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  • Airport management

    Japanese hub operators chase Nepal, Indonesia contracts

    TOKYO -- The operator of Japanese gateway Narita International Airport plans to acquire the management rights for an airport in Nepal, in collaboration with trading house Mitsubishi Corp. The company that runs Tokyo's Haneda Airport, meanwhile, is s

    February 1, 2015 02:00 am JST
  • Big year for Wijaya Karya, Adhi Karya

    Indonesia's infrastructure plans have state contractors sitting pretty

    JAKARTA -- Indonesia's two leading state-owned construction companies, Wijaya Karya and Adhi Karya, expect the value of new contracts to surge by more than 70% this year thanks to the government's massive infrastructure development program. The

    January 31, 2015 07:00 pm JST
  • Auto sales

    Southeast Asia region sees first drop in 5 years

    BANGKOK -- New-car sales in six major Southeast Asian countries declined 10% to 3.21 million vehicles in 2014, the first such decline in five years. Sales in Indonesia, the region's largest market, slid 2% to 1.2 million vehicles. The appetite o

    January 31, 2015 04:50 am JST
  • Asian stocks

    Indonesian market stays high despite political wrangling

    JAKARTA -- While Asian stocks sagged broadly Friday, the Jakarta Stock Exchange Composite Index rose for the first time in three days. The index remains high after climbing to a record a week ago. It is about 5% higher than in mid-December, when

    January 31, 2015 04:45 am JST
  • Base fare of 24 cents

    Uber launches even cheaper options in Jakarta

    JAKARTA -- U.S.-based Uber Technologies on Friday launched another on-demand car-ride service here. The uberX service offers one of the cheapest car transportation rates in the Indonesian capital. The service allows passengers to hail drivers th

    January 30, 2015 08:00 pm JST
  • Purisima calls for APEC financial integration

    Philippines to accelerate goods trade

    MANILA -- The Philippines will implement a "single window" system to simplify and speed up processing of exports and imports by year end, Finance Secretary Cesar Purisima said Friday. Speaking at a forum organized by Nikkei Asian Review, Purisim

    January 30, 2015 05:36 pm JST
  • Bukit Asam's $3.8M purchase

    Indonesian coal producer to buy mining contractor

    JAKARTA -- State-owned coal producer Tambang Batubara Bukit Asam has agreed to buy mining contractor Satria Bahana Sarana for 48 billion rupiah ($3.8 million) through subsidiary Bukit Multi Investama. The two companies agreed Jan. 21 that Bukit

    January 30, 2015 05:00 pm JST
  • AirAsia crash

    Investigator says co-pilot was at the controls

    JAKARTA -- Indonesia AirAsia Flight QZ8501 had been flown from takeoff by the co-pilot, Remi Plesel, a French national, when it crashed, a senior Indonesian official disclosed on Thursday. Mardjono Siswosuwarno, the chief investigator with Indon

    January 29, 2015 11:40 pm JST
  • Widodo's game plan

    Indonesia to invest in state companies to spur growth

    JAKARTA -- The Indonesian government plans to inject huge amounts of cash into state-owned enterprises in hopes that strengthening their financial foundations will help accelerate infrastructure development. Jakarta is looking to contribute, thr

    January 29, 2015 01:00 pm JST
  • Investment Indonesia

    $74B in investor plans on the table

    JAKARTA -- The Indonesia Coordinating Investment Board expects overall investment in the country to increase 20% this year from 456.6 trillion rupiah ($36.53 billion) last year, driven by infrastructure projects in five primary sectors. "The refor

    January 29, 2015 12:38 pm JST
  • Tin market slackens

    Prices slide as worries over Indonesian supplies ease

    TOKYO -- The global tin market has softened as concern about Indonesia's supply deficit ebbs. The benchmark price on the London Metal Exchange came in at roughly $19,400 per ton on Wednesday, a 6% drop from a recent high in early December. I

    January 29, 2015 01:29 am JST
  • Indonesia's maritime minister 'a bit crazy'

    JAKARTA -- Indonesia's maritime affairs and fisheries minister is on the phone to the CEO of Citilink, a state-owned budget airline, pleading for a seat on a packed flight to Jogjakarta, the former capital. Cigarette in one hand, a drink on the side

    January 29, 2015 12:00 am JST
  • The credit card kids

    DALIAN, China -- A 26-year-old office worker recently visited a Skoda dealership here and decided to buy a Fabia from the Czech automaker. He flipped out two cards, one blue and the other white. "Use this to charge me 50,000 yuan first," he said, ha

    January 29, 2015 12:00 am JST
  • Nikkei Jakarta forum

    Strengthening manufacturing key to Indonesia's growth -- experts

    JAKARTA -- Strengthening Indonesia's manufacturing sector is crucial to the country's economic growth, said government officials and experts at the Nikkei forum in Jakarta on Wednesday. Falling oil prices are projected to save Indonesia, an oil

    January 28, 2015 10:30 pm JST
  • Nikkei Jakarta forum

    Indonesia's vice president expects 6% growth

    JAKARTA -- Indonesia's Vice President Jusuf Kalla says he expects the country's economy to grow nearly 6% this year thanks to the government's economic reforms. "Indonesia has a big opportunity to grow further with subsidy cuts, which give gov

    January 28, 2015 08:30 pm JST
  • ASEAN synchronicity

    Regional grouping ponders common time zone

    KOTA KINABALU, Malaysia -- The Association of Southeast Asian Nations (ASEAN) is considering the adoption of a common time zone as the ten-member regional grouping moves towards closer economic integration. ASEAN synchronization, which was

    January 28, 2015 08:20 pm JST
  • Indonesia's defense spree

    Swelling budget beckons global contractors

    JAKARTA -- Eyeing China's maritime presence, Indonesia is attempting to convert growing economic clout into greater military power. For the world's defense contractors, this means there is a competition to be waged and money to be made. The Indo

    January 28, 2015 01:00 pm JST
  • Freeport's future in Indonesia

    Miner's license renewal contingent upon smelter investment

    JAKARTA -- The Indonesian government is set to extend an operating license for gold and copper miner Freeport Indonesia, on the condition that the company commits to investing in a $2.3 billion smelter construction project in East Java. Freeport

    January 28, 2015 11:20 am JST
  • Elizabeth Pisani

    Be careful what you wish for, Indonesia

    One hundred days ago, on Oct. 20, Joko Widodo surfed into office as president of Indonesia on a tidal wave of expectations. Voters believed he would announce a cabinet of new faces -- technocrats rather than crusty, old-time politicians -- who would

    January 27, 2015 07:00 pm JST
  • JCER forecast for 2015

    Indonesia, Philippines economies expected to grow 6%

    TOKYO -- The economies of Indonesia and the Philippines are projected to grow further this year thanks to the strong U.S. economy, falling crude oil prices and other factors, according to an economic forecast for China and four major Southeast Asian

    January 27, 2015 01:37 pm JST