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  • Double Dip Asia300

    China's chill hits banks' bottom lines

    TOKYO -- Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8%

    March 9, 2017 05:10 pm JST
  • Alex Trott and Piercarlo Gera

    Asia can lead the way in bringing robotics to banking

    Financial services companies in Asia looking to streamline costs to maintain profitability and boost dividends to shareholders have a new tool at their disposal that also appeals to customers: robots.Perhaps the most high-profile robot in Asian bank

    March 9, 2017 05:00 pm JST
  • Over 1 in 4 people in Asia pay bribes for public services

    TOKYO -- More than one in four people in Asia paid a bribe to receive basic public services such education or health care, according to a a recent survey by the anti-graft group Transparency International.The survey -- which covered 21,861 people ac

    March 9, 2017 01:00 pm JST
  • Double Dip Asia300

    Asia Inc. stumbles through two years of profit shrinkage

    BANGKOK -- In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later,

    March 9, 2017 10:00 am JST
  • Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is stil

    March 9, 2017 10:00 am JST
  • China's chill hits banks' bottom lines

    TOKYO Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8% co

    March 9, 2017 10:00 am JST
  • Asian companies try to shake off two years of weaker profits

    BANGKOK In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later, th

    March 9, 2017 10:00 am JST
  • Protests upend a coal-fired power plant in southern Thailand

    BANGKOK Plans to build a coal-fired power plant in Thailand's southern Krabi Province have hit a snag, due to opposition from local fishermen and residents worried about pollution.Prime Minister Prayuth Chan-ocha told reporters at his office, Govern

    March 9, 2017 10:00 am JST
  • Asian PMI readings paint a mixed picture

    TOKYO Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point from J

    March 9, 2017 10:00 am JST
  • ADB report poses $26tn question for Asia

    MANILA Back in 2009, the Asian Development Bank estimated the region would need $8 trillion worth of infrastructure investment between 2010 and 2020. Now, for the 15 years from 2016 to 2030, the bank reckons $26 trillion is in order to sustain curre

    March 9, 2017 10:00 am JST
  • Asian PMI readings paint a mixed picture

    TOKYO -- Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point fro

    March 8, 2017 05:00 pm JST
  • Southeast Asian auto sales off to smooth start in 2017

    JAKARTA -- New-automobile sales climbed 5% on the year to 249,729 vehicles in six key Southeast Asian markets this January, growing in all except Vietnam, industry figures show.Indonesia's tally rose 1% to 86,252, continuing an uptrend that began la

    March 8, 2017 11:00 am JST
  • Siam Cement acquires Vietnam plant in ASEAN push

    BANGKOK -- Siam Cement Group has acquired several cement plants in central Vietnam, Thailand's largest materials company said Tuesday, a move that boosts overseas production capacity by 40%.The company acquired the entire stake in Vietnam Constructi

    March 8, 2017 02:45 am JST
  • Strong baht a mixed blessing

    SINGAPORE -- The Thai baht has been trending higher recently, lifted by an improved external balance due to a rapid increase in current-account surplus. At first glance, a strong baht may hint at robustness in the Thai economy, but it is also the re

    March 7, 2017 07:00 pm JST
  • Foreign tour shows soft power of symbolic monarch

    TOKYO -- Emperor Akihito and Empress Michiko received an enthusiastic welcome at each stop they made during a seven-day tour of Vietnam and Thailand, highlighting the key role the royal couple play by generating good will and bringing attention to f

    March 7, 2017 05:40 am JST
  • Japan's imperial couple pays tribute to late Thai king

    BANGKOK -- When Japan's Emperor Akihito and Empress Michiko offered a bouquet at the coffin of the late Thai King Bhumibol Adulyadej, Akihito appeared pensive as he fixed his gaze at the altar for a while.It was a sober moment when Akihito's friend

    March 6, 2017 03:53 pm JST
  • Place your bets

    New frontiers for a new breed of casino operator

    HONG KONG Casino gambling has always been a cross-border business in Asia.The many gaming parlors of Macau, the region's oldest casino hub, could hardly have survived for so many decades just serving the small territory's population, today barely a

    March 6, 2017 10:00 am JST
  • New Thai king receives Japanese emperor

    BANGKOK -- Thailand's new king received Emperor Akihito and Empress Michiko of Japan on Sunday, granting his first audience with a foreign head of state since he acceded to the throne following the death of his father, King Bhumibol Adulyadej, on Oc

    March 6, 2017 05:20 am JST
  • Paul Donovan

    Gold is a poor inflation hedge

    Across the world, investors are slowly coming to terms with the return of inflation. U.S. consumer price inflation was negative at the start of 2015. U.S. consumer prices are now rising 2.5% compared to a year earlier, and the rate of inflation is h

    March 5, 2017 01:00 pm JST
  • Kasikornbank offering local settlement for ASEAN currencies

    BANGKOK -- On the back of growing regional trade, Kasikornbank, Thailand's fourth-largest lender by assets, has expanded its local currency settlement services to cover all currencies of members of the Association of Southeast Asia Nations and its t

    March 2, 2017 11:53 pm JST