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Hong Kong Utility to Sell Australian Gas Plant for $1.3B
asia.nikkei.com

CLP Holdings, one of Asia’s largest electric power companies, on Thursday said it will sell a gas plant for 1.78 billion Australian dollars ($1.28 billion) to Queensland Investment Corporation, an investment firm owned by the State of Queensland. CLP subsidiary Energy Australia will sell its entire interest in the Iona Gas Plant, located in Victoria. […]

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Japan-India Alliance Will Transform Asia
asia.nikkei.com

It hasn’t made much headline news, but the fact that India is now finally set to buy 15 US-2 seaplanes from Japan marks a significant breakthrough in Japan-India relations. It also is a harbinger of how growing India-Japan ties will transform Asia in the 21st century, and how other countries, including China and the United […]

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Sandalwood Grower Smells a Fortune
asia.nikkei.com

From luxury French perfumes such as Chanel No. 5 and Yves Saint Laurent’s Opium to the humble incense stick, from traditional Chinese medicine to modern pharmaceuticals, and from Hindu and Buddhist religious carvings to fine furniture, there is a common ingredient — sandalwood. For thousands of years, richly scented sandalwood has been traded across Asia, […]

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Myanmar Approves National Minimum Wage
uk.finance.yahoo.com

Myanmar’s government has approved the country’s first-ever national minimum wage, state media reported on Saturday, after months of bitter negotiations with labour groups and employers. The wage has been set at 3,600 kyat ($2.80) “for a standard eight-hour work day” and takes effect from Tuesday, said the state-run Global New Light of Myanmar newspaper. It […]

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Philippines’ Consumers Attract Appliance Giants
asia.nikkei.com

Chinese and Japanese home appliance manufacturers are sharpening their focus on the Philippines, where demand for durable goods is expected to surge. China’s Haier Group will introduce its Aqua brand in the Southeast Asian country this year, Nobuhito Hayashi, president of the Philippines operations, said earlier this month. With a population of over 100 million, […]

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KFC Opens in Myanmar
asia.nikkei.com

For international restaurant chains, the race is on to get into Myanmar. Following the recent opening of a KFC restaurant, Japanese trading house Sojitz Group announced a partnership with a Myanmar company to provide logistics for refrigerated deliveries of temperature-sensitive foods. Myanmar’s first KFC opened July 7 in the Yangon commercial hub of Bogyoke Aung […]

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Vietnam Airlines Updrades Their Fleet
asia.nikkei.com

Vietnam Airlines is trying to more effectively compete with and possibly regain lost market share from VietJet Air and other budget rivals. The cabin of this A350 XWB features large entertainment screens for all passengers. One piece of its strategy has been to add big, state-of-the-art aircraft to its fleet. To this effect, the number […]

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Global Investors Eye New Zealand Property Market
asia.nikkei.com

In the global real estate market, New Zealand used to be something of an unknown quantity. It was considered too small to attract the attention of big corporate investors and sufficiently illiquid to frighten off all but the bravest individuals. That changed in 2014 with a surge in large investments. The shift looks likely to […]

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