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Asia Top News and Analysis Indonesia

  • CANBERRA, Australia— Passengers on an Indonesia AirAsia flight from Australia to the holiday island of Bali described a panicked flight crew announcing an emergency and oxygen masks dropping from the ceiling after their airliner lost cabin air pressure and rapidly descended. Flight QZ535 returned safely on Sunday to the airport at Perth city where many of...

  • *Malaysia once a key source of revenue for North Korea. KUALA LUMPUR, Oct 13- Malaysia, which until recently had been one of Pyongyang's closest friends, has halted all imports from North Korea, as part of global efforts to cut off funding over its nuclear and missile programmes. Malaysia did not buy any goods from North Korea in June and July, after buying 20.6 million...

  • SINGAPORE, Oct 12- The appeal of Indonesia's oil and gas sector is improving for some independent producers as the resource-rich nation scrambles to reduce its dependence on imports and fill a gap left by the exit of some producers, the head of GSS Energy told Reuters. Amid depressed oil prices, international oil companies such as ConocoPhillips and Chevron...

  • Trucks operate in the open-pit mine of PT Freeport's Grasberg copper and gold mine complex near Timika, in the eastern region of Papua, Indonesia.

    Indonesian Finance Minister Sri Mulyani Indrawati said the agreement with Freeport-McMoRan could be executed before 2018.

  • Indonesia and Freeport McMoRan are close to an agreement on mining pact: Finance Minister

    Indonesian Finance Minister Sri Mulyani Indrawati says an agreement with Freeport McMoRan on its mining operations in the country could be reached before the end of the year.

  • DJIBOUTI, Oct 11- Late last year, the Kota Nazar, a Singaporean ship with 636 containers of steel, paper, medicine and other goods, set sail to Hodeida, the largest cargo port in war-torn Yemen. Like dozens of other ships carrying food and supplies to Yemen over the past 30 months, the Kota Nazar was stopped by a Saudi Arabian warship blocking Yemen's ports on the Red Sea.

  • Iwan Joeniarto, president and CEO of GMF AeroAsia, said the IPO for the unit of Indonesian flag carrier Garuda is the first step to expand.

  • AMED, Indonesia, Oct 2- A Balinese town once bustling with holidaymakers has almost emptied of tourists after warnings that nearby Mount Agung could erupt at any time- a snapshot of the growing cost the rumbling volcano poses to Indonesia's economy. "It could be worse than when the Bali bombing happened because there's uncertainty on when is going to happen and...

  • Malaysia's Royal Police Chief Khalid Abu Bakar demonstrates to the media during a news conference regarding the apparent assassination of Kim Jong Nam, the half-brother of the North Korean leader, at the Malaysian police headquarters in Kuala Lumpur, Malaysia, February 22, 2017.

    Two women said they were duped into using using nerve gas agents to assassinate the brother of North Korea's leader Kim Jong Un.

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, according to a company letter reviewed by Reuters on Friday. The Sept. 28 letter to Indonesia's finance ministry reflects persistent and deep divisions between...

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, the company said in a Sept. 28 letter to the state. Freeport, which agreed in late August to divest a 51- percent stake in its Indonesian operations to the government under a...

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, the company said in a Sept. 28 letter to the state. Freeport, which agreed in late August to divest a 51- percent stake in its Indonesian operations to the government under a...

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, the company said in a Sept. 28 letter to the state. Freeport, which agreed in late August to divest a 51- percent stake in its Indonesian operations to the government under a...

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, the company said in a Sept. 28 letter to the state. Freeport, which agreed in late August to divest a 51- percent stake in its Indonesian operations to the government under a...

  • SINGAPORE, Sept 29- Southeast Asia is on the verge of a logistics "boom" thanks to e-commerce, but will require huge investment in cities and last-mile networks to cope, says Pierre Poignant, the man behind the systems that keep Alibaba-owned Lazada moving. Poignant, chief operating officer, said the Singapore- based marketplace, for its part, would continue to bet on...

  • As the Fed reduces its balance sheet, one "bad story" from emerging markets could send exchange rates moving rapidly, says IMA Asia's Richard Martin.

  • NEW YORK, Sept 27- Brent prices fell on Wednesday while U.S. crude rallied, after oil stockpiles in the world's top consumer unexpectedly drew down with refiners coming back online following Hurricane Harvey last month. Brent slipped from 26- month highs to settle down 54 cents, or nearly 1 percent, at $57.90 a barrel, while U.S. "The crude number was definitely...

  • NEW YORK, Sept 27- Brent prices fell on Wednesday while U.S. crude rallied, after crude stockpiles in the world's top oil consumer unexpectedly drew down with refiners coming back online following Hurricane Harvey last month. Brent slipped from 26- month highs to settle down 54 cents, or nearly 1 percent, at $57.90 a barrel, while U.S. "Gains in WTI oil prices will be...

  • NEW YORK, Sept 27- Global oil prices fell on Wednesday while U.S. crude rallied, after crude stockpiles unexpectedly drew with refiners coming back online following Hurricane Harvey last month. Both benchmarks remained on track for monthly gains on stronger demand as refiners along the U.S. Gulf Coast ramped up production after Harvey crippled capacity.

  • Brent November crude futures were down 13 cents at $58.31 a barrel by 1347 GMT, while U.S. Turkey's repeated threat to cut oil exports from the Kurdistan region in northern Iraq pushed the price close to $60 a barrel on Monday for the first time since June 2015. "With a high of $59.49, Brent has failed a first attempt at $60 and we will see if there is enough in the weekly...