Asia-Pacific News Southeast Asia

  • *Cockpit voice recorder says were airspeed, altitude issues. JAKARTA, March 21- Indonesian investigators said on Thursday the cockpit voice recorder from a crashed Lion Air Boeing Co 737 MAX 8 jet showed pilots were searching for the right checklist in their handbooks and were experiencing airspeed and altitude issues. Nurcahyo Utomo, an investigator at...

  • NEW DELHI, March 21- Sri Lanka's state-run Board of Investment said on Thursday that Oman's government-controlled Oman Oil Co has made it clear it is interested in taking a stake of up to 30 percent in a new oil refinery project on Sri Lanka's south coast. The board also said another Oman entity, Oman Trading International, is willing to supply the entire feedstock...

  • NEW DELHI/ MEXICO CITY, March 21- India's Reliance Industries is selling fuels to Venezuela from India and Europe to sidestep sanctions that bar U.S.-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data. Reliance had been supplying alkylate, diluent naphtha and other fuel to Venezuela through its...

  • Bike passengers wearing Helmet with Gojek logo.

    To tap the massive potential of Indonesia's electronic payment market, Go-Pay is planning to "strengthen and deepen" its position in that space, according to its CEO Aldi Haryopratomo.

  • *Europe, Canada seek own certification for MAX jets. The same panel, the Senate Commerce subcommittee on aviation and space, will also question FAA officials on March 27, likely about why the regulator agreed to certify the MAX planes in March 2017 without requiring extensive additional training. Initial reports from investigators say there are clear...

  • The US could be in recession by mid-2020: Strategist

    Paul Kitney of Daiwa Capital Markets discusses the state of the global economy. He says there are opportunities in emerging markets such as the Philippines, Indonesia and India because their growth is not geared into the trade cycle as much as North Asian economies.

  • LONDON/ GENEVA, March 20- Iranian leaders vowed on Thursday to control soaring prices, bring stability to the national currency and create jobs as the nation marked the end of a year of economic crisis fueled by renewed U.S. sanctions. Iran's Supreme Leader Ayatollah Ali Khamenei said in a new year speech that the Islamic Republic successfully resisted the U.S....

  • ADDIS ABABA/ JAKARTA/ WASHINGTON, March 20- Boeing Co faced growing pressure in Washington on Wednesday with U.S. lawmakers calling for executives to testify about two crashed 737 MAX jets even as the world's biggest planemaker works to overcome obstacles to returning the grounded fleet to the skies. The Senate hearing, at an unspecified date, would be the first...

  • *Europe, Canada seek own certification for 737 MAX jets. ADDIS ABABA/ JAKARTA/ WASHINGTON, March 20- The world's biggest planemaker Boeing faced growing obstacles on Wednesday to returning its grounded 737 MAX fleet to the skies, while details emerged of an Indonesian crash with potential similarities to the Ethiopian disaster. The March 10 Ethiopian Airlines...

  • *Europe, Canada seek own certification for 737 MAX jets. The March 10 Ethiopian Airlines crash has shaken the global aviation industry and cast a shadow over the flagship Boeing model intended to be a standard for decades to come, given parallels with the Lion Air calamity off Jakarta in October. Chicago- headquartered Boeing has promised a swift update of...

  • NEW DELHI, March 20- Oman's oil ministry on Wednesday denied being part of a $3.85 billion plan to build an oil refinery in Sri Lanka, a day after the government in Colombo announced the Arab country's participation. "No one on this side of the panel is aware of this investment in Sri Lanka," Salim al-Aufi, undersecretary of Oman's ministry of oil and gas, told a news...

  • NEW DELHI, March 20- State Bank of India's chairman said on Wednesday that putting Jet Airways into bankruptcy is the "last option" and that its lenders are making every effort to keep the airline flying. "We believe that it is in everybody's interest that Jet Airways continues to fly," SBI chairman Rajnish Kumar told reporters after a meeting with government...

  • *Poland releases robust industrial output figures. BUDAPEST, March 20- The forint set 11- month highs on Wednesday due to expectations for dovish comments from the Federal Reserve later in the day and monetary tightening by the Hungarian central bank next week. The forint traded at 312.7 against the euro at 0947 GMT, near an intraday- and 11- month high of 312.65,...

  • Impact of RCEP on China and Southeast Asia

    Christian de Guzman of Moody's Investors Service discusses the state of the Chinese economy and the impact of proposed free-trade agreements such as the Regional Comprehensive Economic Partnership.

  • SEOUL, March 20- The breakdown at last month's U.S.- North Korea summit has left South Korean President Moon Jae- in with little room to manoeuvre and exacerbated divisions within his government over how to break the impasse, three sources familiar with the issue said. The weeks since the Hanoi summit have revealed how difficult it may now be for Moon to play his...

  • SEOUL, March 20- The breakdown at last month's U.S.- North Korea summit has left South Korean President Moon Jae- in with little room to maneuver and exacerbated divisions within his government over how to break the impasse, three sources familiar with the issue said. The weeks since the Hanoi summit have revealed how difficult it may now be for Moon to play his...

  • CHINCHOLI, India, March 20- A few years ago, in this sweltering corner of western India, the horizon was dotted with hunched, barefoot women swinging sickles all day to cut wheat for the spring harvest. Chhaya Kharade, 36, and other women doing lighter farm work were gradually replaced by the machines that now crisscross wheat, sugar cane and onion fields...

  • COLOMBO, March 19- India's Accord Group and Oman's Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country. India has been concerned in the past few years about China muscling into Sri Lanka and other countries in the region where India is the...

  • Sam Sentana of Tokopedia says the company empowers members of its ecosystem by making loans "sustainable."

  • *India gearing up for general election starting April. *India one of world's fastest-growing aviation markets. NEW DELHI, March 19- India's government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election, two...