• Indonesia’s highest body supports removal of clove cigarettes from cultural bill

    The People’s Consultative Assembly (MPR)'s deputy speaker has supported the removal of articles acknowledging kretek (clove cigarettes) as Indonesia’s cultural heritage from a culture draft bill by the House of Representatives (DPR).

  • Bank of China ordered to release counterfeiters' records

    A New York judge has ordered the Bank of China to hand over detailed information about Chinese bank accounts used by a counterfeiting ring that allegedly sold millions of dollars of fake Gucci handbags and wallets in the U.S.

  • IMF downgrades forecast for world, emerging market economies

    The International Monetary Fund is downgrading its forecast for global economic growth and says falling commodity prices and jumpy financial markets have raised global risks.

  • Study cites cybercrime's rising costs to corporations

    Cybercrime costs are climbing for companies both in the US and overseas amid a slew of high-profile breaches, according to research released Tuesday.

  • Soekarno-Hatta airport named Asia's largest megahub

    The Soekarno-Hatta International Airport (CGK) in Jakarta has been named the largest megahub in Asia, ranked the 17th most-connected airport in the world, just ahead of Haneda International Airport in Tokyo, Sydney Airport and Chhatrapati Shivaji International Airport in Mumbai.

  • Trade agreement could cause rift in political camps

    An ambitious trade pact involving the United States and 11 other nations is a major victory for President Barack Obama but has the potential to create a rift among Democrats and cause friction with a key base of their political support, the nation's labor unions.

  • MNC Land partners with Korean developer for Lido Resort

    Publicly listed developer MNC Land announced on Monday that the company would team up with South Korean property giant, Korea Land and Housing (Korea LH), to develop a township near its luxurious Lido Resort in West Java.

  • Golden Agri loses suppliers after IPOP implementation

    Singapore-listed Golden Agri Resources (GAR) has said that it lost hundreds of thousands of tons of fresh fruit bunch (FFB) supplies as it suspended partnerships with several supplier companies due to the implementation of GAR’s non-deforestation policy.

  • Ministry requests more cash for SOEs in 2016

    The State-Owned Enterprises ministry has asked for an additional Rp 3 trillion (US$207 million) in state capital injections (PMN) in 2016 to fund the operations of five more state-owned enterprises (SOEs).

  • JCI jumps 3% amid recovery signs in global markets

    Share prices rebounded on the local stock market Monday as many foreign investors began to reenter the market amid signs of recovery in the global stock market.

  • Government to amend more contracts of work this month

    The Energy and Mineral Resources Ministry is finalizing the amendment process of a number of contracts of work (CoWs), particularly those relating to coal mining, as required by the existing mining law.

  • BKPM expects to launch three-hour permit service in November

    The Investment Coordinating Board (BKPM) expects to begin its three-hour permit service in November to cater for capital-and labor-intensive investments following the recently launched second economic package aimed at cutting red tape and boosting investment.

  • Govt, Pertamina discuss possible price cut

    The government on Monday discussed a possible fuel price cut with state-owned oil and gas firm Pertamina, which distributes fuel, ahead of a plan to announce a third economic policy package on Thursday.

  • Correction

    In the article titled “E-commerce helps courier business thrive”, which appeared on page 13 of the Sept. 14 edition of this newspaper, the name of the director of PT Birotika Semesta should have been given as Rocky Pesik, rather than Andy Pesik.

  • Scope for subsidized microbusiness loans to be expand

    The government is revising its subsidized microloan program by expanding sectors under coverage to widen the scope of the program, as less than a quarter of its target has been achieved.

  • Govt launches investment program monitoring labor-intensive sector

    President Joko “Jokowi” Widodo on Monday launched an investment program that will monitor 16 companies in the labor-intensive industry, in an effort to increase employment and boost optimism amid sluggish domestic economic growth.

  • No lift on log export ban: Ministry

    The Trade Ministry is currently revising a number of import and export policies to regain investors' trust, but the ban on the export of logs will remain in place.

  • Air France executive 'almost lynched' as jobs dispute turns violent

    Air France-KLM's human resources manager was "almost lynched" Monday by striking workers, who stripped him of his shirt in a protest over the ailing airline's plan to cut 2,900 jobs.

  • JCI skyrockets 3% at Monday’s close

    The Jakarta Composite Index (JCI) rose by 3.23 percent to 4,343.7 at Monday's close, after foreign investors sought Indonesia’s equities following a decrease in US manufacturing jobs in September.

  • Banks set up strategy to counter declining transactions

    Banks are seeking ways to maintain their revenue growth this year as the country’s sluggish economy has curbed transactions in various banking channels.