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  • Malaysia's biggest railway, China's biggest coup?

    KUANTAN, Malaysia -- A Chinese state-owned contractor broke ground Wednesday on Malaysia's largest railway project, symbolizing Southeast Asia's growing economic reliance on Beijing's financial clout and technological prowess.While the project is a

    August 9, 2017 09:28 pm JST
  • Asset write-down, lower revenue erode net profit at Petronas' shipping arm

    KUALA LUMPUR (Nikkei Markets) - MISC, the shipping arm of Malaysia's national oil company Petronas, said Wednesday its second-quarter net profit fell 58.7% on year, mainly due to write-down on assets, while revenue also declined.Net profit for the t

    August 9, 2017 07:41 pm JST
  • Australia ready to move forward on 'TPP 11': trade minister

    SYDNEY -- Despite America's withdrawal, members of the Trans-Pacific Partnership trade pact are focused on reaching an agreement for the 11 remaining countries, Australian Trade Minister Steve Ciobo said.Australia prefers the agreement stay as close

    August 9, 2017 11:30 am JST
  • ASEAN AT 50: Frederic Neumann

    At 50, ASEAN is still punching below its weight

    It is easy to dismiss the Association of Southeast Asian Nations as another international talking shop. But that would be a mistake. Over the last five decades, the organization has brought stability to a region all too often riven by tension and st

    August 9, 2017 10:00 am JST
  • Malaysia's Hartalega 1Q net profit nearly doubles on higher volume, better price

    KUALA LUMPUR (Nikkei Markets) - Malaysian glove maker Hartalega Holdings said Tuesday its net profit in the fiscal first quarter nearly doubled, mainly due to an increase in sales volume and higher average selling price.Net profit for three months e

    August 8, 2017 09:06 pm JST
  • ASEAN AT 50

    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

    August 8, 2017 04:06 pm JST
  • Malaysia's iflix bags $133mn in new funding

    KUALA LUMPUR -- Video-on-demand provider iflix has secured $133 million in a fundraising campaign, bringing the total funds raised in the current fiscal year ending Dec. 31 to over $220 million, the company said on Monday.It attracted Hearst, the U.

    August 8, 2017 02:34 pm JST
  • ASEAN AT 50: Mahathir bin Mohamad

    ASEAN is more than it may seem

    The world widely assumed that the Association of Southeast Asian Nations was an economic community like the European Economic Community when it came into being. It may look as if it is a regional economic grouping. But that was not the purpose behin

    August 8, 2017 10:00 am JST
  • US, Japan, Australia urge ASEAN to 'maximize pressure' on North Korea

    MANILA -- U.S., Japan and Australia on Monday urged the Association of Southeast Asian Nations to exert more pressure on North Korea over its nuclear ambitions and to make sure a planned code of conduct for maritime disputes is legally binding.In a

    August 8, 2017 12:11 am JST
  • ASEAN, Japan, China, South Korea agree to bolster financial cooperation

    MANILA (Kyodo) -- Foreign ministers from the 10 Association of Southeast Asian Nations members plus Japan, China and South Korea agreed Monday they will bolster financial cooperation to promote economic stability in the region.This year marks the 20

    August 7, 2017 03:23 pm JST
  • ASEAN AT 50: William Pesek

    ASEAN's awkward midlife crisis

    Trouble is brewing in the ranks of the Association of Southeast Asian Nations as Asia's only real economic grouping turns 50. Its midlife crisis will be hidden from view come November, when leaders of the 10 nations gather in Manila. There, they wil

    August 7, 2017 10:00 am JST
  • Chemicals sector grows fastest in July's Asia PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for July showed output growth in 15 of the 19 sectors monitored.Chemicals (54.7) marked the sharpest growth, followed by healthcare services (54.0) and beverages and food (53.8).On

    August 7, 2017 09:30 am JST
  • China looms ever larger over ASEAN as US steps back

    The Association of Southeast Asian Nations, which turns 50 on Tuesday, has seen its fair share of geopolitical changes, but the uncertainties of U.S. foreign policy under President Donald Trump make Chinese influence over the region more pervasive.A

    August 7, 2017 04:26 am JST
  • ASEAN alarmed by China's militarized South China Sea islands

    MANILA -- Southeast Asian countries have expressed concern over China's militarized artificial islands in the South China Sea but have reserved their opinions on whether a code of conduct for the disputed waters should be legally binding.Foreign min

    August 7, 2017 01:42 am JST
  • China's foreign minister says maritime code negotiations with ASEAN to start this year

    MANILA (Reuters) -- China's foreign minister said on Sunday negotiations between Southeast Asian countries and China on a code of conduct for the South China Sea would start this year, and whatever agreement is made must be adhered to.Wang Yi told r

    August 6, 2017 05:05 pm JST
  • ASEAN AT 50: Michael Vatikiotis

    For ASEAN, collective security is key to future

    The Association of Southeast Asian Nations was initially forged as a mechanism for managing collective security and so it is fitting that after a half century of existence, the organization should be judged on how successful it has managed the regio

    August 6, 2017 10:00 am JST
  • Vietnam defies China's maritime aggression

    MANILA -- Vietnam has emerged as Southeast Asia's loudest voice in resisting China's expansionist moves in the South China Sea.At a meeting of foreign ministers from the Association of Southeast Asian Nations that began here on Saturday, the Vietnam

    August 6, 2017 03:02 am JST
  • ASEAN firmly condemns North Korean missile tests

    MANILA -- Foreign ministers of the Association of Southeast Asian Nations (ASEAN) urged North Korea on Saturday to desist from raising tensions on the Korean Peninsula after the isolated communist nation successfully tested two long-range missiles l

    August 5, 2017 07:44 pm JST
  • Malaysia sees slower export growth in June

    KUALA LUMPUR -- Malaysia's exports in June expanded 10% year on year to 73.1 billion ringgit ($17 billion), slower than the 32.5% growth logged a month before, on reduced shipments across major products.Exports of electrical and electronic (E&E) pro

    August 4, 2017 08:57 pm JST
  • Singapore stocks little changed while Malaysia shares post third weekly gains

    SINGAPORE (Nikkei Markets) -- Singapore stocks ended little changed this week as investors digested a mixed set of earnings. Mobile operator Axiata Group helped Malaysia shares clinch their third straight week of advance.Singapore's FTSE Straits Tim

    August 4, 2017 07:30 pm JST