Business

Abandon Jakarta: Indonesia again mulls plan for new capital

Apr 29, 2019

Indonesia's decades-long discussion about building a new capital has inched forward after President Joko Widodo approved a long-term plan for the government to abandon overcrowded, sinking and polluted Jakarta

Asian stocks mixed, oil soars on Iran sanctions worries

Apr 23, 2019

Asian stocks mixed, oil soars as Iran sanctions trigger supply worries

Malaysia to revive 2nd major China-linked project

Apr 20, 2019

Malaysia's government says it will resurrect a multibillion-dollar property project in Kuala Lumpur involving a Chinese state company, calling it a contribution to China's "Belt and Road" infrastructure initiative

Strongman vies with 'people's president' to lead Indonesia

Apr 16, 2019

About 193 million Indonesians are eligible to vote in a presidential election that will decide who leads a nation that's an outpost of democracy in a neighborhood of authoritarian governments

World stocks mostly rise on US-China trade talks, earnings

Apr 15, 2019

World stocks are mostly higher after the U.S. and China said they were closing in on a trade deal, but without giving a timeline

Former Malaysian leader's corruption trial enters second day

Apr 15, 2019

The corruption trial of former Malaysian Prime Minister Najib Razak has entered a second day, with a central bank investigator taking the stand in the case involving the transfer of suspicious money into Najib's bank accounts

Malaysia says revised China deal shows costs were inflated

Apr 15, 2019

Malaysia's prime minister says a Chinese company building a rail link across the Southeast Asian nation will jointly help to manage and operate the network, part of revised deal that will get the stalled project off the ground

Asian shares advance on US-China trade hopes

Apr 15, 2019

Asian markets advance on signs that the U.S. and China are closing in on a trade deal after months of negotiations

Recovery falters in Indonesian city broken by quake disaster

Apr 15, 2019

Six months after Indonesia's Palu was ripped apart by an earthquake, tsunami and liquefying soil that killed thousands, a second crisis is looming as recovery efforts stumble

Malaysia revives China-backed rail link, cost cut by a third

Apr 12, 2019

Malaysia has decided to resume a China-backed rail link project, after the Chinese contractor agreed to cut construction cost