Asia Top News and Analysis Indonesia

  • SINGAPORE/ JAKARTA, Sept 23- Indonesia's removal of taxes on oil and gas explorers is a good first step, but more is needed to lure investment from companies that have cut budgets and laid off staff after a precipitous plunge in prices, industry analysts said on Friday. "Reversing some of the changes introduced with GR79 is a significant step in the right direction,...

  • SAN FRANCISCO— Two Indonesian fishermen who escaped slavery aboard a Honolulu- based tuna and swordfish vessel when it docked at San Francisco's Fisherman's Wharf are suing the boat's owner for tricking them into accepting dangerous jobs they say they weren't allowed to leave. The lawsuit alleges that San Jose, California, resident Thoai Nguyen, owner and...

  • Oil palm plantation on the slopes of Mt. Cameroon.

    The global supply of palm oil isn’t big enough to satisfy the demand of consumers according to one analyst.

  • THURSDAY, SEPTEMBER 22 BUDAPEST- Hungarian Business Leaders Forum's Financial Summit 18 conference, titled "Breakout Brexit" JAKARTA- Indonesia central bank interest rate decision- 0700 GMT ANKARA- Turkey central bank monetary policy meeting- 1100 GMT PRETORIA- South African Reserve Bank interest rate decision- 1300 GMT CAIRO- Central bank of Egypt monetary...

  • NEW YORK/ SINGAPORE, Sept 19- The Bank of Japan may steal the thunder from the U.S. "The BOJ is important in part because the Japanese have been buying anything abroad that gives them yields," said David Keeble, global head of interest rates strategy at Credit Agricole Corporate& Investment Bank in New York. Last week, the yield on 10- year Japanese government debt rose...

  • Southeast Asian ride-hailing company, Grab has raised $750 million in equity financing, bringing its total cash pile to over $1 billion.

  • *Southeast Asia is key battleground for ride-hailing firms. Southeast Asia is fast becoming a key battleground for ride-hailing firms thanks to a burgeoning middle class as well as a youthful, Internet-savvy demographic. Grab's announcement comes a few weeks after Uber sold its China operations to bigger domestic rival Didi, an existing Grab investor, and...

  • *Indonesia tax office escalated case to a criminal one. JAKARTA, Sept 19- Indonesia plans to pursue Alphabet Inc's Google for five years of back taxes, and the search giant could face a bill of more than $400 million for 2015 alone if it is found to have avoided payments, a senior tax official said. Muhammad Haniv, head of the tax office's special cases branch, told...

  • TUESDAY, SEPTEMBER 20 BUENOS AIRES- Sweden's Riksbank Governor Stefan Ingves will hold a speech on cash usage in Sweden and the Riksbank's role in promoting an efficient payments system at a conference arranged by the central bank of Argentina- 1145 GMT BUDAPEST- Hungarian central bank rate-setting meeting- 1200 GMT ABUJA- Central bank of Nigeria interest...

  • Pirates of the South China sea

    Fortunately, the number of piracy incidents has seen a steep decline in recent years and are at their lowest levels since the late 1990s.

  • JAKARTA, Sept 19- Indonesia's PT Medco Energi Tbk said on Monday it had agreed to acquire ConocoPhillips' entire 40 percent interest in an oil and gas production sharing block that the U.S. firm operates in the Natuna Sea. Medco's announcement, which confirmed a Reuters report on Friday, did not disclose the value of the purchase. Medco's acquisition of...

  • Indonesian police and military personnel extinguish fire in Kampar, Riau province on August 29, 2016.

    Toxic haze from Indonesian forest fires last year caused the deaths of about 100,000 people across the region, the FT reports.

  • JAKARTA, Indonesia— Indonesian forest fires that choked a swath of Southeast Asia with a smoky haze for weeks last year may have caused more than 100,000 deaths, according to new research that will add to pressure on Indonesia's government to tackle the annual crisis. The study by scientists from Harvard University and Columbia University to be published in...

  • JAKARTA, Indonesia— The European Union has admitted Indonesia to a special licensing system it hopes will prevent the illegally felled tropical timber that makes up a substantial part of the country's wood production from being shipped to the 28- nation bloc. The EU said Thursday that Indonesia is the first country to qualify for the licenses.

  • SINGAPORE, Sept 15- Private banks in Singapore are sharing with local police the names of clients embracing an Indonesian tax amnesty, three banking sources told Reuters, a move that could undermine the amnesty and damage the banks' business with their biggest client pool. After initial resistance from the banks, worried they might lose clients, that message was...

  • SINGAPORE, Sept 15- Private banks in Singapore are sharing with local police the names of clients embracing an Indonesian tax amnesty, people aware of the matter said, a move that could undermine the amnesty and damage the banks' business with their biggest client pool. After initial resistance from the banks, worried they might lose clients, that message was...

  • THURSDAY, SEPTEMBER 15 LONDON- Kenya-UK Trade and Investment Forum featuring Kenya central bank Governor Patrick Njoroge, Kenya Finance Minister Henry Rotich and Foreign Minister Amina Mohamed. Speakers: Hungarian central bank Governor Gyorgy Matolcsy, Deputy Governor Marton Nagy, Hungarian Banking Association Chairman Mihaly Patai and Hungarian...

  • Workers constructing Jakarta's new giant sea wall.

    Greater Jakarta sits on a swampy plain and is sinking at a faster rate than any other city in the world.

  • A worker in a textile factory in Dongguan, Guangdong province, China.

    Beijing faces serious economic and social challenges in creating jobs for its 270 million migrant workers, the SCMP reports.

  • BANGKOK- Bank of Thailand monetary policy committee meeting- 0730 GMT. ZAGREB- Croatia National Bank monetary policy meeting. THURSDAY, SEPTEMBER 15 LONDON- Kenya-UK Trade and Investment Forum featuring Kenya central bank Governor Patrick Njoroge, Kenya Finance Minister Henry Rotich and Foreign Minister Amina Mohamed.