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  • Indonesian developer building smart city to accommodate startups

    JAKARTA -- Property developer Bumi Serpong Damai is trying to create a Silicon Valley of Indonesia on the outskirts of the capital, luring local startups and tech companies with high-speed internet and other integrated digital services.BSD, a proper

    April 29, 2016 12:50 am JST
  • Astra International slips on weak equipment, auto sales

    SINGAPORE -- Astra International shares have slid for three days straight on the Indonesian market under the weight of sluggish vehicle and machinery sales in the January-March quarter.The Indonesian conglomerate shed 1.47% Thursday to close at 6,72

    April 28, 2016 11:45 pm JST
  • Joko Widodo returns from European tour with $20 billion haul

    JAKARTA Even presidents who want something done right have to do it themselves. Indonesia's Joko Widodo has long had to navigate his country's infamously circuitous -- and often corrupt -- bureaucracy, which is known to cause delays and even c

    April 28, 2016 12:00 pm JST
  • Indonesia's Bank Mandiri seeks big data 'revolution'

    JAKARTA -- Indonesia's Bank Mandiri is joining the growing number of Southeast Asian banks tapping into big data, with its president saying the technology will "revolutionize" the customer experience and the way it channels its loans. Kartika Wir

    April 28, 2016 01:07 am JST
  • Convergence plants seeds around Indonesia

    JAKARTA -- The recent $1 billion acquisition by China's Alibaba of Lazada, Southeast Asia's biggest e-commerce group, has focused international investors' attention on Indonesia as the region's most promising market. Although Singapore-based Laz

    April 27, 2016 07:00 pm JST
  • Widodo in 'host mode' affirms Jakarta's ASEAN commitment

    JAKARTA -- Indonesian President Joko Widodo was in a jovial mood on April 26 as he greeted a group of senior editors from Association of Southeast Asian Nations countries at his presidential palace and ushered them in to lunch. The buffet "worki

    April 27, 2016 03:00 pm JST
  • Japanese oil majors boost gasoline, diesel exports

    TOKYO -- Japanese oil companies are increasing exports of petroleum products to Asia, hoping to offset sluggish domestic demand by cultivating customers in countries such as Singapore where demand is growing. Idemitsu Kosan exported 400,000 kilo

    April 27, 2016 03:20 am JST
  • Malaysian market wrap

    Shares plunge, ringgit slides on 1MDB default

    KUALA LUMPUR (NewsRise) -- Malaysian shares ringgit chalked their worst single-day percentage loss in over three months Tuesday and the ringgit slipped, as a default by state investment fund 1Malaysia Development on its interest payment further sour

    April 26, 2016 07:37 pm JST
  • Indonesian minister named in Panama Papers denies link

    JAKARTA -- The name of a top Indonesian minister appeared in leaked documents detailing the use of offshore tax havens by the wealthy, a local newspaper reported Monday. Luhut Binsar Panjaitan, coordinating minister for politics, law and securit

    April 26, 2016 12:00 am JST
  • Commentary

    Kavi Chongkittavorn: New Lao leader in ASEAN driving seat

    The emergence of Thongloun Sisoulith as the new leader of the People's Democratic Republic of Laos augurs well for the country's chairmanship of the 10-country Association of Southeast Asian Nations this year. Thongloun, who was elected prime mi

    April 25, 2016 07:00 pm JST
  • Southeast Asia's growing middle class is sweet smell to fragrance industry

    TOKYO -- When the world's fragrance makers sniff out Southeast Asia, what they smell is growth. The burgeoning middle class with its purchasing power is creating new demand for fragrances, not only for foods, but also for detergents and other daily

    April 24, 2016 07:00 am JST
  • Widodo brings back $20bn worth of business from Europe

    JAKARTA -- Even presidents who want something done right have to do it themselves. Indonesia's Joko Widodo has long had to navigate his country's infamously circuitous -- and often corrupt -- bureaucracy, which is known to cause delays and even

    April 24, 2016 01:00 am JST
  • Mitsubishi to unload nickel stake in asset reshuffle

    TOKYO -- Mitsubishi Corp. will sell its only stake in an overseas nickel project and shift its resource business toward copper, coal and natural gas. The Japanese trading giant is expected to unload its 30% or so interest in the Weda Bay nickel

    April 23, 2016 04:00 am JST
  • Motorbike taxi Go-Jek's Indonesia driver appeal backfires as rivalry heats up

    JAKARTA -- Faced with fierce competition from overseas rivals, the founder of Indonesia's popular ride-hailing app, Go-Jek, found himself backpedaling after he tried to woo drivers from competitors by harnessing nationalistic sentiments. Go-Jek

    April 22, 2016 11:10 pm JST
  • Japan's snack makers to launch halal lines in Indonesia

    TOKYO -- Japanese food makers Morinaga and Calbee plan to produce and sell halal-certified snacks in Indonesia, the first step in tapping demand from growing populations in majority-Muslim nations. Morinaga will introduce a halal version of its

    April 22, 2016 03:00 am JST
  • Bad-debt overhang foils easy-money policies in Indonesia, India

    SINGAPORE -- Efforts by the central banks of Indonesia and India to bring down elevated lending rates and bolster their countries' economies have not gone according to plan as banks face mounting bad loans and the creditworthiness of corporate borro

    April 22, 2016 01:30 am JST
  • China's island-building in the South China Sea is ruffling feathers worldwide

    TOKYO A maritime security net is closing in on China in the South China Sea, where Beijing is building artificial islands on reefs to erect military facilities in disputed waters. The U.S. plans to start joint patrols in the waters with Japan, Aus

    April 21, 2016 12:00 pm JST
  • India and the ASEAN5 are in for growth, if they keep reforms on track

    TOKYO Major Southeast Asian countries and India are set to maintain their current growth rates in 2016 before accelerating into 2018, a new survey of economists and analysts shows. Exports will remain sluggish, but public spending and investme

    April 21, 2016 12:00 pm JST
  • Uber bets the farm on expansion in Asia

    JAKARTA Uber Technologies is burning cash to expand its ride-hailing services in Asia's emerging markets, taking on a rising crop of homegrown competitors. Founded in 2009, the U.S. technology startup is now operating in 360 cities across 67 c

    April 21, 2016 12:00 pm JST
  • Widodo flies high with Garuda in Europe

    JAKARTA -- National airline Garuda Indonesia on Tuesday upgraded an order for Airbus A330s and signed a $1.2 billion engine deal in London with Rolls-Royce in the presence of President Joko Widodo. Garuda had replaced an order for seven A330-300

    April 21, 2016 02:04 am JST