Indonesian flag carrier Garuda has placed an order for 50 planes worth almost US$5 billion, U.S. plane giant Boeing said, as competition heats up for passengers in Asia's increasingly crowded skies.
Indonesia's finance minister said Thursday he was "optimistic" the country could achieve 7-percent growth by 2017 but warned that incoming president Joko Widodo faces a major challenge in pushing much-needed infrastructure development.
The Indonesian government is looking into the alleged dumping into the domestic market of polyester film from China, India and Thailand.
Indonesia's trade balance swung to a slim deficit in June as imports of food and clothes rose ahead of the Islamic holy month of Ramadan and Eid holiday, official data showed Monday.
Indonesia unexpectedly posted a huge trade deficit in April as a controversial ban on mineral ore exports weighed on Southeast Asia's biggest economy, official data showed Monday.
Southeast Asia's booming palm oil industry is facing a double blow from a recent drought and a possible El Nino weather phenomenon later this year, with analysts warning a production shortfall could spark a jump in consumer goods prices.