Sumitomo Life Insurance Co., Japan’s fourth-biggest life insurer, agreed to buy a stake in PT Bank Negara Indonesia’s life insurance unit for about 36.2 billion yen ($354 million) as it expands abroad.
Myanmar plans to more than double rice shipments as the country that used to be the largest exporter embraces trade and opens its economy, challenging Thailand, Vietnam and Cambodia for sales amid a global glut.
VietJet Aviation Joint Stock Co., Vietnam’s only privately owned airline, aims to double its domestic market share to 50 percent in three years, tapping rising demand for flights in the country of 90 million people.
Paradise Entertainment Ltd., the supplier of gambling equipment in Macau, forecast a rise of at least 35 percent in sales next year and said it aims to expand overseas to sell its electronic table games outside the city.
Three decades after it started doing business with suppliers in Bangladesh, Hennes & Mauritz AB is seeking greater control of production in a nation where it is among the largest purchasers of clothing.
Thailand’s biggest bout of political unrest under the current government has increased economic risks, threatening to crimp a rebound from recession as protests damp local consumption and investment while weakening the currency.
As hundreds of thousands of Filipinos struggled to find food, water, shelter and the bodies of loved ones in the wake of Typhoon Haiyan, China quickly dipped into its world-leading $3.7 trillion of currency reserves and came up with … all of $100,000.
The Philippines, ravaged by the deadly Super Typhoon Haiyan and a 7.2-magnitude earthquake in the past month, needs to race to rebuild beach resorts and infrastructure to bring back much-needed tourism spending.