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  • China pushes to build Singapore-style economy

    China has set out to reform its economic structure by introducing more market principles into corporate management. Beijing's reform blueprint is designed to support growth of private-sector companies while injecting private capital into state-r

    July 28, 2014 07:00 pm JST
  • Japanese investment in Asian bonds surges 70%

    TOKYO -- Japanese investors are increasingly buying bonds issued by companies and governments in the rest of Asia. According to "International Transactions in Securities," published by the country's Ministry of Finance, Japanese individuals, pen

    July 27, 2014 12:30 am JST
  • SingTel adds Indonesia to its mobile remittance system

    SINGAPORE -- Singapore Telecommunications (SingTel) is launching a mobile remittance service to transfer funds from Singapore to Indonesian banks. The new service targets the growing number of foreign workers in Singapore who regularly remit par

    July 25, 2014 11:20 pm JST
  • Singapore and China companies expand the cord blood donor pool

    SINGAPORE -- Cordlife Group, Singapore's leading private cord blood bank, is stepping up its relationship with New York-listed China Cord Blood Corporation (CCBC). The two companies signed a memorandum of understanding on Wednesday enabling them

    July 25, 2014 10:39 pm JST
  • Singaporean retailer Sheng Siong's profits boosted by smarter logistics

    SINGAPORE -- Sheng Siong Group, a leading Singaporean supermarket chain operator, has seen its net profit jump 30.4% to 11.1 million Singapore dollars ($8.95 million) in the April-June quarter from a year earlier, while revenue rose 7.4% to S$171.6

    July 25, 2014 04:00 pm JST
  • Need for security network growing in Asia

    TOKYO -- When a flotilla of ships of the Russian Pacific Fleet called at the Vietnamese naval base at Cam Ranh in June, it was a clear indication that Vietnam was courting Russia in a bid to counter China's growing clout. The port call followed

    July 25, 2014 02:40 pm JST
  • Tigerair's losses doubled in latest quarter

    SINGAPORE -- Tiger Airways Holdings, the struggling low cost carrier company 40% owned by Singapore Airlines, has recorded a net loss of 65.2 million Singapore dollars ($52.6 million) for the first quarter of its 2015 financial year ending in June -

    July 24, 2014 07:40 pm JST
  • Sports car sales slump after tax hike, loan limit in Singapore

    SINGAPORE -- Sales of luxury sports cars have significantly dropped in Singapore, after the government introduced a tax hike for expensive cars as well as car loan restrictions in 2013. The six most popular high-end sports car brands, namely Porsche

    July 24, 2014 03:00 pm JST
  • Singapore firms selling off Australian assets as resource boom fades

    SINGAPORE -- Companies here are actively selling off large amounts of Australian assets. These companies are trying to adjust their portfolios to reduce risk, amid growing signs that Australia's economy is slowing as the resource boom fades. Ola

    July 24, 2014 12:00 am JST
  • Southeast Asia mines riches from mountain of industrial waste

    TOKYO -- Southeast Asian manufacturing hubs are working to recover and recycle scarce metals from growing piles of industrial waste. In resources-scarce Singapore, there is actually a gold-mining operation in the Jurong Industrial Estate, in the

    July 24, 2014 12:00 am JST
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • Ascott bullish on serviced apartments in Indonesia and Japan

    SINGAPORE -- Singapore’s Ascott Residence Trust (Ascott Reit), a serviced apartment investment business owned by CapitaLand, views Indonesia as ripe for further investment, chief executive officer Ronald Tay said on Monday. Ascott Reit invests i

    July 22, 2014 08:43 pm JST
  • OCBC's Wing Hang Bank buy will hurt profitability: Macquarie

    SINGAPORE -- Oversea-Chinese Banking Corp.'s (OCBC) purchase of Wing Hang Bank of Hong Kong could cause "deteriorating profitability" at the Singaporean bank, according to a recent report by investment bank Macquarie, which said OCBC is stuck with h

    July 22, 2014 06:30 pm JST
  • Singaporean yacht builder buys Australian rival

    SINGAPORE -- Grand Banks Yachts, a luxury yacht builder in Singapore dating from 1956 and connected to Malaysian tycoon Lim Kok Thay of the Genting Group, is acquiring an Australian rival company, Palm Beach Motor Yacht, in an ongoing effort to retu

    July 21, 2014 10:15 pm JST
  • Takasago finds tasty market in Southeast Asia

    TOKYO -- Japan's largest flavor and fragrance company, Takasago International, is building a new production and research center in Singapore as it looks to capitalize on growing markets in Southeast Asia. Although overseas sales already account

    July 21, 2014 01:00 pm JST
  • Japan's listed companies go a-courting in SE Asia

    TOKYO -- Some 800 investors from around Asia gathered at the Ritz-Carlton, Millenia Singapore, in early June for Nomura Investment Forum Asia 2014, an investor relations event hosted by brokerage house Nomura Securities and featuring more than 50 le

    July 21, 2014 01:00 pm JST
  • Temasek looks west as China investment cools

    SINGAPORE -- Slowing growth in its investment performance in emerging markets -- especially China -- is spurring Singaporean sovereign wealth fund Temasek Holdings to pump more money into the developed markets of North America and Europe, where it h

    July 19, 2014 01:00 pm JST
  • Budget carrier Peach aiming to take off from Naha

    OSAKA -- Peach Aviation is building up Okinawa's Naha Airport as a second hub, looking to use it as a foothold to return to a growth track after setbacks from a pilot pinch. The Japanese low-cost carrier will begin service Saturday between Naha

    July 19, 2014 01:14 am JST
  • Temasek philanthropy fosters public-private projects in Vietnam

    SINGAPORE -- Temasek Foundation, the non-profit arm of Singapore's sovereign wealth fund, Temasek Holdings, is collaborating with the Singapore Cooperation Enterprise, a government unit under the Ministry of Trade and Investment, to help the Vietnam

    July 18, 2014 08:45 pm JST
  • Singapore companies see sports as ticket to global name recognition

    SINGAPORE -- Big companies in Singapore are sponsoring more sporting events and facilities as a way of increasing their global exposure. StarHub, a telecommunications company, announced Thursday that it will sponsor Singapore Sports Hub, a clust

    July 18, 2014 07:20 pm JST