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  • Indofood CBP branches out

    Indonesian conglomerate laps up Danone Dairy

    JAKARTA -- Indofood CBP Sukses Makmur, Indonesia's largest producer of instant noodles, has announced plans to buy up entirely Danone Dairy Indonesia, a local unit of French company Danone. Indofood CBP is seeking to strengthen its dairy busines

    November 22, 2014 07:32 pm JST
  • Cranking up water pumps

    Panasonic adding Indonesian capacity to tap global demand

    JAKARTA -- Panasonic plans to raise production capacity for small residential water pumps at facilities in Indonesia by about 70%, aiming to broaden exports and double sales in the business to 20 billion yen ($168 million) by fiscal 2018. Homeow

    November 22, 2014 05:17 am JST
  • Indonesia energy

    Troubled Bumi Resources hopes to sell mine stake to Jainsons

    JAKARTA -- Indonesia's Bumi Resources announced on Friday a conditional agreement to sell within six months half of coal mining subsidiary for $130 million in a bid to rein in its mounting debt problem. Indonesia's largest coal mining company, B

    November 21, 2014 10:18 pm JST
  • CP group expands in Indonesia

    Local arm borrows $400M for capacity increase

    JAKARTA -- Charoen Pokphand Indonesia, the country's largest producer of poultry feed, day-old chicks and processed chicken, has taken out a syndicated loan worth $400 million to beef up production capacity. The local unit of Thailand's Charoen Pokp

    November 21, 2014 10:00 am JST
  • Panasonic in Southeast Asia

    Marketing power storage, surveillance systems to local businesses

    JAKARTA -- Panasonic will step up marketing to corporate customers in Southeast Asia, pursuing big contracts for power systems that combine storage and solar batteries, and surveillance equipment. System engineers and marketing personnel in char

    November 21, 2014 06:24 am JST
  • Indonesian bank sell-off

    Japan's J Trust snaps up ailing lender in controversial takeover

    JAKARTA -- Japanese finance company J Trust on Thursday said it completed the purchase of a 99% stake in Indonesian lender Bank Mutiara, formerly known as Bank Century, for 4.41 trillion rupiah ($350 million). The deal, completed just two months

    November 20, 2014 08:00 pm JST
  • Bottom lines

    ASEAN companies with modest market caps multiply their profits

    KUALA LUMPUR -- Don't let their relatively modest market capitalizations fool you: Some Southeast Asian companies have been making massive profit strides. These businesses have ridden the economic growth that has swept across the region, partly

    November 20, 2014 12:00 am JST
  • Widodo's reforms spark investor optimism on Indonesia

    SINGAPORE -- Eastspring Investments, one of Asia's largest asset managers, is betting big on Indonesian stocks, reasoning that newly elected Indonesian President Joko Widodo's reforms will further strengthen that country's economy. Meanwhile, the as

    November 20, 2014 12:00 am JST
  • (Not so) wild waters

    Global fish production has jumped 80% over the past 20 years. But the ocean is not responsible for all this bounty. While wild-caught output has increased 7%, production by fisheries has surged more than 400% and now accounts for nearly half the tot

    November 20, 2014 12:00 am JST
  • What happens when the fighters come home?

    JAKARTA/KUALA LUMPUR -- A total of at least 100 Indonesians and Malaysians are believed to be fighting for the Islamic State group in Syria and Iraq. Several volunteers have died this year as suicide bombers or in combat. Officials from the Sout

    November 20, 2014 12:00 am JST
  • Islamic State: The new face of terror

    In its quest to acquire manpower and support for its operations in Syria and Iraq, the Islamic State militant group is making deep inroads into Asia -- and achieving a level of success that al-Qaida could only have dreamed of. The growing presence o

    November 20, 2014 12:00 am JST
  • Kamal Alam: Syria offers clues to Islamic State's future in Asia

    One of the more remarkable documents found in the Osama bin Laden compound included a letter to the Islamic State group of Iraq and Syria cautioning Abu Musab al-Zarqawi over his group's extreme violence. The insurgency in Fallujah and Tal Afar

    November 20, 2014 12:00 am JST
  • Quenching Southeast Asia's thirst for bottled tea

    TOKYO -- As incomes rise in Southeast Asia, consumers are becoming more health-conscious and opting for low-calorie bottled teas over sugary soft drinks. This shift in tastes is opening up new opportunities for beverage makers from around the world.

    November 20, 2014 12:00 am JST
  • Taxi apps attract money -- and controversy -- in Southeast Asia

    SINGAPORE -- For Uber Technologies and other operators of taxi-hailing apps, the playing field has shifted from West to East. Loaded with funds from both local and Western investors, these companies are flocking to Southeast Asia, where tech-savvy c

    November 20, 2014 12:00 am JST
  • List of ASEAN 100 companies

    ASEAN 100Singapore (25 companies)Banyan Tree HoldingsCapitaLandCity DevelopmentsComfortDelGroDBS Group HoldingsGlobal Logistic PropertiesHyfluxKeppel Corp. Neptune Orient LinesOlam InternationalOSIM InternationalOversea-Chinese Banking Corp.Raffles

    November 20, 2014 12:00 am JST
  • Islamic State in Asia

    What happens when the fighters come home?

    JAKARTA/KUALA LUMPUR -- A total of at least 100 Indonesians and Malaysians are believed to be fighting for the Islamic State group in Syria and Iraq. Several volunteers have died this year as suicide bombers or in combat. Officials from the Sout

    November 20, 2014 12:00 am JST
  • Walter Lohman

    Widodo's early moves suggest continuity, not change

    International leaders gained their first measure of Indonesia's dynamic new president Joko Widodo in the round of Asian summits in mid-November. At home, Widodo has a reputation as a populist, a problem solver, and a regular guy. Abroad, he was -- a

    November 19, 2014 10:30 pm JST
  • Overnight rate at 7.75%

    Indonesia central bank tightens money supply to offset fuel price hike

    SINGAPORE -- Indonesia's central bank raised its overnight policy rate 25 basis points to 7.75% at an unscheduled meeting Tuesday. Bank Indonesia held the meeting to discuss the effects of the government's decision the previous day to cut fuel s

    November 19, 2014 07:00 pm JST
  • Indonesia's fuel wager

    After raising transportation fares, government prepares a safety net

    JAKARTA -- Indonesia's government has been busy since raising fuel prices on Monday. The increase -- in the form of a cut in subsidies -- could save the government more than 100 trillion rupiah ($8.2 billion) a year and give it flexibility to invest

    November 19, 2014 06:20 pm JST
  • Garuda's struggle

    Indonesia's flag carrier expects full-year loss

    JAKARTA -- Hit hard by high fuel costs, a weakening rupiah and intense competition, Garuda Indonesia is headed for a net loss in 2014. Indonesia's flag carrier posted a net loss of $219 million in the January-September period, widening from a lo

    November 19, 2014 05:38 pm JST