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  • US human trafficking report gets mixed Asian reception

    BANGKOK -- The annual Trafficking in Persons report by the U.S. State Department released on Tuesday has drawn mixed reactions in Southeast Asia, where human trafficking and forced labor have long been sensitive issues, while China bristled at the i

    June 29, 2017 02:28 pm JST
  • Malaysia tries to nip the FGV scandal in the bud

    KUALA LUMPUR Expectations ran high when Zakaria Arshad was appointed president of Felda Global Ventures Holdings, or FGV, a year ago. Net profit at the state-backed plantation operator had slid from 981 million ringgit ($228 million) in 2013 to 117

    June 29, 2017 10:00 am JST
  • Alibaba spending $1bn to raise stake in Southeast Asia's Lazada

    SINGAPORE (Reuters) -- Chinese e-commerce company Alibaba Group Holding is investing an additional $1 billion in Southeast Asian online retailer Lazada Group, boosting its stake by nearly a third to 83 percent and amplifying its focus on the region.

    June 29, 2017 01:58 am JST
  • Maxis asked to scrap network sharing pact with smaller rival U Mobile

    KUALA LUMPUR (Nikkei Markets) - Maxis, Malaysia's second-largest mobile telecom firm by revenue, Wednesday said rival U Mobile has asked to end a network sharing deal that was billed as a "landmark multi-billion ringgit agreement" when it was signed

    June 28, 2017 08:05 pm JST
  • Nicholas Spiro

    Asian markets brush off concerns about China, Fed

    Asia, the region most sensitive to concerns about China's economy and the conduct of U.S. monetary policy among emerging markets, is proving remarkably resilient.Over the past three months, potential catalysts for a sharp deterioration in market con

    June 27, 2017 07:26 pm JST
  • Tracking how China is turning Asia red

    TOKYO -- Since the end of World War II, the U.S., a self-styled missionary of democracy, has held sway in Asia. But now, on the economic front, the U.S.-led regional order is unraveling in the face of China's rapid rise, and the communist country is

    June 24, 2017 05:00 pm JST
  • Asia's financial safety net is a work in progress

    TOKYO -- In early May, the Asian Development Bank celebrated its 50th anniversary at its annual meeting in Yokohama, a port city south of Tokyo. Finance ministers and central bankers from the Association of Southeast Asian Nations, China, Japan and

    June 24, 2017 11:00 am JST
  • The US and hedge funds are still a problem

    TOKYO -- When the Asian financial crisis gripped the region in 1997, then-Malaysian Prime Minister Mahathir Mohamad blamed "evil" hedge funds that were willing to sacrifice emerging economies in the pursuit of profits.Two decades on, the elder state

    June 24, 2017 11:00 am JST
  • China's Geely buys big stakes in Proton, Lotus for discounted price of $235m

    KUALA LUMPUR -- Chinese automaker Zhejiang Geely Holding Group agreed on Friday to purchase stakes of 49.9% in Proton Holdings of Malaysia and 51% in Lotus of the U.K., both owned by Malaysian automotive group DRB-Hicom, for a total of $235 million.

    June 23, 2017 06:30 pm JST
  • ASEAN pushing for direct yen trading

    TOKYO -- Japanese authorities have long dreamed of the yen becoming a global currency. Now the yen may be on the cusp of at least becoming an Asian currency.Much of the rest of Asia is clamoring for a monetary regime to be strengthened with a vehicl

    June 23, 2017 10:47 am JST
  • Itochu, Lippo team up to run Southeast Asian hospitals

    TOKYO -- Itochu will join hands with Indonesian conglomerate Lippo Group to operate hospitals in Southeast Asia, aiming to capitalize on the region's growing demand for advanced medical services offered by the private sector.The Japanese trading hou

    June 23, 2017 02:55 am JST
  • Philippines, Indonesia, Malaysia create counter-terrorism axis

    MANILA -- The Philippines, Indonesia, and Malaysia have agreed to step up joint counter-terrorism efforts after the month-long siege of Marawi on Mindanao in the southern Philippines confirmed cross-border activity among Southeast Asian militants li

    June 23, 2017 12:58 am JST
  • AirAsia orders 14 A320ceo planes from Airbus to meet rising demand

    KUALA LUMPUR (Nikkei Markets) - Malaysia's AirAsia, Southeast Asia's largest discount carrier by fleet, said Thursday it is ordering 14 A320ceo planes from Airbus as part of its fleet expansion plan to meet rising regional demand.The latest order, w

    June 22, 2017 08:03 pm JST
  • Asia's financial safety net is a work in progress

    TOKYO In early May, the Asian Development Bank celebrated its 50th anniversary at its annual meeting in Yokohama, a port city south of Tokyo. Finance ministers and central bankers from the Association of Southeast Asian Nations, China, Japan and Sou

    June 22, 2017 10:00 am JST
  • The US and hedge funds are still a problem

    TOKYO When the Asian financial crisis gripped the region in 1997, then-Malaysian Prime Minister Mahathir Mohamad blamed "evil" hedge funds that were willing to sacrifice emerging economies in the pursuit of profits.Two decades on, the elder statesma

    June 22, 2017 10:00 am JST
  • A Noh master pushes the frontiers of a dying art

    PENANG, Malaysia A man dressed in heavy robes moves slowly across a platform while the sound of drums intensifies in a dramatic crescendo. His steps are as light as they are powerfully choreographed, every expert movement contributing to heighten th

    June 22, 2017 10:00 am JST
  • Obesity in Asia reaches 'epidemic level'

    TOKYO Economic growth has resulted in a significant rise in living standards in much of Asia. But the newfound prosperity and associated lifestyle changes have brought with them an unwanted side effect.A study released by the Asian Development Bank

    June 22, 2017 10:00 am JST
  • Japanese banks plan 90% cut on transfer fees to South Korea

    TOKYO -- Japanese banks will lower the fees on money transfers to South Korea by 90% as early as 2018 in an effort to remain competitive and prevent customers from switching to foreign rivals.The plan was revealed Wednesday by the Japanese Bankers A

    June 22, 2017 02:00 am JST
  • Malaysia's May inflation rises at slower-than-expected pace

    KUALA LUMPUR (Nikkei Markets) - Malaysia's consumer prices rose at a slower pace in May driven mostly by costlier fuel and food, official data Wednesday showed, and economists expect inflation to moderate further in the months ahead.The consumer pri

    June 21, 2017 07:50 pm JST
  • Oil slump hits Asian stocks, eclipsing MSCI's A-share inclusion

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan retreated as an overnight slide on Wall Street and drop in global oil prices overshadowed MSCI's decision to include China's domestic shares in its global indexes.The Nikkei Asia300 Index o

    June 21, 2017 02:37 pm JST