Some 50 years after the first modern-day Japanese convenience store opened in Tokyo, players like 7-Eleven need expansion in countries such as Thailand, pictured above, as their domestic market is set to shrink.
Business Spotlight

Japan's convenience store chains chase elixir of growth across Asia

Indonesia, Thailand, China in focus as retailers face aging, shrinking home market

7 June 2024
Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto speaks at the Future of Asia forum in Tokyo on May 24. (Photo by Yuki Kohara)
The Future of Asia 2024

Indonesia to apply for CPTPP membership this year: minister

Multinational trade pact is 'low-hanging fruit' compared with traditional FTAs, Hartarto says

24 May 2024
An oil refinery in Tomakomai, Japan is the site of a key carbon dioxide storage demonstration project: The country's initial CO2 storage plan comprises five domestic and two overseas sites.
Opinion

Japan cannot make CO2 disappear just by exporting it

Plans for overseas storage must involve taking permanent responsibility

14 May 2024
People wait to break their fast during the holy month of Ramadan in Jakarta on March 13: Household spending lifted Indonesia's economy in the first quarter, the central bank said.
Economy

Indonesia's GDP growth accelerates to 5.11%, beats economist forecasts

Consumption climbs 4.91%, buoyed by spending during mammoth elections

6 May 2024
A clerk prepares Indonesian rupiah bank notes at a money-changer in Jakarta.
Economy

Indonesia hikes key interest rate to 6.25% as rupiah slumps

Central bank to continue interventions to maintain currency stability

24 April 2024
Finance Minister Sri Mulyani Indrawati's drive against corruption and her measures to improve state finances have had positive effects across Indonesia. (Pool via Reuters)
Opinion

Indonesia's next finance minister will have big shoes to fill

Prabowo's spending plans would put fiscal targets at risk

19 April 2024
Sojitz has signed a $290 million contract with Jakarta Mass Rapid Transit to extend the Indonesian capital's subway system. (Photo by Ken Kobayashi)
Transportation

Indonesia awards Jakarta MRT extension project to Japan's Sojitz

Trading house to work with India's L&T on the $290m construction

18 April 2024
The rupiah has lost 3% in the past month amid concerns over Indonesia's political situation in the aftermath of the presidential election on Feb. 14.
Currencies

Rupiah hits 4-year low as Indonesia reopens after holiday

Ramadan inflation, election aftermath add to gloom on currency

16 April 2024
Bangkok's Pratunam clothing market is a popular shopping destination for Indonesians who take consumer items back home to sell. (Photo by Devin Jimie)
Business trends

Indonesia aims for tighter curbs on import practice known as 'jastip'

Personal travel and social media used to sell and promote wares purchased abroad

14 April 2024
A man stands outside a currency exchange bureau in downtown Nairobi, Kenya. Emerging economies around the world are feeling the pressure of a strong greenback.
Economy

From Indonesia to Japan, dollar's rising strength raises global alarm

G20 finance ministers likely to discuss issue as their currencies depreciate

14 April 2024
A Cosco Shipping container ship at the Yangshan Deep Water Port in Shanghai. (cnsphoto via Reuters)
Economy

China to cap 'healthy' developing Asia's growth in 2024, says ADB

Second-largest economy's downturn could bring 'spillovers to trading partners'

11 April 2024
Demand for nickel has been rising due to its use as a key ingredient in hybrid and electric vehicle batteries. But the nickel sector in Indonesia, the world's largest producer of the metal, has been overshadowed by corruption.
Commodities

Indonesia nickel concerns stoked by corruption and land disputes

Bribery charges highlight challenge of regulating lucrative sector

3 April 2024
Prabowo Subianto, Indonesia's president-elect and defense minister, shakes hands with Japanese Prime Minister Fumio Kishida in Tokyo on April 3. (Photo by Uichiro Kasai)
International relations

Indonesia's Prabowo visits Japan for balance after his China trip

President-elect wants to strengthen defense and economic ties with Tokyo

3 April 2024
Indonesia's first high-speed train carried its 2 millionth passenger in March. (Photo by Nana Shibata)
Transportation

Xi calls Indonesia high-speed rail a 'gold standard' of ties

Jakarta weighs extension of China-backed line as passengers cross 2m in 6 months

2 April 2024
Prabowo Subianto was officially confirmed on March 20 to be Indonesia's next president. (Photo by Ken Kobayashi)
Indonesia election

Prabowo set to keep Indonesia on Jokowi's growth-focused path

Plans for heavy spending from infrastructure to school meals raise fiscal concerns

22 March 2024
Many Indonesian workers have found jobs in Japan's short-handed agricultural sector. (Photo obtained by Nikkei)
Japan immigration

Indonesians, Vietnamese form larger share of Japan's foreign workers

Weak yen and relatively low wages sap appeal for Chinese and Western workers

15 March 2024
Indonesian Vice Minister for Foreign Affairs Pahala Mansury speaks during an interview on March 11 in Tokyo. (Photo by Manami Yamada) 
Interview

Indonesian minister urges investment in Jokowi's mineral strategy

Maritime sector could also be part of developing domestic value chains for growth

12 March 2024
The Raohe Street Night Market in Taipei is one of many attractions enticing foreign visitors, including from Indonesia. (Photo by Randy Mulyanto)
Travel & Leisure

Taiwan seeks more tourists from Indonesia

Regional competitors, decline in mainland visitors push more diverse approach

9 March 2024
Sri Mulyani Indrawati has served as Indonesia's finance minister since 2016, earning a reputation for steadfast fiscal discipline.
Indonesia election

Prabowo's call on Indonesia's finance chief worries investors

Concerns rise over Indrawati's expected departure under next president

8 March 2024
A woman walks past a McDonald's in Jakarta on Feb. 29: The fast food chain's growth has slackened amid a boycott of Western brands amid the Israel-Gaza conflict. (Photo by Nana Shibata) 
Business trends

Indonesia, Malaysia consumer boycotts hit McDonald's, Starbucks and others

Muslims protest Western brands over perceived pro-Israel stance on Gaza

7 March 2024
Indonesia's Prabowo Subianto has promised to provide free lunches to over 78 million students nationwide. (Photo by Ken Kobayashi)
Indonesia election

Prabowo's free lunch plan would bite into Indonesia's budget, analysts warn

Rating agencies say $29bn program could put huge strain on national coffers

1 March 2024
Of the OECD's 38 members, only Japan and South Korea are in Asia.
International relations

Indonesia aims to join OECD within two to three years, minister says

33 countries have expressed support for Southeast Asian nation's accession

29 February 2024
The U.S. Federal Reserve has signaled rate cuts in the coming months as inflation worries decrease, easing the cost of borrowing. (Photo by Shinya Sawai)
Finance

ASEAN banks' fat interest margins wane as Fed rate cuts loom

Singapore, Thailand and Indonesia anticipate rocky road in loan earnings

28 February 2024
Palm oil fruit is unloaded at a factory in Indonesia's West Aceh regency.
Commodities

Indonesia palm oil firms warn of food security risks as biodiesel use rises

Government mulls doubling the subsidy for replanting amid concerns over exports

28 February 2024
Indonesia's accession to the OECD could motivate other ASEAN countries to become members of the group. (Source photos by AP)
International relations

Indonesia's OECD bid enters next stage: 5 things to know

Accession takes 'long time' due to rigorous evaluation, says expert

23 February 2024