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☆ US, Philippines sign landmark nuclear deal
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Carlos Barria Acquire Licensing RightsMANILA, Nov 17 (Reuters) - The United States and the Philippines on Friday signed a landmark deal that would allow Washington to export nuclear technology and material to Manila, which is exploring the use of nuclear power to decarbonise and boost energy independence. "Nuclear energy is one area where we can show the Philippines-U.S. alliance and partnership truly works." U.S. Congress approval is needed for the deal, which will allow a peaceful transfer of nuclear material, equipment and information in adherence with non-proliferation requirements. The Philippines wants to tap nuclear power as a viable alternative baseload power source as it seeks to retire coal plants to help meet climate goals and boost energy security. Completed in 1984, the Bataan Nuclear Power Plant was mothballed two years later following the ouster of the older Marcos, the deadly Chernobyl nuclear disaster, and corruption allegations.

Persons: Ferdinand Marcos Jr, Carlos Barria, Antony Blinken, Marcos, Neil Jerome Morales, Kanupriya Kapoor Organizations: Economic Cooperation, REUTERS, Rights, APEC, International Atomic Energy Agency, Bataan Nuclear, Thomson Locations: Philippines, Asia, San Francisco , California, U.S, Rights MANILA, United States, Washington, Manila, San Francisco, Taiwan

☆ Myanmar junta says facing 'heavy assault' from insurgents in three states
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +4 min

Junta spokesperson Zaw Min Tun said the military was facing "heavy assaults from a significant number of armed rebel soldiers" in Shan State in the northeast, Kayah State in the east and Rakhine State in the west. Zaw Min Tun said some military positions had been evacuated and the insurgents had been using drones to drop hundreds of bombs on military posts. "We are urgently taking measures to protect against drone bomb attacks effectively," the junta spokesperson said late on Wednesday. Western governments have re-imposed sanctions on the Myanmar junta in response to the coup and crackdowns on protests and demanded the release of Suu Kyi and other pro-democracy politicians and activists. The junta spokesperson denounced the group saying it was "destroying" Rakhine State.

Persons: Zaw Min Tun, Tin, Swe, Nobel, Aung, Suu Kyi, General Antonio Guterres, Kanupriya Kapoor, Robert Birsel Organizations: REUTERS, Naypyitaw, Reuters, military's, Administration Council, SAC, Arakan Army, AA, National Defence Force, Thomson Locations: Myanmar, Zokhawthar, Champhai, India's, Mizoram, India, Shan State, Kayah State, Rakhine State, Zaw, Naypyitaw, Suu, Chin State, Rakhine

☆ US, Philippines Sign Landmark Nuclear Deal
▼ + stars: | 2023-11-16 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

MANILA (Reuters) - The United States and the Philippines on Friday signed a landmark deal that would allow Washington to export nuclear technology and material to Manila, which is exploring the use of nuclear power to decarbonise and boost energy independence. "Nuclear energy is one area where we can show the Philippines-U.S. alliance and partnership truly works." U.S. Congress approval is needed for the deal, which will allow a peaceful transfer of nuclear material, equipment and information in adherence with non-proliferation requirements. Previous attempts to pursue nuclear energy in the Philippines were halted over safety concerns, but Marcos has discussed the possibility of reviving a mothballed nuclear power plant, built in response to an energy crisis during the rule of the late Philippines strongman and his namesake father. Completed in 1984, the Bataan Nuclear Power Plant was mothballed two years later following the ouster of the older Marcos, the deadly Chernobyl nuclear disaster, and corruption allegations.

