Asia Top News and Analysis Indonesia

  • JAKARTA/ BEIJING Sept 21- Indonesian authorities have generally opened their arms to fintech companies offering online loans in Southeast Asia's biggest economy, viewing them as a way of getting credit to tens of millions of people often unable to access bank lending. For Chinese platforms, Indonesia's youthful market of over 260 million people is an...

  • MONDAY, SEPTEMBER 24 BANGKOK, Thailand- Bank of Thailand Governor Veerathai Santiprabhob speaks at a two-day BOT symposium 2018: The future of money, finance, and central banking- 0200 GMT. BRATISLAVA- Slovakia Central Bank Governor Jozef Makuch holds a news conference 1100 GMT. PRAGUE- Czech National Bank holds monetary policy meeting.

  • A man counts Indonesian rupiah banknotes in Jakarta, Indonesia, on Saturday, Aug. 11, 2018. 

    Southeast Asian countries that are burning through their foreign exchange reserves to defend their plummeting currencies can turn to a regional safety net — known as the Chiang Mai Initiative — if their positions deteriorate, analysts said last week.

  • Prabianto Mukti Wibowo, a deputy minister at the Coordinating Ministry for Economic Affairs, said the moratorium, first announced by president Joko Widodo after devastating fires in 2015, will last three years. Palm oil, mainly produced in Malaysia and Indonesia, is used in a vast number of products globally from cosmetics to snacks and is a big export earner...

  • JAKARTA, Sept 19- Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/ INSEAD survey showed. Representing the six-month outlook of 104 firms, the Thomson Reuters/ INSEAD Asian Business Sentiment Index fell to 58 for the...

  • JAKARTA, Indonesia— Greenpeace says global consumer brands continue to buy palm oil from companies that are cutting down Indonesia's rainforests despite repeated pledges to clean up their supply chains. Greenpeace said the commitments on paper had frequently been used to create the appearance of taking action without making real changes.

  • Indian businesspeople

    India is a country renowned for its bustling tech start-up scene. But it's the hospitality industry that's making waves with workers, according to LinkedIn's list of top start-ups in India to work for in 2018.

  • JAKARTA, Sept 14- Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Indonesia's nickel ore has largely been overlooked by battery producers, as extracting the high purity nickel they need from it requires plants that are more costly and...

  • Go-Jek President Andre Soelistyo told CNBC that the team in Thailand was working to make the app operational soon. 

  • *Shanghai, Tokyo, Jakarta shares all up 1 pct, FTSE slips. LONDON, Sept 13- Signs of movement in the U.S.- China trade stand-off and a bumper interest rate hike in emerging market trouble spot Turkey sent world shares higher on Thursday as risk appetite returned. Shanghai, Tokyo, Jakarta stocks all gained around 1 percent and Hong Kong's Hang Seng finished up 2.5...

  • *Shanghai, Tokyo, Jakarta shares all up 1 pct, FTSE slips. Shanghai, Tokyo, Jakarta stocks all gained around 1 percent and Hong Kong's Hang Seng finished up 1.8 percent as Chinas yuan also edged higher in the currency markets. Europe moved higher too, with 0.2-0.6 percent rises for German, French, Italian and Spanish shares offsetting a weaker FTSE in London which was...

  • *Shanghai, Tokyo, Jakarta shares all up 1 pct, FTSE slips. Shanghai, Tokyo, Jakarta stocks all gained around 1 percent and Hong Kong's Hang Seng finished up 1.8 percent, while Chinas yuan also edged higher in the currency markets. Europe moved higher too, with 0.2-0.6 percent gains for German, French, Italian and Spanish shares offsetting a weaker FTSE in London which...

  • A scene from the movie "Crazy Rich Asians"

    This summer's box-office hit "Crazy Rich Asians" highlighted a wider wealth trend across the region, according to a new Wealth-X report.

  • As several emerging markets battle with ongoing currency devaluations, Richard Martin, managing director at IMA Asia, says concerns over Indonesia's rupiah look a little "overstated."

  • Indonesia is taking the right steps to shore up it currency, but recovery of the rupiah will depend on external factors, according to Max Lin, vice president and emerging market Asia strategist at NatWest Markets.

  • Song Seng Wun of CIMB Private Banking says Indonesia's economy continues to "bump along" despite the recent weakness seen in the rupiah.

  • A teller at a money changer handles Indonesia rupiah bank notes in Jakarta, Indonesia November 11, 2016.

    Emerging markets succumbed to a sell-off again on Tuesday, with currencies tumbling across the board — some to new record lows.

  • An Indonesian man reads a newspaper featuring an article about US President-elect Donald Trump at a stall on November 10, 2016 in Medan, Indonesia.

    A stronger dollar, escalating tensions since President Donald Trump came to power, worries over a full-fledged trade war with China and rising interest rates in the U.S., have pushed emerging markets back into the crisis territory. 

  • The Indonesian rupiah fell to its weakest level against the dollar in more than 20 years on Monday, prompting the country's central bank to say that it will intervene.

  • Tony Nash, chief economist at Complete Intelligence, says emerging market currency weakness is driven by domestic concerns in various countries and the strength of the U.S. dollar.