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  • Gas-cooled reactors

    Japan hopes new model gives nuclear industry fresh spark

    TOKYO -- A "high-temperature gas-cooled reactor," or HTGR, which has been idle since Japan's March 2011 earthquake is set to be restarted. The Japan Atomic Energy Agency (JAEA) has applied to the Nuclear Regulation Authority for a safety review to f

    December 21, 2014 01:00 pm JST
  • The cost of growth

    Southeast Asian wages fast approaching China levels

    HANOI (Nikkei) -- Southeast Asian labor costs are surging in line with the region's relatively strong economic growth, with minimum monthly wages in Indonesia, Vietnam and Cambodia set to increase by 20-30% in 2015 from a year earlier. Minimum m

    December 21, 2014 02:00 am JST
  • XL Axiata upgrade

    Indonesia's second mobile operator launches 4G

    JAKARTA -- Indonesia's mobile operators are scrambling to match demand for data services in the rapidly expanding smartphone market. On Friday, little more than a week after market leader Telkomsel launched fourth generation (4G) services in Jak

    December 19, 2014 09:45 pm JST
  • Telkom's reshuffle

    Indonesia's state-run telco appoints new CEO

    JAKARTA -- Telekomunikasi Indonesia (Telkom), the largest telecommunication provider in the country, has appointed Alex Sinaga, the CEO of its mobile subsidiary Telkomsel, as its new chief. The post has been vacant since October when former CEO Arie

    December 19, 2014 09:40 pm JST
  • Indonesia uptick

    Rupiah and stocks rally on Fed cautiousness

    JAKARTA -- Indonesia's currency and stock market recovered some ground on Thursday after the U.S. Federal Reserve said it would be cautious about increasing interest rates. The rupiah strengthened by more than 1% to around 12,550 on the U.S. dol

    December 18, 2014 08:40 pm JST
  • Indonesian e-commerce

    Lazada beefs up logistics for its online mall

    JAKARTA -- Online retailer Lazada Indonesia is investing in its distribution network to better harness the promising domestic e-commerce market. "Our big focus is going to be on operations and logistics," Magnus Ekbom, Lazada Indonesia's CEO, sa

    December 18, 2014 05:40 pm JST
  • Sanny Ramos Jegillos

    Region still at risk from disasters, but better prepared

    Apart from the unimaginable devastation and loss of life, the most striking aspect of the Asian tsunami of Dec. 26, 2004 is how little understood were the risks of such an event occurring. Among those who knew what destruction could be unleashed by

    December 18, 2014 01:00 pm JST
  • Headache for business community

    Wave of minimum wage hikes spreading across Indonesia

    JAKARTA -- A wave of wage hikes is spreading across Indonesia, sparking concern in the business community despite expectations of an increase in purchasing power among consumers. The officially set monthly minimum wage in Surabaya, the second la

    December 18, 2014 01:00 pm JST
  • Indonesia battles turbulence

    President calls for investor calm

    JAKARTA -- Indonesian President Joko Widodo called on investors to remain calm and not be distracted by recent global economic turbulence since domestic fundamentals remain strong. The government and central bank, Bank Indonesia (BI), have taken

    December 18, 2014 10:30 am JST
  • Indonesian port project

    Mitsui, Singaporean company to build port in Jakarta

    TOKYO -- Mitsui & Co. is partnering with Singapore's PSA International, the world's largest port operator, to construct and operate a port in the Indonesian capital of Jakarta. The facility will be built and operated by a newly created joint ven

    December 18, 2014 07:00 am JST
  • PTTEP, Garuda and others

    Falling crude, currencies hurt some Southeast Asia stocks, help others

    BANGKOK -- The drop in crude oil prices and the weakening of local currencies has impacted the stock prices of major corporations in Southeast Asia, with resource companies getting hit hard from falling crude prices while airlines get a boost. A

    December 18, 2014 04:03 am JST
  • On the rebound

    Stainless steel plate prices stop falling in Asia

    TOKYO -- The decline in prices of stainless steel plate in Asia is coming to a halt, with the benchmark SUS 304 now trading around $2,500 a ton, up from mid-November when it reached its lowest point in eight months. Stainless steel plate jumped

    December 18, 2014 03:41 am JST
  • Indonesian equities

    Turbulent world intrudes on Widodo's honeymoon

    JAKARTA -- A plunge in the rupiah rattled Indonesia this week, but the country's main stock index has held up relatively well. The Jakarta Composite Index edged up 0.19% Wednesday to close at 5,035.65. On Monday, when the rupiah tumbled roughly

    December 18, 2014 02:19 am JST
  • SGX forging regional links

    Singapore bourse out to cement Asian trading hub status

    SINGAPORE -- Singapore Exchange is already home to Southeast Asia's largest equity and futures markets, but it has even loftier aspirations: SGX dreams of becoming a true pan-Asian bourse where investors can trade shares from markets across the regi

    December 18, 2014 12:00 am JST
  • Uber in Asia:

    Regulators chase the car-hailing venture

    KUALA LUMPUR/NEW DELHI/BANGKOK -- Uber Technologies kicks up a storm just about everywhere it takes its smartphone-based ride-hailing service. Having run afoul of regulators and incurred the wrath of old-guard taxi companies in the U.S. and Europe,

    December 18, 2014 12:00 am JST
  • Frederic Neumann: Asia does not have a dollar problem

    After a few false starts in recent years, the greenback is embarking on a relentless climb. Major swings in exchange rates force investors to reassess their positions, not just tactically but strategically. Global finance is thus in for a turbul

    December 18, 2014 12:00 am JST
  • Asia better equipped to prevent currency crash

    SINGAPORE -- The Russian ruble's rapid decline has triggered some concerns over a repeat of the 1997 Asian currency crisis, but most market watchers say the region is now better prepared to deal with the selling pressures surrounding their currencie

    December 18, 2014 12:00 am JST
  • Plummeting crude prices rattle markets

    TOKYO -- Plunging oil prices are undercutting the currencies of producing countries and sapping energy-related stocks. The volatility, meanwhile, is pushing investors into the yen and other safe havens. The Central Bank of Russia on Dec. 16 rais

    December 18, 2014 12:00 am JST
  • SGX out to cement Asian trading hub status via partnerships

    SINGAPORE -- Singapore Exchange is already home to Southeast Asia's largest equity and futures markets, but it has even loftier aspirations: SGX dreams of becoming a true pan-Asian bourse where investors can trade shares from markets across the regi

    December 18, 2014 12:00 am JST
  • Discount carriers take off in Southeast Asia

    Budget carriers are gaining profile in the global air travel industry, with market share in North America, West Europe and two other major regions now over 30%. In Southeast Asia, that figure jumped from just 3% in 2001 to over 50% in 2012. The rapi

    December 18, 2014 12:00 am JST