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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
Unless Indonesia gets its act together soon, it will not be fully ready for the ASEAN Economic Community (AEC) in 2015. If so, it is likely that we will see a repetition of what happened when the China-ASEAN Free Trade Agreement (Caftan) came into force in 2010, with the Indonesian Chamber of Commerce and Industry calling for a postponement of implementation.
Indonesia must address problems ahead of AEC
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
Indonesia textile market seeks to clean up its act
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.
Monday, September 23, 2013
The government has called on local business people to seriously capitalize on markets in neighboring Southeast Asian countries by boosting exports ahead of the creation of a single market by the end of 2015.
Tuesday, September 17, 2013
Indonesian carriers feel weak rupiah
Some local airlines have decided to scale back their fleet expansion plans and reduce their promotion expenditure as the rupiah's fall against the U.S. dollar has began to affect their businesses.
Monday, September 9, 2013
With the rupiah sinking, George Lee, 59, a Singaporean chef working in Jakarta, feels lucky to be paid in Singapore dollars. Two years ago, he would get 7,000 rupiah for every Singapore dollar. Now, he gets over 9,000 rupiah.
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