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  • Sky-high real estate made Hong Kong Asia's priciest city: Julius Baer

    HONG KONG -- It is perhaps not surprising that Hong Kong, where even the top government official finds housing unaffordable, is the costliest metropolis in Asia.The semi-autonomous region of China jumped two places to lead 11 cities in an annual ran

    October 18, 2017 01:16 am JST
  • Nikkei Asia300 Index gains tracking record-high U.S. stocks

    MUMBAI (NewsRise) -- Asian stocks outside of Japan edged higher on Tuesday after all major U.S. indexes climbed to records overnight.The Nikkei Asia300 Index advanced 0.1% to 1,358.91.U.S stocks rose Monday along with the dollar, while bond yields d

    October 17, 2017 08:31 pm JST
  • Asia Insight

    Islamists cast a long shadow over Indonesian society

    JAKARTA -- Moderate Muslims in Indonesia, a regional power that accounts for some 40% of the gross domestic product of the Association of Southeast Asian Nations, are becoming more receptive to a fundamentalist version of Islam that seeks to impose

    October 17, 2017 12:52 pm JST
  • Mitsubishi Motors to rev up R&D, capital spending

    TOKYO -- Mitsubishi Motors plans to channel more than 600 billion yen ($5.34 billion) into capital spending and R&D over the three years through fiscal 2019, steering back toward growth investment after scandals forced the automaker to prioritize st

    October 17, 2017 06:09 am JST
  • Opposition-backed Baswedan sworn in as Jakarta governor

    JAKARTA -- Former education minister Anies Baswedan was sworn in Monday as new governor of the sprawling Indonesian capital of Jakarta for a five-year term in a ceremony at the presidential palace.Baswedan will lead the teeming metropolis with a pop

    October 16, 2017 09:19 pm JST
  • Comment

    We may be sleepwalking into another financial crisis

    TOKYO -- Indonesian conglomerate Santini Group has an important unwritten rule rooted in its experiences during the Asian currency crisis of 1997: No borrowing money.Luki Wanandi, who later took the reins from his founder father in 1999, was an exec

    October 16, 2017 08:00 am JST
  • Interview

    Unilever CEO values sustainable-development opportunities in Asia

    SINGAPORE -- When the United Nations issued its 17 Sustainable Development Goals, which were adopted by the organization in September 2015, Unilever Chief Executive Paul Polman stood out as the only business leader who took part in drafting the docu

    October 15, 2017 12:00 pm JST
  • G-20 upbeat on world economy, affirms coordination over risks

    WASHINGTON (Kyodo) -- Finance chiefs from the Group of 20 major economies agreed Friday to step up coordination in better coping with risk factors to the world economy such as North Korea, amid signs that 2017 will be the best year for global growth

    October 14, 2017 08:13 pm JST
  • Why forest protection in Southeast Asia will hurt Japan

    Japan's construction sites heavily rely on lumber from Southeast Asian countries that are now significantly cutting exports due to deforestation concerns.While there are hopes that Japan's own lumber industry can pick up the slack, that is unlikely.

    October 14, 2017 07:00 pm JST
  • Japanese shipper expands halal logistics to Indonesia

    TOKYO -- Yusen Logistics has become the first Japanese freight company to receive halal certification in Indonesia, part of an effort to expand in a fast-growing region with a large Muslim population.The Nippon Yusen group member's system for shippi

    October 14, 2017 03:40 am JST
  • Widodo energy reform flip-flop pressures Pertamina

    JAKARTA -- An apparent flip-flop by Indonesian President Joko Widodo on drastic reform of energy subsidies is taking a toll on Pertamina, the country's largest state oil and gas company.Indonesia scrapped subsidies on regular gasoline in early 2015

    October 13, 2017 09:12 pm JST
  • Nikkei Asia300 Index gains as Singapore stocks rally on economic growth

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Friday, helped by a rally in Singapore shares after better-than-expected third-quarter economic growth in the city-state.Samsung Electronics declined as record earnings were overshadowed by the

    October 13, 2017 08:45 pm JST
  • Anthony Couse

    Green office blocks secure better tenants

    Singapore's Asia Square Tower 2 made headlines last month when it was sold to CapitaLand Commercial Trust for $1.5 billion, setting the record for the biggest office deal in Asia Pacific this year. In 2016, Asia Square Tower 1 was acquired by Qatar

    October 13, 2017 03:00 pm JST
  • ASEAN renews currency swap deal to provide $2bn support: Malaysia central bank

    KUALA LUMPUR (Reuters) -- The Association of Southeast Asian Nations (ASEAN) has agreed to renew a currency swap deal for two more years from Nov. 17, providing a total of $2 billion in financial support, the Malaysian central bank said on Friday. T

    October 13, 2017 02:08 pm JST
  • Southeast Asian countries launch trilateral air patrols

    KUALA LUMPUR -- Three Southeast Asian countries on Thursday launched trilateral air patrols and intelligence sharing, aiming to keep a lid on Islamist militancy in the region.The move follows joint sea patrols that began in June in the Sulu Sea off

    October 12, 2017 09:08 pm JST
  • Taiwanese companies fuel gains in Nikkei Asia300 Index

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday, helped by a rally in Taiwanese companies and overnight gains on Wall Street.The Nikkei Asia300 Index rose 0.7% to 1,345.96.All the three major U.S. indexes climbed to records on Wedne

    October 12, 2017 08:44 pm JST
  • Nouriel Roubini

    Three scenarios for the global economy

    For the last few years, the global economy has been oscillating between periods of acceleration (when growth is positive and strengthening) and periods of deceleration (when growth is positive but weakening). After over a year of acceleration, is th

    October 12, 2017 01:00 pm JST
  • Bank Indonesia tightens its rules as e-money takes off

    JAKARTA Leading Indonesian e-commerce startups have had to partially suspend e-wallet operations until they are granted a license by the central bank as the growing popularity of e-money services attracts greater regulatory scrutiny.These include To

    October 12, 2017 10:00 am JST
  • A manufacturing uptick can't pierce South Korea's gloom

    HONG KONG Despite escalating threats from its northern neighbor, South Korea saw its manufacturing condition pick up on stronger domestic demand and output last month. But analysts remain cautious about the country's economic outlook as the ongoing

    October 12, 2017 10:00 am JST
  • Nikkei Asia300 Index advances as Samsung extends gains

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, as heavyweight Samsung Electronics extended gains ahead of its preliminary third-quarter earnings.The Nikkei Asia300 Index rose 0.7% to 1,337.13.Asian equities also got a boost from

    October 11, 2017 08:28 pm JST