NNA Business News Headlines

January 24

Japan’s Belluna launching doctors, nurses staffing service via takeover of Singapore firm Toyota Tsusho opens Singapore unit for R&D on connected mobility service Japan realtor Yamaman to open 1st overseas hotel in Yangon in Feb.
Thailand’s 2019 new vehicle sales dip 3.3% to 1 mil. units
Japan's NTT opens Myanmar unit to offer corporate customers telecom gear management, consulting service
Indonesia expects commercial vehicle rebound, 2019 sales fell 18.3%

January 23

Mitsubishi’s Xpander beats Toyota’s Avanza in Indonesian vehicle production
Japanese auto parts maker Hirotec to expand Indian plant
Konoike to buy stake in apparel inspection firm in Bangladesh
Thai vehicle exports in 2019 fall below 1.1 mil. for 1st time in 7 years
Sluggish exports trim Thailand’s 2019 vehicle output
German chemical giant BASF to build Asia-Pacific agrichemical hub in Singapore
Toyota Indonesia's 2019 car export best-ever in 5 years

January 22

Malaysian automaker Perodua plans 86% boost in capital investment Japan firms in Indonesia to increase pay at slower pace in 2020: NNA survey Conveyor-belt sushi dining chain Kura Sushi to open outlet in Shanghai Mitsui, PTT to form robotics, AI venture in Thailand
Developer Takara Leben group opens Vietnam unit to manage its condos in Haiphong
Dental clinic equipment maker Shofu to produce abrasives in Vietnam for global market

January 21

Japanese pawnshop firm Sou to set up China, Singapore, Europe units Mitsui Fudosan to open 1st outlet mall in southern Taiwan in 2022 Samsung to build $500 mil. smartphone display plant in India: report Yusen Logistics wins AS9120 certification for aerospace, defense parts in Singapore
China to ban output and sales of single-use plastic items from 2025
China’s new car sales this year likely to remain flat at 25 mil.: industry minister

January 20

Toyota gets approval for EV, plug-in hybrid vehicles production in Thailand Hon Hai Precision, Fiat Chrysler to form EV venture in China
Indonesia new car sales in 2019 fall 11% to 1.03 mil. units, 1st drop in 4 yrs
SE Asian travelers to Japan hit record high for 8 yrs in row, total 3,83 mil. in 2019
Singapore exports mark 1st increase in 10 months in Dec. 2019 on growth for China
China's GDP growth slows to 6.1% in 2019, lowest level in 29 yrs
India’s Mahindra to buy online car sales platformer Fifth Gear Ventures Diplomatic row throws Malaysia’s palm oil export to India into headwinds

January 17

Japan's Meidensha to acquire 41% stake in Vietnamese switchboard maker Japanese staffing agency Copro to launch Singapore unit to send Southeast Asian workers to home Honda Indonesia launches latest scooter in stable 2020 market Hitachi completes elevator test tower at world’s highest level in Guangzhou, China
Japan's bridal jewelry dealer New Art to open Singapore unit to tap SE Asian market
Sompo Indonesia to launch malaria insurance as part of disease eradication effort Semiconductor giant TSMC upbeat on 2020 sales for 5G phones and fast computers

January 16

NNA survey: Japan firms in India eye average 8% wage hike in 2020, against 9.4% last year Mitsubishi Motors to launch showroom in the Philippines to supply solar power to EVs
76% of British accountant body members predict worsening H.K. economy in 2020
Taiwan’s JKOS Network begins mobile payment service in Japan
Chinese steel industry vows to shift emphasis from quantity to quality

January 15

NNA survey: Japan firms in Thailand plan average 4.0% wage hike, down 0.2 point Japan's Obayashi, Salim Group to launch farm project in Indonesia Sumitomo Rubber to open natural rubber procurement specialty unit in Singapore Japan's Sompo Holdings to begin selling malaria insurance in Indonesia by Sept.
China 2019 exports at $2.49 tril. with growth slowing to 0.5% amid trade row with U.S.
Taiwan Walsin Lihwa to build $500 mil. nickel pig iron processing plant in Indonesia: report
Sluggish commercial vehicle sales in India to continue amid slowdown, regulatory changes Taiwan New Kinpo Group expanding printer capacity in China despite trade row Japan’s Mos Burger to open 5 outlets in Philippines this year

