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  • Philippines' Family Mart says mulling options amid reported sale plan

    MANILA -- Local owners of Family Mart are not ruling out a possible sale of the chain of convenience stores as the market remains crowded and competitive. Family Mart's entry into the Philippine market in 2013 was met with intense competition with e

    October 10, 2017 07:12 pm JST
  • Duterte creates Overseas Filipino Bank

    MANILA -- Philippines President Rodrigo Duterte has ordered the creation of a bank dedicated to servicing the financial needs of some 10.24 million Filipinos working overseas, it was announced on Monday.In late September, Duterte signed an executive

    October 10, 2017 05:54 pm JST
  • South Korea's gloom prevails despite manufacturing upturn

    HONG KONG -- Despite escalating threats from its northern neighbor, South Korea saw its manufacturing condition pick up on stronger domestic demand and output last month. But analysts remain cautious about the country's economic outlook as the ongoi

    October 10, 2017 11:05 am JST
  • FT Confidential Research

    Electric vehicle race is on in Southeast Asia

    Thailand is leading other Southeast Asian countries in providing incentives for consumers and investors to boost its domestic electric vehicle industry.Malaysia is dealing with Chinese manufacturers to speed up the adoption of battery-only electric

    October 10, 2017 11:00 am JST
  • Japan's elder care schools struggle with new visa rules

    TOKYO -- The makeup of the classroom at Japan Welfare Education College in Tokyo has changed dramatically in just a couple of years.In over 30 years of operating, barely a single international student walked through the door. This year, nearly one i

    October 10, 2017 12:23 am JST
  • Philippines apologizes to China for mistakenly using Taiwan logo

    MANILA -- The Philippines' Department of National Defense has apologized to China for mistakenly using the logo of Taiwan's defense ministry for an event acknowledging Beijing's donation of 3,000 rifles and 3 million rounds of ammunition.The wrong l

    October 9, 2017 08:09 pm JST
  • ASEAN migrant remittances equal to Myanmar GDP

    JAKARTA -- Vast differences in living standards and wages across Southeast Asia have driven a massive rise in migration in the region since the mid-1990s, resulting in an estimated 6.77 million migrant workers sending home substantial chunks of thei

    October 9, 2017 07:42 pm JST
  • Duterte's public support falls amid killings in drug war

    MANILA -- Support for President Rodrigo Duterte slid last quarter, falling to the lowest of his presidency by one measure even though two-thirds of the Philippine public remains satisfied with the leader, local pollster Social Weather Stations said

    October 9, 2017 04:37 am JST
  • Eswar Prasad and Karim Foda

    Economic breathing space is an opportunity to strengthen resilience

    The world economy has settled into a holding pattern, with a broad-based but plodding recovery underway characterized by weak productivity and investment growth. Both advanced and emerging market economies have maintained modest growth momentum, but

    October 8, 2017 07:00 pm JST
  • Malaysia arrests eight over suspected terror links

    KUALA LUMPUR (Reuters) -- Malaysia has arrested four foreigners and four Malaysians for suspected involvement in terrorist activities linked to Abu Sayyaf, the Islamic State and Jemaah Islamiah, the police said on Saturday.Among the foreigners arres

    October 7, 2017 09:38 pm JST
  • Nikkei Asia300 Index over 2% on week after US shares' record run

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced on Friday to end the week higher after U.S. equity indexes rose to fresh record highs on optimism over tax reforms.The Nikkei Asia300 Index rose 0.4% to 1,320.81 points Friday. The index is

    October 6, 2017 08:44 pm JST
  • Water unit of Philippines' Ayala eyes Thailand

    MANILA -- Ayala Corp.'s water distribution unit is working on a project in Thailand, a senior company official told the Nikkei Asian Review on Friday, as the group continues its drive into foreign markets.Listed Manila Water Co. is eyeing a bulk wat

    October 6, 2017 06:38 pm JST
  • Japan adding yen to standby lending facility for Philippines

    TOKYO -- Japan will lend yen to the Philippines in addition to dollars in the event of a financial crisis under a new currency agreement, a move meant to buffer bilateral trade from the vagaries of U.S. monetary policy.Under a standing agreement to

    October 6, 2017 03:03 am JST
  • Philippines' Metro Pacific buys third Mindanao hospital

    MANILA -- Metro Pacific Investments acquired a controlling stake in a Mindanao-based hospital, the Philippine infrastructure conglomerate said Thursday, extending the company's network to 14 medical centers and deepening its presence on President Ro

    October 6, 2017 12:34 am JST
  • Nikkei Asia300 Index edges higher as Singapore property developers advance

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Thursday, helped by Singapore property developers and positive U.S. cues.The Nikkei Asia300 Index rose 0.2% to 1,315.07. Trading was thin as markets in Hong Kong, China, and South Korea wer

    October 5, 2017 08:27 pm JST
  • Resona to offer M&A brokerage services in Southeast Asia

    SINGAPORE -- Resona Holdings will launch a mergers and acquisitions service in Southeast Asia for Japanese companies, with its Singaporean subsidiary at the core of the operation.Using Resona Merchant Bank Asia, formerly AFC Merchant Bank, acquired

    October 5, 2017 12:40 pm JST
  • Regional risks are brewing in Bangladesh's Rohingya camps

    COX'S BAZAR, Bangladesh The typical morning in Cox's Bazar might be described as tranquil. Boys and girls gather to peel the shells off shrimp brought in by small fishing boats. Tourists sit in quiet reflection on the beach, one of the world's longe

    October 5, 2017 10:00 am JST
  • Nikkei Asia300 Index advances tracking record U.S. stocks

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, buoyed by record-high U.S. equities, even as Chinese developers extended their gains.The Nikkei Asia300 Index advanced 0.3% to 1,312.51. Taiwan's financial markets were closed on Wed

    October 4, 2017 08:58 pm JST
  • World Bank warns of 'serious economic consequences' if North Korea dispute escalates

    SINGAPORE/BANGKOK -- The World Bank has taken the unusual step of warning that geopolitical tensions could jeopardize what is otherwise a positive picture of regional growth prospects in its semiannual East Asia and Pacific Economic Update.The repor

    October 4, 2017 11:00 am JST
  • World Bank says 64% of people who live in slums are in Asia

    SINGAPORE -- Around 64% of people who live in urban slums are in Asia, as the region experienced rapid rural-to-urban migration that has left millions of urban dwellers in poverty, according to the World Bank.East Asia, including China, was home to

    October 3, 2017 09:17 pm JST