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  • CP Indonesia lands local 7-Eleven operator for $75m

    JAKARTA -- Charoen Pokphand Indonesia, an affiliate of Thai conglomerate Charoen Pokphand Group, has struck a 1 trillion rupiah ($75 million) deal to acquire the operator of 7-Eleven convenience stores in Indonesia, aiming to shore up the struggling

    April 21, 2017 10:38 pm JST
  • Malaysian palm oil price sinks to 8-month low

    TOKYO/HONG KONG -- An expectation of rising palm oil production has pushed down the price of the commodity to an eight-month low. As favorable weather conditions in major export countries are anticipated to continue, analysts foresee that the downwa

    April 21, 2017 07:40 pm JST
  • G-20 reaffirms commitment on orderly currency movements

    WASHINGTON (Kyodo) -- Finance chiefs from the Group of 20 major economies on Thursday reaffirmed a G-20 commitment to orderly currency movements as a way to promote world economic growth and ensure stability in financial markets, according to Japane

    April 21, 2017 03:02 pm JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some prob

    April 21, 2017 12:00 pm JST
  • Foreign ministers of US, ASEAN to meet in May

    WASHINGTON -- The U.S. Department of State on Thursday said Secretary of State Rex Tillerson will chair a meeting with his counterparts from the Association of Southeast Asian Nations, to be held on May 4 in the U.S. capital.The foreign ministers wi

    April 21, 2017 10:30 am JST
  • Earnings preview

    Truck maker Hino seen with smaller dent in profit

    TOKYO -- Japanese truck maker Hino Motors likely beat its operating profit forecast in the year ended March 31, thanks to a recovery in key foreign market Indonesia and strong sales back home.Group operating profit is seen topping 70 billion yen ($6

    April 21, 2017 02:00 am JST
  • Prosecutors seek probation for Jakarta's fallen governor

    JAKARTA -- Indonesian prosecutors on Thursday recommended two years of probation for Basuki Tjahaja Purnama, the outgoing Jakarta governor accused of blasphemy against Islam. Purnama, an ethnic-Chinese Christian known by the nickname Ahok, should fa

    April 20, 2017 08:37 pm JST
  • Pence, Widodo vow to step up security cooperation

    JAKARTA -- U.S. Vice President Mike Pence met with Indonesian President Joko Widodo in Jakarta on Thursday, reaffirming Washington's commitment to work with Indonesia to combat terrorism and other threats. At a news conference following the meeting

    April 20, 2017 04:56 pm JST
  • Indonesia's Astra International Q1 net profit up 63% on year

    JAKARTA -- Astra International, Indonesia's largest publicly listed conglomerate, on Thursday said its net profit jumped 63% on the year to 5.08 trillion rupiah ($381 million) in the first three months of 2017, thanks to strong car sales and a recov

    April 20, 2017 03:37 pm JST
  • Asian startups step out of Silicon Valley's shadow

    TOKYO/JAKARTA -- Nur Dwi Sasi's daily commute to her workplace in South Jakarta used to be a daunting task. The 47-year-old office worker had to walk in the scorching heat to catch a jam-packed minibus before changing to another, equally crowded bus

    April 20, 2017 12:00 pm JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some problem

    April 20, 2017 10:00 am JST
  • Asian startups step out of Silicon Valley's shadow

    TOKYO/JAKARTA Nur Dwi Sasi's daily commute to her workplace in South Jakarta used to be a daunting task. The 47-year-old office worker had to walk in the scorching heat to catch a jam-packed minibus before changing to another, equally crowded bus. T

    April 20, 2017 10:00 am JST
  • Southeast Asia shrugs off the 1997 financial crisis

    TOKYO The 1997 financial crisis that slammed Asia took its toll on Southeast Asian nations. Since weathering the storm, they now appear in good shape as regards development. But work remains to be done.That's the prognosis from a prominent group of

    April 20, 2017 10:00 am JST
  • Tokyo tech startup raises $6m for rickshaw loan service in SE Asia

    TOKYO -- Eight Japanese companies including autoparts maker Denso and trading house Sumitomo Corp. will invest a total of 700 million yen ($6.43 million) in a tech startup with a unique model for leasing auto rickshaw taxis and other equipment in So

    April 20, 2017 05:20 am JST
  • Ex-education chief Baswedan wins Jakarta gubernatorial election

    JAKARTA -- Former Education Minister Anies Baswedan won the runoff election for Jakarta's governor on Wednesday, according to independent pollsters showing a comfortable lead over incumbent Governor Basuki Tjahaja Purnama.Purnama, popularly known as

    April 19, 2017 09:40 pm JST
  • Searight and Shearer

    Pence shows why Southeast Asia counts, for US and the world

    While the potential for crisis on the Korean Peninsula is dominating the first visit to Asia by U.S. Vice President Mike Pence, his stop in Jakarta on Wednesday is also important for America's long-term interests in the region as a whole. The visit

    April 19, 2017 08:20 pm JST
  • Indonesia media tycoons in legal drama over soap opera deal

    JAKARTA -- The heated battle for dominance in Indonesia's television market has grown even hotter, with two tycoons locked in a legal wrangle that could have consequences that reach beyond their core media businesses.Rajawali Citra Televisi Indonesi

    April 18, 2017 09:17 pm JST
  • Christian governor, former minister in tight race in Jakarta election

    JAKARTA -- The runoff election for governor of Jakarta will take place on Wednesday, and it should mark the end of a tumultuous campaign that has led to a rise in religious tension in the world's largest Muslim-majority nation.Former Education Minis

    April 18, 2017 06:44 pm JST
  • Southeast Asian capitals bristle at Trump's trade probe

    SINGAPORE -- The Trump administration's order to probe U.S. trading partners for unfair practices has provoked outrage in the Southeast Asian nations under scrutiny, and threatens to deepen a divide that leaves the region more exposed to Chinese inf

    April 18, 2017 02:00 am JST
  • Asian palm oil producers slam EU moves to restrict market access

    JAKARTA -- Indonesia and Malaysia, which produce more than 80% of the world's palm oil, are resisting proposals by European parliamentarians that could limit their access to the second biggest palm oil market after India.Government ministers from Ma

    April 17, 2017 07:00 am JST