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Major Indonesia nickel plant cuts output as waste piles up
HPAL producers have also been contending with the higher cost of sulphur, a chemical used to produce acid A majority Chinese-owned plant…
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Indonesia
Business
Surging Chinese imports of Indonesia oil point to rebranded Iranian crude, traders say
China’s imports from Malaysia have almost halved since July from this year’s peak in March at 8.5 million tonnes China is importing…
Business
Bank Indonesia policy juggle makes rate moves harder to predict
The central bank has spurned market expectations at half of its 10 policy meetings so far this year Bank Indonesia’s (BI) balancing act…
Business
Indonesia plans 25% free-float level to deepen market, OJK says
Indonesia plans to gradually increase the minimum free-float level for listed companies as part of its effort to deepen stock market…
Business
Indonesia discussing plan for merger of Grab and GoTo: official
Indonesia is discussing a possible merger or acquisition between ride-hailing and food delivery firm Grab and its rival GoTo, the…
Business
Indonesia central bank chief sees room for another rate cut
Indonesia’s central bank governor said on Monday (Nov 3) there was still room for another interest rate cut, but the timing would depend…
Business
Eni, Petronas merge Indonesia, Malaysia assets in joint venture
The new entity, NewCo, will manage 19 assets, 14 in Indonesia and five in Malaysia Italy’s Eni and Malaysia’s state energy company…
Business
Indonesia launches 6 billion yuan dim sum bond, to be listed on SGX
The bond offers yields of 2.5% on five-year notes and 2.9% on the 10-year tranche Indonesia has launched its debut offshore…
Business
Indonesia plans debut yuan bonds as dim sum issuance hits record
The country is also seeking more funding sources as President Prabowo Subianto tries to boost economic growth Indonesia is planning its…
Business
Wilmar Indonesia unit general manager charged over sugar imports
The unlawful raw sugar imports have allegedly caused state losses amounting to 578 billion rupiah The general manager of Wilmar…
News
Indonesia president says 40 trillion rupiah lost to illegal tin mining every year
INDONESIA is losing more than US$2 billion dollars every year to illegal tin mining and smuggling, President Prabowo Subianto said Monday…
Business
Indonesia sovereign wealth fund INA to trim exposure to infrastructure
Indonesia Investment Authority, one of the country’s two sovereign wealth funds, is looking to reduce its heavy reliance on infrastructure…
Business
SGX launches Indonesia depository receipts featuring blue-chip listcos
The bourse, which currently has 26 depository receipts listed, plans to expand its offerings to include Vietnam companies next year Local…
Business
Garuda Indonesia appoints new CEO Glenny Kairupan
The airline also appoints Balagopal Kunduvara, a former executive of Singapore Airlines, as new CIO State airline Garuda Indonesia on…
Business
Indonesia considers further liquidity injection for state banks
Finance minister says government still assessing impact of 200 trillion rupiah liquidity boost for state banks Indonesia is considering…
Business
Posts falsely claim AI video shows moment Indonesian school collapsed
After part of a multi-storey Islamic boarding school in Indonesia collapsed while students gathered for afternoon prayers, an AI-generated…
Business
Indonesia mulls moving 10 trillion rupiah to regional banks to boost growth
Indonesia is considering moving up to 10 trillion rupiah (S$780 million) per lender to regional banks, its finance minister said on…
Business
Indonesia mulls moving 10 trillion rupiah per lender to regional banks to boost growth
The first two recipients could be Bank of Jakarta and East Java’s Bank Pembangunan Daerah Jawa Timur Indonesia is considering moving up to…
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Indonesia takes another step towards B50 biodiesel
The country aims to make B50 mandatory in 2026, but it was unlikely to happen in January Indonesia took another step towards launching…
News
Indonesia transfers seized assets to state tin miner as crackdown intensifies
[PANGKALPINANG, Indonesia] Indonesia’s attorney general on Monday handed over assets including smelters and heavy equipment seized in a…
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Indonesia starts construction of 92 megawatt floating solar plant
The country plans to add 42.6 gigawatts of renewable energy, almost 61% of the additional power it plans to raise, to its grid by 2034…
Business
First Resources sells Indonesia units, exits oil palm plantation business in West Papua
The units are former subsidiaries of an Indonesia-listed company under First Resources Palm oil producer First Resources has disposed of…
Business
Indonesia did not unveil new 300,000 rupiah banknote
False claims about bogus banknotes have inundated Indonesian social media for years, the latest of which shows a purported new 300,000…
Business
Indonesia central bank to use all available instruments 'boldly' to stabilise rupiah
The central bank is certain that currency stabilisation efforts will guide the rupiah to reflect fundamental value Indonesia’s central…