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Indonesia

China’s Aug coal imports from Russia, Indonesia soar as heatwave spurs power use

September 20, 2022
China's aug coal imports from russia, indonesia soar as heatwave spurs power use - photo licensed by shore news network.

SINGAPORE (Reuters) -China’s coal imports from Russia rose in August, exceeding last month’s level and hitting the highest in at least five years, as power …

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Indonesia to raise rates by another 25 bps in Sept, some call for 50 bps: Reuters poll

September 19, 2022September 19, 2022
Indonesia to raise rates by another 25 bps in sept, some call for 50 bps: reuters poll - photo licensed by shore news network.

By Anant Chandak BENGALURU (Reuters) – Bank Indonesia will follow a surprise August interest rate rise with another 25 basis point hike at its meeting …

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Hundreds evacuated in west Indonesia after magnitude 6.1 earthquake

September 11, 2022
Hundreds evacuated in west indonesia after magnitude 6. 1 earthquake - photo licensed by shore news network.

JAKARTA (Reuters) -About 200 people evacuated to higher ground after an earthquake of magnitude 6.1 struck islands in western Indonesia on Sunday, causing some property …

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Indonesia to extend loan relief for some pandemic-hit sectors

September 6, 2022
Indonesia to extend loan relief for some pandemic-hit sectors - photo licensed by shore news network.

JAKARTA (Reuters) – Indonesia’s financial regulator plans to extend regulations for loan forbearance for some sectors that have yet to recover from the impact of …

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Indonesia govt expects 2022 inflation at 6.6% to 6.8% after fuel price hike

September 5, 2022
Indonesia govt expects 2022 inflation at 6. 6% to 6. 8% after fuel price hike - photo licensed by shore news network.

JAKARTA (Reuters) – Indonesia’s inflation rate for 2022 is seen at a range of 6.6% to 6.8% following a 30% increase in subsidised fuel prices …

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Indonesia inflation eases in Aug, but pressure seen from fuel price hike

September 1, 2022
Indonesia inflation eases in aug, but pressure seen from fuel price hike - photo licensed by shore news network.

By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s inflation rate eased more than expected in August, official data showed on Thursday, but economists …

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Indonesia to see higher Q3 growth even with fuel price hike, minister says

August 30, 2022
Indonesia to see higher q3 growth even with fuel price hike, minister says - photo licensed by shore news network.

JAKARTA (Reuters) – Indonesia’s economic growth this quarter is expected to be higher than the 5.44% rate in Q2, even with a potential fuel price …

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Indonesia parliament approves membership of China-backed regional trade deal

August 30, 2022
Indonesia parliament approves membership of china-backed regional trade deal - photo licensed by shore news network.

JAKARTA (Reuters) – Indonesia’s parliament on Tuesday passed a law cementing the country’s membership of the China-backed Regional Comprehensive Economic Partnership (RCEP), making it the …

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Bank Indonesia to wait one more month to pull rates lever – Reuters poll

August 19, 2022
Bank indonesia to wait one more month to pull rates lever - reuters poll - photo licensed by shore news network.

By Anant Chandak BENGALURU (Reuters) – Bank Indonesia (BI) is expected to leave its policy rate unchanged at record lows on Tuesday, a small majority …

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Indonesia July trade surplus seen narrowing amid slowing global trade

August 12, 2022
Indonesia july trade surplus seen narrowing amid slowing global trade - photo licensed by shore news network.

JAKARTA – Indonesia’s trade surplus may have narrowed to $3.93 billion last month due to weakening export performance as global trade activity slows, according to …

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Indonesia FX reserves drop to $132.2 billion in July, central bank remains buoyant

August 5, 2022
Indonesia fx reserves drop to $132. 2 billion in july, central bank remains buoyant - photo licensed by shore news network.

JAKARTA -Indonesia’s foreign exchange reserves fell the most in a month since the start of the pandemic, Bank Indonesia (BI) data showed on Friday, as …

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Indonesia opens temporary access to PayPal after blocking sparks backlash

July 30, 2022
Indonesia opens temporary access to paypal after blocking sparks backlash - photo licensed by shore news network.

JAKARTA – Indonesia temporarily opened access to online payment firm PayPal to allow users to access their money, a senior official said on Sunday, after …

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China, Indonesia to enhance bilateral trade, deepen cooperation

July 26, 2022
China, indonesia to enhance bilateral trade, deepen cooperation - photo licensed by shore news network.

BEIJING – China and Indonesia will enhance the scale of bilateral trade and further expand cooperation in areas including agriculture and food security, the Chinese …

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Indonesia central bank says to ensure QE-era bond sales do not disrupt market

July 25, 2022
Indonesia central bank says to ensure qe-era bond sales do not disrupt market - photo licensed by shore news network.

