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  • Seeking growth

    Japan's power giants extending reach abroad

    TOKYO -- Japanese electricity providers are beefing up their generating capacity overseas, with a focus on Asian and Middle Eastern markets. As of the end of June, Electric Power Development, better known as J-Power, and seven regional utilities

    September 3, 2015 12:55 am JST
  • Jakarta woos manufacturers with broader tax breaks

    JAKARTA -- Struggling with a weaker currency, Indonesia is looking to beef up its export competitiveness by attracting more downstream manufacturers. One way of doing this is offering more generous tax incentives, a move Finance Minister Bambang

    September 3, 2015 12:00 am JST
  • Indonesia stands ready to avert rupiah's free fall: Finance minister

    JAKARTA -- Indonesia's financial authorities are prepared to step in to check the plunge of its currency, the country's finance minister has said. The specter of a U.S. interest rate hike and worries about the Chinese economic slowdown have shak

    September 3, 2015 12:00 am JST
  • Upsurge in piracy roils Southeast Asian waters

    JAKARTA -- These days, the word "piracy" usually brings to mind illegally copying music, movies or software. But in the waters of Southeast Asia, mainly off Indonesia and Malaysia, the traditional meaning prevails, with boatloads of armed men stormi

    September 3, 2015 12:00 am JST
  • Weak currencies sap Malaysian, Indonesian earnings

    JAKARTA/KUALA LUMPUR -- Indonesian and Malaysian companies are scrambling to protect their earnings against plunges in their local currencies, which are causing their U.S. dollar-denominated debt to balloon. Executives at Axiata Group, a Malaysi

    September 3, 2015 12:00 am JST
  • To raise or not to raise? No direction out of Jackson Hole

    JACKSON HOLE, Wyoming -- In a speech that attracted the attention of market participants around the globe, Federal Reserve Vice Chairman Stanley Fischer left the door open for a rate rise as soon as September, even as market turbulence cast a cloud

    September 3, 2015 12:00 am JST
  • Nicholas Spiro: China the real worry for emerging market investors

    Investor sentiment toward emerging markets remains bleak. Emerging market stocks have lost 10% in dollar terms in August, resulting in a 20% decline over the past three months. In the period between Aug. 19 and 26, emerging market bond funds suf

    September 3, 2015 12:00 am JST
  • From the pages of Monocle: In the slipstream -- Surabaya

    On a sunny Sunday in Surabaya, crowds of people are enjoying a day off in Taman Bungkul, a compact but verdant park in the middle of Indonesia's second city. Since this is the middle of Ramadan, the vendors manning the food stalls are waiting until

    September 3, 2015 12:00 am JST
  • Tiphone

    Indonesian distributor finds a Taiwanese smartphone-making partner

    JAKARTA -- Tiphone Mobile Indonesia, a distributor of mobile phones, on Monday said it and Arima Communications, a contract manufacturer based in Taiwan, plan to make handsets on the outskirts of Indonesia's capital. Arima Communications already bui

    September 2, 2015 03:50 pm JST
  • Dollar debts a worry

    Weak currencies sap Malaysian, Indonesian earnings

    JAKARTA/KUALA LUMPUR -- Indonesian and Malaysian companies are scrambling to protect their earnings against plunges in their local currencies, which are causing their U.S. dollar-denominated debt to balloon. Executives at Axiata Group, a Malaysi

    September 2, 2015 01:00 pm JST
  • Indonesia economy

    Lagarde sees 'different place' to 20 years ago

    JAKARTA -- Christine Lagarde, the managing director of the International Monetary Fund (IMF), has said Indonesia is better placed to survive the economic slowdown in China and other global uncertainties than in previous challenging times. Lagard

    September 2, 2015 01:30 am JST
  • Foxconn cancels investment plan in Indonesia - Kontan

    JAKARTA (Reuters) -- Taiwan's Foxconn Technology Group, the world's biggest electronic components maker, has cancelled plans to invest in a factory in Indonesia, Kontan daily reported on Tuesday, citing the head of an Indonesian business chamber.

    September 1, 2015 02:24 pm JST
  • Signs of pullback growing

    Spiking gold to oil ratio points to trouble for world economy

    TOKYO -- The world economy is showing signs of stress, as reflected in turbulent global stock markets. Investors and policymakers are on guard, with the outlook China and other emerging economies particularly grim. One closely watched commodity

    September 1, 2015 02:15 pm JST
  • Nikkei PMI

    Indonesia's factory activity remains weak at 48.4 in August

    TOKYO -- The Nikkei Indonesia Manufacturing Purchasing Managers' Index, or PMI, remains weak for eleventh successive month in August. The reading came in at 48.4 this time. It was 47.3 in July. A reading above 50 indicates economic expansion, wh

    September 1, 2015 12:00 pm JST
  • Nariman Behravesh

    What are the ramifications of the 'rolling routs' in financial markets on US and global growth?

    Global financial markets have been gripped by fear in recent weeks. What began as "Taper Panic" two years ago turned into "The Great Deflation" in commodity prices last year, and finally morphed into a huge stock market sell-off this summer, first i

    September 1, 2015 09:28 am JST
  • Vijay Sakhuja

    Search and rescue operations could help counter South China Sea tensions

    Amid ongoing tensions in the South China Sea, China and the Association of Southeast Asian Nations have agreed to constitute an eminent persons and experts group to provide specialist advice on setting up two so-called hotline platforms to focus on

    August 31, 2015 10:25 pm JST
  • 5 main economies

    Southeast Asia misses GDP forecast

    MANILA -- Southeast Asian economies are slowing. Gross domestic product in the region's five main economies grew at a real 4.2% during the April to June period, down 0.2 of a percentage point from the first quarter of 2015. China, whose own boggy ec

    August 30, 2015 02:30 am JST
  • Ring of Fire's blessing

    Japan, West looking to ride geothermal boom in Indonesia, Philippines

    TOKYO -- Development of geothermal power plants is picking up in Indonesia and the Philippines, providing opportunities for many Japanese and Western companies. At the Sarulla Geothermal Power Plant under construction on northern Sumatra in Indo

    August 29, 2015 12:37 am JST
  • Asian market jitters

    Sharp rebound fails to quell pessimism

    BANGKOK -- Even though mainland Chinese equities sharply rebounded on the last two days of a tumultuous week, market watchers remain on edge. Some warn that another steep correction is in store.2,000, here we come?David Cui, head of China equity str

    August 29, 2015 12:15 am JST
  • Nicholas Spiro

    China the real worry for emerging market investors

    Investor sentiment towards emerging markets remains bleak. Emerging market stocks have lost 10% in dollar terms this month, resulting in a 20% decline over the past three months. In the period between Aug. 19 and 26, emerging market bond funds s

    August 28, 2015 07:00 pm JST