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BUSINESS1d agoWill diversifying fuel imports be enough to fix Indonesia’s energy shortfall?Indonesia is looking beyond Singapore for petrol supplies as it seeks to reduce its dependence on a single source, but analysts say diversifying imports will do little to address the country’s fuel production shortfall without faster refinery modernisation and investment in alternative fuels. Indonesia has long sourced petroleum products from Singapore, including RON 90 petrol, which has a minimum octane rating of 90 and is marketed domestically as Pertalite. Singapore’s geographic proximity,...South China Morning Post
BUSINESS2d agoRapide Group signs LoI to acquire Indonesian Commodities BusinessRapide Group has signed a Letter of Intent to acquire an Indonesian commodities business, signaling potential expansion in the sector.Seeking Alpha Tech
BUSINESS5d agoIndonesia defends Singapore gas cuts, cites rising domestic needs and contractual limitsIndonesia has defended its decision to cut natural gas exports to Singapore, citing domestic electricity and industrial needs and arguing that the reduction remains within contractual limits. The cuts came days after Indonesia’s energy minister warned that his country could stop exports to nations that “did not respect” it. On Monday, Energy Minister Bahlil Lahadalia defended the reduction of 31 million standard cubic feet per day in pipeline gas exports to Singapore, saying it represented about...South China Morning Post
BUSINESS6d agoSingapore tells suppliers to ‘honour commitments’ amid Indonesia’s gas cutSingapore expects all parties who have signed commercial contracts for gas supplies to “honour their commitments”, said Prime Minister Lawrence Wong on Sunday after Indonesia cut its exports. Speaking at the People’s Action Party (PAP) convention, Wong added that Singapore’s gas importer will take the necessary steps to protect its rights and interests. Indonesia began reducing natural gas exports to Singapore on Saturday. Indonesia’s upstream oil and gas regulator SKK Migas said the move was to...South China Morning Post
BUSINESSOct 24Nigeria-Indonesia investment to boost GDP, create jobs, says NICCI president, BalogunThe President of the Nigerian Indonesian Chamber of Commerce and Industry, NICCI, Ishmael Balogun, has said increased investment between Nigeria and Indonesia, particularly in oil and gas exploration, will boost Nigeria’s Gross Domestic Product, GDP, create jobs and promote knowledge transfer. The post Nigeria-Indonesia investment to boost GDP, create jobs, says NICCI president, Balogun appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 24Indonesia aims to expand digital jobs through animation , minister saysA minister states that Indonesia aims to increase digital jobs through the animation sector. This highlights a government initiative for economic growth and employment in a specific industry.en.antaranews.com · Indonesia
BUSINESSOct 24Indonesia cuts gas to Singapore amid Borneo, Sumatra wildfire hazeIndonesia cut exports of natural gas to Singapore on Saturday to prioritise domestic demand, an official said, with the two countries at loggerheads over regional air pollution emanating from wildfires on the vast archipelago. The head of SKK Migas, a state agency supervising the oil and gas sector, said Indonesia would cut a total of 31 million standard cubic feet per day from its supply to Singapore. Fifteen million standard cubic feet per day was being cut from Natuna in Indonesia’s Riau...South China Morning Post
BUSINESSOct 22Can Prabowo’s economic nationalism save Indonesia from potential MSCI downgrade?In the wake of Indonesia’s worst stock-market rout since the 1998 Asian financial crisis, President Prabowo Subianto’s administration has turned to appeals to economic nationalism to shore up confidence, urging citizens to rally behind the country’s battered stock market. The government has promised reforms in response to warnings from global index provider MSCI that Indonesia could be downgraded from emerging-market to stand-alone-market status. But analysts say its patriotic appeals will do...South China Morning Post
BUSINESSOct 21BI warns of global risks as Indonesia targets up to 5 . 7 pct growthBank Indonesia (BI) is warning about global risks even as the country aims for substantial economic growth, highlighting potential challenges to its economic targets. This indicates a cautious outlook despite ambitious growth projections.en.antaranews.com · Indonesia
BUSINESSOct 21Singapore hits back over claims it rigged Indonesia’s stock market crashSingapore’s state investor Temasek has denied involvement in Indonesia’s looming MSCI reclassification, following accusations that the city state’s sovereign wealth funds were pulling strings behind the scenes for their own gain. On Wednesday, Fock Wai Hoong, head of Asia-Pacific at Temasek Global Investments, said the claims had “no basis” and were “patently untrue”. Former Indonesian trade minister Muhammad Lutfi on Monday claimed that Singapore’s sovereign wealth funds, Temasek and GIC, were...South China Morning Post