January 14

Hisamitsu Pharmaceutical to set up sales unit in Malaysia Japanese "matchmaking restaurant" chain Aisekiya taps Southeast Asia Japan’s Daihatsu Motor increasingly hiring Vietnamese auto technicians China’s 2019 new vehicle sales suffer 2nd straight annual drop
Labor union applications in H.K. in 2019 June-Dec. period total 135, up from only 10
8 Japanese carmakers sell 960,000 vehicles in Indonesia in 2019, off 12%: NNA survey

January 10

Ricoh to launch digital printer plant in China in April JXTG Energy opens lubricant sales company in Philippines Japanese civil engineer Nippon Koei to embark on India’s infrastructure projects
Japan's Arakawa Chemical Industries to build factory for paper-reinforcing chemicals in Vietnam
Over 60% of Myanmar middle class in Yangon hopes to buy cars in 3 yrs
Philippines eager for swift creation of Japan's masterplan for Subic development Japanese robotics firm Fuji launches Indian arm to beef up sales Bandai Namco opens its largest amusement arcade in India Japan provides extra loan to strengthen 2 Manila bridges against earthquakes

January 9

Toyota new car sales in China in 2019 log record 1.62 mil. units, topping Japan for 1st time
Showa Denko to build new high-purity gas plant for electronics in Shanghai
Mitsubishi, Shinkong Synthetic to boost PET chemical recycling capacity in Thailand Kyushu Electric to run micro grids on Philippine remote islands with PowerSource Call center operator Bellsystem24 buys stake in True Touch to enter Thai market Kameda Seika and local partner launch premium rice snacks in India Severe flooding in Indonesia hurts suppliers, employees of Japanese-invested companies Isuzu investing $131 mil. to produce low-emission trucks in Taiwan

January 8

Competing growth strategies for Taiwan as Tsai leads in election poll Aozora Bank to acquire 15% stake in Vietnamese bank OCB Japan's Air Water allies with Vietnam's Pacific Petro to launch LPG sales
Isuzu Motors to build eco-truck plant in Taiwan amid tightening emission rules
Japan's Central Nippon Expressway to join service area operation in Taiwan
Malaysia, China team up in next generation vehicle development

December 20

Cafeteria operator Green House acquires Singapore’s The Wok People Myanmar new vehicle sales likely to top 20,000 units in 2019 Nishi-Nippon Railroad to open 1st S.E. Asia hotel in Bangkok Japanese steel trader Hanwa to buy 10% stake in Myanmar’s major steel processor
Amazon to set up 3 cloud services data centers in Indonesia
Major equipment maker China First Heavy to invest $8.5 bil. in Indonesia: report
Mos Burger, Pepper Lunch add Meiji cheeses in their Hong Kong meals Taiwan meat-substitute makers take growing share of enthusiastic global market

December 19

Tokyu Fudosan to invest in major Malaysian development project Japanese used car dealer Carchs to launch China JV to sell to C. Asia, Europe Japan’s Ezaki Glico to produce Pocky chocolate biscuit sticks in Indonesia
Showa Denko to acquire Hitachi Chemical for 960 bil. yen
Japan’s RS Technologies to set up 12-inch silicon wafer venture in China
TV Tokyo to produce animation programs in China Japan's NEDO launches fuel station in Indonesia's push for CNG vehicles

December 18

MinebeaMitsumi to shift part of game console production from China to Cambodia Malaysian internet car auctioneer Carsome raises $50 mil from Japan, U.S., Chinese financiers Carsome, Japan Bike Auction collaborate to expand used car sales in Indonesia Taiwan food processor, Showa Sangyo of Japan set up JVs to process eggs, mill flour Panasonic to open its 4th wiring gears plant in India
SMBC buys 5.4% share in Indian nonbank Northern Arc Capital to boost microfinance
Sumitomo launches geothermal power plant in Indonesia’s Sumatra Analysts don't expect baht to weaken, but Thai bank thinks differently

