Asia Top News and Analysis Indonesia

  • China

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

  • 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 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. 

  • 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.

  • 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 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.

  • ** 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 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.

  • Abu Dhbai

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

  • Abu Dhbai

    OPEC's big Gulf producers are keeping the door open for higher oil exports when the group meets Wednesday in Abu Dhabi.

  • Singapore's state investor Temasek Holdings will adopt a three-pronged strategy to counter the rising tide of nationalism against sovereign wealth funds, a local newspaper said on Friday.

  • Indosat, Indonesia's second-largest mobile phone operator, made a better-than-expected 59 percent rise in third-quarter net profit, based on Reuters calculations, due to strongsubscriber growth.

  • Shares of Indonesia's two biggest telephone stocks tumbled at the start of trade on Tuesday following a ruling by the country's anti-monopoly agency, and dragging down the Jakarta stock index

  • Indonesia is set to rule on Monday on a probe into Temasek Holdings' business practices in the nation's mobile phone sector, which could see the Singapore state investment arm being fined or forced to reduce its holdings in the sector.

  • Singapore's state investment firm Temasek Holdings said on Wednesday that it would defend itself against the findings by Indonesia's anti-trust body KPPU that it had violated the country's anti-monopoly laws.

  • Indonesia's Sumatra island was pounded by aftershocks on Thursday after the world's most powerful earthquake so far this year killed at least six people and buried many more under buildings.

  • A powerful earthquake hit Indonesia on Wednesday, causing buildings to sway strongly in the capital, and authorities issued a tsunami warning for much of the Indian Ocean region.

  • A decade on from Asia's financial crisis, the oil market has witnessed an unprecedented bull run. The surge in prices has seemed unsustainable with some commentators likening the jump to the dot com tech bubble. However, this particular bubble in the commodities market shows no signs of bursting as long as the twin powerhouses in the region -- China and India  -- continue to grow.

  • Thousands of workers headed back to Freeport-McMoRan's Grasberg mine in Indonesia on Sunday in a fleet of buses after ending a four-day walkout that sent copper prices to seven-month highs.

  • Growth in Asia's developing economies should ease to 7.6% in 2007 from last year's 11-year peak as expansion in industrialized nations slows, the Asian Development Bank (ADB) said on Tuesday.