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Indonesia

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  • *India wrecked trade deal, linking it to food aid. NEW DELHI/ GENEVA, Nov 5- India defied the world on Wednesday in a row over food stockpiling that has crippled attempts to reach a global trade agreement, raising doubts that backroom talks can reach a compromise before a Group of 20 summit this month. India wants to keep a so-called' peace clause' that protects its huge...

  • NEW DELHI/ SEOUL, Nov 6- India is hoping a new China- backed multilateral lender will fund coal-based energy projects, an official said, putting it in direct conflict with the World Bank, whose chief has maintained that it would stick to its restrictions on such lending. A senior Indian official told Reuters the Asian Infrastructure Investment Bank, sponsored by...

  • *India wrecked trade deal, linking it to food aid. NEW DELHI/ GENEVA, Nov 5- India defied the world on Wednesday in a row over food stockpiling that has crippled attempts to reach an global trade agreement, raising doubts that backroom talks can reach a compromise before a Group of 20 summit this month. India wants to keep a so-called' peace clause' that protects its huge...

  • JAKARTA, Nov 5- Indonesia's gross domestic product grew 5.01 percent in the third quarter from a year earlier, its slowest in five years, highlighting the challenge that the new President Joko Widodo faces trying to turn around Southeast Asia's largest economy. Sliding global prices for palm oil, rubber and other commodities that Indonesia produces are...

  • Despite slowdown, Indonesia still impressive: Pro     Wednesday, 5 Nov 2014 | 12:42 AM ET

    Despite growth falling to a five-year low, the fact that Indonesia managed a 5 percent GDP amid headwinds in the commodities space is impressive, says Taimur Baig, Chief Economist, Asia at Deutsche Bank.

  • JAKARTA, Nov 4- Indonesia's economy is likely to have stayed in a rut in the third quarter with growth at its slowest for five years as exports suffered from weak global demand, and domestic consumption sagged after an election campaign spending splurge. Elected in July and sworn in late last month, President Joko Widodo faces a challenge turning round Southeast...

  • 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...

  • 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,...

  • Where Garuda Indonesia sees turbulence ahead     Tuesday, 28 Oct 2014 | 6:50 PM ET

    Emirsyah Satar, President & CEO of Garuda Indonesia, discusses how the carrier is countering issues of capacity oversupply and economic slowdown in the region.

  • Emirsyah Satar, President & CEO of Garuda Indonesia, discusses the impact of a weak rupiah and fluctuating energy prices on the airline.

  • 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...

  • 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...