December 17

Tanaka Kikinzoku to open India unit to meet industrial needs for precious metals Drugstore chain Matsumotokiyoshi to open 1st Vietnam outlet in Ho Chi Minh City Trader Toyota Tsusho to build 2nd rental factory in Poipet, Cambodia Sumitomo launches geothermal power plant in Indonesia’s Sumatra Japan’s Dowa to build hazardous waste incineration plant in West Java ATM Japan joins Indonesian firm to serve growing local demand Hit by U.S.-China trade dispute, Taiwan laptop maker Inventec to invest $10.3 mil in Malaysia

December 16

Bangkok Bank to buy Indonesian peer Permata for $ 2.67 bil.
Japan's Kobelco Eco-Solutions completes water treatment facility near Phnom Penh Japanese food trader Kato Sangyo to buy Malaysia's Merison for expansion in SE Asia
Japan's air conditioner maker Daikin shifting production from Thailand to Australia
Hokkaido-based HR agency Regions opens 1st overseas unit in Taiwan
Realtor Legal to open its 1st unit abroad in Singapore to lure investment in Japan
Sojitz ties up with Yuchengco Group in Geely-brand car sales in Philippines: sources Isuzu Indonesia begins exporting Traga pickup trucks to Philippines Sukiya beef bowl opens first Hong Kong outlet

December 13

Japan's Zensho opens 1st Sukiya beef rice bowl outlet in Hong Kong
Chemical maker Tosoh to produce quartz glass products in S. Korea for supply to Samsung, SK hynex NTT to build $400 mil undersea cable linking Singapore to Myanmar, India
Isuzu Motors' Indonesian unit shipping Traga pickup truck to Philippines, marking its 1st export
Aozora Bank allies with China Renaissance Holdings to facilitate M&A between Japanese and Chinese firms

December 12

Murata Manufacturing to begin traffic data sales in Indonesia Mos Food offers vegetable meat burgers in Singapore India’s preventive healthcare firm GOQii eyes Japan entry with trader Mitsui Malaysia’s Afjets joins Japanese and S. Korean firms in exporting palm oil to Japan
LNG buyer JERA launches shale gas processing plant in U.S. for Asia and Europe
Used clothing, goods retailer Bookoff expanding store network in Malaysia

December 11

Toyota to open logistics facility in Philippines on growing demand for imported cars Hong Kong retail sector mulls slashing over 5,600 jobs in next 6 months Thailand's EV sales in Nov. record-high, supported by Chinese brand Used brand goods seller Komehyo to close Beijing unit on low trade-in Takashimaya, contractor Shimizu jointly acquire office, mall complex in Hanoi
Japanese logistics firm Nikkon opens its 1st warehouse in Malaysia

December 10

Japanese EMS firm Sumitronics opens factory in Cambodian town of Poipet on border with Thailand Malaysia's Etika under Japan beverage maker Asahi group to buy Singapore’s vending machine operator Advend Systems Marubeni, SMBC, 2 other Japan firms invest in venture fund managed by Singapore state investor Temasek’s arm Japanese electrical engineering firm Kandenko to buy 40% stake in Philippine peer PHPC
State-backed think-tank Chinese Academy of Social Sciences forecasts around 6% economic growth in 2020
Itochu enters joint venture to sell goods in Chinese baby care and maternity market Toyota offers mobile app to grow in Indonesia, become more digitized overall Component makers defer $2 billion investment plan amid automobile slowdown in India

December 9

Japan's Mitsui Sumitomo Insurance partners with KBZ Group to penetrate Myanmar market Panasonic to open home appliance plant for 1st time in 16 yrs in China in 2021: Kyodo Asahi Kasei acquires Indonesia's halal certification for microcrystalline cellulose Hankyu Hanshin Properties to build 1,700 houses for sale in 2 cities near Manila Trading house Marubeni to invest in Chinese eco-vehicle venture Byton: local report
Japanese fintech firm Incir allies with Singapore's Moby Group for e-commerce business
Dai-ichi Life Insurance launches keyman insurance in Indonesia

