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  • Nikkei Asia300 Index advances after Wall Street rebound

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Monday, boosted by a pullback in Treasury yields and the S&P 500 Index's climb to three-week highs.The Nikkei Asia300 Index rose 0.6% to 1,465.68. Hong Kong electric company CLP Holdings added

    February 26, 2018 08:46 pm JST
  • Philippines' Ayala takes over California solar tech company

    MANILA -- Philippine conglomerate Ayala Corp. has acquired a majority stake in a California-based solar-technology company, its latest push into "disruptive" assets.AC Industrials, Ayala's manufacturing unit, lifted its stake to 78.2% in Merlin Sola

    February 26, 2018 03:36 pm JST
  • Japanese candy makers ride Southeast Asia convenience store wave

    TOKYO -- The convenience store boom in Southeast Asia is providing midsize Japanese confectioners a new opportunity to enter the growing market. The stores' established distribution networks offer the candy makers instant access to sales channels, w

    February 26, 2018 12:00 pm JST
  • Cheap flights have Japanese flying to Seoul for lunch

    TOKYO -- Budget airlines and local carriers in Japan are expanding short-haul Asian routes originating in smaller domestic cities, with some set to offer one-way trips for less than 5,000 yen ($46.49).The new services are expected to change how peop

    February 25, 2018 03:10 pm JST
  • Nikkei Asia300 Index rebounds as Fed rate hike fears fade

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rebounded Friday, as negative reaction to hawkish U.S. Federal Reserve meeting minutes faded. Energy companies led the recovery after Brent crude prices rose to two-week highs.The Nikkei Asia300 Ind

    February 23, 2018 08:38 pm JST
  • Japan to promote "Indo-Pacific" strategy through aid: ODA paper

    TOKYO (Kyodo) -- Japan plans to use aid to developing countries to promote its "free and open Indo-Pacific" strategy, the government said Friday in its annual report on the country's official development assistance.Under the strategy, espoused by th

    February 23, 2018 10:03 am JST
  • Singapore eyes 30% stake in Manila airport expansion

    MANILA -- Singapore's Changi Airport Group intends to take a 30% stake in a project put forward by a consortium to expand the Manila airport into a regional aviation hub, according to a local businessman.Seven powerful conglomerates -- Ayala Corp.,

    February 22, 2018 10:09 pm JST
  • Nikkei Asia300 Index falls as Fed minutes boost rate hike bets

    MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Thursday as the threat of faster pace of U.S. rate increases damped demand for equities.The Nikkei Asia300 Index dropped 0.9% to 1,443.86.The losses on the index came after minutes of the U

    February 22, 2018 09:47 pm JST
  • Remittances from overseas Filipinos reach another record high

    MANILA Remittances from Filipinos working abroad set another record in 2017, but a recent labor policy could partially hold back the rising tide, at least temporarily.Total cash remittances sent home by overseas Filipino workers rose 4.3% to a recor

    February 22, 2018 10:00 am JST
  • James Crabtree: Emerging Asia risks never growing rich

    This should be a moment of grand optimism for Asia. The world economy is enjoying its fastest expansion in a decade. Forecasts show growth in developing nations accelerating especially quickly. Yet even putting the recent global stock market wobble

    February 22, 2018 10:00 am JST
  • Duterte faces key test in pursuit of third telecom company

    MANILA -- Partly to curb the Philippines' powerful conglomerates, and partly to create a tangible economic legacy, President Rodrigo Duterte is working to bring in a new player to the country's inefficient telecommunications sector.Duterte visited I

    February 22, 2018 08:03 am JST
  • Japan's defense against North Korea hamstrung on several fronts

    TOKYO -- As North Korea raises tensions in the region, Japan's Self-Defense Forces face a number of challenges on how to prepare, including tight budgets, a strained relationship with South Korea, and a national constitution that forbids offensive m

    February 21, 2018 09:58 pm JST
  • Malaysia arrests 10 over links with South Philippines militants

    KUALA LUMPUR (Reuters) -- Malaysian police have arrested 10 people on suspicion of aiding the movement of militants between the eastern state of Sabah and the southern Philippines, a hotbed of Islamic insurgency, the second batch of arrests this yea

    February 21, 2018 09:09 pm JST
  • Nikkei Asia300 Index gains, boosted by Taiwanese stocks

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, led by a rally in Taiwanese companies as they returned from Lunar New Year holidays.The Nikkei Asia300 Index advanced 1% to 1,456.50. Hong Kong-shares of Agricultural Bank of China (

    February 21, 2018 08:38 pm JST
  • Digital tech to help ASEAN unlock up to $627bn in productivity

    SINGAPORE -- Disruptive digital technologies could help Southeast Asian countries become true "factories to the world," generating anywhere from $216 billion to $627 billion worth of productivity gains, a new report by U.S. consultancy McKinsey & Co

    February 21, 2018 03:45 pm JST
  • Southeast Asia faces speed bumps to export-driven growth

    SINGAPORE -- Southeast Asia's strong exports and consumption, which helped sustain rapid growth throughout the region in 2017, are in a delicate spot as demand for electronic parts falls and interest rate hikes threaten to cool spending.Last year, V

    February 21, 2018 06:19 am JST
  • Nikkei Asia300 Index falls, dragged by Chinese banks, Singapore property developers

    MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Tuesday, as Chinese lenders pulled back and Singapore property developers slipped after an increase in taxes for buyers of high-value homes.The Nikkei Asia300 Index fell 0.3% to 1,441.72. S

    February 20, 2018 08:57 pm JST
  • Developers race to house Southeast Asian middle class

    YANGON/MANILA -- Property developers are charging into the market for affordable housing in Southeast Asia, seeking to profit as rising incomes make homeowners of the middle class.In the Philippine province of Cavite, a commuter region serving the c

    February 20, 2018 04:01 am JST
  • Philippines' Ayala finds toehold in Thailand with water deal

    MANILA -- Philippine conglomerate Ayala is pushing into Thailand, with a water investment marking its first big step.Ayala-led Manila Water has agreed to acquire 18.72% of Eastern Water Resources Development and Management, a publicly listed distrib

    February 19, 2018 08:17 pm JST
  • US sends signal to China with aircraft carrier's Asia tour

    WASHINGTON -- The arrival of an American aircraft carrier in the Philippines symbolizes heightened U.S. involvement in Asia as President Donald Trump steps up efforts to push back against China's rise.A carrier strike group led by the USS Carl Vinso

    February 19, 2018 06:08 am JST