Canada-Asia News Service

A daily summary of Canada-Asia business and government news including top headlines from the region. Following a story? Search the archives.

Uniqlo to Open First Canadian Store in Toronto

Uniqlo, a Tokyo, Japan-based fashion company, has announced it will open its first Canadian store at Yorkdale Shopping Centre in Toronto in 2016. Uniqlo, a wholly-owned subsidiary of Fast Retailing Co., Ltd., has over 1400 stores in 16 markets in the Asia-Pacific region, Europe and North America.

Information summarized from:  CNW Group

National Bank of Canada Increases Investment in Cambodia’s ABA Bank

National Bank of Canada (NBC) has increased its investment in Cambodia-based Advanced Bank of Asia Ltd. (ABA Bank), purchasing an additional 9.99% of the company’s shares. The investment brings NBC’s holdings of ABA bank to 42%. National Bank of Canada is a financial group based in Montreal. ABA Bank is a financial services company headquartered in Phnom Penh, Cambodia.

Information summarized from:  ABA Bank Press Release, The Phnom Penh Post

Scholarship Opens for Canadian Undergraduates to Study in Japan

The government of Japan has launched its scholarship for Canadian undergraduate students interested in Japanese studies to spend the 2015-2016 academic year at a Japanese university. To apply for the one year scholarship, students must be between 18 and 30 years of age and have a very good understanding of Japanese. For more information, click here.

Information summarized from:  Embassy of Japan in Canada, Government of Canada

Brookfield Acquires Property Management Joint Venture in Australia, Canada for US$200 Million

Brookfield Asset Management Inc. (Brookfield) announced it has reached an agreement to acquire the remaining 50% of its Canadian and Australian facilities management businesses from its joint venture partner Johnson Controls Inc. for approximately US$200 million. Brookfield Asset Management is an asset management company based in Toronto. Johnson Controls is a multinational conglomerate based in Milwaukee, Wisconsin. Brookfield Johnson controls was their property management joint venture.

Information summarized from:  Brookfield Asset Management Inc. Press Release

Northwest Territories Complete Trade Mission to China, Japan

Northwest Territories Premier Bob McLeod and Minister of Industry, Tourism and Investment David Ramsay are concluding their trade and investment mission to China and Japan. The mission promoted natural resources, tourism and immigration.

Information summarized from:  Government of the Northwest Territories