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  • International sake sales

    Small Japanese brewer sells directly to Hong Kong, Taiwan

    FUKUI, Japan -- Genpei Syuzo, a sake maker in Japan's western Fukui Prefecture, is selling directly to Hong Kong and Taiwan, a rare move for a Japanese brewery that usually uses agents to sell overseas. The brewer aims to achieve overseas sales

    January 25, 2015 01:00 pm JST
  • Shifting away from China

    Hong Kong's Cheung Kong in talks to buy UK mobile carrier O2

    HONG KONG/LONDON -- Hutchison Whampoa, the core unit of Hong Kong conglomerate Cheung Kong, has entered into exclusive negotiations to acquire major British mobile carrier O2. Hutchison will pay up to 10.25 billion pounds ($15.5 billion) to Span

    January 24, 2015 06:16 am JST
  • Tight property market

    Hong Kong shares rise as home prices stay high

    HONG KONG -- Hong Kong stocks rose Wednesday after a luxury home was sold the day before for a hefty price, underscoring a tightening real estate market here. The Hang Seng Index jumped amid a broad rise in Asian stocks. With Shanghai stocks ral

    January 22, 2015 02:22 am JST
  • OCBC's synergy strategy

    In China and Myanmar, bank sees a match made in heaven

    SINGAPORE -- As its name suggests, Oversea-Chinese Banking Corp. has leveraged the wealth and business activities of the Chinese diaspora. This has been the Singaporean institution's raison d'etre since the founding of its predecessor, Oversea-Chine

    January 22, 2015 12:00 am JST
  • Tough year widens gaps among China's property developers

    HONG KONG -- Bigger gaps than usual were seen in the sales performances of China's biggest property developers in 2014, according to data released by China Index Academy, a leading Chinese think tank. Two companies -- Greenland Group and China V

    January 22, 2015 12:00 am JST
  • In China and Myanmar, OCBC sees a banking match made in heaven

    SINGAPORE -- As its name suggests, Oversea-Chinese Banking Corp. has leveraged the wealth and business activities of the Chinese diaspora. This has been the Singaporean institution's raison d'etre since the founding of its predecessor, Oversea-Chine

    January 22, 2015 12:00 am JST
  • Stephen Grenville: Low oil prices provide a fleeting chance for reform

    If the global price of oil had jumped by 50%, there is little doubt that economic commentators would be calling it a disaster for world growth. The price has in fact fallen by more than 50% since last June, but this ray of good news has not yet pier

    January 22, 2015 12:00 am JST
  • Rail acquisition

    Cheung Kong to buy UK's Eversholt Rail

    HONG KONG -- Hong Kong conglomerate Cheung Kong Holdings on Tuesday announced that it will acquire British rail car leasing company Eversholt Rail for 2.5 billion pounds ($3.79 billion). A 50-50 joint venture will be set up between the parent co

    January 21, 2015 03:30 am JST
  • All eyes on Shanghai

    H-shares could rise in 2015

    HONG KONG -- Shares in mainland Chinese companies listed on the Hong Kong market, or H-shares, could go up this year. These shares have been lagging Shanghai stocks, which were among the world's top performers last year. The Shanghai Composite I

    January 20, 2015 01:30 pm JST
  • Executive women in Asia

    Philippines leads the region with its women in management

    SINGAPORE -- The Philippines is leading Asia with its high percentage of women in management positions, according to a recent report by the International Labor Organization. A ranking complied by the ILO shows the Philippines to be the only Asian co

    January 19, 2015 07:30 pm JST
  • Chinese real estate

    More turmoil for Hong Kong-listed developers

    HONG KONG -- A Chinese real estate developer is verging on default after authorities blocked the sale of some of its properties as rumors fly about the sector's exposure to President Xi Jinping's fight against graft. Hong Kong-listed Kaisa Group

    January 19, 2015 03:31 am JST
  • Worker health and safety

    Uniqlo operator to step up audits at supplier factories

    TOKYO -- Fast Retailing, the parent of Japanese retailer Uniqlo, will work to improve labor conditions at its supplier factories, after a Hong Kong-based nongovernmental organization criticized the harsh work environment at two sites in China. A

    January 16, 2015 06:00 am JST
  • Tightrope walk

    Hong Kong chief vows to tackle housing shortage

    HONG KONG -- Hong Kong Chief Executive Leung Chun-ying attempted a delicate balancing act Wednesday in his annual policy address at the Legislative Council, unveiling proposals to appease disgruntled young residents even as he denounced a student gr

    January 15, 2015 06:48 am JST
  • Asian equities

    Overpriced Shanghai stocks under selling pressure

    SHANGHAI -- Shanghai shares slid slightly Wednesday as Asian markets generally declined. With stocks of mainland China seen as overpriced, selling pressure is growing, primarily among foreigners. The Shanghai Stock Exchange Composite Index dropp

    January 15, 2015 12:51 am JST
  • Sales of 257 million units by 2018

    Getting smart with used handsets

    HONG KONG -- In Tsim Sha Tsui, a busy shopping district in Kowloon, Hong Kong, a Pakistani mobile phone vendor inspects more than 100 used smartphones made by Taiwan's HTC, turning them on and off one by one. The task takes several hours. The ve

    January 15, 2015 12:00 am JST
  • Li Ka-shing restructures business to hedge against China risk

    HONG KONG -- The sprawling conglomerate led by Hong Kong tycoon Li Ka-shing has embarked on a major restructuring effort. One goal appears to be to reduce exposure to China-related risks amid growing concerns about the nation's economy. Cheung K

    January 15, 2015 12:00 am JST
  • Getting smart with used handsets

    HONG KONG -- In Tsim Sha Tsui, a busy shopping district in Kowloon, Hong Kong, a Pakistani mobile phone vendor inspects more than 100 used smartphones made by Taiwan's HTC, turning them on and off one by one. The task takes several hours. The ve

    January 15, 2015 12:00 am JST
  • Asian stocks

    Hong Kong market rides tide of tycoon Li's group overhaul

    HONG KONG -- Even as Asian stocks turned in a mixed performance Tuesday, Hong Kong shares rose a second straight day on the news that famed magnate Li Ka-shing will reorganize companies he owns. The plan, announced at the end of last week, entai

    January 14, 2015 04:37 am JST
  • Asia-Pacific economy

    ESCAP forecasts 5.8% regional growth in 2015

    BANGKOK -- Asia Pacific countries are set for 5.8% growth in gross domestic production in 2015, slightly more than the 5.6% estimated for 2014, according to a survey released by the United Nations Economic and Social Commission for Asia and the Paci

    January 13, 2015 11:00 pm JST
  • Foreign visitors to Japan

    Weaker yen, easier duty-free rules spark shopping spree

    TOKYO -- Foreign tourists in Japan are snapping up made-in-Japan products and other merchandise in bulk at stores here. The surge of overseas shoppers in Japan is partly due to the weaker yen and relaxation of tax rules last October when even inexpe

    January 13, 2015 07:00 pm JST