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  • Export growth brings currency headaches for Asia

    SINGAPORE/MUMBAI Pasir Panjang, a port in southern Singapore, is bustling with activity. Total container throughput in August rose 9.9% on the year to 2.94 million TEUs (twenty-foot equivalent units), according to the Maritime and Port Authority of

    September 21, 2017 10:00 am JST
  • Don't neglect globalization's 'losers'

    SINGAPORE While globalization can bring about healthy competition and push companies to change for the better, it is important not to neglect those who lose out in such competition, according to Indonesian Finance Minister Sri Mulyani Indrawati.Spea

    September 21, 2017 10:00 am JST
  • Chinese makers offer Asia what Apple doesn't: Affordability

    BANGKOK On a recent Saturday morning, the MBK Center, a regional mecca for electronic gadgets in the heart of the Thai capital, was crowded with young technology buffs. Just days earlier, Apple had unveiled its iPhone X, but despite the worldwide bu

    September 21, 2017 10:00 am JST
  • The allure of Indonesia's beautiful giants of the deep

    KWATISORE, Indonesia Balanced precariously on wooden struts that jolt upward with every passing wave, three fishermen lean over the sea to lower buckets of baitfish into the waters of Cenderawasih Bay. Beneath them, the meter-wide gasping maw of a w

    September 21, 2017 10:00 am JST
  • Richard Heydarian: ASEAN can act as a bridge for the two Koreas

    The Association of Southeast Asian Nations could play an effective role in easing tensions over North Korea's nuclear and missile program because of its ties with both Koreas.North Korea appears well on its way to becoming a nuclear power. As the wo

    September 21, 2017 10:00 am JST
  • East Ventures launches $30m fund for Indonesian startups

    JAKARTA -- Singapore-based venture capital company East Ventures on Thursday said it will launch a $30 million fund to invest in early-stage technology startups in Indonesia.The company's sixth investment vehicle comes less than a year after a $27.5

    September 21, 2017 03:01 am JST
  • Macromill to buy US peer Acturus, gain foothold in SE Asia

    TOKYO -- Macromill, Japan's biggest online market research company, will acquire U.S. peer Acturus for roughly 1.5 billion yen ($13.4 million) and invest in a Japanese firm operating in Southeast Asia, eyeing a a larger slice of a global survey mark

    September 21, 2017 12:37 am JST
  • Indonesia's PLN lists power plant-backed securities

    JAKARTA -- Utility firm Perusahaan Listrik Negara raised 4 trillion rupiah ($300 million) in fresh funds from Wednesday's listing of its first asset-backed securities -- the second such issuance by an Indonesian state-owned company for infrastructur

    September 20, 2017 06:35 pm JST
  • Myanmar's neighbors cold-shoulder Suu Kyi's address

    KUALA LUMPUR -- Asian countries have continued to call on Myanmar to take immediate action to resolve the Rohingya refugee crisis. Their demand came after Myanmar's de facto leader Aung San Suu Kyi's speech on Tuesday, in which she promised to re-ad

    September 20, 2017 06:24 pm JST
  • Interview

    Philippine antitrust watchdog asks Duterte for big personnel boost

    MANILA -- The Philippines' antitrust watchdog plans to significantly bolster its manpower as it braces for a "deluge" of complaints on monopolies, cartels and other anti-competitive practices. "We are submitting a proposal to the Office of the Presi

    September 20, 2017 11:00 am JST
  • Chinese bike-share operators making tracks for Southeast Asia

    SINGAPORE/BANGKOK -- Chinese bike-sharing startups Mobike and Ofo are expanding to several Southeast Asian countries, betting that the push by local governments to encourage cycling will overcome the region's structural barriers against the mode of

    September 20, 2017 10:30 am JST
  • Biggest Asian workforces underprepared for digital future: survey

    HONG KONG -- The economies of China, India and Indonesia are digitizing fast, but their populations may not be well equipped to reap the benefits of a world experiencing rapid globalization, urbanization and technological innovation, according to a

    September 20, 2017 01:25 am JST
  • Singapore's Keppel to develop luxury apartments in Jakarta

    SINGAPORE -- Property developer Keppel Land, a subsidiary of Singapore conglomerate Keppel Corp. said Tuesday it has agreed to acquire a prime site in Jakarta's central business district from Indonesia's Bank Central Asia for 586 billion rupiah ($44

    September 19, 2017 10:21 pm JST
  • Singapore tycoon to invest $5bn in data storage

    SINGAPORE -- Local tycoon Oei Hong Leong has made a rare announcement of his next investment target: data centers in Singapore. The second son of the founder of Indonesian conglomerate Sinar Mas Group said he had set up a company to invest $5 billio

    September 19, 2017 09:36 pm JST
  • Export growth brings currency headaches for Asia

    SINGAPORE/MUMBAI -- Pasir Panjang, a port in southern Singapore, is bustling with activity. Total container throughput in August rose 9.9% on the year to 2.94 million TEUs (twenty-foot equivalent units), according to the Maritime and Port Authority

    September 19, 2017 12:05 pm JST
  • ASEAN seeks strong Japanese presence in Asia to counter China

    TOKYO -- Japanese Prime Minister Shinzo Abe on Thursday met his Indian counterpart Narendra Modi -- his closest political friend in Asia -- for the tenth time. The two, both conservative politicians, became good friends about a decade ago, when Modi

    September 19, 2017 08:15 am JST
  • Asia foreshadows rise of Chinese smartphones as iPhone X unveiled

    BANGKOK -- On Saturday morning the MBK Center, a regional electronic gadget Mecca in the heart of the Thai capital, was crowded with young technology buffs after the unveiling of the iPhone X, the latest smartphone model from Apple. Yet despite the

    September 18, 2017 01:00 pm JST
  • Emerging market stocks break records as money gushes in

    BANGKOK -- Waning prospects for higher U.S. interest rates have freed investors to pour money into emerging equity markets, with leading benchmarks in the Philippines, Brazil and elsewhere posting all-time highs in recent weeks.The Philippine Stock

    September 18, 2017 03:14 am JST
  • Central Group, JD.com to pour $500m into JVs in Thailand

    BANGKOK -- Thailand's retail giant Central Group and China's second-largest online shopping site operator JD.com have signed a deal to set up e-commerce and fintech joint ventures in Thailand.With a combined investment of $500 million, Central hopes

    September 15, 2017 06:23 pm JST
  • US needs to shift North Korea policy to deterrence: expert

    SINGAPORE -- The latest sanctions on North Korea agreed at the United Nations Security Council are important, but not sufficient to stop Kim Jong Un's ambition to make his country a nuclear-armed state, a prominent political expert said in an interv

    September 15, 2017 04:46 pm JST