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  • CapitaLand REIT to buy $1.55bn office tower in Singapore

    SINGAPORE -- CapitaLand Commercial Trust, the real estate investment trust under Singapore's top property developer CapitaLand, announced Thursday that it is buying Asia Square Tower 2, a top-end office tower in Singapore, from the American fund Bla

    September 21, 2017 08:30 pm JST
  • Singapore Exchange eyes higher returns from cash pile

    SINGAPORE (Nikkei Markets) -- Singapore Exchange is looking for ways to better deploy its huge cash holdings and might consider parking excess funds in riskier assets to generate better returns, its chairman said.Kwa Chong Seng was speaking at the b

    September 21, 2017 06:14 pm JST
  • Fledgling Japanese fintech sector needs to 'design for global use'

    TOKYO -- For a country with such a strong reputation for advanced technology, Japan has lagged far behind its global peers when it comes to applying it to financial services.Both the national and metropolitan governments have now embarked on an aggr

    September 21, 2017 05:25 pm JST
  • Asia will be home to 60% of world's elderly by 2030s: Deloitte

    SINGAPORE -- Some 60% of the world's population of people over 65 years old will live in Asia by 2030, causing a number of economies in the region to face demographic challenges before they get rich enough, according to a recent report by consultanc

    September 21, 2017 02:45 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 of

    September 21, 2017 10:00 am JST
  • Don't neglect globalization's 'losers'

    SINGAPORE While globalization can bring about healthy competition and push companies to change for the better, it is important not to neglect those who lose out in such competition, according to Indonesian Finance Minister Sri Mulyani Indrawati.Spea

    September 21, 2017 10:00 am JST
  • Singaporeans vent over a 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 silent protest was organiz

    September 21, 2017 10:00 am JST
  • European business leaders back a Thai canal project

    BANGKOK An ambitious, $28 billion plan to build a ship canal linking the Indian and Pacific oceans has received a major boost of support as European business leaders in Thailand join Chinese government advisers and influential Thais to urge the mili

    September 21, 2017 10:00 am JST
  • Asia's regulators crack down on digital currencies

    HONG KONG Authorities in Asia are alarmed at the rapid volume of investment in digital tokens offered through initial coin offerings, and are scrambling to create regulatory frameworks for the sector.The People's Bank of China has declared all ICOs

    September 21, 2017 10:00 am JST
  • Richard Heydarian: ASEAN can act as a bridge for the two Koreas

    The Association of Southeast Asian Nations could play an effective role in easing tensions over North Korea's nuclear and missile program because of its ties with both Koreas.North Korea appears well on its way to becoming a nuclear power. As the wo

    September 21, 2017 10:00 am JST
  • Nikkei Asia300 Index little changed ahead of Fed decision

    MUMBAI (NewsRise) -- Asian stocks outside of Japan were little changed on Wednesday as investors remained cautious before the U.S. Federal Reserve's monetary policy decision due later in the day.The Nikkei Asia300 Index ended flat at 1,323.20.The U.

    September 20, 2017 08:32 pm JST
  • Malaysia stocks fall to two-week low as Mitsubishi exits CIMB, Singapore stocks decline

    KUALA LUMPUR (Nikkei Markets) -- Malaysian shares fell to a two-week low on Wednesday, weighed by losses on CIMB Group Holdings after Mitsubishi UFJ Financial Group sold its entire stake in the nation's second-largest bank.Singapore shares declined

    September 20, 2017 07:52 pm JST
  • 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