Latest Jakarta News
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IFC OJK ink corporate governance road map
The International Finance Corporation (IFC), a member of the World Bank Group, and the Financial Services Authority (OJK) signed an agreement to improve corporate governance standards in Indonesia.Under the agreement, signed on Tuesday, the IFC will advise and support the OJK to develop a corporate governance road map to identify gaps and challenges in Indonesia's regulatory framework. It ...
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Australian Patrick Alexander held in Indonesia on embezzlement allegations despite ruling his detention is illegal
Indonesia An Australian businessman and former senior diplomat is being held in Indonesia after a business deal turned sour, despite a court ruling that his ongoing detention is illegal.Patrick Alexander, a private equity investor and former second secretary at the Australian Embassy in Jakarta, is tonight under police guard at a Jakarta prosecutor's office.Mr Alexander - who has been ...
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Fitch No Rating Impact on Pertamina from Indonesias Fuel Price Rises
Fitch: Spanish Floor Clause Ruling May Reduce Excess Spread A recent Spanish Supreme Court ruling could cause lenders to stop applying floor clauses that set minimum interest rates in mortgage contracts, and so reduce excess spread in Spanish RMBS transactions, Fitch Ratings says. The presence of interest rate floors in mortgage contracts has bolstered excess spread during the recent period of ...
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RPT-Fitch No rating impact on Pertamina from Indonesias fuel price rises
Tue Jun 18, 2013 5:50am EDT (Repeat for additional subscribers) June 18 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings said that the proposed fuel price increases in Indonesia will not impact PT Pertamina (Persero)'s (Pertamina; BBB-/Stable) public service obligation (PSO) or its linkages with the state, which drive its ratings. Also, the proposed price ...
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Indonesia plans to announce oil price hike this week official
The Indonesian government plans to announce oil prices hike this week after the parliament gave an approval on the state budget revision on Monday, a minister said here on Tuesday, allowing the country to allocate more funds for infrastructure.After their vote, the lawmakers finally agreed to reduce the amount of fuel subsidy and amount of compensation to counter the impact of the hike, Energy ...
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Indonesia sells 2.65 trln rph from debt auction far below target
JAKARTA, June 18 | Tue Jun 18, 2013 4:29am EDT JAKARTA, June 18 (Reuters) - Indonesia's finance ministry raised 2.65 trillion rupiah at a debt auction on Tuesday, below an indicative target of 8 trillion rupiah, the debt office said. It sold 400 billion rupiah in one-year T-bills, 700 billion rupiah in 10-year bonds and 1.55 trillion rupiah in 20-year bonds. Total incoming bids were ...
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Indonesia presses on with fuel hike despite popular anger
A student hurls a bamboo stick as police spray a water cannon during a protest against the fuel price hike, outside the parliament in Jakarta, on June 17, 2013. Indonesia defied popular anger on Tuesday by pressing ahead with its first fuel price hike since 2008, a day after police fought running battles with thousands outside ...
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BLSM won’t influence political choices VP
Vice President Boediono said he was sure that the temporary direct cash assistance (BLSM) would not be able to influence the political choices of people who benefited from the assistance."So, if there are people who still worry about the assistance, they may need to think again about that Rp 150,000 (US$15.2) monthly cash aid for four months; it actually means nothing for our ...
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Indonesia may decide this week on Freeport mine resumption - minister
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Jakarta Fair 2013 woos visitors with concerts and bonuses
The Jakarta Fair's main stage in Kemayoran, Central Jakarta, was empty at 6 p.m., on Thursday last week, but 16-year-old Ari and Dede were already sitting patiently near the area. "We came here to see Slank perform," Dede told The Jakarta Post Travel. The Jakarta-based band was not scheduled to perform until 9 p.m., but the keen young couple had been at the Jakarta Fair Ground ...
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Trans7 asks police to account for violence against journalist
Trans7 coordinator of regional news coverage, Pasaoran Simanjuntak, said the Jambi Police should thoroughly investigate the violence against its video journalist, Antonius Nugroho Kusumawan, who was seriously injured when he was covering the fuel protests in front of the Jambi Legislative Council (DPRD) office, on Monday.The police should also account for losses in the incident, he ...
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Public transportation tariff expected to increase only by 10-20 percent
The Transportation Ministry's director general for land transportation Soeroyo Alimoeso said the tariff increase of public transportation should be set only between 10 to 20 percent if the government-proposed subsidized-fuel price hike took effect."Definitely, the fuel price hike may lead to a rise in public transportation tariff; but, the tariff is expected to increase only by 10 to ...
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Legislators want govt to increase minimum wage
House of Representatives legislators urged the government to revise the minimum labor wage after the plan on raising subsidized-fuel price had been approved.Golkar Party's Poemida Hidayatullah said as quoted by tribunnews.com that the government had to start formulating incentive schemes for businesses so that they would not bear higher production costs if the minimum wage were to be ...
