Jakarta / AFP Indonesia’s growth rate was slower than forecast in the first quarter of 2016, official data showed on Wednesday, in a blow to President Joko Widodo’s efforts to boost Southeast Asia’s top economy. The G20 economy grew 4.92 percent year-on-year from January to March, the official statistics agency said. This was slightly below economists’ forecasts and compared ...

  Beijing / The Diplomat The People’s Liberation Army Navy (PLAN) is in the process of upgrading a number of older classes of surface warships with new anti-ship missiles, missile defense systems, and cannons capable of firing precision-guided ammunition, Popular Science reports. Based on photographic evidence, it appears that the 6,100-ton Type 051B Luhai-class destroyer Shenzhen, commissioned in 1998, is ...

KUALA LUMPUR / Bloomberg Australia’s current government will never sell its largest cattle empire to foreigners, the treasurer said on Wednesday after blocking a takeover by a Chinese-led consortium. Chinese-based Dakang Australia Holdings on Tuesday withdrew its application to buy an 80 percent stake in Australia’s largest private landholding, S. Kidman & Co. Ltd., after Treasurer Scott Morrison last week ...