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  • Nikkei Asia300 Index declines as Tencent falls after earnings

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Thursday, as losses in heavyweight Tencent Holdings wiped off earlier gains after the U.S. Federal Reserve stuck to its interest rate projections for 2018.The Nikkei Asia300 Index fell 0.8% to

    March 22, 2018 10:03 pm JST
  • New Asian importers shaking up world LNG market

    TOKYO -- The Asian market for liquid natural gas is being transformed as Thailand, Pakistan and others join the ranks of importers and consumption grows rapidly in China and India, resulting in a fundamental shift in a market that had long been domi

    March 22, 2018 03:45 pm JST
  • State contractors foot the bill in Indonesia's infrastructure push

    JAKARTA The debt of Indonesia's four major listed state-owned construction companies jumped 57% to 156.2 trillion rupiah ($11.3 billion) last year, raising alarm about excessive borrowing being used to fund the government's infrastructure push.The c

    March 22, 2018 10:00 am JST
  • Can a new airport put rural Indonesia on the map?

    MAJALENGKA, Indonesia Rice fields and flocks of sheep used to be the main features of this remote part of West Java, about 180km east of Jakarta. Hopes are high that a sprawling international airport currently under construction will change that by

    March 22, 2018 10:00 am JST
  • Bali struggles to 'normalize' life in the volcano's shadow

    DESA BAN, Indonesia On the wall of East Bali Bamboo Bikes' workshop in Desa Ban, a big yellow sign declares: "Safety First." Just around the corner, a starker warning has been hung by the roadside: "Volcano Hazard -- No Entry." Now abandoned, the si

    March 22, 2018 10:00 am JST
  • Shetty and Testaverde

    Southeast Asia needs better labor migration policies

    One of the many signs of growing economic integration in Southeast Asia is a surge in labor migration.While not as high as migration flows elsewhere in the world, the number of people in the 10 member countries of the Association of Southeast Asian

    March 22, 2018 07:00 am JST
  • Yahoo Japan to boost investment in Southeast Asian startups

    TOKYO -- Yahoo Japan looks to invest more venture capital into Southeast Asia, launching a fund in the second half of the year with a major Indonesian conglomerate.Yahoo Japan's venture capital unit will team with Indonesia's Sinar Mas Group and Eas

    March 22, 2018 01:39 am JST
  • Indonesia's Salim Group courts small shops with grocery app

    JAKARTA -- Indonesian conglomerate Salim Group launched a grocery shopping app on Wednesday mainly targeting small shop owners, in an effort to tap into the growing number of mobile-phone users among lower-income households.The app, called Idmarco,

    March 21, 2018 07:06 pm JST
  • Superhot fried chicken eats into KFC's dominance in Indonesia

    JAKARTA -- A cheap, super-spicy dish of pounded fried chicken with chili sauce called ayam geprek has become all the rage in Indonesia. Restaurants that specialize in it have sprung up over the past year, shaking up the fast-food industry and challe

    March 21, 2018 01:08 pm JST
  • Singtel expands mobile wallet across Southeast Asia and India

    SINGAPORE -- Singapore Telecommunications is expanding its mobile wallet service across Southeast Asia and India by linking the product with those of affiliated companies, in a bid to tap into growing demand for mobile payments among regional travel

    March 20, 2018 07:41 pm JST
  • Richard Heydarian

    Australia right to huddle closer to Southeast Asia

    By the standards of global diplomacy, Australia's decision to host its first-ever summit with the Association of Southeast Asian Nations last weekend is hardly epoch-making.But in its modest way, it is a signal of how the great powers are changing t

    March 20, 2018 02:30 pm JST
  • Most SE Asian companies plan divestments over next 24 months

    SINGAPORE -- There is a strong intention among Southeast Asian companies to divest parts of their businesses, with rapid technological developments putting pressure on them to change existing business models in order to remain competitive, according

    March 19, 2018 09:47 pm JST
  • Alibaba counters Amazon's expansion in Southeast Asia

    SINGAPORE -- Only a week after U.S. e-commerce group revealed its intention to enter the Vietnamese market, Alibaba Group Holding has made a countermove to secure its own growth path in Southeast Asia's burgeoning e-commerce industry.The

    March 19, 2018 09:34 pm JST
  • Nikkei Asia300 Index edges lower as Samsung, LG decline

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Monday, led by shares of display suppliers after a report that Apple is developing its own screen display technology. South Korean car makers also declined.The Nikkei Asia300 Index declined 0.4

    March 19, 2018 08:34 pm JST
  • Alibaba to invest additional $2bn in Lazada

    BEIJING (Reuters) -- Alibaba Group Holding Ltd said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive e

    March 19, 2018 05:09 pm JST
  • Australian and ASEAN pursue maritime code of conduct

    SYDNEY -- Southeast Asian leaders urged adoption of a code of conduct for the South China Sea at the end of a special summit hosted by Australia, sending a message meant to be heard in China.The two-day meeting of the Association of Southeast Asian

    March 19, 2018 01:37 am JST
  • Australia to fund project to prepare ASEAN cities for massive growth

    SYDNEY (Kyodo) -- Australia announced Sunday it will provide A$30 million (US$23.15 million) to finance a "Smart Cities" initiative to help urban centers throughout Southeast Asia cope with explosive growth.In a statement released on the last day of

    March 18, 2018 09:56 pm JST
  • Southeast Asia says gravely concerned about North Korea weapons

    SYDNEY (Reuters) -- The Association of Southeast Asian Nations and Australia said on Sunday they held "grave concerns" about escalating tensions caused by North Korea's nuclear and missile programmes."We strongly urge the DPRK to immediately and ful

    March 18, 2018 03:32 pm JST
  • Japan's import prices for daily goods sink further

    TOKYO -- Import prices for apparel and daily goods in Japan plunged last year, as growing labor costs in China push companies to automate or move production to Southeast Asia.The price of imported clothing fell by 1.7%, the sharpest drop since a 2.1

    March 18, 2018 02:08 pm JST
  • Nikkei Asia300 Index falls amid U.S. political uncertainty

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday amid more U.S. political uncertainty and one more report of President Donald Trump preparing to impose tariffs on China.The Nikkei Asia300 Index declined 0.5% to 1,473.18.Concerns over U

    March 16, 2018 08:43 pm JST