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  • Maybank profit drops

    Malaysia's biggest bank hit by lower non-interest income

    KUALA LUMPUR -- Malayan Banking (Maybank), Malaysia's largest bank by assets, has announced its net profit for July-September fell 8% on the year to 1.61 billion ringgit ($481 million). It attributed the drop to lower non-interest income and a weake

    November 27, 2014 11:27 am JST
  • Singapore Airlines prepares to fight back

    SINGAPORE -- Singapore Airlines, one of Asia's top airlines in terms of market capitalization, faces multiple challenges. Budget airlines have made Asia's skies overcrowded, and pressure is mounting in the luxury class segment because of ambitious M

    November 27, 2014 12:00 am JST
  • NAR Bangkok forum

    Localization, globalization keys to expansion, says Bank of Ayudhya CEO

    BANGKOK -- Localization of management and globalization of local employees are essential when expanding into foreign markets, said Noriaki Goto, CEO of Bank of Ayudhya, Thailand's fifth largest bank by assets, which was acquired by Japan's largest b

    November 26, 2014 10:00 pm JST
  • NAR Bangkok forum

    Can AEC overcome national interests and combine strengths? Yes, say auto bosses

    BANGKOK -- Three leaders of the region's automotive industry gave the ASEAN Economic Community grades of 8, 7 and 6 at the Nikkei Asian Review Forum in Bangkok on Wednesday. When asked how the AEC, to be launched at the end of 2015, is progressing,

    November 26, 2014 09:30 pm JST
  • NAR Bangkok forum

    GM seeks greater foothold in ASEAN market

    BANGKOK -- The upcoming ASEAN Economic Community could enhance the competitiveness of non-Japanese automakers despite their current smaller market share, according to Tim Zimmerman, president of General Motors' South East Asia Operations. He suggest

    November 26, 2014 08:10 pm JST
  • NAR Bangkok forum

    Nissan sees growth opportunity in ASEAN Economic Community

    BANGKOK -- The launch of the ASEAN Economic Community at the end of 2015 will offer the automobile industry a unique opportunity to reduce logistics costs and create a strategic production base, Toshiyuki Shiga, vice chairman of Nissan Motor, said a

    November 26, 2014 06:50 pm JST
  • IHH's solid growth

    Malaysian hospital group attracts international patients

    KUALA LUMPUR -- IHH Healthcare said its net profit for July-September soared 26% on the year to 147 million ringgit ($44 million). The increase was attributed to a rise in the number of patients, particularly those from outside the company's traditi

    November 26, 2014 02:25 pm JST
  • Malaysia's railways

    China jockeys for $48 billion in rail projects

    KUALA LUMPUR -- China is supplying six new trains to Malaysia with hopes of bigger deals to come as the Southeast Asian country expands its urban transportation system. Malaysia's Express Rail Link signed a sales agreement on Tuesday with Changc

    November 25, 2014 07:55 pm JST
  • Axiata profits swell

    Malaysia telecom leader benefits from divesting Samart

    KUALA LUMPUR -- Axiata Group, the leader in Malaysian mobile communications, said on Monday that profits for the July-September quarter swelled 118% to 757 million ringgit ($226 million) year on year due to a one-off gain from a major divestment.

    November 24, 2014 07:07 pm JST
  • Singapore Airlines fights back

    The legacy carrier looks for new niches

    SINGAPORE -- Singapore Airlines, one of Asia's top airlines in terms of market capitalization, faces multiple challenges. Budget airlines have crowded Asia's skies, and pressure is mounting in the luxury class segment because of ambitious Middle Eas

    November 24, 2014 01:37 pm JST
  • Halal medicine

    Drugmakers seek new opportunities in Islamic world

    DUBAI -- As the population and economic clout of the Muslim world continues to grow, pharmaceutical companies are putting more effort into developing medicines that comply with Islamic law. Demand for advanced medical treatment has been growing

    November 21, 2014 07:00 pm JST
  • $400M Vietnam oil deal

    Malaysia's SapuraKencana buying 3 offshore blocks from Petronas

    KUALA LUMPUR -- SapuraKencana Petroleum announced it is acquiring three offshore oil-production blocks in Vietnam for $400 million from Malaysian state oil company Petronas. Through the move, SapuraKencana, Malaysia's largest upstream oil and ga

    November 21, 2014 02:25 pm JST
  • Panasonic in Southeast Asia

    Marketing power storage, surveillance systems to local businesses

    JAKARTA -- Panasonic will step up marketing to corporate customers in Southeast Asia, pursuing big contracts for power systems that combine storage and solar batteries, and surveillance equipment. System engineers and marketing personnel in char

    November 21, 2014 06:24 am JST
  • Exporting karaoke

    Koshidaka to ramp up South Korean parlor openings

    TOKYO -- Karaoke chain operator Koshidaka Holdings will turn to overseas markets for a new pillar of revenue, with plans to sharply boost its presence in South Korea while considering zeroing on karaoke aficionados in Malaysia and other Southeast As

    November 21, 2014 01:37 am JST
  • AirAsia ticket plan

    Malaysian budget carrier introduces pre-purchase credits

    KUALA LUMPUR -- Jet-hopping at fixed prices over 137 routes in Southeast Asia is about to become a reality with AirAsia's introduction of its AirAsia Asean Pass. Southeast Asia's leading budget announced on Thursday plans to start pre-selli

    November 20, 2014 08:46 pm JST
  • AirAsia stalls

    Budget carrier's 3Q profit nosedives 85% as units struggle

    KUALA LUMPUR -- AirAsia's third-quarter net profit declined 85% on the year, largely due to losses at its Thai and Indonesian subsidiaries. Net profit came to 5.4 million ringgit ($1.6 million). Revenue was up 3% to 1.3 billion ringgit. The

    November 20, 2014 02:30 pm JST
  • Telekom Malaysia in TV move

    MYTV set to go digital by mid-2015

    KUALA LUMPUR -- MYTV Broadcasting has signed a deal in which it will pay Telekom Malaysia, the big fixed-line communications company, 1 billion ringgit ($298 million) to help it roll out digital terrestrial television broadcasts by mid-2015. Te

    November 20, 2014 11:30 am JST
  • ASEAN by the numbers

    Corporate ranking shows what drives the region -- and what doesn't

    BANGKOK -- Ranking Southeast Asia's top companies by market capitalization and net profit gives a good idea who the movers and shakers are in Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam. But the list also reveals important

    November 20, 2014 12:00 am JST
  • Bottom lines

    ASEAN companies with modest market caps multiply their profits

    KUALA LUMPUR -- Don't let their relatively modest market capitalizations fool you: Some Southeast Asian companies have been making massive profit strides. These businesses have ridden the economic growth that has swept across the region, partly

    November 20, 2014 12:00 am JST
  • Introducing the $10 billion club

    BANGKOK -- Southeast Asia's $10 billion club keeps getting bigger. The Association of Southeast Asian Nations had 44 companies with market capitalizations of at least that amount at the end of October, up from 34 four years earlier. Sure, Japan

    November 20, 2014 12:00 am JST