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  • What's next for China's 'World Bank'? Tuesday, 30 Jun 2015 | 10:00 AM ET
    Jin Liqun, left, current secretary general of the Multilateral Interim Secretariat of Asian Infrastructure Investment Bank, shakes hands with China's Finance Minister Lou Jiwei ahead of a signing ceremony of articles of agreement of the AIIB, at the Great Hall of the People in Beijing, June 29, 2015.

    How China's new Asian Infrastructure Investment Bank can rival the West's World Bank, says Curtis Chin.

  • JAKARTA, Indonesia— An Indonesian air force Hercules C-130 plane with 12 crew aboard has crashed into a residential neighborhood in the country's third-largest city Medan. Adam Malik hospital spokeswoman Sairi M. Saragih said Tuesday the hospital had received five bodies so far. An Indonesian air force Hercules C-130 plane with 12 crew aboard crashed...

  • China to have largest share in AIIB, followed by India. SHANGHAI/ BEIJING, June 28- One of China's biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank in Beijing. The multilateral institution, seen as a rival to the Western-dominated World Bank...

  • JAKARTA, June 23- Nationalistic policies imposed by Indonesia's previous administration- including a ban on unprocessed mineral exports- threw the resources sector into turmoil last year. Indonesia's resources sector contributed about 12 percent of GDP last year, or about $101 billion, but investment slipped and the ban on exporting minerals cost $6...

  • *Indonesian group to launch nationalist economic movement. *Muhammadiyah is country's second-largest Islamic group. PALEMBANG, Indonesia, June 23- Fed up with capitalists plundering Indonesia's riches, members of the country's second-largest Islamic group have drawn up plans to launch a "people's power" movement.

  • JAKARTA, June 21- Indonesian companies are shedding jobs as they grapple with the weakest economic growth in six years, adding to the troubles facing President Joko Widodo, who was elected last year on pledges to dig the country out of a rut. Young people are being hit hardest; the International Labor Organization estimated the youth jobless rate was more than 20...

  • Airbus edges Boeing in orders race at Paris air show Thursday, 18 Jun 2015 | 5:48 AM ET

    LE BOURGET, France— Europe's Airbus glided past Boeing to take top honors in their annual competition to sell commercial jets at the Paris Air Show. Airbus racked up $57 billion worth of business for 421 aircraft. The announcement of a provisional deal by European low-cost carrier Wizz Air for 110 A321neos— worth more than $12.5 billion at list prices— put the...

  • TOKYO— From the slopes of Mount Fuji to the temple streets of Kyoto, tourists are cramming Japan's prime sightseeing spots, puzzling their way through Tokyo subways, and splashing out cash on cosmetics, sushi and high-tech toilet seats. But Japan has become a hot destination as the exchange rate weakened from about 80 yen to the U.S. dollar in late 2012 to its...

  • JAKARTA, June 17- Singapore- listed palm giant Golden Agri-Resources has renewed its commitment to sustainability to address customer concerns after an international body accused one of its Indonesian subsidiaries of breaching land acquisition rules. Last month, a Golden Agri subsidiary was ordered by the Roundtable on Sustainable Palm Oil to halt buying...

  • *Number of ship attacks in Asia is rising- ReCAAP. KUALA LUMPUR/ SINGAPORE, June 15- A small oil tanker was hijacked off the southeast coast of Malaysia over the weekend in the second such incident in the same area this month, raising further concerns over piracy in Southeast Asia, maritime officials said on Monday. The Malaysian Maritime Enforcement Agency said the...

  • JAKARTA, June 15- Indonesia data contained the good news that the country's wide current account most likely is narrowing, but Monday also produced evidence that consumer demand is much weaker than expected ahead of the biggest shopping season. May produced a large trade surplus of $950 million, instead of $410 million seen in a Reuters poll, and that should help...

  • Indonesia to remove luxury goods tax: Minister Thursday, 11 Jun 2015 | 10:08 PM ET

    Indonesia is exempting most goods from a luxury tax to boost household consumption and revive faltering economic growth, the finance minister said.

  • NUSA DUA, Indonesia, June 10- The coal industry always seems to be looking for a white knight to rescue it from some crisis, and it is perhaps ironic that Indonesia, the world's largest exporter, is the next great hope that is to save global miners from the current supply glut. The theory is that as Indonesia ramps up domestic coal-fired power generation, it will rotate...

  • Are Asia’s markets facing a 'hike hissy'? Tuesday, 9 Jun 2015 | 7:26 PM ET

    Markets across Asia have dropped precipitously, but it's more of a hike hissy than a replay of the taper tantrum rout two years ago, analysts said.

  • Falling yen raises specter of "currency war" in Asia Tuesday, 9 Jun 2015 | 5:00 PM ET

    SINGAPORE, June 10- From South Korea to Indonesia and India, monetary authorities are preparing to let their currencies weaken as a falling Japanese yen makes their economies uncompetitive, and drags them into what some policymakers are calling a "currency war." An adviser to India's finance minister said the country's export growth was flailing not just...

  • How Bali inspired this Singaporean architect Monday, 8 Jun 2015 | 5:50 AM ET
    How Bali inspired this Singaporean architect

    This episode of "First Class" features Singapore-based architect Soo K. Chan who drew inspiration from Bali to create his luxury resort, Alila Villas Soori.

  • Here's how to eat, play and relax in Bali Monday, 8 Jun 2015 | 5:40 AM ET
    Here's how to eat, play and relax in Bali

    CNBC's Susan Li visits a wellness resort off the coast of Bali before popping by the hottest place in town for a weekend brunch.

  • CNBC jets off to the 'Island of the Gods' Monday, 8 Jun 2015 | 5:30 AM ET
    CNBC jets off to the 'Island of the Gods'

    In this episode of "First Class," Susan Li checks in at The Bulgari Hotel, where Italian style meets Balinese culture.

  • JAKARTA, June 7- The Muslim fasting month is traditionally a time of plenty in Indonesia: shoppers throng Jakarta's markets snapping up gifts to exchange at extravagant fast-breaking celebrations. But this year, Ramadan- which runs from mid-June- will be a more abstemious affair because widespread job losses, a spike in inflation and lower earnings from...

  • Need to relax? Try the 'Bali drug' Thursday, 4 Jun 2015 | 9:53 PM ET
    Need to relax? Try the 'Bali drug'

    Take a chill pill and enjoy this preview package of CNBC's "First Class" in Bali, Indonesia.