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  • Averting competition with FamilyMart

    Circle K Sunkus sheds foreign stores amid merger talks

    TOKYO -- Minimart operator Circle K Sunkus has left the overseas market by dissolving the partnership with its U.S. counterpart. Circle K Sunkus created a 50-50 joint venture with Arizona-based Circle K Stores in 2013 called Circle K Asia, a bra

    July 31, 2015 02:00 am JST
  • Astra International

    Weak rupiah, stiff competition hurt first half

    JAKARTA --Astra International, one of Indonesia's largest conglomerates, said on July 30 that first-half profits fell 18% to 8.05 trillion rupiah ($560 million) because of weak car sales and lower commodity prices. Astra revenue fell 9% to 92.5 tril

    July 30, 2015 10:52 pm JST
  • Garuda Indonesia

    Fuel windfall, new strategies key to turnaround

    JAKARTA -- Garuda Indonesia produced a net profit of $28 million in the first half of 2015, benefiting from reduced fuel costs and other savings after a $203-million loss in the same period last year. Garuda sustained a $373-million loss fo

    July 30, 2015 03:00 am JST
  • Traffic-heavy Jakarta becomes a taxi battleground

    JAKARTA -- Go-Jek motorcycle drivers have appeared in central Jakarta over the past half year, wearing green helmets and with people on their back seats. They work for a service that hails the city's ojek motorcycle taxis via smartphone. Go-Jek'

    July 30, 2015 12:00 am JST
  • Motorcycle taxis are just the beiginning

    JAKARTA -- Go-Jek, a smartphone app that hails ojek motorcycle taxis has been a sensation in Indonesia's capital since its January launch. It is popular enough to have traditional taxi companies ready for serious competition. Go-Jek Indonesia CEO Na

    July 30, 2015 12:00 am JST
  • Kazumi Nishikawa: Why Asian business must lead regional integration

    Economic integration in Asia, particularly within the countries of the Association of Southeast Asian Nations, is progressing well, thanks to increased supply-chain links, as well as government-led initiatives such as the ASEAN Economic Community. H

    July 30, 2015 12:00 am JST
  • China's growth to slow to 4.1% by 2025: Tokyo think tank

    TOKYO -- China's growth rate could fall to 4.1% by 2025, according to new projections by the Japan Center for Economic Research. The downtrend will put a drag on four major Southeast Asian economies. This is the first time the Tokyo-based think

    July 30, 2015 12:00 am JST
  • Thitinan Pongsudhirak

    Greek drama presents moral lesson for developing Asia

    The Greek crisis highlights the emerging reality that established international institutions and power structures dating back to the second half of the 20th century are no longer capable of dealing with global demands and expectations. For Asia, thi

    July 29, 2015 01:00 pm JST
  • George Magnus

    TPP can help but not transform Asia's trade funk

    It has become almost an annual ritual for the International Monetary Fund to lower its projections for economic growth in emerging countries, including those in Asia, still the most dynamic part of the emerging universe. A key factor in recent downg

    July 29, 2015 11:45 am JST
  • China worries

    Greenback gains ground as flight from emerging markets quickens

    TOKYO -- The renewed sell-off in Chinese equities has hastened an investor retreat from emerging markets and resource-rich nations, sending some of their currencies to their lowest in more than a decade. Meanwhile, this flight to safety has push

    July 29, 2015 04:00 am JST
  • Global Mediacom

    Tough times for pay TV

    JAKARTA -- Indonesia's largest media group, Global Mediacom, is restructuring its subsidiaries to improve management in the face of stiffening competition in the pay TV industry. The company said on July 27 that it is establishing a new subsidia

    July 29, 2015 12:20 am JST
  • Cameron in Asia

    Britain seeks far-flung business opportunities

    JAKARTA -- In his first major foreign visit since retaining power in the May 2015 elections, British Prime Minister David Cameron brought over 30 heads of business to Indonesia, the world's fourth biggest market by population, to seek investment dea

    July 28, 2015 09:30 pm JST
  • Daniel Wu

    TPP progress could reinvigorate Asian togetherness

    Signs that the Trans-Pacific Partnership talks could advance to an agreement in principle by the end of the year might give new life to negotiations for an alternative regional free-trade pact. In particular, Indonesia has shown new keenness to

    July 28, 2015 05:45 pm JST
  • Nicholas Spiro

    Southeast Asia slowdown tests investors' will

    Singapore's economy has practically ground to a halt. As recently as the second half of 2014, it grew 3.75%. But a flash estimate for second-quarter gross domestic product showed the economy contracted 4.6% from the previous quarter, much worse than

    July 28, 2015 01:00 pm JST
  • Nouriel Roubini

    Alpha, beta, and beyond

    NEW YORK -- Even in normal times, individual and institutional investors alike have a hard time figuring out where to invest and in what. Should one invest more in advanced or emerging economies? And which ones? How does one decide when, and in what

    July 28, 2015 10:30 am JST
  • Using resources wisely

    Mitsubishi's US plant sale shows limits for midtier carmakers

    TOKYO -- Mitsubishi Motors' plan to sell its U.S. plant illustrates a trend among midtier Japanese automakers to narrow their focus geographically and by the types of vehicles they produce. The company said Monday it intends to sell its Illinois

    July 28, 2015 02:12 am JST
  • U.S. upgrades Malaysia, Cuba in trafficking report

    WASHINGTON (Reuters) -- The United States upgraded Malaysia in an annual report on human trafficking on Monday despite calls by human rights groups and nearly 180 U.S. lawmakers to keep the Southeast Asian country on a list of worst offenders in fai

    July 27, 2015 10:20 pm JST
  • Merrill Lynch survey

    CFOs in Asia more optimistic this year

    SHANGHAI -- Chief financial officers at major companies in Asia are feeling better about their earnings prospects this year, thanks in part to lower prices of crude oil, according to a survey by Bank of America Merrill Lynch. The survey found th

    July 27, 2015 07:00 pm JST
  • Nikkei PMI

    'Problems ahead' for South Korea, Taiwan: Markit economist

    LONDON -- The numbers coming out of a manufacturing-specific purchasing managers' index published by Nikkei paint a troubling picture for South Korea and Taiwan, while they show Vietnam to be a country on the rise. The manufacturing PMI can serv

    July 27, 2015 01:30 am JST
  • Lippo Group

    Raising capital for Cinemaxx

    JAKARTA -- Lippo Group is gearing up for an initial public offering for Cinemaxx Global Pasifik, its cinema chain, as the Indonesian conglomerate continues expanding its consumer businesses. On Thursday, Lippo said it has appointed investme

    July 24, 2015 09:45 pm JST