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  • East Timor to elect new president as oil revenues rapidly run dry

    East Timorese flocked to political rallies on the final day of campaigning ahead of Monday's presidential election, as Asia's youngest democracy grapples with persistent poverty and corruption at a time when oil revenues are rapidly running dry.This

    March 19, 2017 12:18 pm JST
  • 'Invisible' Indonesians nudged to get birth certificates

    JAKARTA -- By official accounts, Noni Damanik does not exist. She is one of about 75 million Indonesians who do not hold birth certificates, but has managed for 27 years by paying small bribes whenever official documentation has been needed, includi

    March 19, 2017 07:00 am JST
  • Company in focus

    Malaysia's Sime Darby splits up palm oil kingdom to raise equity value

    KUALA LUMPUR -- Sime Darby, the world's largest plantation and palm oil producer, plans to split into three separate listed entities to promote future growth. The listing of plantation division, the core business of the Malaysian state-owned conglom

    March 18, 2017 03:00 pm JST
  • Indonesian stocks hit record high

    JAKARTA -- Indonesia's benchmark stock index on Friday closed at an all-time high for the first time in nearly two years, driven by a return in foreign investor appetite, as uncertainty about fiscal and monetary policies in the U.S. fades.The Jakart

    March 17, 2017 09:52 pm JST
  • Saudis sharpen Asian focus with $65bn China partnership

    DUBAI/BEIJING -- Saudi Arabia and China have inked $65 billion worth of deals and agreed to bolster security ties as the Middle Eastern kingdom scans Asia for partners to support an economic overhaul.Saudi King Salman met with Chinese President Xi J

    March 17, 2017 05:00 am JST
  • Power struggle at Pertamina bodes ill for Widodo's reforms

    JAKARTA -- Indonesia's Pertamina has picked an industry insider as its new chief despite President Joko Widodo's push for an outside appointee, raising doubts about the effectiveness of his campaign to reform the country's state-run enterprises and

    March 17, 2017 03:40 am JST
  • Jakarta braces for political turmoil from massive corruption case

    JAKARTA -- Indonesia's Corruption Eradication Commission is girding itself for a significant backlash after a case that could implicate dozens of lawmakers and senior officials went to court last week.The case follows years of investigation by the a

    March 17, 2017 02:20 am JST
  • Australia's Bishop gives sermon to ASEAN on diplomacy

    MANILA -- Julie Bishop, the Australian foreign minister, called on the Association of Southeast Asian Nations on Thursday to heed a landmark arbitration court decision last year when a fresh code of conduct to handle territorial disputes in the Sout

    March 16, 2017 11:22 pm JST
  • Pertamina appoints new CEO

    JAKARTA -- Pertamina on Thursday appointed Elia Massa Manik, the former head of state-owned plantation company Perkebunan Nusantara III, as its new CEO, ending more than a month of speculation following the sudden dismissal of the former chief of In

    March 16, 2017 05:25 pm JST
  • Jakarta takes steps toward haze-free Southeast Asia

    JAKARTA -- Malaysia's environment minister is sure that 2017 will not see a repeat of the choking, eye-watering smog that covered parts of his country, as well as Singapore and areas in Indonesia, for around two months in 2015."We are very likely to

    March 16, 2017 05:00 pm JST
  • Asia braces for an energy M&A bonanza

    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 i

    March 16, 2017 10:00 am JST
  • Remote 'off' switch to help Southeast Asians get car loans

    TOKYO Getting a car means freedom to get around, and for many, freedom to earn a better living. Getting a loan to buy one, however, is not always that easy, particularly in emerging economies.Disabling a vehicle's engine might not seem like the most

    March 16, 2017 10:00 am JST
  • Lazada Indonesia aligns business model with Alibaba

    JAKARTA -- The Indonesian unit of Lazada said it plans to focus on adding small merchants to its online marketplace, emulating the strategy of Alibaba Group Holding, the Chinese e-commerce company that acquired it last year.Florian Holm, Lazada Indo

    March 16, 2017 12:05 am JST
  • Palm oil price falling as Southeast Asian supply recovers

    TOKYO -- The international price of palm oil has been dropping notably, due to prospects of abundant supply from Southeast Asia and the declining prices of a substitute, soy oil.Palm oil is used in margarine and for deep frying, among other purposes

    March 15, 2017 11:39 pm JST
  • Bank Rakyat Indonesia brings in Telkom exec to foster fintech

    JAKARTA -- Bank Rakyat Indonesia on Wednesday appointed an executive with the country's largest telecommunications company to its board, in a move that reflects intensifying competition in financial technology.The state lender's shareholders approve

    March 15, 2017 11:30 pm JST
  • ASEAN businesses want clarity from Trump on trade

    KUALA LUMPUR -- Business groups in Southeast Asia are advocating the continuation of open trade policies, just as U.S. President Donald Trump looks to advance his protectionist agenda. More than anything, perhaps, companies across the Association of

    March 14, 2017 09:40 pm JST
  • Japan policy remains grounded as sharing economy takes off

    JAKARTA/TOKYO -- Jakarta's traffic-clogged streets aren't exactly lined with gold, but they are becoming a healthy source of revenue for drivers of motorbike taxis as Indonesia's sharing economy takes off.One driver has seen his monthly income rise

    March 14, 2017 05:00 pm JST
  • Mitsui aims for a slice of Southeast Asia's retail market

    SINGAPORE -- Japanese trading house Mitsui & Co. looks to tap into Southeast Asia's booming retail market using information and communications technology, President and CEO Tatsuo Yasunaga told the Nikkei Asian Review in a recent interview here.Yasu

    March 14, 2017 01:45 am JST
  • Bank Central Asia outpaces rivals with 14% profit surge

    JAKARTA -- Bank Central Asia on Monday said its net profit for 2016 rose 14% on the year, outperforming a generally lackluster Indonesian banking sector.The country's largest private lender logged a profit of 20.6 trillion rupiah ($1.54 billion). Lo

    March 13, 2017 11:57 pm JST
  • Prime time set to debut off the beaten track in Indonesia

    JAKARTA -- Homes in far flung locations across Indonesia will soon be able to tune into TV broadcasts thanks to Japan's push to export its telecommunications technologies. Japan's communications ministry has offered the nation of more than 13,000 is

    March 13, 2017 06:12 pm JST