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  • Nikkei Asia300 Index little changed as Trump caution weighs

    HONG KONG (NewsRise) -- Asian stocks were little changed Thursday despite a rebound on Wall Street as markets remained cautious about U.S. President Donald Trump's ability to pass major economic reforms.The Nikkei Asia300 Index was 0.01% higher at 1

    March 23, 2017 09:52 pm JST
  • Indonesian bourse launches startup incubator

    JAKARTA -- The Indonesia Stock Exchange on Thursday launched a startup incubator that is already trying to point young companies toward initial public offerings.To get the ball rolling, the incubator is giving 24 startups shared working space in Jak

    March 23, 2017 04:45 pm JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 12:00 pm JST
  • Company in focus: Sime Darby bets its kingdom is better off in pieces

    KUALA LUMPUR Sime Darby, the world's largest plantation operator and palm oil producer, has hatched a plan to split into three separate listed entities. For starters, the Malaysian state-owned company sees this as a way to promote growth. It also wa

    March 23, 2017 10:00 am JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 10:00 am JST
  • The king gives Saudi Arabia's reform push a helping hand

    TOKYO In his monthlong tour of Asia, Saudi Arabian King Salman bin Abdulaziz succeeded in drumming up significant support for "Vision 2030," the road map for reforming the kingdom's economy and ending its dependence on oil exports by the year 2030.

    March 23, 2017 10:00 am JST
  • Malaysia gets Alibaba on board to promote e-commerce

    KUALA LUMPUR -- Malaysia has enlisted Alibaba Group Holding in its effort to double e-commerce growth by 2020 to ensure it makes a fuller contribution to economic development.With deals signed on Wednesday, China's Alibaba, the world's largest onlin

    March 23, 2017 12:08 am JST
  • Garuda Indonesia keeps expanding despite 89% profit slide

    JAKARTA -- Indonesian flag carrier Garuda Indonesia will continue expanding despite a lackluster performance last year during which profit dropped by 89%, President Arif Wibowo said on Wednesday.Garuda posted $8.1 million in net income in 2016, from

    March 23, 2017 12:00 am JST
  • The king gives Saudi Arabia's reform push a helping hand

    TOKYO -- In his monthlong tour of Asia, Saudi Arabian King Salman bin Abdulaziz succeeded in drumming up significant support for "Vision 2030," the road map for reforming the kingdom's economy and ending its dependence on oil exports by the year 203

    March 22, 2017 07:20 pm JST
  • Indonesia's Siloam plans to double number of hospitals

    JAKARTA -- Indonesia's Siloam International Hospitals aims to double the number of its hospitals to 50 by 2019.The country's largest hospital operator expects to expand into remote areas, including the island of New Guinea, now that a universal heal

    March 21, 2017 12:00 pm JST
  • Company in focus

    Malaysia's Sime Darby splits up palm oil kingdom to raise equity value

    KUALA LUMPUR -- Sime Darby, the world's largest plantation and palm oil producer, plans to split into three separate listed entities to promote future growth. The listing of plantation division, the core business of the Malaysian state-owned conglom

    March 18, 2017 03:00 pm JST
  • Indonesian stocks hit record high

    JAKARTA -- Indonesia's benchmark stock index on Friday closed at an all-time high for the first time in nearly two years, driven by a return in foreign investor appetite, as uncertainty about fiscal and monetary policies in the U.S. fades.The Jakart

    March 17, 2017 09:52 pm JST
  • Power struggle at Pertamina bodes ill for Widodo's reforms

    JAKARTA -- Indonesia's Pertamina has picked an industry insider as its new chief despite President Joko Widodo's push for an outside appointee, raising doubts about the effectiveness of his campaign to reform the country's state-run enterprises and

    March 17, 2017 03:40 am JST
  • Asia braces for an energy M&A bonanza

    DENPASAR, Indonesia Merger and acquisition activity in Asia's energy sector will accelerate this year as crude oil prices stabilize and major Western oil producers seek to divest assets in the region, analysts say.Royal Dutch Shell announced plans i

    March 16, 2017 10:00 am JST
  • Lazada Indonesia aligns business model with Alibaba

    JAKARTA -- The Indonesian unit of Lazada said it plans to focus on adding small merchants to its online marketplace, emulating the strategy of Alibaba Group Holding, the Chinese e-commerce company that acquired it last year.Florian Holm, Lazada Indo

    March 16, 2017 12:05 am JST
  • Bank Rakyat Indonesia brings in Telkom exec to foster fintech

    JAKARTA -- Bank Rakyat Indonesia on Wednesday appointed an executive with the country's largest telecommunications company to its board, in a move that reflects intensifying competition in financial technology.The state lender's shareholders approve

    March 15, 2017 11:30 pm JST
  • ASEAN businesses want clarity from Trump on trade

    KUALA LUMPUR -- Business groups in Southeast Asia are advocating the continuation of open trade policies, just as U.S. President Donald Trump looks to advance his protectionist agenda. More than anything, perhaps, companies across the Association of

    March 14, 2017 09:40 pm JST
  • Mitsui aims for a slice of Southeast Asia's retail market

    SINGAPORE -- Japanese trading house Mitsui & Co. looks to tap into Southeast Asia's booming retail market using information and communications technology, President and CEO Tatsuo Yasunaga told the Nikkei Asian Review in a recent interview here.Yasu

    March 14, 2017 01:45 am JST
  • Bank Central Asia outpaces rivals with 14% profit surge

    JAKARTA -- Bank Central Asia on Monday said its net profit for 2016 rose 14% on the year, outperforming a generally lackluster Indonesian banking sector.The country's largest private lender logged a profit of 20.6 trillion rupiah ($1.54 billion). Lo

    March 13, 2017 11:57 pm JST
  • Private hospitals target Southeast Asia's middle class

    TOKYO -- For middle-class Southeast Asians, medical care has meant choosing between costly high-grade private hospitals or cheap but ineffective public ones. Now a middle ground has formed.Private health care institutions popping up throughout emerg

    March 12, 2017 01:47 am JST