A politician from the United Development Party (PPP) was tried at the Corruption Court in Jakarta on Thursday on charges of receiving bribes linked to the election of Miranda S. Goeltom as Bank Indonesia (BI) senior deputy governor during his tenure as a member of the House of Representatives in 2004. The Corruption Eradication Commission (KPK) prosecutors alleged Endin to have accepted 30 checks worth Rp 50 million each (US$5,500) from Arie Malangjudo aka Ahmad Hakim Safari. Arie was alleg... [Read Post]
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Investors should sell Indonesia’s 10-year government bonds to guard against a possible pickup in inflation, according to PT Mandiri Sekuritas, a unit of the nation’s largest lender. The yield on the 11 percent note due November 2020 was 9.22 percent at yesterday’s close, according to the Inter...
18 Mar 2010 09:19
Officials, analysts and economists who have held fast and predicted that Indonesia’s economy is destined for great things in 2010 were rewarded with a slew of good news on Wednesday, including a jump in the tax base, fresh foreign investment, rises in corporate ratings and earnings, and a surging...
18 Mar 2010 06:46
Australian firms Coca Cola Amatil Ltd, Commonwealth Bank of Australia, Thiess Pty Ltd and Ramsay Health Care Ltd have agreed to invest more than US$1 billion to expand in Indonesia this year, the head of the country's investment agency said on Wednesday. Indonesia has been trying to attract more in...
17 Mar 2010 19:08
"I never thought that I’d be saying this, but it feels great to be a loser,” said David Gurani of Jakarta. David, 25, was proclaimed the winner of the first season of “The Biggest Loser Asia” during the reality TV show’s finale at the National Film Development Corporation Malaysia studio...
17 Mar 2010 19:06
Nestlé is using palm oil from destroyed Indonesian rainforests and peatlands, in products like KitKat, pushing already endangered orang-utans to the brink of extinction and accelerating climate change, a new Greenpeace report reveals. (1) The damning new Greenpeace report, ‘Caught Red-Handed’,...
17 Mar 2010 16:21





