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  • Amazon and Alibaba square off in Southeast Asia

    BANGKOK Shoppers in Southeast Asia have long been wondering when Amazon.com will start offering its e-commerce services in their region.Local and regional e-tailers have been wondering the same thing. Taking the U.S. giant's eventual arrival as a gi

    August 3, 2017 10:00 am JST
  • Lazada hastens expansion of Alibaba's Taobao in Southeast Asia

    HONG KONG E-commerce in Southeast Asia is becoming a heated battleground, with Amazon.com the latest to join the competition. China's Alibaba Group Holding has invested $2 billion for a controlling stake in e-tailer Lazada, which operates in six mar

    August 3, 2017 10:00 am JST
  • ASEAN AT 50: Munir Majid

    ASEAN integration lags the real world

    Any objective verdict on the achievements of the Association of Southeast Asian Nations in the last 50 years can only be mixed. Governments and public officials will say the glass is half full in assessing the organization, while non-governmental or

    August 3, 2017 10:00 am JST
  • Japan, US seek partners at ASEAN forum to lean on North Korea

    MANILA -- With North Korea slated to take part in the ASEAN Regional Forum next week, Japan and the U.S. will look to coordinate with other participants to put pressure on the rogue state to halt its missile provocations.The Philippines, this year's

    August 3, 2017 07:12 am JST
  • PTT Exploration snaps up stake in Malaysia LNG project

    BANGKOK -- Thailand's PTT Exploration & Production will invest $500 million in a Malaysian liquefied natural gas production base, seeking new sources of the fuel as Thai reserves become depleted.In the company's first foray into LNG production, a PT

    August 3, 2017 06:53 am JST
  • China group secures $364m train order in Malaysia

    KUALA LUMPUR -- Prasarana Malaysia, the national rail operator, has awarded a project valued at 1.56 billion ringgit ($364 million) to a China-led consortium.CRRC Zhuzhou Locomotive (CRRC ZELC), Siemens Limited China, and Tegap Dinamik, a little kno

    August 3, 2017 12:00 am JST
  • Asia's 'tiger cubs' will feast on FDI in next decade: Nomura

    SINGAPORE -- India and five key Southeast Asian countries can expect a surge in foreign direct investment in the years to come, according to a new report from Nomura. India and the so-called ASEAN 5 -- Indonesia, Malaysia, Thailand, the Philippines

    August 2, 2017 12:56 am JST
  • Founder of Public Bank to retire after half century

    KUALA LUMPUR -- Public Bank has announced that Teh Hong Piow, its founder and chairman, will step aside at the start of 2019 for an orderly succession at Malaysia's third-largest lender by assets.Teh, 87, will also retire on Jan. 1, 2018, as chairma

    August 1, 2017 09:35 pm JST
  • Sime Darby to sell 40% stake in Seriemas Development for $146.11 million

    KUALA LUMPUR (Nikkei Markets) -- Malaysia's Sime Darby, the world's largest palm oil producer by acreage, said Tuesday it is selling the entire 40% stake in Seriemas Development for 625 million ringgit ($146.11 million) to its largest shareholder.Th

    August 1, 2017 08:50 pm JST
  • Singapore, Malaysia stocks advance as banks rebound

    SINGAPORE (Nikkei Markets) -- Singapore shares rose Tuesday, as a recovery in banking stocks outweighed a fall in heavyweight Singapore Telecommunications. Malaysia equities also advanced, helped by a rebound in lenders.Singapore's FTSE Straits Time

    August 1, 2017 08:38 pm JST
  • 1MDB late on $1.2bn payment to Abu Dhabi guarantor

    KUALA LUMPUR -- State investment fund 1Malaysia Development Bhd on Tuesday said it missed its payment deadline of the day before to its Abu Dhabi guarantor. It cited delays in receiving cash from asset sales.1MDB in late April reached a settlement w

    August 1, 2017 08:31 pm JST
  • Chinese financials carry baton as Hong Kong stocks near 26-month highs

    HONG KONG (Nikkei Markets) -- Hong Kong shares headed toward 26-month highs on Tuesday, with Chinese insurers and banks driving gains as earnings expectations gather wind.The Hang Seng Index added 0.7% to 27,524.07 by midday, on course for its highe

    August 1, 2017 02:26 pm JST
  • Richard Heydarian

    Duterte's moves could hasten regional 'Pax Sinica'

    In his second State of the Nation Address on July 24, Philippine President Rodrigo Duterte zeroed in on domestic security challenges, although in his role as current chairman of the Association of Southeast Asian Nations, regional issues loom large

    August 1, 2017 01:50 pm JST
  • Malaysia's manufacturing PMI rises to 48.3 in July

    TOKYO -- The Nikkei Malaysia Manufacturing Purchasing Managers' Index, or PMI, rose to 48.3 in July from 46.9 in June.A reading above 50 indicates economic expansion, while one below 50 points to a contraction. July's data marked the third consecuti

    August 1, 2017 09:30 am JST
  • ASEAN PMI falls to contraction in July

    TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, fell to contraction for the first time this year with falls in both output and total new orders.The composite indicator of manufacturing performance fell to 49.3 in July fro

    August 1, 2017 09:30 am JST
  • Southeast Asian auto market roaring back to life

    BANGKOK/HANOI -- Southeast Asia's automobile market continues to recover well from a yearslong slump, with the Philippines and Thailand driving solid growth in an increasingly important region for carmakers.This is particularly good news for Japanes

    August 1, 2017 08:39 am JST
  • Singapore stocks little changed ahead of key earnings, Malaysia shares fall

    SINGAPORE (Nikkei Markets) -- Singapore shares ended little changed as investors awaited a slew of earnings this week. Malaysia stocks fell, weighed by a selloff in banking heavyweights.Singapore's FTSE Straits Times Index lost less than 0.1% to 3,3

    July 31, 2017 08:12 pm JST
  • Malaysia Airports 2Q net profit jumps seven-fold

    KUALA LUMPUR (Nikkei Markets) -- Malaysia Airports Holdings said Monday its net profit for the second quarter surged more than seven-folds on year largely due to lower amortization and depreciation charges and strong domestic operations.Net profit f

    July 31, 2017 07:15 pm JST
  • ASEAN AT 50

    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 li

    July 31, 2017 09:30 am JST
  • Hashtag Travelers

    Tucked in the 'Alps,' the future of tourism in Japan

    GOKAYAMA, Japan -- Saran Sawatphudsa and two female friends were walking up a dirt road on a hill rising out of the valley. The Thai tourists were staying in Gokayama, a picturesque hamlet tucked in the Japan Alps, and wanted a bird's-eye view of th

    July 30, 2017 01:00 pm JST