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  • Coming week may determine fate of TPP and shape global trade

    TOKYO -- For seven days spanning this week and next, leaders and ministers from Asia and the Pacific region will gather in Danang, Vietnam, then in Manila, for meetings of the Asia-Pacific Economic Cooperation and the Association of Southeast Asian

    November 8, 2017 07:14 pm JST
  • Southeast Asian auto sales poised for growth again in 2017

    BANGKOK--The Southeast Asian auto market, buoyed by strong sales in Thailand and the Philippines, appears on the verge of a second straight year of growth in 2017.New-auto sales in six major countries in the region climbed 5% on the year to around 2

    November 8, 2017 11:00 am JST
  • Philippine developers on track to hit targets after strong 3Q

    MANILA -- Two big real estate developers in the Philippines, SM Prime Holdings and Ayala Land, said they are on course to meet their earnings growth forecasts after third-quarter results came in solid.SM Prime's net profit rose 16% to 5.66 billion p

    November 7, 2017 09:27 pm JST
  • Nikkei Asia300 Index rises after Wall Street, crude oil gains

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Tuesday after U.S. equities climbed to record highs overnight. Energy stocks paced gains in U.S. as well as Asian markets.The Nikkei Asia300 Index rose 0.4% to 1,393.39.All three main U.S. stoc

    November 7, 2017 08:52 pm JST
  • Munir Majid

    Southeast Asia does not need Trump's rhetoric

    The phrase "boots on the ground," often used by American leaders to describe the importance of deploying actual soldiers to support U.S. interests, represented a military commitment and actual physical presence.As he tours Asia, U.S. President Donal

    November 7, 2017 07:00 am JST
  • Philippines' San Miguel bundles food, beer, liquor units in $6.6bn deal

    MANILA -- Philippine conglomerate San Miguel on Monday said it would combine its food, beer and liquor units into a single entity under a 336.35 billion pesos ($6.55 billion) share-swap transaction.In a stock exchange filing on Monday, the Philippin

    November 6, 2017 08:08 pm JST
  • Philippines' Metro Pacific expanding into Indonesia

    MANILA -- Philippine infrastructure conglomerate Metro Pacific Investments is expanding into Indonesia, the home turf of its principal shareholder, Salim Group.Metro Pacific told the Philippine Stock Exchange on Monday that a unit of its tollway arm

    November 6, 2017 02:28 pm JST
  • Trump seeks to further isolate North Korea in Asia: McMaster

    WASHINGTON -- U.S. President Donald Trump hopes to work with Asian nations to continue isolating North Korea while building fair trade relations with all partners on his first official trip to the region, his national security adviser told media out

    November 4, 2017 03:08 am JST
  • Megaworld plowing money into Philippine urban development projects

    MANILA -- Philippine property developer Megaworld is racing to beef up its portfolio of urban business and commercial properties in order to capitalize on the country's brisk economic growth.The real estate unit of Alliance Global Group, a leading P

    November 3, 2017 07:39 pm JST
  • Philippines' Jollibee shuts hotpot chain in Shanghai

    MANILA -- Philippine quick-service restaurant group Jollibee Foods has shut its hotpot business in Shanghai in its latest move to concentrate on larger ventures in China.In a Philippine Stock Exchange filing on Thursday, the company said it ceased o

    November 2, 2017 07:12 pm JST
  • 5 things to watch during Trump's visit to Asia

    TOKYO -- U.S. President Donald Trump will embark on a 12-day, five-nation tour of Asia, starting Friday Nov. 3 and running through Nov. 14. This will be his longest overseas trip as president and see him in Japan, South Korea, China, Vietnam and the

    November 2, 2017 05:55 pm JST
  • With its eye on China, Japan pledges $9 billion in Philippine aid

    TOKYO Japanese Prime Minster Shinzo Abe has pledged to deliver nearly $9 billion in aid to Philippine President Rodrigo Duterte to rebuild battle-damaged areas of Mindanao island and improve infrastructure throughout the country.Abe and Duterte sign

    November 2, 2017 10:00 am JST
  • Philippines manufacturing PMI posts solid gain in October

    TOKYO -- The Nikkei Philippines Manufacturing Purchasing Managers' Index, or PMI, expanded at a solid pace in October, signalling a marked pick-up in the pace of improvement in operating conditions.The composite indicator of manufacturing performanc

    November 2, 2017 09:30 am JST
  • ASEAN manufacturing PMI inches up in October

    TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, edged up slightly in October, signalling a mild improvement in the health of the sector.The composite indicator of manufacturing performance stood at 50.4 in October, up sli

    November 2, 2017 09:30 am JST
  • India plunges to 108th in gender equality ranking

    TOKYO -- Asia's largest economies dropped in the World Economic Forum's latest gender equality ranking, announced on Thursday, with India falling 21 places to 108th.The new Global Gender Gap Index shows that while the region has become a major drive

    November 2, 2017 08:05 am JST
  • Sumitomo Warehouse plans more SE Asian logistics centers

    TOKYO -- Sumitomo Warehouse will spend roughly 4 billion yen ($35 million) to build three storage facilities in two Southeast Asian countries, hoping to capture demand from Japanese manufacturers stepping up operations in these markets.Thailand will

    November 2, 2017 04:56 am JST
  • Nikkei Asia300 Index rises as Indian mobile phone operators, Chinese insurers rally

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Wednesday, helped by gains in Indian mobile phone operators, China insurers, and South Korean chipmakers.The Nikkei Asia300 Index advanced 1.2% to 1,381.75.Investors digested data on manufa

    November 1, 2017 08:54 pm JST
  • Thailand and Vietnam jump in business-friendliness ranking

    TOKYO -- Asia's emerging economies, including Thailand and India, have become significantly more business-friendly, according to this year's Ease of Doing Business Ranking published by the World Bank on Tuesday.Singapore, South Korea and Hong Kong m

    November 1, 2017 01:55 pm JST
  • Pavida and Thitinan

    Business will boost US ties with ASEAN even under Trump

    It has become a cliche to note the ongoing power shifts in geopolitics and geoeconomics. China is on the rise with such launch pads as the Belt and Road Initiative, the Asian Infrastructure Investment Bank, and the Regional Comprehensive Economic Pa

    November 1, 2017 07:00 am JST
  • Nikkei Asia300 Index gains as South Korean stocks rally

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Tuesday, helped by a rally in South Korean shares after Seoul and Beijing agreed to normalize relations that were marred following the deployment of a U.S. anti-missile system in the Korean pen

    October 31, 2017 08:36 pm JST