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  • FT Confidential Research

    Asean-5 survey shows little faith in political leaders

    Citizens across the Asean region see little cause for confidence in their governments, according to FTCR's Asean Political Sentiment Indices for the second quarter of this year.The index fell in three of the five countries surveyed, with only the Ph

    July 13, 2017 09:00 am JST
  • Bank Mandiri invests in cashless payment startup

    JAKARTA -- The venture capital unit of Indonesia's largest lender by assets, Bank Mandiri, on Wednesday said it is leading a $2 million funding round for local financial technology startup Cashlez, which claims to offer a portable, more user-friendl

    July 13, 2017 02:16 am JST
  • FT Confidential Research

    Shine comes off Asean consumer confidence

    Political risk in Thailand and inflation concerns in Indonesia contributed to a fall in the FTCR Asean Economic Sentiment Index to 59.3 in the second quarter, from 61.9 in the first. Those worries and a dip in confidence in the Philippines were enou

    July 11, 2017 11:00 am JST
  • Growth prospects steady in Asian economies as Trump risk recedes

    Economists predict steady growth will continue in major Southeast Asian countries and India for 2017 and beyond, keeping their forecasts near the same levels as in the previous survey conducted three months ago. Concerns over protectionism and other

    July 11, 2017 07:00 am JST
  • Business services sector leads Asian growth in June PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for June showed output growth in 15 of the 19 sectors monitored.Commercial & professional services (55.8) marked the sharpest growth, followed by beverages & food (55.0) and insuran

    July 10, 2017 09:30 am JST
  • Indonesia -- Mitsubishi Corp.'s second 'homeland'

    BEKASI REGENCY, Indonesia -- Japan's Mitsubishi Corp. has come up with a business model to sidestep the country's shrinking population -- export Japanese consumption habits to Indonesia.The trading company has asked Japanese food and daily goods mak

    July 8, 2017 01:09 pm JST
  • Two Southeast Asian exhibitions open in Tokyo

    TOKYO -- Two groundbreaking exhibitions of Southeast Asian art opened in the Japanese capital in early July. One tells the story of the immense changes the region has experienced over the past few decades; the other focuses on Thailand's long histor

    July 8, 2017 10:00 am JST
  • Stylish Muslim shoppers give clothiers way into Southeast Asia

    SINGAPORE/ISTANBUL/KUALA LUMPUR -- Clothing companies from the Middle East and elsewhere have begun catering to Southeast Asia's sizable Muslim population with affordable and fashionable takes on traditional garments, betting on rapidly rising deman

    July 8, 2017 05:05 am JST
  • TPP 11 to discuss writing US out of trade pact

    TOKYO -- Representatives of the 11 countries trying to salvage the Trans-Pacific Partnership trade and investment agreement will meet in Japan next week to discuss in depth for the first time how to proceed without America.The negotiators will gathe

    July 8, 2017 05:01 am JST
  • Japan's Daiwa House to build first residential project in Jakarta

    OSAKA -- Daiwa House Industry will participate in a development project in a suburb of Jakarta, the Japanese homebuilder announced Friday, joining with local developers to erect a roughly 5,000-unit, mixed-use condomedium complex.The project is expe

    July 8, 2017 02:06 am JST
  • Indonesia moving to domestic switching for debit, credit cards

    JAKARTA -- Indonesia is to enforce its new integrated national payment system by requiring that all domestic debit card transactions are processed onshore from mid-2018 onwards, and credit cards the following year.Bank Indonesia last month issued a

    July 8, 2017 12:00 am JST
  • Legal woes mount for Indonesian media mogul

    JAKARTA -- Hary Tanoesoedibjo has built a sprawling media conglomerate, partnered with U.S. President Donald Trump, and hinted at running for the presidency himself in Indonesia's 2019 election.But in recent weeks, Tanoesoedibjo has been forced to d

    July 7, 2017 09:03 pm JST
  • MUFG leads Japan megabanks' charge into SE Asia

    TOKYO -- Japan's three megabank groups are strengthening ties with Southeast Asian banks in an effort to broaden their customer base and expand the types of services offered.Mitsubishi UFJ Financial Group's Southeast Asian lending balance rose 9% in

    July 7, 2017 10:01 am JST
  • Indonesia leads regional bid to co-host 2034 World Cup

    JAKARTA -- The Football Association of Indonesia, commonly known as PSSI, said Thursday it has government support for a bid to co-host the 2034 FIFA World Cup with other Southeast Asian countries.PSSI's bid in 2010 to host the 2022 World Cup went no

    July 7, 2017 02:39 am JST
  • Earnings preview

    Asahi Glass profit seen 25% brighter on chemical products

    TOKYO -- Asahi Glass likely lifted consolidated operating profit 25% on the year to around 50 billion yen ($442 million) for the January-June half, thanks to brisk sales of polyvinyl chloride in Southeast Asia and glass for buildings in Europe.The p

    July 7, 2017 02:00 am JST
  • Bank Mandiri to expand in Malaysia as first 'ASEAN bank'

    JAKARTA -- Bank Mandiri will expand operations in Malaysia by using its newly awarded status as a cross-regional lender, Indonesia's largest state-owned bank said Thursday.Mandiri said it is the first bank in the region to be designated a qualified

    July 7, 2017 01:21 am JST
  • ASEAN's manufacturing index comes in flat as demand wanes

    HONG KONG After five months of expansion, Southeast Asia's manufacturing activity turned flat in June, with the Nikkei ASEAN Manufacturing Purchasing Managers' Index standing at the boom-or-bust line of 50.Indonesia, Myanmar and Malaysia experienc

    July 6, 2017 10:00 am JST
  • What doomed the 7-Eleven Indonesian adventure?

    JAKARTA When 7-Eleven convenience stores began popping up in Indonesia in 2009, they certainly looked like they would be a success. The stores stayed busy and local operator Modern Internasional made plans to expand the chain's reach outward from Ja

    July 6, 2017 10:00 am JST
  • Two Southeast Asian exhibitions open in Tokyo

    TOKYO Two groundbreaking exhibitions of Southeast Asian art opened in the Japanese capital in early July. One tells the story of the immense changes the region has experienced over the past few decades; the other focuses on Thailand's long history.

    July 6, 2017 10:00 am JST
  • Stephen Grenville: How the Asian financial crisis exposed neoliberalism's limits

    July marks the 20th anniversary of the float of the Thai baht, the opening signal of the Asian financial crisis. None who watched the crisis unfold realized at the time that it marked the end of the "Asian miracle" for the countries involved.By the

    July 6, 2017 10:00 am JST