Bloomberg Indonesia is considering options for setting up tax-haven jurisdictions as it tries to lure back billions of dollars through its amnesty program to fund infrastructure projects and finance the widening budget deficit, Coordinating Maritime Minister Luhut Panjaitan said on Sunday. News of the haven plan follows an announcement by the government on Aug. 11 that it would allow ...

  Bloomberg The energy collapse continues to rack up victims in Singapore. This time it’s KrisEnergy Ltd., an oil and gas producer that said on Sunday it is exploring equity issuance, refinancing and asset sales to strengthen its capital structure as its debt covenants may come under stress. The announcement came just weeks after oil services firm Swiber Holdings Ltd. ...

  Bloomberg India is targeting a more than sevenfold expansion in its biofuels market over the next six years, stepping up the country’s efforts to cut its reliance on energy imports. Blending five percent of biodiesel with regular diesel and 10 percent ethanol with gasoline could boost the market to 500 billion rupees ($7.5 billion) by 2022, from about 65 ...

  Bloomberg Two cities in China’s eastern Jiangsu province unveiled a package of measures designed to stem a surge in property prices, as more local policy makers are gearing up to cool overheating home markets. Nanjing, Jiangsu’s provincial capital, and Suzhou, a regional manufacturing base that’s a 30-minute train ride from Shanghai, will raise down-payment requirements for some buyers of ...

  Bloomberg Boston University’s announcement that it has agreed to sell the building on which the city’s Citgo sign sits to a local developer is raising hopes among preservationists that the iconic symbol will stay. The university said it had reached a deal with developer Related Beal to sell a package of several properties, including the home of the 3,600-square-foot ...

  Bloomberg Look out Elsa and Anna, there’s a new Disney princess in town. And she’s fast becoming a crowd favourite. Princess Elena of Avalor made her debut at Walt Disney World Resort this week, where the royal family’s newest member will be introduced to visitors through live performances several times a day at Magic Kingdom Park. Inspired by diverse ...

  Bloomberg Born in Google’s shadow, Niantic strode into the spotlight with a mobile internet spin on hunting Pokemon but can the obsession with the game lead to long-term financial success? Niantic founder and chief executive John Hanke has told a story of naming the company after a whaling ship abandoned in San Francisco Harbor by crew members who rushed ...

  Bloomberg A group of computer security experts say they figured out how to hack the keyless entry systems used on millions of cars, meaning that thieves could in theory break and steal items without leaving a broken window. The experts say that remote entry systems on millions of cars made by Volkswagen since 1995 can be cloned to permit ...

  Bloomberg The game “Pokemon Go” has caused distress in Cambodia, where some smartphone-wielding players have been chasing its virtual characters at a genocide museum that was a torture center in the 1970s. Tuol Sleng Genocide Museum director Chhay Visoth said Wednesday that he has posted signs at the site’s entrance and inside banning the popular game, which made its ...

  AP Mobile apps that allow users to create their own emojis or share the stylized images of NBA star Stephen Curry and other celebrities are paying off for a small upstate New York company. Moji Maker— with its mix-and-match menu of happy, angry or goofy faces — was the No. 2 paid app on the iTunes chart as of ...