11:36 am May 28, 2015 | No Comment
Norway’s $900 billion sovereign wealth fund, the world’s largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday.
11:21 am May 28, 2015 | No Comment
Indonesia is a no show at International Transport Forum 2015 Summit in Leipzig, Germany, skipping an opportunity to exchange information and experiences with other countries that would help reshape a half of global economy in the next 35 years.
4:52 pm May 27, 2015 | 2 Comments
Indonesia's finance minister said on Wednesday the government plans to raise by nearly 50 percent the income threshold at which individuals start to owe income tax, in a bid to boost purchasing power and economic growth.
3:47 pm May 27, 2015 | No Comment
The Ministry of Industry is helping the textile and footwear industries to export more of their products by providing export incentives and import facilities for input materials.
3:46 pm May 27, 2015 | No Comment
Indonesia's Investment Coordinating Board, or BKPM, has received a $640 million commitment from Japanese companies to invest in the steel, chemical, property and shipyard sectors over the next few years.
3:18 pm May 27, 2015 | No Comment
The world’s richest nations are unlikely to reach a deal to phase out subsidies for coal exports at talks in June, reducing the chances of a new global climate change agreement at a UN conference in Paris, officials and campaigners say.
1:07 pm May 27, 2015 | No Comment
Seeking to becoming more competitive, Indonesia wants to bring annual inflation lower, nearer to the rates managed by its Southeast Asian neighbors, authorities said on Wednesday.
8:34 am May 27, 2015 | No Comment
The global fund management business has grown so vast that it poses risks to financial stability and might need to be regulated more tightly, just as banks are, a top Australian central banker said on Wednesday.
8:07 am May 27, 2015 | No Comment
Mexico and Brazil will take steps this year to ease restrictions on bilateral trade and aim to double their shared commerce in less than 10 years, the leaders of Latin America’s two biggest economies said on Tuesday.
7:36 am May 27, 2015 | No Comment
China’s yuan currency is no longer undervalued after its recent gains, but the government should quicken reforms to get to having “a floating exchange rate”, the International Monetary Fund said on Tuesday.
7:01 pm May 26, 2015 | No Comment
Some of the world’s biggest investment funds urged the Group of Seven industrialized nations on Tuesday to commit to a long-term goal to cut world greenhouse gas emissions as part of a UN climate deal due to be agreed in December.
6:07 pm May 26, 2015 | No Comment
Thailand’s cabinet has approved a $12 billion railway project to be built with Japanese help, a deputy government spokesman said on Tuesday, one of several big-ticket plans the government hopes will stimulate Southeast Asia’s second largest economy.
3:44 pm May 26, 2015 | No Comment
Indonesia is prepared to contribute at least $300 million to a new Islamic infrastructure bank that the Southeast Asian nation will co-found with Turkey and a Saudi-based multilateral lender, Indonesia’s finance minister said on Tuesday.
10:33 am May 26, 2015 | No Comment
Malaysian ringgit forecasts are being raised for the first time since September as rebounding oil prices limit damage to the nation’s finances.
9:15 am May 26, 2015 | No Comment
For the first time since coming to power in 2002, Turkey's AKP is heading into an election under fire over the economy, thanks to stalling growth, stubbornly high unemployment and worrying levels of household debt.