Persons: Antony Blinken, Ferdinand Marcos Jr, Marcos, Neil Jerome Morales, Kanupriya Kapoor Organizations: APEC, International Atomic Energy Agency, Bataan Nuclear Locations: MANILA, United States, Philippines, Washington, Manila, San Francisco, U.S, Taiwan

☆ Indonesia hosts regional defence chiefs amid multiple global crises
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +4 min

Nov 15 (Reuters) - Defence ministers in ASEAN called for an immediate ceasefire in Gaza and a durable solution to the crisis in Myanmar during the opening of a regional meeting in Jakarta on Wednesday. Defence ministers from the Asian bloc are attending the 2-day meeting alongside key players in the Indo-Pacific as major powers jostle for regional influence, and as conflicts deepen from Myanmar to the Middle East. All ASEAN defence ministers, with the exception of Myanmar's, attended Wednesday's forum, with U.S. Defence Secretary Lloyd Austin to meet counterparts later in the day. The talks will expand on Thursday to include Russia, China, Japan, South Korea, India, New Zealand and Australia. The country removed its defence minister in October, raising questions about the stability of the leadership around President Xi Jinping.

Persons: Prabowo Subianto, Joko Widodo, Joe Biden, Haji Mohamad bin Haji Hasan, Prabowo, Myanmar's, Lloyd Austin, Jing Jianfeng, Xi Jinping, Austin, Aaron Connelly, Thomas Shoal, Connelly, Stanley Widianto, Ananda Teresia, Kanupriya Kapoor, Martin Petty, Kate Lamb, Gerry Doyle Organizations: Defence, ASEAN, Wednesday, Indonesian Defence, Hamas, Association of Southeast Asian Nations, Japan, U.S . Defence, Air, Joint Staff Department, China's, Military Commission, International Institute for Strategic Studies, Thomson Locations: Gaza, Myanmar, Jakarta, Washington, Malaysian, Malaysia, East, Ukraine, South China, China, Philippines, Russia, Japan, South Korea, India, New Zealand, Australia, Beijing, Indonesia, North Korea, Pyongyang, Singapore, U.S, Israel

☆ Thailand to receive $8.5 bln worth of investment from AWS, Google, Microsoft
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

A logo for Amazon Web Services (AWS) is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsBANGKOK, Nov 15 (Reuters) - Thailand will receive 300 billion baht ($8.46 billion) worth of investment from Amazon Web Services (AWS), Google and Microsoft, a government spokesperson said on Wednesday. AWS plans to build a data centre with a budget of $5 billion over 15 years, the government said in a separate statement. "The prime minister is confident that AWS' investment will enhance the country's competitiveness," said Chai, adding Microsoft and Google were also studying investment plans for large data centres in Thailand. Amazon Web Services, Google and Microsoft did not immediately respond to a Reuters request for comment on investments in Thailand.

Persons: Chris Helgren, Chai Wacharonke, Chai, Panarat Thepgumpanat, Kanupriya Kapoor Organizations: Amazon Web Services, REUTERS, Rights, Google, Microsoft, Thomson Locations: Toronto , Ontario, Canada, Rights BANGKOK, Thailand

☆ Myanmar rebels says dozens of junta forces surrender, captured
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +3 min

Reuters could not independently verify the information from the AA, which is one of three ethnic minority insurgent groups that launched a coordinated offensive against junta forces in late October. A curfew has been imposed in the Rakhine State capital Sittwe, where military tanks have been sighted, the administration there said. A junta spokesperson, Zaw Min Tun, on Tuesday accused the rebel groups of "destroying the whole country" and said reports of captured military posts were "propaganda". He did not comment on reports of junta forces surrendering. Most of the Myanmar soldiers were flown by Indian forces to another point on the border and handed back to Myanmar authorities, said an Indian security official who declined to be identified.