December 6

Uniqlo opens 1st shop in Vietnam, entering 6th country in SE Asia Conveyer-belt sushi restaurant chain operator Sushiro posting robust sales in Hong Kong despite continued unrest
Japan retail giant Aeon opens 2nd shopping mall in Hanoi
Ride-hailing firm Grab launches payment card with Mastercard in Singapore, eyeing SE Asia
Coca-Cola to build plastic bottle-recycling plant in Philippines, its 1st in SE Asia Honda Motor cracking down harder on counterfeit motorcycle parts in India, with confiscated items up fourfold to over 50,000 in FY2018
Japan's Toko Electrical Construction opens Myanmar unit to meet engineering work demand

December 5

Nintendo to release Nintendo Switch console in China for 1st time on Dec.10 Mitsui Sugar to open refined sugar plant in China’s Liaoning in late 2020
Marubeni Construction Material Lease to form China unit for earth retainment work
Car antenna maker Harada Industry to open new Vietnam plant to expand capacity M'bishi Heavy opens Yangon office to meet demand for power generators, transport gear
Mitsui, Indonesia’s PGN to deploy ICT for natural gas infrastructure development
Singapore’s Parkway Life REIT buys 3 nursing properties in Japan

December 4

Nisshin Foods opens premix factory in Vietnam, shifting from imports from Thailand Auto parts maker Denso expanding plant in Phnom Penh special economic zone Japan's fan club platform operator Skiyaki to establish 1st overseas unit in Singapore Toyota opens its 1st car leasing unit in China in Hainan, eyeing tourists Japan’s JTB, China's Trip.com tie up to promote winter sport service for China travelers Concrete pipe maker Nippon Hume to divest 60% stake in Thai subsidiary to Mongheng Group Vingroup, Masan to create biggest retail platform through merger

December 3

BMW, Great Wall Motor to build 160,000-unit EV plant in eastern China in 2022 Japan's Suzuki Shokai, Hong Kong-listed Chiho Environmental Group to begin recycling scrap metal with Thailand's Hidaka Yookoo
Cambodia’s Acleda Bank funded by Japan's SMBC set to go public as first listed local lender: report
Yamaha Motor launches remodeled mainstay scooter, 2 sporty motorcycles in Indonesia
Hong Kong’s Oct. retail sales down 24.3% y/y for sharpest drop on record
Philippine firms grow second wing in expansion in emerging Southeast Asian markets Vietnam's Mai Linh seeks Japanese bus partnership as competition hots up

December 2

Japan's Toyo Ink opens Myanmar plant in Thilawa SEZ to capture growing packaging, ink, adhesive demand Toyota Boshoku to sell subsidiary’s 49% stake in Kawashima Automotive Textile India to Germany's Aunde Achter & Ebels for eventual joint venture
No beer shipment from Japan to S. Korea in Oct., hit by boycott campaigns amid bilateral diplomatic row
Hotel Okura to manage hotel in Taiwan's Kaohsiung being built by Japan's Daiwa House Industry
Japan's H-One to form automotive parts joint venture in China's Wuhan in March
Hitachi Omron Terminal Solutions gearing up automated teller machine shipment in India, aiming to sell up to 40,000 units by 2021 JTB, Singaporean certification sign deal to strengthen halal foods sold in Japan

November 29

Chailease Holding of Taiwan eablishes JV to expand in Indonesian finance market Japan's Daito Trust Construction to invest $50 mil in Singapore's JustCo to enter office-sharing market SoftBank, Lippo Karawachi team up in using AI-assisted tech to develop smart city in Indonesia
Japan's Fuji Foods to produce halal seasonings in Indonesia
Measuring equipment maker Horiba of Japan to build Shanghai plant in 2021 to tap demand for eco-vehicles, their parts Japanese trader Mitani buys Singapore's livestock feed trader MJI Universal to capture growing demand in Asia
Japan's consulting firm Leave a Nest join hands with India's Arc Ventures to help local startups take off

November 28

Kyocera to build 3 more micro solar power grids in rural Myanmar Taiwan New Kinpo Group to ease reliance on China by doubling capacity in Thailand SoftBank exploring new energy storage technologies to drive green energy business Panasonic get Malaysia’s halal certificate for water purifiers, other apparatus Air conditioner maker Daikin buys Singapore’s BMS Engineering & Trading Nippon Express obtains medical GDP certification at India’s Hyderabad airport
S. Korea’s LG to invest in SoftBank’s venture capital fund for AI technology
Idemitsu Kosan sets up advanced materials manufacturing unit in Malaysia

