Indonesia- 2013 inflation may rise to 7 if fuel prices go up

MENAFN - Tuesday 21st May, 2013

(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 ...

China to face Indonesia again in badminton quarters

West Australian - Tuesday 21st May, 2013

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 ...

Freeport tunnel victims all evacuated

The Jakarta Post - Tuesday 21st May, 2013

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, ...

Mine Collapse Kills 21 in Indonesia

Prensa Latina - Tuesday 21st May, 2013

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 ...

Indonesia approves DBS purchase of Danamon stake

West Australian - Tuesday 21st May, 2013

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 ...

Man missing in Batanghari River boat accident

The Jakarta Post - Tuesday 21st May, 2013

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 ...

Cebongan case files will be soon given to military prosecutors

The Jakarta Post - Tuesday 21st May, 2013

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 ...

Colorado Indonesia Schools Win Schlumberger Scholarships

Rigzone - Tuesday 21st May, 2013

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 ...

UPDATE 2-Indonesia says DBS can buy 40 pct of Bank Danamon rest may follow

Reuters - Tuesday 21st May, 2013

Tue May 21, 2013 10:59am EDT * Indonesia approves 40 pct stake purchase by DBS * Seeks more reciprocity for its banks in Singapore * Full DBS takeover of Danamon may take 18 months (Adds MAS statement, analyst quotes, background) By Adriana Nina Kusuma and Saeed Azhar JAKARTA/SINGAPORE, May 21 (Reuters) - Indonesia gave its approval for DBS Group to buy a $2.7 billion stake in PT Bank Danamon, ...

New rice contamination reported in China

San Diego Union-Tribune - Tuesday 21st May, 2013

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 ...

Singapore may give Indonesian banks more access in boost to DBS

Reuters - Tuesday 21st May, 2013

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 ...

China sweeps Indonesia to reach quarterfinals at Sudirman Cup

Global Times - Tuesday 21st May, 2013

Defending champion China beat Indonesia 5-0 in their second and last group match on Tuesday at the 13th Sudirman Cup team badminton tournament.London Olympics champion Cai Yun/Fu Haifeng replaced their young fellows Liu Xiaolong/Qiu Zihan to play against Hendra Setiawan/Angga Pratama. The Indonesian pair took the first game 21- 16 but still failed to handle Cai and Fu. Though absent frommatches ...

Indonesia mine death toll reaches 21

General Sources - Tuesday 21st May, 2013

The death toll at a US-owned gold and copper mine in Indonesia has risen to 21 after another four bodies were recovered, the mine operator says. Thirty-eight workers were buried when a tunnel at Freeport Grasberg's mine in Papua province collapsed on 14 May. Rescuers are still searching for seven missing workers. Ten others were rescued after the collapse. Indonesia's President ...

China beat Indonesia to top group

The Standard - Tuesday 21st May, 2013

(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 ...

Brits buy lease to Broadway’s biggest theater

Jakarta Informer - Tuesday 21st May, 2013

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 ...

Indonesias Freeport mine risks prolonged closure over disaster

Reuters - Tuesday 21st May, 2013

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, ...

Ahok shares May 1998 experiences

The Jakarta Post - Tuesday 21st May, 2013

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," ...

STOCKS NEWS INDONESIA-Index down consumer sector weighs

Reuters - Tuesday 21st May, 2013

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 ...

TABLE-Indonesia sells 9.35 trln rupiah of bonds yields up

Reuters - Tuesday 21st May, 2013

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 ...

Indonesia Reaffirms Sovereignty in International Forums

General Sources - Tuesday 21st May, 2013

Indonesia is indicating increased concern for its territorial integrity and international image in the wake of public pressure over deteriorating situations for minorities in the country. Internal calls for West Papuan independence are making headlines outside Indonesia, spurring transnational human rights groups and NGOs to pressure Indonesia and encouraging the international community to ...

Indonesia arrests key people-smuggler police

General Sources - Tuesday 21st May, 2013

Indonesian police said Tuesday they have arrested an Iranian-born Australian resident suspected of heading a people-smuggling network that spanned the country. Mohammad Abdi, 36, was detained at an apartment in Jakarta on Monday along with two other Iranians, said Nani Rusiani, a senior officer in the police's anti-smuggling taskforce. "Abdi plays an important role in the ...

Indonesia sells 9.35 trln in debt auction above target

Reuters - Tuesday 21st May, 2013

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 ...