Persons: Nobel, Aung, Min Tun, Kanupriya Kapoor, Robert Birsel Organizations: REUTERS, Arakan Army, Reuters, AA, Myanmar, Thomson Locations: Myanmar, Myanmar's Khawmawi, India, Zokhawthar, Champhai district, India's, Mizoram, Rakhine State, Sittwe, China, Suu Kyi, Shan, Rakhine, Chin State

☆ Myanmar Rebels Says Dozens of Junta Forces Surrender, Captured
▼ + stars: | 2023-11-14 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

Persons: Nobel, Aung, Min Tun, Kanupriya Kapoor, Robert Birsel Organizations: Reuters, Arakan Army, AA, Myanmar Locations: Myanmar, Rakhine State, Sittwe, China, Suu Kyi, Shan, Rakhine, Chin State, Mizoram

☆ Myanmar junta imposes curfew in western city amid surge in rebel-led fighting
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

Nov 14 (Reuters) - Myanmar's junta has imposed a curfew in the western city of Sittwe, according to a government document and media reports, amid a surge in fighting on several fronts between the military and ethnic minority insurgent groups. Local media outlets Narinjara News and Western News also reported a curfew had been imposed. A Rathedaung resident told Reuters on Tuesday the area came under artillery fire overnight and that military soldiers had entered the town. "Artillery fell on a street in Rathedaung town last night. Fighting erupted on two new fronts this week, in the western states of Rakhine and Chin, which sent about 5,000 people fleeing to neighbouring India.

Persons: Kanupriya Kapoor, Michael Perry Organizations: Reuters, Local, Narinjara, Western News, Arakan Army, Artillery, Thomson Locations: Sittwe, Rakhine, Rathedaung, Myanmar, Shan State, China, Chin, India, Chin State

☆ Myanmar rebels seek to control border with India after early wins
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +5 min

Dozens of rebels battled the Myanmar military from dawn to dusk on Monday to overrun two camps abutting India's Mizoram state, as part of a widening offensive against the junta-led administration, Chin National Front (CNF) Vice Chairman Sui Khar said. Following the battle, 43 Myanmar soldiers surrendered to Indian police and are currently sheltering in Mizoram, local police official Lalmalsawma Hnamte said. "Whether they will be pushed back or not, we are waiting for further instructions from the central government," he told Reuters. Chin rebels will now look to consolidate their control along the India-Myanmar border, where the Myanmar military has two more camps, Sui Khar said. A Rathedaung resident told Reuters on Tuesday the area came under artillery fire overnight and that military soldiers had entered the town.

Persons: Sui Khar, Kyaw Naing, Lalmalsawma Hnamte, Chin, Nobel, Aung, Suu Kyi, Krishn Kaushik, Kanupriya Kapoor, Devjyot, Michael Perry, Raju Gopalakrishnan Organizations: REUTERS, Chin, Myanmar's, Myanmar National Democratic Alliance Army, Reuters, Human Rights Organization, Myanmar, Arakan Army, Artillery, Thomson Locations: Myanmar, India, Farkawn, Mizoram, Myanmar's Shan, Kayah, Rakhine, Chin, Rakhine's, Myanmar's Chin, India's Mizoram, China, Shan State, Sittwe, Rathedaung, Minbya, Suu, MIZORAM, DELHI

☆ Myanmar president: country at risk of breaking apart due to border violence
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - The president of military-ruled Myanmar has said the country is at risk of breaking apart due to ineffective management of recent violence in its border regions with China. As now is an important time for the State, the entire people need to support Tatmadaw (the military)." In the northeast, the junta has lost control of some border trade towns with China. The Chinese government also confirmed this week that there had been Chinese casualties due to military ordinance going over the border. Reporting by Reuters staff, Writing by Kanupriya Kapoor; Editing by Muralikumar Anantharaman and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Kanupriya Kapoor, Muralikumar Anantharaman, Michael Perry Organizations: Administration Council, SAC, State, Reuters, Thomson Locations: Myanmar, China

☆ Thailand, Toyota to jointly develop domestic EV industry
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS/Johanna Geron/File Photo Acquire Licensing RightsBANGKOK, Nov 9 (Reuters) - Thailand will work with Toyota Motor Corp (7203.T) in developing the country's electric vehicle (EV) industry, Prime Minister Srettha Thavisin said after a meeting with the automakers' executives. "Toyota said it sees the potential of Thailand's auto manufacturing industry especially in pick-up trucks and eco-cars," the government said in a statement on Thursday. The announcement comes as Toyota plans to trial its first EV pick-up truck in Thailand in a fresh attempt to boost EV sales in the country where it faces rising competition from Chinese rivals. For decades, the world's 10th largest auto hub has been dominated by Japanese firms like Toyota Motor and Honda Motor Co (7267.T), which use Thailand as a major export base.

