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  • ASEAN AT 50

    In search of ASEAN 'champions'

    TOKYO -- Despite proving to be a unique and successful development model, ASEAN is lacking in the innovation department. This is how Fukunari Kimura, a professor of trade and development economics at Japan's Keio University, sees the region. He rece

    July 28, 2017 10:55 am JST
  • Indonesia's deficit widens in 2017 budget revision

    JAKARTA - Indonesia's House of Representatives on Thursday endorsed a revision to this year's government budget -- which sees a lower revenue, increased spending and a widening deficit nearing the constitutional limit.Revenue target is corrected to

    July 28, 2017 12:06 am JST
  • Indonesian parliament OKs tax data exchange law

    JAKARTA -- Indonesia took a big step toward joining a global framework aimed at combating tax evasion, with the country's parliament on Thursday passing a law that grants the tax office direct access to financial information held by banks and other

    July 27, 2017 11:40 pm JST
  • Jakarta's governor-elect cites 'Wikipedia' approach to issues

    TOKYO -- Jakarta's governor-elect envisions collaborating with citizens to tackle social issues, comparing his approach to Wikipedia, as he embarks on a difficult path to bridge Indonesia's socially divided capital."We would like to approach the cha

    July 27, 2017 10:01 am JST
  • At 50, ASEAN is reaping the rewards of economic integration

    BANGKOK The Association of Southeast Asian Nations marks its 50th anniversary on Aug. 8. Over the decades, its purpose has shifted from fighting communism to fostering economic cooperation. ASEAN's rules and infrastructure facilitate trade and help

    July 27, 2017 10:00 am JST
  • ASEAN needs more cohesion to stand on its own

    ASEAN leaderships need a moment of reflection. We are seeing strong anti-globalization sentiment and failures of multilateral arrangements in the West. This certainly dents ASEAN's drive for more openness and more integration. Even before such globa

    July 27, 2017 10:00 am JST
  • Then and now: ASEAN by the numbers

    The 10 members of the Association of Southeast Asian Nations have grown steadily richer in recent decades, with gross domestic product per capita rising eightfold between 1980 and 2016. Can the region continue its march toward prosperity?

    July 27, 2017 10:00 am JST
  • ASEAN is looking good, but now looking up to China and India

    TOKYO The first 50 years of the Association of Southeast Asian Nations should be regarded as an overall success, but its future is anything but certain. Sandwiched between China and India, ASEAN could find itself overwhelmed economically by these tw

    July 27, 2017 10:00 am JST
  • Ever-adaptable ASEAN confronts new tests

    BANGKOK On Aug. 9, 1967, The New York Times reported the signing of the Bangkok Declaration to inaugurate the Association of Southeast Asian Nations. The brief, 80-word article on the declaration -- inked the previous day by five founding foreign mi

    July 27, 2017 10:00 am JST
  • ASEAN must stay out of great-power tussles in Asia

    The post-Cold War 1990s were a peaceful era in Asia. All the great powers were benign and the Sino-U.S. relationship was good. China still needed help from other countries, including ASEAN members.Today, we are back in the age of great-power rivalri

    July 27, 2017 10:00 am JST
  • Southeast Asian companies find ideal partners -- each other

    JAKARTA With their bright red and yellow signage, the Alfamart convenience stores sprouting up in Manila and other Philippine cities are hard to miss. But what really sets them apart is their parentage: In a market dominated by Japanese brands like

    July 27, 2017 10:00 am JST
  • Carmakers helped foster ASEAN's growth: Ex-Nissan COO

    TOKYO In the 1980s, fewer than 500,000 cars were sold in the ASEAN region annually. In 2016, the figure was more than six times higher, at 3.2 million. The initially modest size of the auto market in Southeast Asia led to a unique division of labor

    July 27, 2017 10:00 am JST
  • Indonesia stakes South China Sea claim, risking Beijing's ire

    JAKARTA A ruling by a tribunal at the Permanent Court of Arbitration in The Hague last July denying China's claims to nearly all of the South China Sea has been dismissed as meaningless by Beijing and effectively abandoned by the original petitioner

    July 27, 2017 10:00 am JST
  • Itochu wins Indonesian coal-fired power plant project

    TOKYO -- Itochu will build two coal-fired power plants in Indonesia for about 45 billion yen ($404 million), as the Japanese trading house moves to capitalize on growing electricity demand in emerging economies.Indonesian utility PLN awarded the wor

    July 27, 2017 06:03 am JST
  • Lazada guiding parent Alibaba's Southeast Asian offensive

    HONG KONG -- Online retailer Lazada is working with parent Alibaba Group Holding to bring the Chinese heavyweight's popular online marketplace and suite of digital services to shoppers across Southeast Asia.The Singapore-based e-tailer added a new s

    July 27, 2017 12:35 am JST
  • Copper mine negotiations nearing end for Freeport, Jakarta

    JAKARTA -- U.S. miner Freeport-McMoRan and the Indonesian government said intense negotiations over the future of a giant copper mine in Papua Province are headed toward an agreement by October, even though the key issue of divestment remains unreso

    July 26, 2017 10:42 pm JST
  • ASEAN AT 50

    ASEAN integration evolved with auto industry's value chain: Nissan ex-COO

    TOKYO -- Automobiles have become a key industry among members of the Association of Southeast Asian Nations, with over 3 million new cars sold in 2016. Behind this expansion in the past decades has been the region's efficient division of labor. In a

    July 26, 2017 08:00 pm JST
  • Indonesian bureaucrats revive redenomination plan

    JAKARTA -- The Finance Ministry and the central bank of Indonesia are reviving a plan to redenominate the country's currency.Rupiah bank notes come in much higher denominations than other currencies within the Group of 20 major economies, and offici

    July 26, 2017 03:45 pm JST
  • Aging Asia's trillion-dollar business opportunity

    As Asia ages, businesses catering to the elderly are swelling along with the demographic. So alluring is the growth potential that even companies with no prior experience in this segment are rushing in, from property developers to newspaper operator

    July 26, 2017 11:59 am JST
  • Investors grapple with Indonesian rice scandal

    JAKARTA -- Investors are scrambling to deal with a controversy over Indonesian food producer Tiga Pilar Sejahtera Food after police and government officials confiscated more than 1,000 tons of rice from its warehouse outside Jakarta, accusing the co

    July 25, 2017 10:43 pm JST