Indonesia plans measures to keep inflation low, protect purchasing power

Indonesia extends validity of mining production plans to three years

JAKARTA, Oct 23 (Reuters) – Indonesia is preparing policy packages aimed at keeping inflation low, protecting people’s purchasing power and supporting economic growth, its finance minister said on Monday. Regulators will also conduct stress tests for the financial sector to ensure the sector remains healthy at a time of high market volatility, Sri Mulyani Indrawati … Read more

Indonesian court jails CEO, three others, over deadly cough syrup

A cough medication is poured in this picture illustration taken October 19, 2022. REUTERS/Ajeng Dinar Ulfiana/Illustration/File Photo Acquire Licensing Rights JAKARTA, Nov 1 (Reuters) – An Indonesian court sentenced to jail on Wednesday the chief executive and three other officials of a company whose cough syrup has been linked to the death of more than … Read more

Malaysia’s Bumi Armada inks deal for LNG development in Indonesia

Sept 13 (Reuters) – Malaysia’s Bumi Armada (BUAB.KL) on Wednesday said it has signed a deal with a subsidiary of Indonesian energy company Pertamina and natural gas trading company PT Davenergy Mulia Perkasa for development and commercialization of liquefied natural gas (LNG). Under the deal, the companies will record key principles to develop and commercialize … Read more

Indonesia extends validity of mining production plans to three years

JAKARTA, Sept 21 (Reuters) – Indonesia will allow mining production plans to stay valid for three years with immediate effect, according to rules made public on Thursday, as it looks to beef up efficiency in quota approvals. The move comes as nickel smelter operators, battling surging ore prices, had to import nickel ore from the … Read more

Indonesia spoils TikTok’s Southeast Asia party

Sandy Saputra, 19, who is one of TikTok’s biggest Indonesian stars, uses his smartphone to record a video using the app in Jakarta, Indonesia, July 24, 2020. Picture taken July 24, 2020. REUTERS/Willy Kurniawan – RC2PMI9KGQ5Q Acquire Licensing Rights SINGAPORE, Sept 28 (Reuters Breakingviews) – June must now feel like an alternate reality to TikTok … Read more

Two Indonesian match officials jailed over deadly soccer stampede

SURABAYA, Indonesia, March 9 (Reuters) – An Indonesian court handed prison sentences to two soccer match officials on Thursday after finding them guilty of negligence over one of the world’s deadliest stadium stampedes. The October 2022 derby match in Malang, East Java, between Arema FC and Persebaya Surabaya ended in chaos with 135 spectators killed, … Read more

Indonesia govt to create a mechanism for rollout of B35 biodiesel policy

JAKARTA, Dec 6 (Reuters) – Indonesia’s president has asked the government to create a mechanism next year to ensure the rollout of B35 biodiesel, a senior minister said on Tuesday. B35 is a fuel containing a 35% mix of palm oil-based fuel. Indonesia, the world’s top palm oil producer, currently has a mandatory 30% mix … Read more

TPG in talks to buy $300 mln Malaysian education assets from KV Asia -sources

SINGAPORE, Feb 16 (Reuters) – U.S. private equity firm TPG is in advanced talks to buy Malaysian private education assets owned by regional buyout firm KV Asia Capital in a deal that could be worth more than $300 million, three sources with knowledge of the matter told Reuters. An agreement could be struck as early … Read more

FIFA, Indonesian football body form taskforce after fatal stampede

JAKARTA, Oct 13 (Reuters) – The Indonesian Football Association (PSSI) and world soccer governing body FIFA will form a joint taskforce in a bid to improve crowd control and safety measures after a deadly soccer stampede earlier this month, officials said on Thursday. Indonesian authorities are under pressure to take swift steps to overhaul soccer … Read more