News

21Aug 2018

Finance Minister Sri Mulyani has said that Indonesia should be aggressive in looking for new palm oil markets because of various problems in the traditional markets, such as negative campaigns against the commodity and the impact of the ongoing trade war. “We should not act defensively or just wait and see,” said Sri Mulyani when […]

21Aug 2018

Daikin Industries, (6367.T) the world’s largest maker of air conditioning equipment, is turning to Africa for further expansion, 10 years after a successful gamble on sharing its key technology with a Chinese company. As Japanese manufacturers such as Panasonic stepped back from home appliances over a decade ago to avoid price wars with Asian rivals, […]

20Aug 2018

America’s corporate bosses could be excused if they don’t agree with President Donald Trump’s boasts that a trade war is “easy to win.” They can just reflect on the levers of pain China pulled against South Korean-owned businesses last year to imagine a state-nudged boycott against Starbucks or shutdown of Nike’s factories. China vows to […]

20Aug 2018

Apple Inc.’s pulled thousands of gambling apps from its Chinese store after the nation’s state-run broadcaster accused the smartphone maker of dragging its feet on cleaning up banned content. Government-controlled media including China Central Television attacked Apple this month for hosting illegal and fake lottery-ticket apps, which they said resulted in massive losses for hoodwinked users. On Sunday, […]

20Aug 2018

Malaysia has made a record seizure of 50 rhino horns worth an estimated $12 million at Kuala Lumpur airport as they were being flown to Vietnam, authorities said Monday. Customs officials found the parts in cardboard boxes on August 13 in the cargo terminal of the capital’s airport, said Abdul Kadir Abu Hashim, head of […]

20Aug 2018

Singapore National Day is celebrated every August 9th. In Indonesia, the excitement of Singapore National Day took place a week later, precisely on August 14, 2018. Located at Shangri La Hotel, Jakarta, Ambassador H.E. Anil Kumar Nayar invited Indonesian Minister of Industry Airlangga Hartarto and the audience to toast while celebrating the warmth of Singapore […]

16Aug 2018

New Zealand’s Parliament passed a law on Wednesday (Aug 15) to ban many non-resident foreigners from buying existing homes, completing the Labour-led government’s election campaign pledge. The ban only applies to non-residents. Australians and Singaporeans are exempted because of free-trade deals. Jacinda Ardern, New Zealand’s popular 38-year-old prime minister, campaigned before last September’s election on […]

16Aug 2018

Indonesian coal production was recorded at 180 million tons on Wednesday, or 37.11 percent of the government’s 485 million target this year. However, President Joko “Jokowi” Widodo has said he wanted Indonesia to further increase coal production to 585 million by year-end as part of efforts to narrow the current-account deficit (CAD). “Yesterday [Tuesday], during […]