Asia Top News and Analysis Indonesia

  • *JPMorgan downgraded Indonesia at time of uncertainty- finmin. *Indonesia says bond dealers must avoid conflicts of interest. JPMorgan published a research report on Nov. 13 that gave Indonesia an underweight assessment, just as Southeast Asia's biggest economy was seeing an outflow of funds along with other emerging markets after Donald Trump's victory in...

  • *Goldman bought Hanson shares from Platinum Partners. Benny Tjokrosaputro, president director of Indonesian property developer PT Hanson International Tbk, filed a lawsuit in a Jakarta court on Sept. 8 against Goldman's unit, Goldman Sachs International. In an emailed statement on Friday, Goldman said Goldman Sachs International bought the shares from New...

  • *JPMorgan downgraded Indonesia at time of uncertainty- finmin. *Indonesia says bond dealers must avoid conflicts of interest. JPMorgan published a research report on Nov. 13 that gave Indonesia an underweight assessment, just as Southeast Asia's biggest economy was seeing an outflow of funds along with other emerging markets after Donald Trump's victory in...

  • JAKARTA, Jan 19- Indonesia's anti-corruption agency said on Thursday it was treating the former chief executive of airline PT Garuda Indonesia Tbk as a suspect in a bribery case. Indonesia's Corruption Eradication Commission said in a statement the CEO of Garuda from 2005 to 2014 was suspected of taking bribes related to the purchase of planes and machines...

  • JAKARTA, Jan 19- Indonesia's anti-corruption agency said on Thursday it was treating the former chief executive of airline PT Garuda Indonesia Tbk as a suspect in a bribery case. Indonesia's Corruption Eradication Commission said in a statement the CEO of Garuda from 2005 to 2014 was suspected of taking bribes related to the purchase of planes and machines...

  • Syarif said Satar received the bribes via another suspect who has a Singapore- based company with businesses in Indonesia but who was not identified. The British engineering giant apologized for the scandal that involved paying millions of dollars in bribes to secure orders in six countries including Indonesia, Malaysia, Russia and China.

  • JAKARTA, Jan 19- Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government. The shift, designed to ease the burden on Jakarta's budget, will only apply to new contracts and will not disrupt existing agreements using the...

  • JAKARTA, Jan 19- Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government. The shift, designed to ease the burden on Jakarta's budget, will only apply to new contracts and will not disrupt existing agreements using the...

  • SYDNEY, Jan 19- Tigerair Australia said it expects to resume flights to Bali from Feb. 3, almost three weeks after the airline's permission to fly to the island was revoked by Indonesia due to a bureaucratic technicality. Tigerair on Thursday said it had received a "key approval" to fly to Bali using its A320s from Feb. 3, subject to final procedural approvals being...

  • Central banks in Malaysia and Indonesia were expected to keep interest rates steady on Thursday, constrained by fears of currency outflows.

  • NEW YORK, Jan 18- Donald Trump's Indonesian business partner dismissed concerns by ethics officials that the U.S. president-elect's companies' overseas business deals might be vulnerable to conflicts of interest in an interview on Wednesday. Hary Tanoesoedibjo, 51, is the billionaire chairman and chief executive of MNC Group, which is constructing two...

  • *Graphic of poll results: http://tmsnrt.rs/2e7JFpt. Jan 18- The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth. That uncertainty is heightened by the signs of a rise in nationalist...

  • DAVOS, Switzerland- Swedish Prime Minister Stefan Lofven and Swedish Finance Minister Magdalena Andersson will hold a press conference in Davos- 1400 GMT. Speakers include- Austrian National Bank Governor and ECB governing council member Ewald Nowotny, Macedonia National Bank Governor Dimitar Bogov, Czech National Bank Governor Jiri Rusnok, Slovakia...

  • *Indonesia expected to import 70 pct of LPG in 2017- Pertamina. JAKARTA, Jan 17- Indonesian state energy company Pertamina expects to import liquefied petroleum gas from the United States to meet growing demand, with U.S shipments to Asia set to climb following transport developments like the extension of the Panama Canal. He said that Indonesia would import a...

  • Philippine President Rodrigo Duterte (R) and Japanese Prime Minister Shinzo Abe (L) raise a toast during a state dinner at the Malacanang Presidential Palace in Manila on January 12, 2017.

    While Asia is progressing on the integration front, the European Union appears to be unraveling.

  • JPMorgan Chase headquarters in New York.

    The investment bank says that the upgrade is not related to the government's move to cut ties, the FT reports.

  • An oil tanker docked at a PT Pertamina facility at Tanjung Priok Port in Jakarta, Indonesia

    Oil production in Asia-Pacific is declining at a rate not seen elsewhere in the world, Wood Mackenzie has warned.

  • JAKARTA, Indonesia— President-elect Donald Trump's billionaire business partner and possible political proxy in Indonesia nurses big leadership ambitions in the vast but perennially lagging Southeast Asian nation, which he says isn't developed enough to have a successful democracy and needs strong leadership. Tanoe bemoans what he is says is...

  • BOGOR, Indonesia— Japan and Indonesia on Sunday affirmed a deepening of economic and political ties during a visit by Japanese Prime Minister Shinzo Abe, who is using a four-nation tour of Asia to underscore his government's role in countering China's assertiveness in the South China Sea. After meeting with Abe, Indonesian President Joko "Jokowi" Widodo said...

  • China was the biggest culprit with its electronic waste more than doubling, according to a new study by the United Nations University. Rising incomes in Asia, burgeoning populations of young adults, rapid obsolescence of products due to technological innovation and changes in fashion, on top of illegal global trade in waste, are among factors driving the...