As talk about the US Federal Reserve tapering grows, a Financial Times report said markets are now more prepared should a reduction in asset purchases actually become a reality.
Indonesia
Indonesia plans new oil infrastructure to augment dropping production levels
Plans to improve oil production facilities in Indonesia are underway to meet rising local consumption of oil and in effect, increasing drilling-related expenses reimbursed by the national government
Asia will weather effect of Fed Tapering - ADB President
Asian Development Bank President Takehiko Nakao expressed his confidence about Asia's economy should US Federal Reserve proceed with its plans to reduce its quantitative easing program.
Indonesian telecom firm Indosat to exit minority stake in Tower Bersama
Indonesia-based mobile network operator PT Indosat aims to offload its minority stake in telecommunications tower firm PT Tower Bersama Infrastructure (TBIG) early next year, according to the company's finance director.
Indonesia opens airports, power to more foreign investment
Indonesia announced on Tuesday it will allow increased levels of foreign investment in the country's airports, power plants, toll roads, and pharmaceutical industries as part of government efforts to boost the slowing economy.
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At a luncheon meeting hosted by Keidanren lobby group and the Japan Chamber of Commerce and Industry, corporate leaders expressed the key importance of the Association of Southeast Asian Nations for the revival of the Japanese economy.
Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.
The World Trade Organization finally agreed on its first global trade deal on Saturday, December 7. The agreement could add nearly USD 1 trillion to the worldwide economy.
A study featured on Forbes revealed that the US still leads around the world in providing entrepreneurs with access to venture capital funding.
Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.
German startup accelerator Rocket Internet raised USD112 million in new funding for online fashion retailers Zalora and The Iconic, making it the biggest single investment made for an e-commerce company in the Asian Pacific region.
Indonesia's largest taxi company Blue Bird Group reportedly postponed its initial public offering this year after failing to get an approval from the Financial Services Authority of Indonesia.
Malaysia-based Etiqa, the insurance unit of Maybank, is said to be thinking of bidding for Indonesian insurer Mega Life Asuransi Jiwa, according to sources interviewed by Bloomberg.
Indonesia's Information and Communication Technology Ministry has finally approved the acquisition of PT Axis Telekom Indonesia (Axis) by PT XL Axiata (EXCL) on November 28.