Persons: Johanna Geron, Srettha Thavisin, Panarat Thepgumpanat, Kanupriya Kapoor Organizations: Toyota, REUTERS, Rights, Toyota Motor Corp, Honda Motor, EV, Thomson Locations: Zaventem, Belgium, Rights BANGKOK, Thailand, Southeast Asia

☆ Indonesia president will convey to Biden that "Hamas-Israel war should be stopped"
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Indonesian President Joko Widodo greets U.S. President Joe Biden upon his arrival for a mangrove planting event at Ngurah Rai Forest Park, on the sidelines of the G20 summit in Denpasar, Bali, Indonesia November 16, 2022. Dita Alangkara/Pool via REUTERS/File Photo Acquire Licensing RightsJAKARTA, Nov 9 (Reuters) - Indonesia's leader Joko Widodo said on Thursday he would convey to United States President Joe Biden in their meeting on Monday that the ongoing war between Israel and Hamas should be stopped. Jokowi, as the leader of the world's largest Muslim-majority country is popularly known, is set to fly to Riyadh for an international summit about the war on Friday, the outcome of which he said he will convey to Biden. "I will be delegated to tell President Joe Biden that the Hamas-Israel war should immediately be stopped," he said, declining to provide further details. A White House spokesperson previously said Jokowi and Biden would also discuss ways to uphold international law and ensure a free and open Indo-Pacific.

Persons: Joko Widodo, Joe Biden, Dita Alangkara, Biden, Jokowi, Stanley Widianto, Kanupriya Kapoor Organizations: Rights, Thomson Locations: Rai Forest, Denpasar, Bali, Indonesia, Rights JAKARTA, Israel, Riyadh, Gaza

☆ Malaysian lawmaker found guilty of corruption by high court - Bernama
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Nov 9 (Reuters) - A Malaysian lawmaker from a youth-based party that pulled out of the ruling coalition over graft concerns has been found guilty of corruption by the Kuala Lumpur High Court, state news agency Bernama reported on Thursday. He was found guilty on four charges of criminal breach of trust, misappropriation of property and money laundering. The former youth and sports minister, had been charged over abetting a former official of the Bersatu party in misappropriating 1 million ringgit ($213,675.21) in funds for the party's youth wing. Syed Saddiq was formerly the head of Bersatu's youth wing but left the party to form his own party, MUDA, in 2020. ($1 = 4.6800 ringgit)Reporting by Danial Azhar; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Bernama, Syed Saddiq Syed Abdul Rahman, Anwar Ibrahim's, Bersatu, Syed Saddiq, Danial Azhar, Kanupriya Kapoor Organizations: Malaysian, Court, Malaysian United Democratic Alliance, Thomson Locations: KUALA LUMPUR, Kuala Lumpur, misappropriating, MUDA

☆ Malaysian Lawmaker Found Guilty of Corruption by High Court - Bernama
▼ + stars: | 2023-11-08 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

KUALA LUMPUR (Reuters) - A Malaysian lawmaker from a youth-based party that pulled out of the ruling coalition over graft concerns has been found guilty of corruption by the Kuala Lumpur High Court, state news agency Bernama reported on Thursday. He was found guilty on four charges of criminal breach of trust, misappropriation of property and money laundering. The former youth and sports minister, had been charged over abetting a former official of the Bersatu party in misappropriating 1 million ringgit ($213,675.21) in funds for the party's youth wing. The offence was alleged to have taken place in March 2020 when Bersatu was in power. Syed Saddiq was formerly the head of Bersatu's youth wing but left the party to form his own party, MUDA, in 2020.

