Robert Prior-Wandesforde, Director, Asia Economics at Credit Suisse explains why he sees better potential for Indian markets going forward while Indonesia remains vulnerable.» Read More
Indonesia's central bank governor said he would "do whatever it takes" to bring annual inflation below 10 percent in 2009, from 11.9 percent in July, as elections next year will ensure strong economic growth.
Shares of Malaysia's top lender, Maybank, raced higher on Wednesday after the central bank blocked its plan for a costly Indonesian purchase, but analysts said the move could hurt growth in the long run.
In most countries that do not subsidize fuel, high prices have caused oil demand to stagnate or fall, as economic theory says they should. But in countries with subsidies, demand is still rising steeply, threatening to outstrip the growth in global supplies.
Shares in Indonesian coal firm PT Adaro Energy jumped as high as 56.4 percent in their market debut on Wednesday after the company raised $1.3 billion in the country's largest ever initial public offering.
All this week, CNBC Asia's Squawk Box goes on the road in Indonesia. We'll be looking at issues including trade and investment, energy, and tourism. And we'll also be talking to the country's movers and shakers, asking them their take on where Indonesia is going and how it will get there.
A $1.3-billion initial public offering by Indonesian coal company PT Adaro Energy was five times oversubscribed at the end of its offer period last week, its lead manager said.
Singapore's United Overseas Bank said on Wednesday it had proposed to delist its 61.1 percent-owned Indonesian lender UOB Buana, and planned to buy the remaining shares that it does not own.
Indonesia cannot rule out further hikes in fuel prices ahead of the 2009 presidential elections, Energy Minister Purnomo Yusgiantoro said on Sunday, due to the impact of fuel subsidies on the budget.
Declining oil reserves and investment have forced Indonesia to quit the Organization of Petroleum Exporting Countries even as other members cash in on soaring global prices, the energy minister said.
Indonesia is considering quitting the Organisation of Petroleum Exporting Countries (OPEC) as the country's crude oil output had declined, the country's President Susilo Bambang Yudhoyono said on Tuesday.
Private equity firms are hiring more staff in emerging markets to keep up with faster growth opportunities in Asia and Eastern Europe.
South Korea's Kookmin Bank said on Monday it would sell its 14 percent stake in Bank Internasional Indonesia to Malayan Banking for $378 million.
Indonesia's second-largest mobile phone operator, PT Indosat Tbk, saw a better-than-expected 23.6 percent rise in fourth-quarter net profit, thanks to strong growth in its subscriber base.
Shares in Malaysia's biggest lender, Malayan Banking, tumbled to a 3-1/2-year low on Thursday after it offered to buy Bank Internasional Indonesia for $2.7 billion.
Malaysian lender Malayan Banking, has secured a controlling stake in Indonesia's sixth-biggest lender, Bank Internasional Indonesia, for $1.5 billion, Maybank said on Wednesday.
Singapore state investor Temasek is close to a decision to sell its stake in Indonesia's sixth-biggest lender Bank Internasional Indonesia in a deal estimated to be worth more than $700 million, the Wall Street Journal reported on Monday.
Indonesia's former president Suharto, whose iron-fisted rule became a byword for corruption and bloody repression but also brought economic growth, died Sunday after a long and public fight for life.
Temasek Holdings filed an appeal against an order to divest its stake in one of Indonesia's two largest mobile phone operators, the Straits Times reported on Wednesday.
OPEC agreed on Wednesday to keep exports unchanged, rebuffing consumer country calls for more crude to rein in $90-a-barrel oil.
OPEC's big Gulf producers are keeping the door open for higher oil exports when the group meets Wednesday in Abu Dhabi.