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  • Southeast Asia's midnight feasters give businesses plenty to feed on

    SINGAPORE -- Restaurants and supermarkets in Southeast Asia are pushing into the late-night consumption market. Jollibee, a major Philippine fast food chain, has turned nearly 30% of its stores into around-the-clock shops. In Thailand, where a n

    July 3, 2014 12:00 am JST
  • AirAsia returning to Japan -- this time with aircraft-loving corporate partners

    TOKYO -- Malaysia's AirAsia, the top budget airline in Asia, announced Tuesday that it has established AirAsia Japan to re-enter the Japanese market. Four Japanese companies, including e-tailer Rakuten, cosmetics maker Noevir Holdings and sporti

    July 2, 2014 07:00 pm JST
  • Malaysia issues record $1B sukuk in first half: Moody's

    KUALA LUMPUR -- Asset growth-induced capital funding has led to a record issuance of ringgit-denominated sukuk amounting to 3.25 billion ringgit ($1 billion) in the first half of 2014 by the Malaysian Islamic banking industry, according to Moody's I

    July 2, 2014 02:40 pm JST
  • What Asia's love of rhino horn means for global security

    If you ever want to buy a secondhand AK-47 and ammunition, it will set you back about $500 on the black market in northern Thailand. Short of cash? Try selling some rhinoceros horn. Just a 500-gram chunk of rhino horn, easily carried in a trouse

    July 2, 2014 01:00 pm JST
  • Budget carrier AirAsia to re-enter Japanese market

    TOKYO -- AirAsia, the region's top low-cost carrier, announced Tuesday that it will start flying domestic routes in Japan next summer, returning to a market it exited in 2013. AirAsia Chief Executive Officer Tony Fernandes told a news conference

    July 2, 2014 12:56 am JST
  • Malaysia Airlines in disarray over turnaround options

    SINGAPORE -- Malaysia Airlines has plunged into disarray over its ongoing turnaround. While its stock price responds nervously to various turnaround proposals, the national flag carrier is not presenting a specific plan, failing to chart a clear pat

    July 1, 2014 07:00 pm JST
  • Malaysia's RHB Capital halts plan to buy Indonesian bank

    KUALA LUMPUR -- Malaysian lender RHB Capital has decided to give up its plan to buy 40% of Bank Mestika Dharma of Indonesia. Citing failure to obtain approval from the Indonesian authority, RHB Capital has canceled the 651 million ringgit ($203

    July 1, 2014 04:16 pm JST
  • Noevir, Alpen to invest in new AirAsia subsidiary

    TOKYO -- Cosmetics producer Noevir Holdings and sporting goods vendor Alpen will invest in a new company established by Malaysian low-cost carrier AirAsia in preparation for its re-entry into the Japanese market, according to sources familiar with t

    July 1, 2014 02:27 am JST
  • Chinese investment fund aims to spread wealth, sustainability in Asean

    China sees its relationship with the 10-member Association of Southeast Asian Nations as strategically reciprocal. The recent proposal by President Xi Jinping to forge a regional grouping called the China-Asean Community of Common Destiny marks a ne

    June 30, 2014 06:00 pm JST
  • Japanese hot-cold dessert to debut in Taiwan, Philippines

    HAMAMATSU, Japan -- Cornet will expand into the Philippines and Taiwan by next spring through franchise arrangements, marketing its frozen confections to middle-class and wealthy consumers. The Ice Cornet, the company's mainstay product, is a sp

    June 30, 2014 01:00 pm JST
  • Rakuten, AirAsia look to shake up status quo with new tie-up

    TOKYO/SINGAPORE -- Rakuten, Japan's largest e-tailer, and Malaysian budget airline AirAsia may seem to have little to do with each other, but their decision to form a partnership suggests their respective leaders, Hiroshi Mikitani and Tony Fernandes

    June 28, 2014 02:18 am JST
  • Panasonic to give broader authority to Asian operations

    OSAKA -- Panasonic will establish a new company to oversee its entire Asian consumer electronics operation next April, a move aimed at localizing product development and shifting decision-making power. President Kazuhiro Tsuga made the announcem

    June 27, 2014 02:40 am JST
  • Rakuten to buy into AirAsia's Japan subsidiary

    TOKYO -- Rakuten, the big Japan-based e-tailer, will acquire an equity stake in a Japanese subsidiary of AirAsia, Asia's largest low-cost carrier, sources said Thursday. AirAsia CEO Tony Fernandes and Rakuten CEO Hiroshi Mikitani are to announce

    June 26, 2014 02:00 pm JST
  • Middle East, Asia airports jockeying for status of global hub

    LONDON -- Airports in the Middle East and Asia are increasing their presence with a large and growing number of international passengers and massive facility capacities, signaling a major shift in the gateway to the world from the West to the East.

    June 26, 2014 01:00 pm JST
  • Malaysian stocks remain high on 7-Eleven IPO

    KUALA LUMPUR -- Malaysian stocks have remained high of late. The FTSE Bursa Malaysia Kuala Lumpur Composite Index fell 0.1% to close at 1,889.55 on Wednesday. It was nearly the same level as the record high set the previous day. Despite negative fac

    June 26, 2014 01:00 pm JST
  • Corporate strategy offers food for thought

    Nestle, already the largest food company in the world, is searching for new ways to grow in emerging and developed markets. What is Nestle's secret? Acquisitions, innovations, portfolio management, long-term thinking and, perhaps most importantly, d

    June 26, 2014 12:00 am JST
  • The global food business reshuffles

    BANGKOK --Nestle has established a solid foothold in Asia over its century long presence in the region. However, its rivals have not been standing still. Not only are traditional sector counterparts from developed economies such as the U.S. and Japa

    June 26, 2014 12:00 am JST
  • Malaysia's halal appetite provides opportunity

    KUALA LUMPUR -- Nestle Malaysia is the global operator's authority on everything halal. It initiated halal production in the early 1970s, a decision that predated the Malaysian government's 1994 introduction of a unified certification system to regu

    June 26, 2014 12:00 am JST
  • Malaysia Airlines down but not bust

    SUBANG, Malaysia -- With passenger confidence still reeling from the unexplained loss of Flight MH370 in early March -- and all 239 people on board -- loss-making Malaysia Airlines says declaring bankruptcy is not an option. Some analysts have s

    June 25, 2014 10:00 pm JST
  • Wilmar's Ethiopian venture raises African profile

    SINGAPORE -- Wilmar International, one of the world's largest owners of palm oil plantations, is entering Ethiopia in a 50% joint venture with Repi Soap and Detergent. Africa is developing as a key market for the Singapore-based company. Ethiopi

    June 23, 2014 09:36 pm JST