Persons: Bernama, Syed Saddiq Syed Abdul Rahman, Anwar Ibrahim's, Bersatu, Syed Saddiq, Danial Azhar, Kanupriya Kapoor Organizations: Reuters, Malaysian, Court, Malaysian United Democratic Alliance Locations: KUALA LUMPUR, Kuala Lumpur, misappropriating, MUDA

☆ Myanmar President: Country at Risk of Breaking Apart Due to Border Violence
▼ + stars: | 2023-11-08 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The president of military-ruled Myanmar has said the country is at risk of breaking apart due to ineffective management of recent violence in its border regions with China. "If the government does not effectively manage the incidents happening in the border region, the country will be split into various parts," Myint Swe, president of the State Administration Council (SAC), told a national defence and security council meeting. As now is an important time for the State, the entire people need to support Tatmadaw (the military)." In the northeast, the junta has lost control of some border trade towns with China. The Chinese government also confirmed this week that there had been Chinese casualties due to military ordinance going over the border.

Persons: Kanupriya Kapoor, Muralikumar Anantharaman, Michael Perry Organizations: Reuters, Administration Council, SAC, State Locations: Myanmar, China

☆ Malaysia says won't recognise unilateral sanctions on supporters of Palestinian groups
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Malaysia Prime Minister Anwar Ibrahim speaks at a press conference during Japanese Prime Minister Fumio Kishida's official visit, at Putrajaya, Malaysia, 05 November 2023. FAZRY ISMAIL/Pool via REUTERS Acquire Licensing RightsKUALA LUMPUR, Nov 7 (Reuters) - Malaysia said on Tuesday it will not recognise unilateral sanctions in response to a proposed U.S. law to level sanctions against foreign supporters of Hamas and other militant groups operating in Palestine. The Hamas International Financing Prevention Act, aimed at cutting off international financing to the groups, was passed by the U.S. House of Representatives last week and is awaiting voting by the Senate. "Any sanctions against Malaysia can also affect the assessment of the U.S. government and U.S. companies towards Malaysia, as well as affect U.S companies' investment opportunities in Malaysia," Anwar said in a written reply to parliament on Tuesday. Anwar previously rejected Western pressure to condemn Hamas and said the U.S. had raised concerns with Malaysia regarding its stance on Palestine.

Persons: Anwar Ibrahim, Fumio, FAZRY ISMAIL, Anwar, Rozanna Latiff, Kanupriya Kapoor, Raju Gopalakrishnan Organizations: Malaysia, Japanese, REUTERS Acquire, U.S . House, Senate, Malaysian, Israel, Thomson Locations: Putrajaya, Malaysia, KUALA LUMPUR, U.S, Palestine, Israel

Gross domestic product (GDP) grew 4.94% annually in the July-September quarter, compared with 5.05% predicted by economists surveyed by Reuters. Growth was 5.17% in the second quarter. In the July-September period, household spending growth decelerated to 5.06%, from 5.22% in the previous three months. A bright spot in the GDP breakdown came from investment, which recorded a 5.77% growth in the third quarter, versus 4.63% in the second quarter. On a non-seasonally adjusted, quarter-on-quarter basis, gross domestic product expanded 1.60% in the July-September period.

Persons: Gayatri Suroyo, Kanupriya Kapoor Organizations: Gross, Reuters, Growth, Bank Indonesia, Thomson Locations: JAKARTA, Asia's, Ukraine, Middle

☆ Indonesia President Scheduled to Meet U.S. President Biden This Month
▼ + stars: | 2023-11-06 | by ( Nov. | At P.M. | ) www.usnews.com time to read: 1 min

JAKARTA (Reuters) - Indonesia's President Joko Widodo is scheduled to meet U.S. President Joe Biden this month, "most likely" at the White House, a spokesperson for the Southeast Asian country's foreign ministry said on Tuesday. Jokowi, as the president is known, is scheduled to attend the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco from Nov. 15-17. Earlier on Tuesday, Jokowi, leader of the world's largest secular Muslim-majority country, said Indonesia's support for Palestine would "never waver". Indonesia has joined a chorus of international condemnation of Israel's invasion of Gaza following Hamas' attack on Israel on Oct. 7, and has called for an immediate ceasefire. (Reporting by Stanley Widianto; Writing by Kanupriya Kapoor; Editing by Christian Schmollinger)

