Death Toll Rises at Grasberg Mine

20 May, 2013

Rescuers recovered five more bodies from a collapsed underground room at a giant U.S.-owned gold and copper mine in Indonesia, bringing the confirmed death toll to 14, police said Monday. Fourteen other workers were

Shariah Banking on the Up

9 May, 2013
By ID/Gita Rossiana | Source: The Jakarta Globe

The market share of Islamic lenders in Indonesia during the first quarter of 2013 reached nearly 5 percent for the first time ever, Bank Indonesia said on Wednesday. The market share of Shariah-compliant banks

S&P Downgrades Ratings Outlook of Indonesian Debt

3 May, 2013
By Dion Bisara | Source: Jakarta Globe

Standard & Poor’s cut its ratings outlook on Indonesia’s debt to stable from positive, signaling that a stalling of reform momentum and a weaker external profile have reduced the chance of an upgrade over

Government Cuts Tax on O&G Companies

2 May, 2013
By Amahl S. Azwar | Source: Jakarta Post

In a bid to bolster oil production at a time of dwindling reserves, the government is trimming down the tax obligations of petroleum companies. Oil and gas contractors would be exempt from import duties,

Thousand Islands first malaria-free Indonesian regency

28 April, 2013
By The Jakarta Post | Source: ANN

Indonesia’s Health Ministry has officially recognised the Thousand Islands regency as the country’s first region free from malaria. “This year, the Thousand Islands regency has successfully become the first region to obtain a malaria-free certificate,” Health

Indonesia Relaxes Import Regulations Following US Complaint

26 April, 2013
| Source: Straits Times

Indonesia has eased restrictions on some agricultural imports after the United States complained to the World Trade Organisation over Jakarta’s “opaque and complex” rules, the trade ministry said. The US first raised the issue

MNCs flock to Indonesia

24 April, 2013
By Joe Cochrane | Source: The New York Times

When Marcos A. Purty arrived here in 2011 as the chief of General Motors’ Indonesian operations, he found a mothballed auto plant. Today, that plant is humming. About 700 people work in the plant,

Services Sector to Boost Indonesian Economy

22 April, 2013
By Francezka Nangoy | Source: The Jakarta Globe

Indonesia can do more to promote the services sector, which in turn can help propel growth in the nation’s economy, a government official said on Friday. Chatib Basri, chairman of Indonesia’s Investment Coordinating Board

National exams in Indonesia hanging in the balance

19 April, 2013
By Margareth S. Aritonang | Source: ANN

In spite of a pledge from Education and Culture Minister Mohammad Nuh that all materials would arrive on time for the start of the second stage of Indonesia’s national exam today, several regions are braced