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  • Telkom Indonesia to build Indonesia-U.S. submarine cable

    JAKARTA -- Indonesia's state-owned mobile operator Telekomunikasi Indonesia, or Telkom, is leading a group of international operators to build a submarine cable connecting Indonesia and the U.S. The system will stretch from Manado, a port city i

    August 29, 2014 01:44 pm JST
  • Infrastructure crucial to continued growth in Southeast Asia

    MANILA -- A critical issue for members of the Association of Southeast Asian Nations is how to fix lagging industrial development and infrastructure. The Philippines, with a population of about 100 million and a median age of 23, will likely see

    August 29, 2014 05:50 am JST
  • Economic growth slowing in Southeast Asia

    MANILA -- Southeast Asian economies, which have been enjoying growth rates around 7%, are starting to lose steam as the rest of the world continues to slump and rising prices discourage spending. The Philippines saw real gross domestic product g

    August 29, 2014 05:41 am JST
  • Indonesia's Adaro Energy logs 1H profit fall despite higher revenue

    JAKARTA -- Indonesia's second-largest coal producer, Adaro Energy, reported a 32% year-on-year decline in net profit for the January-June period in reaction to a one-time gain on a coal-project acquisition for the same period the previous year.

    August 28, 2014 05:00 pm JST
  • East Asian free-trade talks stumble over tariff rates

    TOKYO -- Sixteen Asia-Pacific nations negotiating a free-trade pact were unable to settle on a common target for tariff elimination at a ministerial meeting Wednesday in Naypyitaw, making a conclusion by the end of next year unlikely. This marke

    August 28, 2014 03:50 am JST
  • NEC to supply optical cable for new line across Pacific

    TOKYO -- NEC will supply 15,000km of optical cable as its contribution to a seven-company international consortium laying a new undersea communications line directly linking Indonesia, the Philippines and the U.S. via Guam. Scheduled for complet

    August 28, 2014 03:31 am JST
  • Southeast Asian car sales fell 16% in July

    BANGKOK -- Sales of new cars in six leading Southeast Asian countries slid 16% on the year to 259,840 units in July, the 15th straight month of declines. Sales volumes dropped in Indonesia, Thailand and Malaysia, the first time this year all of

    August 28, 2014 03:25 am JST
  • Trading company Sun-wa targeting 3 years of record profit

    TOKYO -- Electronic parts trader Sun-wa Technos aims to generate 4.7 billion yen ($44.7 million) in group pretax profit next fiscal year, up 37% from fiscal 2013 for what would be its third straight year of record profit. The Tokyo-based company

    August 28, 2014 02:00 am JST
  • George Magnus: The clock is ticking for an aging Asia

    The rapid aging of the population is widely recognized as one of the most daunting challenges facing developed economies, such as Japan and Germany. Less attention has been paid to the fact that graying demographics are a ubiquitous global phenomeno

    August 28, 2014 12:00 am JST
  • Stem the spread of export curbs on natural resources

    The World Trade Organization, ruling on a dispute over China's export restrictions on rare earth metals and other mineral resources, has almost entirely acknowledged the claims of Japan, the U.S. and the European Union. The final decision, published

    August 28, 2014 12:00 am JST
  • Korn Chatikavanij: Prescriptions for Asean and Thailand: Better governance, stronger institutions

    Looking at the ongoing tragedy in Ukraine, it has become apparent that the conflict there is happening because of the weakened geopolitical positions of both the U.S. and Europe. This phenomenon is creating power vacuums in pockets around the world.

    August 28, 2014 12:00 am JST
  • George Magnus: Strategies for winning the demographic battle

    Asia's aging population will inevitably affect its economic growth. But demographics are not destiny; all nations have the capacity to develop ways of navigating the transition toward grayer societies. The main mechanisms for coping with a stagn

    August 28, 2014 12:00 am JST
  • Southeast Asia embracing Islamic finance

    SINGAPORE -- Islamic finance has been growing rapidly across the world. The market for this type of funding is projected to more than double to $2 trillion in 2014 compared with five years ago, according to a British association specializing in Isla

    August 28, 2014 12:00 am JST
  • Developer Lippo Karawaci turns its sights to Indonesia's smaller cities

    JAKARTA -- Through years of economic growth, Indonesia's capital has become increasingly crowded with high-rise apartments, office buildings and shopping malls. Little, however, has been done to improve Jakarta's poor roads and lack of efficient pub

    August 28, 2014 12:00 am JST
  • M&A deals between Southeast Asian businesses increasing

    TOKYO -- Southeast Asian companies are ramping up acquisitions in preparation for the region's economic integration next year, seeking to ensure that they can thrive in a global market. The value of mergers and acquisitions between Southeast Asi

    August 28, 2014 12:00 am JST
  • The great wealth divide

    Asia's middle-class population may be swelling, but the rich-poor divide is still big. The reasons for this inequality are many, but one key culprit is the lack of inheritance and gift taxes in most of the region's emerging economies. The wealth gap

    August 28, 2014 12:00 am JST
  • Widodo's first task will be highly inflammable

    JAKARTA -- At a gas station in east Jakarta, 40-year-old Yuri fills up the tanks of Japanese cars that cost as much new as he makes in six years. To get to his job, it takes Yuri and his motorcycle an hour of fighting through some of Asia's worst tr

    August 28, 2014 12:00 am JST
  • Ichitan teas up Indonesia

    BANGKOK -- Thailand's tea giant Ichitan Group has chosen Indonesia for its first overseas expansion and will launch two green tea products there with the distinctive sweet flavors that have been so popular in its home market - where sales have latel

    August 27, 2014 10:20 pm JST
  • Malaysia's Axiata April-June net profit tumbles 44%

    KUALA LUMPUR -- The Axiata Group's net profit for the April-June quarter fell 44% year-on-year, to 393 million ringgit ($125 million). The group, which includes cellular service companies in Southeast and South Asia, attributed the decline to lower

    August 27, 2014 07:00 pm JST
  • Indonesia tightens controls on incoming foreign Internet investment

    JAKARTA -- The Indonesian government has tightened restrictions on foreign companies that try to enter its growing Internet market. Restrictions on foreign companies have also been tightened in the country's key resource and finance industries.

    August 27, 2014 07:00 pm JST