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA – Indonesia’s central bank said a plan to sell billions of dollars worth of bonds bought during the …

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Indonesia seeks to crack down on “unhealthy” peer-to-peer lenders

July 22, 2022

JAKARTA – Indonesia has launched a crackdown on peer-to-peer (P2P) lenders through a new regulation and capital requirements, in a move that industry sources say …

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Vale Indonesia, China’s Huayou sign agreement with Ford for nickel plant

July 21, 2022
Vale indonesia, china's huayou sign agreement with ford for nickel plant - photo licensed by shore news network.

JAKARTA – Nickel miner Vale Indonesia, China’s Zhejiang Huayou Cobalt and U.S. car maker Ford Motor signed a non-binding memorandum of cooperation to build a …

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Indonesia central bank holds policy rate, will lift longer short-term yields

July 21, 2022
Indonesia central bank holds policy rate, will lift longer short-term yields - photo licensed by shore news network.

By Gayatri Suroyo and Fransiska Nangoy JAKARTA – Indonesia’s central bank left its policy interest rate unchanged at a record low on Thursday but said …

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Indonesia central bank gov asks frayed G20 to stay focused on goals

July 15, 2022
Indonesia central bank gov asks frayed g20 to stay focused on goals - photo licensed by shore news network.

NUSA DUA, Indonesia – Indonesia central bank governor Perry Warjiyo on Saturday urged G20 members to remain focused on goals as the finance chiefs’ meeting …

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Indonesia June trade surplus seen widening after palm oil exports resume – Reuters poll

July 13, 2022
Indonesia june trade surplus seen widening after palm oil exports resume - reuters poll - photo licensed by shore news network.

JAKARTA – Indonesia’s trade surplus likely widened to $3.52 billion last month, boosted by the lifting of a three-week palm oil export ban, according to …

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China agrees to invest $3 billion in Indonesia sovereign wealth fund

July 4, 2022

JAKARTA – China’s Silk Road Fund (SRF) has signed an agreement to invest up to 20 billion yuan ($2.99 billion) in Indonesia’s sovereign wealth fund, …

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Garuda Indonesia halves debt with restructuring, on track for profit – government

June 28, 2022
Garuda indonesia halves debt with restructuring, on track for profit - government - photo licensed by shore news network.

JAKARTA – Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for …

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Indonesia central bank stays on hold, monitoring inflation risks

June 23, 2022
Indonesia central bank stays on hold, monitoring inflation risks - photo licensed by shore news network.

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA – Indonesia’s central bank left interest rates at a record low on Thursday, saying it was monitoring risks …

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Bank Indonesia to hold rates in June but start hiking next quarter

June 21, 2022
Bank indonesia to hold rates in june but start hiking next quarter - photo licensed by shore news network.

By Arsh Tushar Mogre and Shaloo Shrivastava BENGALURU -Bank Indonesia will leave its key interest rate steady at 3.50% on Thursday but over one-quarter of …

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Indonesia looks to plug shortage of chicken supplies in Singapore

June 20, 2022
Indonesia looks to plug shortage of chicken supplies in singapore - photo licensed by shore news network.

By Chen Lin and Bernadette Christina SINGAPORE/JAKARTA – Indonesian authorities hope to reach an agreement with Singapore to start exporting chickens within weeks, officials said, …

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Indonesia to cut maximum palm oil export tax and levy to a combined $488/T – trade minister

June 7, 2022
Indonesia to cut maximum palm oil export tax and levy to a combined $488/t - trade minister - photo licensed by shore news network.

By Stefanno Sulaiman JAKARTA – Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export …

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Australia says Indonesia trip shows importance of bilateral relationship

June 4, 2022
Australia says indonesia trip shows importance of bilateral relationship - photo licensed by shore news network.

SYDNEY – Australian Prime Minister Anthony Albanese said on Sunday his trip to Indonesia just over two weeks after he was elected showed the importance …

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HSBC weighs IPO of Indonesia business – Bloomberg News

May 26, 2022
Hsbc weighs ipo of indonesia business - bloomberg news - photo licensed by shore news network.

(Reuters) – HSBC Holdings PLC is considering an initial public offering of its Indonesian business, as the bank aims to target the growing investment demand …

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Indonesia has no plan to reduce palm oil in biodiesel mix – minister

May 23, 2022
Indonesia has no plan to reduce palm oil in biodiesel mix - minister - photo licensed by shore news network.

By Divya Chowdhury DAVOS, Switzerland – Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% …

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Bank Indonesia to pull rates lever in Q3, June move possible: Reuters Poll

May 19, 2022
Bank indonesia to pull rates lever in q3, june move possible: reuters poll - photo licensed by shore news network.

By Devayani Sathyan BENGALURU – Bank Indonesia will wait a few more months to raise rates from a record low despite rising inflation and aggressive …

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Indonesia to lift palm oil export ban from Monday -president

May 19, 2022
Indonesia to lift palm oil export ban from monday -president - photo licensed by shore news network.

JAKARTA – Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko …

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Militant suspects held in Indonesia pledged Islamic State loyalty – police

May 17, 2022

JAKARTA – Members of a cohort of suspected extremists arrested in Indonesia at the weekend had made pledges of loyalty to Islamic State via an …

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Indonesia seizes cooking oil shipment bound for East Timor

May 12, 2022
Indonesia seizes cooking oil shipment bound for east timor - photo licensed by shore news network.

