The Dow Jones industrial average had its worst one-day drop since February, erasing its gain for the year, as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve. The slide interrupted a prolonged advance in the market which brought the Standard & Poor's 500 index to its latest record high close just one week ago.
For investors, there were few havens on Thursday.
The remarkable demolition of Brazil by Germany at this year’s World Cup soccer tournament was nothing to do with destiny or luck. Technology helped to boost the Germans’ performance.
Tanah Abang Market, one of the biggest in Southeast Asia, is quiet on Thursday. The majority of the stores will not open until Monday next week due to Idul Fitri.
The National Police have announced that 400 people have died in traffic accidents nationwide during this year’s Idul Fitri holiday from July 22 to 30.
Local residents supporting Surabaya’s Dolly area, which is deemed Southeast Asia's largest red-light district, have reported the local police to the National Commission on Human Rights (Komnas HAM) over alleged repressive actions taken against residents during a clash after Dolly’s closure on July 27.
The Communications and Information Ministry has yet to block a video on YouTube depicting Indonesian nationals encouraging others to join the militant group called the Islamic State of Iraq and Greater Syria (ISIS) because there has been no formal complaint from the public.
President Susilo Bambang Yudhoyono has strongly rejected Australia’s attempt to hide an alleged multi-national corruption case that implicates him, as suggested by whistleblower website WikiLeaks, and has asked Canberra to be transparent in the investigation.
The Prabowo Subianto-Hatta Rajasa presidential ticket’s legal team filed a report on the General Elections Commission (KPU) with the Elections Supervisory Agency (Bawaslu) for allegedly violating regulations by sending a notice to ask the regency level KPU to open ballot boxes.
A boat carrying dozens of passengers was overturned in waters near Sei Berombang, Panai Hilir district, Labuhanbatu regency in North Sumatra on Wednesday night. So far seven people were found dead and 13 others were pronounced missing, Panai Hilir district staff member Hafifuddin said on Thursday.
An unusually high number of visitors flooded the Borobudur temple compound in Magelang, Yogyakarta during the Idul Fitri holiday.
Constitutional Court chairperson Hamdan Zoelva said that the number of complaints about the court's decisions on legislative election disputes this year had decreased from the number of disputes in 2009.
The holy month of Ramadhan came to a close for most Muslims in Indonesia on Monday. As usual, the event offered familiar scenes that remained heartwarming and inspiring. As usual, for example, the pious bore torches on streets throughout the archipelago on Takbiran, the final night of Ramadhan — while children enthusiastically pounded huge drums to mark the start of Idul Fitri, or the feast that ends the fasting month.
Singer Winda Viska says that she has decided not to visit her hometown during the Lebaran holiday due to her pregnancy.
Actress Aura Kasih says she has taken on a new role as chef — cooking for her relatives during the Lebaran holiday.“Mom used to be the chef and cooked for her kids. This year, I am the one cooking,” Aura, who is famous for her hit single “Mari Bercinta” (Let’s Make Love), told tribunnews.com.
At almost US$60,000 per 100 square meters, land near Bali’s capital city, Denpasar, is up there with some of the most expensive in the province.
After a two-year slumber following a decade of record capital inflows, private equity (PE) in the Asia-Pacific region posted a surprisingly strong start in 2014. Investment value in the first quarter shot up to US$22 billion, more than double the total over the same period last year. Exit value improved in several important markets, and a number of large investors appeared poised to increase their commitments to PE firms operating in the region.
Viral hepatitis kills approximately half a million people every year in the 11 member states of WHO’s Southeast Asia region. An estimated 100 million people are currently infected with hepatitis B and another 30 million with chronic hepatitis C.
A good product doesn’t have to come from scratch; it can also be created by innovating what is already there.
Magnificently preserved, Indonesia’s rich culture and tradition are the star features at these sumptuous upscale hotels.
Hong Kong-based mining company G-Resources Group Ltd. has reported steady production of gold and silver at its Martabe mining site in North Sumatra every year since the first casting in July 2012.
Publicly listed national flag carrier Garuda Indonesia is canceling this year’s plans to open two new international routes — Jakarta–Manila and Jakarta–Mumbai — as the company suffered from increasing losses during the first half of this year, a Garuda senior executive said.
