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  • 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
  • Malaysia's new vehicle sales likely to meet 1.7% annual volume growth aim

    KUALA LUMPUR (Nikkei Markets) - Malaysia's new vehicle sales will likely pick up pace in the months ahead and end the year with a 1.7% volume growth as consumer sentiment improves amid faster economic expansion.Total industry volume in the Southeast

    July 24, 2017 08:43 pm JST
  • IMF maintains global growth forecasts; China, eurozone revised higher

    KUALA LUMPUR (Reuters) -- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China.In an updated World Economic Outlook pu

    July 24, 2017 03:27 pm JST
  • Prospects fade for ASEAN migrant worker deal

    JAKARTA -- Official crackdowns on emigrants in Malaysia and Thailand have cast further doubt on over prospects that member countries of the Association of Southeast Asian Nations can finalize a long discussed deal on migrant workers' rights.In June

    July 22, 2017 02:00 pm JST
  • AirAsia plans to launch fintech products

    DAVAO, Philippines -- AirAsia said Friday it plans to launch mobile payment services and other businesses, taking advantage of its growing brand recognition as it expands its footprint in the region.The Malaysian budget carrier said the plans are pa

    July 21, 2017 10:00 pm JST
  • Maxis second-quarter net profit rises nearly 18% on lower costs

    KUALA LUMPUR (Nikkei Markets) - Maxis, Malaysia's second-largest mobile telecom company by revenue, Thursday reported a near 18% annual rise in second quarter net profit, and reiterated its flat annual service revenue guidance for the year amid inte

    July 20, 2017 09:11 pm JST
  • ADB upgrades emerging Asia's growth outlook to 5.9%

    MANILA -- The Asian Development Bank on Thursday upgraded its outlook for emerging Asia's gross domestic product growth rate for this year to 5.9% from the previous figure of 5.7%, citing stronger-than-estimated economic growth in China and some oth

    July 20, 2017 11:44 am JST