Investment

Infrastructure development under the Build-Operate-Transfer (BOT) model is taking shape in Laos as the government requires huge capital investment to improve road networks and other facilities. Lao economists have supported the initiative, saying that with the government’s limited funding, it’s critical to encourage the involvement ...

Zhejiang Geely Holding Group’s acquisition of a 49.9% stake in Malaysian automaker Proton Holdings from DRB-Hicom is unlikely to trigger an immediate change in the Southeast Asian market overall. Japanese automakers, particularly Toyota Motor, hold overwhelming shares in the region. South Korean automakers have been ...

The Nikkei Thailand Manufacturing Purchasing Managers’ Index, or PMI, fell marginally to 49.7 in May from 49.8 in April. A reading above 50 indicates economic expansion, while one below 50 points toward contraction. May’s data marked the second consecutive month of contraction. “Latest survey data ...

General Electric Co said on May 31 it had signed deals in Vietnam worth about $5.58 billion for power generation, aircraft engines and services, its largest single combined sale with the country in GE’s history. The agreements came as Vietnamese Prime Minister Nguyen Xuan Phuc was on a ...

U.S. President Donald Trump discussed trade with Vietnamese Prime Minister Nguyen Xuan Phuc during a White House visit on May 31 and welcomed the signing of business deals worth billions of dollars and the jobs they would bring. General Electric Co said earlier it had signed ...

The Nikkei Vietnam Manufacturing Purchasing Managers’ Index, or PMI, fell to a 14-month low of 51.6 in May from 54.1 in April. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. “Output and new orders each rose at much ...

Sumitomo group members including Sumitomo Chemical and Sumitomo Metal Mining plan to construct a liquefied natural gas receiving terminal and a gas-fired power plant in Ehime Prefecture, moving away from coal as they upgrade domestic infrastructure. The project will cost around 60 billion yen to ...

Japan’s first investment fund focusing on drone-related startups begins operation in June, offering financial assistance and business management advice for budding entrepreneurs. Though the small, unmanned aerial vehicles are increasingly employed in various industries such as construction, logistics and tourism, Japanese companies have a weak ...

The Japanese retail investors behind the latest bitcoin boom may be in for a wilder ride than they expected, given the stiff challenges in determining virtual currencies’ underlying value and the ease with which souring sentiment can sink prices. The value of one bitcoin, the ...

PanaHome will launch an Indonesian residential business on the outskirts of Jakarta, the Japanese developer said Tuesday, seeking to take advantage of growing housing demand in the Southeast Asian nation. PanaHome will build and sell detached houses in Deltamas, a city being developed by Japanese ...