Taliban takeover anniversary, Japan GDP, Greater China earnings
Welcome to Your Week in Asia.
Asian news from Indonesia
China trails in millionaire growth forecast as Russia keeps steady pace
HONG KONG -- Growth in the ranks of China's millionaires is projected to lag behind regional peers between 2023 and 2028, and sharply slow from past forecasts for the mainland, according to a UBS report.
Chinese project in Indonesia’s Kalimantan brings opportunities, controversy over growing clout
A black double-cabin, four-wheel-drive pickup truck stopped in front of a fresh fish store in Kampung Baru, Mangkupadi village, in North Kalimantan, and three Chinese nationals and one Indonesian exited the vehicle. They went inside and spent more than 30 minutes inspecting and selecting fish before leaving.
Turkey restores access to Instagram after 9-day block
Turkey said on Saturday it had restored access to social media platform Instagram after the company agreed to cooperate with authorities to address the government's concerns.
Maratua beckons tourists seeking low-key alternative to Bali
MARATUA, Indonesia -- After several hours on a crowded speedboat, a swath of lush green breaks up the serene monotony of sky and sea as the island of Maratua, off the east coast of Borneo, draws near.
China floats submarine offer to Indonesia as geopolitical calculations weigh
Representatives from the China State Shipbuilding Corporation (CSSC) have been travelling to Jakarta in recent months, with the latest reported visit on July 4, to offer Indonesia’s defence ministry S26T diesel-electric submarines (SSK) and guided-missile destroyers at a discounted price.
Bali casino: an ‘impossible’ dream or economically sound gamble for Indonesia?
While officials have dismissed the idea, members of the Indonesian Young Entrepreneurs Association (Hipmi) in Bali, who floated the suggestion on July 12, insist that a Bali casino would boost the island’s income by up to 13 trillion rupiah (US$809 million) to help it tackle a host of problems brought by mass tourism, such as waste.
Thailand, Malaysia’s Tesla hopes fade as Elon Musk appears to go cold on Asean
But as rumblings circulated that the American carmaker had scrapped its plan for a factory in Malaysia – as well as Thailand and Indonesia – Malaysian Trade Minister Tengku Zafrul Aziz said on Thursday that efforts to woo Tesla had not been “a waste of time”.