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  • Burberry blooms in Asia

    LONDON -- In its first earnings announcement since CEO and chief designer Christopher Bailey took the helm, British fashion label Burberry said it will relaunch in Japan as part of a broader expansion into the Asia-Pacific. Japan is still the wo

    May 29, 2014 12:00 am JST
  • Exclusive interview: Najib determined to convince Malaysians that TPP has merits

    KUALA LUMPUR -- Talks on the Trans-Pacific Partnership trade agreement need a "critical push," Malaysian Prime Minister Najib Razak said last week, expressing his intention to persuade domestic opponents to accept a deal. In an interview with th

    May 29, 2014 12:00 am JST
  • $1.5B Philippine rail contract attracts one bidder

    MANILA -- A consortium led by Ayala Group and Metro Pacific Investments emerged as the lone bidder for a 65 billion-peso ($1.5 billion) contract to expand Southeast Asia's oldest elevated railway. The project is also the biggest public-private p

    May 28, 2014 07:03 pm JST
  • Filipino talent may steer Japanese shipper to long-term growth

    TOKYO -- Many Japanese companies are keen to globalize their payrolls. They see this as their ticket to surviving ever fiercer international competition, though finding the right people can be a challenge. Nippon Yusen, a major Japanese shipping

    May 28, 2014 07:00 pm JST
  • Philippines' Ayala Land to raise $114 million via 'Homestarter' bonds

    MANILA -- Ayala Land, one of the largest real estate companies in the Philippines, plans to raise up to 5 billion pesos ($114 million) by issuing "Homestarter" bonds to retail investors. In a stock exchange filing Tuesday, the company said it w

    May 27, 2014 06:50 pm JST
  • Japanese ATM equipment maker to open new Philippine plant

    OSAKA -- Money-handling machine manufacturer Glory will place a new plant into service in the Philippines in October to meet rapidly climbing Asian demand for ATMs. The Japanese company's local subsidiary, which already operates two plants, will

    May 27, 2014 04:28 am JST
  • Nascent El Nino threatens to leave some Asian economies parched

    TOKYO -- A Pacific weather pattern that spells trouble for agriculture-dependent Asian countries appears to be on its way. Signs that the El Nino phenomenon is developing for the first time in five years are spurring economists to mull the implicati

    May 25, 2014 07:00 am JST
  • Bright prospects, murky disputes pondered at World Economic Forum on East Asia

    MANILA -- Growth and risks were the dominant themes as international luminaries descended on the Philippine capital May 21-23 for the 23rd World Economic Forum on East Asia. Toshiba Chairman Atsutoshi Nishida, one of the forum's co-chairs, said

    May 24, 2014 08:00 pm JST
  • Thai instability to impact region: Asean chief

    TOKYO -- Le Luong Minh, the secretary general of Asean, said Friday that events unfolding in Thailand are likely to have an impact on regional integration. "We are in the process of building the Asean Economic Community," Minh said. "Peace and s

    May 23, 2014 04:00 pm JST
  • South China Sea tensions threaten global economy: Vietnamese PM

    MANILA -- Vietnamese Prime Minister Nguyen Tan Dung on Thursday said territorial disputes among East Asian countries could derail economic growth worldwide. Speaking at the opening plenary of the 23rd World Economic Forum on East Asia, Dung said

    May 23, 2014 12:00 pm JST
  • Canon to offer regional Asian warranties on cameras

    BEIJING -- Canon will start providing a digital camera warranty service covering 14 markets of Asia, including China and India, this September. Travelers will be able to get their cameras repaired and inspected in the multiple Asian countries th

    May 23, 2014 03:48 am JST
  • Philippine-controlled unit to drill disputed Reed Bank without China partner

    MANILA -- A unit of Philex Petroleum, led by Filipino businessman Manuel V. Pangilinan, plans to commence exploratory drilling at a disputed area in the South China Sea despite inconclusive talks with China National Offshore Oil (CNOOC), a potential

    May 22, 2014 07:15 pm JST
  • Ayala power unit taps Shanghai Electric to build $1B thermal plant

    MANILA -- A joint venture backed by Philippine conglomerate Ayala Group has tapped China's Shanghai Electric Power Construction to build a $1 billion thermal facility that is expected to be operational by 2017. A filing at the Philippine Stock E

    May 22, 2014 01:00 pm JST
  • Philippines' Alliance Global 1Q profit rises 11% as real estate leads way

    MANILA -- Alliance Global Group's profit climbed 11% on the year in the first quarter of 2014, thanks to strong earnings from real estate, liquor and gaming subsidiaries. The Philippine conglomerate posted a net profit of 3.94 billion pesos ($90

    May 22, 2014 12:30 pm JST
  • Indonesian companies using homegrown profits to buy assets abroad

    JAKARTA -- Leading Indonesian companies are rushing to acquire foreign assets, looking to use profits reaped from strong domestic demand to cultivate resources for overseas growth and enhance their international competitiveness. State-owned gas

    May 22, 2014 03:28 am JST
  • Philippines' Emperador out to build global liquor empire

    MANILA -- With 33 million cases sold last year, Emperador is the world's top producer of brandy by volume. But the Philippine distiller announced a deal in earlier this month that shows the company's thirst for growth remains unquenched. Emperad

    May 22, 2014 12:00 am JST
  • Philippines' Emperador out to build global liquor empire

    MANILA -- With 33 million cases sold last year, Emperador is the world's top producer of brandy by volume. But the Philippine distiller announced a deal in earlier this month that shows the company's thirst for growth remains unquenched. Emperad

    May 22, 2014 12:00 am JST
  • China tests US mettle in South China Sea

    BEIJING -- China's construction of an oil rig in waters claimed by Vietnam is the latest in a series of moves to tighten its grip on disputed territories in the South China Sea. The actions show that President Xi Jinping's leadership is trying t

    May 22, 2014 12:00 am JST
  • Globe Telecom looks beyond Philippines for growth

    MANILA -- Globe Telecom, the Philippines' second-largest mobile carrier, is working to expand its overseas operations, as the domestic market leaves little room for future growth. The company is a unit of the Philippine conglomerate Ayala. Singa

    May 21, 2014 01:00 pm JST
  • Philippines aims to lure Japanese investors with Tokyo roadshow

    MANILA -- The Philippine government plans to hold a roadshow in Tokyo by next quarter in a bid to attract investment by Japanese businesses in Southeast Asia's fastest-growing economy. The event, planned for July, showcases bilateral economic ti

    May 21, 2014 05:00 am JST