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Asia Top News and Analysis Indonesia

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  • Indonesia to Return to 7-8% Growth: Analyst Tuesday, 20 Oct 2009 | 3:59 AM ET

    Indonesia's economy will eventually return to an annual growth of 7-8%, the rate it has managed before the onset of the Asian financial crisis, Tim Condon, head of research, Asia at ING Financial Markets, told CNBC.

  • Indonesia Central Bank Chief Tackles Inflation Sunday, 31 Aug 2008 | 10:46 PM ET
    INDONESIA.jpg

    Indonesia's central bank governor said he would "do whatever it takes" to bring annual inflation below 10 percent in 2009, from 11.9 percent in July, as elections next year will ensure strong economic growth.

  • Maybank Shares Up on BII News, But Worries Ahead Tuesday, 29 Jul 2008 | 9:38 PM ET
    Malaysia

    Shares of Malaysia's top lender, Maybank, raced higher on Wednesday after the central bank blocked its plan for a costly Indonesian purchase, but analysts said the move could hurt growth in the long run.

  • Fuel Subsidies Overseas Take a Toll on U.S. Monday, 28 Jul 2008 | 9:59 AM ET
    Oil Barrels

    In most countries that do not subsidize fuel, high prices have caused oil demand to stagnate or fall, as economic theory says they should. But in countries with subsidies, demand is still rising steeply, threatening to outstrip the growth in global supplies.

  • Coal Firm Adaro Surges in Indonesia's Biggest IPO Tuesday, 15 Jul 2008 | 11:29 PM ET
    INDONESIA.jpg

    Shares in Indonesian coal firm PT Adaro Energy jumped as high as 56.4 percent in their market debut on Wednesday after the company raised $1.3 billion in the country's largest ever initial public offering.

  • Squawk on the Road: Indonesia Monday, 14 Jul 2008 | 1:10 AM ET

    All this week, CNBC Asia's Squawk Box goes on the road in Indonesia. We'll be looking at issues including trade and investment, energy, and tourism. And we'll also be talking to the country's movers and shakers, asking them their take on where Indonesia is going and how it will get there.

  • Indonesia's Adaro IPO Five Times Oversubscribed Monday, 14 Jul 2008 | 12:18 AM ET
    INDONESIA.jpg

    A $1.3-billion initial public offering by Indonesian coal company PT Adaro Energy was five times oversubscribed at the end of its offer period last week, its lead manager said.

  • Singapore's UOB Seeks to Delist Indonesian Unit Wednesday, 18 Jun 2008 | 1:20 AM ET

    Singapore's United Overseas Bank said on Wednesday it had proposed to delist its 61.1 percent-owned Indonesian lender UOB Buana, and planned to buy the remaining shares that it does not own.

  • Indonesia Will Not Rule Out More Fuel Price Hikes Sunday, 1 Jun 2008 | 9:47 PM ET
    INDONESIA.jpg

    Indonesia cannot rule out further hikes in fuel prices ahead of the 2009 presidential elections, Energy Minister Purnomo Yusgiantoro said on Sunday, due to the impact of fuel subsidies on the budget.

  • Indonesia Quits OPEC as Oil Prices Soar Wednesday, 28 May 2008 | 11:37 PM ET
    oilbarrels_money2.jpg

    Declining oil reserves and investment have forced Indonesia to quit the Organization of Petroleum Exporting Countries even as other members cash in on soaring global prices, the energy minister said.

  • Indonesia May Drop out of OPEC Tuesday, 6 May 2008 | 3:48 AM ET
    INDONESIA.jpg

    Indonesia is considering quitting the Organisation of Petroleum Exporting Countries (OPEC) as the country's crude oil output had declined, the country's President Susilo Bambang Yudhoyono said on Tuesday.

  • Buyout Firms Increasing Hiring in Emerging Markets Thursday, 24 Apr 2008 | 12:17 PM ET
    China

    Private equity firms are hiring more staff in emerging markets to keep up with faster growth opportunities in Asia and Eastern Europe.

  • Kookmin to Sell BII Stake for $378 Million to Maybank Sunday, 30 Mar 2008 | 11:33 PM ET

    South Korea's Kookmin Bank said on Monday it would sell its 14 percent stake in Bank Internasional Indonesia to Malayan Banking for $378 million.

  • Indonesia's Indosat Quarter Profit Rises 23.6% Sunday, 30 Mar 2008 | 8:52 PM ET

    Indonesia's second-largest mobile phone operator, PT Indosat Tbk, saw a better-than-expected 23.6 percent rise in fourth-quarter net profit, thanks to strong growth in its subscriber base. 

  • Maybank Shares Dive After Pricey BII Purchase Thursday, 27 Mar 2008 | 12:46 AM ET

    Shares in Malaysia's biggest lender, Malayan Banking, tumbled to a 3-1/2-year low on Thursday after it offered to buy Bank Internasional Indonesia for $2.7 billion.

  • Malaysia's Maybank in $2.7 Billion Bid for BII Tuesday, 25 Mar 2008 | 10:34 PM ET

    Malaysian lender Malayan Banking, has secured a controlling stake in Indonesia's sixth-biggest lender, Bank Internasional Indonesia, for $1.5 billion, Maybank said on Wednesday.

  • Temasek May Sell Stake in Indonesian Bank: WSJ Sunday, 24 Feb 2008 | 10:07 PM ET
    Temasek Holdings

    Singapore state investor Temasek is close to a decision to sell its stake in Indonesia's sixth-biggest lender Bank Internasional Indonesia in a deal estimated to be worth more than $700 million, the Wall Street Journal reported on Monday.

  • Former Indonesian Strongman Suharto Dead Sunday, 27 Jan 2008 | 2:05 PM ET
    ** FILE ** Former Indonesian President Suharto, center, walks with her daughter Siti Hardiyanti Rukmana, right, and aide during the celebrations of his 86th birthday at his home in Jakarta, Indonesia, in this June 8, 2007, file photo. Prosecutors filed a civil lawsuit against former Indonesian dictator Suharto on Monday July 9, 2007, seeking US$1.54 billion (euro1.13 billion) in damages and funds allegedly stolen from the state during his 32 years in power. (AP Photo/Edo, FILE)

    Indonesia's former president Suharto, whose iron-fisted rule became a byword for corruption and bloody repression but also brought economic growth, died Sunday after a long and public fight for life.

  • Temasek Appeals Indonesia Antitrust Ruling Tuesday, 18 Dec 2007 | 10:03 PM ET

    Temasek Holdings filed an appeal against an order to divest its stake in one of Indonesia's two largest mobile phone operators, the Straits Times reported on Wednesday.

  • OPEC Leaves Oil Production Unchanged Wednesday, 5 Dec 2007 | 10:22 AM ET
    Abu Dhbai

    OPEC agreed on Wednesday to keep exports unchanged, rebuffing consumer country calls for more crude to rein in $90-a-barrel oil.