Nikkei Asian Review
Thailand's PMI falls to 49.7 in May
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 ...
GE signs $5.58bn in power, aviation deals in Vietnam
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 ...
Trump hails signing of deals worth 'billions' with Vietnam
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 ...
Vietnam manufacturing PMI drops to 51.6 in May
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 to build LNG plant in Japan
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 ...
Investor Chiba envisions 'Team Drone Japan' with new fund
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 ...
Japan's draft growth strategy forgoes far-reaching reform
Japan’s new strategy to stoke growth in key industries includes case-by-case regulatory exemptions to spur innovation, but the government’s piecemeal proposals lack the fundamental changes needed to re-energize the overall economy. Prime Minister Shinzo Abe’s government debuted the draft of its 2017 strategic growth plan Tuesday at a ...
Soaring bitcoin price means investors face growing risks
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 ...
China May factory PMI growth keeps pace with previous month
Growth in China’s manufacturing sector in May kept pace with the previous month, an official survey showed on Wednesday, beating expectations in a reassuring sign the world’s second-biggest economy is not losing too much steam after a solid first quarter performance. The official Purchasing Managers’ ...
PanaHome to kick off Indonesian housing business
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 ...