November 27

Mitsubishi Estate buys 30% stake in outlet mall developed by Thailand's Central Group Hyundai Motor to build car assembly plant in Indonesia in 2021
Taiwan electronics giant New Kinpo Group to boost output in Thailand on U.S.-China row
Japan’s NYK Line allies with Indonesia state-run Pertamina Group in LNG transport Japan’s JOGMEC to form gold, copper mining venture with Australia's Hammer Metals

November 26

Grab mobile wallet to offer loans and insurance in Thailand Kirin to sell Australian dairy unit to China’s Mengniu Dairy for AU$600 mil. Japanese diaper maker Unicharm’s Indonesian unit to be listed Dec. 20 Toyota Tsusho invests in India’s long-haul bus app provider Super Highway Labs Marubeni wins 10-year extension of India’s Ravva oil and gas output-sharing deal
Majority of Japanese firms in India eye profit upturns in 2020: JETRO poll

November 25

Nomura opens brokerage JV in China, 1st with majority stake among Japanese rivals
Japan-aided water purification plant to open in southern Cambodia in 2023
Medical equipment maker Japan Lifeline opens plant in Malaysia's Penang Nissan Motor mulls halting production of Datsun models in Indonesia on sluggish sales Chemical maker Nippon Shokubai gets halal certificate for all products in Indonesia
Toyota Financial Services launches auto loans with approval in 30 minutes in India

November 22

Aeon opens SE Asia's 1st “Aeon Style” mall suiting local needs in Malaysia
Japanese "Tirol Choco" chocolate maker to open Vietnam plant in 2020 for supply to home market NNA survey: Around 70% of Japan firms in Hong Kong see business affected by continued unrest Sojitz-led Japanese team wins project to upgrade telecom network linking Myanmar's 3 major cities Taiwan population seen sagging after peaking at 23.59 mil in 2020

November 21

Mitsubishi Estate Residence embarks on 1st housing project in Philippines
S. Korea’s Incheon airport to make huge investment to recapture Asian hub status
Thai Oct. vehicle output plunges 22.5% y/y for 1st double-digit fall in 2 1/2 years
Itochu Enex to begin car wash operation in Vietnam in 2020 NEXCO-Central sets up 1st overseas unit in Philippines for road business Japan’s RareJob invests in India’s Multibhashi language learning platform

November 20

TechnoPro, Japan-based source of contract engineers, expands in vital India market Sojitz gains foothold in Myanmar's growing telecom infrastructure Japanese self-service laundry developer Wash House taps China
Toyota launches 2nd phase experimental project to ease notorious Bangkok traffic jams
Registered electric motorcycles nearly 200,000 units in Taiwan, up 2.7-fold from 2016
JFE Steel to form automotive specialty bar steel unit with China BaoWu Steel Group GMO Internet launches internet infrastructure services with AMZ Group Sole in Laos
Taiwan’s Teco, Chinese EV maker to tie up to supply affordable e-jeepneys in Philippines

November 19

Philippine antitrust body fines Grab’s local unit, orders passenger refund Trading house Mitsui to build new mega gas-fired power plant in Thailand Probiotics drink maker Yakult opens plant in Myanmar Idemitsu Kosan to open syndiotactic polystyrene resin plant in Malaysia Hitachi Industrial Equipment gets order for distribution transformers from Myanmar Toyoda Gosei to double output capacity of automotive rubber parts in China
Coin laundry shop operator Wash House to set up joint venture in China’s Qingdao

November 18

Panel maker Innolux to invest $2.28 bil in equipment, technology in Taiwan Indonesia’s Vasanta Innopark to open Japanese shopping attraction in 2021
HK revises down 2019 GDP forecast to 1.3% drop on prolonged unrest, 1st fall since 2009
Innolux under Foxconn to invest NT$70.1 bil. in Taiwan factory expansions
Japanese engineering firm Chiyoda to close Thai unit as part of restructuring plans
Japan's BroadBand Security to form Thai JV with local firm for credit card data protection
Sony to open research center on applied AI in Bengaluru, southern India in 2020

