Indonesia sees FDI worth $47 billion in 2023 – investment ministry
JAKARTA (Reuters) – Indonesia recorded a total of 744 trillion rupiah ($47.34 billion) of foreign direct investment last year, up 13.7% on an annual basis, the investment ministry said on Wednesday. However,…
Indonesia to lift palm oil export ban from Monday -president
JAKARTA – Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday. The decision to…
Militant suspects held in Indonesia pledged Islamic State loyalty – police
JAKARTA – Members of a cohort of suspected extremists arrested in Indonesia at the weekend had made pledges of loyalty to Islamic State via an instant messaging application, the national police said…
Indonesia seizes cooking oil shipment bound for East Timor
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 seeks to enforce a ban on exports…
Indonesia airline Garuda proposes another debt restructuring extension
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 CEO said, as the verification of claims…
Germany to invite India, Indonesia, Senegal, S Africa to G7 summit
BERLIN – Senegal, South Africa, India and Indonesia will be invited as guest countries to attend the G7 summit hosted by Germany in June , a German government spokesperson said on Monday.…
Indonesia export ban traps 290,000 T of palm oil shipments for India -trade
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 to India at ports and oil mills…
Malaysia urges countries to prioritise food over fuel as Indonesia bans palm exports
By Mei Mei Chu KUALA LUMPUR – Countries should pause or slow use of edible oil as biofuel to ensure adequate supply for use in food, a state-backed Malaysian palm oil group…
Soyoil surges to record high as Indonesia bans palm oil exports
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 concerns about already depleted global supplies of…
Indonesia central bank may hike RRR again if inflation rises-deputy gov
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 rates will be its last resort, its…
Indonesia expects fiscal pressure from high global fuel, food prices
JAKARTA – High global commodity prices have helped Indonesia book a strong fiscal position, but its budget will face pressure from inflationary shocks in coming months as the government keeps fuel prices…
ADB to help Indonesia raise funding for new $32 billion capital city
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 and social impacts, the Manila-based lender said…
Indonesia hikes palm oil export levy to maximum $375 per tonne
By Bernadette Christina JAKARTA – Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday, part of efforts to control domestic cooking oil prices after…
Garuda Indonesia negotiating terms of Airbus, Boeing orders
JAKARTA – Flag carrier Garuda Indonesia is negotiating the terms its aircraft deals with manufacturers Airbus SE and Boeing, with cancellation of the orders among the options, its chief executive officer told…
Pressure on Bank Indonesia to raise rates, but will not until Q3’22- Reuters Poll
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 as the Federal Reserve gears up to…
Indonesia, Singapore sign extradition, airspace and defence agreements
By Stanley Widianto JAKARTA – Indonesia and Singapore signed on Tuesday a bilateral extradition agreement, a move that Jakarta expects to help authorities in their effort to bring to justice people accused…
7.3 Magnitude Earthquake Hits Indonesia, Prompting Tsunami Alert
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 struck 74 miles north of the Indonesian…
Chicago Woman Arrested on Federal Charges for Allegedly Conspiring To Murder Her Mother in Indonesia
CHICAGO — A Chicago woman was arrested today on federal charges for allegedly conspiring with her boyfriend to murder her mother at an Indonesian resort in 2014. An indictment returned in 2017…
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 built. (Dec. 11) Subscribe for more Breaking…
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