Thursday, May 23 2013, 04:30 AM

Headlines

Singapore holds key in DBS deal

The Indonesian central bank has given its approval for DBS Group Holdings Ltd. to acquire a 40 percent stake in…

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  • State revenue to dip after PTFI stops operations

    The government has instructed PT Freeport Indonesia (PTFI), a subsidiary of US mining giant Freeport McMoRan Copper and Gold, to cease all operations until an investigation into a fatal incident…

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  • New BKPM chief to be named soon

    President Susilo Bambang Yudhoyono will likely soon appoint a new head of the Investment Coordinating Board (BKPM) to replace Chatib Basri, who started as finance minister on Tuesday.

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  • Certified timber ‘still needs to be checked’

    Indonesian timber products exported to the European Union (EU) are still subject to verification checks at local custom offices even though they have been certified under the national Timber Legality…

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  • RI and PNG plan joint exploration in border areas

    Indonesia has agreed to team up with neighboring Papua New Guinea (PNG) to explore potential oil and gas reserves in border areas as the former shifts its oil and gas…

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  • PKS rejects Rp 2 trillion illegal fund accusation

    The Prosperous Justice Party’s (PKS) top brass denied on Monday an allegation that the party planned to siphon off funds from the Agriculture Ministry, the Communications and Information Technology Ministry…

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  • BKPM chief Chatib Basri named finance minister

    President Susilo Bambang Yu-dhoyono has named economist Chatib Basri, the nation’s new finance minister.

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  • Fuel subsidies taking toll

    Indecisiveness over what it needs to do with swelling fuel subsidies has forced the government to revise the state budget deficit upward, with consumers expected to have lower purchasing power.

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  • ‘I am not under pressure’: Jokowi

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    Governor Joko “Jokowi” Widodo has emphasized that the city administration will not back away from its plan to normalize Pluit Dam in North Jakarta despite problems surrounding it.

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  • More bodies evacuated from Freeport mine

    Casualties continue to mount at PT Freeport Indonesia (PTFI)’s Big Gossan training facility in Timika, Papua, as eight more bodies were evacuated between Sunday evening and Monday evening.

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  • Unsettled law revisions give oil giants hard times

    As lawmakers continue to deliberate revisions to the 2001 Oil and Gas Law, several petroleum executives claim that a lack of legal certainties has left them in the dark.

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