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Indonesia- 2013 inflation may rise to 7 if fuel prices go up
(MENAFN) Indonesian finance minister, Muhamad Chatib Basri, announced that if local fuel prices rise, then the country's 2013 inflation level might grow to 7 percent, reported Reuters.Earlier this month, the Indonesian president stated that the government may raise fuel prices if only the parliament endorsed a financing program to protect the poor from the inflationary impact of high fuel ...
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China to face Indonesia again in badminton quarters
KUALA LUMPUR (AFP) - Luck was not on Indonesia's side on Tuesday as hours after suffering a crushing 5-0 defeat to China, they were drawn to meet the eight-time Sudirman Cup champions again, this time in the quarter-finals.Germany, who stunned hosts Malaysia 3-2, were matched against South Korea, while Taiwan will meet Denmark, and Thailand will face Japan in the other quarter-finals on ...
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Freeport tunnel victims all evacuated
Thirty-eight workers buried in a collapsed tunnel at the Big Gossan underground training facility at the PT Freeport Indonesia mine have been all evacuated.A statement released by Freeport said that eight bodies were removed from the collapsed tunnel on the last day of rescue efforts on Tuesday.They were identified as Daniel Tedy Eramuri, David Gobay, Febry Tandungan, Ferry Edison Pangaribuan, ...
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Mine Collapse Kills 21 in Indonesia
Jakarta, May 21 (Prensa Latina) Authorities confirmed today that 21 miners were found dead after a mine collapse at the gold and copper deposit being exploited by the U.S. Freeport consortium in the Indonesian province of Papua. The Asian nation's president Susilo Bambang Yudhoyono asked Freeport and government agencies to thoroughly investigate the collapse that affected an underground ...
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Indonesia approves DBS purchase of Danamon stake
JAKARTA (AFP) - Indonesia on Tuesday approved the purchase by Singapore's DBS of a 40 percent stake in Bank Danamon, but demanded the city-state open up its financial sector before any full takeover.More than a year after DBS launched its bid to make the biggest ever bank acquisition in Indonesia, central bank governor Darmin Nasution said it could acquire part of Danamon but could not yet ...
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Man missing in Batanghari River boat accident
Muhammad Iqbal Saleh, a member of a tugboat crew, went missing in Batanghari River, Jambi after a barge cable snapped and knocked him into the water.Harbormaster tower chief at the Jambi port, Elman Inik, said on Tuesday that he had ordered his staff to call the police and contact Iqbal's family."We have been searching, but have to stop now due to nightfall," he said.Muhammad ...
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Cebongan case files will be soon given to military prosecutors
Military Police investigators display evidence, including two AK-47 replicas, taken in the Kopassus prison case, at a press conference at Denpom IV Diponegoro headquarters in Semarang, Central Java, on ...
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Colorado Indonesia Schools Win Schlumberger Scholarships
Schlumberger Ltd. announced Tuesday its contribution of five scholarships to the American Association of Petroleum Geologists' (AAPG) Outstanding Student Chapter Awards. Two universities were selected as the 2013 chapter winners and four additional universities were awarded honorable mention student chapter scholarships. Colorado School of Mines in Golden, Colorado was the top award ...
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New rice contamination reported in China
BEIJING -; Authorities are investigating rice mills in southern China following tests that found almost half of the staple grain in one of the country's largest cities was contaminated with a toxic ...
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Singapore may give Indonesian banks more access in boost to DBS
SINGAPORE | Tue May 21, 2013 8:42am EDT SINGAPORE May 21 (Reuters) - Singapore's central bank said on Tuesday it is exploring the possibility of giving Indonesian banks greater access to the city-state's market, in a move that may help Southeast Asia's largest bank DBS Group get majority control of Bank Danamon. Its announcement follows Indonesia's central bank's ...
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China beat Indonesia to top group
(5 mins ago) Defending champions China trounced arch rivals Indonesia 5-0 to top Group A of the Sudirman Cup on Tuesday, declaring they are ready to face anyone in Thursday's quarter-finals. The Chinese have won the biennial tournament eight times and are chasing their fifth consecutive title, AFP reports. After Tuesday's matches, Chinese coach Li Yongbo said his team is ready to ...
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The pope and the devil Is Francis an exorcist
The question has been swirling ever since Francis laid his hands Sunday on the head of a young man after celebrating Mass in St. Peter's Square. The young man heaved deeply a half-dozen times, convulsed and shook, and then slumped in his wheelchair as Francis prayed over ...
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Brits buy lease to Broadway’s biggest theater
Britain’s biggest theater group has reached across the Atlantic Ocean and bought the lease to Broadway’s largest theater from Live Nation Entertainment for about $ 60 million.Ambassador Theatre Group … Full News here ...
