Latest Southeast Asia News
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Acset sees Rp 3t in contracts eyes MRT Jakarta subcontracting
Paper Edition | Page: 13 Construction company PT Acset Indonusa is expecting more property and infrastructure projects, including development in the capital city.Finance director Agustinus Hambadi said on Tuesday that the company was targeting work on projects worth Rp 3 trillion (US$307 million) in total by the year end, a 10 percent increase compared to a year earlier.He said the company had ...
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Cardig Aero to soar on new wings in airline biz
Paper Edition | Page: 13 PT Cardig Aero Services (CASS), a company providing in-flight catering, is targeting to post a 29 percent revenue increase by year's end as it has secured new clients.Cardig CEO Nurhadijono Nurjadin said on Tuesday that the company's revenues floated up by 29 percent in the first quarter of the year to Rp 301.3 billion (US$30.7 million) from the same period ...
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Editorial Uphill tasks for Chatib
Paper Edition | Page: 6 M. Chatib Basri -- who was installed on Tuesday as the new finance minister to replace Agus Martowardojo, who is to head Bank Indonesia (Central Bank) -- had all along been the front-runner and most qualified candidate to lead the fiscal management all along.Chatib fulfills all the fundamental requirements to lead the fiscal management --he is not affiliated with any ...
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Indian Shares Rise On Asian Cues
Indian shares edged higher on Wednesday, tracking firm Asian cues amid expectations that the Fed would stick to its $85 billion monthly bond-buying program until next year to bolster the economic recovery.Meanwhile, the Bank of Japan concluded its two-day policy meet with Governor Haruhiko Kuroda pledging to conduct money market operations so that the monetary base will increase at an annual ...
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The June 7-8 Obama-Xi Summit Likely Start Of A New Asian Order
US President Barack Obama (2nd R) and Chinese Vice President Xi Jinping (2nd L) speak alongside translators during meetings in the Oval Office of the White House in Washington, DC, February 14, 2012. The White House on Tuesday welcomed China's likely next leader Xi Jinping, with President Barack Obama looking to push Beijing on a range of concerns yet also work for smoother future ...
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Exchange rate policy still relevant for Singapore monetary authority chief
exchange rate policy remains Singapore's most potent tool against inflation, its government is relying more on special policy tools to nip bubbles in the bud before they form. The use of such macroprudential policies, including the recent property cooling measures, is becoming increasingly important in an era of cheap money, said Monetary Authority of Singapore (MAS) managing director Ravi ...
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Thai PM to address Lankan Parliament
Thailand's Prime Minister Yingluck Shinawatra is scheduled to address the Sri Lankan parliament on May 31. Prime Minister Shinawatra is scheduled to arrive in the country on May 30 on an official tour and she will be the third female state leader to address the parliament, according to sources. Former Indian Prime Minister Indira Gandhi and British Prime Minister Margret Thatcher had ...
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Pakistans Imran Khan leaves hospital after fall
Imran Khan hospitalised after falling at election rally Pakistani cricket-hero-turned-politician Imran Khan left hospital on Wednesday after treatment for back injuries suffered in a fall in Lahore, television stations said. Khan, who has been fitted with a spinal brace to aid recovery, fell from a fork-lift taking him to a poll campaign podium on May 7. A general election four days later ...
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Eye of Myanmars sectarian storm
In March this year, the town of Meiktila in central Myanmar was engulfed in deadly sectarian violence that destroyed whole blocks of housing, shops and ...
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Death toll at Freeport-McMoRan mine in Indonesia rises to 28
Freeport-McMoRan Copper & Gold said 28 people died in a recent mine accident in Indonesia. Freeport-McMoRan Copper & Gold Inc. officials in Indonesia said a final death toll in a mining accident there had reached 28. Bloomberg reported the company said there would be a day of mourning. The mine is the second-largest copper produce in the world for the Phoenix-based Freeport. Mining at the ...
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Cartoonist draws wrath of Thai prime minister
Police want to question a political cartoonist in a defamation case brought by Prime Minister Yingluck Shinawatra over comments he reportedly made about her on ...
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UN chief Ban Ki Moon urges Myanmar to end practice of child soldiers in army
UN Secretary-General Ban Ki Moon said Myanmar's government has made progress in reducing the recruitment of children into the armed forces but still needs to stamp out the ...
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Singapore holds key in DBS deal
Paper Edition | Page: 1 The Indonesian central bank has given its approval for DBS Group Holdings Ltd. to acquire a 40 percent stake in Bank Danamon, less than the 99 percent proposed by the Singapore financial group in April last year.Bank Indonesia (BI) governor Darmin Nasution said in Jakarta on Tuesday that DBS Group could acquire a larger stake in Danamon only if the Monetary Authority of ...
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Chatib vows prudence better planning
On the day of his inauguration, Finance Minister Chatib Basri said that his priority would be fiscal prudence while helping ministries with poor budget planning.Indonesia needed to review fuel subsidies burdening the state budget, especially since the subsidies benefitted the rich and the middle class the most, Chatib said on Tuesday after receiving his mandate from Coordinating Economic ...
