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  • Asian companies try to shake off two years of weaker profits

    BANGKOK In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later, th

    March 9, 2017 10:00 am JST
  • CEO in the news: Salim Group's man in Manila takes a final shot at telecom glory

    MANILA Manuel V. Pangilinan, the chief executive of top Philippine telecommunications company PLDT, receives a briefing each week from what he calls the "kids" of Voyager Innovations, a unit that develops "disruptive" technologies.They update their

    March 9, 2017 10:00 am JST
  • Asian PMI readings paint a mixed picture

    TOKYO Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point from J

    March 9, 2017 10:00 am JST
  • ADB report poses $26tn question for Asia

    MANILA Back in 2009, the Asian Development Bank estimated the region would need $8 trillion worth of infrastructure investment between 2010 and 2020. Now, for the 15 years from 2016 to 2030, the bank reckons $26 trillion is in order to sustain curre

    March 9, 2017 10:00 am JST
  • Plan to tap Indonesia hajj fund for infrastructure challenged

    BANDUNG, Indonesia -- When former World Bank chief operating officer Sri Mulyani Indrawati was appointed Indonesia's finance minister in July 2016 she wasted little time making clear that the government did not have enough money to execute its ambit

    March 8, 2017 10:15 pm JST
  • Asian PMI readings paint a mixed picture

    TOKYO -- Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point fro

    March 8, 2017 05:00 pm JST
  • Southeast Asian auto sales off to smooth start in 2017

    JAKARTA -- New-automobile sales climbed 5% on the year to 249,729 vehicles in six key Southeast Asian markets this January, growing in all except Vietnam, industry figures show.Indonesia's tally rose 1% to 86,252, continuing an uptrend that began la

    March 8, 2017 11:00 am JST
  • Indian Ocean rim leaders call for closer ties amid globalization backlash

    JAKARTA -- Nations along the Indian Ocean on Tuesday agreed to strengthen economic and security cooperation to cope with mounting global uncertainty stemming in part from the rise of populism in the West.The Indian Ocean Rim Association held its fir

    March 7, 2017 10:55 pm JST
  • Bank Mandiri bets on peer-to-peer lender

    JAKARTA -- The venture capital arm of Bank Mandiri, Indonesia's largest state-owned bank by assets, on Tuesday said it has acquired a stake in peer-to-peer lending startup Amartha Mikro Fintek.Amartha Mikro develops credit-scoring technology that ev

    March 7, 2017 03:46 pm JST
  • CEO in the news

    Salim Group's Filipino confidant on final mission to revive PLDT

    MANILA -- Every week, Manuel V. Pangilinan, the chief executive of PLDT, the Philippines' largest telecommunications company, receives a briefing from what he calls the "kids" of Voyager Innovations, a unit that develops so-called "disruptive" techn

    March 4, 2017 01:00 pm JST
  • Kasikornbank offering local settlement for ASEAN currencies

    BANGKOK -- On the back of growing regional trade, Kasikornbank, Thailand's fourth-largest lender by assets, has expanded its local currency settlement services to cover all currencies of members of the Association of Southeast Asia Nations and its t

    March 2, 2017 11:53 pm JST
  • Asia braces for wave of oil and gas M&A

    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

    March 2, 2017 07:08 pm JST
  • KPPU -- Indonesia's toothless watchdog

    TOKYO -- Talk of stamping out corporate collusion and wrongdoing is nothing new in Indonesia. But cleaning up the system is pretty much impossible when relying on ineffective, and some might say compromised, antitrust authorities.On Feb. 20, the Com

    March 2, 2017 05:50 pm JST
  • Company in focus: Indonesian media giant faces challenges to its cash-cow soaps

    JAKARTA Every night, millions of Indonesians turn on their TVs to watch popular soap operas and music talent shows. At the pinnacle of this lucrative industry is Hary Tanoesoedibjo, a media mogul who has developed ties with U.S. President Donald Tru

    March 2, 2017 10:00 am JST
  • Australian, Indonesian leaders talk closer military ties, trade pact

    JAKARTA Two neighbors with a fraught relationship sought to put their fractious history behind them when Indonesian President Joko Widodo and Australian Prime Minister Malcolm Turnbull met in Sydney over the weekend of Feb. 25-26.Both countries agre

    March 2, 2017 10:00 am JST
  • Airport 'hit' strains North Korea's relationship with Southeast Asia

    KUALA LUMPUR The killing of Kim Jong Nam, the half brother of North Korean leader Kim Jong Un, is fraying Pyongyang's relationship with the Association of Southeast Asian Nations and threatening its access to the greater international community.At a

    March 2, 2017 10:00 am JST
  • Greg Priddy: Oil is nearing a new equilibrium, but don't unbuckle your seat belts

    Since the second half of 2014, the world oil market has been on a roller coaster, as the excessive oil supply has proved very persistent. Demand growth has been reasonably solid, above the recent trend line in 2015 and 2016, but an expanding supply

    March 2, 2017 10:00 am JST
  • Elizabeth Pisani: Jakarta voters reject rent-a-mob politics -- for now

    As populist politicians sweep to victory around the globe, the world's third-largest democracy, Indonesia, is bucking the trend. There, candidates who have shown they can deliver mundane things like health care and cleaner cities are running ahead o

    March 2, 2017 10:00 am JST
  • Indonesia's Antam collars first profit in 3 years

    JAKARTA -- Indonesian state-owned miner Aneka Tambang, better known as Antam, said Wednesday it earned a net profit in 2016 after two years of losses thanks to increased nickel production and higher prices.But the profit of 64 billion rupiah ($4.8 m

    March 2, 2017 02:30 am JST
  • King Salman's Southeast Asia tour brings major Aramco investments

    JAKARTA/KUALA LUMPUR -- The visit of King Salman of Saudi Arabia and his massive entourage to Southeast Asia's two largest Muslim nations reached a climax on Wednesday when he met President Joko Widodo in Jakarta days after meeting Malaysian Prime M

    March 2, 2017 02:22 am JST