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  • Subaru maker to produce Forester SUV in Malaysia

    TOKYO -- Fuji Heavy Industries plans to begin assembling its mainstay Forester sport utility vehicle in Malaysia by fiscal 2016. The maker of Subaru vehicles will ship engine and other core components from Japan, and build the vehicles at a faci

    May 21, 2014 12:34 am JST
  • Singapore leader envisions Asean as arbiter between powers

    SINGAPORE -- The Association of Southeast Asian Nations can play a major role in balancing power in Asia, according to Singaporean Prime Minister Lee Hsien Loong. The bloc, in Lee's view, is well-positioned to promote communication and help ease ten

    May 20, 2014 11:52 pm JST
  • TPP vital not just economically but strategically: Lee Hsien Loong

    SINGAPORE -- Differences between the U.S. and Japan over tariff reductions and the reluctance of Southeast Asian nations to eliminate advantages their state-owned companies have over private rivals have hampered negotiations for the Trans-Pacific Pa

    May 20, 2014 11:00 pm JST
  • South Korean joint venture bags Philippine airport deal

    MANILA -- A joint venture between South Korea's Kumho Industrial and GS Engineering & Construction has clinched an $82.9 million contract to expand an airport in the western Philippines. In a statement released Tuesday, the Philippine Transporta

    May 20, 2014 06:30 pm JST
  • Asia-Pacific trade ministers meet in China amid tensions at sea

    QINGDAO, China (Kyodo) -- Asia-Pacific trade ministers gathered Saturday for a two-day meeting in the eastern Chinese port city of Qingdao to identify priorities for cooperation in the region that accounts for over half of the world's growth, a

    May 17, 2014 04:03 pm JST
  • Vietnam, Philippines joining hands against China

    HANOI -- Vietnam and the Philippines are starting to solidify an alliance against China to better deal with territorial conflicts in the South China Sea. Vietnamese Prime Minister Nguyen Tan Dung will pay an official visit to the Philippines Wed

    May 17, 2014 03:27 am JST
  • San Miguel brings its airport plan to President Aquino

    MANILA -- San Miguel has pitched its plan to build a massive airport to President Benigno Aquino. The unsolicited proposal -- which comes amid constant criticism of this metropolis's aging and dilapidated aviation hub -- was formally presented t

    May 16, 2014 07:30 pm JST
  • GIC invests in Philippine hospital operator

    MANILA -- Singapore's sovereign wealth fund GIC plans to invest up to 10.2 billion Philippine pesos ($233 million) in Metro Pacific Investments in exchange for a stake in the latter's hospital group. In a stock exchange filing on Friday, Metro P

    May 16, 2014 06:50 pm JST
  • Showdown in Asia's budget skies: Setting the standard

    Budget airlines have transformed the way people in Asia think about travel. Corporations have even become accustomed to using these airlines for company travel. This is a sign that the sector is now mainstream. But Asia's budget airline growth

    May 16, 2014 03:00 am JST
  • Showdown in Asia's budget skies: Taking off

    HANOI -- Southeast Asia's expanding aviation market is connecting the region like never before. And budget airlines are leading the way. This has inspired the term "airnomics," in which the traffic of people, goods and money in the region increases

    May 16, 2014 03:00 am JST
  • San Miguels join forces to expand beer brand

    MANILA -- Philippines' San Miguel Brewery and Spain's Mahou San Miguel have forged an alliance to expand the beer brand's global footprint. According to a joint statement released Wednesday, the two companies "have signed a cooperation agreement

    May 15, 2014 03:29 pm JST
  • Chodai brings its consulting innovations to small hydroelectric projects

    TOKYO -- The Japanese construction consulting company Chodai is looking to small hydroelectric power plants located overseas to expand its services. The company is using a modified version of its road management system to monitor and improve the eff

    May 15, 2014 01:00 pm JST
  • Beijing flexing its muscles in South China Sea

    BEIJING -- An oil rig being built in waters also claimed by Vietnam is among China's latest moves to tighten its grip over disputed territories in the South China Sea, as it looks to both appease hawks in Beijing and test the U.S.'s mettle. The

    May 15, 2014 06:18 am JST
  • Taking off

    HANOI -- Southeast Asia's expanding aviation market is connecting the region like never before. And budget airlines are leading the way. This has inspired the term "airnomics," in which the traffic of people, goods and money in the region increases

    May 15, 2014 12:00 am JST
  • Setting the standard

    Budget airlines have transformed the way people in Asia think about travel. Corporations have even become accustomed to using these airlines for company travel. But Asia's budget airline growth over the past decade has also been exceptional in

    May 15, 2014 12:00 am JST
  • The sky's limit

    BANGKOK -- Don Mueang International Airport, Bangkok's original international gateway, closed in 2006 after more than eight decades of service. There was a new, $4 billion hub in town -- Suvarnabhumi Airport. But thanks to the popularity of budg

    May 15, 2014 12:00 am JST
  • Southeast Asian bourses woo foreigners with new products

    MANILA -- Southeast Asian countries are offering unique investment products targeting foreign investors as they challenge Asia's major stock markets in Japan and China. The Philippine Stock Exchange will set up an Islamic stock index and introdu

    May 15, 2014 12:00 am JST
  • Philippine port operator ICTSI's profit surges 29% in Q1

    MANILA -- The Philippines' biggest port operator, International Container Terminal Services (ICTSI) saw its profit jump 29% to $52.4 million last quarter ended in March, on the back of a one-time gain and increased volume of handled containers.

    May 14, 2014 06:36 pm JST
  • Philippine conglomerate SM Investments' 1st-quarter profit drops 16%

    MANILA -- SM Investments Corp., the Philippines' biggest conglomerate, said Wednesday its net profit fell 16% on the year in the first quarter of 2014. The company pinned the blame on lower contributions from its banking unit. Owned by Henry Sy

    May 14, 2014 04:50 pm JST
  • Philippines' population power to bring car-sales boom

    MANILA -- The Philippines used to boast only meager car sales, with the huge gap between rich and poor meaning only a wealthy few were able to afford vehicles of their own. Years of political turmoil and sluggish growth only made matters worse. Thes

    May 14, 2014 01:00 pm JST