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  • 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
  • Vietjet shows the ambition behind its gimmicks

    Vietjet Air has achieved brand recognition with one of the crudest marketing ploys in business: using scantily clad women to attract attention. Its stewardesses have worn bikinis on some flights, and the airline publishes calendars of models wearing

    January 10, 2018 03:30 pm JST
  • Vietnam retail sales hit record $130bn in 2017

    HANOI -- Vietnam's retail sales grew 10.9% in 2017 over the previous year to a highest-ever $129.6 billion, spurred by a rising middle class and an influx of overseas retailers.Several foreign retailers made headway into Vietnam in 2017. Japan's Sev

    January 10, 2018 04:02 am JST
  • Tencent, Alibaba rule among Asian companies

    SHANGHAI -- At the end of 2017, the most valuable companies in Asia were, unsurprisingly, Tencent Holdings and Alibaba Group Holding. Reflecting growth in China's internet economy, both companies' market value more than doubled, and were substantial

    January 9, 2018 09:22 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
  • Vietnamese open wallets to buy some peace of mind

    HANOI -- Nguyen Thu Hang, a 37-year-old Hanoi office worker, recently set up a security camera in her Hanoi apartment to keep an eye on her housekeeper and small child that she monitors by smartphone. It is not that she does not trust her housekeepe

    January 8, 2018 05:05 pm JST
  • Vietnam starts high-profile trial over oil firm losses

    HANOI (Reuters) -- Vietnam put 22 executives on trial over losses at the state oil firm on Monday, including a businessman Germany accuses Hanoi of kidnapping from a Berlin park and the communist state's first politburo member to face trial in decad

    January 8, 2018 01:46 pm 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
  • 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
  • China sidelining US in Asia with growing economic clout

    TOKYO -- Asian economies that once relied on the U.S. are reaching a turning point as China comes to the fore, a trend that may weaken Washington's ability to promote democracy and free markets.The U.S., as the world's largest consumer market, was t

    January 6, 2018 06:00 am JST
  • Vietnam's HDBank becomes latest lender to go public

    HO CHI MINH CITY -- HDBank listed more than 980 million shares on the Ho Chi Minh City Stock Exchange on Friday, with a reference price of 33,000 dong apiece, giving the lender a valuation of around 32.4 trillion dong ($1.43 billion).This marks Viet

    January 6, 2018 03:03 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
  • Vietnamese tycoon arrested after being deported from Singapore

    SINGAPORE/HANOI (Reuters) -- A fugitive Vietnamese tycoon who is accused of spilling state secrets was arrested in Hanoi on Thursday after being deported from Singapore.Vu, 42, who was detained in Singapore for immigration offences last week, told h

    January 4, 2018 07:08 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
  • Japan's foreign direct investment holdings double in 5 years

    TOKYO -- The Japanese direct investment position abroad has nearly doubled since 2012, with companies strong in the domestic market also speeding up overseas expansion.Outstanding Japanese overseas direct investment stood at 174 trillion yen ($1.54

    January 4, 2018 03:24 am JST