Latest Indonesia News
RSS-
Indonesia financial regulator expects new banking law completed in 2014
JAKARTA | Thu May 23, 2013 2:06am EDT JAKARTA May 23 (Reuters) - Indonesia's chief financial regulator, who will have oversight of the bank sector from next year, said a new banking law was certain to come into force in 2014. Legislators are already drafting the law which senior MPs told Reuters on Wednesday they expected to include a maximum 51 percent limit on the amount a ...
-
British tourist Cheznye Emmons 23 killed in Indonesia after drinking spiked gin
Cheznye Emmons, from Great Wakering, Essex, was travelling through Indonesia with her boyfriend Joe Cook, 21, when she started feeling ill after drinking from a bottle marked as gin from a local ...
-
‘No signs of danger prior to incident’
After the remains of all the workers buried in a collapsed tunnel at the training facility at the Freeport Indonesia mine were removed from the site, the visiting CEO of Freeport-McMoRan Copper & Gold Inc. said on Wednesday that the accident had been impossible to predict.Freeport-McMoRan president and CEO Richard C. Adkerson said in Jakarta on Wednesday that his company did not consider the ...
More Indonesia News
RSS-
Indonesia energy regulator trims 2014 oil target -media
JAKARTA | Thu May 23, 2013 12:29am EDT JAKARTA May 23 (Reuters) - Indonesia's energy regulator says the country's oil production target next year is too optimistic, and wants it scaled back between roughly 4 percent and 8 percent, domestic media reported on Thursday. The former OPEC member was once self-sufficient in oil and gas but has been struggling for years to attract ...
-
Fitch Upgrades Indonesias BCA Finance to AAA Outlook Stable
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
-
Indonesia 10-Year Bond Yield at Highest Since October on Supply
Indonesia 's 10-year borrowing costs were at the highest since October after the government signaled it may increase debt sales to fund a ...
-
Police PHRI accelerate hotel security checks
Paper Edition | Page: 5 The Indonesian Hotel and Restaurant Association (PHRI) Bali chapter and the Bali Police are working together to verify security management at star-rated hotels as part of the preparations for the APEC Summit in October.Ida Bagus Purwa Sidemen, PHRI executive director, said on Wednesday that verification of the four- and five-star hotels where APEC delegates were to be ...
-
Press influenced by social media Survey
Paper Edition | Page: 4 The proliferation of social media in the country has influenced the way journalists do their job, according to a recent survey. The survey, released on Tuesday by public relations firm Maverick Indonesia in cooperation with Paramadina University, found that 84 percent of the 363 journalists they interviewed claimed to have written news stories based on issues discussed ...
-
Aceh defends deforestation plan
Paper Edition | Page: 4 Aceh Governor Zaini Abdullah on Wednesday defended his plan to clear the province's protected forests, saying it is necessary to develop the province and that it would not affect the 1.2 million hectares of forests that some environmentalists have claimed it would. "We have to clarify that the amount of 1.2 million hectares is not true," Zaini told ...
-
Authorities to improve safety for Idul Fitri holiday
Paper Edition | Page: 4 The National Police Traffic Corps (Korlantas) is preparing to roll out a traffic scheme to reduce the traveling time from Jakarta to a number of cities in Central Java during the Idul Fitri Holiday exodus, expected to fall on Aug. 7.Korlantas Deputy chief Brig. Gen. Agung Budi Maryoto said that the corps had received orders from the National Police chief Gen. Timur ...
-
President inaugurates new army chief
President Susilo Bambang Yudhoyono on Wednesday installed Lt. Gen. Moeldoko as the new Army chief of staff, replacing Gen. Pramono Wibowo, who retired.The inauguration ceremony was conducted at the State Palace and attended by several Cabinet ministers. Moeldoko was Pramono's deputy and previously served as the deputy governor of the National Resilience Institute (Lemhannas) from August ...
-
Hanura to pay for candidates campaigns
The People's Conscience Party (Hanura) will provide campaign funds to its legislative candidates who will compete in 2014."We have special funds for campaign financing to individual candidates. We're looking into the party's support in every electoral region," party secretary general Dossy Iskandar said as quoted by tribunnews.com.Dossy said the amount of financial ...
