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Bank of Tokyo-Mitsubishi UFJ opens Islamic finance business in Dubai

BY Reuters |

Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU) has launched its Islamic finance business in Dubai, to focus on sharia-compliant loan syndications with later plans to offer project financing, a bank official said.
India eyes bankruptcy reform to ease decades of gridlock

BY Reuters |

A group of government-appointed advisors has recommended sweeping changes to India's outdated and overburdened bankruptcy system, aiming to modernize a process that takes several years and costs investors and taxpayers billions.
Suu Kyi looks set to win Myanmar election, but problems loom

BY Reuters |

When Aung San Suu Kyi's candidate emerges at a campaign rally in southern Myanmar, the crowd bursts into cheers and showers him with flowers, confident that the opposition will prevail this weekend after decades of struggle against military rulers.
Mini-marts boom as Vietnam’s shoppers shift

BY Reuters |

Vietnam is seeing a mini-boom in mini-marts, with local and foreign players beefing up their presence as shoppers eye easy buys while a robust economy increases spending power.
As election nears, investors reassess the Philippines after Aquino

BY Reuters |

The Philippines' election is still six months away, but already investors are seeking reassurance that whoever replaces outgoing President Benigno Aquino will honour his clean and competent style of government.
Japanese companies remain more keen to invest in ASEAN than China

BY Reuters |

Japanese companies have shown a big and varied appetite for Southeast Asia this year, buying control of Myanmar's dominant beer maker, a Singapore logistics company and part of a major commodities firm based in the region.
DBS hires banks for sterling covered bond debut

BY Reuters |

DBS Bank has mandated Barclays, DBS Bank, Deutsche Bank and Societe Generale CIB to arrange a series of fixed income investor meetings from Friday for a sterling covered bond.
Samsung Group sells chemical assets to Lotte Group for $2.6 billion

BY Reuters |

Samsung Group will sell its chemicals businesses to Lotte Group for about 3 trillion won ($2.6 billion), the latest move in efforts to simplify its ownership structure ahead of a transfer of power from its elderly chief to his heirs.
Australia's NAB reveals UK exit plans as profit misses expectations

BY Reuters |

National Australia Bank said it plans to sell its British operations by early 2016, two months later than expected, revealing for the first time how it intends to exit a business that has frustrated shareholders for years.
Wirecard buys Great Indian Retail Group payments business

BY Reuters |

German payments company Wirecard has agreed to buy the payments business of Great Indian Retail Group, a major southeast Asian electronic payment and e-commerce business.