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Indonesia

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  • JAKARTA, Oct 31- Indonesia's mining-to-telecoms conglomerate Bakrie Group will negotiate with creditors to restructure part of its $8 billion in debt rather than sell major assets, people familiar with its strategy say. Some creditors sued one Bakrie company in New York while a Jakarta supplier has asked an Indonesian court to supervise a debt...

  • Survey: Asia finds money brings happiness Thursday, 30 Oct 2014 | 10:00 AM ET

    SINGAPORE— Emerging Asian nations are finding out what developed ones did years ago: Money— and the stuff it buys— brings happiness, or at least satisfaction. Levels of self-reported well-being in fast-growing nations like Indonesia, China and Malaysia now rival those in the U.S., Germany and the United Kingdom, rich nations that have long topped the happiness...

  • JAKARTA, Oct 30- Indonesia's new government will make changes to its costly gasoline and diesel subsidies before the end of the year, the country's chief economics minister said on Thursday. Although a highly unpopular step, Indonesia's new minority coalition government has to urgently address Indonesia's biggest fiscal problem- a $23 billion fuel subsidy...

  • JAKARTA, Oct 29- Born in poverty in a rebel stronghold, Indonesia's new chief economics minister once sold duck eggs on the street to pay his school fees. Sofyan Djalil later studied law in Indonesia and then went to Tufts University in the United States where he received two masters' degrees and a doctorate. "is reportedly close to Vice President Jusuf Kalla, and...

  • Indonesia produced about 12 percent of the world's output and was the top supplier to China prior to Jakarta imposing a ban on exporting raw mineral ores in January. Also, much of the planned new supply is in West Africa, including major projects in Mali, and the longer the Ebola crisis endures, the more likely delays and cost overruns become. Throw in signs that,...

  • Saudi budget carrier flynas suspends long-haul services Tuesday, 28 Oct 2014 | 12:44 PM ET

    RIYADH, Oct 28- Saudi Arabia's first and only budget airline, flynas, has suspended long-haul flights because profits on the routes did not meet expectations, chief executive Raja Azmi said on Tuesday. In April this year, flynas said its growth strategy would focus on developing long-haul flights to five or six new destinations including London, Manchester,...

  • JAKARTA, Oct 27- Indonesian President Joko Widodo held his first cabinet meeting on Monday and gave his top four ministers until the end of the week to identify policy changes that would remove growth bottlenecks. Widodo was elected president in July, promising to provide a clean and competent administration that endeared him to voters tired of shoddy...

  • JAKARTA, Oct 26- Indonesia's new president on Sunday named professional technocrats to lead the top economic ministries and implement much-needed reforms that address costly fuel subsidies, cooling investment and creaky infrastructure in Southeast Asia's biggest economy. President Joko Widodo named a 34- member cabinet in which 18 were seen as...

  • JAKARTA, Oct 26- Indonesian President Joko Widodo on Sunday assigned professional technocrats to lead the top economic ministries and implement much-needed reforms that address costly fuel subsidies, cooling investment and the country's creaky infrastructure. Djalil and Brodjonegoro take the helm at a time when Indonesia faces strong economic...

  • Indonesia's new president unveils his Cabinet Sunday, 26 Oct 2014 | 7:06 AM ET

    JAKARTA, Indonesia— Indonesia's new president unveiled his Cabinet on Sunday, a compromise lineup featuring technocrats in key finance roles who will need to push painful reforms to fix the country's slowing economy, but also including politicians who supported his spectacular rise to power. Joko "Jokowi" Widodo, a 53- year-old former furniture salesman who...

  • JAKARTA, Oct 26- Indonesia's new president on Sunday appointed professional technocrats to lead the top economic ministries and implement much-needed reforms to deal with costly fuel subsidies, cooling investment and the country's creaky infrastructure. Joko Widodo unveiled a cabinet of 34 ministers that was filled with political appointees and...

  • SHANGHAI, Oct 24- Australia, Indonesia and South Korea skipped the launch of a China- backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China's $50 billion Asian Infrastructure Investment Bank is seen as a challenge to the World Bank and Asian Development Bank,...

  • SHANGHAI, Oct 24- Australia, Indonesia and South Korea skipped the launch of a China- backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China's proposed $50 billion Asian Infrastructure Investment Bank is seen as a challenge to the World Bank and Asian...

  • JAKARTA/ SINGAPORE, Oct 24- Honda Motor's Mobilio, a spacious yet affordable multi-purpose vehicle, has nearly doubled its market share this year, triggering a price war with Toyota Motor in Indonesia, the latest battleground for global carmakers. Toyota and its Daihatsu Motor affiliate have long enjoyed a more than 50 percent market share in Indonesia- where...

  • JAKARTA, Indonesia— Kerry: "Irresponsible,"'' morally difficult "not to help Kurds fighting IS extremists in Kobani.

  • Jokowi's main problem: the Parliament     Sunday, 19 Oct 2014 | 11:46 PM ET

    Douglas Ramage, Managing Director, Bower Group Asia, says Widodo's main obstacles are political as the Parliament is controlled by the opposition.

  • US firms seek stability in Indonesia: AmCham     Sunday, 19 Oct 2014 | 10:41 PM ET

    Andrew White, Managing Director at AmCham Indonesia, says American investors are looking for better internal coordination, a stable regulatory environment and reduced bureaucracy.

  • Raden Pardede, Vice Chairman, National Economic Committee, says the fuel subsidy reform must happen this year before the parliament removes their support next year.

  • Bank Danamon: Expect better growth next year     Sunday, 19 Oct 2014 | 9:51 PM ET

    Vera Eve Lim, CFO of Bank Danamon, discusses the lender's decline in quarterly earnings and President Joko Widowo's upcoming fuel subsidy cut.

  • How to play Indonesian stocks under Jokowi     Sunday, 19 Oct 2014 | 9:12 PM ET

    Medha Samant, Investment Director, Asian Equities, Fidelity Worldwide Investments, identifies sectors like healthcare for investors to focus on.