Business News Jakarta

  • 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...

  • JAKARTA, April 17- Joko Widodo appeared to be heading for victory in Indonesia's presidential election on Wednesday as "quick count" results from polling stations were posted, in line with opinion polls that had predicted a second five-year term for the low-key reformist. The best numbers for the president came from the Jakarta- based pollster CSIS, which put...

  • HONG KONG/ JAKARTA, April 17- Unofficial "quick counts" in Indonesia's election on Wednesday, based on data from polling stations, gave incumbent President Joko Widodo, or Jokowi, a substantial lead over ex-general Prabowo Subianto. According to a quick count by the Jakarta- based Center for Strategic and International Studies, Widodo had an 11 percentage point...

  • HONG KONG/ JAKARTA, April 17- Unofficial "quick counts" in Indonesia's election on Wednesday, based on data from some polling stations, gave incumbent President Joko Widodo, or Jokowi, a substantial lead over ex-general Prabowo Subianto. According to a quick count by the Jakarta- based Center for Strategic and International Studies, Widodo had an 11 percentage...

  • *After eight-hour vote, all polls closed at 1 p.m.. JAKARTA, April 17- Polls closed in Indonesia on Wednesday in elections for president and parliament after a campaign across the sprawling equatorial archipelago that was dominated by economic issues but also marked by the growing influence of conservative Islam. President Joko Widodo, a furniture businessman...

  • Motorists pass electoral posters in Central Java Province ahead of the presidential and legislative elections. Indonesia is set to hold simultaneous presidential and parliamentary elections on April 17.

    Economic nationalism and issues of religious identity are at the forefront of Indonesia's upcoming elections as the world's largest Muslim-majority country goes to the polls on Wednesday.

  • GRINTING, Indonesia, April 14- Two months ago, Indonesian farmer Tama harvested several tonnes of shallots from a small plot of land he had rented in the village of Grinting in central Java. Tama's shallots were transported to the capital, Jakarta, 250 kilometres to the west, on a new toll road that was part of an infrastructure drive the president led.