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  • 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
  • ASEAN and beyond: AirAsia spreads its wings

    KUALA LUMPUR -- AirAsia, the region's largest budget carrier by fleet size, has a unique operational structure that aided its expansion over the past 16 years. Headquartered in Malaysia, it spread its wings from India to Japan, and will soon also en

    July 27, 2017 10:52 pm JST
  • Tenaga Nasional's third quarter net profit slips 15% on year, tax charges weigh

    KUALA LUMPUR (Nikkei Markets) - Tenaga Nasional, Malaysia's national electricity company, said Thursday its fiscal third quarter net profit fell 15% from a year earlier largely due to an increase in deferred tax expense.Net profit for the three mont

    July 27, 2017 10:01 pm JST
  • At 50, ASEAN is reaping the rewards of economic integration

    BANGKOK The Association of Southeast Asian Nations marks its 50th anniversary on Aug. 8. Over the decades, its purpose has shifted from fighting communism to fostering economic cooperation. ASEAN's rules and infrastructure facilitate trade and help

    July 27, 2017 10:00 am JST
  • ASEAN needs more cohesion to stand on its own

    ASEAN leaderships need a moment of reflection. We are seeing strong anti-globalization sentiment and failures of multilateral arrangements in the West. This certainly dents ASEAN's drive for more openness and more integration. Even before such globa

    July 27, 2017 10:00 am JST
  • Then and now: ASEAN by the numbers

    The 10 members of the Association of Southeast Asian Nations have grown steadily richer in recent decades, with gross domestic product per capita rising eightfold between 1980 and 2016. Can the region continue its march toward prosperity?

    July 27, 2017 10:00 am JST
  • ASEAN is looking good, but now looking up to China and India

    TOKYO The first 50 years of the Association of Southeast Asian Nations should be regarded as an overall success, but its future is anything but certain. Sandwiched between China and India, ASEAN could find itself overwhelmed economically by these tw

    July 27, 2017 10:00 am JST
  • Ever-adaptable ASEAN confronts new tests

    BANGKOK On Aug. 9, 1967, The New York Times reported the signing of the Bangkok Declaration to inaugurate the Association of Southeast Asian Nations. The brief, 80-word article on the declaration -- inked the previous day by five founding foreign mi

    July 27, 2017 10:00 am JST
  • AirAsia quenches Asia's thirst for budget travel

    KUALA LUMPUR AirAsia's phenomenal growth is far from over. The superstar of cheap air travel in Asia is already the Association of Southeast Asian Nations' largest budget airline by fleet size after having leveraged its hub-and-spoke model to connec

    July 27, 2017 10:00 am JST
  • ASEAN must stay out of great-power tussles in Asia

    The post-Cold War 1990s were a peaceful era in Asia. All the great powers were benign and the Sino-U.S. relationship was good. China still needed help from other countries, including ASEAN members.Today, we are back in the age of great-power rivalri

    July 27, 2017 10:00 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
  • Carmakers helped foster ASEAN's growth: Ex-Nissan COO

    TOKYO In the 1980s, fewer than 500,000 cars were sold in the ASEAN region annually. In 2016, the figure was more than six times higher, at 3.2 million. The initially modest size of the auto market in Southeast Asia led to a unique division of labor

    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
  • MMC Corp aims to list port business by next year-end or early 2019

    KUALA LUMPUR (Nikkei Markets) - MMC Corporation, a Malaysian utilities and infrastructure company, is aiming to list its ports business by next year-end or in early 2019, its top official said Wednesday.The ports business is still undergoing restruc

    July 26, 2017 08:18 pm JST
  • ASEAN AT 50

    ASEAN integration evolved with auto industry's value chain: Nissan ex-COO

    TOKYO -- Automobiles have become a key industry among members of the Association of Southeast Asian Nations, with over 3 million new cars sold in 2016. Behind this expansion in the past decades has been the region's efficient division of labor. In a

    July 26, 2017 08:00 pm JST
  • Malaysia's Petronas cancels $28bn LNG project in Canada

    KUALA LUMPUR -- Malaysia's state-owned Petroliam Nasional (Petronas) has scrapped its plan to build liquefied natural gas facilities in Canada for export to Asia, citing unfavorable market conditions to proceed with the project, which also involves

    July 26, 2017 07:50 pm JST
  • China's Wanda downplays interest in Bandar Malaysia project

    KUALA LUMPUR/DALIAN, China -- Dalian Wanda Group, a Chinese property developer, has downplayed its interest in the $1.7 billion Bandar Malaysia urban development in Kuala Lumpur after mounting supervision by Chinese authorities on the company's busi

    July 26, 2017 07:42 pm JST
  • Public Bank’s 2Q net profit rises 6% on higher interest income, fee

    KUALA LUMPUR (Nikkei Markets) - Public Bank, Malaysia's third-largest bank by assets, said its second quarter net profit grew 6% from a year earlier thanks to higher net interest income and fees while loan impairment allowance fell.Net profit for th

    July 25, 2017 08:43 pm 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
  • Japan to keep reduced tariffs on imports from China, Brazil

    TOKYO -- Japan's Finance Ministry plans to expand the preferential tariff program as early as fiscal 2019 to prevent a spike in import levies on goods from China and other key trade partners.The expansion would cover roughly 600 items from emerging

    July 25, 2017 06:45 am JST