Susilo Bambang Yudhoyono News
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Freeport-McMoRan Copper & Gold Inc., the largest publicly traded copper producer, and Newmont Mining Corp. will cooperate with the Indonesian government as it reviews the companies’ mining contracts.
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The terrorism trial of Indonesian militant Umar Patek began today in Jakarta for his alleged role in bombings that killed 202 people in Bali, highlighting Southeast Asia’s battle to dismantle militant groups.
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Indonesia’s central bank unexpectedly cut its benchmark interest rate for the first time in three months, taking advantage of easing inflation to support growth in a deteriorating global economy.
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Indonesia’s economy grew last year at the fastest pace since before the Asian financial crisis as rising investment and domestic spending countered a slowdown in export demand due to Europe’s debt crisis.
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Indonesia’s growth probably exceeded 6 percent for a fifth quarter as domestic demand helped Southeast Asia’s largest economy withstand the European debt turmoil that has hurt exports across Asia.
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Former Bank Indonesia Senior Deputy Governor Miranda S. Goeltom said the country’s anti-corruption agency has named her as a suspect in the bribery case involving her election to the post in 2004.
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It’s a rare economic story that involves Facebook Inc., God and credit ratings.
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New investors are pushing into Indonesia’s fledgling private-equity market, where firms led by TPG Capital’s local partner raised a record $1.16 billion last year even as deal-making fell by more than half.
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Indonesia won its second credit rating upgrade in five weeks as Moody’s Investors Service returned the country to investment level for the first time since the Asian financial crisis.
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Indonesia’s foreign and domestic investments increased last quarter on expansion of its mining, metals and telecommunication industries.
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