Search results

Results 101 - 120 of 4042
  • Fintech factor key to Southeast Asian banks' growth

    BANGKOK Southeast Asia's banking industry must embrace the digital revolution, including the rise of fintech, to seize opportunities to cater to the region's growing middle class, business leaders said at a panel session of the forum.One of the keys

    July 20, 2017 10:00 am JST
  • Asia a bright spot in an uncertain world, say ASEAN business leaders

    BANGKOK Growing protectionist sentiment in the West and a volatile security situation in the Middle East have made Asia into a relative bright spot in an otherwise bleak global environment, according to participants at a business forum in the Thai c

    July 20, 2017 10:00 am JST
  • Jakarta's plan to seek rail project bidders is snub to Japan

    JAKARTA Indonesia may seek bids from foreign governments to build a new railway on the island of Java, despite its current deal with Japan on the project.The government of President Joko Widodo is said to be considering inviting foreign governments

    July 20, 2017 10:00 am JST
  • Mandiri aims to tap Singapore asset pool uncovered in tax hunt

    JAKARTA -- Bank Mandiri, Indonesia's largest state-owned lender, on Wednesday said it is seeking to establish a private banking business in Singapore. The move comes amid a global crackdown on tax evasion that has exposed vast Indonesian wealth park

    July 19, 2017 11:45 pm JST
  • Indonesia's Telkom partners up to give customers new ways to pay

    JAKARTA -- Telekomunikasi Indonesia, the country's largest telecommunications company, on Wednesday said it is planning partnerships with e-commerce sites to boost the sales of its pay-TV and home broadband bundles.Telkom, as the company is known, a

    July 19, 2017 09:43 pm JST
  • Indonesia bans Islamist group Hizbut Tahrir

    JAKARTA -- Indonesia on Wednesday said it revoked the legal status of Hizbut Tahrir Indonesia, effectively banning the Islamist group from operating in the country.The Ministry of Law and Human Rights said the move is based on a new regulation, impo

    July 19, 2017 08:28 pm JST
  • Race to the bottom for region's sand miners

    JAKARTA -- As Asia's economies grow and its cities modernize, the region's voracious appetite for construction materials has driven demand for sand -- alongside illegal trade of the commodity -- to unprecedented levels. With rapid urbanization and i

    July 19, 2017 07:04 pm JST
  • Will Indonesian diamonds shine on the global market?

    BANJARMASIN, Indonesia -- Cempaka Diamond Mine in southern Kalimantan, the Indonesian portion of the island of Borneo, is seen by some experts as one of the richest diamond fields in the world. A 166-carat stone and a rare blue diamond were discover

    July 19, 2017 10:00 am JST
  • Indonesian House speaker refuses to quit despite graft probe

    JAKARTA -- The speaker of Indonesia's House of Representatives has no intention of stepping down after he was named a suspect in a major corruption scandal on Monday -- and denies all of the allegations.Setya Novanto said he was "surprised" by the a

    July 18, 2017 11:08 pm JST
  • Jakarta disregards Beijing, renames part of South China Sea

    JAKARTA -- Citing a decision last year of the Permanent Court of Arbitration in Europe that has been ignored by China, Indonesia has renamed its exclusive economic zone in the southwestern part of the South China Sea.Jakarta revealed the newly desig

    July 18, 2017 10:40 pm JST
  • CT Corp partners with Prudential Financial

    JAKARTA -- CT Corp, the Indonesian conglomerate owned by billionaire Chairul Tanjung, on Tuesday said it sold a 49% stake in its life insurance arm Asuransi Jiwa Mega Indonesia to a unit of U.S. insurer Prudential Financial for an undisclosed price.

    July 18, 2017 08:43 pm JST
  • Indonesia rethinking partnership with Japan on rail project

    JAKARTA -- Indonesia may seek bids from foreign governments to build a new railway on the island of Java, despite its current engagement with Japan.The government of President Joko Widodo is said to be considering inviting foreign governments to bid

    July 18, 2017 03:58 pm JST
  • Prudential Financial enters Indonesian life insurance market

    U.S.-based Prudential Financial Inc has entered the Indonesian life insurance market in a joint venture with a unit of CT Corp in Jakarta, the companies said on Tuesday.Prudential's Pruco Life Insurance Company unit has acquired a 49 percent stake i

    July 18, 2017 03:21 pm JST
  • Indonesian watchdog names parliamentarian as suspect in corruption case

    JAKARTA (Reuters) -- Indonesia's anti-corruption agency is investigating a member of parliament for allegedly causing state losses of at least 2.3 trillion rupiah ($173 million) during the implementation of a national electronic identity card, it sa

    July 18, 2017 12:50 pm JST
  • FT Confidential Research

    Caution required on Indonesia's plan for Batam

    Expectations of resurgent growth in Indonesia's Riau Islands province, stemming from plans to shift its designation from a free-trade zone (FTZ) to a special economic zone (SEZ) should be tempered, at least in the near term. Legal and regulatory iss

    July 18, 2017 11:00 am JST
  • Yamaha to build big engines for motorcycles, ATVs in Indonesia

    TOKYO -- Yamaha Motor is repurposing idle capacity at Indonesian production facilities to churn out large engines for motorcycles and all-terrain vehicles.The Japanese company plans to invest billions of yen, or tens of millions of dollars, between

    July 15, 2017 03:46 am JST
  • Philippines, Pakistan help motorcycle makers avoid the skids

    TOKYO/MANILA -- The Philippines and Pakistan have become bright spots in Asia's motorcycle market, helping to offset slowdowns in other key countries.Despite a population of 100 million, the Philippines' motorbike market is less than half that of Vi

    July 14, 2017 02:15 pm JST
  • IMF: ASEAN incentives risk 'race to the bottom' on tax revenue

    JAKARTA -- Competition among Southeast Asian countries to attract foreign investment through tax exemptions and incentives has proven "damaging" to their national revenues, the International Monetary Fund says.Sluggish global growth and this investm

    July 14, 2017 10:58 am JST
  • US viewed as world economic leader, but gap with China narrows

    NEW YORK -- While the U.S. can still tout a reputation as the world's premier economic power this year, its lead over China is far from solid as key partners and allies see the center of gravity shifting eastward, a Pew Research Center report releas

    July 14, 2017 06:11 am JST
  • New rules for civic groups in Indonesia draw activist ire

    JAKARTA -- New rules seen as aimed at clamping down on Islamist groups in Indonesia are drawing strong opposition from rights activists and some Muslim organizations, some of whom accuse the government of Joko Widodo of authoritarian tendencies.The

    July 13, 2017 07:59 pm JST