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  • UOB quarterly profit up 5.5% as loan volume rises

    SINGAPORE -- United Overseas Bank lifted net profit for the April-June quarter by 5.5% on the year to 845 million Singapore dollars ($621 million), boosted by strong growth in loan and fee income.Bad loan allowance for the quarter was 11.9% higher t

    July 28, 2017 08:20 pm JST
  • Singapore's 2Q property data signals turnaround in residential market

    SINGAPORE (Nikkei Markets) -- Prices of Singapore private residential properties fell 0.1% in the second quarter, or by less than what was indicated in flash estimates released earlier this month, in yet another sign the housing market has bottomed.

    July 28, 2017 03:24 pm JST
  • ASEAN AT 50

    In search of ASEAN 'champions'

    TOKYO -- Despite proving to be a unique and successful development model, ASEAN is lacking in the innovation department. This is how Fukunari Kimura, a professor of trade and development economics at Japan's Keio University, sees the region. He rece

    July 28, 2017 10:55 am JST
  • Derivatives slump depresses Singapore Exchange's annual profit

    SINGAPORE -- Singapore Exchange said Thursday that net profit for the year ended in June fell 2.7% on the year to 339.6 million Singapore dollars ($250 million), mainly due to sluggish revenue in its derivatives business amid low market volatility.N

    July 28, 2017 02:14 am JST
  • Singapore Airlines' April-June net profit down 8.4%

    SINGAPORE -- Singapore Airlines' net profit fell 8.4% on the year in the April-June quarter, the company said Thursday, coming in at 235.1 million Singapore dollars ($173 million). Strong passenger growth lifted revenue, but the absence of a divestm

    July 28, 2017 12:49 am JST
  • Nikkei Asia300 index gains as Fed stance fuels regional equity rally

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose Thursday as investors stepped up purchases of regional assets after the U.S. Federal Reserve kept interest rates unchanged as expected.The Nikkei Asia300 index advanced 0.3% to 1,294.1

    July 27, 2017 09:33 pm JST
  • Singapore stocks hit 2-year highs as banks rally; Malaysia shares advance

    SINGAPORE (Nikkei Markets) -- Singapore shares rose Thursday to new two-year highs, led by banking stocks after Oversea-Chinese Banking Corp. reported better-than-expected earnings.Malaysia shares also advanced, joining an Asian equity rally, as U.S

    July 27, 2017 08:52 pm JST
  • OCBC's quarterly profit beats forecasts, insurance unit outperforms

    SINGAPORE (Nikkei Markets) -- Oversea-Chinese Banking Corp, Singapore's second-largest lender, posted a 22% rise in second-quarter net profit, beating expectations as loans growth accelerated and contributions from its insurance business soared.OCBC

    July 27, 2017 06:26 pm JST
  • Amazon storms Singapore with Prime Now

    SINGAPORE -- Online retail giant Amazon kicked off its eagerly awaited Prime Now service in Singapore on Thursday.The service offers two-hour delivery on tens of thousands of items, from toys to cold beer. For a limited time, the company is not requ

    July 27, 2017 04:12 pm JST
  • Amazon launches Prime Now in Singapore

    SINGAPORE (Reuters) -- Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's push into populous Southeast Asia and its first head-on battle with its Chinese rival, Alibaba Group Holding.While

    July 27, 2017 12:39 pm JST
  • At 50, ASEAN is reaping the rewards of economic integration

    BANGKOK The Association of Southeast Asian Nations marks its 50th anniversary on Aug. 8. Over the decades, its purpose has shifted from fighting communism to fostering economic cooperation. ASEAN's rules and infrastructure facilitate trade and help

    July 27, 2017 10:00 am JST
  • ASEAN needs more cohesion to stand on its own

    ASEAN leaderships need a moment of reflection. We are seeing strong anti-globalization sentiment and failures of multilateral arrangements in the West. This certainly dents ASEAN's drive for more openness and more integration. Even before such globa

    July 27, 2017 10:00 am JST
  • Then and now: ASEAN by the numbers

    The 10 members of the Association of Southeast Asian Nations have grown steadily richer in recent decades, with gross domestic product per capita rising eightfold between 1980 and 2016. Can the region continue its march toward prosperity?

    July 27, 2017 10:00 am JST
  • 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
  • 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
  • Nikkei Asia300 index little changed before Fed policy outcome

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan ended little changed on Wednesday, as investors overlooked positive cues from the Wall Street overnight ahead of the U.S. Federal Reserve's monetary policy decision.The Nikkei Asia300 index

    July 26, 2017 08:10 pm JST