2:49 pm October 30, 2014 | No Comment
Federal Reserve officials dismissed recent turmoil in global financial markets, and focused instead on “solid” employment gains that will keep them on a path toward an interest-rate increase next year. A majority of US policy makers at their meeting on Wednesday also set aside concerns, both among their own members and in financial markets, about […]
2:23 pm October 30, 2014 | No Comment
AirAsia Chief Executive Officer Tony Fernandes said he made a mistake by trying to run a Formula One team at the same time as Asia’s largest budget airline. Caterham, the Leafield, England-based team, filed for protection from creditors last week after a proposed sale to Swiss company Engavest SA stalled. Fernandes began managing the team […]
10:29 am October 30, 2014 | No Comment
In his mission to raise revenue available for investing in roads, rail and ports in Southeast Asia’s largest economy, President Joko Widodo’s administration is planning to expand the ranks of tax collectors. Finance Minister Bambang Brodjonegoro, who took office Oct. 27, said in an interview on Wednesday that the campaign will target both companies and individuals.
10:17 am October 30, 2014 | No Comment
Indonesia’s top fund managers have boosted cash holdings to the highest levels in three months amid concern President Joko Widodo will fail to push through policies to revive growth in Southeast Asia’s largest economy.
10:06 am October 30, 2014 | No Comment
China must not use its “great force” to create regional instability, Indonesian military chief Gen. Moeldoko said, as his nation seeks to avoid being drawn into China’s territorial disputes in the South China Sea.
12:12 pm October 29, 2014 | No Comment
China may face a shortage of bauxite should Indonesia’s ban on ore exports last into next year, according to Melbourne-based Alumina, highlighting risks to raw-material supplies for the world’s largest aluminum industry.
9:00 am October 29, 2014 | No Comment
Malaysia said the high-speed rail link between Kuala Lumpur and Singapore may miss a 2020 deadline even after using government land as much as possible to avoid property-acquisition disputes.