As Indonesia turns a new page with the recent conclusion of the hotly contested presidential election, anticipation is rife on how the newly elected president will approach the economy.
Major-cement producer Holcim Indonesia posted a slight dip in its first half (H1) net, which it attributed to rising costs and a slowdown in the construction and property sectors.
Domestic gas deliveries grew in the first half (H1) of the year, thanks to more consumption-supporting facilities.
Business practitioners are urging the incoming government to prioritize infrastructure programs by increasing the participation of private companies in the projects in order to drive business growth.
Hundreds of mining permits have been revoked following companies’ failure to obtain the Clean and Clear (CNC) status.
As often happens after electoral campaigns, promises and slogans prove difficult to keep, president-elect Joko “Jokowi” Widodo and his Indonesian Democratic Party of Struggle (PDI-P) will likely adopt market-friendly policies to attract foreign investment after Jokowi takes office in October.
News sites with the extension --news.com that imitate national news sites have been blocked since Wednesday.
The friendship between Morocco and Indonesia is long-standing and is entering into new areas of cooperation to further strengthen the partnership between the two countries, says a top Moroccan envoy.
For two years, Pragya Tiwari did nothing but prepare for one of India's toughest examinations to get into the top echelons of the Indian bureaucracy.
The influx of holidaymakers returning to Jakarta from their cities of origin across Java started to rise on Thursday and is projected to reach its peak on Friday or Saturday.
This Ramadan has been a particularly sad one with the MH17 tragedy, especially when it came so soon after the disappearance of MH370. Our hearts and prayers go to all those who lost their loved ones in both tragedies.
The Public Order Agency (Satpol PP) demolished hundreds of illegal buildings, belonging to street vendors who had left the city to visit their home villages for Lebaran.
Muslims all over the world celebrated Idul Fitri their own way and the poor of Jakarta were no different.
While most people have been enjoying their hometown stays in Sumatra, West, Central and East Java, some have only just joined the massive exodus three days after Idul Fitri on Wednesday.
Hundreds of thousands of Jakartans have been thronging the city’s recreational sites since Monday amid the Idul Fitri holiday.
Publicly listed PT Timah (TINS), the country’s biggest tin miner, booked a 48 percent increase in its net profits to Rp 203 billion (US$17.27 million) in the first half of 2014, as the company took cost efficiency measures on the back of higher tin prices.
Best wishes and congratulations from world leaders have been flowing in for president-elect Joko “Jokowi” Widodo, following Tuesday evening’s final election result announcement by the General Elections Commission.
Dozens of farmers thronged the Corruption Eradication Commission (KPK) headquarters in Jakarta on Monday to thank the antigraft body for the arrest of Karawang Regent Ade Swara, which they said had shed light on dirty practices carried out by land gangs in the region.
Candidate pair Prabowo Subianto and Hatta Rajasa have rejected the 2014 presidential election vote counting process and results, claiming that the process was flawed and marred by widespread fraud.
I think some politicians lack political maturity. The protests by Prabowo and his friends to the KPU showed that power is everything for them. Jokowi is the real winner, so those who claim they are statesmen should welcome the new President.
This refers to “Bill Clinton checks on post-tsunami development in Aceh” (The Jakarta Post, July 20)
I refer to an article titled “Electronics industry may soon abandon Batam,” (The Jakarta Post, July 22)
The disabled are differently abled — anonymous
Joko “Jokowi” Widodo has finally won the presidential election.
Recently, at the height of the presidential election, the public was surprised by the House of Representatives’ (DPR) decision to approve the revision of the Legislative Institutions Law (MD3). Part of the revision has sparked controversy. For example, according to the amendment made to Article 245 of the law, any summons request of a House lawmaker by, among others, the Corruption Eradication Commission (KPK) must first seek permission from the House’s ethics council. If after 30 days the council does not give written permission, the KPK may go ahead and summon the lawmaker.
The losing pair of Prabowo Subianto and Hatta Rajasa might be hoping the festive mood of Idul Fitri dies down soon as the Constitutional Court is due to begin hearing the lawsuit filed against the General Elections Commission (KPU) over the presidential election result.
Bali Governor Made Mangku Pastika has officially sent a letter to the Maritime Affairs and Fisheries Ministry saying the plan to reclaim Benoa Bay could continue provided several conditions were met.