Persons: Joko Widodo, Joe Biden, Jokowi, Stanley Widianto, Kanupriya Kapoor, Christian Schmollinger Organizations: U.S, White, Economic Cooperation, Palestine Locations: JAKARTA, Asia, San Francisco, Indonesia, Gaza, Israel

☆ Philippines Accuses China of Intruding Into Its Waters
▼ + stars: | 2023-11-02 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

MANILA (Reuters) - The Philippine foreign ministry on Thursday accused China of intruding into its waters after an incident involving the two countries' military vessels at a disputed shoal in the South China Sea earlier this week. "It is China that is intruding into Philippine waters," the foreign ministry said in a statement. "The Philippines has consistently demanded that Chinese vessels in Bajo de Masinloc leave the area immediately," the foreign ministry said. The shoal, located 200km (124 miles) off the Philippines, was part of an arbitration claim filed by Manila at an international tribunal. The court ruled in 2016 that Beijing's claim to 90% of the South China Sea had no basis under international law, but China has refused to recognise the ruling.

Persons: Masinloc, Mikhail Flores, Kanupriya Kapoor Organizations: South China, of Foreign Affairs Locations: MANILA, Philippine, China, South, Scarborough, Philippines, Manila, Bajo

☆ Philippines accuses China of intruding into its waters
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Damir Sagolj Acquire Licensing RightsMANILA, Nov 2 (Reuters) - The Philippine foreign ministry on Thursday accused China of intruding into its waters after an incident involving the two countries' military vessels at a disputed shoal in the South China Sea earlier this week. "It is China that is intruding into Philippine waters," the foreign ministry said in a statement. "The Philippines has consistently demanded that Chinese vessels in Bajo de Masinloc leave the area immediately," the foreign ministry said. The shoal, located 200km (124 miles) off the Philippines, was part of an arbitration claim filed by Manila at an international tribunal. The court ruled in 2016 that Beijing's claim to 90% of the South China Sea had no basis under international law, but China has refused to recognise the ruling.

Persons: Carlos Dominguez, Gao Hucheng, Damir Sagolj, Masinloc, Mikhail Flores, Kanupriya Kapoor Organizations: Philippine, China's, REUTERS, Rights, South China, of Foreign Affairs, Thomson Locations: Beijing, China, Rights MANILA, Philippine, South, Scarborough, Philippines, Manila, Bajo

☆ Magnitude 5.7 earthquake strikes central Philippines - USGS
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: 1 min

MANILA, Nov 2 (Reuters) - An earthquake of magnitude 5.7 struck the central Philippines on Tuesday, the United States Geological Survey (USGS) said. The offshore quake was at a depth of 19.2 km (12 miles), USGS said, off the central province of Eastern Samar. The Philippine Institute of Volcanology and Seismology warned of damage and aftershocks in an advisory but there were no immediate reports of casualties. The Philippines lies on the "Ring of Fire", a belt of volcanoes circling the Pacific Ocean that is prone to earthquakes. Reporting by Mikhail Flores; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Mikhail Flores, Kanupriya Kapoor Organizations: United States Geological Survey, Philippine Institute of, Thomson Locations: MANILA, Philippines, Eastern Samar

☆ Southeast Asia internet economy to grow 11% y/y in 2023
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

An internet LAN cable is pictured in this photo illustration taken in Sydney June 23, 2011. REUTERS/Tim Wimborne/File Photo Acquire Licensing RightsSINGAPORE, Nov 1 (Reuters) - Southeast Asia's internet economy is expected to grow 11% year-on-year in 2023, slowing from last year's 20% growth, an industry report showed on Wednesday. The annual report published jointly by Alphabet (GOOGL.O)'s Google, Singapore state investor Temasek Holdings and global business consultants Bain & Company, also said the region's internet economy is seen worth $295 billion by 2025, down from a previous estimate of $330 billion. "Digital economy sectors are showing positive growth trajectories, with travel and transport on track to exceed pre-pandemic levels by 2024," the companies said in a joint statement. The region of 11 countries and more than half a billion people has a young population, widespread smartphone usage, and a growing middle class, making it one of the world's fastest growing internet markets.

