• Saturday, August 23, 2014

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Indonesia

Growing inequality challenges sustainable Asia-Pacific growth

Growing inequality challenges sustainable Asia-Pacific growth

The growing disparity in incomes and access to social opportunities in Asia-Pacific developing countries, including Bangladesh, not only threatens social stability but is also a key constraint to the region’s economic dynamism, according to Survey 2014. Latest data from about 40 countries in the region show that the poorest 20 percent of the population...

The world's first 'Metalhead' President

The world's first 'Metalhead' President

Heavy metal music is often associated with angst, hostility, dark emotions and disruptive cacophony, but Indonesians seem to have placed their faith in a man to run their nation, who is a self-declared 'metalhead' (a term coined by heavy metal fans to describe themselves). 53-year old Joko Widodo, the governor of Jakarta, has just...

Joko Widodo party claims Indonesia election win

Joko Widodo party claims Indonesia election win

The party of popular Jakarta Governor Joko Widodo has claimed victory following Indonesia's hotly-contested presidential election. No official result has been announced, but a tally announced on TV showed Widodo, also known as Jokowi, won 53.15 percent of the vote. His rival, former general Prabowo Subianto, won 46.85 percent of the vote. He says he is withdrawing from the election process, alleging fraud, and has vowed to challenge the result. Indonesia's election commission is due to announce formal results at 20:00 local time (14:00 GMT). The chairperson of Widodo's PDI-P party, Megawati Sukarnoputri, claimed victory on behalf of Widodo and his running mate Jusuf Kalla. "I want to declare that we, the party that supports...

61 Indonesians missing after boat sinks

61 Indonesians missing after boat sinks

A boat carrying 97 Indonesians has sunk off Malaysia, with at least 61 people missing, Malaysian authorities say. The passengers, who include women and children, were illegal migrants, said a spokesperson for the Malaysian Maritime Enforcement Agency. The wooden vessel sank about midnight (16:00 Tuesday) off Port Klang, near Banting on the Strait of Malacca,...

Indonesian presidential candidate under fire for rights record

Indonesian presidential candidate under fire for rights record

Indonesian presidential candidate Prabowo Subianto was forced to defend his human rights record during his military career late Monday during the first debate ahead of the July 9 election. Prabowo was accused of involvement in the kidnappings of dissidents during the last months of president Suharto's autocratic rule and deadly riots that precipitated the...

Senior HSBC official due in Dhaka today

Senior HSBC official due in Dhaka today

Jayant Rikhye, head of International Asia Pacific for HSBC and head of strategy and planning, is due to arrive in Dhaka today on a two-day visit, the bank said in a statement. Rikhye will meet colleagues from Bangladesh and a number of key HSBC clients and stakeholders during the visit, it said. Rikhye has direct responsibility for over 12 markets in Asia, comprising Bangladesh, Brunei, Indonesia, Japan, Korea, Mauritius, New Zealand, Philippines, Sri Lanka, Taiwan, Thailand and Vietnam. In this capacity, he is a key source of support and guidance to country chief executives of the corporation. Rikhye joined HSBC Group in 1989 and has experience in operations in India, internal control...

Australia flights resume as volcanic ash disperses

Australia flights resume as volcanic ash disperses

Australian airlines are resuming flights in and out of the northern city of Darwin after a volcanic ash cloud that forced cancellations dispersed. Operations at Darwin International Airport were returning to normal on Sunday afternoon. However, ash is still emerging from Indonesia's Mount Sangeang Api volcano and further flight disruption is not ruled out. Friday's eruption...

Obama hails 'new era' in US-Malaysia ties

Obama hails 'new era' in US-Malaysia ties

President Barack Obama has said the US and Malaysia are at the start of a "new era of partnership", on the second day of his official visit. Obama was speaking at a state banquet with Malaysian King Abdul Halim Mu'adzam Shah. He is due to meet Prime Minister Najib Razak later. It is the first...

Arrest after Bali plain hijack attempt

Arrest after Bali plain hijack attempt

A passenger who caused a hijack scare on a flight from Australia to Indonesia has been arrested at Bali airport, officials say. There are incorrect reports that a Virgin Australia aircraft was hijacked on route to Denpasar. The aircraft in question has landed safely— Virgin Australia (@VirginAustralia) April 25, 2014 Virgin Australia said a passenger...

Japan investment in Southeast Asia surges amid China slump

Japanese companies' investments in Southeast Asia surged last year to almost three times the amount invested in China, after relations between Beijing and Tokyo soured in 2012 and Chinese labour costs rose, a government agency of Japan said on Friday. Japanese companies invested 2.33 trillion yen ($22.8 billion) in Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam last year, compared with 887 billion yen in China, Japan's largest trading partner, the Japan External Trade Organization (JETRO), said. Investments doubled in Southeast...

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