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  • SE Asian convenience stores see big prospects in tiny spaces

    HANOI/YANGON/JAKARTA -- Southeast Asian convenience-store chains are finding success with unorthodox strategies such as minimarts tailored for crowded cities or remote areas, giving them a flexibility that bigger foreign rivals have failed to match.

    August 20, 2017 01:30 pm JST
  • Southeast Asian workers press for big minimum wage hikes

    HANOI -- Calls for major increases in minimum pay are spreading through Southeast Asia as workers grow more conscious of their rights amid economic expansion and turn up the pressure on their governments.Malaysia and Myanmar are among the countries

    August 18, 2017 10:30 am JST
  • Iseki to expand Indonesian tractor plant to lift supply to US

    TOKYO -- Agricultural equipment producer Iseki will expand its Indonesian plant for tractors sold in North America and Asia by 40% next year as demand plateaus in Japan.The factory, which now has a floor space of 20,000 sq. meters, will get an addit

    August 18, 2017 04:13 am JST
  • Indonesia's Tokopedia gets top investment from Alibaba

    JAKARTA -- Tokopedia, a leading Indonesian e-commerce company, has received investment from China's Alibaba Group Holding as the lead investor in a $1.1 billion funding round.The deal was announced by Tokopedia on Thursday and confirms the Chinese c

    August 18, 2017 01:36 am JST
  • Pertamina appoints new directors, struggles for investors

    JAKARTA -- The appointment of two new directors at Pertamina, Indonesia's state-owned oil and gas company, has highlighted its problems attracting investment for a string of major projects in an increasingly tough operating environment.The state ent

    August 16, 2017 11:40 pm JST
  • Widodo lowers economic growth ambitions in 2018 budget

    JAKARTA -- Indonesia cut its growth forecast in its 2018 budget, targeting increases in spending and tax revenue that are lower than in previous years.The targets, unveiled by President Joko Widodo on Wednesday as he announced the annual draft budge

    August 16, 2017 11:15 pm JST
  • Bumper crops weighing on palm oil prices in Southeast Asia

    SINGAPORE -- Palm oil producers in Southeast Asia have seen their stock prices falter, dragged down by sagging palm oil prices due to bumper crops. Share prices of palm oil producers in Malaysia, Indonesia and Singapore are likely to remain sluggish

    August 16, 2017 03:14 pm JST
  • Out of tune: Music schools clash with Japan's copyright enforcer

    TOKYO -- The Japanese word for music, ongaku, is written with a pair of Chinese characters. The first means "sound," while the second stands for "fun." But there is nothing fun about a raging dispute between the country's dominant music copyright co

    August 16, 2017 01:26 pm JST
  • Indonesia police uncover alleged plot to bomb presidential palace

    JAKARTA (Reuters) -- Indonesian police on Tuesday arrested five suspected Islamist militants and seized chemicals near the capital, Jakarta, that they said were being used to make bombs for attacks on the presidential palace at the end of August.Two

    August 15, 2017 09:17 pm JST
  • Facebook opens new office in Indonesia

    JAKARTA -- Facebook on Monday said it opened a new office in Indonesia after agreeing with the government to strengthen its local operations.The move comes as Indonesia steps up efforts to curb fake news, hate speeches and terrorism-related content

    August 14, 2017 11:35 pm JST
  • Nikkei Asia300 Index recovers from weekly loss as US inflation damps Fed rate hike bets

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rebounded from a weekly loss, tracking gains on Wall Street after slower-than-expected U.S. inflation data eased expectations of another rate increase this year.The Nikkei Asia300 Index add

    August 14, 2017 09:24 pm JST
  • For ASEAN, Japan is a key counterbalance to China

    TOKYO -- Five decades after the Association of Southeast Asian Nations was established, changing economic and political dynamics in the region are putting a spotlight on Japan's growing importance to the bloc as a counterbalance to China.Japan and t

    August 14, 2017 12:16 pm JST
  • Angel Gurria

    Making the digital age work for ASEAN

    Southeast Asia is one of the world's most dynamic regions, with vast endowments of natural resources, an increasingly diversified economy, an expanding middle class and growing global influence. With the launch of the ASEAN Economic Community in 201

    August 14, 2017 09:00 am JST
  • Richard Heydarian

    Divided ASEAN hands China diplomatic coup

    The annual regional forum and related meetings of the Association of Southeast Asian Nations (ASEAN) in Manila brought together 27 foreign ministers from around the Asia-Pacific region -- but the outstanding result was a major diplomatic victory for

    August 12, 2017 04:14 am JST
  • Investors shun Asian stocks amid North Korea risk

    SINGAPORE -- The escalating war of words between the U.S. and North Korea has rattled previously bullish investors, spurring a broad-based exodus from Asian stocks that had been riding high on a global flood of liquidity.Asian markets sank across th

    August 11, 2017 11:42 pm JST
  • ASEAN AT 50

    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

    August 11, 2017 07:27 pm JST
  • SAIC, GM ready Indonesian minivans to take on Japanese juggernauts

    JAKARTA -- SAIC Motor and General Motors will roll out strategic compact minivans together in Indonesia, hoping to make a crack in the overwhelming dominance of Japanese automakers in this major Southeast Asian economy.All in the familyThe Chinese a

    August 11, 2017 01:12 pm JST
  • BlackBerry hopes to power internet of things

    JAKARTA -- For a decade or so before the market for touchscreen smartphones took off around 2010, BlackBerry's hand-held communication devices were ubiquitous among thumb-jockeying executives trying to keep in touch with the office outside working h

    August 10, 2017 02:39 pm JST
  • Indonesian rail project goes off track over land acquisition

    JAKARTA Indonesia is facing major delays getting the land it needs for a planned high-speed railway, raising questions over whether Beijing should take the lead on the project, or whether it will be finished at all.The rail link, which is supposed t

    August 10, 2017 10:00 am JST
  • Indian factory activity tanks as the GST gets underway

    NEW DELHI Indian manufacturing activity slowed sharply in July, as the introduction of a much-heralded goods and services tax caused confusion for companies and consumers alike.The Nikkei India Manufacturing Purchasing Managers' Index dropped to 47.

    August 10, 2017 10:00 am JST