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  • *Move would partly prepare Indonesia for free trade agreements. JAKARTA, Feb 10- Indonesian President Joko Widodo on Wednesday unveiled plans for a "big bang" loosening of restrictions on foreign investment in nearly 50 sectors of the economy to encourage competition. Southeast Asia's largest economy which has been growing at its slowest pace in six years...

  • JAKARTA, Feb 10- Indonesia will ease foreign investment rules in several sectors of the economy, including the e-commerce, healthcare, and movie industries, President Joko Widodo said on Wednesday. The move is aimed at attracting more foreign funds into Southeast Asia's economy, which has been growing at its slowest pace in six years because of falling...

  • *India ruled Monday against differential data pricing. *Regulators in other Free Basics markets may follow India. "Not only because India was expected to be such a critical piece of the overall Internet.org success story, but more so because it has potential dangerous knock-on effects for the universal access initiative in other markets."

  • *India ruled Monday against differential data pricing. *Regulators in other Free Basics markets may follow India. "Not only because India was expected to be such a critical piece of the overall Internet.org success story, but more so because it has potential dangerous knock-on effects for the universal access initiative in other markets."

  • JAKARTA, Indonesia— There is Samsung of South Korea, Sony of Japan, BMW of Germany and IKEA of Indonesia. Yes, at least in Indonesia, if not worldwide. The furniture giant, founded in Sweden in 1943, has lost a trademark dispute in Indonesia after the country's highest court agreed the IKEA name was owned by a local company.

  • JAKARTA, Feb 5- Indonesia's economy picked up speed in the fourth quarter thanks to higher public spending, suggesting President Joko Widodo is finally starting to unclog much needed infrastructure investment and spur growth in the year ahead. Southeast Asia's largest economy grew 5.04 percent in October-December from a year earlier, supported by...

  • *Freeport copper export licence expired Thursday. *Freeport says "everything is normal" at massive mine. Asked if overseas shipments had ceased, a Freeport spokesman said "everything is normal", without elaborating.

  • *Freeport copper export licence expired Thursday. JAKARTA, Jan 29- Indonesia has not yet issued a new copper export permit to the local unit of U.S. mining giant Freeport McMoRan Inc, government officials said on Friday, but talks on the issue are expected to continue later in the day. Freeport's six-month licence to export copper concentrate expired on Thursday...

  • JAKARTA, Jan 28- Indonesia's government and Freeport McMoRan Inc on Thursday failed to reach a deal on extending the U.S. mining giant's six-month export permit, potentially halting shipments from Indonesia's massive Grasberg copper and gold mine. Freeport's six-month export permit for its Indonesian unit expired on Thursday but it was still unclear how...

  • Indonesian telecom provider blocks access to Netflix Thursday, 28 Jan 2016 | 5:33 AM ET

    PT Telekomunikasi Indonesia said in a statement it blocked Netflix beginning Wednesday because it lacks a permit to operate in Indonesia. The statement said PT Telekomunikas was also protecting its customers from inappropriate content such as pornography and depictions of violence that are illegal in Indonesia. Netflix started operating in Indonesia...

  • JAKARTA, Jan 28- Indonesia's government and Freeport McMoRan Inc are meeting on Thursday in last-ditch talks to prevent a halt in exports of copper concentrate from the U.S. mining giant's massive Grasberg mine in the province of Papua. "There has been no information whatsoever from Freeport that states whether they are able to pay or not," Mohammad Hidayat, the...

  • *Govt demands Freeport pay $530 million smelter deposit. *Freeport says requirement is "inconsistent" with 2014 deal. Indonesia's government has said the U.S. mining giant must provide a $530 million deposit by Thursday to prevent a possible halt in copper concentrate exports from its massive Grasberg mine in the province of Papua.

  • *Govt wants Freeport to pay $530 mln smelter deposit. Freeport, which has seen its stock plummet over 70 percent in the last three months as commodity markets plunge, could be forced to halt exports from its massive Grasberg copper and gold mine in Papua if it fails to meet government obligations. Freeport executives are expected to discuss the issue with the...

  • JAKARTA, Jan 22- Indonesian agriculture officials routinely inflate rice harvest data to present a rosy picture to the government and keep farm subsidies flowing, but their latest phony numbers could lead to a severe shortage of the staple in coming months, officials say. If the data had been correct, Indonesia would be awash with rice supplies and the country's...

  • JAKARTA, Jan 22- Indonesian agriculture officials routinely inflate rice harvest data to present a rosy picture to the government and keep farm subsidies flowing, but their latest phoney numbers could lead to a severe shortage of the staple in coming months, officials say. If the data had been correct, Indonesia would be awash with rice supplies and the...

  • JAKARTA, Jan 20- Indonesia will reach a decision on whether to accept Freeport McMoRan Inc's $1.7 billion divestment price for its unit in the country by the end of the first quarter, a mines ministry official said on Wednesday. Under agreements reached in 2014, the U.S. mining giant must sell the government a greater share of the Grasberg copper and gold mine in...

  • *Freeport faces difficult journey to extend mining contract. Freeport's long-held desire to continue mining in Indonesia beyond 2021 has been beset by controversy, including cabinet infighting, resignations and a major political scandal that led to the resignation of the parliamentary speaker. "The last couple of months have been a total disaster for...

  • Indonesia's central bank sees room for further easing Monday, 18 Jan 2016 | 10:44 PM ET
    Indonesia's central bank sees room for further easing

    Hendar, deputy governor of Bank Indonesia, says the timing of further BI policy easing will depend on market and macro-economic stability.

  • How Indonesian jails are breeding jihadis Monday, 18 Jan 2016 | 8:29 PM ET
    Indonesia's Cipinang prison in the capital city Jakarta.

    Afif was an inmate in a high-security Indonesian jail when he transformed from aspiring radical Islamist to soldier for Islamic State.

  • Freeport, which operates one of the world's largest copper and gold mines in Indonesia's far-eastern Papua region, is a key source of resource revenue for the country, and the issue of its operations and contract to operate are politically sensitive. Freeport has started a process to replace Sjamsuddin, Eric Kinneberg, a spokesman at Freeport's head office in...