Business News Jakarta

  • BEIJING, Aug 12- London nickel prices plunged after an initial surge in volatile trade on Monday as bulls that placed bets on Indonesia bringing forward a ban on mineral ore exports moved to close their positions. It had hit a 16- month high in London last Thursday before shedding 2.1% on Friday after Indonesia's trade minister, Enggartiasto Lukita, said Jakarta...

  • BEIJING, Aug 12- London nickel prices rose sharply in volatile Asian trade early on Monday as speculation continued that key producer Indonesia is about to bring forward a ban on mineral ore exports that was previously set to start in 2022. *NICKEL: Three-month nickel on the London Metal Exchange rose as much as 3.8% to $16,145 a tonne and stood at $16,125 a tonne as...

  • BEIJING, Aug 9- London nickel prices eased on Friday, slipping from a 16- month high struck in the previous session, after Indonesia's nickel miners association said it had urged the government not to bring forward a ban on mineral ore exports. Shanghai nickel, meanwhile, struck a record high overnight and closed up more than 5% on Friday. *COPPER: Benchmark London...

  • BEIJING, Aug 9- London nickel prices eased on Friday, slipping from a 16- month high struck in the previous session, after Indonesia's nickel miners association said it had urged the government not to bring forward a ban on mineral ore exports. Shanghai nickel, meanwhile, struck a record high overnight and was up more 5% in Thursday's daytime session.

  • Players experience Sandbox VR's immersive virtual reality game.

    When Steve Zhao was looking for investment for his virtual reality gaming business, he got tactical.

  • SINGAPORE/ JAKARTA, July 11- When Resti Novita Sari booked to fly from Jakarta to her hometown of Padang to visit family for the Eid holiday, airfares were 40% to 60% higher than she had paid in previous years. Soaring domestic ticket prices in the world's fifth-biggest domestic aviation market, now a duopoly, led the government in May to order Garuda Indonesia and...

  • Police fired tear gas during a clash with protesters in Jakarta, Indonesia on Wednesday 22 May 2019.

    The General Election Commission confirmed unofficial counts by private pollsters in the April 17 election, which gave President Joko Widodo a 55.5% share of votes

  • SYDNEY- Reserve Bank of Australia issues statement on monetary policy- 0130 GMT. WARSAW- National Bank of Poland holds monetary policy council meeting. BUDAPEST- Hungarian Central Bank to publish the minutes of its April 2019 rate-setting meeting- 1200 GMT.

  • WEDNESDAY, MAY 8 BANGKOK- Bank of Thailand monetary policy committee meeting. ZAGREB- Croatia National Bank holds monetary policy meeting. MANILA- Philippines Central Bank holds monetary policy meeting.

  • The rail project, part of Beijing's Belt and Road Initiative to connect China with Asia, Europe and beyond was described last month by China's ambassador to Indonesia, Xiao Qian, as "the first high-speed rail of Southeast Asia". After nearly three years of delays over land ownership disputes, construction on the rail line, which is financed principally by a $4.5...

  • A bird's eye view of commercial and residential buildings stand as seen from a skyscraper during construction development in Central Jakarta.

    Indonesia, the world's fourth most populous country, is planning to move its capital away from Jakarta, which is suffering from severe congestion and also rapidly sinking.

  • ANKARA- Central Bank of the Republic of Turkey publishes its Inflation Report ANKARA- Central Bank of the Republic of Turkey publishes summary of its monetary policy committee meeting. BUDAPEST- Hungarian central bank holds its rate-setting meeting- 1200 GMT. WEDNESDAY, MAY 1 SYDNEY- Presentation by Melissa Hope, head of Note Issue Department at Reserve Bank of...

  • Bandung, West Java, Indonesia

    Indonesian President Joko Widodo has decided to move the capital of Southeast Asia's largest economy away from the crowded main island of Java, the planning minister said on Monday.

  • MONDAY, APRIL 29 MANILA- Philippines central bank Governor Benjamin Diokno delivers keynote address at a general members meeting of the Financial Executives Institute of the Philippines- 0400 GMT. ANKARA- Central Bank of the Republic of Turkey publishes its Inflation Report ANKARA- Central Bank of the Republic of Turkey publishes summary of its monetary...

  • MONDAY, APRIL 29 MANILA- Philippines central bank Governor Benjamin Diokno delivers keynote address at a general members meeting of the Financial Executives Institute of the Philippines- 0400 GMT. ANKARA- Central Bank of the Republic of Turkey publishes its Inflation Report ANKARA- Central Bank of the Republic of Turkey publishes summary of its monetary...

  • **MANILA- Asian Development Bank President Takehiko Tadao talks to the Foreign Correspondents Association of the Philippines on the bank's priorities for 2019 and economic outlook for Asia. MANILA- Asian Development Bank President Takehiko Tadao talks to the Foreign Correspondents Association of the Philippines on the bank's priorities for 2019 and...

  • *Jakarta shares surge to near 14- month high, then cool. Early in the day, Jakarta shares were up as much as 2.4 percent to their highest level since February 2018. In Jakarta, the rupiah ended the day 0.3 percent stronger at 14,040 to the dollar, its firmest closing in seven weeks.

  • Indonesia's President Joko Widodo speaks at a press conference after a quick count result during the Indonesian elections in Jakarta, Indonesia on April 17, 2019.

    "Quick counts" tallied by private pollsters based on samples of actual votes showed that Indonesia's incumbent President Joko Widodo is set to beat former army general Prabowo Subianto.

  • JAKARTA, April 18- The prospect of another five years in office for President Joko Widodo cheered Indonesia's financial markets on Thursday after unofficial election results indicated a comfortable win for the incumbent. In 2014, Prabowo had also claimed victory on election day, before contesting the results at the Constitutional Court, which confirmed...

  • **SEOUL- Bank of Korea's monetary policy board meets 0100 GMT. BUDAPEST- Hungarian Central Bank Deputy Governor Ferenc Gerhardt's six-year term in the nine-member Monetary Council expires. THURSDAY, APRIL 25 MANILA- Asian Development Bank President Takehiko Tadao talks to the Foreign Correspondents Association of the Philippines on the bank's priorities...