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  • Global debt hits $215tn in 2016, led by emerging markets -- IIF

    Global debt rose to 325 percent of the world's gross domestic product in 2016, totalling $215 trillion, an Institute for International Finance report released on Monday showed, boosted by the rapid growth of issuance in emerging markets.Global debt

    April 4, 2017 09:14 am JST
  • Grab to acquire Indonesian online payment startup Kudo

    SINGAPORE/JAKARTA -- Singapore-based ride-hailing app operator Grab announced on Monday it has agreed to acquire Kudo, an Indonesian online-to-offline payment company, for an undisclosed amount.The deal marks the first deal in Grab's recently announ

    April 3, 2017 07:48 pm JST
  • Indonesia's PMI rises to 50.5 in March

    TOKYO -- The Nikkei Indonesia Manufacturing Purchasing Managers' Index, or PMI, rose to 50.5 in March from 49.3 in February.A reading above 50 indicates economic expansion, while one below 50 points toward contraction.Indonesia's manufacturing econo

    April 3, 2017 09:30 am JST
  • ASEAN PMI rises to 50.9 in March

    TOKYO -- The Nikkei ASEAN Manufacturing Purchasing Managers' Index, or PMI, rose to 50.9 in March from 50.3 in February. All ASEAN economies except Malaysia recorded growth across their manufacturing sectors. A reading above 50 indicates economic ex

    April 3, 2017 09:30 am JST
  • Asian Muslims cast a wary eye on Trump's travel ban

    JAKARTA/KUALA LUMPUR -- When Annisa Rochadiat made a recent trip to Japan, she was worried about whether she would be able to re-enter the U.S. The Indonesian national has been living in Detroit for the past few years, and this was the first time sh

    April 2, 2017 02:00 pm JST
  • Nisshin Oillio to begin chocolate production in Indonesia

    TOKYO -- Indonesia's growing middle class and its fondness for Western food has prompted Japanese food company Nisshin Oillio Group to start producing chocolate in the country.Daito Cacao, a unit of Nisshin Oillio, embarked on a joint venture in Feb

    April 1, 2017 03:00 pm JST
  • Indonesia's tax amnesty fails to bring money home

    JAKARTA -- Indonesia's tax amnesty, which came to an end Friday, has exposed the massive scale of uncollected tax from its citizens, who declared at least 4,866 trillion rupiah ($365 billion) in hidden assets during the nine-month program. But the t

    April 1, 2017 12:00 pm JST
  • Indian Ocean economic bloc plagued by uncertainty

    JAKARTA -- The first leaders' meeting of the Indian Ocean Rim Association was held earlier this month in Jakarta. The regional alliance, comprising 21 member states along the edge of the Indian Ocean, was expected to make the most of the opportunity

    March 31, 2017 01:00 pm JST
  • Indonesia struggles to implement car-hailing regulations

    JAKARTA -- Controversial new rules for online transportation operators can only be implemented gradually, the Indonesian transportation minister said on Thursday, giving some relief to ride-hailing apps like Uber and Grab.The new regulations set max

    March 31, 2017 01:30 am JST
  • Asian Muslims cast a wary eye on Trump's travel ban

    JAKARTA/KUALA LUMPUR When Annisa Rochadiat made a recent trip to Japan, she was worried about whether she would be able to re-enter the U.S. The Indonesian national has been living in Detroit for the past few years, and this was the first time she h

    March 30, 2017 10:00 am JST
  • Southeast Asia clamping down on North Korean businesses

    JAKARTA/SINGAPORE -- North Korea is facing significant setbacks in its efforts to earn foreign currency, as the murder of the estranged half brother of leader Kim Jong Un in Malaysia has dramatically soured Pyongyang's relations with Southeast Asia,

    March 30, 2017 09:00 am JST
  • Price spikes feared as Asian oil production drops

    SINGAPORE -- A global focus on rising oil output in the U.S. has overshadowed an important trend elsewhere in the market. Falling oil production in Asia is forecast to accelerate as major fields dry up, which will stiffen demand for foreign barrels

    March 29, 2017 07:40 pm JST
  • Microinsurance closes gaps in social safety nets

    TOKYO "I was very worried [about the hospital bill] because my father was in [intensive care] for a long time," said Sheryl Tan, recalling the two painful months leading up to her father's death last year. "So I was relieved when I heard that Medi

    March 26, 2017 04:30 pm JST
  • Insurers help to pay for Asia's infrastructure needs

    BANGKOK -- A recent $150 million refurbishment of two decades-old geothermal power plants on the Philippine island of Luzon may sound like just another project aimed at overcoming the country's severe electricity shortages. But, for Asia's insurance

    March 26, 2017 01:40 am JST
  • Nikkei Asia300 Index gains on week even as Trump jitters weigh

    HONG KONG (NewsRise) -- Asian stocks managed modest gains this week, helped by advances in heavyweights after earnings, even as uncertainty about U.S. President Donald Trump's economic policies dampened sentiment.The Nikkei Asia300 Index edged 0.02%

    March 24, 2017 10:35 pm JST
  • Indofood profit up 40% in 2016

    JAKARTA -- Indofood Sukses Makmur on Friday said net profit for 2016 increased 40% from a year earlier to 4.1 trillion rupiah ($307 million), thanks to lower raw materials prices.The big Indonesian food-maker, however, warned of rising prices ahead.

    March 24, 2017 04:48 pm JST
  • Nikkei Asia300 Index little changed as Trump caution weighs

    HONG KONG (NewsRise) -- Asian stocks were little changed Thursday despite a rebound on Wall Street as markets remained cautious about U.S. President Donald Trump's ability to pass major economic reforms.The Nikkei Asia300 Index was 0.01% higher at 1

    March 23, 2017 09:52 pm JST
  • Michael Vatikiotis

    ASEAN at 50: Uncertain times call for smart diplomacy

    As the Association of Southeast Asian Nations celebrates its 50th anniversary, the complexity of the internal and external environment is severely testing its approach to cooperative security that rests, above all, on preserving the sovereignty of e

    March 23, 2017 09:40 pm JST
  • Indonesian bourse launches startup incubator

    JAKARTA -- The Indonesia Stock Exchange on Thursday launched a startup incubator that is already trying to point young companies toward initial public offerings.To get the ball rolling, the incubator is giving 24 startups shared working space in Jak

    March 23, 2017 04:45 pm JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 12:00 pm JST