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  • PanaHome to kick off Indonesian housing business

    JAKARTA -- PanaHome will launch an Indonesian residential business on the outskirts of Jakarta, the Japanese developer said Tuesday, seeking to take advantage of growing housing demand in the Southeast Asian nation.PanaHome will build and sell detac

    May 31, 2017 02:30 am JST
  • Indonesia's Salim Group re-enters banking with local takeover

    JAKARTA -- Indonesia's largest conglomerate, Salim Group, has acquired a majority stake in a local bank, marking its first return to the banking business since the 1998 Asian financial crisis.Through various affiliated entities, the group bought at

    May 30, 2017 08:43 pm JST
  • Coffee pods vie to tempt Southeast Asia's drinkers

    JAKARTA -- Southeast Asia hosts some of the world's leading coffee growers and exporters, such as Indonesia and Vietnam, the world's fourth- and second-biggest producers respectively.Neighbors such as East Timor, Laos, Myanmar, the Philippines and T

    May 28, 2017 12:46 pm JST
  • Indonesia's 'pro-Apple' local content rule irks smartphone rivals

    JAKARTA -- Another sudden regulatory change in Indonesia is baffling foreign companies, this time over the mandatory use of local components in fourth-generation smartphones sold domestically.In 2015, the government said that all 4G phones sold in t

    May 28, 2017 09:00 am JST
  • Racing to prop up Asia's sinking cities

    JAKARTA -- Vast sections of Southeast Asia's cities could sink below sea level in the coming decades as residents draw up groundwater faster than it can be replenished, leaving governments scrambling to prevent flooding on a massive scale.The Indone

    May 27, 2017 01:40 pm JST
  • Strike deepens woes at Freeport's Indonesia mine

    JAKARTA -- Labor issues at U.S. miner Freeport-McMoRan's Indonesian subsidiary are deepening concerns over the future of the company, which is in dispute with the Indonesian government over exports from its huge Grasberg copper and gold mine.About 4

    May 26, 2017 10:10 pm JST
  • Japan committed to push infrastructure exports

    TOKYO -- Japan's government is working to wrap up a revised strategy for promoting infrastructure exports. The focus is on comprehensive support for urban development projects -- from initial planning to regulatory development to fundraising.The gov

    May 26, 2017 04:00 pm JST
  • Investors shrug off terror attacks in Southeast Asia, for now

    MANILA/JAKARTA -- Investors in Asia have shrugged off terror attacks in Indonesia and the Philippines this week, but authorities are struggling to prevent further attacks and protect soft targets.MSCI's broadest index of Asia-Pacific shares outside

    May 26, 2017 01:31 am JST
  • East Asian workers remarkably disengaged

    TOKYO -- Workers in East Asia are much less engaged in their jobs than their counterparts in the rest of the world, a recent survey by Gallup shows. Experts say East Asian companies need to alter their management styles before disengaged workforces

    May 25, 2017 10:40 pm JST
  • OPEC extends oil output cut by nine months to fight glut

    VIENNA (Reuters) -- OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three y

    May 25, 2017 08:50 pm JST
  • Booming Southeast Asian vehicle sales drive urban congestion

    JAKARTA -- Vehicle sales in Southeast Asia are set to outpace all other regions of the world during 2017, according to industry research, highlighting surging economic expansion in some parts of the region.But the growing number of new cars and truc

    May 25, 2017 05:00 pm JST
  • Policy upheavals buffet mining in Philippines, Indonesia

    SANTA CRUZ, Philippines/JAKARTA -- In the eyes of Diosdado Alota, chief of Guinabon village in the northwest Philippines, the mining industry is key to his community's health.Until the national government ordered a suspension of operations in 2014 o

    May 25, 2017 04:08 pm JST
  • Terrorism once again proving to be grave concern in Asia

    TOKYO -- Counter-terrorism measures, including expanding support for anti-Islamic State operations, are likely to feature prominently in the Group of Seven summit taking place in Italy on Friday and Saturday. The talks will center around the deadly

    May 25, 2017 02:58 pm JST
  • Company in focus: Hong Kong's MTR gets praise abroad but criticism at home

    HONG KONG Long before any talk of belts and roads, MTR looked beyond the territory for expansion.But it was not until recently that the monopoly operator of Hong Kong's profitable metro system said it wanted to do business in Southeast Asia. With a

    May 25, 2017 10:00 am JST
  • Policy upheavals buffet mining in Philippines, Indonesia

    SANTA CRUZ, Philippines/JAKARTA In the eyes of Diosdado Alota, chief of Guinabon village in the northwest Philippines, the mining industry is key to his community's health.Until the national government ordered a suspension of operations in 2014 over

    May 25, 2017 10:00 am JST
  • Mining companies face tough decisions despite the industry's rebound

    SYDNEY Big international mining companies like BHP and Rio Tinto made it through the crash in global commodity prices by slashing costs, shedding less productive units and taking full advantage of the economies of scale their vast operations provide

    May 25, 2017 10:00 am JST
  • 5 killed in Jakarta bombing

    JAKARTA -- Two suspected suicide bombers and three police officers died in an attack near a bus terminal in East Jakarta on Wednesday night, local police said. At least 10 others were injured.National Police spokesman Insp. Gen. Setyo Wasisto said f

    May 25, 2017 10:00 am JST
  • Security tightens around the globe following UK terror

    LONDON -- Major Western and Asian nations followed the U.K. by going on high alert in the wake of Monday's terrorist bombing in Manchester, bolstering defenses of so-called soft targets that attract big crowds but are relatively unprotected.British

    May 25, 2017 04:30 am JST
  • Jakarta explosions suspected to be suicide bombing

    JAKARTA -- Twin explosions at a bus terminal in eastern Jakarta on Wednesday night appear to be a suicide bombing, local police said, with the incident resulting in multiple casualties."Explosions near [Kampung Melayu] terminal are likely a suicide

    May 25, 2017 12:52 am JST
  • Jailed Jakarta governor will not appeal blasphemy conviction

    JAKARTA -- Basuki Tjahaja Purnama, the ousted governor of Jakarta popularly known as Ahok, has decided not to appeal a two-year sentence for blasphemy against Islam because he fears a lengthy legal process would keep people on the streets and exacer

    May 23, 2017 09:40 pm JST