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  • TCC Group-Casino Group deal

    Thai conglomerate buys Big C for $3.4bn

    BANGKOK -- Marking its first full-fledged step into the retail market, Thai conglomerate Thai Charoen Corporation (TCC) Group, owned by alcohol tycoon Charoen Sirivadhanabhakdi, has agreed to buy a majority stake in supermarket operator Big C Superc

    February 8, 2016 05:27 pm JST
  • Infrastructure development

    Urban rail contracts up for grabs in emerging Asia

    BANGKOK -- Emerging Asian countries are launching a slew of urban rail projects, creating business opportunities for companies with advanced expertise and a willingness to shoulder some risk. Thailand plans to solicit bids for four new lines in

    February 8, 2016 07:00 am JST
  • Nikkei PMI

    Business services lead Asian growth in January

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for January showed increased business activity in 14 of the 19 industries monitored. Commercial and business services grew the strongest among all industries. Healthcare ser

    February 5, 2016 11:00 am JST
  • Chinese New Year

    Travel spending will likely cool amid economic slowdown

    GUANGZHOU, China -- The Chinese New Year is traditionally one of the country's biggest holidays for travel and spending, but a cloudy economic outlook could tighten purse strings this year. Some 2.9 billion people will travel over the month arou

    February 5, 2016 07:05 am JST
  • TPP

    Japan, US politics could push ratification back to 2017

    TOKYO -- The Trans-Pacific Partnership trade deal that was signed Thursday may not take effect until 2017 or later amid political roadblocks in Japan and the U.S., the two countries most crucial to the process. TPP members hope to expand the dea

    February 5, 2016 06:00 am JST
  • Thailand telecoms

    Stocks on roller coaster ride on post-auction uncertainty

    BANGKOK -- Telecom stocks in Thailand have been on a roller-coaster ride since the two auctions for fourth-generation spectrum space held late last year closed with record high prices. Shares of the second-largest mobile operator Total Access Co

    February 5, 2016 02:17 am JST
  • Japan's negative rates could be a bigger blessing for its neighbors

    Central banks across the world may be running low on ammunition, but the Bank of Japan has shown it may still have a few bullets left in its belts. BOJ Gov. Haruhiko Kuroda surprised markets again on Jan. 29 by pushing the deposit rate into negative

    February 4, 2016 12:00 pm JST
  • Chinese stocks get off to a rough start in January

    BANGKOK One of the factors behind the Bank of Japan's surprise move to push interest rates into negative territory was the turbulence hitting stock markets. This year got off to a tumultuous start in many markets. Asian stocks were no exceptio

    February 4, 2016 12:00 pm JST
  • A tale of two Thai banking strategies

    BANGKOK Last year was a tough one for Thailand's banks. Amid the economy's sluggish recovery, the combined net profit of the top four lenders fell for the first time since 2009, after the global financial crisis. Nonperforming loans ballooned and

    February 4, 2016 12:00 pm JST
  • Thailand's 'child angel' dolls blur the line between spiritual and quirky

    Many people might find something slightly disturbing about seeing adults playing with dolls, even more so if they are trying to feed their inanimate "offspring" in a restaurant or buckle them into an airline seat. But if that doll is also a religiou

    February 4, 2016 12:00 pm JST
  • Songkhla's 'birds of fortune' sing a rich tune

    BAAN TEEAN, Thailand Direk Dohdahsae, a former rice farmer, is a minor celebrity in this village in southern Thailand because of a life-changing decision he made 20 years ago. Proof of his stardom gleams from a tall glass cabinet stretching across

    February 4, 2016 12:00 pm JST
  • Adm. James Stavridis: Transparency and collaboration will reduce military tension in Asia

    We are at the start of a dangerous arms race in Asia as nations in the region respond to rising and more assertive military power in China and growing instability on the Korean Peninsula. And the American "Pacific pivot" is failing to gain traction

    February 4, 2016 12:00 pm JST
  • Malaysian stocks

    Fraser & Neave rises on strong quarterly profit

    SINGAPORE -- Shares of Malaysian beverage giant Fraser & Neave Holdings climbed Wednesday on news that net profit more than doubled in the October-December period. The issue ended up 1.53% at 18.56 ringgit, after reaching an approximate three-we

    February 4, 2016 01:00 am JST
  • Thai tourism

    Industry hopes Chinese New Year brings prosperity

    BANGKOK - With the Chinese New Year looming, Thailand's tourism industry is hoping that the Golden Week beginning Feb. 8 will give a boost to the only bright spot in the country's sluggish economy. State-owned Airports of Thailand, which operate

    February 3, 2016 09:50 pm JST
  • Interview with Krung Thai CEO

    State bank to muscle up at home before venturing aborad

    BANGKOK -- Taking the helm of a state-owned enterprise and turning it around is no easy task in a country with topsy-turvy politics like Thailand. But in his three years as CEO of Krung Thai Bank, Vorapak Tanyawong has made steady progress, includin

    February 3, 2016 01:00 pm JST
  • Zika virus case confirmed in Thailand

    BANGKOK (Kyodo) -- Thai authorities confirmed on Tuesday that a case of Zika virus had been reported in the country a week ago, amid growing global concern over the mosquito-borne infection. A man who had been hospitalized in Bangkok was found t

    February 3, 2016 12:02 am JST
  • True Corp.

    Thai mobile operator raising $1.68bn to fund 4G network

    BANGKOK -- Thailand's third-largest mobile service provider True Corp. said Monday that it plans to raise 60 billion baht ($1.68 billion) in capital through a rights issue to fund its fourth-generation (4G) network service. Shares closed down 7%

    February 2, 2016 06:43 pm JST
  • Contract manufacturing

    Sumitomo to lift electronic parts output in Southeast Asia

    TOKYO -- Sumitomo Corp. will expand Southeast Asian contract production of electronic parts amid expected growth in demand following the recent creation of a regional economic community. The Japanese trading house also seeks to turn earnings aro

    February 2, 2016 07:30 am JST
  • Overseas production

    Kobe Steel to make rods for autoparts at Thailand plant

    TOKYO -- Kobe Steel is proceeding with its plan to manufacture steel rods for automotive parts in Thailand starting in spring 2017. This will be the first time since the 1990s that a Japanese steelmaker has used an overseas base to manufacture this

    February 2, 2016 04:30 am JST
  • Frederic Neumann

    Kuroda's helping hand to Asia

    Central banks across the world may be running low on ammunition, but the Bank of Japan has shown that they may still have a few bullets left in their belts. BOJ Governor Haruhiko Kuroda surprised markets again on Jan. 30 by pushing the deposit rate

    February 1, 2016 09:00 pm JST