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KPK to seize yet another luxury home from Luthfi
The Corruption Eradication Commission (KPK) says it will soon seize a fifth luxury home from Luthfi Hasan Ishaaq, the former Prosperous Justice Party (PKS) chairman implicated in the beef import scandal.KPK spokesperson Johan Budi said that the address of the 440-square-meter house was Jl. Kebagusan Dalam I No. 44 in Pasar Minggu, South Jakarta. "The house is some kind of a townhouse," ...
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Jakarta mulls topping up healthcare premium
Paper Edition | Page: 2 Acknowledging miscalculations in the healthcare scheme that triggered the withdrawal of 16 private hospitals from the program, Governor Joko "Jokowi" Widodo said on Tuesday that the government would consider increasing the amount of the premium."We will recalculate the amount of the premium. Maybe Rp 23,000 [US$2.37] was not enough, but we -- the city ...
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State revenue to dip after PTFI stops operations
Paper Edition | Page: 3 The government has instructed PT Freeport Indonesia (PTFI), a subsidiary of US mining giant Freeport McMoRan Copper and Gold, to cease all operations until an investigation into a fatal incident at its Papua training facility is concluded.As a consequence, the government is likely to lose US$1.82 million in state revenue every day during the suspension of operations at ...
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New BKPM chief to be named soon
Paper Edition | Page: 3 President Susilo Bambang Yudhoyono will likely soon appoint a new head of the Investment Coordinating Board (BKPM) to replace Chatib Basri, who started as finance minister on Tuesday.Coordinating Economic Minister Hatta Rajasa said that the President had a short list of candidates to head the BKPM. Declining to mention names, Hatta said that Chatib's replacement ...
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Certified timber ‘still needs to be checked’
Paper Edition | Page: 3 Indonesian timber products exported to the European Union (EU) are still subject to verification checks at local custom offices even though they have been certified under the national Timber Legality Verification System Certificate (SVLK), an EU envoy has said.Multistakeholder Forestry Program (MFP) UK co-director Andy Roby said in Jakarta on Tuesday that the certified ...
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RI and PNG plan joint exploration in border areas
Paper Edition | Page: 3 Indonesia has agreed to team up with neighboring Papua New Guinea (PNG) to explore potential oil and gas reserves in border areas as the former shifts its oil and gas exploration focus to the eastern part of the archipelago.Energy and Mineral Resources Minister Jero Wacik said after a meeting with PNG Public Enterprises and State Investment Minister Ben Micah on Tuesday ...
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Democrats PKS win Sawahlunto mayoral race
Paper Edition | Page: 5 The Sawahlunto General Elections Commission (KPUD) announced on Tuesday that Ali Yusuf and Ismed had won the local mayoral race.Ali and Ismed were backed by the Democratic Party (PD), the Prosperous Justice Party (PKS) and the Indonesian Justice and Unity Party (PKPI).Ali gave Golkar the cold shoulder and was thrown out from the party for running on another ticket. His ...
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Security intensified ahead of revote
Paper Edition | Page: 5 Buleleng Police are committed to tighten security during the revote in the Bali gubernatorial election at TPS 3 polling station in Bungkulan village, Sawan district in Buleleng, north Bali, on Wednesday.One community control team (Dalmas) will be deployed around 400 meters from the polling station to safeguard the revote, while two police officers have been tasked with ...
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Take action against man who married 13-year-old Syariah lawyers say
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Syariah lawyers want the Islamic affairs authorities to act against the 40-year-old man who married a 13-year-old girl he had allegedly raped. "We urge the syariah authorities to do the necessary to charge the wrongdoer as a lesson that marriage is not a way out for adultery or rape," said Syariah Lawyers Association secretary-general Moeis ...
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Chinese premier to be conferred Pakistans highest honour
Islamabad, May 21 : Chinese Premier Li Keqiang, who is paying a two-day official visit to Pakistan from Wednesday, will be conferred Nishan-e-Pakistan - the country's highest ...
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Climbers from Bangladesh and South Korea die while descending from Everest
Two climbers have died while descending from the summit of Mount Everest on Monday night, officials confirmed.The climbers have been identified as Mohammad Khalid Hussain of Bangladesh and Sung Ho-Seo of South Korea.Khil Lal Gautam, official at Tourism Ministry, said that Ho-Seo, who had climbed the peak without supplemental oxygen, refused to put on oxygen mask on returning to tent as suggested ...
Laos Digest
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Laos looking ahead
The new stock exchange in Laos may be a sign of changes to come in our otherwise centrally-run economy.
Laos is one of the poorest countries in South East Asia, but as the globally economy recovers and commodity prices pick up, the country looks set for a future of relatively strong growth, if not widespread prosperity, and this has been exemplified in the government’s recent decision to open a stock exchange in the country, which it is hoped will bring much-needed capital flowing into the country to fund investment projects in industry and infrastructure, catalysts for further growth in the economy. Read more
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