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Business

  • Rupiah strengthens to 11,960 per dollar at Tuesday's close

    The rupiah interbank trade rate appreciated slightly by 11 basis points to Rp 11,960 per US dollar.

  • AirAsia to connect Medan with Yogyakarta and Palembang next month

    Low-cost carrier AirAsia Indonesia will connect its hub in Medan, North Sumatra, with the country’s major destinations of Yogyakarta and Palembang, South Sumatra, next month in order to meet growing air travel demand in the archipelago.

  • Mitsubishi to construct second factory in RI next year

    Japanese automotive giant Mitsubishi Motor Corp plans to construct a new production facility in Bekasi, West Java in 2015, citing constant and strong market potential in the country.

  • JCI down 0.28% at close

    Even though shares traded on the Indonesia Stock Exchange (IDX) improved during lunchtime, the Jakarta Composite Index (JCI) closed on a negative note in Tuesday's final trading session, declining by 0.28 percent to 5,130.50.

  • RNI to construct new CPO processing factory in S. Sumatra

    State-owned agribusiness firm PT Rajawali Nusantara Indonesia (RNI) is set to construct - via its subsidiary PT Perkebunan Mitra Ogan - a new crude palm oil (CPO) factory in South Sumatra this year, with investment of Rp 100 billion (US$8.36 million), in order to increase its CPO production.

  • Govt to issue decree on new airfares this month

    The government is expected to issue a transportation ministerial decree on the revision of airfare ceilings this month. 

  • Rupiah appreciates to 11,910 per dollar Tuesday

    The rupiah interbank trade rate appreciated on Tuesday morning by 51 basis points to reach 11,910 per US dollar. 

  • Rupiah appreciates to 11,910 per dollar Tuesday

    The rupiah interbank trade rate appreciated on Tuesday morning by 51 basis points to reach 11,910 per US dollar. 


  • JCI rises 0.13% at Tuesday opening

    The Jakarta Composite Index (JCI) opened on a positive note during Tuesday'sfirst trading session, rising by 0.13 percent to reach 5,151.78.

  • Lower quota may trigger fuel shortage

    People will likely find it harder next year to find subsidized fuel as availability will decline due to the expectation of a lower quota for the much needed fuel.

  • No foreign ownership cap in new insurance law

    The House of Representatives has backed down from capping foreign ownership in local insurance firms in a new insurance bill that will be passed into law in one month.

  • Pindad, CMI develop weapons systems

    Jakarta: State-owned land-systems and weapons maker PT Pindad inked a strategic partnership on Monday to develop weapons systems for armored vehicles and tanks with Cockerill Maintenance & Ingenierie SA Defense (CMI) from Belgium.

  • BI maintains policy stance, still wary of fuel price, US rate

    Bank Indonesia (BI) is maintaining its monetary policy stance, despite accusations from several analysts that the central bank is being dovish and may be keen on cutting interest rates to spur growth.

  • Passenger charges to be imposed on airlines

    State-owned airport operators are preparing a mechanism to impose passenger service charges on airlines rather than on passengers following the issuance of a ministerial decree last week.

  • Gunnebo to expand cash-handling business in RI

    Sweden-based security service provider Gunnebo Security Group boosted its efforts to grow its cash-handling business in Indonesia after signing on Monday a Rp 20 billion (US$1.6 million) agreement with publicly listed taxi operator Express Transindo Utama (Express Group).

  • Total to spend big for offshore gas development

    President Susilo Bambang Yu-dhoyono officially launched on Monday an offshore gas project developed by Total E&P Indonesie in Kutai Kartanegara, East Kalimantan, despite uncertainty over the company’s contract extension.

  • Lippo moves Rp 3.6t asset to Singapore subsidiary

    Singapore-listed Lippo Malls Indonesia Retail Trust Ltd. (LMIR Trust), a subsidiary of Jakarta-listed developer Lippo Karawaci (LPKR), has announced a Rp 3.6 trillion (US$300.72 million) acquisition of Lippo Mall Kemang (LMK) from its sister company in a transaction that will move ownership of the assets to a Singaporean entity.

  • Customers to shift to 3-kg LPG canisters

    State-run oil and gas company PT Pertamina has predicted that about 2 percent of consumers of non-subsidized 12-kilogram liquefied petroleum gas (LPG) canisters will switch to the cheaper 3-kg LPG canisters following the former’s price increase.

  • Dahana needs $300m to build factory

    State-owned explosives maker PT Dahana needs an investment of between US$250 million and $350 million to build a propellant factory in Subang, West Java, according to a statement made on Monday by president director F. Harry Sampurno.

  • Pindad, CMI develop weapons systems

    State-owned land-systems and weapons maker PT Pindad inked a strategic partnership on Monday to develop weapons systems for armored vehicles and tanks with Cockeril Maintenance & Ingenierie SA Defense (CMI) from Belgium.