BUSINESSOct 21Indonesia economy strong on paper , but people strugglingDespite a seemingly strong economy on paper, the people of Indonesia are reportedly struggling. This highlights a potential disparity between economic indicators and the lived experiences of the population.asianews.network · China
BUSINESSOct 20As Indonesia faces MSCI downgrade threat, officials vow reforms to ease fearsAs the threat of a reclassification by MSCI that could relegate Indonesia to an investment hinterland looms, the country’s financial regulators and stock exchange officials have vowed to address systemic concerns, including removing stocks with concentrated ownership. The global index provider announced on Friday it was launching a formal consultation to decide whether to downgrade Southeast Asia’s largest economy from “emerging market” to “stand-alone” status, similar to countries such as...South China Morning Post
BUSINESSOct 20Bank Indonesia faces mounting pressure to hike after MSCI threat fuels market routBank Indonesia faces growing pressure to raise rates after MSCI’s threat to cut its market to standalone status triggered a rout in stocks, weakened the rupiah.CNBC
BUSINESSOct 19MSCI warning: Indonesia selloff deepens as stock exchange seeks clarificationSeeking Alpha Tech
BUSINESSOct 19Bangkok Post - Indonesian stocks slide to six - year low as MSCI warning weighsIndonesian stock markets have fallen to a six-year low, influenced by a warning from MSCI. This signifies a notable downturn in the Indonesian economy and financial sector.bangkokpost.com · Thailand
BUSINESSOct 19Indonesian stocks plunge to six-year low as MSCI downgrade fears mountIndonesia's benchmark stock index plunged to its lowest level in six years.CNBC
BUSINESSOct 18Indonesia Could Lose Emerging Market StatusIndonesia faces the possibility of losing its emerging market status, which could have significant implications for its economy and investment landscape. This potential change indicates shifts in global financial classifications.riotimesonline.com · Brazil
BUSINESSOct 16Stocks rebound after tech sell - off and Indonesia shares sink on market downgrade warningStock markets are showing a rebound after a tech sector sell-off, while Indonesian shares have declined due to a market downgrade warning. This indicates divergent performances and concerns across global financial markets.isp.netscape.com · United States
BUSINESSOct 16Indonesia’s central bank insists it is independent. Investors want proofIndonesia has spent months trying to persuade investors that its economy is on the right course. A weakening rupiah, mounting budgetary pressures and a series of contentious policy decisions have made that task harder. Doubts about the management of Southeast Asia’s largest economy have now coalesced around its central bank, whose independence has come under intense scrutiny recently as President Prabowo Subianto seeks to steer economic policy. The appointment of Destry Damayanti – initially as...South China Morning Post
BUSINESSOct 16Stocks rebound after tech sell - off and Indonesia shares sink on market downgrade warningGlobal stocks are rebounding after a tech sell-off, while Indonesia's shares have fallen due to a market downgrade warning. This indicates fluctuating market conditions and specific regional economic concerns.therecord.com · Canada
BUSINESSOct 15MSCI's downgrade proposal puts Indonesia’s EM status at riskSeeking Alpha Tech
BUSINESSOct 14Indonesia: Bali fuel supply delays spark panic buying and hours-long queuesIndonesia's resort island of Bali faced long queues at petrol stations on Wednesday, 14 October, as disrupted fuel deliveries left motorists waiting for hours.Africanews [en]
BUSINESSOct 14Indonesia seeks Nigerian investors, eyes stronger trade tiesIndonesia is seeking increased investment from Nigerian businesses and stronger bilateral cooperation in renewable energy, waste management, manufacturing and agriculture, while expressing willingness to invest in Nigeria, and expand trade, industrial partnerships between both countries. The post Indonesia seeks Nigerian investors, eyes stronger trade ties appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 14Indonesia’s Bali hit by fuel crisis as huge queues form at petrol stationsMotorists have been left queuing for hours at petrol stations across Indonesia’s resort island of Bali in recent days amid reports of a crippling fuel shortage. Long queues have been spotted all around the island, including in the capital Denpasar, Badung and Tabana, according to the Bali Post. On Tuesday, Bali Governor I Wayan Koster stressed that there was enough fuel to go around, suggesting that panic buying might have caused the shortages at the pumps. “People need to be patient because the...South China Morning Post
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