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  • Vandana Hari

    Iran sanctions -- dreaded deja vu for Asia

    For four long years, between 2012 and 2015, Asian companies were held hostage by U.S. demands to reduce their business dealings with Iran and throttle back their crude imports -- or face sanctions from Washington.Less than three years after the rest

    May 23, 2018 07:00 am JST
  • Falling stock market forces Wijaya Karya unit to delay IPO

    JAKARTA -- Wika Realty, subsidiary of state-owned contractor Wijaya Karya, has postponed its initial public offering because of the volatile market.Wika Realty, which offers property development, management and construction services, was looking to

    May 22, 2018 11:16 pm JST
  • Nikkei Asia300 Index falls as investor focus shifts to Fed minutes

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Tuesday as investors await the U.S. Federal Reserve's May meeting minutes.The Nikkei Asia300 Index declined 0.3% to 1,403.45. The index traded in a less than four points range before settling l

    May 22, 2018 08:34 pm JST
  • Go-Jek and MRT Jakarta team up to boost efficiency of public transport

    JAKARTA -- Indonesia's leading ride-hailing app operator Go-Jek and MRT Jakarta, the company behind the country's first high-capacity commuter rail network, Jakarta Mass Rapid Transit, on Tuesday signed a memorandum of understanding aimed at improvi

    May 22, 2018 06:00 pm JST
  • Asia's war on 'fake news' raises real fears for free speech

    JAKARTA -- With nothing more than a WhatsApp message, Indonesia's government in early May made its position on "fake news" clear: zero tolerance.For a few days, media reports had been circulating about a decision to issue visas to Israelis, citing t

    May 22, 2018 02:00 pm JST
  • Indonesian property tycoon eyes blockchain in digital push

    TOKYO -- Mochtar Riady, founder and chairman of Indonesia's Lippo Group, on Monday said he is pursuing blockchain technology to accelerate the digital transformation of the property-to-banking conglomerate.Speaking on the sidelines of a forum in Tok

    May 21, 2018 10:46 pm JST
  • Nikkei Asia300 Index rises as US-China trade worries cool

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose on Monday, as worries over a potential Sino-American trade war eased after the two nations agreed not to impose import tariffs on each other for now.The Nikkei Asia300 Index rose 0.3%

    May 21, 2018 08:12 pm JST
  • William Pesek

    Argentina should set alarm bells ringing in Asia

    Argentina's return to financial chaos might seem remote to Indonesia's Joko Widodo, but the rupiah's decline tells a different, and more troubling, story. And not just for Jakarta, but New Delhi and perhaps Beijing as well.Rising U.S. yields combine

    May 21, 2018 07:00 am JST
  • Google, Facebook and Amazon drive push for deep-sea cables in Asia

    TOKYO -- Half of the new undersea communication cables to be built over the next three years will connect to Asia as Google, Facebook and other big-name tech companies look to harness the region's mushrooming demand for bandwidth. Google is partic

    May 21, 2018 05:32 am JST
  • Japanese-Indonesian team to take on Java port project

    JAKARTA -- Three Japanese and two Indonesian companies are set to win a $1.2 billion contract to build a port in West Java, Indonesia's Ministry of Transportation said Sunday, as the country looks to improve a costly and inefficient logistics system

    May 21, 2018 03:36 am JST
  • Alibaba out to dominate mobile pay in Southeast Asia

    BANGKOK/SINGAPORE/SHANGHAI -- The Southeast Asian market for mobile payment services is undergoing an upheaval, with Chinese e-commerce giant Alibaba Group Holding at the center of the tumult.The group is backing Thai conglomerate Charoen Pokphand's

    May 19, 2018 12:57 pm JST
  • Nikkei Asia300 little changed as traders eye US-China trade talks

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan were little changed on Friday, as investors stayed on the sidelines ahead of the outcome of a meeting on trade between the U.S. and China.The Nikkei Asia300 Index edged 0.1% lower to 1,403.

    May 18, 2018 08:26 pm JST
  • Troubled Garuda enters code-share agreement with Sriwijaya Air

    JAKARTA -- Garuda Indonesia has entered into a code-share agreement with local airline Sriwijaya Air, as the loss-making flagship carrier struggles to return to profitability while facing the threat of a pilots' strike.State-owned Garuda signed the

    May 18, 2018 05:53 pm JST
  • Indonesia and Brazil fall off easing track as capital bleeds out

    NEW YORK/MIAMI, U.S. -- Rising U.S. interest rates have started drawing investment capital out of emerging markets like Indonesia and Brazil, sending monetary authorities on the defensive against runaway currency depreciation.Indonesia's central ban

    May 18, 2018 03:53 am JST
  • Indonesia raises interest rate for 1st time since 2014

    JAKARTA -- Indonesia's central bank has raised its benchmark interest rate for the first time in almost four years as it battles to stop the slide of the rupiah against rising U.S. interest rates.Bank Indonesia on Thursday decided to hike its benchm

    May 17, 2018 09:29 pm JST
  • Rising US yields drag Nikkei Asia300 Index lower

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan extended loss on Thursday, as concerns over trade relations between the world's largest economies and rising U.S. bond yields weighed on sentiment.The Nikkei Asia300 Index dropped 0.5% to 1

    May 17, 2018 08:15 pm JST
  • 'Population bonus' pushes up Asian growth

    TOKYO -- The International Monetary Fund forecasts that the global economy will grow by 3.9% this year, up from 3.7% the previous year, thanks to booming Asian economies. Countries and regions in Asia now make up more than half the increase in world

    May 17, 2018 07:50 pm JST
  • Singtel to focus on digital business as competition heats up

    SINGAPORE -- Singapore Telecommunications, or Singtel, aims to grow its digital business to strengthen competitiveness as competition intensifies in the telecom industry.At a financial results briefing on Thursday, Singtel group CEO Chua Sock Koong

    May 17, 2018 04:31 pm JST
  • Conservationists on Borneo fight to save the world's smallest bear

    SANDAKAN, Malaysia Early in April, news came from Riau, on the Indonesian island of Sumatra, that hunters had captured four sun bears, three of which they cooked to make rendang, a popular curry dish.The report shocked Southeast Asian conservationis

    May 17, 2018 10:00 am JST
  • Chinese smartphone makers in all-out blitz for Southeast Asia

    BANGKOK/JAKARTA -- The combined sales of three Chinese mobile phone brands in Southeast Asia edged past Samsung Electronics' tally for the first time last year.As Chinese makers move to counter their saturated home market and an increasingly disputa

    May 16, 2018 08:56 pm JST