Times Publishing immerses itself in the written word. The firm is involved in such activities as book and magazine publishing and distribution, retailing, commercial printing, and educational services. Its publications include Cargonews Asia, a trade paper for the freight industry; travel guide series CultureShock!; and textbook line My Pals are Here. The company's Times and Pacific Bookstore chains are located throughout Indonesia, Macau, Malaysia, and Singapore. Times Publishing operates about 40 subsidiaries and four associated firms, as well as 20 international offices in the Asia/Pacific region, the US, and the UK. It was founded in 1968 and is owned by food and beverage conglomerate Fraser and Neave.