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.
Foreign direct investment (FDI) in Indonesia may double the average growth rate of FDI going into other emerging markets, which was estimated to have reached about 10 percent a year, Investment Coordinating Board (BKPM) Chief Mahendra Siregar said.