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  • Indonesia's United Tractors cuts back on investment as demand wanes

    JAKARTA -- United Tractors, Indonesia's biggest heavy equipment distributor, will cut back on investment due to poor demand from mining companies. The company said Tuesday that capital expenditures for 2014 will be $250 million to $300 million.

    April 23, 2014 03:29 pm JST
  • Aisin Seiki group to churn out autoparts in Brazil, Indonesia

    NAGOYA -- Aisin Seiki, a leading autoparts maker affiliated with Toyota, has announced plans to manufacture engine components and other parts in Brazil and Indonesia together with two subsidiaries. By sharing offices and equipment as a group, th

    April 23, 2014 02:39 am JST
  • Improving Indonesian economy sends rupiah higher

    TOKYO -- The Indonesian rupiah is moving higher against the dollar, thanks to improvements in the country's economic health. The rupiah fell slightly against the dollar last week, but it remains at the 11,400 level, up about 6% from the beginning of

    April 22, 2014 07:00 pm JST
  • Indonesia's Bumi Serpong raises expansion funds through share issue

    JAKARTA -- Indonesian property developer Bumi Serpong Damai plans to raise funds for expansion and investment. According to document submitted to the Indonesia Stock Exchange, Bumi Serpong, a unit of Indonesian conglomerate Sinar Mas Group, plan

    April 22, 2014 06:30 pm JST
  • Japan's big worry over Crimea situation -- China's ambitions

    TOKYO -- Broadly speaking, there are two types of diplomatic talks involving government leaders -- well-prepared meetings with conclusions decided in advance, and earnest talks without any prepared endgame. Leaders from the Group of Seven major

    April 21, 2014 01:00 pm JST
  • Japan to push green tech in Asia via fund

    TOKYO -- Japan is working with the Asian Development Bank to create a fund that will help get the nation's environmentally friendly technologies adopted in Asian infrastructure development. The Environment Ministry will contribute 1.8 billion ye

    April 21, 2014 01:33 am JST
  • Japan to fund cancer-screening ventures in Asia, South America

    TOKYO -- The Japanese government will provide funding and other support for domestic companies looking to sell preventive health care equipment and services in emerging markets. The Ministry of Economy, Trade and Industry will select seven proje

    April 19, 2014 05:44 am JST
  • Kahlil Rowter: The economic imperative of the next Indonesian president

    It was already clear from the preliminary count that the results of Indonesia's April 9 parliamentary election held crucial implications for the country's future. First, no single party could gain sufficient votes to name its own candidate for t

    April 18, 2014 07:00 pm JST
  • Indonesian utility taps Chinese partner for natural gas project

    JAKARTA -- State-owned power provider PLN (Persero) will partner with a Chinese company and others in a project that involves compressing natural gas and shipping it for use at a power plant. PLN will invest $140 million to build, operate and ma

    April 18, 2014 05:50 am JST
  • Japan's Fujio Food to open restaurants in Indonesia

    OSAKA -- Restaurant chain operator Fujio Food System is taking its Japanese fare to Indonesia as soon as this fall and hopes to whet the appetites of other Asian markets. Fujio Food and the Indonesia restaurant chain operator Prima will form a j

    April 18, 2014 03:44 am JST
  • Suzuki aims for car that gets 40km per liter

    TOKYO -- Suzuki Motor says it will create cars that can run for 40km per liter of gasoline by improving its existing technologies. The moves comes as Suzuki seeks to reinforce its presence in emerging economies, where demand for efficient cars i

    April 17, 2014 01:00 pm JST
  • Volcanic eruptions from 2011 quake still possible

    TOKYO -- Could the magnitude-9 earthquake that struck off Japan's northeast coast on March 11, 2011, still trigger volcanic eruptions? A panel advising the Japan Meteorological Agency says yes. "We still cannot rule out the possibility of volcan

    April 17, 2014 12:00 am JST
  • Fast-growing Asian companies set to take on world

    IHH Healthcare, Jollibee Foods, VGI Global Media -- these companies are not exactly household names in most countries. And they are dwarfed by their Western counterparts, say, Hospital Corporation of America, McDonald's or Publicis Omnicom Group. Bu

    April 17, 2014 12:00 am JST
  • Emerging markets grow their own corporate giants

    To find the business giants of the future, The Nikkei Veritas has created a list of companies with high return on equity in emerging countries, as well as some that satisfy certain requirements, including high return on sales. VGI Global Media is

    April 17, 2014 12:00 am JST
  • Emerging-economy investors banking on reform

    As investors seek to identify emerging-market countries that are both politically stable and economically promising, a clear dividing line can be drawn between those that have good prospects for reform and those that do not. In Indonesia, Jakart

    April 17, 2014 12:00 am JST
  • Quest for oil takes Pertamina far beyond Indonesia

    JAKARTA -- Indonesia is Southeast Asia's biggest oil producer, but production has not kept pace with economic growth. Pertamina, a state-run petroleum company, is aiming to improve the supply-demand balance by securing more overseas drilling rights.

    April 17, 2014 12:00 am JST
  • Indonesia poll upset triggers fresh jockeying

    SOLO, Indonesia -- To the surprise of many observers, Indonesia's main opposition party won only half the votes it had expected in the country's April 9 legislative elections. A setback for "Indonesia's Obama," front-runner Joko Widodo, the result i

    April 17, 2014 12:00 am JST
  • Indian Ocean nations eye stronger 'blue economy'

    TOKYO -- Attempts to foster economic cooperation are gathering momentum among Indian Ocean nations. The Indian Ocean Rim Association is an organization made up of 20 countries with a combined population of over 2 billion people. It covers a vast

    April 17, 2014 12:00 am JST
  • Japan's factory staffing firms speed up operations in Asia

    TOKYO -- Japanese manufacturing staffing firms are boosting their supply of local staff in the rest of Asia to Japanese factories operating there as corporate Japan expands overseas production. Major Japanese manufacturing contractor Outsourcing

    April 16, 2014 03:00 pm JST
  • Indonesia's Astra Otoparts gets acquisitive

    JAKARTA -- Indonesia's biggest autoparts manufacturer is ready to do some shopping. Astra Otoparts plans to seek growth this year through mergers and acquisitions, according to Hamdani Dzulkarnaen Salim, the company's president director. "We ar

    April 16, 2014 10:25 am JST