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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
  • Thai protesters surrender to police

    BANGKOK -- Eight key people of a pro-democracy march that took place here on the fourth anniversary of the country's last military coup surrendered after more than six hours of a standoff with police on Tuesday.The ruling junta has banned political

    May 22, 2018 09:04 pm 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
  • As new CIA chief takes helm, torture questions in Thailand remain

    BANGKOK -- With her formal swearing-in on Monday by U.S. Vice President Mike Pence, as President Donald Trump looked on, Gina Haspel has made history as the first female director of the Central Intelligence Agency and for now has outrun a controvers

    May 22, 2018 07:24 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
  • Ailing Thai Airways picks new president after two-year search

    BANGKOK -- Thailand's ailing flag carrier Thai Airways International has finally appointed a new president after a near two-year search to fill the position and more than a year since the departure of the previous leader.The board approved on Friday

    May 21, 2018 09:09 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
  • Thailand's 'young bloods' vow to break old political cycle

    BANGKOK -- Outspoken young politicians are pushing on the doors to Thailand's corridors of power, just as the military government marks its fourth anniversary on Tuesday and the country braces for a long-promised election early next year. The "young

    May 21, 2018 04:47 pm JST
  • Thai Q1 GDP grows at best pace in five years

    BANGKOK (Reuters) -- Thailand produced its fastest economic growth in five years in the first quarter, boosted by strong exports and tourism plus a slight firming in long-weak private consumption.With the robust January-March performance, the nation

    May 21, 2018 02:13 pm JST
  • Thai leather makers gain ground as tanners quit China

    BANGKOK -- Thailand's tanners and leather goods makers are expanding production, fueled by greater demand in Asia and the Middle East and tougher environmental standards in China that have put competitors at a disadvantage."We plan to boost producti

    May 19, 2018 04:00 pm 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
  • Kao to pour resources into Asia-friendly Sensai and Kanebo brands

    TOKYO -- Consumer products manufacturer Kao will concentrate investment on 11 of its roughly 50 cosmetics brands, with an emphasis on developing high-end offerings to better compete in greater Asia.Under plans announced on Friday for a new global po

    May 19, 2018 05:15 am 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
  • Thai military moves to cement relations with big business

    BANGKOK -- As he approaches the fourth anniversary of his coup on May 22, Prime Minister Prayuth Chan-ocha has been lavishing praise on Pracha Rath Rak Samakee, a social enterprise initiative created by the military in consort with wealthy businessm

    May 18, 2018 01:35 pm JST
  • EU remains unconvinced by Thai seafood industry reforms

    BANGKOK -- Thailand's multi-billion dollar seafood industry continues to be assailed by the European Union, which is refusing to give the sector a clean bill of health following decades of exploitative and unregulated fishing offshore.The latest rul

    May 18, 2018 11:35 am 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
  • '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
  • Beer and cars fuel optimism for Asian corporate profits

    SHANGHAI -- The rising tide of Asian consumption is lifting many constituents of the Nikkei Asia300, the latest profit projections show.For fiscal 2018, the aggregate net profit of the bulk of companies on the list is forecast to set a second straig

    May 17, 2018 06:00 pm JST
  • Singtel to focus on digital business as competition heats up

    SINGAPORE -- Singapore Telecommunications, or Singtel, aims to grow its digital business to strengthen competitiveness as competition intensifies in the telecom industry.At a financial results briefing on Thursday, Singtel group CEO Chua Sock Koong

    May 17, 2018 04:31 pm JST
  • Central Group buys 22% stake in Thai luxury hotel chain

    BANGKOK The property development arm of Thai retail giant Central Group has acquired a 22.93% stake in Dusit Thani, a local operator of high-end hotels, as a long-term investment.Central Pattana bought 194.9 million shares -- worth 2.14 billion baht

    May 17, 2018 10:00 am JST