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  • Nikkei Asia300 index falls on technology stocks, almost erases weekly gains

    HONG KONG (Nikkei Markets) -- Technology stocks led Asian equities outside Japan lower on Friday, wiping off most of the accumulated gains for the week triggered by bets slowing inflation would prompt the U.S. Federal Reserve to hold back further ra

    July 28, 2017 08:52 pm JST
  • Japanese trading houses juice up power plant operations

    TOKYO -- Japan's big trading houses are adding more staff to their power plant construction operations to meet growing demand in Asia and Africa and to gain an edge over their Chinese and South Korean rivals.Marubeni plans to increase staffing in Ba

    July 28, 2017 11:59 am JST
  • ASEAN AT 50

    In search of ASEAN 'champions'

    TOKYO -- Despite proving to be a unique and successful development model, ASEAN is lacking in the innovation department. This is how Fukunari Kimura, a professor of trade and development economics at Japan's Keio University, sees the region. He rece

    July 28, 2017 10:55 am JST
  • Southeast Asian companies find ideal partners -- each other

    JAKARTA With their bright red and yellow signage, the Alfamart convenience stores sprouting up in Manila and other Philippine cities are hard to miss. But what really sets them apart is their parentage: In a market dominated by Japanese brands like

    July 27, 2017 10:00 am JST
  • Lazada guiding parent Alibaba's Southeast Asian offensive

    HONG KONG -- Online retailer Lazada is working with parent Alibaba Group Holding to bring the Chinese heavyweight's popular online marketplace and suite of digital services to shoppers across Southeast Asia.The Singapore-based e-tailer added a new s

    July 27, 2017 12:35 am JST
  • Aging Asia's trillion-dollar business opportunity

    As Asia ages, businesses catering to the elderly are swelling along with the demographic. So alluring is the growth potential that even companies with no prior experience in this segment are rushing in, from property developers to newspaper operator

    July 26, 2017 11:59 am JST
  • Chinese tech companies take the lead in battle for Southeast Asia

    SINGAPORE -- The $2 billion investment by China's Didi Chuxing and Japan's SoftBank Group into Southeast Asian riding-hailing company Grab marks a new record for venture fundraising in the region. But it may be surpassed sometime soon as Chinese tec

    July 25, 2017 11:06 am JST
  • Fintech factor key to Southeast Asian banks' growth

    BANGKOK Southeast Asia's banking industry must embrace the digital revolution, including the rise of fintech, to seize opportunities to cater to the region's growing middle class, business leaders said at a panel session of the forum.One of the keys

    July 20, 2017 10:00 am JST
  • Asia a bright spot in an uncertain world, say ASEAN business leaders

    BANGKOK Growing protectionist sentiment in the West and a volatile security situation in the Middle East have made Asia into a relative bright spot in an otherwise bleak global environment, according to participants at a business forum in the Thai c

    July 20, 2017 10:00 am JST
  • Mandiri aims to tap Singapore asset pool uncovered in tax hunt

    JAKARTA -- Bank Mandiri, Indonesia's largest state-owned lender, on Wednesday said it is seeking to establish a private banking business in Singapore. The move comes amid a global crackdown on tax evasion that has exposed vast Indonesian wealth park

    July 19, 2017 11:45 pm JST
  • Indonesia's Telkom partners up to give customers new ways to pay

    JAKARTA -- Telekomunikasi Indonesia, the country's largest telecommunications company, on Wednesday said it is planning partnerships with e-commerce sites to boost the sales of its pay-TV and home broadband bundles.Telkom, as the company is known, a

    July 19, 2017 09:43 pm JST
  • Gianfranco Casati: Digital readiness can make all the difference for emerging Asia

    Forecasting the success or failure of emerging markets is a tricky game. Attempts have seen the creation of acronyms like BRICs and MINTs, and such markets have been the source of dreams dating back to Marco Polo. For every index that suggests renew

    July 13, 2017 10:00 am JST
  • FT Confidential Research

    Asean-5 survey shows little faith in political leaders

    Citizens across the Asean region see little cause for confidence in their governments, according to FTCR's Asean Political Sentiment Indices for the second quarter of this year.The index fell in three of the five countries surveyed, with only the Ph

    July 13, 2017 09:00 am JST
  • Bank Mandiri invests in cashless payment startup

    JAKARTA -- The venture capital unit of Indonesia's largest lender by assets, Bank Mandiri, on Wednesday said it is leading a $2 million funding round for local financial technology startup Cashlez, which claims to offer a portable, more user-friendl

    July 13, 2017 02:16 am JST
  • Bank Mandiri to expand in Malaysia as first 'ASEAN bank'

    JAKARTA -- Bank Mandiri will expand operations in Malaysia by using its newly awarded status as a cross-regional lender, Indonesia's largest state-owned bank said Thursday.Mandiri said it is the first bank in the region to be designated a qualified

    July 7, 2017 01:21 am JST
  • What doomed the 7-Eleven Indonesian adventure?

    JAKARTA When 7-Eleven convenience stores began popping up in Indonesia in 2009, they certainly looked like they would be a success. The stores stayed busy and local operator Modern Internasional made plans to expand the chain's reach outward from Ja

    July 6, 2017 10:00 am JST
  • Gianfranco Casati

    Digital readiness can sustain growth of emerging Asia

    Forecasting the success or failure of emerging markets is a tricky game. Attempts have seen the creation of acronyms like BRICs and MINTs. They have been the source of dreams dating back to Marco Polo. For every index that suggests renewed optimism

    July 5, 2017 09:00 am JST
  • Why 7-Eleven is closing in Indonesia

    JAKARTA -- 7-Eleven convenience stores looked like a success in Indonesia when they began popping up in 2009. The stores stayed busy and local operator Modern Internasional began to gradually expand the chain's reach outward from Jakarta.But come Fr

    June 29, 2017 03:48 pm JST
  • Ramadan fails to goose Indonesian retailers' sales

    JAKARTA -- In Indonesia, Ramadan is the most important time of year for retailers as many consumers descend on shopping malls and other locations with bonuses that are paid during the Islamic holy month.The period of dawn-to-sunset fasting came to a

    June 28, 2017 04:57 pm JST
  • Indonesian e-tailer offers top fashion at rock-bottom prices

    JAKARTA -- Indonesian online fashion store VIP Plaza has become the country's go-to site for top brands at rock-bottom prices.Inside an old building on a busy Jakarta street, a Western model poses for a photo shoot. The eponymous company behind the

    June 27, 2017 10:33 am JST