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  • Nikkei Asia300 Index declines as Tencent falls after earnings

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Thursday, as losses in heavyweight Tencent Holdings wiped off earlier gains after the U.S. Federal Reserve stuck to its interest rate projections for 2018.The Nikkei Asia300 Index fell 0.8% to

    March 22, 2018 10:03 pm JST
  • Philippines' exchanges merger under threat

    MANILA -- The Philippine Stock Exchange's bid to create a unified bourse for stock and bond trading is in danger of being scuttled, with no less than a state-backed lender moving to thwart the merger.PSE chief executive Ramon Monzon said on Thursday

    March 22, 2018 09:38 pm JST
  • Shetty and Testaverde

    Southeast Asia needs better labor migration policies

    One of the many signs of growing economic integration in Southeast Asia is a surge in labor migration.While not as high as migration flows elsewhere in the world, the number of people in the 10 member countries of the Association of Southeast Asian

    March 22, 2018 07:00 am JST
  • Philippines sees gross gaming revenue rising 9.4% to $3.57bn in 2018

    MANILA -- The Philippines expects gross gaming revenue to grow 9.4% to 186 billion pesos ($3.57 billion) this year, with online casinos playing a key role in the expansion, the chief of the country's industry regulator said on Tuesday.Andrea Domingo

    March 20, 2018 08:53 pm JST
  • Nikkei Asia300 Index falls tracking US stock losses

    MUMBAI (NewsRise) -- Asian stocks outside of Japan edged lower on Tuesday after U.S. indexes plunged overnight, paced by losses in technology companies.The Nikkei Asia300 Index fell 0.1% to 1,466.04. Ayala Corp. tumbled 7.2%. IFR, a Thompson Reuters

    March 20, 2018 08:49 pm JST
  • Singtel expands mobile wallet across Southeast Asia and India

    SINGAPORE -- Singapore Telecommunications is expanding its mobile wallet service across Southeast Asia and India by linking the product with those of affiliated companies, in a bid to tap into growing demand for mobile payments among regional travel

    March 20, 2018 07:41 pm JST
  • Richard Heydarian

    Australia right to huddle closer to Southeast Asia

    By the standards of global diplomacy, Australia's decision to host its first-ever summit with the Association of Southeast Asian Nations last weekend is hardly epoch-making.But in its modest way, it is a signal of how the great powers are changing t

    March 20, 2018 02:30 pm JST
  • Most SE Asian companies plan divestments over next 24 months

    SINGAPORE -- There is a strong intention among Southeast Asian companies to divest parts of their businesses, with rapid technological developments putting pressure on them to change existing business models in order to remain competitive, according

    March 19, 2018 09:47 pm JST
  • Nikkei Asia300 Index edges lower as Samsung, LG decline

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Monday, led by shares of display suppliers after a report that Apple is developing its own screen display technology. South Korean car makers also declined.The Nikkei Asia300 Index declined 0.4

    March 19, 2018 08:34 pm JST
  • Alibaba to invest additional $2bn in Lazada

    BEIJING (Reuters) -- Alibaba Group Holding Ltd said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive e

    March 19, 2018 05:09 pm JST
  • Philippines set to issue $230mn panda bond, first for SE Asian borrower

    MANILA (Reuters) -- The Philippines said it will issue an inaugural 1.46 billion yuan ($230 million) three-year "panda" bond in the onshore Chinese market on Tuesday.IFR, a Thomson Reuters publication, reported that the Philippines, set to be the fi

    March 19, 2018 04:35 pm JST
  • Philippines' Duterte calls for mass withdrawal from ICC

    MANILA (Reuters) -- Philippines President Rodrigo Duterte on Sunday called for other signatories of the Rome Statute that established the International Criminal Court (ICC) to join his country in withdrawing from the treaty.Duterte's comments during

    March 19, 2018 01:45 am JST
  • Australian and ASEAN pursue maritime code of conduct

    SYDNEY -- Southeast Asian leaders urged adoption of a code of conduct for the South China Sea at the end of a special summit hosted by Australia, sending a message meant to be heard in China.The two-day meeting of the Association of Southeast Asian

    March 19, 2018 01:37 am JST
  • Australia to fund project to prepare ASEAN cities for massive growth

    SYDNEY (Kyodo) -- Australia announced Sunday it will provide A$30 million (US$23.15 million) to finance a "Smart Cities" initiative to help urban centers throughout Southeast Asia cope with explosive growth.In a statement released on the last day of

    March 18, 2018 09:56 pm JST
  • Southeast Asia says gravely concerned about North Korea weapons

    SYDNEY (Reuters) -- The Association of Southeast Asian Nations and Australia said on Sunday they held "grave concerns" about escalating tensions caused by North Korea's nuclear and missile programmes."We strongly urge the DPRK to immediately and ful

    March 18, 2018 03:32 pm JST
  • Japan's import prices for daily goods sink further

    TOKYO -- Import prices for apparel and daily goods in Japan plunged last year, as growing labor costs in China push companies to automate or move production to Southeast Asia.The price of imported clothing fell by 1.7%, the sharpest drop since a 2.1

    March 18, 2018 02:08 pm JST
  • Kuwait reaches deal with Philippines on domestic workers - KUNA

    DUBAI (Reuters) -- Kuwait and the Philippines have signed an agreement regulating some working conditions for domestic workers in the Gulf State, Kuwait's state news agency KUNA reported on Saturday.The deal may end a two-month crisis sparked by rep

    March 18, 2018 07:32 am JST
  • Nikkei Asia300 Index falls amid U.S. political uncertainty

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday amid more U.S. political uncertainty and one more report of President Donald Trump preparing to impose tariffs on China.The Nikkei Asia300 Index declined 0.5% to 1,473.18.Concerns over U

    March 16, 2018 08:43 pm JST
  • Australia courts Southeast Asia with unprecedented summit

    MELBOURNE -- This weekend will see an unprecedented summit between the Australian prime minister and Southeast Asian leaders when they meet in Sydney to work on enhancing security cooperation and business ties.Prime Minister Malcolm Turnbull, the le

    March 16, 2018 05:18 pm JST
  • San Miguel lifts recurring profit 11%, driven by food and fuel

    MANILA -- San Miguel, the Philippines' largest listed company by sales, boosted recurring profit 11% to 54.7 billion pesos ($1.05 billion) in 2017, while consolidated revenues surged 21% to 826 billion pesos, the company said Thursday.Recurring prof

    March 15, 2018 09:01 pm JST