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Indonesia

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  • KUALA LUMPUR, Malaysia— Two airplane catastrophes put Malaysia on the map in a bad way in 2014. But they didn't hurt the country's tourism, and the higher visibility may even have helped: visitor numbers had their strongest growth in years. For the past decade, Malaysia has run an elaborate campaign to market itself abroad as an ideal Asian destination, touting a...

  • *GM to stop car manufacturing in Indonesia. GM Indonesia to shutter assembly plant, axe 500 jobs. Feb 27- A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors said on Friday it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.

  • *GM to stop car manufacturing in Indonesia. BEIJING, Feb 26- General Motors will stop making GM-branded cars in Indonesia, a battleground for global automakers, closing an assembly plant, axing some 500 jobs and shifting its focus to sport utility vehicles. The retreat also comes as GM drives into Indonesia with its Chinese partner, SAIC Motor Corp..

  • *GM to stop car manufacturing in Indonesia. BEIJING, Feb 26- General Motors is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to sport utility vehicles. GM tried to take on Japanese rivals by locally producing its Chevrolet Spin, a...

  • JAKARTA/ WASHINGTON, Feb 24- The United States is pressing Indonesia to relax local-content rules it believes will handicap efforts of tech firms such as Apple to expand into one of the world's last big markets where demand for high-end smartphone has yet to really take off. "The United States shares these concerns, and strongly supports ensuring that...

  • A man walks past an electronic board displaying share prices at the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia, on Thursday, April 10, 2014.

    An Indonesian telecom found a way to restructure its debt over creditor objections: it loaned itself money and counted its own votes toward approval.

  • METALS-London copper prices drift on Lunar New Year lull Wednesday, 18 Feb 2015 | 8:43 PM ET

    MELBOURNE, Feb 19- London copper edged lower on Thursday, paring gains from a short-covering burst the session before, with trade subdued as many Asian nations celebrate Lunar New Year. Copper is expected to remain stuck in the $5,300- 5,800 range in place for the past month until Chinese buying activity ramps up in mid-March. *Other markets taking some holiday...

  • TIMELINE-Indonesia's Bakrie Telecom restructuring process Wednesday, 18 Feb 2015 | 4:00 PM ET

    BACKGROUND Bakrie Telecom Tbk set up a special purpose vehicle- Bakrie Telecom Pte Ltd- to sell a $380 million bond in New York in 2010. The bond matures in May 2015 and bears an 11.5 percent coupon. Bakrie Telecom Tbk guarantees the bond while Bakrie Telecom Pte Ltd lends the proceeds to the listed parent company under an inter-company loan agreement.

  • But investors who have sued PT Bakrie Telecom Tbk and its subsidiaries in New York over a $380 million bond say they were barred from voting on the restructuring. The bond's trustee Bank of New York Mellon said that violated both the terms of the bond contract and the law, without specifying which country's law, according to a letter to Bakrie Telecom seen by...

  • JAKARTA, Feb 18- They might be late to the party, but central banks in Southeast Asia are joining the global rush of easier policy, as deflationary pressures create room for them to prop up faltering growth without weakening defences against capital outflows. Indonesia surprised markets with a rate cut on Tuesday, and Singapore eased its policy in January.

  • *Japan ended Indonesia imports about 10 yrs ago on bird-flu worry. JAKARTA, Feb 18- Indonesian poultry suppliers are weeks away from making their first exports of processed chicken to Japan in a decade, an endorsement of quality that will boost the Southeast Asian nation's push into a regional market dominated by Thailand. Hit by scares over chicken meat safety...

  • BI: 'Confident that inflation will stay low'  Tuesday, 17 Feb 2015 | 7:31 PM ET

    Perry Warjiyo, deputy governor of the Bank Indonesia, says the central bank announced a rate cut on Tuesday due to optimism that inflation will fall below 4 percent by year-end.

  • Wellian Wiranto, economist at OCBC, says Indonesia's central bank will likely hold rates steady on Tuesday as the country's current account deficit still needs further improvements.

  • JAKARTA, Feb 16- Indonesia has dropped its demand that Freeport-McMoran Inc build a $1.5 billion copper smelter in Papua province, saying a regionally owned enterprise would take on the project instead, website Detik.com reported, quoting the mining minister. The ministry in December said Arizona- based Freeport, which runs the world's fifth-largest copper...

  • Mirroring oil, this fossil fuel is plunging, too Wednesday, 11 Feb 2015 | 2:21 PM ET
    A bulldozer moves coal that will be burned to generate electricity at the American Electric Power Co. coal-fired power plant in Winfield, West Virginia.

    There is too much supply of coal at a time when global demand for the fossil fuel is cooling.

  • Lots more RBA cuts coming: Rabobank  Thursday, 5 Feb 2015 | 7:31 PM ET

    Michael Every, Head of Financial Markets Research, says the Reserve Bank of Australia is only just realizing that they've been dragged into a currency war.

  • JAKARTA, Feb 5- Indonesia's economic growth slipped to its weakest in five years in 2014 as weak exports and investments dragged, underlining the challenges facing the country's new President Joko Widodo. Southeast Asia's largest economy is finding it harder to fire up its engines of growth with the ending of the commodities boom and as high interest rates...

  • JAKARTA, Feb 5- Indonesia's economic growth slipped to its weakest in five years in 2014 as weak exports and investments dragged, underlining the challenges facing the country's new President Joko Widodo. Southeast Asia's largest economy is finding it harder to fire up its engines of growth with the ending of the commodities boom and as high interest rates...

  • Outlook for Indonesia: Still going strong  Wednesday, 4 Feb 2015 | 10:47 PM ET

    Euben Paracuelles, Executive Director and Southeast Asia Economist at Nomura, says economic reforms from President Jokowi are offsetting any potential damage from oil's slump.

  • Indonesia 2014 GDP seen around 5%  Wednesday, 4 Feb 2015 | 8:42 PM ET

    Indonesian growth likely slowed last year but going forward, Jokowi's economic measures are expected to boost growth, says Wellian Wiranto, Economist at OCBC Bank.