Indonesian officials routinely inflate rice harvest data, but their latest phony numbers could lead to a severe shortage, officials say.» Read More
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...
Hendar, deputy governor of Bank Indonesia, says the timing of further BI policy easing will depend on market and macro-economic stability.
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...
Chairul Tanjung, founder and chairman of CT Corp, says ISIS's attack in Jakarta had a limited effect because Indonesia's majority are against radicalism, and the BI had cut interest rates.
Islamic State could be mobilizing local terror groups to establish a global Islamic polity.
Michael Preiss, executive director at Taurus Wealth Advisors, says the Jakarta blasts could dampen market sentiment although the impact is hard to quantify.
Markets did not react much to Jakarta blasts, in part because it was offset by the BI rate cut, says Sarina Lesmina, head of Indonesia research at CLSA.
JAKARTA, Jan 15- Indonesia's trade balance moved back into surplus in 2015, after three years of deficits, but the turnaround mostly showed how sluggish the economy has been. In 2014, Indonesia had a deficit of $2.2 billion. Export will remain flat "for some time", Wai Ho Leong of Barclays in Singapore said, but with infrastructure spending picking up, "we believe the...
Indonesia’s markets have shrugged off the concerted terrorist attack on its capital, with the currency and shares recovering quickly.
Based on the past four major attacks, 2002 was the only time markets had a negative reaction, states Isnaputra Iskandar, head of research at Maybank Kim Eng Securities.
International investors and business leaders were reassured by Indonesia's swift response to the attacks, says Douglas Ramage, MD at BowerGroupAsia
Cedric Chehab, head of Asia research at BMI Research, explains that Indonesia's economy won't be affected because the attack was away from tourist spots and the central bank cut rates Thursday.
Lin Neumann, MD at Amcham Indonesia, says that businesses are not worried, because they have already factored in the risk of potential attacks in Indonesia.
Recent attacks in Jakarta, Istanbul and Paris are all part of global societal distress, says David Howard-Jones, partner at Oliver Wyman.
Attacks like Thursday's Jakarta blasts have very small economic or market impacts, explains Geoff Lewis, global market strategist at Manulife Asset Management.
Divya Devesh, Asia FX strategist at Standard Chartered, said Bank Indonesia's rate cut helped stabilize sentiment on Indonesia.
Sri Jegarajah reports on the latest developments in Jakarta attacks, including the suspected culprits.
Jonah Blank, senior political scientist at RAND, says Islamic State has been trying to take over the Al-Qaeda-affiliated Jemaah Islamiyah terror network in the region.