Search results

Results 1 - 20 of 2498
  • Indonesia's food industry

    Japanese companies cater to beef-hungry consumers

    TOKYO/SYDNEY/JAKARTA -- As incomes rise in Indonesia, the heavily Muslim population's growing taste for beef has gotten Japanese businesses like restaurant operators and meat processors salivating.Hearty appetitesAn outpost of the Gyu-Kaku barbecue

    February 6, 2016 05:57 am JST
  • Indonesian economy

    Optimism grows that 2016 will bring turnaround

    JAKARTA -- Indonesia's economic growth slowed for a fifth consecutive year in 2015. But now, as public spending picks up and the central bank changes focus, anticipation is rising that the downtrend will reverse itself this year. Real gross dome

    February 6, 2016 04:38 am JST
  • Indonesian economy

    Quarterly GDP growth of 5.04% sends stocks higher

    JAKARTA -- Indonesia's gross domestic product grew 5.04% on the year in the final three months of 2015, accelerating from the previous quarter, the country's statistics agency said on Friday. The better-than-expected result sent stocks to a six-mont

    February 5, 2016 01:18 pm JST
  • Nikkei PMI

    Business services lead Asian growth in January

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for January showed increased business activity in 14 of the 19 industries monitored. Commercial and business services grew the strongest among all industries. Healthcare ser

    February 5, 2016 11:00 am JST
  • Indonesia infrastructure

    Ministries tussle over stalled high-speed rail project

    JAKARTA -- Indonesia's first high-speed rail project already has run into a spat between two competing ministries, highlighting the challenges President Joko Widodo faces as he promotes infrastructure development. The Ministry of State-Owned Ent

    February 5, 2016 10:04 am JST
  • TPP

    Japan, US politics could push ratification back to 2017

    TOKYO -- The Trans-Pacific Partnership trade deal that was signed Thursday may not take effect until 2017 or later amid political roadblocks in Japan and the U.S., the two countries most crucial to the process. TPP members hope to expand the dea

    February 5, 2016 06:00 am JST
  • Collective bargaining

    As wage growth slows, Indonesian workers demand dialogue

    JAKARTA -- As Indonesia's economic growth falters, concerns over wages and unemployment are growing among workers in the Southeast Asian country. The Brussels-based International Trade Union Confederation held a forum Thursday in Jakarta with, a

    February 4, 2016 08:25 pm JST
  • Japan's negative rates could be a bigger blessing for its neighbors

    Central banks across the world may be running low on ammunition, but the Bank of Japan has shown it may still have a few bullets left in its belts. BOJ Gov. Haruhiko Kuroda surprised markets again on Jan. 29 by pushing the deposit rate into negative

    February 4, 2016 12:00 pm JST
  • Chinese stocks get off to a rough start in January

    BANGKOK One of the factors behind the Bank of Japan's surprise move to push interest rates into negative territory was the turbulence hitting stock markets. This year got off to a tumultuous start in many markets. Asian stocks were no exceptio

    February 4, 2016 12:00 pm JST
  • Stakes couldn't be higher for Indonesia's high-speed rail contractor

    JAKARTA On the morning of Jan. 21, a bright-red excavator dug its claws into a patch of earth on the western outskirts of Bandung as Indonesia's president, Joko Widodo, looked on with a smile. He was witnessing the birth of the nation's first high

    February 4, 2016 12:00 pm JST
  • Ford's Indonesia exit

    JAKARTA Ford Motor's decision to shut its Indonesian operations is not a reflection of the nation's auto market, which contracted in 2015 but is expected to hold firm in the coming years, according to local industry analysts. Ford does not man

    February 4, 2016 12:00 pm JST
  • To woo China, Ford says sayonara to Japan

    TOKYO Forced to choose between Japan and China, Ford Motor picked the latter in hopes of easing its excessive reliance on the U.S. market.The company said it will withdraw from the Japanese market by the end of 2016, concluding a decades-long jour

    February 4, 2016 12:00 pm JST
  • Adm. James Stavridis: Transparency and collaboration will reduce military tension in Asia

    We are at the start of a dangerous arms race in Asia as nations in the region respond to rising and more assertive military power in China and growing instability on the Korean Peninsula. And the American "Pacific pivot" is failing to gain traction

    February 4, 2016 12:00 pm JST
  • Malaysian politics

    Mahathir's son resigns as chief minister after questioning Najib

    KUALA LUMPUR -- Mukhriz Mahathir, the son of former Malaysian leader Mahathir Mohamad, has stepped down as chief minister of the northern state of Kedah after criticizing Prime Minister Najib Razak's controversial handling of embattled state investm

    February 4, 2016 05:00 am JST
  • Bank Rakyat Indonesia

    Gearing up for microloans in remote places

    JAKARTA -- Bank Rakyat Indonesia, the country's largest microbanking institution, plans to strengthen this position using a 67.5 trillion rupiah ($4.72 billion) loan program backed by the government. BRI President Asmawi Syam told reporters on W

    February 4, 2016 03:00 am JST
  • Indonesian high-speed rail

    Ministry blocks work by China-led group, cites safety issues

    JAKARTA -- Indonesia's first high-speed railway will not receive permits allowing construction to proceed until requirements including the network's life span and seismic safety are met, the Transportation Ministry says. Work on the 142km networ

    February 4, 2016 03:00 am JST
  • Bank Central Asia

    Higher micro loan target tempts new lenders

    JAKARTA -- Indonesia's largest private lender by assets, Bank Central Asia (BCA), is looking for partners in the micro loan business after the government decided to open the sector up to encourage more disbursements. According to BCA President J

    February 2, 2016 11:07 pm JST
  • Garuda Indonesia

    Carrier sets up holdco for non-core business

    JAKARTA -- National flagship carrier Garuda Indonesia is planning to establish a holding company next year to take over subsidiaries that do not contribute to its core business. Garuda currently runs five subsidiaries -- including budget carrier

    February 1, 2016 11:30 pm JST
  • Frederic Neumann

    Kuroda's helping hand to Asia

    Central banks across the world may be running low on ammunition, but the Bank of Japan has shown that they may still have a few bullets left in their belts. BOJ Governor Haruhiko Kuroda surprised markets again on Jan. 30 by pushing the deposit rate

    February 1, 2016 09:00 pm JST
  • XL Axiata

    Rights issue to tackle dollar debt

    JAKARTA -- Indonesian mobile operator XL Axiata said on Monday that it plans a rights issue to pay down $500 million in loans from Axiata Group, its Malaysian parent, and reduce the impact of currency fluctuations. In a stock exchange filing, th

    February 1, 2016 08:49 pm JST