November 15

Thailand’s AWC achieves Q3 turnaround, to invest 1.82 billion in more hotels, malls Toyoda Gosei to bolster airbag output capacity in Vietnam by 50% to 25 mil units in FY2023 Asahi Kasei to begin sewing airbags near Hanoi with annual capacity of 2.5 mil units Japan’s Daiwa Securities Group launches microfinance in Myanmar jointly with OK Myanmar Japanese car parts retailer Autobacs Seven buys 63% stake in Singapore’s vehicle repair, maintenance firm SK Automobile
Kanto Denka Kogyo of Japan to build fluorochemical plant in China with local partner in 2021
Tokai Tokyo Financial to inject $5 mil into Singapore’s digitized securities exchange operator ICHX Tech

November 14

Japan’s Matsumotokiyoshi to form joint venture with Vietnam’s Lotus in Feb. Toyota rolls out light truck to help Philippine public transport upgrade effort Mitsui, Mitsubishi Estate to join leasing customized logistics project in Malaysia Yoshimura Food to buy Singapore’s kitchen equipment maker NKR Continental Mitsui to invest in China’s next-generation ethanol maker Shougang Lanza Tech
NTT Com invests in Singapore fintech startup M-DAQ to offer fixed FX service
Sojitz to hold stake in Singapore arm of Malaysia’s telecom tower operator edotco
Mitsubishi Chemical to consolidate 3 Taiwan, Thai units each next April

November 13

Mitsubishi unveils anticipated Xpander Cross in Indonesia Mazda launches flagship CX-8 SUV in growing Thai market Taiwan electronic parts maker Yageo seals $1.6 bil cash takeover deal of U.S. Kemet Japan’s IT service firm SCSK to open Indonesian unit this week Struggling Onkyo to cut 30% of audiovisual equipment business workforce: Kyodo
Toyota taps public transportation vehicles’ modernization in Philippines
China’s Great Wall Motors sets up manufacturing unit in India: report Trader Sumitomo to inject 500 mil. yen into Taiwan e-bus maker RAC Electric Vehicles

November 12

Mitsubishi eyeing export of Philippine-made light vehicles to SE Asia and beyond Sony Interactive Entertainment to open 1st SE Asian studio in Malaysia in 2020 Logistics firm Aichi Kaiun sets up Malaysian unit to ship biomass fuels to Japan NEC sells Banqsoft automated banking service to South and SE Asian lenders Toshiba beefs up e-waste recycling in Singapore ahead of 2021 regulations
Philippine Metalworkers Alliance seeks safeguard steps to curb imported cars

November 11

Fuji Electric eyeing India as production hub for Middle East, Africa Hospital bed maker Paramount expanding product line in Indonesia Japan’s Citizen Machinery to double output of numerical control lathes in China Japan’s Showa Sangyo to invest 2.6 bil. yen in 2 firms under Taiwan food maker DaChan Japan’s popular cosmetic portal @cosme launches multilingual app in HK, Malaysia
Yamaha Motor launches motorcycles compliant with India’s BS6 stricter emission standard
Japanese oil transporter Kyoei Tanker opens Singapore unit to gain overseas clients

November 8

Electric gear maker Nitto Kogyo to build cabinet plant in Thailand Japanese refiner Idemitsu Kosan ramps up lubricant output in Indonesia by 80%
Philippine economic growth picks up to 6-quarter high of 6.2% y/y in July-Sept., driven by infrastructure spending, up from 5.5% previous quarter
Japanese hamburger chain operator Mos Food Services to enter Vietnam in 2020 in joint venture with V Lotus G-Factory to open Japanese eel rice bowl restaurant in Vietnam this month
Nippon Pillar Packing to set up mechanical seal-manufacturing unit in India
Japanese grain-milling machinery maker Satake teams up with China’s Jiangsu, Sichuan provinces to raise brand awareness of local rice