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Indonesia Guangxi to expand co-op in exclusive economic zone
coo peration in building exclusive economic zones in both countries, an Indonesian minister said on Monday. The plan was unveiled at a meeting between Peng Qinghua, secretary of Guangxi Zhuang autonomous region CPC Committee, and Indonesian President Susilo Bambang Yudhoyono at the State of Palace. During the meeting, both sides agreed to set up another economic zone for cooperation in the ...
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Tempers flare during Indonesia fuel protests
Some rallies against the proposed fuel-price hike staged across Indonesia on Monday were tainted by violence. National Police spokesperson Sr. Comr. Agus Rianto said five protesters, six police and two journalists were injured in rallies in Ternate, North Maluku and Jambi. In Ternate, around 2,000 protesters clashed with local police as they tried to occupy the Baabulah Airport around 12pm ...
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Jakarta points finger at Singaporean palm oil ventures for causing smog
(29 mins ago) Smog from forest fires in Indonesia stayed at unhealthy levels in Singapore today as the two neighbors blamed each other for the seasonal problem. Singapore's Pollutant Standards Index stood at 115 as offices opened – still above the ';unhealthy’’ threshold of 100 but down from the peak reached late yesterday when the entire island was shrouded by a ...
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PKS beef case ready to go before the court
Paper Edition | Page: 4 The Corruption Eradication Commission (KPK) has wrapped up its investigation into former Prosperous Justice Party (PKS) chairman Luthfi Hasan Ishaaq and his aide Ahmad Fathanah in the beef importation affair.KPK spokesman Johan Budi said that dossiers on the two suspects were complete and had been handed to prosecutors in the case. The trial of the two could start as ...
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‘Rise in inequality harms poverty reduction’
Answer: For us, gender inequality is one of the causes of poverty in Asia. Our first focus is on women's economic leadership as well as women's political leadership. When I say women's economic leadership, I mean improving women's livelihoods while, at the same time, women should be able to bargain in the market and have better access to credit. So, we work on a range of ...
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Politicians jump on controversial ‘hijab’ ban
Paper Edition | Page: 4 The brouhaha over the National Police's ban on the hijab (headscarf) is about to get political with the House of Representatives' Commission III on human rights planning to summon National Police chief Gen. Timur Pradopo to offer clarification on the policy.Members of Commission III are expected to hold a meeting with Timur on Tuesday to discuss the ...
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RI gets FAO award for reducing hunger
Paper Edition | Page: 4 The Indonesian government received an award from the UN's Food and Agriculture Organization (FAO) presented to recognize its consistent work in reducing hunger and malnourishment towards achieving the Millenium Development Goals (MDGs).On behalf of the government, Coordinating Economic Minister Hatta Radjasa accepted the award in the Notable Result category at the ...
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Facebook users rise to 64m in Indonesia
Facebook has revealed it has 64 million users in Indonesia who actively access their accounts on a monthly basis and says this number puts the country in the social networking site's top five largest markets. It also plans to monetise this huge market by inviting small and medium-sized businesses to advertise on the popular site. "Those are our internal figures on monthly ...
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Crowds Protest as Indonesian Lawmakers Raise Fuel Prices
JAKARTA ...
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PNG PM on trade mission to Jakarta
Indonesia Papua New Guinea's Prime Minister Peter O'Neill is in Indonesia's capital, Jakarta, for talks on trade and investment between the neighbouring countries. Several deals have been struck to increase trade and business between the countries, and create the first direct flights between Jakarta and Port Moresby.The leaders say the relationship has been taken to a new ...
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Andi Anas to be locked up soon
The Corruption Eradication Commission (KPK) said on Monday that it would soon detain two graft suspects, namely former youth and sports minister Andi Mallarangeng and former Democratic Party chairman Anas Urbanigrum.KPK spokesman Johan Budi said the two individuals would soon be following in the footsteps of Deddy Kusdinar, the first suspect in the Hambalang graft case to be locked up by the ...
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Enjoy Jakarta in Kuala Lumpur
Interesting reflections from a fun concert with Jakarta Governor Pak Joko Widodo as guest of honour. I AM not really a concert-goer; in fact, I hardly ever go out at night. But last weekend, I attended a concert in Kuala Lumpur promoting Jakarta (my second home) in part because ...
Jakarta Digest
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Jakarta water issues a reflection of bad planning.
Jakarta residents have little access to fresh water from the city’s water system, a reflection of bad planning on the part of city management rather than a lack of funds.
An article posted on the Jakarta-Indonesia-Urban blog reflects a serious situation facing the capital city of the country, “Already there is more waste water generated and dispersed today than at any other time in the history of our planet: more than one out of six people lack access to safe drinking water, namely 1.1 billion people, and more than two out of six lack adequate sanitation, namely 2.6 billion people.” This is a statement on the world situation, but it hits uncomfortable close to home for many Jakartans, in fact, almost a majority of them. Read more
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