The rise of Chinese capitalism

"God creates the universe. The rest is made in China." No one knows where that saying first originated. Maybe it came from the internet, Facebook or Twitter, or a sticker on the back window of a small QQ Cherry automobile. It may be funny, but it also represents a general view held by people aroun...

Dominance in local markets

More and more 'made-in-China' products are flooding Indonesian markets. Local businesses feel threatened. In the neighborhood of Asemka, West Jakarta, Monday morning last week, some 1,000 vendors laid out various toys along Petak Baru Street underthe Roa Malaka Overpass. Using makeshift booths, t...

Business blitz from the East

Most investors from China are involved in infrastructure development in Indonesia. The quality of their materials is questionable. Scores of workers at PLN, the state-owned electricity company, were busy operating the computers in the control room on the fourth floor of the No. 3 Steam-Generated El...

The local partners

The Sinar Mas and Lippo business groups have successfully penetrated the China market. Many others have not been so lucky. Seeking profit, getting burnt. Such was the fate of one top Indonesian property dealer, who saw one of their business projects in southern China fall apart after their local pa...

World Bank: Growth in Malaysia, Asia-Pac to slow in 2012

KUALA LUMPUR, Jan 18 — Developing economies in Asia-Pacific, including Malaysia, will slow for a second straight year in 2012 as Europe’s debt woes and weaker global trade drag down growth prospects, the World Bank said. The US-based lender said in its Global Economic Prospects 2012 report the ...

Columns & Commentaries

Presidential poise

Nepal .?The president was careful not to ruffle any feathers, home and abroad, during his visit to India
NEW DELHI. Speaking at a welcome function organised by the Nepal Democracy Solidarity Committee on Monday evening, President Ram Baran Yadav hit all the right notes.

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REGIONAL NEWS

Older people keeping their jobs

SINGAPORE - More older people are keeping their jobs. The 2010 labour force survey has found that the employment rate for older workers aged 55 to 64 has gone up to 59 per cent. This, after holding steady at 57.2 per cent over the last two years during the economic downturn.

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BUSINESS

Monetary expansion not in control

Pakistan KARACHI: Monetary expansion in the first seven months of the current fiscal year as reported by the State Bank on Tuesday grew at an alarmingly high rate of 8.6 per cent, reflecting uninterrupted government borrowing from banking system and the central bank.

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Quotables

“Look, if she is not caught in one year's time, I will quit.”

—Indonesian Corruption Eradication Commission (KPK) chairman-elect Abraham Samad commenting on KPK’s agenda to go after Nunun Nurbaetie, a suspect in the case of bribery allegations in the election of BI Deputy Governor Miranda Swaray Goeltom.

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