Nikkei Asian Review
Myanmar's AYA Bank lowers barrier to Visa card
Myanmar’s Ayeyarwady Bank, also known as AYA Bank, announced on Tuesday that it will start issuing Visa cards to a wider customer base. The bank will issue three types of credit cards — silver, gold and platinum. The most accessible card requires a monthly income ...
Private sector can help unlock Asia's decarbonized future
Much of the world is now waking up to the idea that economic growth can be decoupled from emissions growth. With China, Japan and India leading the way, the Group of 20 leading industrialized countries is now decarbonizing at 2.8% a year. This is the ...
Panasonic turning up volume on Asian TV ops
Panasonic looks to build up to 50% more televisions in Asia outside Japan by fiscal 2020, taking advantage of low labor costs to churn out mass-market to top-of-the-line sets. The Japanese appliance manufacturer targets 3 million units of production capacity in the region by then. ...
MMC's net profit up 7.4% in first quarter
MMC Corp., a Malaysian diversified infrastructure and utilities conglomerate, said on Monday that net profit improved 7.4% year on year to 55 million ringgit ($13 million) in the first quarter of the year due to growth in its power generation unit. Revenue in the same ...
Thailand's Dtac to offer 4G network with state firm
Thailand’s Total Access Communication, commonly known as Dtac, will join with state-owned telecom operator TOT to offer 4G wireless network services. Dtac will pay 4.51 billion baht ($132 million) annually to access 60% of TOT’s 2,300MHz spectrum, setting up 20,000 cell towers. The remaining 40% ...
Samsung to pour $9bn into Chinese flash memory plant
Samsung Electronics will spend around 10 trillion won ($8.91 billion) to double capacity at a cutting-edge memory chip plant in China by 2019, aiming to solidify its position at the top as the sale of rival Toshiba’s memory operations drags on. The South Korean giant ...
Yokohama Rubber to rev up Chinese capacity by nearly 50%
Yokohama Rubber will ramp up its tire output capability in China as it seeks to boost business with local automakers. The Japanese manufacturer will bolster its production capacity for passenger-car tires in China to 13.6 million units a year by 2020, up nearly 50% from 9.35 million units in ...
Japan Airlines to add flights to Australia, Hawaii
Japan Airlines will launch additional flights serving Australia and Hawaii as early as September, revamping its international routes for the first time since undergoing bankruptcy reorganization in 2010. In addition to an existing route between Narita Airport and Sydney and code-share flights, Japan’s flag carrier ...
Japanese life insurers take hit from BOJ's negative rate policy
The Bank of Japan’s negative interest rate policy dealt a blow to Japanese life insurance companies last fiscal year, with premium income shrinking at 11 out of 15 major players. Basic profit — a measure of profitability from core operations — decreased at seven groups for ...
Day care wait lists still growing in much of Japan
Day care waiting lists have declined slightly overall but still grew on the year in 16 of 34 major Japanese municipalities, suggesting that the government remains far from its goal of clearing the chronic backlog. The Nikkei surveyed 20 cities and Tokyo’s 23 wards, with ...
