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  • Takashimaya to make all overseas locations profitable in 5 years

    TOKYO -- Takashimaya aims to turn profits at all overseas department stores by the year ending February 2023, including a Thai location slated to open in the fall, seeking to capitalize on Asian growth.The Japanese retailer operates foreign departme

    May 23, 2018 04:57 am JST
  • Once Singapore's star company, Hyflux seeks court protection

    SINGAPORE -- Iconic water treatment business Hyflux has applied for Singaporean court protection to begin a debt and business restructuring designed to cope with the firm's cash constraints, the company said Tuesday night.The city-state's Companies

    May 23, 2018 02:16 am JST
  • Nikkei Asia300 Index falls as investor focus shifts to Fed minutes

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Tuesday as investors await the U.S. Federal Reserve's May meeting minutes.The Nikkei Asia300 Index declined 0.3% to 1,403.45. The index traded in a less than four points range before settling l

    May 22, 2018 08:34 pm JST
  • Singapore, Malaysia shares fall as investors shun risk

    SINGAPORE (Nikkei Markets) -- Singapore and Malaysia shares drifted lower Tuesday along with most Asian stock markets as investors begin to doubt trade ceasefire between the world's top two economies.The Straits Times Index fell 0.2% to 3539.61, whi

    May 22, 2018 08:08 pm JST
  • Singapore's shared offices aim to stand out as numbers grow

    SINGAPORE (Nikkei Markets) -- As co-working spaces continue to mushroom in Singapore, major operators are stressing the features that distinguish their properties in a market that some say is headed for consolidation.Last week, Chinese co-working op

    May 22, 2018 07:15 pm JST
  • Asia's war on 'fake news' raises real fears for free speech

    JAKARTA -- With nothing more than a WhatsApp message, Indonesia's government in early May made its position on "fake news" clear: zero tolerance.For a few days, media reports had been circulating about a decision to issue visas to Israelis, citing t

    May 22, 2018 02:00 pm JST
  • Singapore shares gain amid Asian rally, Malaysia falls

    SINGAPORE (Nikkei Markets) -- Singapore shares rallied Monday along with the rest of Asia as investors drew comfort after U.S. and China softened import tariff threats against each other, while announcing intent to work out details of a wider deal.

    May 21, 2018 08:17 pm JST
  • Nikkei Asia300 Index rises as US-China trade worries cool

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose on Monday, as worries over a potential Sino-American trade war eased after the two nations agreed not to impose import tariffs on each other for now.The Nikkei Asia300 Index rose 0.3%

    May 21, 2018 08:12 pm JST
  • Google, Facebook and Amazon drive push for deep-sea cables in Asia

    TOKYO -- Half of the new undersea communication cables to be built over the next three years will connect to Asia as Google, Facebook and other big-name tech companies look to harness the region's mushrooming demand for bandwidth. Google is partic

    May 21, 2018 05:32 am JST
  • Singapore commodities companies head to South America

    SINGAPORE-- U.S.-China trade tensions are causing Singaporean agriculture conglomerates Olam International and Wilmar International to import from South America to avoid higher taxes.Commodities trader Olam International, which reported its January-

    May 20, 2018 10:40 am JST
  • Alibaba out to dominate mobile pay in Southeast Asia

    BANGKOK/SINGAPORE/SHANGHAI -- The Southeast Asian market for mobile payment services is undergoing an upheaval, with Chinese e-commerce giant Alibaba Group Holding at the center of the tumult.The group is backing Thai conglomerate Charoen Pokphand's

    May 19, 2018 12:57 pm JST
  • With TPP ratification in sight, Abe raises banner of free trade

    TOKYO -- The reworked Trans-Pacific Partnership trade agreement moved a little closer to enactment after a nod from Japan's parliament Friday, a boost to multilateralism as a counterweight to the increasingly self-interested U.S. and China.Japan's l

    May 19, 2018 05:35 am JST
  • Singapore Airlines to absorb its regional subsidiary SilkAir

    SINGAPORE -- SilkAir, Singapore Airlines' 29-year-old subsidiary, is to be merged with its parent, as a part of the carrier's wide-ranging business transformation. The move is aimed at maximizing revenue by streamlining the brand strategy and standi

    May 18, 2018 10:37 pm JST
  • Malaysia stocks eke out weekly gains, Singapore equities fall

    KUALA LUMPUR (Nikkei Markets) -- Malaysia shares held onto weekly gains while Singapore stocks slipped as investors remained cautious amid ongoing trade disputes between the U.S. and China.The FBM KLCI index ended relatively unchanged at 1,854.50 on

    May 18, 2018 09:14 pm JST
  • Nikkei Asia300 little changed as traders eye US-China trade talks

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan were little changed on Friday, as investors stayed on the sidelines ahead of the outcome of a meeting on trade between the U.S. and China.The Nikkei Asia300 Index edged 0.1% lower to 1,403.

    May 18, 2018 08:26 pm JST
  • Sharp increase in reported white-collar crime in Singapore

    SINGAPORE (Nikkei Markets) -- Over a third of Singapore businesses said they were hit by fraud in the last two years as threats increased and detection methods improved.According to a global survey conducted by PwC every two years, the proportion is

    May 18, 2018 07:06 pm JST
  • Rising US yields drag Nikkei Asia300 Index lower

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan extended loss on Thursday, as concerns over trade relations between the world's largest economies and rising U.S. bond yields weighed on sentiment.The Nikkei Asia300 Index dropped 0.5% to 1

    May 17, 2018 08:15 pm JST
  • Malaysia, Singapore stocks steady amid mixed US economic data

    KUALA LUMPUR (Nikkei Markets) -- Shares in Malaysia and Singapore held steady on Thursday as investors crunch the numbers from a mixed bag of U.S. economic data and track geopolitical developments.The FBM KLCI fell 0.2% at 1,854.44 as a selloff in h

    May 17, 2018 07:52 pm JST
  • 'Population bonus' pushes up Asian growth

    TOKYO -- The International Monetary Fund forecasts that the global economy will grow by 3.9% this year, up from 3.7% the previous year, thanks to booming Asian economies. Countries and regions in Asia now make up more than half the increase in world

    May 17, 2018 07:50 pm JST
  • Singapore exports power past estimates, tech slowdown continues

    SINGAPORE (Nikkei Markets) -- Shipments of electronic items continued to decline but other parts of Singapore's export engine accelerated in April, lifting the month's performance well above expectations.However, the outlook for the trade-driven eco

    May 17, 2018 04:57 pm JST