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  • Indonesian watchdog names parliamentarian as suspect in corruption case

    JAKARTA (Reuters) -- Indonesia's anti-corruption agency is investigating a member of parliament for allegedly causing state losses of at least 2.3 trillion rupiah ($173 million) during the implementation of a national electronic identity card, it sa

    July 18, 2017 12:50 pm JST
  • FT Confidential Research

    Caution required on Indonesia's plan for Batam

    Expectations of resurgent growth in Indonesia's Riau Islands province, stemming from plans to shift its designation from a free-trade zone (FTZ) to a special economic zone (SEZ) should be tempered, at least in the near term. Legal and regulatory iss

    July 18, 2017 11:00 am JST
  • Yamaha to build big engines for motorcycles, ATVs in Indonesia

    TOKYO -- Yamaha Motor is repurposing idle capacity at Indonesian production facilities to churn out large engines for motorcycles and all-terrain vehicles.The Japanese company plans to invest billions of yen, or tens of millions of dollars, between

    July 15, 2017 03:46 am JST
  • Philippines, Pakistan help motorcycle makers avoid the skids

    TOKYO/MANILA -- The Philippines and Pakistan have become bright spots in Asia's motorcycle market, helping to offset slowdowns in other key countries.Despite a population of 100 million, the Philippines' motorbike market is less than half that of Vi

    July 14, 2017 02:15 pm JST
  • IMF: ASEAN incentives risk 'race to the bottom' on tax revenue

    JAKARTA -- Competition among Southeast Asian countries to attract foreign investment through tax exemptions and incentives has proven "damaging" to their national revenues, the International Monetary Fund says.Sluggish global growth and this investm

    July 14, 2017 10:58 am JST
  • US viewed as world economic leader, but gap with China narrows

    NEW YORK -- While the U.S. can still tout a reputation as the world's premier economic power this year, its lead over China is far from solid as key partners and allies see the center of gravity shifting eastward, a Pew Research Center report releas

    July 14, 2017 06:11 am JST
  • New rules for civic groups in Indonesia draw activist ire

    JAKARTA -- New rules seen as aimed at clamping down on Islamist groups in Indonesia are drawing strong opposition from rights activists and some Muslim organizations, some of whom accuse the government of Joko Widodo of authoritarian tendencies.The

    July 13, 2017 07:59 pm JST
  • Andy Yee

    Blockchain can lift Asian trade over gaps in trust

    Much discussion has centered on the use of blockchain, the technology that underlies the digital currency bitcoin, as a tool to improve transparency and efficiency in financial services. Its greatest potential however lies in the provision of a crit

    July 13, 2017 12:00 pm JST
  • Gianfranco Casati: Digital readiness can make all the difference for emerging Asia

    Forecasting the success or failure of emerging markets is a tricky game. Attempts have seen the creation of acronyms like BRICs and MINTs, and such markets have been the source of dreams dating back to Marco Polo. For every index that suggests renew

    July 13, 2017 10:00 am JST
  • Joseph Chinyong Liow

    Southeast Asia views Trump administration with unease

    Since the withdrawal of U.S. forces from Vietnam in 1973, the tendency among American foreign policy decision makers has been to pay relatively little attention to Southeast Asia compared to other regions, with the exception of counter-terrorism sin

    July 13, 2017 09:00 am JST
  • FT Confidential Research

    Asean-5 survey shows little faith in political leaders

    Citizens across the Asean region see little cause for confidence in their governments, according to FTCR's Asean Political Sentiment Indices for the second quarter of this year.The index fell in three of the five countries surveyed, with only the Ph

    July 13, 2017 09:00 am JST
  • Bank Mandiri invests in cashless payment startup

    JAKARTA -- The venture capital unit of Indonesia's largest lender by assets, Bank Mandiri, on Wednesday said it is leading a $2 million funding round for local financial technology startup Cashlez, which claims to offer a portable, more user-friendl

    July 13, 2017 02:16 am JST
  • FT Confidential Research

    Shine comes off Asean consumer confidence

    Political risk in Thailand and inflation concerns in Indonesia contributed to a fall in the FTCR Asean Economic Sentiment Index to 59.3 in the second quarter, from 61.9 in the first. Those worries and a dip in confidence in the Philippines were enou

    July 11, 2017 11:00 am JST
  • Growth prospects steady in Asian economies as Trump risk recedes

    Economists predict steady growth will continue in major Southeast Asian countries and India for 2017 and beyond, keeping their forecasts near the same levels as in the previous survey conducted three months ago. Concerns over protectionism and other

    July 11, 2017 07:00 am JST
  • Business services sector leads Asian growth in June PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for June showed output growth in 15 of the 19 sectors monitored.Commercial & professional services (55.8) marked the sharpest growth, followed by beverages & food (55.0) and insuran

    July 10, 2017 09:30 am JST
  • Indonesia -- Mitsubishi Corp.'s second 'homeland'

    BEKASI REGENCY, Indonesia -- Japan's Mitsubishi Corp. has come up with a business model to sidestep the country's shrinking population -- export Japanese consumption habits to Indonesia.The trading company has asked Japanese food and daily goods mak

    July 8, 2017 01:09 pm JST
  • Two Southeast Asian exhibitions open in Tokyo

    TOKYO -- Two groundbreaking exhibitions of Southeast Asian art opened in the Japanese capital in early July. One tells the story of the immense changes the region has experienced over the past few decades; the other focuses on Thailand's long histor

    July 8, 2017 10:00 am JST
  • Stylish Muslim shoppers give clothiers way into Southeast Asia

    SINGAPORE/ISTANBUL/KUALA LUMPUR -- Clothing companies from the Middle East and elsewhere have begun catering to Southeast Asia's sizable Muslim population with affordable and fashionable takes on traditional garments, betting on rapidly rising deman

    July 8, 2017 05:05 am JST
  • TPP 11 to discuss writing US out of trade pact

    TOKYO -- Representatives of the 11 countries trying to salvage the Trans-Pacific Partnership trade and investment agreement will meet in Japan next week to discuss in depth for the first time how to proceed without America.The negotiators will gathe

    July 8, 2017 05:01 am JST
  • Japan's Daiwa House to build first residential project in Jakarta

    OSAKA -- Daiwa House Industry will participate in a development project in a suburb of Jakarta, the Japanese homebuilder announced Friday, joining with local developers to erect a roughly 5,000-unit, mixed-use condomedium complex.The project is expe

    July 8, 2017 02:06 am JST