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  • Hoverboards taking off in Indonesia

    JAKARTA -- Hoverboards are becoming all the rage among children in Indonesia. Unlike in the West where the vehicle -- essentially a sideways skateboard equipped with a motor -- is popular among adults using it for leisure activities, hoverboards her

    April 30, 2017 11:00 am JST
  • Indofood logs 11% profit rise in Q1

    JAKARTA -- Indofood Sukses Makmur, Indonesia's largest food company, said on Friday net profit for the January-March quarter rose 11% year-on-year to 1.2 trillion rupiah ($90 million) thanks to better palm oil sales.Revenue grew 8% to 17.83 trillion

    April 28, 2017 01:48 pm JST
  • Green cars make their way to Indonesian auto show

    JAKARTA -- Japanese and South Korean automakers are pushing eco-friendly models at an auto show that kicked off here Thursday amid Indonesia's growing interest in fuel-saving technologies.Toyota Motor is displaying hybrid versions of the Camry and t

    April 28, 2017 06:30 am JST
  • Astro boosting regional content through media partnerships

    KUALA LUMPUR -- Astro Malaysia Holdings, the country's largest pay-TV operator, is increasing partnerships with regional production houses to improve content standards and market presence.Astro, which reaches over 70% of Malaysian households with te

    April 27, 2017 12:40 am JST
  • Asian stocks rise as French election relief boosts risk appetite

    HONG KONG (Nikkei Markets) -- Asian shares edged higher on Monday as risk appetite improved after pro-European Union candidate Emmanuel Macron won the first round of French elections.The Nikkei Asia300 index was up 0.1% at 1,164.65 after rising as m

    April 24, 2017 01:40 pm JST
  • CP Indonesia lands local 7-Eleven operator for $75m

    JAKARTA -- Charoen Pokphand Indonesia, an affiliate of Thai conglomerate Charoen Pokphand Group, has struck a 1 trillion rupiah ($75 million) deal to acquire the operator of 7-Eleven convenience stores in Indonesia, aiming to shore up the struggling

    April 21, 2017 10:38 pm JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some prob

    April 21, 2017 12:00 pm JST
  • Indonesia's Astra International Q1 net profit up 63% on year

    JAKARTA -- Astra International, Indonesia's largest publicly listed conglomerate, on Thursday said its net profit jumped 63% on the year to 5.08 trillion rupiah ($381 million) in the first three months of 2017, thanks to strong car sales and a recov

    April 20, 2017 03:37 pm JST
  • Asian startups step out of Silicon Valley's shadow

    TOKYO/JAKARTA -- Nur Dwi Sasi's daily commute to her workplace in South Jakarta used to be a daunting task. The 47-year-old office worker had to walk in the scorching heat to catch a jam-packed minibus before changing to another, equally crowded bus

    April 20, 2017 12:00 pm JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some problem

    April 20, 2017 10:00 am JST
  • Asian startups step out of Silicon Valley's shadow

    TOKYO/JAKARTA Nur Dwi Sasi's daily commute to her workplace in South Jakarta used to be a daunting task. The 47-year-old office worker had to walk in the scorching heat to catch a jam-packed minibus before changing to another, equally crowded bus. T

    April 20, 2017 10:00 am JST
  • Southeast Asia shrugs off the 1997 financial crisis

    TOKYO The 1997 financial crisis that slammed Asia took its toll on Southeast Asian nations. Since weathering the storm, they now appear in good shape as regards development. But work remains to be done.That's the prognosis from a prominent group of

    April 20, 2017 10:00 am JST
  • Cherry blossoms lure Southeast Asians to Japan

    JAKARTA -- With Chinese tourists' shopping spree losing steam, Southeast Asian visitors are starting to take up the slack and provide new business opportunities for Japan's tourism industry.Southeast Asian tourists seem to come to Japan in spring, w

    April 15, 2017 11:00 pm JST
  • ASEAN and Japan aim to foster startups in Southeast Asia

    TOKYO Venture capital investment is booming in Southeast Asia, boding well for the region's startups. And there is greater scope for collaboration between businesses in the region and in Japan to make innovation happen.That was the message at the AS

    April 13, 2017 10:00 am JST
  • Price spikes feared as Asia's aging oil fields dry up

    SINGAPORE A global focus on rising oil output in the U.S. has overshadowed an important trend elsewhere in the market. Falling oil production in Asia is forecast to accelerate as major fields dry up, which will stiffen demand for foreign barrels and

    April 13, 2017 10:00 am JST
  • South Korea's export recovery is on thin ice

    HONG KONG Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at hom

    April 13, 2017 10:00 am JST
  • Alipay operator Ant Financial enters Indonesian market

    JAKARTA -- Ant Financial Services, the payments affiliate of Chinese internet giant Alibaba Group Holding, announced Wednesday a push into Indonesia by establishing a joint venture with local media conglomerate Elang Mahkota Teknologi.The joint vent

    April 13, 2017 12:10 am JST
  • Garuda Indonesia replaces CEO after graft scandal, profit plunge

    JAKARTA -- The Indonesian government on Wednesday announced the appointment of a new chief executive at Garuda Indonesia after a global graft scandal and plunging profits shook the flag carrier.Pahala Mansury, currently a director at Bank Mandiri, I

    April 12, 2017 11:30 pm JST
  • South Korea's export recovery is on thin ice

    HONG KONG -- Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at

    April 12, 2017 06:30 pm JST
  • Malaysia's March palm oil output surges to weigh on prices

    KUALA LUMPUR (Nikkei Markets) -- Malaysia's palm oil output surged in March, outpacing a robust export demand and lifting inventory for the first time this year, which cloud prospects of sharp gains in price of the commodity that is widely used in i

    April 10, 2017 08:48 pm JST