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Indonesia

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  • 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.

  • Why Jokowi must cut fuel subsidies this year     Sunday, 19 Oct 2014 | 8:15 PM ET

    Fauzi Ichsan, Indonesia Managing Director of Standard Chartered, says a fuel subsidy reduction is the only way to slash the fiscal deficit. He says fuel prices may rise by 45 percent.

  • Real work begins for Indonesia's Jokowi     Sunday, 19 Oct 2014 | 6:31 PM ET

    As Joko Widodo assumes Indonesia's Presidency on Monday, CNBC's Martin Soong reports on the many challenges for him to tackle.

  • Indonesia's new president faces tough early tests Saturday, 18 Oct 2014 | 1:56 AM ET

    But Indonesia's Joko "Jokowi" Widodo, who takes office Monday, must also find a way to work with a powerful and well-funded opposition that could block moves to address the challenges holding back the country's rise as an emerging market powerhouse. Secretary of State John Kerry will attend the inauguration, a sign of Indonesia's regional and international...

  • JAKARTA, Oct 17- Indonesia's President-elect Joko Widodo plans to order the steepest rise in subsidised fuel prices in nine years soon after he takes over the reins of Southeast Asia's largest economy, an adviser told Reuters on Friday. The new minority coalition government will be taking a highly unpopular step as Widodo, due to be sworn in on Monday, has to...

  • BUSINESS-NEWS-SCHEDULE AT 0830 GMT / 4.30 AM ET Friday, 17 Oct 2014 | 5:02 AM ET

    LONDON- World stocks hit a nine-month low but oil and southern European bonds are off their week's lows, as investors begin to dust themselves off after one of the most volatile spells in world markets in years. LONDON- The Bank of England may need to keep interest rates lower for longer than previously thought to reduce the chance of Britain's economy slipping...

  • JAKARTA, Oct 17- Indonesia's President-elect Joko Widodo plans to raise subsidised gasoline and diesel prices by around 50 percent next month in a bid to bring down the budget deficit in Southeast Asia's largest economy, an adviser told Reuters on Friday. Due to be sworn in on Monday, Widodo has to urgently address Indonesia's biggest fiscal problem- a $23...

  • JAKARTA, Oct 17- Indonesia's president-elect Joko Widodo plans to raise the price of subsidised gasoline and diesel by around 50 percent within two weeks of taking office, a move that will save the government nearly $13 billion next year, an adviser to Widodo told Reuters. Widodo, who will become Indonesia's seventh president on Monday, aims to raise the price of...

  • Can Jokowi succeed in cutting fuel subsidy?     Thursday, 16 Oct 2014 | 10:37 PM ET

    Mark Canning, Former British Ambassador to Indonesia from 2011 to July 2014, outlines the strategy that President-elect Jokowi can adopt to reduce Indonesia's fuel subsidy.

  • How low can oil go? Cramer speculates on the limbo Wednesday, 15 Oct 2014 | 6:47 PM ET

    The market is playing a game to see how low oil can go. Cramer thinks there's no need to speculate on oil bottom yet.

  • ROME, Oct 15- India has until next Tuesday to support a global trade deal struck last year or risk being left out of the agreement to ease worldwide customs rules, the chairman of EU trade ministers said on Wednesday. India in July blocked what would have been the first global trade reform in two decades, which according to some estimates would add $1 trillion and 21...

  • Retail consultancy Verdict predicts the global sector should return to growth in 2014 and expand by 22 percent to about $450 billion by 2019. The recovery will be driven by expansion in emerging markets, with China set to account for 30 percent of total spend five years from now. Pioneered in France, Britain and the United States from around the 1840 s by...

  • JAKARTA, Oct 15- Indonesia faces a $6.15 billion tax revenue shortfall this year, a finance ministry document shows, raising concerns that the fiscal deficit could bust a legal limit, and place president-elect Joko Widodo into an early budget and political crisis. Breaking the budget law could feasibly embolden the opposition to launch an impeachment bid, even...

  • Zuckerberg in Indonesia for Internet-access push Monday, 13 Oct 2014 | 3:40 AM ET

    JAKARTA, Indonesia— On his first visit to Facebook-crazy Indonesia, Mark Zuckerberg met the president-elect, spread the word about his company's global Internet-access initiative and posted a photo of himself at an ancient Buddhist temple. The Facebook CEO arrived Sunday, when he climbed Borobudur temple in Central Java and posted a widely shared photo of...

  • MELBOURNE, Oct 10- Australia must hold urgent talks with China to exempt coal producers from new tariffs in a free trade agreement due to be completed this year, an industry body said, following Beijing's move to reintroduce coal tariffs after nearly a decade. The tariffs would hit Australian producers hardest as its main coal export rival, Indonesia, is exempt...

  • What will trigger a rate hike in Indonesia?     Tuesday, 7 Oct 2014 | 9:46 PM ET

    Euben Paracuelles, Executive Director and Southeast Asia Economist at Nomura, says Bank Indonesia is likely to stand pat on interest rates for some time unless fuel prices see a substantial rise.

  • Asian stocks mixed after growth forecast cut Tuesday, 7 Oct 2014 | 12:49 AM ET

    BANGKOK— Asian stocks were mixed Tuesday after Wall Street edged down and the World Bank trimmed its forecast of the region's economic growth. KEEPING SCORE: Tokyo's Nikkei 225 declined 0.2 percent to 15,855.47 while Hong Kong's Hang Seng gained 0.5 percent to 23,433.49. Jakarta rose while Sydney and Singapore fell.

  • As Indonesian rupiah falls, what should BI do?     Tuesday, 7 Oct 2014 | 12:31 AM ET

    Chetan Ahya, Chief Asia Economist at Morgan Stanley, discusses the declines in the Indonesian currency due to weak commodity prices and explains what the central bank should do.