Sunday, February 2, 2014
Richard C. Adkerson, the CEO and president of Freeport McMoRan Copper & Gold Inc., took time out of his busy schedule to fly thousands of miles to Indonesia to get first-hand information from the government following the introduction of the new export tax for mineral commodities, which he said “was a surprise” for his company.
Local banks have said that they are ready to implement the new version of the real-time gross settlement (RTGS) system, scheduled to be launched this year by Bank Indonesia (BI) in an effort to make transactions more efficient ahead of the ASEAN Economic Community (AEC).
Amid the recent financial turmoil in Turkey and other emerging economies, Indonesia's biggest fund managers carry a warning: Watch out for domino effects.
Monday, January 13, 2014
The government has approved the proposed acquisition of state-owned listed gas distributor PT Perusahaan Gas Negara (PGN) by state-owned oil and gas company PT Pertamina (Persero), and has asked related institutions to develop an analytical study on the plan.
Friday, January 3, 2014
Indonesia posted a robust trade surplus in November, data showed Thursday, in a sign of recovery in Southeast Asia's biggest nation that was plunged into economic turmoil in 2013.
Monday, December 23, 2013
Tuesday, December 3, 2013
Indonesia posted a small and unexpected trade surplus in October after the central bank tightened monetary policy to slow the economy and imports, a policy likely to remain in place to stem the risk of outflows once U.S. tapering kicks in.
Wednesday, November 20, 2013
The Thai government will issue a 75 billion baht (US$2.38 billion) bond to help fund a rice subsidy scheme that has not paid out to farmers since Oct. 1, a delay that risks alienating key supporters of Prime Minister Yingluck Shinawatra.
Wednesday, November 13, 2013
Indonesia's central bank unexpectedly raised its key interest rate Tuesday to rein in a widening current account deficit blamed for exacerbating recent turmoil in Southeast Asia's top economy.
Monday, November 4, 2013
After years of being overrun by a racketeering mafia, drug addicts and prostitutes, Southeast Asia's biggest textile market is cleaning up its act in an effort to win back droves of shoppers.