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Indonesia

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  • *10 years on from Boxing Day tsunami, weaknesses remain. BANGKOK, Dec 21- In April 2012, Indonesia's Banda Aceh, the city worst hit by the tsunami that killed at least 226,000 people on Boxing Day ten years ago, received a terrifying reminder of how unprepared it was for the next disaster. But if it had, the damage would have been "worse than 2004, if it was the same...

  • WASHINGTON/ PARIS, Dec 16- Alstom SA is close to settling a bribery case with the U.S. Justice Department for $700 million, a person close to the matter said on Tuesday, in what would be the largest criminal fine levied by the United States for foreign bribery. A top Justice Department official said in a speech last month that Alstom executives along with Japanese...

  • SHANGHAI/ HONG KONG, Dec 16- China will slash export tariffs for coal from Jan. 1 and adjust those for a range of other commodities as part of broader efforts to re-order trade and foster economic growth. Despite the sharp drop in coal export taxes, industry experts said there was little risk of Chinese supplies flooding the Asian Pacific seaborne market as...

  • JAKARTA/ SINGAPORE, Dec 15- The Indonesian rupiah tumbled to its lowest level since August 1998 on Monday as declining risk appetites and increasing demand for dollars to settle year-end foreign loan payments put pressure on the country's currency, bonds and shares. Bank Indonesia said that it was acting in both the foreign exchange and bond markets to help...

  • *Court banned Xiaomi selling in India on Dec. 10. *Xiaomi was fastest growing vendor in India. MUMBAI/ BEIJING, Dec 14- The court order that banned Chinese mobile maker Xiaomi from selling its phones in India has halted its breakneck expansion into the world's fastest growing major smartphone market and could be just the start of a string of patent challenges.

  • SINGAPORE/ HANOI, Dec 12- A co-founder of GrabTaxi, Uber's biggest competitor in Southeast Asia, remarked earlier this year that safety is so central to the online taxi booking business that some of his drivers feel like they are tracked at every moment- even when they go to the bathroom. Uber has since been banned in the Indian capital, adding to bans or legal action...

  • SINGAPORE/ HANOI, Dec 12- A co-founder of GrabTaxi, Uber's biggest competitor in Southeast Asia, remarked earlier this year that safety is so central to the online taxi booking business that some of his drivers feel like they are tracked at every moment- even when they go to the bathroom. Uber has since been banned in the Indian capital, adding to bans or legal action...

  • 'Berlin Wall' climate divide looms over Lima Wednesday, 10 Dec 2014 | 7:37 PM ET

    Since then, however, nations such as Singapore or Mexico have grown rich but are still deemed "poor". In Lima, representatives of 192 countries are trying to craft a new accord that will hold developed nations responsible for their past emissions but that will also put on the hook some emerging economies that will emit most carbon in future. Countries are grappling...

  • *Thai order comes on same day as New Delhi ban. *Uber cancels Monday meet with Vietnam authorities. BANGKOK, Dec 9- Thailand has ordered U.S. online taxi booking company Uber to cease operations, on the same day taxi apps were banned in the Indian capital New Delhi where an Uber driver is under arrest for suspected rape.

  • How Lazada is tapping Asian e-commerce  Thursday, 4 Dec 2014 | 10:33 PM ET

    Maximilian Bittner, CEO at Lazada Group, discusses the start-up's plans to dominate the online shopping space in Asia.

  • SINGAPORE, Dec 4- Japanese telecoms firm SoftBank Corp has pumped in $250 million to become the top investor in Southeast Asian mobile taxi-booking application GrabTaxi Holdings Pte Ltd, its biggest investment in a Southeast Asian Internet firm. GrabTaxi, which allows customers to order cabs closest to their location by mobile phone, operates in Singapore,...

  • *Good news for robusta growers such as Vietnam, Indonesia. MUMBAI/ SEOUL, Dec 4- Mumbai civil servant Sachin Kenjale regularly ends his day with a steaming cup of instant coffee after trying the drink for the first time with friends around two years ago. Reaching that milestone would underscore a major market shift, with robusta's popularity soaring as increasing...

  • JAKARTA, Dec 3- Indonesia may force state giant Pertamina to disband its Singapore trading unit or relocate it to bring more transparency to operations that supply the country with one-third of its daily oil needs, said a member of the government's energy reform team. But it was the first time a member of his government had raised the possibility of disbanding...

  • Oil prices could fall another $5 to $10: Pro  Tuesday, 2 Dec 2014 | 10:14 PM ET

    Tan Min Lan, APAC Regional Head of the Chief Investment Office, says further declines in oil prices will be positive for global risk assets.

  • World Bank: East Asia is strongest growing region  Tuesday, 2 Dec 2014 | 8:36 PM ET

    Axel Van Trotsenburg, Vice President for East Asia and Pacific at World Bank, outlines the organization's forecasts for the year ahead.

  • *Three units of Bumi Resources miss debt interest payments. JAKARTA, Dec 2- Shares in Indonesia's biggest coal miner PT Bumi Resources Tbk rose the most on Tuesday in over four months after three of its units filed for protection from U.S. creditors after failing to make debt interest payments. According to the U.S. filing, Bumi Investment and Bumi Resources missed...

  • Nikkei to breach 18,000: Expert  Monday, 1 Dec 2014 | 8:14 PM ET

    Despite uncertainty over upcoming elections and a slow economic recovery, Jonathan Pain, Author of "The Pain Report" and Director of JP Consulting, says the stock market will go higher.

  • Indonesia inflation rises in November  Monday, 1 Dec 2014 | 12:16 AM ET

    Vishnu Varathan, Senior Economist at Mizuho Bank, explains why Indonesia is experiencing pent-up inflation amid a backdrop of commodity disinflation.

  • Don't read too much into Indonesia PMI: Economist  Sunday, 30 Nov 2014 | 10:47 PM ET

    Daniel Martin, Asia Economist at Capital Economics, explains why he isn't worried about data showing November factory activity falling to a three-year low.

  • Indonesia inflation remains benign: Morgan Stanley  Sunday, 30 Nov 2014 | 7:44 PM ET

    Deyi Tan, Executive Director at Morgan Stanley Research, says the hike in fuel prices will lead to higher consumer price inflation in November but warns that investors shouldn't worry too much.