Matthew's Feed
May 24, 2012

Child addicts at heart of Indonesia anti-smoking suit

KARAWANG GIRANG, Indonesia (Reuters) – Anti-tobacco advocates in Indonesia plan to file a class action lawsuit this month using cases of child addicts in the hope of forcing tougher regulations on a society where one in three people smokes.

It is a rare attempt of its kind to constrain a tobacco industry which looks to the world’s fourth most populous country and its growing appetite for cigarettes to replace dwindling sales elsewhere.

May 20, 2012

Insight: Indonesia tycoon Bakrie gears up for presidential bid

TANGERANG, Indonesia (Reuters) – There are many ways to describe Indonesia’s Aburizal Bakrie: multi-millionaire businessman, global mining tycoon, heavyweight contender for the presidency in 2014. One description that does not spring to mind is man of the common people.

So when Bakrie strode into a railway station in south Jakarta last week and slapped the equivalent of one U.S. dollar down on the counter for a ticket, it was a moment of political theatre.

May 20, 2012

Indonesia tycoon Bakrie gears up for presidential bid

TANGERANG, Indonesia, May 21 (Reuters) – There are many ways
to describe Indonesia’s Aburizal Bakrie: multi-millionaire
businessman, global mining tycoon, heavyweight contender for the
presidency in 2014. One description that does not spring to mind
is man of the common people.

So when Bakrie strode into a railway station in south
Jakarta last week and slapped the equivalent of one U.S. dollar
down on the counter for a ticket, it was a moment of political
theatre.

Apr 23, 2012

S&P warns Indonesia over policy moves, holds rating

JAKARTA, April 23 (Reuters) – Ratings agency Standard and
Poor’s sent Indonesia a warning on Monday over recent policy
“slippage” under President Susilo Bambang Yudhoyono, holding its
sovereign credit rating below investment grade rather than
raising it as many expected.

Although S&P retained a positive outlook on its Indonesia
rating and lauded record first-quarter foreign direct investment
figures released earlier in the day, it singled out policies in
the key mining sector and failure to approve an immediate fuel
price hike as worrisome developments.

Apr 12, 2012

Indonesia’s industry minister wants mining export tax soon

JAKARTA, April 12 (Reuters) – Indonesia should quickly
impose a tax on mining exports, the industry minister said on
Thursday in comments likely to worry miners in the world’s top
exporter of thermal coal and tin.

Government officials have previously said a 25 percent tax
on mining exports is being considered for this year and a 50
percent tax for next year, though miners and industry analysts
have speculated that such plans are likely to be toned down.

Apr 2, 2012

Indonesia fuel price fight bolsters Golkar ahead of 2014 polls

JAKARTA (Reuters) – Indonesia’s Golkar Party has emerged from a policy fight over whether to raise subsidized fuel prices less tainted than its main coalition partner, the Democrat Party, and voters are likely to take note ahead of elections in 2014.

A parliamentary vote on Friday to delay raising fuel prices by 33 percent and instead grant the government authority under certain conditions to raise prices later saddles President Susilo Bambang Yudhoyono’s Democrat Party with an unpopular decision down the line.

Apr 2, 2012

Indonesia fuel price fight bolsters Golkar ahead of 2014 polls

JAKARTA, April 2 (Reuters) – Indonesia’s Golkar Party has
emerged from a policy fight over whether to raise subsidised
fuel prices less tainted than its main coalition partner, the
Democrat Party, and voters are likely to take note ahead of
elections in 2014.

A parliamentary vote on Friday to delay raising fuel prices
by 33 percent and instead grant the government authority under
certain conditions to raise prices later saddles President
Susilo Bambang Yudhoyono’s Democrat Party with an unpopular
decision down the line.

Mar 9, 2012

Indonesia stands ground with foreign miners

JAKARTA (Reuters) – Indonesia’s government offered a clearer view on Friday of a new regulation that limits foreign ownership in mines to no more than 49 percent, saying the rule applies to existing as well as new contracts.

The comments by senior officials in the Ministry of Energy and Minerals could unnerve foreign companies owning mines in Indonesia, including Australian miners who have played down the impact of the rule signed last month by President Susilo Bambang Yudhoyono.

Mar 9, 2012

Eyeing resource wealth, Indonesia taps foreign miners

JAKARTA, March 9 (Reuters) – Indonesia’s government
offered a clearer view on Friday of a new regulation that limits
foreign ownership in mines to no more than 49 percent, saying
the rule applies to existing as well as new contracts.

The comments by senior officials in the Ministry of Energy
and Minerals could unnerve foreign companies owning mines in
Indonesia, including Australian miners who have played down the
impact of the rule signed last month by President Susilo Bambang
Yudhoyono.

Mar 8, 2012

Indonesia says mine rules not just aimed at Freeport

JAKARTA, March 8 (Reuters) – A new Indonesian
regulation that changes the rules on foreign ownership of mines
applies to all foreign companies and is not aimed specifically
at the largest of those, Freeport McMoRan Copper & Gold Inc
, the deputy energy and mining minister said on Thursday.

Indonesia has substantial mineral wealth and is the world’s
top exporter of thermal coal and tin, but attention has focused
on Freeport since news on Wednesday of the regulation which
could deter fresh investment in the sector.