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  • Vietcombank reported 20% rise in pre-tax profit in H1

    HO CHI MINH CITY -- Joint Stock Commercial Bank for Foreign Trade of Vietnam, better known as Vietcombank, posted more than 5 trillion dong ($220 million) in pre-tax profit during the first half of 2017, up 20% year-on-year, achieving 53.2% of its f

    July 12, 2017 12:05 am JST
  • FT Confidential Research

    Shine comes off Asean consumer confidence

    Political risk in Thailand and inflation concerns in Indonesia contributed to a fall in the FTCR Asean Economic Sentiment Index to 59.3 in the second quarter, from 61.9 in the first. Those worries and a dip in confidence in the Philippines were enou

    July 11, 2017 11:00 am JST
  • Growth prospects steady in Asian economies as Trump risk recedes

    Economists predict steady growth will continue in major Southeast Asian countries and India for 2017 and beyond, keeping their forecasts near the same levels as in the previous survey conducted three months ago. Concerns over protectionism and other

    July 11, 2017 07:00 am JST
  • Japan to help emerging nations develop health care systems

    TOKYO -- Japan will team with global organizations to set up health care and insurance systems resembling its own in emerging nations, assisting with tasks such as collection of key health data, creation of medication transport networks and administ

    July 11, 2017 03:31 am JST
  • Vietnam's social media retailers urged to pay taxes

    HANOI -- Vietnamese tax officials are warning merchants selling goods on Facebook and other social media platforms to pay taxes on their proceeds, though enforcement remains a challenge in a country where cash settlements are the norm.The Hanoi Tax

    July 10, 2017 01:55 pm JST
  • Business services sector leads Asian growth in June PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for June showed output growth in 15 of the 19 sectors monitored.Commercial & professional services (55.8) marked the sharpest growth, followed by beverages & food (55.0) and insuran

    July 10, 2017 09:30 am JST
  • Two Southeast Asian exhibitions open in Tokyo

    TOKYO -- Two groundbreaking exhibitions of Southeast Asian art opened in the Japanese capital in early July. One tells the story of the immense changes the region has experienced over the past few decades; the other focuses on Thailand's long histor

    July 8, 2017 10:00 am JST
  • TPP 11 to discuss writing US out of trade pact

    TOKYO -- Representatives of the 11 countries trying to salvage the Trans-Pacific Partnership trade and investment agreement will meet in Japan next week to discuss in depth for the first time how to proceed without America.The negotiators will gathe

    July 8, 2017 05:01 am JST
  • MUFG leads Japan megabanks' charge into SE Asia

    TOKYO -- Japan's three megabank groups are strengthening ties with Southeast Asian banks in an effort to broaden their customer base and expand the types of services offered.Mitsubishi UFJ Financial Group's Southeast Asian lending balance rose 9% in

    July 7, 2017 10:01 am JST
  • Hanoi motorcycle ban portends bumpy road for denizens

    HANOI -- Vietnam's motorcycle-thronged capital will ban the vehicles from its central streets by 2030 -- a move authorities say enjoys broad support but may prove unfeasible owing to sheer force of habit as well as a dearth of alternatives.The ban w

    July 6, 2017 11:56 am JST
  • ASEAN's manufacturing index comes in flat as demand wanes

    HONG KONG After five months of expansion, Southeast Asia's manufacturing activity turned flat in June, with the Nikkei ASEAN Manufacturing Purchasing Managers' Index standing at the boom-or-bust line of 50.Indonesia, Myanmar and Malaysia experienc

    July 6, 2017 10:00 am JST
  • Company in focus: Singapore's CapitaLand adjusts to the new normal

    SINGAPORE High up in the brand-new Otemachi Park Building in the heart of Tokyo's office district, 150 guests gathered in early June to celebrate the opening of CapitaLand's top-end Ascott Marunouchi Tokyo serviced apartments venture. Standing next

    July 6, 2017 10:00 am JST
  • Two Southeast Asian exhibitions open in Tokyo

    TOKYO Two groundbreaking exhibitions of Southeast Asian art opened in the Japanese capital in early July. One tells the story of the immense changes the region has experienced over the past few decades; the other focuses on Thailand's long history.

    July 6, 2017 10:00 am JST
  • ASEAN manufacturing snaps 5-month growth streak

    HONG KONG -- Southeast Asian factory activity snapped a five-month streak of expansion in June, with the Nikkei ASEAN Manufacturing Purchasing Managers' Index standing at 50 -- right on the boom-or-bust line.Indonesia, Myanmar, and Malaysia experien

    July 5, 2017 02:00 pm JST
  • Gianfranco Casati

    Digital readiness can sustain growth of emerging Asia

    Forecasting the success or failure of emerging markets is a tricky game. Attempts have seen the creation of acronyms like BRICs and MINTs. They have been the source of dreams dating back to Marco Polo. For every index that suggests renewed optimism

    July 5, 2017 09:00 am JST
  • Takashimaya's Vietnam department store seeing signs of success

    HO CHI MINH CITY -- Almost a year since its debut in Vietnam, department store operator Takashimaya has yet to turn profit, but it is seeing a few buds of success with its high-end shopping experience at its local outlet.On a day in mid-June, famili

    July 4, 2017 02:52 pm JST
  • Central Group opens B2S stationery store in Ho Chi Minh City

    HO CHI MINH CITY -- Thailand's Central Group has launched its first B2S stationery and office supplies store in Vietnam with an eye toward the burgeoning education and business sectors. Nguyen Thi Thuc Vy, director of B2S Vietnam, told reporters

    July 4, 2017 02:07 am JST
  • ASEAN PMI falls to 50.0 in June

    TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, fell to 50.0 in June from 50.5 in May.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The latest reading is the first ti

    July 3, 2017 09:30 am JST
  • Vietnam manufacturing PMI rises to 52.5 in June

    TOKYO -- The Nikkei Vietnam Manufacturing Purchasing Managers' Index, or PMI, rose to 52.5 in June from a 14-month low of 51.6 in May.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction."The pick-up in

    July 3, 2017 09:30 am JST
  • Company in focus

    CapitaLand accelerates 'asset light' strategy despite China's economic slowdown

    SINGAPORE -- High up in the brand-new Otemachi Park Building in the heart of Tokyo's office district 150 guests gathered in early June to celebrate the opening of CapitaLand's top-end Ascott Marunouchi Tokyo serviced apartments venture. Standing nex

    July 2, 2017 12:00 pm JST