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  • Volcanic eruptions from 2011 quake still possible

    TOKYO -- Could the magnitude-9 earthquake that struck off Japan's northeast coast on March 11, 2011, still trigger volcanic eruptions? A panel advising the Japan Meteorological Agency says yes. "We still cannot rule out the possibility of volcan

    April 17, 2014 12:00 am JST
  • Fast-growing Asian companies set to take on world

    IHH Healthcare, Jollibee Foods, VGI Global Media -- these companies are not exactly household names in most countries. And they are dwarfed by their Western counterparts, say, Hospital Corporation of America, McDonald's or Publicis Omnicom Group. Bu

    April 17, 2014 12:00 am JST
  • Emerging markets grow their own corporate giants

    To find the business giants of the future, The Nikkei Veritas has created a list of companies with high return on equity in emerging countries, as well as some that satisfy certain requirements, including high return on sales. VGI Global Media is

    April 17, 2014 12:00 am JST
  • Emerging-economy investors banking on reform

    As investors seek to identify emerging-market countries that are both politically stable and economically promising, a clear dividing line can be drawn between those that have good prospects for reform and those that do not. In Indonesia, Jakart

    April 17, 2014 12:00 am JST
  • Quest for oil takes Pertamina far beyond Indonesia

    JAKARTA -- Indonesia is Southeast Asia's biggest oil producer, but production has not kept pace with economic growth. Pertamina, a state-run petroleum company, is aiming to improve the supply-demand balance by securing more overseas drilling rights.

    April 17, 2014 12:00 am JST
  • Indonesia poll upset triggers fresh jockeying

    SOLO, Indonesia -- To the surprise of many observers, Indonesia's main opposition party won only half the votes it had expected in the country's April 9 legislative elections. A setback for "Indonesia's Obama," front-runner Joko Widodo, the result i

    April 17, 2014 12:00 am JST
  • Indian Ocean nations eye stronger 'blue economy'

    TOKYO -- Attempts to foster economic cooperation are gathering momentum among Indian Ocean nations. The Indian Ocean Rim Association is an organization made up of 20 countries with a combined population of over 2 billion people. It covers a vast

    April 17, 2014 12:00 am JST
  • Japan's factory staffing firms speed up operations in Asia

    TOKYO -- Japanese manufacturing staffing firms are boosting their supply of local staff in the rest of Asia to Japanese factories operating there as corporate Japan expands overseas production. Major Japanese manufacturing contractor Outsourcing

    April 16, 2014 03:00 pm JST
  • Indonesia's Astra Otoparts gets acquisitive

    JAKARTA -- Indonesia's biggest autoparts manufacturer is ready to do some shopping. Astra Otoparts plans to seek growth this year through mergers and acquisitions, according to Hamdani Dzulkarnaen Salim, the company's president director. "We ar

    April 16, 2014 10:25 am JST
  • 'Fragile Five' currencies rally on waning US interest rate fears

    TOKYO -- Emerging-market currencies are rebounding as concerns subside regarding U.S. monetary tightening in the near term. Currencies of the so-called Fragile Five nations -- Turkey, South Africa, India, Brazil and Indonesia, had fallen prey to

    April 16, 2014 03:23 am JST
  • Pasona to assist Japanese companies entering Indonesia

    JAKARTA -- Pasona Group is launching a business that supports Japanese corporations moving into Indonesia, such as aiding in leasing office space, hiring personnel and acquiring permits and licenses. On Wednesday, the Japanese temporary staffing

    April 16, 2014 03:04 am JST
  • Newer Asean members' revenues pinched by free trade zone

    HANOI -- Less-developed members of Asean are struggling to replace tax revenues being lost as they move to reduce tariffs in line with the Southeast Asian bloc's plans for regional economic integration. To promote free trade across the region, m

    April 16, 2014 02:10 am JST
  • Indonesia poll upset triggers fresh jockeying

    SOLO, Indonesia -- To the surprise of many observers, Indonesia's main opposition party won only half the votes it had expected in the country's April 9 legislative elections. A setback for "Indonesia's Obama," front-runner Joko Widodo, the result i

    April 15, 2014 07:40 pm JST
  • 'Tonkotsu' ramen bowling over Asia

    TOKYO -- Japanese ramen has a lot of fans throughout Asia, but one variety of this noodle dish -- tonkotsu style -- is proving especially popular, especially among the region's Chinese populace. Tonkotsu, which literally means "pork bones," ref

    April 15, 2014 07:00 pm JST
  • Stephen Grenville: IMF ignores its own data on emerging economies

    Christine Lagarde, managing director of the International Monetary Fund, told the Group of 20 summit in St. Petersburg last September: "Just as some advanced economies have begun to gather momentum, many emerging markets are slowing." With this warn

    April 15, 2014 01:00 pm JST
  • Indonesian stocks struggle on opposition's election setback

    SINGAPORE -- Indonesian shares are top heavy following news that the country's largest opposition party did not perform as well as expected in the recent snap election. The Jakarta Composite Index fell 3.16% on Thursday, and Indonesian stocks squeez

    April 15, 2014 01:00 pm JST
  • Frederic Neumann: The big worry for Asia

    It's been quite a ride for Asia over the past year. A nice rally in the first few months of 2013, then a relentless sell-off as investors threw their "taper tantrum," and subsequently another solid market recovery. The question remains, however:

    April 15, 2014 01:00 pm JST
  • Indonesia's Astra banks on finance unit to buoy car sales

    JAKARTA -- Astra International, Indonesia's biggest publicly traded company by market capitalization, has formed an alliance between its banking and car financing units in an effort to expand its customer base. Bank Permata, a local bank owned

    April 15, 2014 08:00 am JST
  • Malaysian palm oil producer to raise output in Liberia

    KUALA LUMPUR -- Plantation major Kuala Lumpur Kepong will pump as much as $35.5 million into its Liberian subsidiary to boost palm oil production, amid a dearth of arable land in Malaysia and Indonesia. The investment will be made through the co

    April 15, 2014 12:35 am JST
  • Indonesia taps Mecca pilgrimage fund for public projects

    JAKARTA -- Deposits provided by millions of Muslims waiting to make the pilgrimage to Saudi Arabia are now funding state projects in Indonesia. This new source of public investment has provided the government with 10 trillion rupiah ($876 million) s

    April 14, 2014 07:00 pm JST