Search results

Results 1 - 20 of 1331
  • Nikkei Asia300 Index falls as North Korea tensions resurface

    MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Friday as North Korea's threat of a hydrogen bomb test exacerbated tensions surrounding the region, hurting investor appetite.The Nikkei Asia300 Index lost 1% to end at 1,313.72. For the we

    September 22, 2017 08:53 pm JST
  • Lotte Chemical probes Johor facility fire after minor damage

    KUALA LUMPUR (Nikkei Markets) -- Lotte Chemical Titan Holding, the Malaysian unit of South Korea's petrochemical giant Lotte Chemical, said Thursday it is probing the cause of a fire at its so-called TE3 Project site that caused minor damage.The com

    September 21, 2017 07:35 pm JST
  • Export growth brings currency headaches for Asia

    SINGAPORE/MUMBAI Pasir Panjang, a port in southern Singapore, is bustling with activity. Total container throughput in August rose 9.9% on the year to 2.94 million TEUs (twenty-foot equivalent units), according to the Maritime and Port Authority of

    September 21, 2017 10:00 am JST
  • Chinese makers offer Asia what Apple doesn't: Affordability

    BANGKOK On a recent Saturday morning, the MBK Center, a regional mecca for electronic gadgets in the heart of the Thai capital, was crowded with young technology buffs. Just days earlier, Apple had unveiled its iPhone X, but despite the worldwide bu

    September 21, 2017 10:00 am JST
  • Mitsubishi UFJ Financial Group exits CIMB Group

    KUALA LUMPUR (Nikkei Markets) - Mitsubishi UFJ Financial Group as part of a group-wide review of investments in affiliates sold its entire 4.6% stake held in CIMB Group Holdings, Malaysia's second-largest lender by assets for 2.56 billion ringgit ($

    September 20, 2017 07:28 pm JST
  • Chinese bike-share operators making tracks for Southeast Asia

    SINGAPORE/BANGKOK -- Chinese bike-sharing startups Mobike and Ofo are expanding to several Southeast Asian countries, betting that the push by local governments to encourage cycling will overcome the region's structural barriers against the mode of

    September 20, 2017 10:30 am JST
  • Malaysian telecom tower operator ups ante in South Asia

    KUALA LUMPUR -- Telecommunications tower operator edotco Group sees potential in less developed markets in South and Southeast Asia and is targeting countries with low mobile penetration.The group is seeking growth by strengthening its foothold in t

    September 19, 2017 10:28 pm JST
  • Asia foreshadows rise of Chinese smartphones as iPhone X unveiled

    BANGKOK -- On Saturday morning the MBK Center, a regional electronic gadget Mecca in the heart of the Thai capital, was crowded with young technology buffs after the unveiling of the iPhone X, the latest smartphone model from Apple. Yet despite the

    September 18, 2017 01:00 pm JST
  • AirAsia to float Philippine unit for $250 million in 2018

    KUALA LUMPUR/MANILA -- AirAsia, Southeast Asia's largest budget airline by fleet size, plans to raise up to $250 million in an initial public offering of Philippines AirAsia, "as soon as possible" in 2018, its transaction adviser told the Nikkei Asi

    September 15, 2017 08:20 pm JST
  • Malaysian state-run money managers aim to invest more abroad

    KUALA LUMPUR (Nikkei Markets) - Malaysia's two largest state-run money managers aim to invest more in foreign assets including those in the U.S. as part of their long-term diversification program and generate higher returns.Employees Provident Fund,

    September 15, 2017 07:45 pm JST
  • Astro Malaysia's quarterly earnings nearly doubles on year

    KUALA LUMPUR (Nikkei Markets) - Pay-television operator Astro Malaysia Holdings said Thursday its net profit nearly-doubled on year in the fiscal second quarter thanks largely to lower content costs and unrealized foreign exchange gain.Net profit fo

    September 14, 2017 08:38 pm JST
  • Malaysia's Genting dreams of ski paradise in China

    KUALA LUMPUR Tropical Malaysia will never host the Winter Olympics, but for the family behind local conglomerate Genting, Beijing is looking to be the next-best choice.The International Olympic Committee awarded the 2022 Winter Games to the Chinese

    September 14, 2017 10:00 am JST
  • Najib meets Trump, promises to buy more Boeing planes, GE engines

    WASHINGTON -- Malaysian Prime Minister Najib Razak on Tuesday promised U.S. President Donald Trump that his country's airlines will buy more aircraft and engines from U.S. companies, in a meeting at the White House.Trump said he hopes that trade bet

    September 13, 2017 01:23 pm JST
  • Malaysia's August palm oil stockpile rises again

    KUALA LUMPUR (Nikkei Markets) - Malaysia's palm oil stockpile rose further in August to its highest in more than a year and supply may continue to outpace demand, keeping a lid on prices in the months ahead.Inventory expanded 9% in August from a mon

    September 12, 2017 08:25 pm JST
  • Countries grapple with perplexing RCEP puzzle

    SINGAPORE -- Although the Regional Comprehensive Economic Partnership has been hailed as the new flag-bearer for free trade in light of the U.S. withdrawal from the Trans-Pacific Partnership, its 16 negotiating members are struggling to meet their o

    September 12, 2017 02:24 am JST
  • Japan's discount eyewear chains envision wider future in Asia

    TOKYO -- Japanese discount eyewear makers are expanding into the larger Asian market, as Owndays rolls out new stores in Thailand while Zoff looks to open its first location in Hong Kong with Convenience Retail Asia, an affiliate of Li & Fung.Eyegla

    September 10, 2017 04:30 pm JST
  • AirAsia to sell six-to-seven more non-core assets

    KUALA LUMPUR (Nikkei Markets) - Malaysian budget carrier AirAsia may sell six-to-seven more non-core assets as part of its monetization program, its group chief executive said Friday.Analysts said the disposals, if carried out, could generate additi

    September 8, 2017 07:52 pm JST
  • CIMB gets broker's license for Chinese partner

    KUALA LUMPUR -- CIMB Group Holdings is about to acquire a stockbroker's license for a Chinese partner.The license belongs to Jupiter Securities, a small brokerage that a CIMB Group unit has agreed to purchase for 55 million ringgit ($13 million). On

    September 7, 2017 07:56 pm JST
  • Genting's quest for Chinese Olympic gold

    KUALA LUMPUR -- Tropical Malaysia will never host the Winter Olympics, but for the family behind local conglomerate Genting, Beijing is looking to be the next-best choice.The International Olympic Committee awarded the 2022 Winter Games to the Chine

    September 2, 2017 05:00 pm JST
  • CEO in the news: Malaysia Airlines' CEO keeping turnaround afloat

    KUALA LUMPUR Pak Ali, a durian peddler in the Mont Kiara suburb of Kuala Lumpur, has an affection for Malaysia Airlines. It's one of his country's treasures, he feels. When the national flag carrier in May 2016 announced a plan to change cabin crew

    August 31, 2017 10:00 am JST