November 7

Nihon Unisys buys Singapore Axxis Consulting to expand IT solution system sales Toray opens resin compound plant in India to meet rising auto, electronics demand. JR East to open its 1st overseas hotel in Taipei in early 2021 Mitsubishi to shut Singapore oil trading unit after massive loss caused by rogue trader Sekisui Chemical launches rainwater storage system in flood-prone Indonesia Suzuki Motor, Toyota Tsusho set up vehicle recycle joint venture in India
Electric gear maker Nitto Kogyo to open cabinet plant in Thailand in late 2020

November 6

Daikin looks for startup African partners to drive appliance sales
Indonesia Q3 GDP growth down to 5.02% y/y from 5.05% in Q2 on weak exports, consumption
Thailand’s Central Group to invest 20 bil. baht in hotels, malls development abroad
China airlines’ weekly Japan passenger flights record 1,130, top S. Korea’s: Kyodo
Data center operator I-Net of Japan opens Singapore office to tap SE Asia market
Interior maker Toli upgrades Singapore office to branch to penetrate SE Asia market
Sumitomo-funded Indonesian Reka Cakrabuana Logistik launches parcel home delivery app
Konoike Transport, Philippines’ MacroAsia tie-up for airport ground operation staffing

November 5

Thailand offers incentives for investors in electric vehicle charging stations,electronics Japan consortium building bridge on East-West Corridor in Myanmar Aica Kogyo, DBJ to buy Wilsonart’s 4 Asia-Pacific units for $150 mil. Kyocera shifts automotive camera modules to Thailand from China to avoid U.S. higher tariffs
Toyota Motor breaks ground for its 1st Myanmar plant near Yangon
Onkyo eyes capital tie-up with Taiwan’s Inventec to make car speakers in China
Singapore-based U.S. EMS Flex ponders $500 mil. investment in India: report

November 1

Taiwan e-commerce firm PChome launches service to get goods from Japan New Thai-Myanmar bridge opens, expected to boost trade by 30% Trading house Mitsui to produce EV motors with Taiwan’s TECO in India
Hazama Ando-led JV to build bridge on Indochina East-West Corridor in Myanmar
Toshiba Energy Systems & Solutions, Chinese firm to develop fuel cell systems
H.K. third Q. GDP feared to dip 2.9% on unrests and U.S.-China trade row
H.K. central bank cuts key rate by 25 basis points to 2%

October 31

NTT group creates submarine cable unit in Singapore to meet data traffic demand Kyowa Exeo buys Singapore’s air conditioning work firm Winner Engineering Hankyu Hanshin Properties to launch townhouse venture in Indonesia DMG Mori ties up with India’s Lakshmi Machine Works to make machine tools Sodick begins food machinery sales in Shanghai with eye on noodle demand

October 30

Indonesia to stop nickel ore exports immediately Suburban Manila airport to open next month, a move to ease congestion at main terminal complex Trader Sumitomo joins in liquefied hydrogen transport project from Australia to Japan Yokohama Hakkeijima Sea Paradise theme park to open Xpark aquarium in Taiwan in 2020 Panasonic Taiwan sees energy saving home electronics demand, logs record 6-month sales Tokyu group sets up property management firms in Vietnam amid rising housing demand Fuji Medical Instruments to form capital tie-up with Taiwan partner Johnson Health Tech

October 29

Bridgestone open 1st mega tire plant in Asia outside Japan Tokyo, Chubu electric powers tap power distribution in Cambodia
H.K. financial secretary fears first negative growth in decade this year
Trading house Itochu ties up with Shenzhen Pandpower on EV battery recycling Hitachi Capital to set up property leasing unit in Indonesia Japanese retail giant Aeon Mall to open 5th store in Vietnam in late Nov. Japan’s Stanley Electric buys vehicular lighting firm Hella-Philippines

October 28

U.S. suspends Thailand’s $1.3 bil. trade preferences over worker rights issues
Japan’s Hankyu department store delays again opening in China’s Ningbo to late 2020 Hitachi Chemical to set up new Thai unit to integrate lead-acid car battery business Fujita Kanko to open Japan-style serviced apartment near Jakarta for business travelers Japan’s teamLab digital arts museum to debut overseas in Shanghai on Nov. 5
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