Edition:
India

Fransiska Nangoy

Indonesia returns to trade deficit in April as imports, exports plummet

15 May 2020

JAKARTA Indonesia's imports in April shrank at the fastest pace in nearly five years, underlining weak domestic demand and as its export markets were disrupted by the coronavirus pandemic, trade data showed on Friday.

UPDATE 2-Indonesia considering raising fiscal deficit above 3% to fight virus

24 Mar 2020

JAKARTA, March 24 Indonesia is discussing raising the limit on the country's fiscal deficit as a proportion of GDP above an existing 3% legal limit to aid the fight against coronavirus and to shield the economy, its deputy finance minister said on Tuesday.

South Korea triggers crisis fund as surging dollar slugs emerging markets

19 Mar 2020

SEOUL/JAKARTA South Korea prepared crisis funds to put a floor under crashing bond and stock markets on Thursday as the coronavirus pandemic led to heavy sales of riskier assets worldwide and a scramble in emerging markets for the safety of U.S. dollars.

UPDATE 1-Indonesia stock exchange tightens circuit breakers for major index falls

11 Mar 2020

* Analysts say coronavirus response key for market (Recasts and updates throughout with more detail, analyst comment, context and background.)

UPDATE 2-Indonesia's low-lying capital flooded for second time this year

25 Feb 2020

* Extreme weather rising in frequency, intensity - weather agency (Adds weather agency comment)

Miners welcome Indonesia's new jobs bill that could spur coal growth

18 Feb 2020

JAKARTA Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection.

Indonesia aims for state firm to handle upstream oil and gas business

13 Feb 2020

JAKARTA Indonesia plans to set up or designate a state firm to carry out upstream oil and gas activities, to try to curb red tape and regulations that are blamed for hindering investment in Southeast Asia's biggest economy.

Mining-reliant Indonesia targets red tape with new law

13 Feb 2020

JAKARTA Indonesia will take control of new mining permit issuance under a proposed new law which is part of government efforts to boost investment by removing red tape and reducing regulations.

Indonesia central bank intervenes to steady rupiah as virus fear unnerves markets

03 Feb 2020

JAKARTA Bank Indonesia intervened in spot foreign currency trading as well as domestic non-deliverable forward and bond markets on Monday to stabilize the rupiah, an official said, as the currency fell 0.5% to the weakest since mid-January.

Indonesia's Bumi eyes $1 billion-plus coal gasification plant amid debt settlement

22 Jan 2020

JAKARTA Indonesia's PT Bumi Resources is looking into building a coal gasification plant potentially worth more than $1 billion, a director said on Wednesday, noting such a move would support Indonesian plans to reduce its reliance on energy imports.

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