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Indonesia

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  • BEIJING Jan 31- General Motors and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia's biggest market and from there tackle other markets in the region. In a report late Friday, officials from Indonesia's industry ministry told state Antara news agency...

  • SINGAPORE/ JAKARTA/ PARIS, Jan 31- The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unusual procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the investigation said. The Airbus A320 jet plunged into the Java Sea while en route...

  • SINGAPORE/ JAKARTA/ PARIS, Jan 31- The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the investigation said. The Airbus A320 jet plunged into the Java Sea while en...

  • JAKARTA, Indonesia— Indonesian investigators announced Thursday the co-pilot of the crashed AirAsia jet was in controls when he struggled to recover the aircraft as stall warnings sounded. The Airbus A320-200 crashed into the Java Sea Dec. 28, halfway from Indonesia's city of Surabaya to Singapore. All 162 people on board were killed.

  • By Yantoultra Ngui and Fransiska Nangoy KUALA LUMPUR/ JAKARTA, Jan 29- Indonesia narrowed the gap in car output with Thailand, Southeast Asia's automaking hub, to its smallest ever last year in percentage terms and is expected to overtake the Thai industry within a decade. Indonesia, Southeast Asia's largest economy, has already surpassed Thailand as the...

  • SYDNEY/ SINGAPORE, Jan 27- Asian airlines are slashing fuel surcharges as oil prices hover at six-year lows, but passengers hoping for cheaper tickets will be disappointed as carriers are likely to bump up fares to maintain margins. Australia's Qantas Airways Ltd became the latest airline to eliminate the surcharge on Tuesday, but at the same time said it was...

  • *Copper on track for 2 percent fall this week. *Premiums for bonded nickel in China surge. LONDON, Jan 23- Copper fell on Friday, and was on track for its sixth week of falls after failing to post a convincing rebound from last week's 5-1/ 2 year low, weighed by concerns about the outlook for demand from top consumer China.

  • JAKARTA, Indonesia— Police released a deputy head of Indonesia's top anti-corruption body early Saturday following his arrest and interrogation that posed a serious challenge for President Joko "Jokowi" Widodo's efforts to battle graft. Widjojanto left police headquarters in southern Jakarta after midnight Friday, saying he was ready for more...

  • MELBOURNE, Jan 23- London copper edged up on Friday, but was set to close the week flat, having failed to post a convincing rebound from last weeks' 5-1/ 2 year lows ahead of China factory data due shortly. *The most-traded March copper contract on the Shanghai Futures Exchange slipped 0.3 percent to 41,470 yuan a tonne. *Freeport-McMoRan Inc said on Thursday it had...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • JAKARTA, Jan 20- Indonesia's transport minister proposed a number of changes to improve aviation safety standards at a parliamentary hearing on Tuesday, just over three weeks after an AirAsia passenger jet crashed killing all 162 people on board. Ignasius Jonan also told the hearing that, according to radar data, the plane had ascended faster than normal in its...

  • Malaysia slashes 2015 budget, cuts growth forecast Tuesday, 20 Jan 2015 | 12:19 AM ET

    KUALA LUMPUR, Malaysia— Malaysia on Tuesday cut its economic growth forecast for this year and announced a slew of austerity measures after tumbling oil prices forced the government to slash spending. Prime Minister Najib Razak said the government's 2015 budget, announced in October, was based on oil prices averaging $100 a barrel but this projection was no...

  • Why commodity exporters may get a tailwind Sunday, 18 Jan 2015 | 5:54 PM ET
    A worker walks among coils of galvanized steel at the ArcelorMittal Eko Stahl steelworks in Germany

    Conventional wisdom suggests commodity exporters will take price declines on the chin, but Morgan Stanley expects they'll benefit most.

  • Aer Lingus, Ryanair extending hedging position into 2016. SINGAPORE/ BERLIN, Jan 14- Global airlines, looking to lock in huge savings, are preparing to hedge more jet fuel to fix prices as they bet a slide in crude oil to six-year lows may peter out near $40 a barrel. In Europe, airlines such as Aer Lingus and Ryanair are aiming to take advantage of the low oil prices to...

  • TOULOUSE, France, Jan 13- The head of planemaker Airbus on Tuesday welcomed the retrieval of the cockpit voice recorder from the sunken wreckage of the AirAsia A320 plane that crashed two weeks ago killing all 162 people aboard. "This gives me hope that the investigation will bring clarity, because what we want to do is go through the detailed analysis of the...

  • Lower oil isn’t giving Asia markets wings Sunday, 11 Jan 2015 | 10:17 PM ET
    A station attendant refuels a moped at a fuel station on April 30, 2013 in Yogyakarta, Indonesia.

    Sharply lower oil prices are widely hailed as a positive for most Asian markets, but that hasn't slowed fund outflows or raised growth forecasts much.

  • JAKARTA, Jan 9- Indonesia has raised $4 billion in a U.S. dollar bond issue, taking advantage of the current low-yield environment and improving sentiment about the country and policies its new president is pursuing. With the improved terms on the new bonds, " Indonesia has to fork out a lower percentage than in a tough market," said Wellian Wiranto, an economist at...

  • The man behind Indonesian conglomerate Citramas  Friday, 9 Jan 2015 | 1:00 AM ET

    In this episode of "Managing Asia", CNBC speaks to Kris Wiluan, chairman of Citramas Group, about how he became one of the savviest players in Indonesia's oil and gas sector.

  • JAKARTA, Jan 9- Indonesia has raised $4 billion in a U.S. dollar bond issue, taking advantage of the current low-yield environment and improving sentiment about the country and policies its new president is pursuing. With the improved terms on the new bonds, " Indonesia has to fork out a lower percentage than in a tough market," said Wellian Wiranto, an economist at...

  • Indonesia's aviation crackdown is a 'sham': Pro  Thursday, 8 Jan 2015 | 6:45 PM ET

    Scott Hamilton, Aviation consultant at Leeham Company, says the investigation into Indonesia's flight-route permit issues is not addressing the root cause of the AirAsia tragedy.