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  • Aging Asia's trillion-dollar business opportunity

    As Asia ages, businesses catering to the elderly are swelling along with the demographic. So alluring is the growth potential that even companies with no prior experience in this segment are rushing in, from property developers to newspaper operator

    July 26, 2017 11:59 am JST
  • SoftBank seeking multibillion dollar stake in Uber: WSJ

    NEW YORK (Kyodo) -- Japan's SoftBank Group Corp. is pushing to take a multibillion dollar stake in Uber Technologies Inc., the Wall Street Journal reported Tuesday, citing people familiar with the matter.According to the report, the sources said Sof

    July 26, 2017 10:25 am JST
  • Singapore Airlines' LCC arm Scoot to fly to Honolulu via Osaka

    SINGAPORE -- Singapore Airlines' low-cost arm Scoot announced on Tuesday that it will fly a new route, to Honolulu via Osaka. The route will give a new low-cost option for Japanese travelers to popular holiday destinations Hawaii and Singapore. It a

    July 25, 2017 09:45 pm JST
  • Nikkei Asia300 index falls as airline, property developers decline

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan fell Tuesday, led by decline in airlines and as Hong Kong property developers slipped ahead of the start of the U.S. Federal Reserve's two-day policy review.The Nikkei Asia300 index fell 0.

    July 25, 2017 09:12 pm JST
  • Low cost, transparency boost ETFs in Asia, information gaps a limitation

    SINGAPORE (Nikkei Markets) -- Exchange traded funds are making inroads into Asia, thanks to their lower fees and promise of higher returns. However, the popularity of this passive asset class is limited by the opacity of markets in developing countr

    July 25, 2017 08:29 pm JST
  • Singapore stocks edge higher on OCBC gains; Malaysia shares little changed

    SINGAPORE (Nikkei Markets) -- Singapore shares rose Tuesday, helped by gains in Oversea-Chinese Banking Corp. ahead of earnings and after its insurance arm reported second-quarter profit more than doubled. Malaysia stocks were little changed.OCBC ad

    July 25, 2017 08:17 pm JST
  • Chinese tech companies take the lead in battle for Southeast Asia

    SINGAPORE -- The $2 billion investment by China's Didi Chuxing and Japan's SoftBank Group into Southeast Asian riding-hailing company Grab marks a new record for venture fundraising in the region. But it may be surpassed sometime soon as Chinese tec

    July 25, 2017 11:06 am JST
  • Waning medical tourism forces rethink in Singapore

    SINGAPORE -- The Mount Elizabeth Novena hospital is a sprawling, modern complex just north of Singapore's central business district. Inside, it is packed with small, specialist clinics -- a high-class mega-mall for medicine that serves the local mar

    July 25, 2017 10:27 am JST
  • Didi, SoftBank aim to encircle Uber with Grab funding

    CHONGQING -- The race to capitalize on Southeast Asia's tech-driven sharing economy is sizzling as Didi Chuxing and SoftBank Group move to push back against U.S. titan Uber Technologies in their backyard with their new $2 billion investment in Grab,

    July 25, 2017 08:00 am JST
  • CapitaLand residence arm goes on US, Australian buying spree

    SINGAPORE -- CapitaLand unit Ascott has made its second acquisition this month as the serviced-residence subsidiary of Southeast Asia's largest real estate company moves aggressively to expand its presence in the U.S., Australia and beyond.Ascott wi

    July 25, 2017 12:54 am JST
  • Singapore shares fall ahead of bank earnings, Malaysia stocks gain

    SINGAPORE (Nikkei Markets) -- Singapore shares edged lower on Monday as investors awaited earnings from the city-state's main banks. Malaysia stocks, led by DiGi.Com, edged higher.Most Asian markets were lackluster on Monday following tepid cues fro

    July 24, 2017 09:09 pm JST
  • Nikkei Asia300 index advances as Tencent, mainland stocks gain

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose Monday, led by Tencent Holdings and other mainland companies.The Nikkei Asia300 index rose 0.6% to 1,292.08. Heavyweight Tencent closed above HK$300 for the first time, advancing 1.8%

    July 24, 2017 08:56 pm JST
  • CapitaLand's Ascott buys US accommodation provider for $33.7m

    SINGAPORE (Nikkei Markets) -- CapitaLand's wholly owned serviced residence business unit, The Ascott, will acquire an 80% stake in US accommodation provider Synergy Global Housing for $33.7 million, in a move that will triple its US portfolio to aro

    July 24, 2017 09:28 am JST
  • Prospects fade for ASEAN migrant worker deal

    JAKARTA -- Official crackdowns on emigrants in Malaysia and Thailand have cast further doubt on over prospects that member countries of the Association of Southeast Asian Nations can finalize a long discussed deal on migrant workers' rights.In June

    July 22, 2017 02:00 pm JST
  • Hashtag Travelers

    Airbnb extends market leadership through experience-based tourism

    TOKYO/SINGAPORE -- It is a warm June morning and Zhang Yu, 35, is walking through a small neighborhood supermarket in Tokyo, wondering what ingredients would be needed for lunch.She had arrived from China a few days beforehand and, despite being on

    July 22, 2017 12:00 pm JST
  • Singaporean bank UOB planning wholly owned unit in Vietnam

    HO CHI MINH CITY -- Singapore's United Overseas Bank has gotten the green light to set up its first wholly owned Vietnamese subsidiary, targeting individuals and local businesses as well as foreign investors.The State Bank of Vietnam central bank on

    July 22, 2017 02:27 am JST
  • Muji speeds up expansion in South, Southeast Asia

    SINGAPORE -- Muji, the Japanese lifestyle-goods retailer operated by Ryohin Keikaku, is accelerating its expansion in South and Southeast Asia to better tap the spending power of the regions' growing middle class. Symbolizing that push was the openi

    July 21, 2017 11:05 pm JST
  • Flat sales, lower rents for Singapore's largest mall owner show pressure on retail

    SINGAPORE (Nikkei Markets) -- The tepid results of Singapore's largest retail landlord point to a continued struggle for mall owners in the city-state as they battle fast-changing consumer habits and an expected increase in the number of shopping ce

    July 21, 2017 09:34 pm JST
  • Singapore stocks post fourth week of gains; Malaysia shares advance

    SINGAPORE (Nikkei Markets) -- Singapore stocks rose this week, helped by a rally in real estate investment trusts after their earnings and expectations that the U.S. will be less aggressive in raising interest rates. Malaysia shares edged higher, en

    July 21, 2017 09:12 pm JST
  • Nikkei Asia300 index edges higher for week as technology stocks advance

    HONG KONG (Nikkei Markets) -- Asian shares outside of Japan rose this week, as heavyweight Tencent Holdings led a rally in technology stocks. Gains were also supported by China's second-quarter growth exceeding estimates.The Nikkei Asia300 index sli

    July 21, 2017 08:44 pm JST