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  • Nikkei Asia300 Index declines as Tencent falls after earnings

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Thursday, as losses in heavyweight Tencent Holdings wiped off earlier gains after the U.S. Federal Reserve stuck to its interest rate projections for 2018.The Nikkei Asia300 Index fell 0.8% to

    March 22, 2018 10:03 pm JST
  • E-payment soars in Vietnam as a solution to skimpy bank coverage

    HANOI -- Electronic payment is taking off in Vietnam as people solve the problem of spotty bank coverage with payment apps and other online services.According to the State Bank of Vietnam, less than half the population have bank accounts, with the r

    March 22, 2018 02:15 pm JST
  • South Korea's Moon visits Vietnam to deepen economic ties

    SEOUL -- South Korean President Moon Jae-in embarks on a three-day state visit to Vietnam on Thursday to strengthen economic ties with the rising Southeast Asian power, as Seoul struggles to deal with its two largest trade partners, China and the U.

    March 22, 2018 12:05 pm JST
  • Amazon is ready for business in Vietnam, if it can handle it

    HANOI is entering Vietnam, where it is seeking to cater to a fast-rising middle class. But it will face logistical hurdles and many rivals."Amazon is after Vietnam's 100 million market," said a local journalist covering the tech industry.

    March 22, 2018 10:00 am JST
  • Richard Heydarian

    Australia right to huddle closer to Southeast Asia

    By the standards of global diplomacy, Australia's decision to host its first-ever summit with the Association of Southeast Asian Nations last weekend is hardly epoch-making.But in its modest way, it is a signal of how the great powers are changing t

    March 20, 2018 02:30 pm JST
  • Siam Cement sees opportunities along Belt & Road

    HONG KONG -- Thai industrial conglomerate Siam Cement Group will look for investment possibilities in South China and India in the years ahead, as China shapes its vision of the Belt and Road Initiative, President and CEO Roongrote Rangsiyopash said

    March 19, 2018 11:07 pm JST
  • Alibaba counters Amazon's expansion in Southeast Asia

    SINGAPORE -- Only a week after U.S. e-commerce group revealed its intention to enter the Vietnamese market, Alibaba Group Holding has made a countermove to secure its own growth path in Southeast Asia's burgeoning e-commerce industry.The

    March 19, 2018 09:34 pm JST
  • Nikkei Asia300 Index edges lower as Samsung, LG decline

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Monday, led by shares of display suppliers after a report that Apple is developing its own screen display technology. South Korean car makers also declined.The Nikkei Asia300 Index declined 0.4

    March 19, 2018 08:34 pm JST
  • Alibaba to invest additional $2bn in Lazada

    BEIJING (Reuters) -- Alibaba Group Holding Ltd said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive e

    March 19, 2018 05:09 pm JST
  • Students in east China and Vietnam top rich-world peers

    JAKARTA -- Long before emerging as one of the leading proponents of Brexit, Michael Gove's role as British education minister took him to Asia, where he declared in 2010 that "places like Shanghai and Singapore put us to shame," when it comes to qua

    March 19, 2018 12:15 pm JST
  • Australian and ASEAN pursue maritime code of conduct

    SYDNEY -- Southeast Asian leaders urged adoption of a code of conduct for the South China Sea at the end of a special summit hosted by Australia, sending a message meant to be heard in China.The two-day meeting of the Association of Southeast Asian

    March 19, 2018 01:37 am JST
  • Australia to fund project to prepare ASEAN cities for massive growth

    SYDNEY (Kyodo) -- Australia announced Sunday it will provide A$30 million (US$23.15 million) to finance a "Smart Cities" initiative to help urban centers throughout Southeast Asia cope with explosive growth.In a statement released on the last day of

    March 18, 2018 09:56 pm JST
  • Southeast Asia says gravely concerned about North Korea weapons

    SYDNEY (Reuters) -- The Association of Southeast Asian Nations and Australia said on Sunday they held "grave concerns" about escalating tensions caused by North Korea's nuclear and missile programmes."We strongly urge the DPRK to immediately and ful

    March 18, 2018 03:32 pm JST
  • Japan's import prices for daily goods sink further

    TOKYO -- Import prices for apparel and daily goods in Japan plunged last year, as growing labor costs in China push companies to automate or move production to Southeast Asia.The price of imported clothing fell by 1.7%, the sharpest drop since a 2.1

    March 18, 2018 02:08 pm JST
  • Nikkei Asia300 Index falls amid U.S. political uncertainty

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday amid more U.S. political uncertainty and one more report of President Donald Trump preparing to impose tariffs on China.The Nikkei Asia300 Index declined 0.5% to 1,473.18.Concerns over U

    March 16, 2018 08:43 pm JST
  • Australia courts Southeast Asia with unprecedented summit

    MELBOURNE -- This weekend will see an unprecedented summit between the Australian prime minister and Southeast Asian leaders when they meet in Sydney to work on enhancing security cooperation and business ties.Prime Minister Malcolm Turnbull, the le

    March 16, 2018 05:18 pm JST
  • Cover story

    Asia Inc. comes roaring back in 2017

    BANGKOK -- Asia's big corporations posted record profits in 2017 following several lackluster years, with the technology sector in particular taking advantage of solid demand for devices like smartphones and consumer appliances.Samsung Electronics w

    March 16, 2018 03:20 pm JST
  • Vietnamese man surprised to be driven to Fukushima to do cleanup work

    TOKYO -- A Vietnamese man says he was deceived into coming to Japan for a "construction" job only to end up in Fukushima Prefecture on radiation decontamination assignments.The Iwate Prefecture construction company that employed him denies duping th

    March 16, 2018 02:55 pm JST
  • Thailand aims to boost trade with neighbors by 15% in 2018

    BANGKOK -- Thailand aims to increase trade with countries on its borders by 15% this year, to a record high of 1.5 trillion baht ($50 billion). The government is backing the drive to offset an expected slowdown in overall export growth due to apprec

    March 16, 2018 02:00 pm JST
  • Samsonite US manufacturing plan faces labor shortage

    HONG KONG -- Samsonite's plan to relocate some of its manufacturing activities to the U.S. is facing a challenge due to a shortage of skilled workers."You can get everything but you can't get people. Without people, factories won't work," chief exec

    March 16, 2018 11:57 am JST