Business News Jakarta

  • SYDNEY, Oct 16- Australia's government introduced legislation on Tuesday to ratify trade deals with Indonesia, Hong Kong and Peru, key planks of its push to boost the economy via new export opportunities for agriculture businesses. The government aims to push the trade deal legislation, which will remove many of the tariffs that have hindered two-way trade...

  • SEONGNAM, South Korea, Oct 15- South Korea has displayed the first full-size mock-up of the KF-X fighter jet it is developing with Indonesia, after officials said the program passed key design reviews in September. The next-generation aircraft being developed by Korea Aerospace Industries is designed to be a cheaper, less-stealthy alternative to the...

  • Sept 24- Germany's fast-growing capital Berlin is turning to technology to promote the use of just about every form of urban transport- except the private car- as it races to stop the city from seizing up from increasing traffic congestion. The app, called Jelbi, is run by the BVG transport authority and runs on technology from Trafi, a Lithuanian startup that built...

  • The Bank Indonesia headquarters stand in Jakarta, Indonesia

    Indonesia's central bank said on Thursday it would relax some lending rules, effective later this year, to provide further support to economic growth after announcing its third rate cut since July.

  • LONDON, Sept 18- Virgin Atlantic said on Wednesday it is hoping to add over 80 new routes to its network after a third runway is built at London's Heathrow Airport to challenge British Airways owner IAG's dominance at the airport. "Heathrow has been dominated by one airline group for far too long," said Shai Weiss, chief executive at Virgin Atlantic.

  • JAKARTA, Sept 13- Indonesia will raise the minimum price of cigarettes by more than a third from January next year, a finance ministry spokesman said on Friday, as part of the government's efforts to reduce smoking rates. Nearly 70% of adults smoke in Indonesia, according to the World Health Organization- one of the highest rates in the world- and tobacco kills...

  • JAKARTA, Sept 11- SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said. It could help OVO-DANA dominate Gojek in Indonesia's multi-billion dollar online payments market.

  • BEIJING, Sept 11- London copper recovered from early falls to trade slightly higher on Wednesday, supported by signs that top consumer China will take measures to ease the impact of a trade war with the United States. "The measures will benefit some companies from both China and the U.S.," Hu Xijin, the editor in chief of the Global Times newspaper, said on Twitter.

  • BEIJING, Sept 10- Shanghai nickel rose sharply on Tuesday as supply shortage fears persisted after top miner Indonesia expedited a ban on nickel ore exports, while market participants awaited clues on alternative supply plans from a key conference in Jakarta. Indonesia plans to ban nickel ore exports from January 2020. Nickel prices were also higher in London,...

  • BEIJING, Sept 10- Shanghai nickel rose sharply in early trade on Tuesday as fears of a supply shortage persisted after top miner Indonesia expedited a ban on nickel ore exports, while market participants awaited clues from a key conference on the metal in Jakarta. Traders of the metal used to make stainless steel and electric vehicle batteries have started...

  • *Indonesia to have additional $20 bln investment- minister. JAKARTA, Sept 2- Indonesia said on Monday it will stop nickel ore exports from Jan. 1, 2020, two years earlier than initially indicated, as it speeds up efforts to process more of its resources at home. Bambang Gatot Ariyono, the director general for coal and minerals at the Ministry of Energy and Mineral...

  • JAKARTA, Sept 2- Indonesia said on Monday it will stop nickel ore exports from Jan. 1, 2020, two years earlier than initially indicated, as it speeds up efforts to process more of its resources at home. Bambang Gatot Ariyono, the director general for coal and minerals at the Ministry of Energy and Mineral Resources, said the ban will be applicable to all grades of...

  • JAKARTA, Sept 2- Indonesia said on Monday it will stop nickel ore exports from Jan. 1, 2020, two years earlier than initially indicated, as it speeds up efforts to process more of its resources at home. Bambang Gatot Ariyono, the director general for coal and minerals at the Ministry of Energy and Mineral Resources, said the ban will be applicable to all grades of...

  • Traffic congestion in Jakarta, Indonesia.

    Jakarta will undergo a 571 trillion rupiah ($40.18 billion) urban regeneration in the next 10 years, says Bambang Brodjonegoro, Indonesia's minister of national development planning.

  • JAKARTA, Aug 28- Arie Untung, a former video jockey for the Indonesian offshoot of MTV, says he used to drink alcohol regularly and- back then- was a jeans-clad, spiky-haired rocker who was only a nominal Muslim. The celebrities, who jointly have over 20 million followers on Instagram and Twitter, are part of what has become known as the "hijrah" movement in Indonesia and,...

  • *Jakarta suffers pollution, congestion, risk of natural disasters. JAKARTA Aug 26- Indonesia on Monday revealed the long-awaited site for its new $33- billion capital on the forested island of Borneo to replace the crowded, polluted megacity of Jakarta, which is slowly sinking into the sea. "It is a strategic location at the centre of Indonesia, close to growing...

  • Indonesian President Joko Widodo.

    President Joko Widodo says it was urgent that relocation plans commence, although the capital would not physically begin to be relocated until 2024.

  • JAKARTA, Aug 23- Indonesia's exports of recycled plastic have plunged by 70% in the past few months due to a shortage of materials needed for production since Jakarta tightened rules on imported waste, an industry body said on Friday. Indonesia's plastic recycling industry uses imported plastic scraps in its products, said Akhmad Ma' ruf Maulana, chairman of the...

  • JAKARTA, Aug 22- Indonesia, the world's top palm oil producer, has told some retailers in Jakarta to remove food products with "palm oil-free" labels from their shops, a government official said, as it seeks to protect its key export. Palm oil is under scrutiny over environmental concerns including in the European Union. Ojak Simon Manurung, director of goods and...

  • JAKARTA, Aug 22- Indonesia, the world's top palm oil producer, has told some retailers in Jakarta to remove food products with "palm oil-free" labels from their shops, a government official said, as it seeks to protect its key export. Palm oil is under scrutiny over environmental concerns including in the European Union. Ojak Simon Manurung, director of goods and...