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  • Indonesian bank solves MUFG's Southeast Asian puzzle

    TOKYO -- Mitsubishi UFJ Financial Group's sequential takeover of Bank Danamon, Indonesia's fifth-largest commercial bank, illustrates how the Japanese multinational plans to transform its Southeast Asian outposts into a regional empire.MUFG embarked

    December 28, 2017 04:14 am JST
  • Nikkei Asia300 Index gains as energy stocks rally

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Wednesday, led by energy companies as U.S. crude oil prices rallied to their highest level since June 2015.The Nikkei Asia300 Index rose 0.2% to 1,396.72. H-shares of CNOOC added 1.8%, Petr

    December 27, 2017 08:21 pm JST
  • Cover story

    'Social enterprises' rise in Asia amid skepticism

    BANGALORE -- Wearing blue surgeon's scrubs as he chats with a heart patient from Bangladesh, Dr. Devi Shetty hardly looks like a typical corporate chairman. But there is little about Shetty and the hospital group he founded, Narayana Health, that is

    December 27, 2017 04:00 pm JST
  • Panda diplomacy grows with China's ambitions

    TOKYO -- Visitors to Tokyo's Ueno Zoo don't usually think about who owns the zoo's giant pandas, and who benefits from their massive popularity.Maybe they should.Like all pandas around the world, Ueno's panda couple is leased from China for a fee of

    December 27, 2017 12:10 pm JST
  • Indonesia's Islamists create re-election minefield for Widodo

    JAKARTA -- Ridwan Kamil, the popular mayor of Bandung in Indonesia's West Java Province, was once touted by Muslim conservatives to be destined for national leadership. But this changed in March when Kamil, previously backed by the opposition, agree

    December 27, 2017 09:10 am JST
  • Japan's Koito adding capacity at Indonesia auto lamp factory

    TOKYO -- Koito Manufacturing, a leading maker of automotive lighting, plans to boost production capacity at a plant in Indonesia by 50%.In operation since 2011, the Indonesia plant is now stretched to capacity, making 1 million headlights and 300,00

    December 27, 2017 04:47 am JST
  • Japan's BTMU plans controlling stake in Indonesia's Bank Danamon

    TOKYO -- Bank of Tokyo-Mitsubishi UFJ has agreed to purchases that lead to a majority stake in Indonesia's Bank Danamon, a deal potentially worth 700 billion yen ($6.18 billion) in a country that normally restricts foreign investors to minority owne

    December 27, 2017 03:29 am JST
  • Sumatra province where 160,000 died marks 13th anniv. of 2004 tsunami

    BANDA ACEH, Indonesia (Kyodo) -- Women in Islamic veils and men wearing Muslim caps came by the thousands Tuesday to the largest mass grave in Aceh, to mourn on the 13th anniversary of the deadliest tsunami in recorded history.In the mass grave in S

    December 26, 2017 09:10 pm JST
  • Nikkei Asia300 Index falls as Singapore rig builders, Apple suppliers decline

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Tuesday, weighed by losses in Singaporean rig builders following a corruption probe. Apple suppliers declined amid concerns over slowing demand for the iPhone X.The Nikkei Asia300 Index dropped

    December 26, 2017 08:08 pm JST
  • Comment

    QE unwinding is more dangerous than it appears

    At the end of November, South Korea raised interest rates for the first time in six years.South Korea is one of many emerging markets where central banks quietly piggybacked on unconventional monetary policy implemented by central banks in developed

    December 26, 2017 02:40 pm JST
  • Economic picture brightens for ASEAN and India toward 2018

    In the most recent quarterly survey of major economies in Asia by The Japan Center for Economic Research and the Nikkei, economists were mostly upbeat, with growth forecasts rising toward 2018. India's expansion is expected to pick up as it shakes o

    December 26, 2017 09:58 am JST
  • Australia seeks 80% free trade coverage by 2020

    SYDNEY -- Australia's government remains eager to conclude more free trade agreements in its region, both bilateral pacts and regional deals like the Trans-Pacific Partnership, Foreign Minister Julie Bishop tells The Nikkei."We want to expand our tr

    December 26, 2017 05:00 am JST
  • Tokyo Century venturing into e-cash services in Indonesia

    TOKYO -- Tokyo Century is getting into the electronic money business in Indonesia through a partnership with a local conglomerate, with an eye toward developing a payment and lending business for a vast country where most people do not have bank acc

    December 26, 2017 03:27 am JST
  • Ken Ward

    Widodo in a sweet spot -- for now

    Indonesia's President Joko Widodo can look to next year in a far more relaxed way than he faced 2017. At the end of 2016, radical Islamic groups, notably the Islamic Defenders' Front (FPI), staged huge demonstrations in protest at the blasphemy alle

    December 25, 2017 01:30 pm JST
  • Asia Insight

    Joko Widodo vows to 'fix' Indonesia as political heat rises

    RAJA AMPAT, Indonesia -- Home to some of the world's richest coral reefs, the remote islands of Raja Ampat in eastern Indonesia are no secret among scuba divers. But President Joko Widodo wants to make sure these and other hidden national treasures

    December 25, 2017 11:35 am JST
  • Upstart Hong Kong insurer FWD seeks 'pan-Asian' reach

    HONG KONG -- Insurance company FWD Group has made impressive inroads across Asia in just half a decade, pairing an aggressive acquisition strategy with a technology-focused approach aimed at tapping the region's young and growing middle class.Hong K

    December 24, 2017 12:00 pm JST
  • Interview

    Indonesia's Widodo says railway talks with Japan near conclusion

    RAJA AMPAT, Indonesia -- Indonesian President Joko Widodo said he is in "very deep and very serious discussions" with Japan about jointly developing a railway connecting the Southeast Asian country's two largest cities, in what would be one of the l

    December 23, 2017 10:04 pm JST
  • Indonesia's Indofood buys out drink venture partner Asahi for $20m

    JAKARTA -- Indonesia's largest food company, Indofood Sukses Makmur, said Friday it will buy Japan-based Asahi Group Holdings' stakes in two nonalcoholic beverage joint ventures for $20 million.The deal will mark an end to the two groups' five years

    December 23, 2017 10:45 am JST
  • Nikkei Asia300 Index posts weekly gains on US tax optimism

    NEW DELHI (NewsRise) -- Asian stocks outside of Japan rose Friday to end the week higher, as global markets cheered the passage of a U.S. tax reform bill by Congress.The Nikkei Asia300 Index rose 0.7% to 1,397.39 on Friday, climbing 1.4% for the wee

    December 22, 2017 08:47 pm JST
  • E-learning software company Surala enlists ninjas' help to grow in Asia

    TOKYO -- Japanese online education company Surala Net is celebrating success. On Monday, it listed its shares on the Tokyo Stock Exchange's Mothers market for startups as its learning software featuring "anime teachers" wins fans among students and

    December 22, 2017 03:40 pm JST