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  • Honda eyes first record profit in 7 years in fiscal 2014

    TOKYO -- Honda Motor on Tuesday upgraded its full-year net profit guidance by 5 billion yen ($48.6 million) to 600 billion yen, with brisk Japanese sales of new compacts and minicars seen overcoming a slump after April's consumption tax hike. Th

    July 30, 2014 03:54 am JST
  • Frederic Neumann: Widodo faces tough choices ahead

    The count is in. Despite a legal challenge by his opponent, it looks likely that Joko "Jokowi" Widodo will become Indonesia's next president in October. Investors are cheering and markets are rallying. The hope is that he will deliver far-reachi

    July 29, 2014 07:00 pm JST
  • Despite court appeal, Widodo confident of becoming Indonesia's president

    JAKARTA -- A confident Joko Widodo is pushing ahead with plans to be Indonesia's president, apparently unfazed by the opposition's bid to overturn the July 9 election result. On Monday, which was the festival of Eid al-Fitr and the end of the an

    July 29, 2014 01:00 pm JST
  • Can Widodo break free of Indonesia's domestic-demand trap?

    Indonesia is large enough to manage its economy even without the Association of Southeast Asian Nations. Its population of 250 million and $870 billion gross domestic product each account for 40% of the bloc's total. This massive reservoir of de

    July 29, 2014 07:00 am JST
  • Indonesia taking steps toward open markets

    JAKARTA -- A week has passed since the official announcement of Joko Widodo's victory in Indonesia's presidential election, and stock prices have neared record highs on signs that the inward-looking country is finally starting to turn outward. S

    July 29, 2014 03:48 am JST
  • Aeon to build cross-border labor pool

    TOKYO -- Aeon, one of Japan's biggest retail groups, will compile a database of 420,000 foreign and domestic employees in an effort to put the right people in the right jobs, regardless of national or organizational lines. It will tackle a chall

    July 28, 2014 02:00 am JST
  • State-owned energy, financial entities dominant in Asia

    TOKYO -- State-controlled enterprises have a huge presence in Asia, and their influence is especially strong in finance, energy and other fields essential to development. In China, state-owned or government-affiliated entities occupy nearly 90%

    July 27, 2014 01:00 pm JST
  • Widodo will bear great responsibility for Asean unity

    SINGAPORE -- At the Asean summit held in Brunei last fall, the relaxed chatter of delegates in the lobby was interrupted by the arrival of the Indonesian delegation, led by President Susilo Bambang Yudhoyono. Like Charlton Heston parting the Red

    July 26, 2014 04:29 am JST
  • Indonesia's top banks see non-performing loans grow

    JAKARTA -- Despite posting double digit profit growth, Indonesia's biggest banks are beginning to feel the effects of an economic slowdown after non-performing loans increased in the first half of this year. Indonesia's three biggest banks by as

    July 25, 2014 09:37 pm JST
  • Despite weak car sales, Astra's profit jumps

    JAKARTA -- Astra International posted double-digit profit growth for the first half of this year, helped by recoveries at its commodity-related subsidiaries that covered up for weak car sales. The Indonesian conglomerate on Thursday said its net

    July 25, 2014 03:00 pm JST
  • Poor infrastructure, protectionism threaten Indonesia's growth

    JAKARTA -- Indonesia's poor infrastructure is casting a dark shadow over the economic future of this fast-growing Southeast Asian country. The development of Indonesia's infrastructure has failed to match the pace of its economic growth in recen

    July 25, 2014 01:00 pm JST
  • Indonesia rupiah could falter ahead of week-long break

    JAKARTA (Dow Jones) -- The rupiah could weaken significantly as the market trims positions ahead of the week-long holiday ahead. The rise of the U.S. dollar overnight could act as a trigger for USD/IDR to rally toward the daily Ichimoku Cloud resi

    July 25, 2014 11:06 am JST
  • Widodo to lead Indonesia amid expectations of ending elite control

    JAKARTA -- Indonesia has chosen a new leader both in name and substance for the first time in 10 years. Jakarta Governor Joko Widodo, popularly known as Jokowi, will lead Indonesia as its new president as he faces the challenge of uniting t

    July 24, 2014 07:00 pm JST
  • Indonesian election outcome stokes fears over protectionism

    TOKYO -- Hopes are high that Indonesia's incoming President Joko Widodo will give the sluggish economy a kick by proving true to his reputation as a reformer tough on corruption. But the 53-year-old struck a decidedly protectionist tone on the campa

    July 24, 2014 04:45 am JST
  • Political concerns cap election bounce on Indonesian bourse

    JAKARTA -- Indonesian share prices rose slightly Wednesday, the day after the capital's popular governor was declared the country's next president following a vote this month. Election commissioners said Joko Widodo received 53.15% of the vote.

    July 24, 2014 01:57 am JST
  • Japan developing rain forest evaluation system

    TOKYO -- Japanese researchers are developing a system to help Southeast Asian countries protect biological diversity in tropical rain forests. The Environment Ministry and Kyoto University plan to develop a low-cost, satellite-based system to as

    July 24, 2014 12:00 am JST
  • Widodo declared Indonesian election winner

    JAKARTA -- Joko Widodo, 53, was declared the winner of Indonesia's presidential election on the evening of July 22, after a day of high drama that saw rival candidate Prabowo Subianto, 62, reject the counting process, alleging he had been cheated of

    July 24, 2014 12:00 am JST
  • Margaret Scott: Indonesia will entrench vibrant democracy

    The defiant loser Prabowo Subianto's last-minute repudiation of the results may trigger a legal dispute that could complicate the aftermath. Regardless, Subianto's rejectionism cannot alter the global significance of the message delivered by voters

    July 24, 2014 12:00 am JST
  • Elizabeth Pisani: Widodo's challenge, letting Indonesia's districts rule

    In late 2011, I found myself hanging over the edge of a cargo ship off the coast of the eastern Indonesian island of Liran, helping to haul an old woman aboard. Wobbling about on the deck of a small fishing boat beneath her was her daughter, pushing

    July 24, 2014 12:00 am JST
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST