Indonesias

JAKARTA : New rules requiring Indonesian natural resource exporters to keep some of their proceeds onshore could add up to $9 billion per month to the foreign exchange supply and strengthen the rupiah exchange rate, senior officials…

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Published By: Niranjana VBLast Updated: July 14, 2023, 14:28 ISTExternal Affairs Minister S Jaishankar. (File image/ANI).He also addressed the 13th East Asia Summit (EAS) Foreign Ministers Meeting and called for a free, open, inclusive,…

JAKARTA : Indonesia's state energy company Pertamina reached a $3.1 billion financing deal with a number of export credit agencies and commercial banks to fund the upgrade of its Balikpapan refinery, the company said on Saturday. The…

SINGAPORE/JAKARTA : Indonesia's Bank Central Asia (BCA), Southeast Asia's biggest bank by market value, is considering strategic options for its life insurance unit including a potential stake sale, according to two sources with…

Elon Musk's SpaceX has successfully deployed Indonesia's new communications satellite into orbit, the company said on Monday.The SATRIA-1 telecommunications satellite lifted off on a Falcon 9 rocket at 6:21 p.m. EDT (3:51 a.m. IST) from…

JAKARTA : Economists surveyed in a Reuters poll expect Indonesia's May trade surplus to shrink from the previous month, following a decline in exports because of weakening commodity prices.The median expectation of the 19 economists was…

JAKARTA/SINGAPORE : Indonesian palm oil producer PalmCo plans an initial public offering in Jakarta in the fourth quarter which could raise about $500 million, two sources familiar with the matter said.PalmCo is a unit of state…

JAKARTA : Indonesia will make some exporters retain part of their export earnings onshore for at least three months starting next month in a regulation draft awaiting President Joko Widodo's approval, the country's chief economic…

JAKARTA : Indonesia's transport ministry and three consultants have pushed back on a China-funded consortium's plan to start full commercial operations of the country's $7.3 billion first high-speed train service in August, an internal…