Asia
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South Korea’s GS Group seeks to expand in Indonesia
GS Group, Korea‘s seventh-largest conglomerate by assets, is aiming to expand its energy, construction and retail businesses in Indonesia as part of a globalisation...
Indonesia to co-develop $8-billion South Korea fighter jet project
South Korea’s arms procurement agency said on October 6 that Indonesia had agreed to pay 20 per cent of the development costs of a...
Japanese foundation boosts education for poor in Laos
An estimated 1,300 schoolchildren in four rural districts of Savannakhet province in Laos will have a bountiful supply of school material this academic year...
Brunei collaborates with Malaysia and IDB to boost rice production
Brunei's Ministry of Industry and Primary Resources (MIPR) is collaborating with the Malaysian government and the Islamic Development Bank (IDB) under a $6 million...
Japanese financial firm to buy Indonesia’s Bank Mutiara
Japanese finance company J Trust Co Ltd is set to buy Indonesia's PT Bank Mutiara Tbk to tap rising demand for retail finance in...
Philippines’ Rizal Bank to sell 20% stake to Taiwan lender
The Philippines' Rizal Commercial Banking Corp (RCBC) is in talks to sell a 20 per cent stake to Taiwan's Cathay Financial Holding Co, Rizal...
Singapore’s GIC in talks to buy Tokyo building for $1.6b
Singapore's sovereign wealth fund GIC is in talks to buy a Tokyo office tower for about 170 billion yen ($1.6 billion), three people with...
Japanese oil firm plans refineries, petrol stations in Indonesia, Vietnam
JX Nippon Oil & Energy Corp is looking at building refineries and petrol stations in Indonesia and Vietnam as fuel consumption slumps at home,...
Sultan of Brunei makes bid for New York’s Plaza Hotel
The Sultan of Brunei is making a play for one of the world's most-storied hotels, people familiar with the matter said. An investment vehicle...
New Singapore Airlines-Tata joint venture Vistara to take off in October
Singapore Airlines and Tata Sons Ltd. said on August 11 that they have named their new airline Vistara and plan to start flights in...
Singapore to implement massive waste management system
Singapore is embarking on an ambitious project to develop a technology road map that can help it deal with its rubbish, all the way...
Thailand to reclaim top rice exporter spot after poor Indian season
Thailand is set to reclaim its status as the world's top rice exporter as weak monsoon rains curb India's crop, helping the Southeast Asian...
Japanese SMEs now favour Philippines over Thailand
The Tokyo branch of the Metropolitan Bank & Trust Co. (Metrobank) said the political situation in Thailand has prompted some Japanese businesses to transfer...
Thai gold jewellery exports to India drop 80%
Amid concerns over the certificate of origin issue, import of gold jewellery from Thailand has dipped by 80.7 per cent in 2013-14, the parliament...
Samsung wins license to invest $1 billion in Vietnam
Vietnam authorities gave a license to a unit of Samsung Electronics Co. to invest $1 billion in a factory in the country's northern province...
Indonesian motorcycle maker to expand in ASEAN and to Turkey
PT.TVS Motor Company Indonesia, the Indonesian arm of Indian motorcycle maker TVS Motor Company, is looking at entering Laos, Cambodia, Malaysia and Turkey in...
South Korea’s Kakao eyes Indonesia, Philippines, Malaysia for expansion
Kakao Corp., the home of South Korea's biggest messaging application, plans to expand in Indonesia, the Philippines and Malaysia as it seeks to close...
Japanese food firms to invest up to $1b in Indonesia
Some 20 Japanese food and beverage companies plan to invest a combined total of between $400 million and $1 billion in Indonesia, an Indonesian...
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Samsung to expand production facilities in Vietnam yet again
South Korea’s electronics major Samsung Electronics Co. is determined to further expand production in Vietnam, co-CEO Koh Dong-jin told Vietnamese Prime Minister Nguyen Xuan...
Stories of the week
Macau group builds Vietnam’s largest casino
Construction is currently underway for Vietnam’s so far biggest casino as part of the Hoiana Resort on an ocean stretch in Vietnam’s central province...