The Center for Orangutan Protection (COP) and Animal Friends Jogja (AFJ) called on the public to avoid performances that included animals and having their picture taken with animals at zoos.
Two regencies in East Nusa Tenggara (NTT), including Labuan Bajo, capital of West Manggarai regency, are still short of general hospitals.
The Indonesian Corruption Watch (ICW) has called for an investigation into an alleged attempt by US gunmaker Smith & Wesson to bribe officials at the National Police.
Although formal steps to expedite the Golkar Party’s national congress in order to replace Aburizal Bakrie as party chairman have yet to be taken, several chairman hopefuls have begun wooing the party’s regional leadership to support the move.
The Election Organizers Ethics Council (DKPP) will summon the General Elections Commission (KPU) and the Election Supervisory Agency (Bawaslu) after Idul Fitri in response to reports filed by the legal team of Gerindra Party presidential candidate Prabowo Subianto.
JAKARTA: The Jakarta Police are currently observing seven websites that have forged popular online news outlets while distributing false information on politics.
Despite an earlier pact that president-elect Joko “Jokowi” Widodo and vice president-elect Jusuf Kalla would not offer ministerial posts to their allies in return for support in the presidential election, political parties have come up with names they would offer for the new Cabinet.
A team from the Olympic Council of Asia (OCA) is slated to visit Indonesia early in August to assess sports infrastructure in Jakarta and Palembang, South Sumatra, in advance of the 2018 Asian Games.
The ways in which people celebrate Idul Fitri are as varied as the residents of this vast archipelago.
Thousands of Idul Fitri travelers have been spending their holiday flocking to zoos and beaches across the country.
The National Commission on Human Rights (Komnas HAM) called on local officials to speak out against the continuing violence in Papua.
Whether it was due to curiosity, expectations for money, showing political gestures or simply sincere respect, thousands of people flocked to meet the outgoing President Susilo Bambang Yudhoyono during his last Idul Fitri open house at the State Palace.
Officials have rebuffed concerns that an agreement reached by the current administration with the domestic arm of US giant Freeport-McMoRan Inc. last week had established the firm’s right to operate beyond 2021 and hamstrung the incoming government’s ability to negotiate new contract terms.
President-elect Joko “Jokowi” Widodo and chair of the Indonesian Democratic Party of Struggle (PDI-P) and “king maker” Megawati Soekarnoputri were magnets for the “who’s who” of the political world during this year’s Idul Fitri open house.
Torrential rains triggered a massive landslide that buried a remote village in western India on Wednesday, killing at least 18 people as it swept away scores of houses and possibly trapping many more people under debris, officials said.
Law and order officers dismantle illegal makeshift roadside kiosks in Jatinegara, East Jakarta, Wednesday. The raid met no resistance as most of the traders were away for the holiday.
Search and rescue workers search for passengers who went missing after a ferry with 70 people on board capsized at the Kapuas River in Central Kalimantan, Wednesday. At least 12 people were found dead, six missing and 52 rescued.
General Elections Commission (KPU) officials reopen ballot boxes in Palu, Central Sulawesi, Wednesday. The ballots will be recounted after the losing presidential ticket Prabowo Subianto and Hatta Rajasa claimed fraud and challenged the July 9 election result with the Constitutional Court.
National Police spokesperson Sr. Comr. Agus Rianto said that the number of traffic accidents during this year’s Idul Fitri mudik (exodus) was fewer than last year.
The number of homeward-bound air travelers increased during this year’s Idul Fitri holiday from last year, partly due to damaged infrastructure, including the collapsed Comal Bridge in Central Java.
While residents were celebrating Idul Fitri, a flash fire ripped through a residential area in Grogol Utara, Kebayoran Lama, South Jakarta, on Wednesday.
Five people were injured when a Transjakarta bus and a Kopami Jaya minibus collided at an intersection in Gunung Sahari, Central Jakarta, on Wednesday.
The police said on Wednesday that six people had died and more than 60 were injured in road accidents in Greater Jakarta during the Idul Fitri holiday.
Officers with the West Palu Police department dispersed on Wednesday residents playing with firecrackers in Palu city, Central Sulawesi.