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  • Indonesia may extend high-speed railway to cover airports

    BANDUNG, Indonesia -- The route for Indonesia's first high-speed railway may be extended by roughly 60km to reach airports, despite major construction delays that raise concerns about completing even the original project.The railway was designed to

    January 11, 2018 06:29 am JST
  • Nikkei Asia300 Index falls as Samsung, SK Hynix extend losses

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Wednesday, as South Korean chipmakers extended losses. Rising global bond yields also damped investor appetite.The Nikkei Asia300 Index dropped 0.5% to 1,461.70. Heavyweight Samsung Electronics

    January 10, 2018 09:28 pm JST
  • Cover story

    Asia's airline wars: The great profit squeeze in the sky

    SINGAPORE/HONG KONG -- On Jan. 3, Singapore Airlines shocked its customers with a plan to charge up to 50 Singapore dollars ($37) just to use a credit card to book its cheapest seats. The reaction was swift and furious. "Disgraceful money grab," wro

    January 10, 2018 03:30 pm JST
  • ASEAN manufacturing stagnant in December, despite ongoing strength

    HONG KONG -- ASEAN manufacturers ended 2017 with new orders falling, costs rising, and jobs disappearing -- but remain optimistic for this year.The Nikkei ASEAN Manufacturing Purchasing Managers' Index (PMI), an indicator of business conditions in t

    January 10, 2018 03:30 pm JST
  • Indonesia pivots to Islamic world, advances on world stage

    JAKARTA -- Indonesian Foreign Minister Retno Marsudi highlighted Indonesia's expanding role in tackling problems in the Muslim world in her New Year speech on Tuesday, in a sign of the country's growing global ambitions as it leaves behind an image

    January 9, 2018 10:32 pm JST
  • Nomura: Indonesia and Philippines to lead regional growth

    KUALA LUMPUR -- Economic growth in Indonesia and the Philippines will be sustained beyond 2018 driven by domestic demand and the rollout of infrastructure projects, Nomura Securities said in an economic outlook briefing on Tuesday. Brian Tan, Southe

    January 9, 2018 08:44 pm JST
  • Nikkei Asia300 Index little changed as Samsung, SK Hynix decline

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended little changed on Tuesday, as Samsung Electronics fell after its fourth-quarter profit estimate missed analyst forecasts.The Nikkei Asia300 Index closed almost unchanged at 1, 469.53. Samsung

    January 9, 2018 08:17 pm JST
  • ASEAN economies ill-prepared for old age

    The demographic dividend that helped drive ASEAN's strong economic growth from at least the 1990s is coming to an end.Some countries are further down this path than others. While Indonesia and the Philippines can continue to rely on their relatively

    January 9, 2018 11:00 am JST
  • Richard Heydarian

    Duterte fuels authoritarian revival

    Just a few years ago, Southeast Asia seemed to be on an ineluctable path to democratic maturity. The region's nations, large and small, archipelagic and continental, and all with diverse religious and colonial heritages, appeared to be moving toward

    January 9, 2018 07:00 am JST
  • Consumer services stand out in December in Asia PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index for December saw output growth in 15 of the 19 sectors monitored, the same number with the previous month.Consumer services (55.0) led the expansion, followed by automobiles and auto parts (

    January 8, 2018 09:30 am JST
  • William Pesek

    New faces at Asia central banks

    Asia investors typically scrutinize data, charts and market moves to divine central bank policy direction. This year, add the human factor.At least six Asian countries will replace or reappoint central bank chiefs in the months ahead: China, Indones

    January 8, 2018 07:00 am JST
  • Office sharing spreads in Southeast Asia on back of startups' rise

    BANGKOK -- A few footsteps away from the Phra Khanong Skytrain station here is Summer Hill, a three-floor community mall which recently opened its doors to customers. Among food and beverage retailers such as Starbucks, Swensen's and grocer Home Fre

    January 7, 2018 10:12 am JST
  • Nikkei Asia300 Index rises tracking global equity rally

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Friday as global equities extended their strong start to the year, fueled by upbeat economic data.The Nikkei Asia300 Index rose 0.6% to 1,460.07 on Friday, taking its advance this week to 3.2%.

    January 5, 2018 08:43 pm JST
  • New car sales in SE Asia climb 5% in November, up for 2nd month

    BANGKOK -- New-car sales in six major Southeast Asian markets rose 5% on the year in November last year, with Indonesia, the biggest market, holding the key to getting the region's market back onto a strong recovery track.Total unit sales in that mo

    January 5, 2018 08:20 pm JST
  • Nikkei Asia300 Index extends gains as refiners rally on rising crude

    MUMBAI (NewsRise) -- Asian stocks outside of Japan extended their gains on Thursday, as refiners rallied after crude oil prices rose to a more-than-two-year high. Upbeat U.S. manufacturing and construction data also buoyed market participants.The Ni

    January 4, 2018 08:39 pm JST
  • Specs retailer Owndays focuses on Indonesia

    TOKYO -- Japanese eyeglasses company Owndays has set its sights on Indonesia for the next stage of an aggressive overseas expansion drive.The immediate plan is to open the first three outlets in the country by March, expanding its extensive footprin

    January 4, 2018 01:20 pm JST
  • Glencore on offensive as zinc prices recover, China cuts production

    TOKYO -- Swiss mining giant Glencore's decision to drastically cut zinc production during a commodity price slump in 2015 is paying off and sending ripples through the market.The benchmark zinc futures on the London Metal Exchange hit a 10-year high

    January 4, 2018 01:00 pm JST
  • Asia seen leading global wage growth in 2018

    TOKYO -- Asian workers are expected to enjoy the highest real wage growth in the world in 2018, thanks to solid growth and changes in the region's economic structure, while their counterparts in Japan and the Western advanced economies will see wage

    January 4, 2018 09:50 am JST
  • Japanese window maker plans R&D center near Jakarta

    TOKYO -- Japanese building materials maker YKK AP plans to open a research and development center in Indonesia during 2018 to design window products for hot, humid Southeast Asian markets. It also will consider local income levels when developing pr

    January 4, 2018 03:29 am JST
  • Nikkei Asia300 Index extends gains as tech stocks advance

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, extending their strong start to the year, after a record close for the S&P 500 Index and Nasdaq Composite.The Nikkei Asia300 Index advanced 1% to 1,442.41, adding to Tuesday's simila

    January 3, 2018 08:40 pm JST