Indonesia should keep more resources such as natural gas at home to bolster its domestic industries, according to Aburizal Bakrie, who rates himself the favorite to win a presidential election to be held in July.
A jump in palm oil consumption for biodiesel in Indonesia, the world’s biggest supplier, will probably mean that shipments fail to increase this year for the first time since 2010 even as production climbs to a record.
Indonesia’s best start to an earnings season in six years is adding fuel to Asia’s second- biggest stocks rally as forecasters from Credit Suisse Group AG to JPMorgan Chase & Co. predict further gains ahead.
Indonesia officials stepped up warnings of corruption ahead of elections this year, as the anti-money laundering watchdog said the country risks a “bureaucratic mafia” if dirty candidates get into parliament.
Indonesia’s rupiah is set to snap its world-beating gains of the past week, trading patterns suggest, amid concern a clampdown on commodity exports will swing the nation’s trade balance back to the red.
U.S. Secretary of State John Kerry said global warming is as big a threat as terrorism in a speech in Indonesia, the world’s largest exporter of coal for power plants, seeking to burnish his credential as a climate champion before deciding on the proposed Keystone XL pipeline project.
Indonesian Foreign Minister Marty Natalegawa said Australia’s response to new spying allegations was “mind boggling,” as the New York Times reported a document leaked by U.S. whistle-blower Edward Snowden revealed monitoring of trade talks.
Indonesia’s top army officials will skip the Singapore Airshow as tensions escalated between the two nations after Indonesia stood by its decision to name a navy ship after marines who bombed a building on the island in 1965.