Persons: Tim Wimborne, Chen Lin, Kanupriya Kapoor Organizations: REUTERS, Rights, Google, Temasek Holdings, Bain & Company, Thomson Locations: Sydney, Rights SINGAPORE, Singapore

☆ Indonesia president breaks ground on airport in new capital
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

Indonesia's President Joko Widodo takes the stage to speak about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Nov 1 (Reuters) - Indonesia's President Joko Widodo on Wednesday broke ground on the construction of an airport in the country's new capital city, Nusantara. Jokowi, as the president is known, is this week expected to launch a total of 10 projects worth 12.5 trillion rupiah ($783.85 million) in Nusantara, which Indonesia is building from scratch amid the jungles of Borneo island. The 347-hectare airport is expected to be fully operational by December 2024, the president said, without detailing the total value of the project. The country has allocated 40.6 trillion rupiah for the construction of Nusantara in its 2024 budget.

Persons: Joko Widodo, Edgar Su, Agung, Grup, Ananda Teresia, Stefanno Sulaiman, Kanupriya Kapoor Organizations: Nusantara, REUTERS, Rights, Astra International, Thomson Locations: Singapore, Rights JAKARTA, Nusantara, Indonesia, Borneo, Jakarta, Nusantara .

☆ Indonesian president breaks ground for airport in planned $32-bln capital
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Indonesia's President Joko Widodo takes the stage to speak about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Nov 1 (Reuters) - Indonesian President Joko Widodo broke ground on Wednesday for construction of several projects ranging from an airport, toll-road and hospital to a hotel in a planned new capital city, Nusantara. The 347-hectare (857-acre) airport is expected to be fully operational by December 2024, the president said, at a total cost of 4.2 trillion rupiah ($263 million). The government targets the second half of 2024 for an international hospital, built by Indonesian hospital chain Mayapada (SRAJ.JK), to become operational. The president said he would break ground on nine projects in December, but gave no details.

Persons: Joko Widodo, Edgar Su, Jokowi, Pakuwon, Agung, Ananda Teresia, Stefanno Sulaiman, Kanupriya Kapoor, Clarence Fernandez Organizations: Nusantara, REUTERS, Rights, Astra International, Thomson Locations: Singapore, Rights JAKARTA, Nusantara, Jakarta, Indonesia, Borneo, Balikpapan, Indonesian

☆ Indonesia President Breaks Ground on Airport in New Capital
▼ + stars: | 2023-10-31 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

JAKARTA (Reuters) - Indonesia's President Joko Widodo on Wednesday broke ground on the construction of an airport in the country's new capital city, Nusantara. Jokowi, as the president is known, is this week expected to launch a total of 10 projects worth 12.5 trillion rupiah ($783.85 million) in Nusantara, which Indonesia is building from scratch amid the jungles of Borneo island. The 347-hectare airport is expected to be fully operational by December 2024, the president said, without detailing the total value of the project. The country has allocated 40.6 trillion rupiah for the construction of Nusantara in its 2024 budget. A consortium of Indonesian companies including energy firm Adaro, conglomerate Astra International, property firm Agung Sedayu Grup, and energy company Barito Pacific have invested about 20 trillion rupiah in Nusantara.

Persons: Joko Widodo, Agung, Grup, Ananda Teresia, Stefanno Sulaiman, Kanupriya Kapoor Organizations: Nusantara, Astra International Locations: JAKARTA, Nusantara, Indonesia, Borneo, Jakarta, Nusantara .

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