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  • Asia braces for wave of oil and gas M&A

    DENPASAR, Indonesia --Merger and acquisition activity in Asia's energy sector will accelerate this year as crude oil prices stabilize and major Western oil producers seek to divest assets in the region, analysts say.Royal Dutch Shell announced plans

    March 2, 2017 07:08 pm JST
  • 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 2, 2017 10:00 am JST
  • China's growing travel bug to support new casino projects

    China's large and growing traveling class is expected to provide strong demand for the Asian casino market in coming years.The number of overseas trips made annually by China's 1.36 billion people now equates to a market penetration rate of 9%. This

    March 2, 2017 10:00 am JST
  • India's Bharti Airtel snaps up Telenor's local unit

    NEW DELHI Bharti Airtel, India's largest telecom operator, has agreed to buy the Indian operations of Norway's Telenor, a move that will bolster its position in the face of stiff competition from Reliance Industries' newly launched wireless venture.

    March 2, 2017 10:00 am JST
  • Airport 'hit' strains North Korea's relationship with Southeast Asia

    KUALA LUMPUR The killing of Kim Jong Nam, the half brother of North Korean leader Kim Jong Un, is fraying Pyongyang's relationship with the Association of Southeast Asian Nations and threatening its access to the greater international community.At a

    March 2, 2017 10:00 am JST
  • Thailand's Central Group stepping up online retail game

    BANGKOK -- Thai retail giant Central Group aims to raise the share of its sales generated by e-commerce operations to 15% over five years, up from the current 1%.CEO Tos Chirathivat laid out the goal in presenting the company's annual business plan

    March 2, 2017 07:11 am JST
  • ASEAN PMI inches up to 50.3 in February

    TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, rose slightly to 50.3 in February from 50.0 in January.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. February's PMI re

    March 1, 2017 09:30 am JST
  • Thailand's PMI unchanged at 50.6 in February

    TOKYO -- The Nikkei Thailand Manufacturing Purchasing Managers' Index, or PMI, came in at 50.6 in February, unchanged from January's reading. A reading above 50 indicates economic expansion, while one below 50 points toward contraction. The latest f

    March 1, 2017 09:30 am JST
  • Thai Airways makes first net profit in 4 years

    BANGKOK -- After logging three consecutive years of net losses, Thai Airways International finally crawled back into the black in 2016, though the recovery was largely due to cheaper oil prices and lower restructuring costs rather than improved oper

    March 1, 2017 03:30 am JST
  • 'America first' era seen dealing a blow to Asia: JCER

    TOKYO -- If the U.S. decides to introduce what is being called a border adjustment tax system, it could end up pushing down economic growth rates in five Asian nations that the Japan Center for Economic Research studied.The five countries are China,

    February 28, 2017 10:45 pm JST
  • Asia needs $26tn for infrastructure through 2030: ADB report

    MANILA -- Asia will need $26 trillion of infrastructure investment in the 15 years from 2016 to 2030, said a report published on Tuesday by the Asian Development Bank.According to the report, titled Meeting Asia's Infrastructure Needs, the region ne

    February 28, 2017 01:23 pm JST
  • ADB says Asia needs to double infrastructure spending

    MANILA, Philippines (AP) - Developing countries in Asia and the Pacific will need to spend up to $1.7 trillion a year, or $26 trillion through 2030, to meet their infrastructure needs and to maintain the region's growth momentum, the Asian Developme

    February 28, 2017 12:35 pm JST
  • Mitsubishi, Nissan team up on logistics in Thailand

    MANILA -- Mitsubishi Motors has begun operating a joint logistics channel with Nissan Motor in Thailand and aims to take it global for groupwide cost savings, Mitsubishi Motors President Osamu Masuko said here Monday.Masuko was interviewed at a prod

    February 28, 2017 07:33 am JST
  • Banpu returns to black in 2016 on coal price rebound

    BANGKOK -- Banpu earned $47 million in consolidated net profit for 2016, Thailand's leading coal miner said Monday, rebounding from a $43 million loss the prior year thanks to higher coal prices.The company receives 90% of sales from the coal busine

    February 28, 2017 03:55 am JST
  • Japan's imperial couple headed to Vietnam

    TOKYO -- Emperor Akihito and Empress Michiko of Japan are traveling to Vietnam on Tuesday to promote goodwill before heading to Thailand to pay their respects to the country's former king.The entire trip will last seven days. This is Akihito's first

    February 28, 2017 02:00 am JST
  • Thai craft brewers take on Singha, Chang -- and the law

    BANGKOK -- The global craft beer wave is lapping at Thailand's shores, igniting a debate over strict rules that limit market access and brand independent brewers as outlaws.The Thai beer market is dominated by Boon Rawd Brewery and Thai Beverage, th

    February 27, 2017 07:00 pm JST
  • Mitsubishi Motors plots Southeast Asian expansion

    MANILA -- Mitsubishi Motors plans to broaden its dealership network by 20% and double its maintenance staff across the Philippines, Indonesia and Thailand by 2020, aiming to hone its edge in a region with bright growth prospects.Dealerships in the P

    February 27, 2017 04:35 am JST
  • Australia brings snake bite expertise to Myanmar

    BANGKOK -- Snake bites kill hundreds of people every year in Myanmar and leave thousands more with lifelong disabilities. Many could be saved if anti-venom treatments could be delivered faster, especially in rural areas, say experts. But decades of

    February 25, 2017 01:00 pm JST
  • Bangkok Airways plans 2 airports at home, abroad

    BANGKOK -- Thailand's regional airline Bangkok Airways is planning to develop two new airports -- one in Thailand and another elsewhere in Indochina -- to reach out to underserved or congested destinations in the region, President Puttipong Prasartt

    February 25, 2017 06:00 am JST
  • Japan, China play for 'swing states' in regional trade game

    TOKYO -- Top negotiators from 16 Asia-Pacific countries representing roughly half the world's population and around a third of global trade will meet in Kobe next week to discuss a trade deal that some, like Japan, hope will bear fruit amid the grow

    February 25, 2017 04:00 am JST