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  • Singapore PMI rises to 53.6 in January

    TOKYO -- The Nikkei Singapore Purchasing Managers' Index, or PMI, rose to 53.6 in January from December's 52.1.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction."Singapore's private sector economy wa

    February 5, 2018 09:30 am JST
  • Trump pick K.T. McFarland withdraws nomination as envoy to Singapore

    WASHINGTON (Reuters) -- K.T. McFarland, picked by President Donald Trump to be the U.S. ambassador to Singapore, withdrew from consideration for the job on Friday after her nomination became stalled in the U.S. Senate.McFarland was on Trump's presid

    February 3, 2018 07:52 am JST
  • Southeast Asia's new car sales up for second straight year

    BANGKOK -- New-car sales in six major Southeast Asian nations rose 5% on the year to about 3.36 million units in 2017, as the region's auto market recovered to its best level in four years. Thailand and the Philippines propelled the region to a seco

    February 3, 2018 05:27 am JST
  • Nikkei Asia300 Index falls as U.S. bond selloff damps appetite for risk assets

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended the week on a negative note as a selloff in U.S. bond market accelerated, sapping regional risk appetite.The Nikkei Asia300 Index declined 1% to 1,504.4. For the week, the gauge was down more

    February 2, 2018 08:42 pm JST
  • Singapore stocks post first weekly fall in six as real-estate firms edge lower

    KUALA LUMPUR (Nikkei Markets) -- Singapore shares declined for the first time in six-weeks, led by losses in real estate-related firms. Malaysian markets rose for the 10th consecutive week, hitting three-year highs, paced by lenders.The Straits Time

    February 2, 2018 08:22 pm JST
  • Interview

    Half our business will vanish in 10 years: Marubeni chief

    TOKYO -- Japanese trading house Marubeni is recovering from the painful blow lower resource prices have delivered to its earnings. The company is expecting its group net profit to rise 9% on year to 170 billion yen ($1.56 billion), or possibly 190

    February 2, 2018 03:00 pm JST
  • ASEAN manufacturing PMI inches up to 50.2 in January

    TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, rose to 50.2 in December, improving slightly from 49.9 in December.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction."The A

    February 2, 2018 09:30 am JST
  • Grab to expand driver network with Samsung tie-up

    SINGAPORE -- Ride-hailing app provider Grab plans to secure and expand its driver network by offering incentives through a tie-up with Samsung Electronics, as the Singapore-based operator faces strong competitions in the region.Grab said Thursday th

    February 1, 2018 09:26 pm JST
  • Banks fuel gains in Singapore stocks after Fed policy

    SINGAPORE (Nikkei Markets) -- Singapore equities advanced Thursday, as banking shares rose after the conclusion of the U.S. Federal Reserve's policy meeting.The Straits Times Index added 0.4% to close at 3,547.23.The Fed, following its two-day polic

    February 1, 2018 08:03 pm JST
  • Democratic conditions 'fall sharply' in Asia

    TOKYO -- Asia witnessed the biggest deterioration in its democratic conditions of any region in 2017, as minorities in countries including Indonesia and Myanmar suffered.In the annual democracy index ranking, compiled by the Economist Intelligence U

    February 1, 2018 12:50 pm JST
  • China becomes Indonesia's No. 2 investor with infrastructure drive

    JAKARTA -- China became Indonesia's second-biggest source of foreign direct investment in 2017, and officials in Jakarta are saying they expect the Chinese inflows will only continue to swell. China overtook Japan on the Southeast Asian country's in

    February 1, 2018 11:00 am JST
  • Southeast Asia's airlines feel fuel price pinch

    SINGAPORE Airlines in Southeast Asia will have to bear with "meager" profit in 2018 because of rising fuel prices and intense competition, the Sydney-based aviation think tank CAPA said.On the positive front, passenger yield, an indicator of ticket

    February 1, 2018 10:00 am JST
  • Asia's MBA schools rise up the FT's ranks

    TOKYO Asia has become the key driver of the world economy, and with this has come the need for top-tier management talent. The region is better positioned than ever meet that demand, as shown in the latest Financial Times' MBA ranking published Jan.

    February 1, 2018 10:00 am JST
  • ST Engineering moves beyond defense

    SINGAPORE Singapore Technologies Engineering is on the lookout for acquisition opportunities, says President and CEO Vincent Chong. In addition to building new businesses -- such as robotics and cybersecurity -- the company is also keen to hone new

    February 1, 2018 10:00 am JST
  • Modi fetes ASEAN leaders at India's Republic Day celebration

    NEW DELHI For the first time in its history, India's Republic Day parade had not one but 10 guests of honor: the leaders of all members of the Association of Southeast Asian Nations. The expanded guest list for the Jan. 26 event is a reflection of t

    February 1, 2018 10:00 am JST
  • Japan Market Pulse

    Japan Inc. faces new age of shareholder accountability

    TOKYO -- As shareholders approach deadlines to submit proposals for annual meetings, one closely-watched resolution crafted by Nippon Paint Holdings' biggest stockholder has the potential to become a test case for corporate governance reform.Wuthela

    February 1, 2018 03:37 am JST
  • Nikkei Asia300 Index little changed as U.S. stocks extend fall

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended little changed on Wednesday, after U.S. indexes extended losses and data showed China's manufacturing growth slowed this month.Samsung Electronics edged higher after announcing a stock split.T

    January 31, 2018 08:48 pm JST
  • Singapore shares drop to two-week lows as real estate firms retreat

    SINGAPORE (Nikkei Markets) -- Singapore shares fell to a two-week low on Wednesday, weighed by the retreat in rate-sensitive real estate firms ahead of the U.S. Federal Reserve's monetary policy decision.The Straits Times Index declined 0.4% to 3,53

    January 31, 2018 07:58 pm JST
  • Singapore companies echo growth projections, become less bullish

    SINGAPORE (Nikkei Markets) -- Singapore companies have become less optimistic about prospects in coming months, two sentiment surveys showed, a further sign that economic growth could slow from the stellar pace of last year.The Singapore Economic De

    January 31, 2018 04:37 pm JST
  • Cover story

    Inside Asia's bitcoin economy

    SHANGHAI -- On Jan. 6, a leaked photograph of an official notice from China's internet finance regulator began to circulate on Twitter. The statement, released by the authorities two days earlier, told local governments to stop subsidizing companies

    January 31, 2018 03:39 pm JST