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Colossal dance show Ariah to be performed on Jakartas anniversary
The Jakarta administration is preparing a stupendous Betawi dance musical performance spread over three days in late June to celebrate the capital's 486th anniversary, which falls on June 22. From June 28 to June 30, the colossal show Ariah is set to wow Jakartans on what is going to be the nation's biggest stage ever at the National Monument (Monas) in Central Jakarta. Based on the ...
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Indonesias Freeport mine risks prolonged closure over disaster
Tue May 21, 2013 5:49am EDT * Death toll rises to 21, hopes fade for survivors * Unions demand thorough investigation * Mine has been closed for a week By Michael Taylor JAKARTA, May 21 (Reuters) - Freeport McMoRan Copper & Gold Inc's Indonesian mine could face a prolonged closure and scrutiny over its underground mining plans after one of the country's worst-ever mining disasters, ...
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Ahok shares May 1998 experiences
Deputy Governor Basuki 'Ahok' Tjahaja Purnama's family still carries the scars of the May 1998 riots.Ahok himself watched the burning of Karawaci Supermall when his family had to move from Karawaci in Tangerang to Pluit in North Jakarta around May 13. There were burning tires everywhere. "We thought that we'd be better dying as a family instead of running away," ...
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STOCKS NEWS INDONESIA-Index down consumer sector weighs
Tue May 21, 2013 5:22am EDT Indonesian shares fell 0.5 percent to 5,188.76 on Tuesday, led by a decline in consumer sector stocks. Drug distributor Kalbe Farma and cigarette maker Gudang Garam dropped more than 2 percent each. Jakarta's blue chip index slid 0.58 percent. "We note that the consumer companies' first-quarter 2013 results have been lacking positive surprises, with margin ...
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TABLE-Indonesia sells 9.35 trln rupiah of bonds yields up
JAKARTA, May 21 (Reuters) - Indonesian government raised 9.35 trillion rupiah ($958.24 million) at an auction on Tuesday, above an initial target of 8 trillion rupiah with most yields rising from the previous auction, the finance ministry's debt office said. Yields of 1-year T-bill, 15-year bond and 20-year bond were higher than the May 6 auction. The highest bid-to-cover ratio was 1.67 for ...
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Indonesia sells 9.35 trln in debt auction above target
JAKARTA | Tue May 21, 2013 4:49am EDT JAKARTA May 21 (Reuters) - Indonesia's finance ministry sold 9.35 trillion rupiah ($958.24 million) of conventional government bonds at an auction on Tuesday, above the target of 8 trillion rupiah, the debt office at the ministry said. The ministry sold all of the offered series to help finance its budget deficit this year. The ministry sees ...
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Indonesian Mine Death Toll Rises Miners Still Trapped
The death toll a day after a tunnel collapse at PT Freeport Indonesia's massive Grasberg area mining operations rose to four Wednesday, with the company suspending all mining activity, amid rescue attempts for miners still trapped deep underground in the remote highlands of Papua, eastern Indonesia. The company said 10 miners had been rescued since the collapse Tuesday and rescue workers ...
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Update-MoodysDevelopers to benefit from demand in Greater Jakarta
Tue May 21, 2013 3:07am EDT Lippo Karawaci, Alam Sutera Realty and Pakuwon Jati For the full text of this story please click the following ...
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Indonesia inflation may accelerate to 7
Although inflation-indexed bonds prove beneficial during times of high inflation, they underperform when the economy goes through a deflationary ...
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14 dead 14 missing in Indonesia mine tunnel collapse
At least 14 people are dead, 14 are still missing and 10 have been rescued after a tunnel collapsed last Tuesday at an underground mine training facility in ...
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Portuguese firms to tap into Indonesias business potentials
Following in the steps of its European neighbors, dozens of Portuguese firms are visiting Indonesia to seek business partnerships and explore untapped local business opportunities. The delegation, touted to be the biggest Portuguese business mission to the country, highlighted its new interest in Indonesia, predicted to be among the world's 10th biggest economies within the next decade, ...
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Indonesia nabs Iranian big fish Abdi over human smuggling
(46 mins ago) Indonesian authorities have arrested an Iranian-born Australian resident who they suspect headed a people-smuggling network that spanned the country, a report said. Mohammad Abdi, 36, was detained at an apartment in Jakarta yesterday along with two other Iranians, The Australian newspaper said, citing Indonesian police. ';Right now we think he's a big ...
Indonesia Feature
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Indonesia and Singapore: model of inter-dependence?
Indonesia is a regional power in South East Asia, but lacks the development and economic wealth of smaller nations, such as the tiny state of Singapore. Hence, it makes sense for the two countries to cooperate closely with one another as Indonesia has natural resources Singapore needs and Singapore has the financial strength Indonesia needs.
Indonesia is the sleeping giant of South East Asia. With a population of 288 million, a land mass the size of Mexico and territorial waters that could fill half of China, it’s an immense country and a regional power within the geopolitical organization known as ASEAN (the Association of South East Asian Nations). Indonesia takes up almost half the area occupied by the ASEAN countries and accounts for one third of its GDP. Read more
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