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  • Asia-Pacific's ultra-rich to invest more in private equity

    SINGAPORE (Nikkei Markets) -- Asia Pacific's family offices, which serve ultra-high-net-worth investors, plan to allocate more money to private equity as they look for growth opportunities in healthcare and education as well as in industries that ar

    September 20, 2017 06:19 pm JST
  • Taiwanese electric scooter maker Gogoro raises $300 million

    Taiwan's Gogoro said it raised $300 million from investors including Singapore's Temasek and Japan's Sumitomo Corporation, helping it further expand the market of its electric scooters with battery swapping technology in Europe.Gogoro, which sold mo

    September 20, 2017 03:44 pm JST
  • Interview

    Philippine antitrust watchdog asks Duterte for big personnel boost

    MANILA -- The Philippines' antitrust watchdog plans to significantly bolster its manpower as it braces for a "deluge" of complaints on monopolies, cartels and other anti-competitive practices."We are submitting a proposal to the Office of the Presid

    September 20, 2017 11:00 am JST
  • Chinese bike-share operators making tracks for Southeast Asia

    SINGAPORE/BANGKOK -- Chinese bike-sharing startups Mobike and Ofo are expanding to several Southeast Asian countries, betting that the push by local governments to encourage cycling will overcome the region's structural barriers against the mode of

    September 20, 2017 10:30 am JST
  • Singapore's Keppel to develop luxury apartments in Jakarta

    SINGAPORE -- Property developer Keppel Land, a subsidiary of Singapore conglomerate Keppel Corp. said Tuesday it has agreed to acquire a prime site in Jakarta's central business district from Indonesia's Bank Central Asia for 586 billion rupiah ($44

    September 19, 2017 10:21 pm JST
  • Singapore tycoon to invest $5bn in data storage

    SINGAPORE -- Local tycoon Oei Hong Leong has made a rare announcement of his next investment target: data centers in Singapore. The second son of the founder of Indonesian conglomerate Sinar Mas Group said he had set up a company to invest $5 billio

    September 19, 2017 09:36 pm JST
  • Banpu takes stake in Singapore solar energy provider Sunseap

    BANGKOK -- Thai coal miner Banpu has invested $55.7 million in Singapore-based solar energy provider Sunseap Group as it seeks to further venture into renewable energy.Banpu Infinergy, a recently-established subsidiary of Banpu that offers solar sys

    September 19, 2017 09:27 pm JST
  • Nikkei Asia300 Index drops as investors await Fed policy

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Tuesday as investors await the U.S. Federal Reserve's monetary policy review meeting.The Nikkei Asia300 Index declined 0.3% to 1,323.13.The day's losses reflected caution ahead of the start of

    September 19, 2017 08:39 pm JST
  • Singapore, Malaysia equities fall ahead of Fed policy review

    KUALA LUMPUR (Nikkei Markets) -- Singapore and Malaysian stocks fell Tuesday, with banks contributing the most to the losses, ahead of the U.S. Federal Reserve's policy meeting.Most Asian equities slipped Tuesday. The Nikkei Asia300 Index dropped 0.

    September 19, 2017 07:30 pm JST
  • Export growth brings currency headaches for Asia

    SINGAPORE/MUMBAI -- Pasir Panjang, a port in southern Singapore, is bustling with activity. Total container throughput in August rose 9.9% on the year to 2.94 million TEUs (twenty-foot equivalent units), according to the Maritime and Port Authority

    September 19, 2017 12:05 pm JST
  • ASEAN seeks strong Japanese presence in Asia to counter China

    TOKYO -- Japanese Prime Minister Shinzo Abe on Thursday met his Indian counterpart Narendra Modi -- his closest political friend in Asia -- for the tenth time. The two, both conservative politicians, became good friends about a decade ago, when Modi

    September 19, 2017 08:15 am JST
  • Suntory, Asahi go on Asian offensive with shochu cocktails

    TOKYO -- Suntory Holdings, Asahi Group Holdings and other Japanese alcohol beverage companies are actively expanding sales of shochu cocktails in greater Asia to serve the growing demand from travelers who return from their visits to Japan.Cocktails

    September 19, 2017 01:52 am JST
  • ICOs: dream for startups, nightmare for regulators

    TOKYO -- Raising $35 million in 30 seconds with minimal disclosure sounds like something that could only be a racket.But startups across the world have been turning to initial coin offerings, a sort of initial public offering involving the use of a

    September 18, 2017 11:30 pm JST
  • Nikkei Asia300 Index gains as technology stocks rally

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Monday, helped by a rally in technology stocks and record-high U.S. stocks.The Nikkei Asia300 Index added 1.2% at 1,327.04. South Korea's Samsung Electronics paced the gains in Asia technology

    September 18, 2017 08:36 pm JST
  • Contract loss latest setback for ComfortDelGro, stock tumbles

    SINGAPORE (Nikkei Markets) -- Shares of transport operator ComfortDelGro hit a three-year low on Monday, after its unit unexpectedly lost a bid to manage a part of Singapore's train network, limiting the company's involvement in a high-growth area.T

    September 18, 2017 08:13 pm JST
  • Singapore stocks jump most in two months on exports, Malaysia equities fall

    KUALA LUMPUR (Nikkei Markets) -- Singapore shares posted their biggest jump in two months on Monday, helped by a better-than-expected gain in exports and a record close on Wall Street. Malaysia shares edged lower.On Monday, trade agency Internationa

    September 18, 2017 07:29 pm JST
  • Singapore's exports rise in August, China demand holds

    SINGAPORE (Nikkei Markets) -- Singapore's key non-oil exports increased for a fourth straight month in August as shipments of electronics continued to surge, easing concerns that the recovery could wane in coming months in line with slower growth in

    September 18, 2017 04:52 pm JST
  • Investment in Japan space startups blasting off

    TOKYO -- Japan's proliferating space startups are getting a boost from major corporations like Sony, All Nippon Airways parent ANA Holdings and Europe's Airbus group, which are taking stakes in the ventures in hopes of gaining knowledge for starting

    September 17, 2017 11:39 pm JST
  • McLaren chief vows survival of gasoline motor sports

    Formula One driver Fernando Alonso in his McLaren vehicle during a practice session in Singapore on Sept. 15

    SINGAPORE -- Despite speculation that 2017 would be the last year in which Singapore hosts a Formula One Grand Prix, the Singaporean government and Formula One owner Liberty Media reached and announced here on Sept. 15 an agreement to renew their co

    September 17, 2017 10:01 pm JST
  • Notmypresident: Singaporeans vent over voterless election

    SINGAPORE -- On the humid afternoon of Saturday, Sept. 16, several hundred Singaporeans in black T-shirts descended on a public park to demonstrate their unhappiness about the nation's first reserved presidential election.The protest was organized b

    September 16, 2017 08:34 pm JST