The CEO of Bank Negara Indonesia, Indonesia’s fourth-largest lender, says it’s searching for suitable buyers for a 25 percent stake in its life insurance business. He was responding to recent reports the bank is in talks with Japanese investors.
The Indonesian government's approval of a long-awaited land acquisition bill in December will speed up land purchases for public infrastructure projects in Southeast Asia's largest economy and boost the country's cement space, according to one analyst.
Business is booming for Indonesia’s luxury jet charter firm Enggang Air Services and the company’s CEO Donnie Armand tells CNBC he is planning to expand his fleet size by 50 percent this year — a reflection of the country’s surging demand for private jet travel.
Nearly two-thirds of married couples and people with a significant other say their partner is the most important source of happiness in their lives, according to a new global poll released on Valentine's Day.
The Indonesian airline industry has made progress toward mending its reputation — amid soaring demand — after a series of spectacular crashes in recent years drew international attention to the country’s poor safety record. Now it has a new problem to deal with: drug abuse among its pilots. The NYT reports.
Greek talks go down to the wire, and central banks hold steady - it's time for your FX Fix.
Rising wealth lifts demand for exotic pets and delicacies in Asia. Meanwhile, enforcers are stretched thin.
The Greeks talk to creditors, the British have a jobs problem, and Indonesia gets a lift - it's time for your FX Fix.
Indonesia's newly appointed Minster for Creative Economy tells CNBC she hopes the sector will contribute 11% to Indonesia’s GDP in 10 years time.
Multi-billion dollar corruption in India and a whopping 36 percent cut in the salary for Singapore's prime minister have once again raised the question: How much should politicians be paid?
Euro shorts take cover and Indonesia gets a ratings boost - it's time for your FX Fix.
Short euro positions hit a high and the Australian dollar gets a lift - it's time for your FX Fix.
The prolonged strike at Freeport-McMoran's Papua, New Guinea, mine will force the company to lower its production estimates, CEO Richard Adkerson told CNBC Wednesday.
Higher labor costs in China, while necessary to boost consumption, can also create an opportunity for countries like Indonesia, which can offer cheap and efficient labor for mass manufacturing.
Indonesia may have surprised with a big currency-denting interest rate cut, but this economist says they won't have company.
As the eurozone crisis spreads from Greece to Italy, countries far afield are being sucked into the maelstrom. The FT reports.
The euro stops its freefall, the Bank of England holds steady, and Indonesia cuts - it's time for your FX Fix.
Rows of cargo containers clutter the tarmac outside an overflowing warehouse at Jakarta’s airport where there are not enough landing slots for all the planes. The chaotic scene offers the most graphic illustration of how strong economic expansion is straining Indonesia’s worn out infrastructure just as it emerges, once again, as a regional power. The FT reports.
Emerging market debt could be safer than US Treasurys, according to a new study by Bank of America Merrill Lynch and the Eurasia Group.
Asian stocks outside of Japan may have rebounded about 5 percent since the start of the month, but don't expect that positive momentum to last, says one strategist.