JAKARTA – Indonesia has impounded at least 81,000 litres of cooking oil bound for East Timor, the trade ministry said, as the Southeast Asian country …

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Indonesia airline Garuda proposes another debt restructuring extension

May 10, 2022
Indonesia airline garuda proposes another debt restructuring extension - photo licensed by shore news network.

JAKARTA – State-controlled carrier Garuda Indonesia has asked a Jakarta court to extend for the third time its deadline to complete its debt-restructuring process, its …

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Germany to invite India, Indonesia, Senegal, S Africa to G7 summit

May 2, 2022
Germany to invite india, indonesia, senegal, s africa to g7 summit - photo licensed by shore news network.

BERLIN – Senegal, South Africa, India and Indonesia will be invited as guest countries to attend the G7 summit hosted by Germany in June , …

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Indonesia export ban traps 290,000 T of palm oil shipments for India -trade

April 28, 2022
Indonesia export ban traps 290,000 t of palm oil shipments for india -trade - photo licensed by shore news network.

By Rajendra Jadhav MUMBAI – Indonesia’s wider palm oil export ban has trapped at least 290,000 tonnes of the edible oil meant to be headed …

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Malaysia urges countries to prioritise food over fuel as Indonesia bans palm exports

April 25, 2022
Malaysia urges countries to prioritise food over fuel as indonesia bans palm exports - photo licensed by shore news network.

By Mei Mei Chu KUALA LUMPUR – Countries should pause or slow use of edible oil as biofuel to ensure adequate supply for use in …

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Soyoil surges to record high as Indonesia bans palm oil exports

April 22, 2022
Soyoil surges to record high as indonesia bans palm oil exports - photo licensed by shore news network.

By Nigel Hunt LONDON -Soybean oil prices soared to a record high on Friday as Indonesia’s decision to effectively ban exports of palm oil heightened …

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Indonesia central bank may hike RRR again if inflation rises-deputy gov

April 21, 2022
Indonesia central bank may hike rrr again if inflation rises-deputy gov - photo licensed by shore news network.

JAKARTA – Indonesia’s central bank may hike its reserve requirement ratio (RRR) further if inflation starts to pick up, while the option to raise interest …

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Indonesia expects fiscal pressure from high global fuel, food prices

March 28, 2022
Indonesia expects fiscal pressure from high global fuel, food prices - photo licensed by shore news network.

JAKARTA – High global commodity prices have helped Indonesia book a strong fiscal position, but its budget will face pressure from inflationary shocks in coming …

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ADB to help Indonesia raise funding for new $32 billion capital city

March 18, 2022March 18, 2022
Adb to help indonesia raise funding for new $32 billion capital city - photo licensed by shore news network.

JAKARTA – The Asian Development Bank (ADB) will assist in Indonesia’s planned $32 billion capital city relocation by mobilising financing and assessing the project’s environmental …

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Indonesia hikes palm oil export levy to maximum $375 per tonne

March 17, 2022
Indonesia hikes palm oil export levy to maximum $375 per tonne - photo licensed by shore news network.

By Bernadette Christina JAKARTA – Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday, part of efforts …

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Garuda Indonesia negotiating terms of Airbus, Boeing orders

March 1, 2022
Garuda indonesia negotiating terms of airbus, boeing orders - photo licensed by shore news network.

JAKARTA – Flag carrier Garuda Indonesia is negotiating the terms its aircraft deals with manufacturers Airbus SE and Boeing, with cancellation of the orders among …

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Pressure on Bank Indonesia to raise rates, but will not until Q3’22- Reuters Poll

February 7, 2022February 7, 2022
Pressure on bank indonesia to raise rates, but will not until q3'22- reuters poll - photo licensed by shore news network.

By Shaloo Shrivastava BENGALURU – Indonesia’s central bank will raise rates faster than thought just a month ago as concerns mount about a weaker rupiah …

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7.3 Magnitude Earthquake Hits Indonesia, Prompting Tsunami Alert

January 26, 2022December 14, 2021
7. 3 magnitude earthquake hits indonesia, prompting tsunami alert - photo licensed by shore news network.

A 7.3 magnitude earthquake hit Indonesia early Tuesday, prompting the country to issue a tsunami warning and direct citizens away from the coasts. The earthquake …

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Chicago Woman Arrested on Federal Charges for Allegedly Conspiring To Murder Her Mother in Indonesia

November 4, 2021
Chicago woman arrested on federal charges for allegedly conspiring to murder her mother in indonesia - photo licensed by shore news network.

CHICAGO — A Chicago woman was arrested today on federal charges for allegedly conspiring with her boyfriend to murder her mother at an Indonesian resort …

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AP: Former Boeing manager urges plant investigation

June 3, 2021December 11, 2019
Ap: former boeing manager urges plant investigation

A retired Boeing production manager told the lawmakers about “alarming” conditions at Boeing’s 737 factory in Renton, Washington, where two Max planes that crashed were …

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