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Asia Top News and Analysis Indonesia

  • SHANGHAI/ BEIJING, April 26- China says its Silk Road initiative is helping create "a new era of globalisation" open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere. Leaders from 28 countries will attend the Belt and Road Forum in Beijing on May 14-15,...

  • SHANGHAI/ BEIJING, April 26- China says its Silk Road initiative is helping create "a new era of globalization" open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere. Leaders from 28 countries will attend the Belt and Road Forum in Beijing on May 14-15,...

  • Freeport, which resumed copper concentrate exports from Indonesia on Friday after securing a six-month permit, said it will immediately begin negotiations with Jakarta on a long-term license for Grasberg, the world's second-biggest copper mine. New rules in Indonesia require miners to divest a 51 percent stake in their operations, relinquish arbitration...

  • WASHINGTON, April 25- Indonesia will not need to repeat last year's major spending cut as the government's revenue projections look "on track" amid strengthening growth, Finance Minister Sri Mulyani Indrawati told Reuters. One of Indrawati's first acts when she returned to Jakarta as finance minister in July 2016 was to slash state spending by $10.2 billion to...

  • Rising global interest rates will diminish the attractiveness of bonds, but emerging market debt can still be a strong play, a Morgan Stanley executive told CNBC.

  • A Gojek rider transports a passenger in Jakarta on February 2, 2017.

    CNBC tested Go-Jek, an Indonesian app used commonly for ride-hailing of motorbikes.

  • U.S. Vice President Mike Pence looks toward the north from an observation post inside the demilitarized zone separating the two Koreas, in Paju, South Korea, April 17, 2017.

    U.S. Vice President Mike Pence nears end of Asia tour with pledge to honor refugee deal with Australia.

  • VP raised Freeport dispute in discussion with Widodo. Indonesia's trade ministry issued Freeport with a permit to export 1.1 million tonnes of copper concentrate up to February next year, although it was unclear how long shipments would last. Freeport is still at loggerheads with Indonesia over rights to its giant Grasberg mine in Papua, and tensions with...

  • Tensions are rising around Grasberg, the world's second-biggest copper mine, after operator Freeport laid off thousands of workers there to stem losses from an ongoing dispute with the Indonesian government over mining rights. While Freeport is expecting to soon seal agreements with Jakarta to allow it to temporarily resume copper concentrate exports...

  • Vice President Mike Pence told Indonesian President Joko Widodo that more steps were needed to resolve the dispute between mining company Freeport McMoRan Inc and the Indonesian government, a White House foreign policy adviser said on Friday. Amid rising tensions around the world's second-biggest copper mine, Pence briefly raised the issue during a...

  • Tensions are rising around Grasberg, the world's second-biggest copper mine, after operator Freeport laid off thousands of workers there to stem losses from an ongoing dispute with the Indonesian government over mining rights. While Freeport is expecting to soon seal agreements with Jakarta to allow it to temporarily resume copper concentrate exports...

  • Venture capitalists and regional start-ups gathered in Bali to discuss the future of tech.

  • Tobias Basuki from the Center for Strategic and International Studies explains why the Pence's comments on Indonesia didn't sit well with some people.

  • Those findings come as the semi-annual gathering of finance officials from the International Monetary Fund, the World Bank and the Group of 20 major economies kicks off in Washington, where the case against protectionist trade policies is expected to be a major theme. "For the first time in five years, all the major economies seem to be growing in sync," noted Ajay...

  • LONDON, April 20- The South African rand rose on Thursday and local bond yields fell to three-week lows, helped by slowing inflation, the government's rejection of nationalisation and the tailwind of a weaker dollar. "Of the big countries, that's the one that has more risk attached to it politically, even more so than Turkey," said Daniel Moreno, an emerging markets...

  • Supporters of new Jakarta Governor Anies Baswedan supporters celebrate his electoral victory by marching and lighting firecrackers in the Indonesian capital city on April 19, 2017.

    Structural reforms in Indonesia's capital city could slow as a result of a religiously-charged gubernatorial election.

  • JAKARTA, Indonesia— Southeast Asia, a focus of past U.S. presidents, has been overlooked thus far for the Trump administration, but Vice President Mike Pence's visit to Indonesia Thursday marked a sign of change and he announced the president would follow him to the region later this year. Pence's stop in Jakarta on a 10- day swing through the Asia-Pacific, meeting...

  • 'Indonesia has no notice of Mike Pence'

    Former presidential candidate Prabowo Subianto was involved in Jakarta's election to influence the presidential vote in 2019, notes political analyst Wimar Witoelar.

  • Main question in Jakarta election result

    Cameron Hume, former U.S. Ambassador to Indonesia, says it remains to be seen whether Anies Baswedan, the newly elected governor of Jakarta, will be able to deliver results.

  • In Indonesia, 'reform agenda not going away'

    Steve Brice, Standard Chartered Private Bank, says there's no need to panic about the state of Indonesia after the Jakarta gubernatorial election.