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Fed’s Dudley urges caution on rate hikes, cites risks to U.S.

NUSA DUA, Indonesia The Federal Reserve should be cautious on interest rate increases due to lingering risks to the U.S. economy, one of its most influential policymakers said on Monday, appearing to signal the chance of a hike by the end of the year was fadin... More »

Indonesia starts implementation of tax amnesty: tax official

JAKARTA The Indonesian government will start the implementation of its tax amnesty program on Monday, more than two weeks after parliament passed the law in an effort to bring home funds stashed abroad, a tax official said. The country’s finance minister will ... More »

China vows to protect South China Sea sovereignty, Manila upbeat

BEIJING/MANILA China vowed to take all necessary measures to protect its sovereignty over the South China Sea and said it had the right to set up an air defence zone, after rejecting an international tribunal’s ruling denying its claims to the energy-rich wate... More »

China-backed AIIB seeks cooperation and new members

BEIJING The Asian Infrastructure Investment Bank (AIIB) stressed its independence from China at its first annual meeting on Saturday, saying it plans to cooperate with other development banks and add new members, including Hong Kong. Chinese President Xi Jinpi... More »

U.S. flexes muscles as Asia worries about South China Sea row

SINGAPORE The United States stepped up pressure on China on Saturday to rein in its actions in the South China Sea, with top defense officials underlining Washington’s military superiority and vowing to remain the main guarantor of Asian security for decades t... More »

Verstappen makes F1 history as Mercedes crash out

BARCELONA Dutch teenager Max Verstappen made Formula One history as the youngest race winner on Sunday in a sensational Spanish Grand Prix that saw dominant Mercedes drivers Lewis Hamilton and Nico Rosberg collide and crash out on the opening lap. Verstappen, ... More »

Saudi Aramco prepares for global expansion as IPO looms

DHAHRAN, Saudi Arabia Saudi Arabia’s state-owned oil giant Aramco is seeking to expand globally via joint ventures overseas as it prepares for a partial privatization pushed by a government intent on diversifying the economy. The company is looking at opportun... More »

Indonesia wants ‘Special One’ to train national team

JAKARTA Indonesia wants former Chelsea coach Jose Mourinho to train its beleaguered national soccer team, the country’s sports minister said on Tuesday. Minister Imam Nahrawi said he had discussed the idea with President Joko Widodo, who is trying to revive In... More »

Saudi Aramco says looking at new ventures around globe

DHAHRAN, Saudi Arabia State oil company Saudi Aramco wants to expand globally and is looking at potential joint ventures in several countries, including Indonesia, India, the United States, Vietnam and China, chief executive Amin Nasser said on Tuesday. “We ar... More »

Saudi-Iran tensions scupper deal to freeze oil output

DOHA A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices. The development will revive oil industry fears that ... More »

Clouds over Indonesia obscure total eclipse of the sun for many

PALEMBANG, Indonesia A solar eclipse enthralled Indonesia on Wednesday but clouds over some parts of archipelago spoiled the view for many of the skywatchers who had the opportunity to see it in totality. In Palembang city on the western island of Sumatra wher... More »

Indonesia says Internet giants need to pay tax or face blockages

JAKARTA Global Internet-based firms could have their services blocked in Indonesia if they do not obtain “permanent establishment” status in the country and pay Indonesian tax, government officials said on Monday. Finance Minister Bambang Brodjonegoro told rep... More »

Grand bargain to rescue global economy seen unlikely at G20 meet

SHANGHAI Investors hoping for a grand plan from the world’s top financial officials to stabilize shaky markets are set for disappointment, insiders say, when finance ministers and central bankers gather this week in Shanghai to discuss the troubled global econ... More »

Timeline: Zika’s origin and global spread

The following timeline charts the origin and spread of the Zika virus from its discovery nearly 70 years ago: 1947 – Scientists researching yellow fever in Uganda’s Zika Forest identify the virus in a rhesus monkey 1948 – Virus recovered from Aedes africanus m... More »

Smell test for Indonesia’s motorcycle taxi candidates

JAKARTA So stiff is competition between Indonesia’s motorcycle taxis app companies that new entrants are going to extreme lengths to stand out. Aris Wahyudi, the founder of the newest motorcycle-sharing company, reckons he has found a unique way to win busines... More »

Monkey cannot own copyright to ‘selfie,’ U.S. judge says

NEW YORK A rare crested macaque that took a now internationally famous “selfie” cannot own the copyright to the photograph because he is not human, a U.S. judge ruled in a suit brought by animal rights group PETA on behalf of the monkey. People for the Ethical... More »

Philippines vows stronger military to back South China Sea claim

CLARK FIELD, Philippines Philippine President Benigno Aquino vowed on Monday to leave behind a stronger and a more capable armed forces to face maritime challenges in the South China Sea when he leaves office next year. Aquino, ineligible to run for re-electio... More »

Interest, prices for Southeast Asian art soar: Sotheby’s

SINGAPORE When “Bathing in the Shower” by the late Indonesian artist Hendra Gunawan went under the hammer at Sotheby’s autumn auction in Hong Kong in October this year, the oil painting of three female bathers was sold for HK$9.7 million ($1.3 million). That p... More »

Legal troubles, market realities threaten Uber’s global push

PARIS/SINGAPORE Uber Inc’s aggressive global expansion is looking costlier and riskier than ever as the company struggles with regulatory and competitive obstacles in major markets. Just last week, the company faced a police raid on its European headquarters i... More »

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Uber denies drivers arrested in Jakarta police crackdown

JAKARTA Uber Technologies Inc [UBER.UL] denied on Monday that authorities in Jakarta had arrested some of its drivers after police in the city said they were cracking down on the car-hailing service because it was operating illegally. Police spokesman Mohammad... More »

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Indonesia sending hundreds of troops to fight smog-causing fires

(This version of the story corrects number of troops in paragraph 1 to 1,000 from 10,000- headline altered to reflect change) PADAMARAN, Indonesia (Reuters) – Indonesia said on Friday it will send more than 1,000 troops to fight fires in southern Sumatra, as s... More »

FIFA dismiss Indonesia claims they will visit Jakarta

FIFA have dismissed claims by Indonesia that they will visit Jakarta in October with a view to overturning the soccer ban on the Southeast Asian nation for government interference. Indonesian Youth and Sports Minister Imam Nahrawi said on Friday FIFA would sen... More »

Indonesia’s president reshuffles economy team as growth sags

JAKARTA Indonesian President Joko Widodo put two experienced technocrats into economic management posts on Wednesday in a cabinet reshuffle designed to reassure investors worried about a policy drift that has allowed growth to slip to a six-year low. Widodo’s ... More »

Indonesia’s chief economic minister says leaving post

JAKARTA Indonesia’s chief economic minister, Sofyan Djalil, said on Wednesday he will leave that post and take over the national planning ministry. “I have been moved to the national planning ministry,” the 61-year old told reporters at the presidential palace... More »

Malaysian law firm representing prime minister might sue WSJ

KUALA LUMPUR Malaysian police raided the office of troubled state investment fund 1MDB on Wednesday, following a report that claimed investigators looking into the firm found nearly $700 million had been transferred to Prime Minister Najib Razak’s bank account... More »