While most agree the digital economy is one of the most promising areas for growth in the Asia-Pacific region, the lack of available well-trained employees threatens to shut own growth before it starts.
Indonesia Tender and Business News
After multiple years of increasingly damaging natural disasters, APEC Finance Ministers have gathered to launch a series of initiatives to help mitigate the effects of earthquakes and extreme weather in the region.
Dr. Chang Yong Rhee, the Director of the International Monetary Fund (IFM)'s Asia and Pacific Department, reflects on why Southeast Asia has made such strong strides in recent decades.
In the wake of further consideration of the devastating earthquake and tsunami which recently hit Central Sulawesi, Indonesia, the Asia Development Bank just increased its emergency assistance aid to the country to $1 billion.
On September 28, Indonesia was strike by a devastating 7.5 magnitude earthquake, on the island of Sulawesi. It cause the earth to liquefy, destroyed much of the island, and triggered a tsunami reaching as high as 23 feet. In the disaster's aftermath, safe clean water -- and those who worked together to get it to where it was most needed -- was a critical need.
Indonesia will shortly be receiving $3 million in grant assistance from the Asian Development Bank (ADB) to support earthquake and tsunami relief efforts in Central Sulawesi.
Singapore-based Grab, a taxi aggregator and major provider of ride-sharing services similar to Uber in Southeast Asia, is expected soon to close on a deal with Japan’s SoftBank for another $500 million in capital.
A new Asian Development Bank (ADB) report says strong domestic demand, buoyant oil and gas prices, and India's consolidation of growth investments are contributing to stable growth throughout the region.
As the latest Typhoon Trami crashes through Japan with winds up to 134 mph and Indonesia deals with the aftermath of a 7.5 magnitude earthquake from last week, APEC has issued its own emergency call for more effective means of handling climate-driven and other natural catastrophes in the region.
The ancient Chinese city of Xi'an, which was host city for the 7th APEC E-Commerce Business Alliance Forum, was a showcase for a unique approach to fighting poverty using e-commerce. The learning here are about to roll out across the rest of APEC as a means of fighting poverty throughout the region.
With an eye to the growing importance of urban development especially in Southeast Asia's emerging economies, Mitsubishi Corporation (MC) and Surbana Jurong (SJ), a wholly-owned subsidiary of Temasek Holdings, a Singapore government affiliated investment company, have formed a joint venture targeting acquisition of $2.5 billion in urban development projects in Asia.
While Australia’s east coast suffers from one of the worst droughts in many years, Argentina is emerging as the surprise winner to replace Australia’s lost wheat sales in Asia.
A complex web of business and politics has managed to keep oil prices stable around the world for now.
Wattpad, a Toronto-based multiplatform entertainment company for original stories, and iflix, a streaming entertainment service for emerging markets based in Malaysia, recently signed a content partnership agreement to bring Wattpad stories to millions of iflix users across Asia, the Middle East and Africa.
Thanks to a concerted coordinated effort by APEC member economies, the challenge of doing business in the Asia-Pacific region has improved significantly in the past two years.
As fintech continues to consolidate within Asia, Hexindai Inc., a Chinese consumer lending marketplace, has entered into agreements to purchase a 20% stake in Musketeer Group, an Indonesian online lending platform which allows consumption installment loans, as of August 9, 2018.
Chinese-based aircraft leasing company CMIG Aviation Capital, wholly owned by China Minsheng Investment Group just received delivery of one Boeing 737 MAX 8 aircraft MSN 43000 in Seattle to be operated by Lion Air.
Alam Sutera, a major Indonesian property developer, is continuing the development of its low-rise apartment concept with its two new towers development, Lloyd Signature.
PT Federal Karayatma (FKT), one of Indonesia's largest manufacturers and sellers of motorcycle lubricants, was recently acquired by ExxonMobil from PT Mitra Pinasthika Mustika Tbk. and its affiliate.
The Unit 2 Gas Turbine Combined Cycle System being built by Mitsubishi Hitachi Power Systems, Ltd. (MHPS) at the Tanjung Priok Power Plant in Indonesia was just completed.
In keeping with a new trend towards lower cost travel, Indonesian hospitality management company Archipelago International just launched Nomad Hostel, a new brand bringing together dormitory-style shared rooms and bathrooms, plus a lounge, restaurant, laundry facilities and high-speed WiFi.
Despite common Western beliefs, there is a group of Islamic people -- the Minangkabau in Indonesia's West Sumatra region -- with a unique culture which researchers say could be making them more resistant to Islamic radicalism than other groups.
Indonesia, the fifth largest greenhouse gas (GHG) polluter in the world as well as the world's second-largest plastic polluter after China, is well under its Paris Accords target to reduce emissions by 29%.
PT Bank Rakyat Indonesia (Bank BRI), a state-owned bank and the largest bank in Indonesia, selects Hughes Network Systems, a provider of broadband satellite networks and services located in Maryland, to power next generation satellite network.
For most of history all populations in the world grew with more children compared to the adult populations. Now Asia is facing a crisis because of the presence of less children and a higher percentage of adults. Representatives across the region gathered June 12-13 in Mongolia to discuss the issue.