In Hong Kong, 35-year-old Matthew Tai has been shifting part of his family’s fortune, built by his father and uncles in real estate, into a string of digital startups.Tai says he’s invested in crowd-funding platform FundHive, a producer of ultra-thin LCD screens called Organo-Circuit and recruitment website Freeboh.

The startup sector has exploded globally with investors on the lookout for the next "Facebook". This has inspired technology entrepreneurs to create their own companies and sell their ideas to the world in hopes of being the next Mark Zuckerberg.

Stagnant spending and soft wage growth in Japan are forcing two of Asia’s biggest retailers – Fast Retailing and Seven & i Holdings – to court overseas consumers to drive long-term growth.Fast Retailing, operator of the Uniqlo chain, and convenience-store giant Seven & i will report earnings results Thursday amid a Japanese economy that’s still posing challenges even as it expands.

As Amazon.com pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago.Delivery delays also marred Amazon’s debut in July, when on-the-ground operations began with Prime Now two-hour deliveries.

Flag carrier Philippine Airlines said Friday it will pay the government six billion pesos (117 million dollars) after President Rodrigo Duterte threatened to cut off its access to Manila airport over alleged unpaid landing and other fees.Duterte had given the airline a Friday deadline to pay arrears."The (Department of Transportation) has accepted the offer of PAL to pay in full the six billion-peso claims of the (Civil Aviation Authority of the Philippines/Manila International Airport A

Culture plays an important role when it comes to business and communication in the Southeast Asian region.

The Malaysian Grand Prix is "200 percent" cancelled after this weekend's final race, the circuit's head told AFP, adding that the loss-making event had been hit hard by competition from neighbouring Singapore.The high-speed Sepang International Circuit, with its tough, tropical recipe of steamy heat and unpredictable rain will disappear from the Formula One calendar after 19 races dating back to 1999. And Asia's second-oldest race after Japan is not likely to return a

The Wall Street Journal, part of Rupert Murdoch’s News Corp., is closing down print editions in Europe and Asia as a result of shrinking advertising.The final print edition in Europe will be Friday, with the Asian edition ending a week later, the newspaper reported Thursday in an article, citing company officials.

Uber Technologies, facing a federal probe into whether it broke laws against overseas bribery, has embarked on a review of its Asia operations and notified US officials about payments made by staff in Indonesia, people with knowledge of the matter said.As the Justice Department looks into a possible criminal case, Uber is working with law firm O’Melveny & Myers to examine records of foreign payments and interview employees, raising questions about why some potentially problematic busi

South Korea’s biggest cosmetics maker is revamping its products to suit Muslims and darker-skinned women in Southeast Asia as it tries to make up business lost because of political tensions with China over a missile-defence system.Amorepacific is pushing harder into Indonesia, Singapore, Malaysia, Thailand and Vietnam with a lineup that takes into account skin tones, the region’s humidity and the need for Muslim women to wash their faces five times a day before prayers.