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  • ASEAN-Japan Innovation Network formed to create new linkages

    KUALA LUMPUR -- Private business groups from Southeast Asia and Japan sealed a new alliance on Friday in Tokyo to promote economic cross-pollination.The ASEAN Business Club, a group of top companies in Southeast Asia, signed a memorandum of cooperat

    April 7, 2017 11:55 pm JST
  • Indonesian banks tackle bad loans amid lingering doubts

    JAKARTA -- Indonesian banks are stepping up efforts to tackle bad loans amid a pickup in lending activity. But as the economy struggles to break free of years of weak commodity prices and slow growth, challenges remain.Bank Mandiri, the country's la

    April 7, 2017 09:55 pm JST
  • Nikkei Asia300 Index slips after US strikes Syria

    HONG KONG (Nikkei Markets) -- Asian stocks fell on Friday as investor nerves were rattled after the U.S. carried out a missile strike on Syria following a deadly chemical attack in the nation's rebel-held area.The Nikkei Asia300 Index slipped 0.4% o

    April 7, 2017 08:35 pm JST
  • Indonesia expresses concern over US 'unilateral' strike on Syria

    JAKARTA (Kyodo) -- Indonesia on Friday expressed concern over the "unilateral actions" by the United States in launching a missile strike on an airfield in Syria in response to a suspected chemical attack on a rebel-held area earlier this week. "Mil

    April 7, 2017 06:45 pm JST
  • ASEAN startups attracting more venture capital

    TOKYO -- Venture capital is soaring in Southeast Asia, and that bodes well for the region's startups.That was the message at the ASEAN-Japan Open Innovation Forum on Friday as speakers, ranging from the founders of startups to venture capitalists an

    April 7, 2017 06:30 pm JST
  • The internet poised to dethrone TV as ad king

    PALO ALTO, U.S. -- Television's reign as the dominant advertising medium appears near its end, as sellers increasingly reach out to consumers through mobile devices.The rise of smartphones provides a tailwind for spending on internet ads, which is e

    April 7, 2017 08:00 am JST
  • Mizuho readies fund for ASEAN's smaller businesses

    TOKYO -- Mizuho Financial Group will establish a roughly 28 billion yen ($252 million) fund as early as summer to invest in small and midsize companies operating within the Association of Southeast Asian Nations.The fund will target businesses in co

    April 7, 2017 06:00 am JST
  • Indonesia races to reform tax laws after amnesty

    JAKARTA -- Indonesia's Finance Ministry is racing against time to reform the country's tax system in order to adopt an international framework to exchange taxpayers' data with other countries next year.The Automatic Exchange of Information framework

    April 7, 2017 12:18 am JST
  • Nikkei Asia300 Index slips on Fed minutes, China-US meeting nerves

    HONG KONG (Nikkei Markets) -- Asian stocks fell Thursday amid concerns the U.S. Federal Reserve will soon consider shrinking its balance sheet, and as caution ahead of a key meeting between U.S. and Chinese presidents kept investors on the sidelines

    April 6, 2017 08:25 pm JST
  • ASEAN workers 'compromising digital security'

    SINGAPORE -- Southeast Asian workers are compromising security by using personal devices for work, making organizations in the region highly susceptible to cyber threats externally and internally, said VMware, a company specializing in cloud infrast

    April 6, 2017 08:05 pm JST
  • Asian growth seen slowing to 5.7% in 2017: ADB

    MANILA -- Asia will not grow as fast this year due to policy uncertainty in advanced economies and an outflow of capital, the Asian Development Bank said on Thursday.In its 2017 Asian Development Outlook, the Manila-based lender projects growth for

    April 6, 2017 10:30 am JST
  • Indonesia's tax amnesty program comes up short

    JAKARTA Indonesia's tax amnesty program, which came to an end on March 31, has exposed the massive scale of uncollected taxes in the country.Over the course of nine months, citizens declared at least 4,866 trillion rupiah ($365 billion) in hidden as

    April 6, 2017 10:00 am JST
  • Michael Vatikiotis: ASEAN shows its age as it turns 50

    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

    April 6, 2017 10:00 am JST
  • Hedge funds suffer money exodus

    TOKYO -- Once wielding powerful influence on global financial markets, hedge funds are losing customers as more investors shun their high fees amid poor returns.Hedge funds tracked by Eurekahedge saw fund outflows of $60.7 billion by the end of Febr

    April 6, 2017 09:00 am JST
  • Southeast Asia's new-car sales climb 13% in February

    BANGKOK -- New-car sales in six major Southeast Asian countries rose 13% on the year in February, as the region's auto market logged double-digit growth for the first time in eight months.February auto sales for the six nations hit 259,746 vehicles,

    April 5, 2017 07:25 am JST
  • Freeport Indonesia gets temporary export permit

    JAKARTA -- Indonesia's Energy and Mineral Resources Ministry on Tuesday said it has granted the local unit of U.S. miner Freeport-McMoRan a temporary permit to resume exports of copper concentrate.Freeport and the government will also continue to ne

    April 4, 2017 10:40 pm JST
  • Stephen Grenville

    Indonesian infrastructure weakness weighs on growth

    In October 2018 Indonesia will host the annual meetings of the International Monetary Fund and the World Bank in Nusa Dua, Bali. This is an important occasion: These annual meetings take place outside Washington only every third year, and involve th

    April 4, 2017 11:35 am JST
  • 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