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  • Asian currencies rise

    Bank of Japan's easing seen as driving force

    TOKYO -- Several Asian currencies climbed this month, apparently aided by the Bank of Japan's fresh monetary easing, which pushed them higher even after the U.S. Federal Reserve ended its quantitative easing program in October. The Thai baht and

    November 29, 2014 07:22 am JST
  • ATR turboprops in Asia

    Lion Group orders 40 French aircraft

    JAKARTA -- Indonesia's budget airline Lion Group signed a $1 billion purchase agreement with French aircraft manufacturer ATR for 40 of its latest turboprop ATR 72-600 planes. By adding 40 aircraft to its fleet, Lion aims to meet Asia's growing dema

    November 28, 2014 06:05 pm JST
  • Unilever Indonesia

    Shareholders appoint president from Indian arm

    JAKARTA -- Unilever Indonesia, the domestic arm of an Anglo-Dutch consumer goods maker, on Thursday appointed a new president hired from the company's Indian entity. The move is likely to strengthen ties between the two company subsidiaries and boos

    November 28, 2014 12:50 pm JST
  • Astra Aviva partnership

    Indonesian conglomerate launches life insurance with UK company

    JAKARTA -- Indonesian trading company Astra International has launched a life insurance business with U.K. insurance company Aviva International in a bid to strengthen financial services in the face of a slowdown in its core automotive business.

    November 28, 2014 10:50 am JST
  • Southeast Asian economy

    Growth slowing but hopes remain high

    MANILA -- While sluggish consumption stemming from rising prices is stalling growth in Southeast Asia, expectations are strong that cheaper crude oil will help pull the region out of its temporary lull. The Philippines' gross domestic product gr

    November 28, 2014 06:54 am JST
  • Fighting for survival

    Oil-producing nations must cut reliance on crude

    TOKYO -- Oil-producing countries are faced with the urgent need for reform and economic diversification, as large-scale subsidies and an overdependence on fossil fuels become increasingly unsustainable strategies. Long lines snaked around gas st

    November 28, 2014 03:34 am JST
  • Japanese cuisine

    Restaurant chains heading to Southeast Asia

    TOKYO -- Restaurant operators in Japan are expanding in Southeast Asia, hoping to tap demand from locals interested in the country's cuisine. Colowide plans to open barbecue chain Gyu-Kaku and a shabu shabu chain in Indonesia. The company will s

    November 28, 2014 01:15 am JST
  • GIC invests in Indonesia

    Singaporean sovereign wealth fund backs Rajawali

    SINGAPORE -- Buoyed by the prospect of economic reforms under the new government that are expected to tap long-term growth potential, the Singaporean sovereign wealth fund GIC is partnering Indonesia's Rajawali Group on property projects. With a

    November 27, 2014 09:48 pm JST
  • Tokopedia expansion

    Online retailer to build 'Silicon Valley' in Indonesia

    JAKARTA -- Tokopedia, the leading online retailer in Indonesia, plans a corporate headquarters like Google's in Silicon Valley, and to boost its workforce six fold, after raising $100 million in October from a group of investors that includes Japan'

    November 27, 2014 07:54 pm JST
  • Feeding Asia

    Japanese trading houses partner up to reach the region's tables

    TOKYO -- Japan's big trading houses are moving to take advantage of exploding demand for food around Asia. Critical to their strategies are partnerships in target markets. They are also going beyond their usual role as go-betweens, funneling signifi

    November 27, 2014 01:00 pm JST
  • Jakarta tries to be more ambulatory

    JAKARTA -- Closing a major road to traffic has caught on in Indonesia's capital, at least on Sunday mornings. That's when one major downtown avenue bustles with cyclists, joggers and pedestrians exercising between the nation's tallest buildings.

    November 27, 2014 12:00 am JST
  • Indonesian developer looks to Japan's wealthy expats

    JAKARTA -- An Indonesian conglomerate owned by ethnic Chinese plans to develop a Little Tokyo on the outskirts of the capital to cash in on the increasing number of Japanese sent to work here. The Lippo Group has teamed up with the Toyota Motor

    November 27, 2014 12:00 am JST
  • Vikram Nehru: The ascent of Indonesia's presidency

    Indonesia's new president, Joko "Jokowi" Widodo, and U.S. President Barack Obama recently met several times in different countries while attending the Asia-Pacific Economic Cooperation leaders' meeting in China, the East Asia summit in Myanmar and t

    November 27, 2014 12:00 am JST
  • Indonesia energy

    Government mulls fixed fuel subsidy

    JAKARTA -- Indonesian Finance Minister Bambang Brodjonegoro says measures being considered to reduce the 2015 budget deficit include a fixed fuel subsidy. President Joko Widodo opened the way to fuel price increases for gasoline and diesel of mo

    November 26, 2014 11:30 pm JST
  • NAR Bangkok forum

    Localization, globalization keys to expansion, says Bank of Ayudhya CEO

    BANGKOK -- Localization of management and globalization of local employees are essential when expanding into foreign markets, said Noriaki Goto, CEO of Bank of Ayudhya, Thailand's fifth largest bank by assets, which was acquired by Japan's largest b

    November 26, 2014 10:00 pm JST
  • NAR Bangkok forum

    Can AEC overcome national interests and combine strengths? Yes, say auto bosses

    BANGKOK -- Three leaders of the region's automotive industry gave the ASEAN Economic Community grades of 8, 7 and 6 at the Nikkei Asian Review Forum in Bangkok on Wednesday. When asked how the AEC, to be launched at the end of 2015, is progressing,

    November 26, 2014 09:30 pm JST
  • NAR Bangkok forum

    GM seeks greater foothold in ASEAN market

    BANGKOK -- The upcoming ASEAN Economic Community could enhance the competitiveness of non-Japanese automakers despite their current smaller market share, according to Tim Zimmerman, president of General Motors' South East Asia Operations. He suggest

    November 26, 2014 08:10 pm JST
  • Vikram Nehru

    The ascent of Indonesia's presidency

    Indonesia's new president, Joko "Jokowi" Widodo, and U.S. President Barack Obama recently met several times in different countries while attending the Asia-Pacific Economic Cooperation leaders' meeting in China, the East Asia summit in Myanmar and t

    November 26, 2014 07:00 pm JST
  • NAR Bangkok forum

    Nissan sees growth opportunity in ASEAN Economic Community

    BANGKOK -- The launch of the ASEAN Economic Community at the end of 2015 will offer the automobile industry a unique opportunity to reduce logistics costs and create a strategic production base, Toshiyuki Shiga, vice chairman of Nissan Motor, said a

    November 26, 2014 06:50 pm JST
  • PGAS builds 1,200km pipe

    Indonesia's interisland gas pipeline due 2018

    JAKARTA -- Indonesia's state-owned gas company Perusahaan Gas Negara (PGAS) is planning to build a 1,200km undersea pipeline between the islands of Java and Kalimantan. The gas pipeline, due to be completed in 2018, will run from Central Java to

    November 26, 2014 05:40 pm JST