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  • Population growth

    Tokyu Fudosan revs up housing in Indonesia

    TOKYO -- Tokyu Fudosan Holdings plans to develop roughly 5,000 condominium units and houses in Indonesia by 2023, based on projections of strong demand as the country's population grows. The Japanese real estate company intends to invest more th

    March 4, 2015 05:56 am JST
  • Mass transit

    Mitsui-led group set to land Jakarta deal

    JAKARTA -- A consortium led by Mitsui & Co. is expected to win the order for an operational management system for Indonesia's first mass transit rail system that includes a subway. The consortium, which includes Kobe Steel and Toyo Engineering,

    March 4, 2015 05:48 am JST
  • Opinion & Analysis

    Asian youth feel happy and helpless

    The future belongs to the young. This is especially evident in parts of Asia. How young Asians see the world, their own futures and those of their countries often differs from the attitudes of their elders. Their differing views may go a long way to

    March 3, 2015 01:00 pm JST
  • Indonesian fisheries

    Minister's new marine protection measures rile industry

    JAKARTA -- New ministerial decrees aimed at protecting fishery stocks and a lack of industry consultation led to a rare backlash against the new government of President Joko Widodo last week. "Susi is an enemy of people," shouted fishermen and t

    March 3, 2015 01:00 pm JST
  • Indofood CBP Sukses Makmur

    Indonesian noodle maker buys stake in Japanese restaurant operator

    JAKARTA -- Indonesia's largest instant noodle producer Indofood CBP Sukses Makmur announced Monday it has agreed to buy a 9.88% stake Japanese restaurant operator JC Comsa for 284 million yen ($2.5 million). Indofood CBP, a unit of the Salim Gro

    March 3, 2015 11:25 am JST
  • Indonesian equities

    All's not quiet on inflation front

    JAKARTA -- Indonesia's benchmark stock index closed at an all-time high Monday, but trouble may lie ahead as prices of rice and gasoline turn volatile. The Jakarta Composite Index has been on a roll, breaking one record after another from Feb. 1

    March 3, 2015 02:42 am JST
  • Lippo Group

    Indonesian developer to open Japanese school

    JAKARTA -- Lippo Group will open a Japanese kindergarten in a Jakarta suburb, tapping demand for schools among expatriates working in nearby industrial zones, a subsidiary of the Indonesian conglomerate said on Monday. Hikari Japanese School wil

    March 2, 2015 10:00 pm JST
  • Indonesian police chief nomination

    Widodo's political brinksmanship backfires

    JAKARTA -- Indonesian President Joko Widodo is in a tricky position. The opposition controls parliament. And it made the most of his controversial first nominee for the nation's next police chief. The president has brought in reforms to rebuild

    March 2, 2015 07:00 pm JST
  • Southeast Asia's impending pain

    'State-financed' consumer spending hits government bottom lines

    SINGAPORE -- Governments in some major Southeast Asian nations are struggling with hefty bills run up by spending to encourage consumption. These countries have artificially jacked up spending in recent years through measures such as generous pa

    March 2, 2015 07:00 pm JST
  • Record highs

    Poor supply pushes up Japan pepper prices

    TOKYO -- Pepper prices are rising in Japan amid a global shortage. Poor harvests in Asia, growing demand for pepper in emerging countries and the weaker yen have all played a part. Japan pays about 2,200 yrn to 2,300 yen ($18.29-$19.12) per kilo

    March 2, 2015 01:00 pm JST
  • Southeast Asian retail

    Small stores on front lines wooed

    MANILA/JAKARTA -- Big businesses, including lenders and convenience chain operators in Southeast Asia, are wooing millions of small grocery stores across the region. They are doing so in a bid to reach consumers outside cities. A 6-sq.-meter sto

    March 2, 2015 01:00 pm JST
  • A game of contagion

    Competitive central banking

    TOKYO -- Call it beggar-thy-neighbor central banking. Interest rates around the world are coming down. The monetary authorities of emerging nations as well as those of countries that export a lot of natural resources are doing a lot of the pulling.

    March 1, 2015 07:00 am JST
  • Going outside Toyota

    Daihatsu likely to supply Dongfeng Motor

    OSAKA -- Japanese carmaker Daihatsu Motor will likely start supplying fuel-efficient engines to Dongfeng Motor, sources told the Nikkei. China's second-largest state-run carmaker apparently wants to use the engines to capture demand for subcompacts

    March 1, 2015 02:00 am JST
  • CIMB Group

    Lender brings out the cost-cutting knives

    SINGAPORE -- CIMB Group Holdings, Malaysia's second-largest lender, finds itself trying to restructure through cost cuts. In 2014 it suffered through a rocky currency market, a called-off megamerger, and low oil and commodity prices that left its cl

    February 28, 2015 10:45 pm JST
  • Mitsubishi Motors beefing up

    GM closing 2-year-old Indonesian plant

    JAKARTA/TOKYO -- Automakers are restructuring their operations in Indonesia, taking different tacks in Southeast Asia's largest new-car market. General Motors will end production of Chevrolet vehicles in the country, closing down a plant it had

    February 28, 2015 07:33 am JST
  • Capital flow

    Indonesian rupiah hits 16-year low amid stock rally

    SINGAPORE -- Indonesia's rupiah on Friday fell to 12,940 per dollar, the lowest level since August 1998, on a surge of selling triggered by the central bank's recent decision to cut interest rates. By contrast, the Jakarta Composite Index, Indon

    February 28, 2015 04:22 am JST
  • GM plant closure

    Carmaker's second crack at Indonesia output ends like first

    JAKARTA -- General Motors announced Thursday that it will shut down its Chevrolet-producing plant in Indonesia by the end of June. This is the second time the American automaker has decided to pull the plug on Indonesian production. The company

    February 27, 2015 03:00 pm JST
  • Astra International

    Shrinking car margins level profits

    JAKARTA -- Indonesian conglomerate Astra International announced on Thursday a 1% drop in its 2014 net profits to 19.18 trillion rupiah ($1.5 billion) as a weak rupiah and stronger competition weighed down its core auto business. Although the co

    February 26, 2015 11:15 pm JST
  • Death penalty divide

    Indonesia's 'no clemency' policy for drug convicts strains diplomatic ties

    JAKARTA -- Indonesia's policy of doling out severe penalties for drug-related crimes -- often death -- is affecting its relations with countries that no longer resort to capital punishment. Australia is among the nations stepping up pressure on

    February 26, 2015 04:50 pm JST
  • Unified Southeast Asian market

    Majority of businesses optimistic about ASEAN economic integration: Survey

    TOKYO -- Nearly 80% of companies operating in the Association of Southeast Asian Nations see growth opportunities in the bloc's planned economic integration this year, shows a U.S. survey. However, almost half of the Indonesian businesses polled

    February 26, 2015 01:00 pm JST