Nippon Express will tap Tramo's luxury furniture distribution networks to serve high-end apparel companies as they expand their businesses. (Photo by Kento Igami)
Business deals

Nippon Express to buy European shipper Tramo for international edge

Japanese company seeks expertise in furniture logistics to serve upscale clients

22 August 2023
Tourists at the Wat Phra Kaew temple in Bangkok on Aug. 7: Thailand's GDP growth slowed to 1.8% in the second quarter despite recovery in the tourism sector. (Photo by Ken Kobayashi)
Economy

Thailand Q2 GDP growth slows to 1.8% despite tourism recovery

Annual outlook lowered to 2.5-3.0% as weak exports weigh on economy

21 August 2023
ANA will use an increase in large freighters to strengthen transport to Europe and the U.S. (Courtesy of ANA)
Transportation

Japan's airlines eye catering to semiconductor, e-commerce shipments

Carriers ANA and JAL set to introduce cargo jets, expect market growth

21 August 2023
Hong Kong's flagship carrier Cathay Pacific Airways is enjoying a sharp improvement in earnings. (Photo by Konosuke Urata)
Transportation

Cathay Pacific on recovery track but Chinese rivals loom

Hong Kong's flagship carrier fights to maintain global hub model

21 August 2023
Running late: Indonesia has been working on the Jakarta Bandung High Speed Rail line since 2016. (Photo courtesy of Kereta Cepat Indonesia China)
Transportation

Indonesia set to open Southeast Asia's 1st high-speed rail in October

Jokowi eager to tout China-backed project after delays and cost overruns

16 August 2023
GoTo was formed in May 2021 by the merger of ride-hailing and food delivery company Gojek and local e-commerce major Tokopedia.
Technology

Indonesia's GoTo first-half net loss narrows to $470m

Superapp and e-commerce platform makes further gains toward profitability

15 August 2023
Honda Motor is integrating the HondaJet private aircraft with its mobility services. (Photo by Koji Uema)
Transportation

HondaJet to fly wealthy tourists to less-traveled Japan

Honda's service with travel company can redirect foreigners' spending to rural areas

15 August 2023
Accounting firm Deloitte says it was hamstrung by the lack of of an external examination by Adani Group's ports business into alegations of financial irregularities.
Adani Group

Deloitte quits as auditor of Adani Group's ports business

Accounting firm cites company's lack of independent probe into Hindenburg claims

14 August 2023
The company plans to use the new payment service to encourage railway use by linking users' ride and purchase history. (Photo by Shogo Furuta)
Finance

JR West becomes 1st Japan train operator to enter payment app fray

Company eyes growth outside railway operations amid ridership decline

12 August 2023
Thai Airways' earnings are up on increased demand for routes to East Asia, including China and Japan.
Transportation

Thai Airways returns to net profit on travel rebound

Flights to China and other key markets propel embattled carrier in April-June

12 August 2023
China's Wuling Motors manufactures in Indonesia, where it dominates the still small electric vehicle market. (Photo by Nana Shibata) 
Automobiles

Chinese, South Korean EV makers push on in Indonesia

Japan still dominates overall market with gasoline, hybrid models

10 August 2023
Hong Kong's Cathay Pacific Airways reported a sharp recovery for the first half of 2023, thanks to a robust growth in passenger revenue. (Photo by Ken Kobayashi)
Transportation

Cathay labor crunch 'won't go away' despite sharp turnaround: CEO

Carrier aims to buy back all preference shares from government within a year

9 August 2023
Onboard food orders will be limited to bullet train passengers on first-class "green" cars, with orders placed using a QR code brought by a cabin crew member. (Photo courtesy of Central Japan Railway)
Transportation

Tokyo-Osaka bullet train to end food cart sales in October

Onboard meal service scaled back as more passengers make purchases in stations

9 August 2023
Kyushu Railway in southern Japan has started rolling out credit card fare payments on a limited basis. (Photo courtesy of Kyushu Railway)
Transportation

Japan's train stations usher in tap-to-pay gates for credit cards

Tokyo Metro and Tokyu set to roll out service, easing payment hassle for tourists

8 August 2023
Raditya Wibowo, left, and Arief Fadillah co-founded Maka Motors in 2021. Wibowo says the electric motorcycle company aims to be profitable by 2030. (Photo courtesy of Maka Motors)
Companies

Indonesia's Maka Motors to manufacture electric motorbikes in 2024

Local company aims to crack market controlled by Chinese players

4 August 2023
VinFast's plant in Vietnam's Haiphong is 90% automated, according to the company's CEO. (Photo by Yuji Nitta)
Automobiles

Vietnam Vingroup's ambition to take on Tesla hits bumpy road

VinFast struggles to generate profit amid heavy upfront investment

3 August 2023
China has the world's largest network of navigable inland waterways, measuring around 128,000 kilometers. (China Daily via Reuters)
Caixin

China pushes electric future for inland shipping

Nation to rely on strong battery supply chains and EV experience

3 August 2023
A bus refuels at a hydrogen station in Tokyo: Japan needs a range of energy solutions to achieve its emissions goals. (Photo by Yuki Kohara)
Opinion

Japan cannot count just on EVs to clean up its transport emissions

Other solutions will be more suitable for commercial vehicles

3 August 2023
ANA plans for carbon dioxide removal to account for 10% of its reduction in emissions by fiscal 2050, and sustainable aviation fuel 70%. (Photo by Konosuke Urata)
Transportation

Japan's ANA to offset some emissions through direct air capture

Airline will buy carbon credits from company employing the new technology

1 August 2023
Indonesian President Joko Widodo, left, talks with Tesla founder Elon Musk in Texas in 2022: Jakarta has been on a drive to attract carmakers to build EVs in the country. (Handout via Reuters)
Opinion

Tesla's move into Malaysia should be a wake-up call for Indonesia

If Jakarta does not show enough flexibility, rivals will win away investments

1 August 2023
SK Finance, a vehicle and small business financier, caters to clients primarily in the northwestern part of India. (Source photo by Getty and logo from SK Finance's website)
DealStreetAsia

India's SK Finance in talks to raise $122m in funding

Non-banking financial company said to be in 'advanced stage' of discussions

28 July 2023
GoTo CEO Patrick Walujo, right, says the company hopes the "GoPay app will pave the way for users to also become Gojek and Tokopedia customers." (Photo by Nana Shibata)
Technology

Indonesia's GoTo extends e-wallet app to country's 'unbanked'

Superapp and e-commerce company competing with rivals such as Ovo

26 July 2023
A Honda electric motorcycle is used by a Thai company in a trial. (Photo courtesy of Honda)
Transportation

Honda looks to kick-start e-motorbike sales in Southeast Asia

With Indonesian debut near, motorcycle giant going electric in promising region

26 July 2023
American and Delta aircraft at Reagan National Airport in the U.S. state of Virginia. U.S. carriers continue to log record revenues underpinned by strong international travel demand.
Transportation

Asia-Pacific makes biggest gains in U.S. airlines' second quarter

Despite sluggish U.S.-China travel, region shows promise in keeping up record revenues

21 July 2023
U.S. Treasury Secretary Janet Yellen checks out an electric scooter from Vietnamese startup Selex Motors with co-founder Nguyen Nguyen at a factory on the edge of Hanoi. (Photo by Lien Hoang)
Supply Chain

Yellen's trip underlines rise of Vietnam as China factory hedge

U.S. Treasury chief also backs $15bn JETP climate aid for Southeast Asian nation

20 July 2023