume a position - possibly deputy prime minister - in the unelected interim cabinet that is to be appointed

    August 18, 2014 10:35 pm JST
  • Thai baht hits 3 week high as economy avoids recession

    BANGKOK -- The Thai baht hit a three-week high against the dollar on Monday due to the better-than-expected economic data released that morning. Market participants see the military junta as having made some progress in putting the country's economy

    August 18, 2014 04:40 pm JST
  • Southeast Asian stocks strong on solid economies

    TOKYO -- Southeast Asian stocks have remained robust lately, with the Stock Exchange of Thailand's benchmark index hitting a year-to-date high Friday and the Philippine Stock Exchange composite index rising to its highest point in 14 months on Thurs

    August 18, 2014 02:00 pm JST
  • Digital terrestrial broadcasting spreads through SE Asia

    BANGKOK -- Digital terrestrial broadcasting is spreading across Southeast Asia, creating lucrative business opportunities for consumer electronics makers and growth opportunities for the TV content industry. Southeast Asia, home to 600 million p

    August 18, 2014 01:50 pm JST
  • Toyota, Honda cut sales targets in Thailand

    TOKYO -- Toyota Motor and Honda Motor have both downgraded their 2014 sales goals in Thailand, a market reeling from ongoing political chaos and the end of a tax-incentive program for new-car purchases. Toyota had originally forecast total deman

    August 16, 2014 03:27 am JST
  • Top Thai seafood company more than doubles profit

    BANGKOK -- Thai Union Frozen Products (TUF), the world's largest processor of canned tuna, announced Thursday that net profits for the first half of 2014 surged 240% year on year to 2.47 billion baht ($77 million) due to robust sales of well recogni

    August 15, 2014 10:22 pm JST
  • Itochu's surprise Thai tie-up part of aggressive growth strategy

    TOKYO -- Bold ambitions require bold strategies, as Masahiro Okafuji, President of Japanese trading house Itochu, demonstrated when he agreed to a cross-shareholding agreement with Thailand's Charoen Pokphand (CP) Group. For Japan's general trad

    August 15, 2014 07:00 pm JST