-
PPP nixes Munarman from legislative list
The Islam-based United Development Party (PPP) has removed the name of Islam Defenders Front (FPI) spokesman Munarman from its provisional legislative candidate list."Munarman has been replaced by Ibnu Jajar Dewantara, chairman of the PPP chapter in South Sumatra," party secretary general M. Romahurmuziy said as quoted by tribunnews.com on Wednesday. The party, he said, also cancelled ...
-
ONYX to operate property on Bali.
Thailand-based ONYX has been appointed to operate a 435-room property on the Indonesian island of Bali, the compnay's first step for expansion into Indonesia for the Amari brand. The property is scheduled to open in ...
-
Judges give reasons for rejecting Bali Britons appeal
Indonesia as they announced their reasons for rejecting her appeal against a refusal by the UK government to pay for her legal representation.Giving ...
-
Monroe’s photos for Prague exhibition stolen
A publicist for an upcoming Marilyn Monroe exhibition in Prague says that photographs of the star have been stolen. Alice Titzova of the PR agency 2media says the photos, stolen … Full News here ...
-
Activist dismayed by Dipo
A media activist is upset by Cabinet Secretary Dipo Alam's remarks about Franz Magnis Suseno. Franz criticised the Appeal of Conscience Foundation’s plan to give an award to President Susilo … Full News here ...
-
DBS allowed a stake in Danamon as Singapore and Indonesia trade horses
If bank regulators played high-stakes poker - and who knows, perhaps they do - then the conversation between Indonesia and Singapore around the green baize would have gone something like this: "I'll see your money for our bank - and I'll raise you access for ours to your market." Indonesia's central bank has finally approved DBS taking a stake in Bank Danamon. However it ...
-
Mt Tangkuban Parahu unmonitored due to stolen equipment
Activity at Mount Tangkuban Parahu in northern Bandung City, West Java, has not been monitored since Tuesday as monitoring equipment installed in Ratu crater has been stolen. The equipment stolen included a seismograph and its battery. "Mt Tangkuban Parahu last erupted between February and March with the center of eruption in Ratu crater," said head of Vulcanology and Geological ...
-
Activist dismayed by Dipo
A media activist is upset by Cabinet Secretary Dipo Alam's remarks about Franz Magnis Suseno. Franz criticised the Appeal of Conscience Foundation's plan to give an award to President Susilo Bambang Yudhoyono for upholding religious freedom. "Dipo Alam has seriously misunderstood the reverend's letter as an insult. Instead, it's a bold act to encourage all ...
-
Pope issues first appeal for Chinese Catholics
VATICAN CITY -; Pope Francis has issued his first appeal directed at Catholics in China, long the source of concern for his predecessor Benedict ...
-
Indonesia Links Ownership of Banks to More Access Elsewhere
A Bank Danamon branch in Jakarta, Indonesia. The bank is Indonesia's sixth-largest by assets. JAKARTA, Indonesia - Indonesia will insist on greater access to the financial systems of Singapore and other countries as a condition for approving the purchase of local banks by foreign financial institutions, a central bank spokesman said on Wednesday. The spokesman’s comments came a day ...
-
Indonesias natural riches highlight international biodiversity day - in pictures
International Day for Biological Diversity . The Greenpeace ship Rainbow Warrior is touring Indonesia to document the country's rich biodiversity and call for protection for its biodiverse ...
-
International Investors Jittery Over Indonesias Rebuff of Bank Bid
JAKARTA, Indonesia – Indonesia's initial rejection of Singapore's DBS Group Holding Ltd's (D05.SG) bid to acquire a majority stake in PT Bank Danamon Indonesia (BDMN.JK) sends the wrong signal to international investors, many of whom are worried Indonesia is leaning toward more economic nationalism and protectionism, some analysts and investors say.DBS, Southeast Asia's ...
-
Switch on to Rhesus negative
An activist has urged people in Jambi to be aware of the Rhesus (Rh) negative blood group.Coordinator for Jambi-chapter Rhesus Negative (RNI), Mira Deswita, said recognizing Rh negative was very … Full News here ...
Indonesia Feature
-
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
News from around our Network
