Indonesia Business News

BAE Systems announced last night that it plans to axe 642 jobs in the UK over the next two years, blaming a reduction in its workload. The cuts will be made in its Integrated Systems Technologies (Insyte) arm across eight...

The Asian Development Bank (ADB) has earmarked US$500 million in loans to speed up the second phase of Indonesia`s program to build power plants with a combined capacity of 10,000 megawatts, an ADB official said. The ADB loans were intended...

Jakarta, 24 Nov 2009 – Kurs rupiah against the U.S. dollar in the Jakarta interbank spot market on Tuesday (24/11) morning, down 50 points to close to USD 9500 per U.S. dollar, as market participants took off the rupiah, after...

Jakarta, 24 Nov. 2009 – Consortium of Regional Government of West Nusa Tenggara (NTB) and the Bakrie Group, finally succeeded in reaching 14 percent stake in PT Newmont Nusa Tenggara (nnt) 2008-2009 divestment ration. Yesterday (23/11) evening, the parties involved...

Indonesian Stock Exchange (BEI) opened slightly higher here on Tuesday morning on Wall Street gains. The BEI index went up 0.999 points or 0.04 percent to 2,482.625 points and the LQ-45 index surged 0.306 points or 0.06 percent to 440.112,209...