NNA Asia headlines

April 19

  • Japan textile maker Nitto Boseki to sell China weaving and dying unit on rising costs and tighter environmental regulations
  • Sumitomo Forestry to start selling jointly developed condos in Bangkok
  • Taisho Pharmaceutical of Japan buys 50.8% stake in Vietnam’s Duoc Hau Giang Pharmaceutical
  • Japan’s Shiga Bank financing firms’ entering Dong Van III industrial park near Hanoi
  • South Korean central bank sees 2019 growth at 2.5% on slower consumption and exports, down from Jan forecast of 2.6%
  • Amazon closing e-commerce business in China due to competition with online retailers Alibaba and JD.com: press reports
  • Japanese electronics parts maker Kyocera opens innovation center in Shenzhen to collaborate with startups
  • Ricoh enters X-ray equipment joint venture with S. Korea's Xavis, eyeing tougher food safety rules in Japan
  • AirAsia scraps plan for Vietnam unit with Gumin and Hi Au Airline amid stiff competition

April 18

April 17

April 16

  • Nidec of Japan to begin electric vehicle chassis manufacturing in 2025: Kyodo report
  • Japanese marketer Aoi Tyo buying 25% stake in Vietnam's April Advertising to expand in SE Asia
  • Japan's I-O Data Device to set up Vietnamese unit in August to enhance offshore software development
  • China Q1 goods trade down 1.5% y/y at $1.03 trillion on 15.4% decline with U.S.
  • China Q1 trade surplus with U.S. widens 7.6% y/y to $62.7 billion vs overall surplus $76.3 billion
  • Philippines' Q1 new vehicle sales dip 0.8% y/y to 85,388 units on sluggish passenger car demand
  • Mobile payments at stores account for 40% to 60% in six SE Asian countries: PwC survey
  • Japan's Kintetsu group opening eel restaurant in Taipei, its 1st overseas dining outlet
  • Japanese truck maker Hino Motors and Yamato Transport safety train truck drivers in Malaysia
  • Struggling South Korean conglomerate Kumho to sell 33.5% stake in Asiana Airlines: press reports

April 15

April 12

  • Japan’s Makino Milling Machine sets up smart factory in Singapore to enhance automation with IoT technology
  • Yamaha Motor to test self-driving electric carts near Hanoi with IT firm FPT and city developer Ecopark
  • Japan’s Daido Die & Mold opens auto parts mold plant in Indonesia, 2nd overseas production hub after Mexico
  • India 2018 online home appliance sales volumes grow about 50% vs +1% through other channels: Economic Times
  • Taiwan motorcycle maker Kymco to build 1-billion-peso ($19 million) e-scooter plant in Philippines with 72,000-unit annual capacity: press reports

April 11

April 10

  • Cool Japan Fund injects S$13.5 million ($10 million) into Singapore's social media marketer Clozette to promote Japanese brands to millennials in SE Asia
  • India private equity investment tops $10 billion for 1st time in Jan-Mar quarter, up 26% y/y and 39% q/q: press report
  • SoftBank Vision Fund leads $225 million funding for HK-based travel booking firm Klook for more business in Japan and other Asian markets
  • Honda to close passenger car factory in Turkey in 2021 amid slow sales in Europe, focusing on U.S., China markets: Kyodo report
  • Panasonic Indonesia launches air conditioner with air cleaner and refrigerator with soft-freezing function
  • Japanese cancer drug maker Oncolys grants exclusive rights to Chugai Pharmaceutical to make and sell an oncolytic viral immunotherapy

April 9

  • Japanese robotics maker Fanuc invests 1.5 billion yuan ($224 million) to build its largest overseas factory in Shanghai
  • India's Oyo Hotels & Homes enters Japanese market via joint venture with SoftBank Vision Fund
  • Japan's Mutsumi Special Alloy Industry invests $3 million to begin plastic molding parts production in Myanmar by yearend
  • Hong Kong-based Kerry Logistics developing dry port in Lao capital Vientiane with Sitthi Logistics to cover Greater Mekong
  • Japanese air conditioner maker Fujitsu General buys factory in Thailand from SNC Former for 606 million baht ($19 million)

April 8

  • Japanese rice snacks maker Kameda to start producing in India after testing market
  • Sojitz and four other Japanese firms to invest in German wpd offshore wind power project in Taiwan
  • Myanmar approves Japan's Dai-ich Life and four other foreign insurers to run wholly owned units
  • Central banks of Indonesia, Malaysia, Philippines and Thailand set up local currency settlement pact to reduce FX costs and dollar dependence
  • Japan's DroneFund invests in Malaysia's Aerodyne global drone service

April 5

  • Hyundai to introduce Philippines's first electric passenger vehicle Kona SUV at 2.4 million pesos ($45,950), double the price of gas engine model
  • Myanmar grants wholesaler licenses to Japanese firms Toyota Tsusho, Otsuka Pharmaceutical and Asahi Group as part of deregulation
  • Joint venture of Japanese refiner Idemitsu Kosan and Taiwan's Formosa Petrochemical to test run petroleum resin plant in Apr-June 2019
  • Japanese trader Sumitomo takes over Malaysian firms PM Care and Health Connect to dominate medical payment services sector
  • Marubeni enters Philippines' smart grid business with Japanese utilities Kansai and Chubu and electric power distributor Meralco

NNA Asia headlines