News

Sri Lanka deploys more troops as flood toll climbs to 180

Thousands of Sri Lankan troops battled on Monday (May 29) to get relief supplies to over half a million people displaced by the island’s worst flooding for 14 years, which has killed at least 180 people. The military said a lull in torrential monsoon rains allowed ...

Myanmar ethnic groups partially agree on federal state principles

Representatives from the Myanmar government, military and eight armed ethnic groups reached agreements on various matters of contention, including the basic principles for establishing a democratic federal system that would give the groups greater autonomy, at the second meeting of the 21st Century Panglong Peace ...

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 ...

Thailand to take on Singapore with $5.7 billion airport overhaul

Thailand is seeking to take on Singapore’s dominance in aircraft maintenance, repair and overhaul with a $5.7 billion upgrade of a Vietnam War-era airport. Lockheed Martin Corp.’s Sikorsky Aircraft is the latest company to study a possible increase in MRO spend in Thailand in the wake ...

The Mekong and the battle for the ‘Mother of Rivers’

For wildlife enthusiasts in the region, these are exciting times. A horned lizard and rainbow-headed snake were among 163 delightful new species documented last year by scientists alongside 10 endangered Irrawaddy dolphin calves. Fewer than 90 Irrawaddy dolphins exist on the planet.But all is not ...

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 ...

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