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  • Indonesia's top banks see non-performing loans grow

    JAKARTA -- Despite posting double digit profit growth, Indonesia's biggest banks are beginning to feel the effects of an economic slowdown after non-performing loans increased in the first half of this year. Indonesia's three biggest banks by as

    July 25, 2014 09:37 pm JST
  • Despite weak car sales, Astra's profit jumps

    JAKARTA -- Astra International posted double-digit profit growth for the first half of this year, helped by recoveries at its commodity-related subsidiaries that covered up for weak car sales. The Indonesian conglomerate on Thursday said its net

    July 25, 2014 03:00 pm JST
  • Poor infrastructure, protectionism threaten Indonesia's growth

    JAKARTA -- Indonesia's poor infrastructure is casting a dark shadow over the economic future of this fast-growing Southeast Asian country. The development of Indonesia's infrastructure has failed to match the pace of its economic growth in recen

    July 25, 2014 01:00 pm JST
  • Indonesia rupiah could falter ahead of week-long break

    JAKARTA (Dow Jones) -- The rupiah could weaken significantly as the market trims positions ahead of the week-long holiday ahead. The rise of the U.S. dollar overnight could act as a trigger for USD/IDR to rally toward the daily Ichimoku Cloud resi

    July 25, 2014 11:06 am JST
  • Widodo to lead Indonesia amid expectations of ending elite control

    JAKARTA -- Indonesia has chosen a new leader both in name and substance for the first time in 10 years. Jakarta Governor Joko Widodo, popularly known as Jokowi, will lead Indonesia as its new president as he faces the challenge of uniting t

    July 24, 2014 07:00 pm JST
  • Indonesian election outcome stokes fears over protectionism

    TOKYO -- Hopes are high that Indonesia's incoming President Joko Widodo will give the sluggish economy a kick by proving true to his reputation as a reformer tough on corruption. But the 53-year-old struck a decidedly protectionist tone on the campa

    July 24, 2014 04:45 am JST
  • Political concerns cap election bounce on Indonesian bourse

    JAKARTA -- Indonesian share prices rose slightly Wednesday, the day after the capital's popular governor was declared the country's next president following a vote this month. Election commissioners said Joko Widodo received 53.15% of the vote.

    July 24, 2014 01:57 am JST
  • Japan developing rain forest evaluation system

    TOKYO -- Japanese researchers are developing a system to help Southeast Asian countries protect biological diversity in tropical rain forests. The Environment Ministry and Kyoto University plan to develop a low-cost, satellite-based system to as

    July 24, 2014 12:00 am JST
  • Widodo declared Indonesian election winner

    JAKARTA -- Joko Widodo, 53, was declared the winner of Indonesia's presidential election on the evening of July 22, after a day of high drama that saw rival candidate Prabowo Subianto, 62, reject the counting process, alleging he had been cheated of

    July 24, 2014 12:00 am JST
  • Margaret Scott: Indonesia will entrench vibrant democracy

    The defiant loser Prabowo Subianto's last-minute repudiation of the results may trigger a legal dispute that could complicate the aftermath. Regardless, Subianto's rejectionism cannot alter the global significance of the message delivered by voters

    July 24, 2014 12:00 am JST
  • Elizabeth Pisani: Widodo's challenge, letting Indonesia's districts rule

    In late 2011, I found myself hanging over the edge of a cargo ship off the coast of the eastern Indonesian island of Liran, helping to haul an old woman aboard. Wobbling about on the deck of a small fishing boat beneath her was her daughter, pushing

    July 24, 2014 12:00 am JST
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • Rich-poor divide threatens Asia's political stability

    BANGKOK -- Political tumult continues in South and Southeast Asia and shows few signs of drawing to a close. Thailand, for example, is riven by policy and leadership disputes, particularly between the country's increasingly prosperous middle- an

    July 23, 2014 07:00 pm JST
  • Indonesia's 2 big convenience store chains adding more links

    JAKARTA -- Indonesia's convenience store market is dominated by two chains: Indomaret and Alfamart. Both are adding stores. They are also ramping up efforts to bring in more customers, encourage them to linger longer, and keep them coming back.

    July 23, 2014 07:00 pm JST
  • Indonesian shares hit year high on Widodo's win

    JAKARTA -- Indonesian shares touched a year high Wednesday after election officials announced Jakarta Gov. Joko "Jokowi" Widodo had won the country's presidential election. The benchmark Jakarta Composite Index opened slightly up at 5,104.83 point

    July 23, 2014 12:11 pm JST
  • Win for Widodo will entrench vibrant Indonesian democracy

    Joko Widodo, the popular governor of Jakarta, was confirmed on Tuesday night as the winner of Indonesia's momentous presidential election, although the defiant loser Prabowo Subianto's last-minute repudiation of the results may trigger a legal dispu

    July 23, 2014 03:39 am JST
  • Widodo declared Indonesia's new president

    JAKARTA -- Joko Widodo was declared the winner of Indonesia's presidential election on Tuesday evening, after a day of high drama that saw rival candidate Prabowo Subianto reject the counting process, alleging he had been cheated of victory. Wid

    July 23, 2014 03:05 am JST
  • Indonesia's next president in touch with common roots

    JAKARTA -- Indonesian President-elect Joko Widodo, affectionately known as "Jokowi," comes from humble beginnings. Widodo, 53, was born in Solo, Java. He has firsthand experience with the woes of the common people, having been evicted from a hom

    July 23, 2014 02:59 am JST
  • Joko Widodo is Indonesia's new president

    JAKARTA -- Indonesian election officials have declared Joko Widodo, Jakarta's popular governor, president of the world's fourth most populous country. Widodo will be Indonesia's fifth president since the fall of President Suharto 16 years ago af

    July 23, 2014 12:12 am JST
  • Widodo officially confirmed winner of Indonesia presidential election

    JAKARTA (Kyodo) -- Popular Jakarta Gov. Joko "Jokowi" Widodo was officially confirmed the winner of the July 9 presidential race on Tuesday shortly after his opponent Prabowo Subianto condemned the election as fraudulent, undemocratic and unconstitu

    July 22, 2014 08:47 pm JST