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  • AIIB

    Jakarta wants second board position after Beijing

    JAKARTA -- Indonesian Finance Minister Bambang Brodjonegoro has told the Nikkei Asian Review that his country wants the position of vice president on the board of the forthcoming Asian Infrastructure Investment Bank (AIIB) as China prepares to pin

    March 28, 2015 12:40 am JST
  • Falling demand

    Asia, Japan Inc.'s growth engine, slows

    TOKYO -- The boom times appear to be over, at least for now, for most Japanese manufacturers in Asia. The aggregate operating profit of 115 major Japanese companies that have been reporting region-by-region earnings on a continuing basis in the

    March 27, 2015 07:00 pm JST
  • Timah

    Indonesia's leading tin miner enters energy and property sectors

    JAKARTA -- Indonesian tin miner Timah is diversifying into electricity, property and hospitals as its core business suffers from the weakening market prices of crude tin. The company plans to spend 1.2 trillion rupiah ($100 million) this year to hel

    March 27, 2015 01:15 pm JST
  • Indonesian branchless banking starts

    128,000 agents to offer access by year-end

    JAKARTA -- Indonesia on Thursday officially launched a branchless banking program designed to serve the millions of citizens who lack regular accounts. Domestic lenders Bank Mandiri, Bank Rakyat Indonesia, Bank Central Asia and Bank Tabungan Pensiun

    March 27, 2015 12:45 pm JST
  • Distant relatives

    Indonesia's ethnic-Chinese companies create opening for China

    JAKARTA -- The ethnic-Chinese-led companies that play an outsize role in Indonesian business are also a force behind the country's economic shift toward China. Their fortunes rising on healthy domestic demand, these companies are seeking outlets

    March 27, 2015 05:13 am JST
  • Widodo's travels

    Indonesia, China get a little cozier

    BEIJING -- Chinese President Xi Jinping pledged greater investment in Indonesia's infrastructure in a meeting here Thursday with counterpart Joko Widodo. Widodo voiced support for China's proposed Asian infrastructure bank, saying Indonesia plan

    March 27, 2015 03:35 am JST
  • Retiring to Indonesia

    Jababeka building 100 'senior towns' targeting Japanese

    TOKYO -- Indonesian property developer Jababeka plans to construct 100 sprawling "senior towns" across the country, with a particular focus on retirees from Japan. The company will enlist the help of business partners such as Japan's Longlife Ho

    March 27, 2015 02:55 am JST
  • OECD opens Jakarta base

    Integration should unlock ASEAN's potential

    JAKARTA -- The Organization for Economic Cooperation and Development (OECD) opened an office in Indonesia on Wednesday, its first in a non-member country. The international body has 34 members, mostly from developed countries, and wants to stren

    March 26, 2015 02:05 am JST
  • Frederic Neumann: Infrastructure needed in emerging Asia

    Governments are understandably reluctant to splurge. Europe provides a powerful reminder that burgeoning public debt can lead to severe financial headaches over time. But being overly cautious on spending creates problems too. This is particular

    March 26, 2015 12:00 am JST
  • Wanted: the right kind of investors

    TOKYO -- Indonesian President Joko Widodo, on tour of Japan, has been busy touting his country as an export base in his classic style: up close and personal. He addressed 1,200 corporate leaders here March 24, explaining his plans to build up In

    March 26, 2015 12:00 am JST
  • Tokyo, Jakarta agree on maritime bonds, differ on China

    TOKYO -- The leaders of Japan and Indonesia agreed to cooperate to safeguard and realize the economic potential of Asia's seas. Meeting here March 23, Prime Minister Shinzo Abe and President Joko Widodo played up their countries' common bond as

    March 26, 2015 12:00 am JST
  • Indonesia wants investment, tourists -- and the AIIB headquarters

    BOGOR, Indonesia -- Southeast Asia's largest economy, Indonesia, is in flux. Under its new leader, Joko "Jokowi" Widodo, the country is becoming more focused on international trade and keeping a closer eye on its borders. The following are excer

    March 26, 2015 12:00 am JST
  • Trade top of the agenda, Widodo says

    BOGOR, Indonesia -- Indonesia will promote free-trade negotiations to help nurture export-oriented manufacturing, President Joko Widodo told the Nikkei in an interview March 21. He aims to reduce the country's large current account deficit. Free

    March 26, 2015 12:00 am JST
  • ASEAN accelerates regional banking integration

    KUALA LUMPUR -- Southeast Asian banks will be able to operate more freely across the region due to a landmark agreement on banking integration. The move will pave the way for greater access to loan facilities across ASEAN's 10 member states and prom

    March 26, 2015 12:00 am JST
  • Data analysis to support payment demands

    Indonesia plans new tax amnesty

    JAKARTA/HONG KONG -- Indonesia plans to offer a tax amnesty to support the government's bold goal of increasing tax revenues this year by 31% to finance costly infrastructure development. A previous amnesty program, which the government calls a

    March 25, 2015 07:20 pm JST
  • Widodo's trip to Japan and China

    Indonesian president stirs up rivalry to boost investment

    JAKARTA -- Indonesian President Joko Widodo is currently in the midst of a seven-day trip to Japan and China, his first trip outside of the Association of Southeast Asian Nations as head of state. At first glance, he seems to be giving special consi

    March 25, 2015 07:00 pm JST
  • Saratoga Investama Sedaya

    Indonesian investor eyes $100 million mining unit IPO

    JAKARTA -- Indonesian copper and gold miner Merdeka Serasi Jaya, a wholly owned subsidiary of local private equity company Saratoga Investama Sedaya, plans to raise up to $100 million in an initial public offering in the second half of 2015. Local s

    March 25, 2015 10:15 am JST
  • Jokowi in Japan

    Indonesian leader pushes for right kind of investment

    TOKYO -- Indonesian President Joko Widodo, on tour of Japan, has been busy touting his country as an export base in classic Jokowi style: up close and personal. He addressed 1,200 corporate leaders here Tuesday, explaining his plans to build up

    March 25, 2015 03:45 am JST
  • 4G hits Indonesia

    Mobile carriers add e-commerce as coverage costs rise

    JAKARTA -- The growing popularity of smartphones presents Indonesian mobile phone service companies a challenge in keeping up with the heavy capital investment needed to expand coverage, as well as an opportunity to claim dibs on the emerging e-comm

    March 25, 2015 01:17 am JST
  • Indonesia's lenders

    Jakarta eyes state-owned megabank by year-end

    JAKARTA -- The Indonesian government aims to create at least one megabank capable of competing on the regional or even global level ahead of the Association of Southeast Asian Nations' economic integration, slated for the end of 2015. Minister o

    March 24, 2015 05:20 pm JST