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  • Garuda Indonesia keeps expanding despite 89% profit slide

    JAKARTA -- Indonesian flag carrier Garuda Indonesia will continue expanding despite a lackluster performance last year during which profit dropped by 89%, President Arif Wibowo said on Wednesday.Garuda posted $8.1 million in net income in 2016, from

    March 23, 2017 12:00 am JST
  • The king gives Saudi Arabia's reform push a helping hand

    TOKYO -- In his monthlong tour of Asia, Saudi Arabian King Salman bin Abdulaziz succeeded in drumming up significant support for "Vision 2030," the road map for reforming the kingdom's economy and ending its dependence on oil exports by the year 203

    March 22, 2017 07:20 pm JST
  • North Korean businesses abroad struggle amid backlash

    JAKARTA -- North Korean businesses in Southeast Asia are suffering as people and governments sour on the country, with eateries closing and laborers facing deportation amid acrimony stemming from the killing of leader Kim Jong Un's half brother.Unit

    March 22, 2017 03:30 am JST
  • Interpol issues red notices for Sinopec executives

    JAKARTA (Reuters) -- Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal developme

    March 21, 2017 01:42 pm JST
  • Indonesia's Siloam plans to double number of hospitals

    JAKARTA -- Indonesia's Siloam International Hospitals aims to double the number of its hospitals to 50 by 2019.The country's largest hospital operator expects to expand into remote areas, including the island of New Guinea, now that a universal heal

    March 21, 2017 12:00 pm JST
  • Former resistance fighters vie for presidency in East Timor

    DILI (Reuters) -- People began voting in East Timor on Monday in a presidential election, with the two main parties backing former independence fighters for the largely ceremonial post as Asia's youngest democracy struggles to combat poverty and chr

    March 20, 2017 05:21 pm JST
  • Indonesia's indigenous voices turn on Widodo

    TANGUNG GUSTA, Indonesia -- The image of Indonesian President Joko Widodo still gazes out from billboards along the dirt road that leads from the North Sumatran capital of Medan to Tanjung Gusta. On a recent weekend the town -- a scrappy suburb to t

    March 20, 2017 04:10 pm JST
  • East Timor to elect new president as oil revenues rapidly run dry

    East Timorese flocked to political rallies on the final day of campaigning ahead of Monday's presidential election, as Asia's youngest democracy grapples with persistent poverty and corruption at a time when oil revenues are rapidly running dry.This

    March 19, 2017 12:18 pm JST
  • 'Invisible' Indonesians nudged to get birth certificates

    JAKARTA -- By official accounts, Noni Damanik does not exist. She is one of about 75 million Indonesians who do not hold birth certificates, but has managed for 27 years by paying small bribes whenever official documentation has been needed, includi

    March 19, 2017 07:00 am JST
  • Company in focus

    Malaysia's Sime Darby splits up palm oil kingdom to raise equity value

    KUALA LUMPUR -- Sime Darby, the world's largest plantation and palm oil producer, plans to split into three separate listed entities to promote future growth. The listing of plantation division, the core business of the Malaysian state-owned conglom

    March 18, 2017 03:00 pm JST
  • Indonesian stocks hit record high

    JAKARTA -- Indonesia's benchmark stock index on Friday closed at an all-time high for the first time in nearly two years, driven by a return in foreign investor appetite, as uncertainty about fiscal and monetary policies in the U.S. fades.The Jakart

    March 17, 2017 09:52 pm JST
  • Saudis sharpen Asian focus with $65bn China partnership

    DUBAI/BEIJING -- Saudi Arabia and China have inked $65 billion worth of deals and agreed to bolster security ties as the Middle Eastern kingdom scans Asia for partners to support an economic overhaul.Saudi King Salman met with Chinese President Xi J

    March 17, 2017 05:00 am JST
  • Power struggle at Pertamina bodes ill for Widodo's reforms

    JAKARTA -- Indonesia's Pertamina has picked an industry insider as its new chief despite President Joko Widodo's push for an outside appointee, raising doubts about the effectiveness of his campaign to reform the country's state-run enterprises and

    March 17, 2017 03:40 am JST
  • Jakarta braces for political turmoil from massive corruption case

    JAKARTA -- Indonesia's Corruption Eradication Commission is girding itself for a significant backlash after a case that could implicate dozens of lawmakers and senior officials went to court last week.The case follows years of investigation by the a

    March 17, 2017 02:20 am JST
  • Australia's Bishop gives sermon to ASEAN on diplomacy

    MANILA -- Julie Bishop, the Australian foreign minister, called on the Association of Southeast Asian Nations on Thursday to heed a landmark arbitration court decision last year when a fresh code of conduct to handle territorial disputes in the Sout

    March 16, 2017 11:22 pm JST
  • Pertamina appoints new CEO

    JAKARTA -- Pertamina on Thursday appointed Elia Massa Manik, the former head of state-owned plantation company Perkebunan Nusantara III, as its new CEO, ending more than a month of speculation following the sudden dismissal of the former chief of In

    March 16, 2017 05:25 pm JST
  • Jakarta takes steps toward haze-free Southeast Asia

    JAKARTA -- Malaysia's environment minister is sure that 2017 will not see a repeat of the choking, eye-watering smog that covered parts of his country, as well as Singapore and areas in Indonesia, for around two months in 2015."We are very likely to

    March 16, 2017 05:00 pm JST
  • Asia braces for an energy M&A bonanza

    DENPASAR, Indonesia Merger and acquisition activity in Asia's energy sector will accelerate this year as crude oil prices stabilize and major Western oil producers seek to divest assets in the region, analysts say.Royal Dutch Shell announced plans i

    March 16, 2017 10:00 am JST
  • Remote 'off' switch to help Southeast Asians get car loans

    TOKYO Getting a car means freedom to get around, and for many, freedom to earn a better living. Getting a loan to buy one, however, is not always that easy, particularly in emerging economies.Disabling a vehicle's engine might not seem like the most

    March 16, 2017 10:00 am JST
  • Lazada Indonesia aligns business model with Alibaba

    JAKARTA -- The Indonesian unit of Lazada said it plans to focus on adding small merchants to its online marketplace, emulating the strategy of Alibaba Group Holding, the Chinese e-commerce company that acquired it last year.Florian Holm, Lazada Indo

    March 16, 2017 12:05 am JST