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  • Serving automakers

    Japan's Sojitz to offer logistics services in Indonesia

    TOKYO -- Japanese trading house Sojitz will expand operations in Indonesia, offering autoparts logistics services ranging from procurement and assembly to delivery. The company aims to build a logistics network in Asia to meet customer needs mor

    April 27, 2015 02:00 am JST
  • ASEAN-China

    Southeast Asian ministers call for South China Sea talks

    KUALA LUMPUR -- The Association of Southeast Asian Nations (ASEAN) wants China to stop reclamations in the South China Sea and to seek peaceful solutions to maritime disputes there through talks. ASEAN foreign ministers met on Sunday in Kuala Lu

    April 26, 2015 11:15 pm JST
  • Opinion & Analysis

    A golden era for midsize companies

    Midsize companies are Asia's new champions. It used to be that big multinationals and local conglomerates were the region's biggest consumer goods success stories. They were able to build and scale in a way that no midsize company could hope to repl

    April 26, 2015 01:00 pm JST
  • Expanding opportunities

    Japan's top nonlife insurers getting aggressive in Asia

    TOKYO -- Japan's top three property and casualty insurance companies are taking steps to better compete in the rest of Asia. Mitsui Sumitomo Insurance in April made Alan Wilson, the British CEO of its holding company for Asian operations, its fi

    April 26, 2015 07:00 am JST
  • Islamic conservatism

    Indonesia mulls expanding alcohol restrictions

    JAKARTA -- A call in Indonesia's parliament for a blanket ban on alcohol sales in the country has alarmed some of the world's biggest beverage companies and highlighted growing conservatism among some Islamic lawmakers. The latest push against alcoh

    April 25, 2015 01:00 pm JST
  • Nikkei earnings preview

    Hino's profit seen skidding in fiscal 2014

    TOKYO -- Hino Motors' consolidated operating profit likely suffered a 2% setback to 110 billion yen ($922 million) in the year that ended last month amid tepid sales abroad. Sales at the Japanese truck maker also edged down 2%, falling to 1.66 t

    April 25, 2015 02:00 am JST
  • Bank Mandiri

    Profit growth falls back after interest rate cut

    JAKARTA -- Bank Mandiri, Indonesia's largest lender, said on Friday that net profit for January to March rose 4% year on year to 5.13 trillion rupiah ($410 million) - a reduced rate after the central bank cut interest rates in February for the first

    April 25, 2015 01:05 am JST
  • ASEAN summit

    Southeast Asian leaders to discuss South China Sea situation

    KUALA LUMPUR -- ASEAN leaders want to hasten talks on what to do about the situation in the South China Sea. Malaysia, the rotating chair of this year's meetings of the Association of Southeast Asian Nations, will bring up the matter when the le

    April 24, 2015 08:30 pm JST
  • Unilever Indonesia

    Investors turn bullish on solid profit growth

    JAKARTA -- Unilever Indonesia's solid profit growth for the January-March quarter sent the consumer goods giant's shares to an all-time high, attracting consumer sector investors previously concerned over the country's economic slowdown. The com

    April 24, 2015 05:40 pm JST
  • South-South myth

    Asia-Africa cooperation not enough for new economic order

    SINGAPORE -- Two major international conferences this week on opposite sides of the globe symbolize an ongoing shift in the world order. But even as Asia and Africa spread their influence, they likely will not be able to spark a paradigm shift on th

    April 24, 2015 05:46 am JST
  • Asia-Africa countries end summit, seek U.N. Security Council reform

    JAKARTA (Kyodo) -- Asian and African leaders attending a regional summit in Jakarta adopted three documents Thursday, including a declaration calling for "a comprehensive reform" of the U.N. Security Council. In the Declaration on Reinvigorating

    April 23, 2015 09:43 pm JST
  • Solving common problems

    Asian, African mayors form smart city alliance

    BANDUNG, Indonesia -- More than 20 mayors from Asia and Africa on Thursday adopted the Bandung Declaration on smart cities. The move came during Asia Africa Smart City Summit 2015, organized by the West Java capital's municipal government. They agre

    April 23, 2015 08:37 pm JST
  • Philippine Long Distance Telephone

    Carrier pumps $15M into Southeast Asian version of Netflix

    MANILA -- Philippine Long Distance Telephone's transformation into a multimedia company is getting another boost in the form of a $15 million investment in an Internet video-streaming service. PLDT's investment is part of iflix's $30 million fun

    April 23, 2015 08:00 pm JST
  • Signs of a thaw?

    Abe, Xi agree to strengthen ties

    JAKARTA -- Signaling a thaw between two Asian rivals, Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping both acknowledged improvements in long-strained bilateral relations during a meeting here Wednesday. "Sino-Japanese relatio

    April 23, 2015 06:47 am JST
  • Asia-Africa summit

    India's conspicuous absence amplifies undemocratic voices

    JAKARTA -- Indian Prime Minister Narendra Modi sat out this week's Asia-Africa summit to prioritize commitments at home, ceding the limelight to countries less democratically inclined. Modi wrote Indonesian President Joko Widodo with regrets for

    April 23, 2015 05:17 am JST
  • Asia-Africa summit

    Indonesia's Widodo urges break from Western-led order

    JAKARTA -- Indonesian President Joko Widodo staked out a new, more prominent role for his country among developing economies in opening remarks at the Asia-Africa summit, where he called on emerging nations to break away from the Western economic or

    April 23, 2015 04:48 am JST
  • Indonesian banks diversify revenue

    JAKARTA -- In the face of a slowdown in loan growth, Indonesia's top lenders are working to expand their noncore businesses. Bank Mandiri, the country's largest bank by assets, is focusing on its fee-based services. It has recently partnered wit

    April 23, 2015 12:00 am JST
  • Overcoming urban problems

    Asian, African mayors explore smart city concept

    BANDUNG, Indonesia -- As part of the Asian-African Conference, Asia Africa Smart City Summit 2015 kicked off here Wednesday. Organized by the West Java capital's municipal government, the summit's goal is to establish a new organization for the adva

    April 22, 2015 08:00 pm JST
  • Asian, African leaders start summit in Indonesia

    JAKARTA (Kyodo) -- More than 100 government leaders from Asia and Africa started a summit of the two continents Wednesday, with a call by Indonesian President Joko "Jokowi" Widodo for U.N. reform and a new global economic order to deal with global i

    April 22, 2015 02:36 pm JST
  • Asian African Conference

    Japan to help train 350,000 people in Asia, Africa says Abe

    JAKARTA (Kyodo) -- Japanese Prime Minister Shinzo Abe on Wednesday pledged the country's assistance in the training of as many as 350,000 people in Asia and Africa over the next five years as part of efforts to ensure "quality growth" and eradicate

    April 22, 2015 02:31 pm JST