World News by Wild Rose

Chinese investors could face significant disruption if Indonesia imposes a moratorium on new nickel smelters to curb global overproduction and protect local industries across its vast minerals sector, analysts said. Indonesia was weighing a halt to the construction of smelters that produce semi-finished nickel products amid a global supply glut that had driven down commodity prices, state news agency Antara reported, citing energy and mineral resources minister Bahlil Lahadalia. Semi-finished...

Danantara CIO Pandu Sjahrir says Indonesia’s state sovereign wealth fund is committed to deploying another $5 billion this year. He speaks with Haslinda Amin from the sidelines of '2026 Milken Institute Asia Summit'. (Source: Bloomberg)

Hong Kong and Indonesia can deepen cooperation in green finance as their ties strengthen, the country’s special envoy for international trade has said, adding that the city’s common law expertise can support the nation’s efforts to attract family offices. Hong Kong also played a vital role as a conduit channelling mainland China investments to Asean, Mari Elka Pangestu told reporters before delivering a lecture at the University of Hong Kong on Wednesday. Pangestu is the Indonesian president’s...

Indonesia’s new finance chief signaled he’ll stay in his lane and let the central bank and the Danantara sovereign wealth fund handle their own mandates, a bid to restore investor confidence in President Prabowo Subianto’s broad economic policy. (Source: Bloomberg)

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)

Indonesia Finance Minister Suahasil Nazara pledged policy continuity and reaffirmed that the country will maintain its 3% GDP budget deficit cap, despite parliamentary debate over raising it. Speaking to Haslinda Amin, Nazara sought to reassure investors as amidst a backdrop of uncertainty over the currency. (Source: Bloomberg)

The 30% slide in Indonesia’s benchmark stock index this year has prompted one overseas fund to invest in the country for the first time.

Indonesia’s government has paid bondholders the 722 billion rupiah ($40 million) owed to them after state-owned builder PT Waskita Karya failed to settle it last week, marking the first payout under a pandemic-era guarantee program for securities issued by state companies.

This year’s haze crisis has added to the heat woes squeezing livestock farmers in Malaysia and Indonesia, as they struggle to keep their animals cool, fed and productive. While it is difficult to separately assess the effects of haze-related smoke from heat, water shortages, feed and disease, farmers and industry groups say the cumulative strain is severely affecting animal health, productivity and their finances. In Selama, Perak, poultry keeper Zaiful Zakaria, 42, had begun installing...

Indonesia is considering lifting a statutory cap on government spending that has been in place for more than two decades, as President Prabowo Subianto pushes for faster economic growth. Supporters argue that greater room to borrow and spend would let Southeast Asia’s largest economy invest its way towards Prabowo’s target of 8 per cent annual growth by 2029. Economists counter that weakening the rule could push up borrowing costs and dent investor confidence. At issue is the mandatory ceiling...

A major coal deal in Indonesia is set to secure a powerful new partner for one of the country’s biggest miners, even as the industry worries a delay in the government’s approval of production quotas could have a severe impact on the business outlook. Low Tuck Kwong and his daughter Elaine Low, the biggest shareholders of Bayan Resources, agreed on September 16 to sell a 30 per cent stake in Indonesia’s third-largest coal producer to fellow tycoon Andi Syamsuddin Arsyad, better known as Haji...

Bank Indonesia Governor Destry Damayanti and Finance Minister Suaha showcased a united front and promised to align their policies in managing liquidity and boosting economic growth, after disagreements by their predecessors rattled markets.

Indonesian state-owned builder PT Waskita Karya was unable to repay 722 billion rupiah ($40 million) of bonds that fell due on Thursday, prompting a claim under an Indonesian government guarantee program that could test the country’s pandemic-era mechanism.

China has scrapped two-thirds of its planned overseas coal projects since President Xi Jinping pledged five years ago to stop building plants abroad, while stepping up the development of green energy in the Global South.

Smelters at a major Indonesian nickel-processing hub will be forced to cut output as an El Niño-driven drought reduces the supply of water used to cool and protect equipment, according to people familiar with the matter.

The rupiah may struggle to extend its recent rally, as lingering concerns over spending and trade temper optimism over Indonesia’s efforts to bolster policy credibility.

Indonesia’s new finance minister will retain the policy of his predecessor of keeping about $17 billion in the government’s standby funds with state lenders to help boost borrowing and economic activity.

Indonesia is doubling its 2028 bioethanol-blending target to 20%, accelerating a push under President Prabowo Subianto to reduce reliance on fuel imports.

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)

Nickel Industries Ltd. halted the ramp-up of one of its Indonesian processing plants due to water shortages, a sign of how an El-Niño linked drought is hurting output in the world’s top producer.

Suahasil Nazara, Indonesia’s new finance minister, is an experienced insider and familiar face for investors, having served as a deputy over the past seven years.

The appointment of Suahasil Nazara as Indonesia’s new finance minister signals the government’s recognition of its fiscal challenges, according to analysts.

Indonesia’s President Prabowo Subianto has sacked the finance minister and appointed the deputy ‌finance minister as his replacement, the president’s office said on Monday. Deputy Finance Minister Suahasil Nazara was among the senior ⁠officials who arrived at the state ‌palace for a swearing-in ceremony. Earlier on Monday, Finance Minister Purbaya ‌Yudhi Sadewa had left in ⁠the ⁠middle of a parliamentary hearing. Suahasil Nazara ‌had been deputy finance minister since 2019. He said ‌on Monday...