http://www.thejakartaglobe.com Latest articles covering all the recent business affairs in Indonesia and beyond. en-us Fri, 10 Feb 2012 12:02:46 +0700 Fri, 10 Feb 2012 12:02:46 +0700 http://www.thejakartaglobe.com/images/jakarta-globe.gif http://www.thejakartaglobe.com http://www.thejakartaglobe.com/business/moodys-economists-warn-of-risk-in-faster-inflation-in-indonesia/497035 While the central bank, Bank Indonesia, unexpectedly loosened its monetary policy on Thursday, rating agencies and economists warned of potential risks from a possible acceleration in inflation later this year. Thu, 09 Feb 2012 22:07:39 GMT http://www.thejakartaglobe.com/business/moodys-economists-warn-of-risk-in-faster-inflation-in-indonesia/497035 http://www.thejakartaglobe.com/business/a-slowing-china-india-will-affect-region/497116 Singapore. A lower than expected growth forecast for India, coupled with a slowing Chinese economy, has increased the likelihood of a tepid first half of the year for Singapore and other Asian countries. Fri, 10 Feb 2012 10:08:43 GMT http://www.thejakartaglobe.com/business/a-slowing-china-india-will-affect-region/497116 http://www.thejakartaglobe.com/business/keen-to-prop-up-economic-growth-bank-indonesia-cuts-rate/497060 Indonesia’s central bank further loosened its monetary policy on Thursday, surprising investors and signaling that it favors growth over efforts to contain inflation. Fri, 10 Feb 2012 00:11:59 GMT http://www.thejakartaglobe.com/business/keen-to-prop-up-economic-growth-bank-indonesia-cuts-rate/497060 http://www.thejakartaglobe.com/business/whats-a-foreign-oil-gas-executive-worth-well-/497029 Finance Minister Agus Martowardojo is capping the annual remuneration for foreign executives as part of the ministry’s oil and gas sector cost-recovery scheme based on their nationality, and amounts vary widely. Thu, 09 Feb 2012 21:40:10 GMT http://www.thejakartaglobe.com/business/whats-a-foreign-oil-gas-executive-worth-well-/497029 http://www.thejakartaglobe.com/business/toyota-to-invest-534m-for-new-indonesia-plant/496721 Toyota Motor, Japan’s biggest automaker, said that it would spend 41.3 billion yen ($534 million) to build a second plant in Indonesia to meet growing demand in Southeast Asia’s largest economy. Wed, 08 Feb 2012 22:40:25 GMT http://www.thejakartaglobe.com/business/toyota-to-invest-534m-for-new-indonesia-plant/496721 http://www.thejakartaglobe.com/business/hyundai-aims-for-a-bigger-presence-in-indonesia/496716 Hyundai isn’t a big player in Indonesia’s automotive sector. Not yet, anyway. Jongkie D. Sugiarto, president director of Hyundai Mobil Indonesia, the sole distributor of cars for Hyundai Motor here, described Hyundai as “a brand in waiting” and a “sleeping tiger.” Wed, 08 Feb 2012 22:19:36 GMT http://www.thejakartaglobe.com/business/hyundai-aims-for-a-bigger-presence-in-indonesia/496716 http://www.thejakartaglobe.com/business/indosat-raises-519m-in-tower-sale/496707 Indosat, the country’s second-largest mobile phone operator, has sold 2,500 cellular phone towers to a mobile-phone infrastructure provider for $519 million in a bid to pay off its debt and focus on its core business. Wed, 08 Feb 2012 21:51:04 GMT http://www.thejakartaglobe.com/business/indosat-raises-519m-in-tower-sale/496707 http://www.thejakartaglobe.com/business/economists-expect-bank-indonesia-to-maintain-6-rate/496701 The central bank will likely keep its benchmark interest rate unchanged on Thursday amid a bleak outlook stemming from the euro zone debt crisis and a weakening global economy, even as Indonesia’s inflation rate slows. Wed, 08 Feb 2012 21:26:19 GMT http://www.thejakartaglobe.com/business/economists-expect-bank-indonesia-to-maintain-6-rate/496701 http://www.thejakartaglobe.com/business/bukopin-sets-sights-on-rp-2t-in-bond-sales/496688 Bank Bukopin, a midsize lender, has set the coupon on its planned Rp 1 trillion ($113 million) of bond sales at 9.25 to 10.25 percent, its president director said on Wednesday. Wed, 08 Feb 2012 21:31:24 GMT http://www.thejakartaglobe.com/business/bukopin-sets-sights-on-rp-2t-in-bond-sales/496688 http://www.thejakartaglobe.com/business/china-might-cut-iron-ore-purchases-from-iran/496677 China is likely to reduce the amount of iron ore it buys from Iran from March due to concerns that sanctions may disrupt exports valued at more than $2 billion a year to the world’s largest consumer of the raw material, traders said on Wednesday. Wed, 08 Feb 2012 20:41:59 GMT http://www.thejakartaglobe.com/business/china-might-cut-iron-ore-purchases-from-iran/496677 http://www.thejakartaglobe.com/business/malaysia-halting-palm-oil-sales-to-iran-traders-say/496670 Kuala Lumpur. Malaysian palm oil exporters have stopped supplying most of the 30,000 metric tons of the food staple Iran used to buy each month from the Southeast Asian producer as fresh Western financial curbs on Tehran stymie payment procedures, two trading sources said. Wed, 08 Feb 2012 20:39:11 GMT http://www.thejakartaglobe.com/business/malaysia-halting-palm-oil-sales-to-iran-traders-say/496670 http://www.thejakartaglobe.com/business/all-airbus-a380-jets-to-be-checked-for-wing-cracks-easa/496668 The European Aviation Safety Agency ordered Wednesday that all Airbus A380 superjumbo planes be checked for wing cracks, even as the aircraft manufacturer insisted there was nothing to worry about. Wed, 08 Feb 2012 20:10:04 GMT http://www.thejakartaglobe.com/business/all-airbus-a380-jets-to-be-checked-for-wing-cracks-easa/496668 http://www.thejakartaglobe.com/business/jci-halts-three-day-slide-on-optimism-for-greek-deal/496669 Indonesian stocks gained on Wednesday, following advances across the Asia-Pacific region on optimism that Greece would work out a plan with creditors to reduce its debt burden. Wed, 08 Feb 2012 20:25:07 GMT http://www.thejakartaglobe.com/business/jci-halts-three-day-slide-on-optimism-for-greek-deal/496669 http://www.thejakartaglobe.com/business/indonesia-hopes-to-boost-cpo-exports-to-pakistan/496638 Indonesia, the world’s largest crude palm oil producer, hopes it will boost its annual exports of palm oil to Pakistan to over $550 billion in the coming years after both nations signed a preferential trade agreement last week. Wed, 08 Feb 2012 17:51:00 GMT http://www.thejakartaglobe.com/business/indonesia-hopes-to-boost-cpo-exports-to-pakistan/496638