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Asia Top News and Analysis Indonesia

  • JAKARTA, July 19- Indonesia's central bank kept its benchmark interest rate unchanged on Thursday, as expected, taking a pause in its monetary tightening cycle aimed at bolstering the rupiah, though emphasizing it was still ready to support the currency. Bank Indonesia held the 7- day reverse repurchase rate at 5.25 percent, as anticipated by nearly all...

  • JAKARTA, July 19- Indonesia's central bank kept its benchmark interest rate unchanged on Thursday, as expected, taking a pause in its monetary tightening cycle aimed at bolstering the rupiah, though emphasizing it was still ready to support the currency. Bank Indonesia held the 7- day reverse repurchase rate at 5.25 percent, as anticipated by nearly all...

  • The US-China trade war's impact on Southeast Asia

    Joseph Incalcaterra of HSBC Global Research explains why Indonesia and the Philippines could be among the least impacted countries in Southeast Asia by the ongoing U.S.-China trade war.

  • Palm oil companies Royal Golden Eagle, Wilmar, Musim Mas Group and Golden Agri Resources sold oil from 21 "tainted" mills to more than a dozen global brands including Nestle and Unilever, according to the report by Eyes on the Forest, a coalition of environmental NGOs including WWF-Indonesia. In spot checks since 2011, EoF used GPS tracking to follow trucks...

  • The rocket booster for Blue Origin's New Shepard lands on the company's pad near Van Horn, Texas after a successful mission. 

    Blue Origin launched its New Shepard rocket on Wednesday for the ninth time, taking off from the company's facility near Van Horn, Texas.

  • The potential impact of faster Fed rate hikes on EM Asia

    Simon Baptist of The Economist Intelligence Unit says countries such as Pakistan, Sri Lanka, Indonesia and Vietnam are likely to be among those most affected by a faster hike in interest rates by the Fed.

  • The dollar has a 'more nuanced, selective story' ahead: Strategist

    Divya Devesh of Standard Chartered Bank says some currencies in Southeast Asia are "looking quite cheap."

  • South Korea's Hwang Hee-chan in action with Sweden's Andreas Granqvist at the 2018 World Cup in Nizhny Novgorod, Russia.

    Culture is "one of the biggest determining factors" for nations looking to improve their international standing, said Tom Byer, an American soccer expert, who has coached youth teams in Japan for the past two decades.

  • That agreement, which could still collapse, will have Freeport give up majority control but remain operator of the Grasberg copper mine, located in the country's eastern province of Papua, as Jakarta seeks to gain greater control over its mineral wealth. Freeport and Rio Tinto have agreed on a structure and pricing for a series of transactions to transfer...

  • **BEIJING- Chinese President Xi Jinping meets World Bank President Jim Yong Kim, Director-General of UNESCO Audrey Azoulay, European Commission President Jean-Claude Juncker and European Council President Donald Tusk in Beijing- 0730 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of July monetary policy meeting 0130 GMT.

  • *Freeport now closer to ending years of acrimony. The agreement, which could still collapse, will see Freeport give up majority control but remain the operator of the Grasberg mine, located in the country's eastern province of Papua, as Jakarta seeks to gain greater control over its mineral wealth. "Freeport left money on the table to get this deal done," Freeport...

  • *Freeport now closer to ending years of negotiating. "It's a new day for Freeport, and a new day for our working with the government," Freeport Chief Executive Officer Richard Adkerson said on a conference call with investors after a signing ceremony in Jakarta. A subsequent purchase of the share of Grasberg held by Freeport unit PT Indocopper Investama, valued at...

  • *Indonesia to gain 51.38 pct stake in Freeport's local unit. JAKARTA, July 12- Indonesia on Thursday struck an agreement with Freeport-McMoRan Inc and Rio Tinto to buy a controlling stake in the world's second-biggest copper mine via a series of transactions valued at $3.85 billion. Aside from increasing government revenues, Jakarta hopes the agreement will...

  • JAKARTA, July 12- Indonesia's State-Owned Enterprises Minister Rini Soemarno said on Thursday state mining company PT Inalum will pay $3.85 billion to acquire a majority stake in the local unit of Freeport-McMoRan Inc..

  • *Details of Freeport deal due later on Thursday. JAKARTA, July 12- Indonesia and Freeport-McMoRan Inc have struck an initial agreement for state-owned mining company PT Inalum to take a controlling stake in Freeport's local unit, government officials said on Thursday, though the final price for the deal remains unclear. Last August, the two sides agreed to let...

  • *Details of Freeport deal due later on Thursday. JAKARTA, July 12- Indonesia and Freeport-McMoRan Inc have struck an initial agreement for state-owned mining company PT Inalum to take a controlling stake in Freeport's local unit, government officials said on Thursday, though the final price for the deal remains unclear. Last August, the two sides agreed to let...

  • *Details of Freeport deal expected later on Thursday. JAKARTA, July 12- Indonesia is set to announce later on Thursday the details of a deal to acquire a majority stake in the local unit of U.S. copper miner Freeport McMoRan Inc, a source with knowledge of the matter said. Phoenix, Arizona- based Freeport has been in negotiations with Indonesia to secure long-term...

  • BELGRADE- National Bank of Serbia holds interest rate decision- 1000 GMT. FRIDAY, JULY 13 PRAGUE- Czech National Bank will release the minutes of its June 2018 monetary policy meeting- 0700 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of July monetary policy meeting 0130 GMT.

  • *Grab sees revenue of $1 billion by end-2018. SINGAPORE, July 10- Grab unveiled a grocery delivery service on Tuesday, betting the firm's extensive network of 7.1 million drivers, agents and merchants will help steer the company as it expands beyond its core ride-hailing business across Southeast Asia. The strategy to provide "everyday" offerings via a new open...

  • BUENOS AIRES- Central Bank of Argentina releases monetary policy statement. KIEV- The Governor of the National Bank of Ukraine Yakiv Smoliy holds a press conference- 1100 GMT. KIEV- National Bank of Ukraine holds monetary policy meeting.