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Asia-Pacific News South and Southeast Asia

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  • JAKARTA, Sept 2- Indonesia will pledge to increase its commitments on cutting greenhouse gas emissions growth by 29 percent by 2030, the environment and forestry minister said on Wednesday, but giving few details on how this would be done. Indonesia, ranked third in the amount of land covered by tropical forests and the world's top palm oil producer, is likely to...

  • *Gold steadies after 4- day advance as Fed clues awaited. LONDON, Sept 2- Gold steadied on Wednesday after a four-day rally, as uncertainty over the timing of a looming U.S. rate hike kept a lid on prices, with a retreat in stocks after weak U.S., Chinese and European manufacturing data lending some support. Gold has risen 2 percent since a sharp slide last week bottomed...

  • ANN ARBOR, Mich.— India's largest SUV maker is ready to make its debut on U.S. roads. Mahindra hopes to win over city and campus dwellers with a $2,999, Vespa-like electric scooter called the GenZe, which goes on sale this fall in California, Oregon and Michigan. Sales could soon expand to other states and Europe.

  • *Indonesia is' racing against time'- president. JAKARTA, Sept 2- Indonesia's president on Wednesday promised quick and "massive deregulation" to attract much needed investment in Southeast Asia's largest economy. This is the latest move by President Joko Widodo to try to improve investor sentiment about Indonesia, which has soured recently due to slowing...

  • JAKARTA, Sept 2- Indonesia's president promised quick "massive deregulation" on Wednesday to improve investor sentiment in Southeast Asia's largest economy. "We need to carry out massive deregulation and introduce new regulations that will really create a good climate for the economy as soon as possible. We are racing against time, "President Joko Widodo said...

  • JAKARTA, Sept 2- Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund said in Jakarta on Wednesday. "What has been demonstrated in the last few weeks is how much Asia is at the core of the global economy, and how much disruption in one market in Asia...

  • *Gadkari tackles $57 billion infrastructure backlog. NAGPUR, India, Sept 2- The man Prime Minister Narendra Modi has tasked with launching a China-style infrastructure boom calls himself a "bulldozer" and promises to add two percentage points to India's economic growth in two years. Modi chose the 58- year-old former president of his Hindu nationalist...

  • JAKARTA, Sept 2- Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund said in Jakarta on Wednesday. "What has been demonstrated in the last few weeks is how much Asia is at the core of the global economy, and how much disruption in one market in Asia...

  • DIARY- Top Economic Events to Sept 14 Tuesday, 1 Sep 2015 | 8:01 PM ET

    STOCKHOLM- Swedish Central Bank holds monetary policy meeting. Speakers:- International Monetary Fund Managing Director Christine Lagarde, Reserve Bank of India Deputy Governor Urjit Patel, Bank of Japan Deputy Governor Hiroshi Nakaso, Indonesia Finance Minister Bambang Brodjonegoro and IMF Monetary and Capital Markets Department Division Chief Ulric...

  • Speaking in a lecture at the University of Indonesia, Lagarde said the global economic situation will have a significant impact on developing countries, including Indonesia. She said Indonesia, like many emerging market economies, is being buffeted by another bout of global financial turbulence. The rupiah, Indonesia's currency, has fallen beyond 14,000 per...

  • BEIJING, Sept 1- China's gyrating stock market is likely to affect businesses, but the impact should be contained as the economy is still a developing one, an official at the country's top economic planner said on Tuesday. Remarking on a near 40 percent plunge in Chinese shares from a peak in mid-June, Ning Jizhe, vice chairman of the National Development and Reform...

  • Changing tastes churn up ice cream industry Tuesday, 1 Sep 2015 | 6:41 AM ET

    *Unilever, Nestle challenged by niche, regional brands. ZURICH/ LONDON, Sept 1- Changing tastes and distribution challenges in emerging markets are opening up an ice cream industry long dominated by global food companies such as Unilever and Nestle. That's posing a challenge to Unilever and Nestle, which together control about a third of a global market that...

  • DUBAI, Sept 1- Iranians are likely to become major buyers of Dubai property again if sanctions against the Islamic Republic are lifted, providing a much-needed fillip to the emirate's real estate sector, consultants Cluttons said. Dubai property prices have fallen slightly this year, ending a sustained rebound from 2008-9 crash after tougher regulations to...

  • BANGKOK, Sept 1- Police hunting those responsible for Thailand's deadliest bombing arrested a second foreign suspect on Tuesday, Prime Minister Prayuth Chan- ocha said. The man was arrested in Sa Kaeo province, on the border with Cambodia east of Bangkok. The suspect was being transferred to Bangkok for questioning.

  • LONDON, Sept 1- Gold rose nearly 1 percent on Tuesday as the dollar and global equities dropped on fresh signs of economic weakness in China and uncertainty over the timing of the Federal Reserve's first interest rate increase in nearly a decade. Spot gold rose 0.7 percent to $1,142.40 an ounce by 0911 GMT, while U.S. gold for December delivery climbed 0.8 percent...

  • MUMBAI, Sept 1- India's competition authority has accused Google Inc of abusing its dominant position in online search, people with knowledge of the matter said, which if proven could force the U.S. company to alter its practices in a key market or even pay a big fine. A preliminary report from the Competition Commission of India, a quasi-judicial regulatory body,...

  • PHUKET, Thailand— An Australian journalist and his Thai colleague were acquitted Tuesday in a criminal defamation lawsuit filed by Thailand's navy over an online news report about the trafficking of refugees from Myanmar. Alan Morison and Chutima Sidasathian were facing up to seven years in prison over a report in their online news website "Phuketwan" saying...

  • MUMBAI, Sept 1- The rescue of India's economy may come down to the spending power of people like 26- year-old Avni Rambhiya. From rising retail loans to a pick-up in movie ticket sales, there are early signs of a recovery in spending in Asia's third-largest economy. "The headwinds of 2013 that pushed down consumer spending have turned positive now," said Siddhartha...

  • *Gold eyes strongest monthly gain since January. NEW YORK/ LONDON, Aug 31- Gold steadied on Monday, bouncing up from session lows as oil prices rallied and the U.S. dollar fell, after bullion felt earlier pressure on indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil. "It was oil that sparked the short-covering,"...

  • *Weakness in India's services sector drags growth. While doubts still persist over India's new way of calculating GDP, even though the method gained an endorsement from the World Bank's chief economist, there is no denying the fact that the economy is still struggling to gather steam. "There's a lot of emphasis that's being put on the opportunities that lie ahead...